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Education Foundation Inc of Caldwell County

EIN 56-1659608 · Lenoir, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong97 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

STUDENT & TEACHER SCHOLARSHIPS

Income
$631,858
Spending
$429,950
Spent on programs
78%
Reserves
27.7 months of spending
Largest source of income
investment income, 75%
Employees
1
Volunteers
41
Highest pay
$53,431, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 27.7 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 32% of income.

  • Income trend

    5 of 15

    Income fell 13% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 97 out of 100.

  • Independent board

    25 of 25

    44 of 44 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $333,969 spent. Grants,Scholarships,Allocations:ABC Teacher Awards Grants,Scholarships,Allocations:Apples for Teachers Grants,Scholarships,Allocations:Associate of the Year Grants,Scholarships,Allocations:B. Deverick Scholarship Grants,Scholarships,Allocations:Battle of the Books Grants,Scholarships,Allocations:Bernhardt Creative Beginnings Grants,Scholarships,Allocations:Caldwell Little Read Grants,Scholarships,Allocations:Career Center House Funds:Career Center House #7 Grants,Scholarships,Allocations:Career Center House Funds:Career Center Loan Expense Grants,Scholarships,Allocations:Career Center House Funds:Other Grants,Scholarships,Allocations:Community Education Grants Grants,Scholarships,Allocations:Cowart Family Scholarship Grants,Scholarships,Allocations:First Robotics Grants,Scholarships,Allocations:Foundation other Grants,Scholarships,Allocations:Green Commission Scholarship Grants,Scholarships,Allocations:Jack Robbins Scholarship Grants,Scholarships,Allocations:Marvin Courtney Scholarship Grants,Scholarships,Allocations:Mollie Grace Dalton Grants,Scholarships,Allocations:OCS Bus Business:Fuel Expense Grants,Scholarships,Allocations:Other Grants,Scholarships,Allocations:Safe Kids:Bike Safety Grants,Scholarships,Allocations:Safe Kids:Child Seat Safety Grants,Scholarships,Allocations:Safe Kids:Other Grants,Scholarships,Allocations:Safety Fair Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Baton Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Collettsville Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Davenport A+ Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Dudley Shoals Elem. Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Early College Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Gamewell Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Gamewell Middle Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Granite Falls Elemtary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Granite Falls Middle Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Happy Valley Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Hibriten High Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Horizons Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Hudson Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Hudson Middle Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Kings Creek Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Lower Creek Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Sawmills Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:South Caldwell High Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Valmead Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:West Caldwell High Grants,Scholarships,Allocations:Student Activity Scholarship Fd:West Lenoir Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:Whitnel Elementary Grants,Scholarships,Allocations:Student Activity Scholarship Fd:William Lenoir Middle Grants,Scholarships,Allocations:Teachers Supplemental Fund Grants,Scholarships,Allocations:Tom McNeel Scholarship Grants,Scholarships,Allocations:Volunteer of the Year:Educator of the Year

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.