Asheboro City Schools Education Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To award scholarships to seniors graduating from Asheboro High School and attending institutions of higher learning. Also to provide a conduit for public donations that are intended to be paid to Asheboro City Schools for upgrades of facilities and supplementation of educational programs.
- Income
- $64,452
- Spending
- $82,012
- Spent on programs
- 77%
- Reserves
- 7.2 months of spending
- Largest source of income
- donations and private grants, 59%
- Employees
- 0
- Volunteers
- 9
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
Fair: 63 out of 100. Higher than 26% of charities in its peer group (education, under $250k).
Reserves
28 of 35Spendable reserves would cover 7.2 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 27% of income.
Income trend
0 of 15Income fell 32% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 0 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
Fair: 50 out of 100. Higher than 24% of charities in its peer group (education, under $250k).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10Reports 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 (3)
- $38,500 spent. The Asheboro City Schools Education Foundation receives monetary donations from the public and uses them to award scholarships to seniors from Asheboro High School who are attending institutions of higher learning upon graduation. For the year ending June 30, 2025, the Asheboro City Schools Education Foundation awarded scholarships to 27 seniors (paid directly to their respective institutions of higher learning) totaling $38,500. The following scholarships (totaling $38,500) were paid during the period 7/1/2024-6/30/2025: (Checks #1795-1809/Dated 7/1/2024) CK#1795 - Scholarship: Laura Lisk Memorial Scholarship - Recipient: Carlisle Dozier - Amount: $1,000; CK#1796 - Scholarships: The Derek Kesler Scholarship & Class of 1972 Memorial Scholarship - Recipient: Jean Brou - Amount: $2,000; CK#1797 - Scholarship: The T. Henry Redding Scholarship for Achievement - Recipient: Kimberly Soto - Amount: $1,000; CK#1798 - Scholarship: The William H. Redding Scholarship for Excellence - Recipient: Isaac Martinez-Aguirre - Amount: $1,000; CK#1799 - Scholarships: The Diane L. Frost Centennial Scholarship & Diana Burge Scholarship Award in English - Recipient: Ellen Long - Amount: $1,500; CK#1800 - Scholarship: Frank Barham Mathematics Scholarship - Recipient: Omar Romero Jimenez - Amount: $500; CK#1801 - Scholarship: Cone Health Scholarship - Recipient: Carolina Castro-Perez - Amount: $2,000; CK#1802 - Scholarships: C. Reitzel Smith Memorial Scholarship, Pam Hill Scholarship, & Mildred Chrisco Business Scholarship - Recipient: Ashley Romero - Amount: $1,500; CK#1803 - Scholarship: The Brooke Upchurch Phillips Scholarship - Recipient: Keyva Lilly - Amount: $1,000; CK#1804 - Scholarships: The Diane L. Frost Centennial Scholarship & The Richard Harrington Scholarship - Recipient: Meghan Prochnau - Amount: $1,500; CK#1805 - Scholarships: The Diane L. Frost Centennial Scholarship & The Dr. Gurdial and Mrs. Surinder Wahla Scholarship - Recipient: Kyla Woody - Amount: $1,500; CK#1806 - Scholarship: Kathryn Cherry Needham Memorial Scholarship - Recipient: Patrick Piansay - Amount: $1,000; CK#1807 - Scholarship: Lisa Robertson Memorial Scholarship - Recipient: Addison Allen - Amount: $1,000; CK#1808 - Scholarship: Shann Redding Scholarship for Excellence - Recipient: Valeria Perdomo Osorio - Amount: $1000; CK#1809 - Scholarship: Allen Tate Scholarship -Recipient: Emma Dobbins - Amount: $500; (Check #1810/Dated 7/8/2024) CK#1810 - Scholarships: Lee J. Stone Scholarship & Eddie Luck Memorial Scholarship - Recipient: Amare Godwin - Amount: $2500; (Checks #1811-1814/Dated 7/16/2024) CK#1811 - Scholarship: Curt Lorimer Memorial Scholarship - Recipient: Emilee Shackelford - Amount: $1000; CK#1812 - Scholarship: Richard Morgan Scholarship - Recipient: Stephanie Eusebio - Amount: $500; CK#1813 - Scholarships: The Sam Ramsey Chick-Fil-A Legacy Scholarship & Christine Fennell Scholarship - Recipient: George Wilson - Amount: $1500; CK#1814 - Scholarships: Katie Bunch Servant Leader Scholarship & Charles Spivey Memorial Scholarship - Recipient: David Blanno Martinez - Amount: $3000; (Checks #1815-1816/Dated 7/18/2024) CK#1815 - Scholarship: Ruby B. Smith Memorial Scholarship - Recipient: Alan Alcantara Martinez - Amount: $2000; CK#1816 - Scholarship: Katie Bunch Servant Leader Scholarship - Recipient: Haylee Espinosa-Fuentes - Amount: $2000; (Check #1817/Dated 7/24/2024) CK#1817 - Scholarships: Joyce Harrington Scholarship of Excellence & Allen Tate Scholarship - Recipient: Tyler Smith - Amount: $1000; (Check #1818/Dated 7/30/2024) CK#1818 - Scholarships: The Dr. Bob W. Gordon Scholarship & Ida Ruth Alman Memorial Scholarship - Recipient: Jada Butts - Amount: $2000; (Check #1819/Dated 7/31/2024) CK#1819 - Scholarship: The JB & Claire Davis Scholarship of Excellence - Recipient: Elizabeth Pavon-Zagada - Amount: $1000; (Check #1820/Dated 8/14/2024) CK#1820 - Scholarship: The T. Henry Redding for Achievement - Recipient: Victoria Rodriguez - Amount: $3000; (Check #1821/Dated 10/29/2024) CK#1821 - Scholarship: The T. Henry Redding for Achievement - Recipient: Stephanie Cantu - Amount: $1000.
- $15,000 spent. The Asheboro City Schools Education Foundation accepted a donation in the amount of $15,000 that was intended to be used for improvements to the athletic track at South Asheboro Middle School. The Asheboro City Schools Education Foundation paid $15,000 to Asheboro City Schools on 6/25/25. This payment was a pass-through of funding from a community member who made the $15,000 donation for the intended purpose of improving the sidewalks around the athletic track at South Asheboro Middle School, as the athletic track is also used by the citizens of the city of Asheboro for exercise and recreational purposes.
- $9,590 spent. The Asheboro City Schools Education Foundation accepted a donation in the amount of $9,590 that was intended to be used to fund internship opportunities in the medical field for Asheboro High School students. The Asheboro City Schools Education Foundation paid $9,590 to Asheboro City Schools on 6/25/2025. This payment was a pass-through of funding from Cone Health Hospital who made the donation in the amount of $9,590 with the intent that the money be used to fund a medical internship program at Asheboro High School for students attending said school.
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
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1992.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 October 7, 2026.
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