Passes our checks

Henderson County Education Foundation Inc

EIN 58-1734733 · Hendersonvlle, NC

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

What it says it does

ENHANCE THE QUALITY OF LIFE IN HENDERSON COUNTY, NORTH CAROLINA BY ENRICHING THE EDUCATION OF STUDENTS, TEACHERS, AND THE LOCAL COMMUNITY.

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

Strong: 93 out of 100. Higher than 83% of charities in its peer group (education, $1m to $10m).

Reserves
28 of 35
Spendable reserves would cover 9.8 months of spending.
Debt
20 of 20
It owes 1% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 30% of income.
Income trend
15 of 15
Income rose 49% on the year before.
Spending floor
15 of 15
86% of spending went to programs and raising each dollar of donations cost 4 cents.

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

Strong: 92 out of 100. Higher than 60% of charities in its peer group (education, $1m to $10m).

Independent board
25 of 25
17 of 17 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no 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.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
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

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

Programs described in its return (5)

$264,933 spent. THE FOUNDATION ADMINISTERED 40 SCHOLARSHIPS FOR GRADUATES OF HENDERSON COUNTY PUBLIC HIGH SCHOOLS. EACH SCHOLARSHIP HAS A SPECIFIC PURPOSE AND TAILORED ELIGIBILITY CRITERIA. THE SCHOLARSHIPS ARE MANAGED BY THE FOUNDATION'S PROGRAM COMMITTEE AND STAFF, WITH THE INVOLVEMENT OF HIGH SCHOOL COUNSELORS, TEACHERS, AND SCHOLARSHIP REVIEW COMMITTEES, INCLUDING MEMBERS OF THE HENDERSON COUNTY COMMUNITY.
$52,530 spent. HCEF SPRING FUND, FORMERLY "THE SPECIAL FUND FOR CHILDREN" WAS ESTABLISHED TO PROVIDE SUPPORT FOR CHILDREN'S NEEDS NOT OTHERWISE MET BY THE SCHOOL SYSTEM. SPRING FUNDS ARE PROVIDED ANNUALLY TO PRINCIPALS AT EACH OF THE SCHOOLS IN THE DISTRICT TO MEET THE DAY-TO-DAY EMERGENCIES AND OTHER NEEDS OF THE MOST VULNERABLE CHILDREN IN THE SYSTEM.
$182,224 spent. THE LEADER IN ME IS FRANKLIN COVEY'S WHOLE SCHOOL TRANSFORMATION PROCESS. IT TEACHES 21ST CENTURY LEADERSHIP AND LIFE SKILLS TO STUDENTS AND CREATES A CULTURE OF STUDENT EMPOWERMENT BASED ON THE IDEA THAT EVERY CHILD CAN BE A LEADER.
$381,808 spent. GENERAL PROGRAMS-OTHER AWARDS, TO STUDENTS, TEACHERS, AND GRADUATES OF HENDERSON COUNTY PUBLIC SCHOOLS, TO ENRICH THE LEARNING OPPORTUNITIES FOR STUDENTS AND EXPENSES RELATED TO THE OPERATION OF THESE PROGRAMS.
GENERAL PROGRAMS-OTHER AWARDS, TO STUDENTS, TEACHERS, AND GRADUATES OF HENDERSON COUNTY PUBLIC SCHOOLS, TO ENRICH THE LEARNING OPPORTUNITIES FOR STUDENTS AND EXPENSES RELATED TO THE OPERATION OF THESE PROGRAMS.

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

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.
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 October 13, 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 October 13, 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 October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1987.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 2026.

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