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ROBERT & JANICE MCNAIR EDUCATIONAL FOUNDATION

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Public nonprofit record

ROBERT & JANICE MCNAIR EDUCATIONAL FOUNDATION

EIN 58-1870080 · Private Independent Foundations (T22)

What they do

EDUCATIONAL ASSISTANCE to RUTHERFORD COUNTY, NC STUDENTS.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$1,768,835
Expenses$3,168,920
Annual shortfall $1,400,085 Expenses were higher than revenue for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$410,700 · 13.0% of expenses
Grants paid$388,989 · 12.3% of expenses
Reported executive compensation (total)$117,107 · 3.7% of expenses
Revenue$1,768,835
Expenses$3,168,920
Assets$42,391,191
Income$1,768,835
Contributions$691,284
Grants given$388,989
Average grant$55,570
Management and general$410,700
Executive compensation (total)$117,107
Stocks and bonds$40,847,037
Accounting fees$2,000
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MONICA LEEEXECUTIVE DI · 40 hrs/week $171,756Base $131,777 · Other $39,979

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

MONICA LEEEXECUTIVE DI

BETH MILLERVICE CHR THR

DAVID SUTTONBOARD MEMBER

JANICE MCNAIRBOARD MEMBER

JOHN CONDREYBOARD MEMBER

MEGHAN BLANTONBOARD MEMBER

MIKE GAVINSECRETARY

TERRY HINESCHAIR/TREASU

TRIPP FLACKVICE CHAIRMA

About this charity

Recognized since
January 1990
Location
129 COUNTRYWOOD DR, FOREST CITY, NC 28043
County
Rutherford
In care of
MONICA LEE
Primary officer
MONICA LEE, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CARTER P C
NTEE classification
Private Independent Foundations (T22)
IRS tax category
Private Independent Foundations
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
15
Activity
040000000
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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