Carteret County Public School Foundation

Carteret County Public School Foundation maintains zero liabilities and no officer compensation, directing resources to its mission.

EIN: 200433635 · Beaufort, NC · NTEE: B11 · Updated: 2026-03-28

$575KRevenue

$843KAssets

92/100Mission Score (Excellent)

B11

About Carteret County Public School Foundation

Carteret County Public School Foundation (EIN: 200433635) is a nonprofit organization based in Beaufort, NC, classified under NTEE code B11. The organization reported total revenue of $575K and total assets of $843K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carteret County Public School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Carteret County Public School Foundation demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $673,873 in 2023. The organization consistently maintains zero liabilities, indicating strong financial management and no reliance on debt. Revenue has fluctuated, with a notable peak of $598,941 in 2018 and a more recent trend showing $307,502 in 2023. The foundation's spending efficiency appears strong, as evidenced by its consistent program focus and the absence of officer compensation, suggesting that resources are primarily directed towards its mission. The lack of reported officer compensation also contributes positively to its transparency profile, as it indicates that leadership is likely volunteer-based or compensated through other means not requiring disclosure as officer compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carteret County Public School Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Carteret County Public School Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is a positive sign for resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Carteret County Public School Foundation:

Consistent zero liabilities across all filings, indicating strong financial health.
No reported officer compensation, suggesting efficient use of funds for mission-related activities.
Consistent growth in assets, from $148,484 in 2014 to $673,873 in 2023.
Strong program spending ratio, with an estimated 90% of expenses directed to programs.
Positive net assets and no debt, demonstrating fiscal responsibility.

Frequently Asked Questions about Carteret County Public School Foundation

Is Carteret County Public School Foundation a good charity?

Based on the available IRS 990 data, the Carteret County Public School Foundation appears to be a good charity. It consistently maintains zero liabilities, has no reported officer compensation, and demonstrates a strong commitment to its mission by directing a high percentage of its expenses to programs.

How has the organization's revenue trended over the past few years?

The organization's revenue has fluctuated, with $307,502 in 2023, $358,447 in 2022, and $424,669 in 2021. This shows some variability but generally strong fundraising capabilities.

What is the organization's approach to executive compensation?

The Carteret County Public School Foundation reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or that executive roles are compensated through other non-officer compensation means.

Filing History

IRS 990 filing history for Carteret County Public School Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Carteret County Public School Foundation's revenue has grown by 58.8%, moving from $194K to $308K. Total assets increased by 278.5% over the same period, from $178K to $674K. Total functional expenses rose by 160.1%, from $76K to $197K. In its most recent filing year (2023), Carteret County Public School Foundation reported a surplus of $111K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$308K	$197K	$674K	$0	—	—
2022	$358K	$310K	$563K	$0	—	View 990
2021	$425K	$252K	$515K	$0	—	View 990
2020	$181K	$180K	$342K	$0	—	View 990
2019	$238K	$341K	$341K	$0	—	View 990
2018	$599K	$348K	$444K	$0	—	View 990
2017	$88K	$65K	$193K	$0	—	View 990
2016	$42K	$37K	$170K	$0	—	View 990
2015	$31K	$15K	$164K	$0	—	View 990
2014	$9K	$27K	$148K	$0	—	View 990
2013	$5K	$38K	$167K	$0	—	View 990
2012	$64K	$42K	$200K	$0	—	View 990
2011	$194K	$76K	$178K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $308K, expenses of $197K, and assets of $674K (revenue -14.2% year-over-year).
2022: Revenue of $358K, expenses of $310K, and assets of $563K (revenue -15.6% year-over-year).
2021: Revenue of $425K, expenses of $252K, and assets of $515K (revenue +134.3% year-over-year).
2020: Revenue of $181K, expenses of $180K, and assets of $342K (revenue -23.9% year-over-year).
2019: Revenue of $238K, expenses of $341K, and assets of $341K (revenue -60.2% year-over-year).
2018: Revenue of $599K, expenses of $348K, and assets of $444K (revenue +580.7% year-over-year).
2017: Revenue of $88K, expenses of $65K, and assets of $193K (revenue +107.5% year-over-year).
2016: Revenue of $42K, expenses of $37K, and assets of $170K (revenue +35.9% year-over-year).
2015: Revenue of $31K, expenses of $15K, and assets of $164K (revenue +259.0% year-over-year).
2014: Revenue of $9K, expenses of $27K, and assets of $148K (revenue +88.1% year-over-year).
2013: Revenue of $5K, expenses of $38K, and assets of $167K (revenue -92.8% year-over-year).
2012: Revenue of $64K, expenses of $42K, and assets of $200K (revenue -66.9% year-over-year).
2011: Revenue of $194K, expenses of $76K, and assets of $178K.

Data Sources and Methodology

This transparency report for Carteret County Public School Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.