Nonprofit · EIN 56-1437097
PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION
Tax-exempt · CARY, NC 27518
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $319,107 | $229,215 | $89,892 | $943,549 | $22,548 | $921,001 |
| June 30, 2024 | 990 | $280,313 | $146,433 | $133,880 | $789,151 | $13,310 | $775,841 |
| June 30, 2023 | 990 | $50,147 | $262,937 | -$212,790 | $607,142 | $65 | $607,077 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $289,018
- of which government grants
- $200,000
- Program service revenue
- $0
- Investment income
- $22,734
- Net gain from sales of assets
- $1,913
- Net income from fundraising events
- $7,355
- Other revenue
- $7,355
Expenses
- Grants and similar amounts paid
- $14,150
- Compensation of officers, directors and key employees
- $8,125
- Salaries, compensation and benefits (total)
- $8,125
- Professional fundraising fees
- $0
- Accounting fees
- $4,449
- Occupancy
- $44,370
- Travel
- $18,208
- Program services (functional)
- $211,962
- Management and general (functional)
- $17,253
Balance sheet and other
- Total assets, start of year
- $789,151
- Total assets, end of year
- $943,549
- Total liabilities, end of year
- $22,548
- Net assets, end of year
- $921,001
- Publicly traded securities
- $679,765
- Net assets without donor restrictions
- $486,749
- Net assets with donor restrictions
- $434,252
- Gross receipts
- $325,806
- Employees
- 0
- Volunteers
- 150
- Year formed
- 1984
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA LACLAIR | EXECUTIVE DIRECTOR Officer | 24 | $9,500 |
| GRANT LIVENGOOD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| CHARLIE TOWNSEND | SECRETARY Trustee or director, Officer | 3 | $0 |
| TODD ROUSE | TREASURER Trustee or director, Officer | 3 | $0 |
| MARK SMITH | DIRECTOR Trustee or director | 3 | $0 |
| TOMMY SHERARD | DIRECTOR Trustee or director | 3 | $0 |
| BILL JENKINS | DIRECTOR Trustee or director | 3 | $0 |
| AMIT SACHAN | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA LACLAIR | EXECUTIVE DIRECTOR Officer | 24 | $7,500 |
| GRANT LIVENGOOD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| CHARLIE TOWNSEND | SECRETARY Trustee or director, Officer | 3 | $0 |
| TODD ROUSE | TREASURER Trustee or director, Officer | 3 | $0 |
| MARK SMITH | DIRECTOR Trustee or director | 3 | $0 |
| TOMMY SHERARD | DIRECTOR Trustee or director | 3 | $0 |
| BILL JENKINS | DIRECTOR Trustee or director | 3 | $0 |
| AMIT SACHAN | DIRECTOR Trustee or director | 3 | $0 |
| CARL BONNER | DIRECTOR EMERITUS Trustee or director | 3 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARL BONNER | DIRECTOR Trustee or director | 3 | $7,500 |
| TODD ROUSE | TREASURER Trustee or director, Officer | 3 | $0 |
| CHARLIE TOWNSEND | SECRETARY Trustee or director, Officer | 3 | $0 |
| TOMMY SHERARD | DIRECTOR Trustee or director | 3 | $0 |
| GRANT LIVENGOOD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| BILL JENKINS | DIRECTOR Trustee or director | 3 | $0 |
| MARK SMITH | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2474 WALNUT STREET 252, CARY, NC 27518-9212
- In care of
- % CATHLEEN F COX
- Principal officer (990 for 2024)
- CHARLIE TOWNSEND, 2474 WALNUT STREET 252, CARY, NC 27518
- Signed the 990
- TODD ROUSE, TREASURER
- Phone
- (919) 787-5181
- Website
- WWW.PENC.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
TO PROMOTE THE ENGINEERING PROFESSION
Program accomplishments
- TO PROVIDE STATE MATHCOUNTS CONTESTS TO ENCOURAGE JUNIOR HIGH SCHOOL STUDENTS TO PURSUE ENGINEERING AND OTHER MATH-RELATED CAREERS.Expenses $164,993 · grants $1,150
- TO PROVIDE SCHOLARSHIPS TO ASPIRING HIGH SCHOOL AND COLLEGE STUDENTS WHO WISH TO PURSUE ENGINEERING DEGREES.Expenses $21,817 · grants $13,000
- TO PROVIDE SUPPORT FOR STATEWIDE AND CHAPTER EDUCATIONAL ACTIVITIES IN FUTURE CITY, ENGINEERS WEEK, STEM HIGH SCHOOLS, STEM TEACHER CONTINUING EDUCATION, AND OTHER RELATED ACTIVITES.Expenses $25,152
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1437097
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B9XZ)
- Assets (IRS master file)
- $943,549
- Income (IRS master file)
- $325,806
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $319,107 | $229,215 | $943,549 | IRS |
| 990 | June 2024 | $280,313 | $146,433 | $789,151 | IRS |
| 990 | June 2023 | $50,147 | $262,937 | $607,142 | XML |
| 990 | June 2022 | $278,326 | $59,590 | $769,875 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1437097).
Questions about PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION
- What is the EIN of PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION is 56-1437097.
- Is PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION?
- The 990 for the year ended June 30, 2025 names CHARLIE TOWNSEND.
- Who are the officers and directors of PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $9,500 (VANESSA LACLAIR, EXECUTIVE DIRECTOR).
- How much revenue does PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $319,107, expenses of $229,215 and total assets of $943,549 at year end.
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