WE>

Form

990
'

OMB No 1545-0047
Return of Organization Exempt From Income Tax
2003
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung
Open
to Public
benefit trust or private foundation)
Department of the Treasury
Inspection
Internal Revenue Service
1 The organization ma have to use a co of this return to sates state re portin g rrequirements
6/3004
A Forthe2003calendar ear, or tax ear be g innin g
7/01/03
andendin
Please C Name of organization
B Check if applicable
D Employer ID number
use IRS
Address change
5 8 -151818 2
label or
WAKE EDUCATION PARTNERSHIP
Name change
print or
E Telephone number
type.
Initial return
Number and street (or P O box if mail is not delivered to street address)
Room/suite
919-821-7 609
See
A
Final return
70 6 HILLSBOROUGH STREET
F
Accounting
method : U Cash
-7
Specific
+4
Amended return
City
or
town,
state
or
country,
and
ZIP
~
Accrual
11 Other (specify)
InstrucRALEIGH
Application pending ion,
NC 27603
t
Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable
H and I are not applicable to section 527 organizations
trusts must attach a completed Schedule A (Form 990 or 990-EZ) .
H(a) Is this a group return for affiliates
F] Yes Id%-I No
G Website : 1 WAKEEDPARTNERSH I P . ORG
H(b) If "Yes' enter number of affiliates 1
J Organization type
H(c) Are all affiliates included
~ Yes F1 No
check only one
1 X 501 c
3
s insert no
4947 ( , )( 1 ) or
527
fit ^No,^ att a list See instr )
K Check here 1 1-1 if the organization's gross receipts are normally not more than $25,000
H(d) Is this a separate return filed by an
The organization need not file a return with the IRS; but if the organization received a
org anization covered b a g rou p rulin g?
1-1 Yes X No
Form 990 Package in the mad, it should file a return without financial data. Some states
I
Grou p Exem p tion Number 1
re q uire a com p lete return .
M Check 1 U if the organization is not required
L Gross recei p ts Add lines 6b, Sb, 9b, and 10b to line 12 t
1 , 455 , 4091
to attach Sch B Form 990, 990-EZ, or 990-PF
Part I
Revenue Ex penses , and Chan g es in Net Assets or Fund Balances See pa g e 18 of the instructions .
1
Contributions, gifts, grants, and similar amounts received :
894 , 519 '
a Direct public support
1a

LLj
LJI
J
qt
~t
y

b
c
d

2
3
4
5
6a
b
c
7
8a

n
u

b
c

Indirect public support

1b
Government contributions (grants)
1c
Total (add lines 1a through 1c) (cash $
894,519 noncash $
Program service revenue including government fees and contracts (from Part VII, line 93)
Membership dues and assessments
Interest on savings and temporary cash investments
Dividends and interest from securities
Gross rents
6a
Less . rental expenses
lib
Net rental income or (loss) (subtract line lib from line 6a)
Other investment income (describe 1
Gross amount from sales of assets other
(A) Securities
than inventory
384 , 531 8a
Less cost or other basis and sales expenses
389 , 721 8b
-5 , 190 8c
Gam or (loss) (attach schedule)
SEE STMT 1
^
line 8c, columns (A) and (B))
~~y&AAErwactiviti (attach schedule). If any amount is from gaming, check here

9
[LGross rev nue (nof in
ig $
of
IIR
Cf)
FfBbutogf renoiy
i ie 1a)
LLess : direct expentes
than fundraising expenses
9G penal events (subtract line 9b from line 9a)
10a 0GD6E4f ibjTtory, I~ss returns and allowances
c

E
XP
en
S
e

A
NS
te
t
S

11
12

13
14
15
16

( B ) Other

SEE

1 , 075
-1 , 075
STMT 2

19

Net assets or fund balances at beginning of year (from line 73, column (A))

20

Other changes in net assets or fund balances (attach explanation)

Net assets or fund balances at end of ear combine lines 18, 19, and 20

For Paperwork Reduction Act Notice, see the separate instructions .

DAA

894 , 519
87 , 814
21 , 002

8d

-6 , 265

9c

61 , 645

61,645

ga
9b
10a

10c
12
13
14
15
16
17

Fundraising (from line 44, column (D))

Payments to affiliates (attach schedule)

Excess or (deficit) for the year (subtract line 17 from line 12)

1d
2
3
4
5

6c
7

Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a)
Other revenue (from Part VII, line 103)
Total revenue add lines 1d, 2, 3 4, 5, 6c, 7 8d, 9c, 10c, and 11
Program services (from line 44, column (B))
Management and general (from line 44, column (C))

18

21

SEE

STMT

19

5,898
1,064,613
1,265,902
55,442
161,454

1,482,798
-418,185
1,147,001
45,846
774 , 662

Form 990 (2003) (

VS~

990 (2003)
WAKE EDUCATION PARTNERSHIP
Part I'f
Statement of
All organizations must complete

Form

58-1518182

Page 2

column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations

Functional Ex enses and section 4947 ( a ) 1) nonexempt charitable trusts but o ptional for others See pa ge 22 of the instructions
(B) Program
(C) Management
Do not include amounts reported on line
sb

8b

9b

10b , Of 16 of Part I .

22 Grants and allocations (attach schedule)

(cash

229,040

noncash $

STMT

IA1 Total

23 Specific assistance to individuals

24 Benefits paid to or for members

25
26
27
28
29
30
31
32
33
3a
35
36
37
38
39
40
a1
42
43

n
c
d

Compensation of officers, directors, etc.

Other salaries andwages
Pension plan contributions
Other employee benefits
Payroll taxes
Professional fundraising fees
Accounting tees
Legal fees
supplies
Telephone
Postage and shipping
Occupancy
Equipment rental and maintenance
Printing and publications
Travel
Conferences, conventions, and meetings
interest
Depreciation, depletion, etc. (attach schedule)
Other expenses not covered above (itemize) a

SEE STATEMENT 5

e
44 Total functional expenses (add lines 22 - 43) Organizations

completin g columns B-D,car ry these totals to lines l3-15

Joint Costs . Check 1 u if you are following SOP 98-2 .

services

and general

22

229 , 040

229 , 040

25
26
27
28
29
30
31
32
33
3a
35
36
37
3s
39
40
a1
42
43a

95 , 201
464 , 620

76 1 161
379 , 716

52 , 803
41 , 604

42 , 998
33 , 878

12 , 470

12 , 470

9 , 866
9 , 365
9 , 874
63 , 205
12 , 973
65 , 486
7 , 688
68 , 618
2 , 524
22 , 645

7 , 522
6 , 962
5 , 546
48 , 487
6 169
47 365
5 960
62 f 748
1 , 460
17 , 384

1 , 176
511
185
3 537
5 , 388
330
116
83
729
1 , 270

314,816

282,036

12,699

20,081

1 , 265 , 902 1

55 , 442 1

161 , 454

23
24

a3b
43c

3 , 808
21 , 362

15 , 232
63 , 542

2 , 376
1 , 872

7 , 429
5 , 854

(iii) the amount allocated to Management and general $

44

1 , 482 , 798 1

Grants and allocations

Grants and allocations

Grants and allocations

e Other p ro g ram services attach schedule
Grants and allocations
f Total of Program Service Expenses (should equal line 44, column (B), Program services)
DAA

$
$

X~ No
,

, and (iv) the amount allocated to Fundraising $

Grants and allocations

168
892
143
181
416
791
612
787
335
3 , 991

1 ~ Yes

, (ii) the amount allocated to Program services $

Rardil
Statement of Prog ram Service Accom plishments See p a g e 25 of the instructions .
What is the organization's primary exempt purpose?
1 IMPROVE WAKE COUNTY PUBLIC SCHOOLS
All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number
of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4)
or g anizations and 4947( a )( 1 ) nonexem pt charitable trusts must also enter the amount of rants and allocations to others
a
THE PURPOSE IS TO FACILITATE INNOVATION AND SUPPORT
EDUCATION IMPROVEMENT IN WAKE COUNTY .

1
1,
4,
11 ,
1,
17 ,
1,
5,

1 448

Are any point costs from a combined educational campaign and fundraising solicitation reported m (B) Program services?
If "Yes," enter (i) the aggregate amount of these point costs $

(D) Fundraising

Program Service
Expenses
(Required for 501(c)(3) &
(a) orgs, a asa7(a)(1)
trusts, but optional for
others

229 , 040

1 , 265 , 902

1 ,265,9 02
Form 990 (2003)

W EP
Form 990 (2003)
Part IV
Note :
45
46
47a
b

A
s
s
e
t
s

48a
b
49
50
51a
b
52
53
54
55a
b
56
57a
b
5s

a
i
i

59
60
61
62
63
64a
b
65

WAKE EDUCATION

PARTNERSHIP

58-1518182

Page 3

Balance Sheets (See page 25 of the instructions .)

Where required, attached schedules and amounts within the description
column should be for end-of- year amounts only
Cash-non-interest-bearing
Savings and temporary cash investments
Accounts receivable
Less . allowance for doubtful accounts

(A)
Be innin of ear
28 , 022
73 , 978

47a
47b

48a
125 ,
Pledges receivable
48b
Less . allowance for doubtful accounts
Grants receivable
Receivables from officers, directors, trustees, and key employees
(attach schedule)
Other notes and loans receivable (attach
51a
schedule)
51b
Less : allowance for doubtful accounts
Inventories for sale or use
Prepaid expenses and deferred charges
X~
Investments-securities
SEE STMT 6
1 ~ Cost
Investments-land, buildings, and
equipment- basis
55a
Less : accumulated depreciation (attach
schedule)
55b
Investments-other (attach schedule)
Land, buildings, and equipment: basis
57a
165 ,
Less : accumulated depreciation (attach
schedule)
57b
139 ,
~
other assets (describe t
SEE STM'P 7

.'
47c
238

473 , 531 48c

49

125 , 238

50

Fnnv

51c
52
5 , 267 53
565 , 240 54

703

649 , 980

55c
56

684

Total assets add lines 45 throu g h 58 must eq ual line 74

Accounts payable and accrued expenses
Grants payable
Deferred revenue
Loans from officers, directors, trustees, and key employees (attach
schedule)
Tax-exempt bond liabilities (attach schedule)
SEE WORKSHEET
Mortgages and other notes payable (attach schedule)
Other liabilities (describe 1

45
46

(B)
End of ear
13 , 688
27 , 331

49 , 708 57c
52 , 048 58
1 , 247 , 794
50 , 793

59
60
61
62

63
64a
50,000 64b
65

100 , 7 93
66
Total liabilities add lines 60 throug h 65
Organizations that follow SFAS 117, check here 1 U and complete lines
67 through 69 and lines 73 and 74
266 , 347
unrestricted
e u 68
290 , 757
Temporarily restricted
to
69
Permanently restricted
589 , 897
q
Organizations that do not follow SFAS 117, check here 1 ~ and
s B
complete lines 70 through 74 .
s a 70
Capital stock, trust principal, or current funds
1
71
Paid-in or capital surplus, or land, building, and equipment fund
to
72
Retained earnings, endowment, accumulated income, or other funds
s n
c 73
Total net assets or fund balances (add lines 67 through 69 or lines
e
70 through 72,
rs
1 147 00 1
column (A) must equal line 19, column (B) must equal line 21)
74
Total liabilities and net assets / fund balances (add fines 66 and 73)
f
1 , 2 47, 7941
Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a
particular organization . How the public perceives an organization m such cases may be determined by the information presented
on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's
programs and accomplishments .
DAA

25 , 981
43 , 946
886 164
71 , 502

40 , 00 0

66

111 , 502

67
68
69

-87 , 101
277 , 366
584 , 397

70
71
72

73
74 ~

774

662

886 ,164

W EP

Form 990 2003

Part IV-A
a
b

WAKE EDUCATION PARTNERSHIP

Reconciliation of Revenue per Audited
Financial Statements with Revenue per
Return See page 27 of the instructions.

Total revenue, gains, and other support

per audited financial statements

Amounts included on line a but not on

line 12, Form 990 .
(1) Net unrealized gains on

investments $

(2) Donated services and use

of facilities
$
(3) Recoveries of prior
year grants
a
(4) Other (specify) .

30

Total expenses and losses per

audited financial statements

Amounts included on line a but not

on line 17, Form 990
(1) Donated services and use

of facilities

Line a minus line b

$
Add amounts on lines (1) and (2)
Total revenue per line 12, Form 990

58-1518182
Pa ge 4
Reconciliation of Expenses per Audited
Financial Statements with Expenses per
Return

17

1 , 484

858

'
,

270

1 , 064 1 613 c
d

Add amounts on lines (1) through (4)

Line a minus line b

Amounts included on line 17,

Form 990 but not on line a :
(1) Investment expenses
not included on line
6b, Form 990 E
(2) Other (specify) .

1 064 , 613 1

$
Add amounts on lines (1) and (2)
Total expenses per line 17, Form 990

line c p lus line d

2 , 060

1 , 482 , 798

-?

}x
~

482

List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated ; see page 27 of
the instructions
(B) Title and average
hours per week devoted to
position

I (C) Compensation I (D) Contnb to

(If not paid, enter employee
leferred
-0- .)

compensation

798

I (E) Expense
account and other
allowances

SEE STATEMENT 8

75

Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your
organization and all related organizations, of which more than $10,000 was provided by the related organizations
If "Yes," attach schedule-see page 28 of the instructions .

1 ~ Yes 9 No

Form 990 (2003)

DAA

~;

47 , 906

;~

(A) Name and address

(2) Prior year adjustments

reported on line 20,
Form 990
-15,210
$
(3) Losses reported on line 20,
Form 990
$
(4) Other (specify)

Part V

636

Add amounts on lines (1) through (4)

line c p lus line d

1 , 112 , 519

17 , 270

Amounts included on line 12,

Form 990 but not on line a :
(1) Investment expenses
not included on line
6b, Form 990 $
(2) Other (specify) :

Part IV-B

WEP
WAKE EDUCATION PARTNERSHIP
58-1518182
dorm 99b 2003
Part VI
Other Information See p a g e 28 of the instructions .
76
Did the organization engage in any activity not previously reported to the IRS If "Yes," attach a detailed description of
each activity
77
Were any changes made in the organizing or governing documents but not reported to the IRS
If "Yes," attach a conformed copy of the changes .
78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return?
b If "Yes ;" has it filed a tax return on Form 990-T for this year?
79
Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a
statement
80a Is the organization related (other than by association with a statewide or nationwide organization) through common
membership, governing bodies, trustees, officers, etc ., to any other exempt or nonexempt organization?
WAKE CO . BOARD OF EDUCATION & WAKE C
b If "Yes," enter the name of the organization 1
and check whether d is X exempt or 11 nonexempt
81a Enter direct and indirect political expenditures . See line 81 instructions
81a
b Did the organization file Form 1120-POL for this year?
N/A
82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge
or at substantially less than fair rental values
b If "Yes," you may indicate the value of these items here . Do not include this amount as
SEE STMT 9
17 , 270
revenue in Part I or as an expense in Part II . (See instructions in Part III .)
82b
83a
b
84a
b
85

c
d
e
f
g
h

86
87

b
b

88

89a
b

c
d
90a
b
91
92

DAA

Did the organization comply with the public inspection requirements for returns and exemption applications?
Did the organization comply with the disclosure requirements relating to quid pro quo contributions?
Did the organization solicit any contributions or gifts that were not tax deductible?
If "Yes," did the organization include with every solicitation an express statement that such contributions
or gifts were not tax deductible?
501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization
received a waiver for proxy tax owed for the prior year .
Dues, assessments, and similar amounts from members
85c
Section 162(e) lobbying and political expenditures
85d
Aggregate nondeductible amount of secUon 6033(e)(1)(A) dues notices
85e
Taxable amount of lobbying and political expenditures (line 85d less 85e)
85f
Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its
reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax
year?
501(c)(7) orgs . Enter : a Initiation fees and capital contributions included on brie 12
86a
Gross receipts, included on line 12, for public use of club facilities
86b
501(c)(12) orgs . Enter : a Gross income from members or shareholders
87a
Gross income from other sources . (Do not net amounts due or paid to other
sources against amounts due or received from them .)
87b
At any time during the year, did the organization own a 50% or greater interest m a taxable corporation or
partnership, or an entity disregarded as separate from the organization under Regulations sections
301 .7701-2 and 301 7701-39 If "Yes ;" complete Part IX
501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under
section 4911 1
0 ; section 4912 1
0 , section 4955 1
501(c)(3) and 501(c)(4) orgs . Did the organization engage in any section 4958 excess benefit transaction
during the year or did it become aware of an excess benefit transaction from a prior years If "Yes," attach
a statement explaining each transaction
Enter . Amount of tax imposed on the organization managers or disqualified persons during the year under
sections 4912, 4955, and 4958
Enter' Amount of tax on line 89c, above, reimbursed by the organization
List the states with which a copy of this return is filed
1 NONE
Number of employees employed m the pay period that includes March 12, 2003 (See instructions )
The books are in care of 1 ATOYA BELLAMY
Locatedat 1 706 HILLSBOROUGH ST, RALEIGH, NC
Section 4947(a)(1) nonexempt charitable trusts filing Form 990 m lieu of Form 1041- Check here
and enter the amount of tax-exempt interest received or accrued during the tax year

N/A
N/A
N/A

Yes

Pag e
No

76
77

X
X

78a
78b

79

80a

81b
82a
r~
83a
83b
84a

X
X

84b '
85a
85b

N/A

85

N/A

85h

88

89b

1
1
11
I 90b ~
Telephone no . 1 919-821-7609
ZIP+4 1 27603
1
10- 1 92
Form 990 (2003)

WEP

Form 996 (2003)

WAKE EDUCATION PARTNERSHIP
58-1518182
f Part 1f11 4
Analysis of Income-Producing Activities (See nacre 33 of the instructions .)
Note : Enter gross amounts unless otherwise
indicated
93 Program service revenue'

a
b

Unrelat
(A)
Business code

B
Amount

I
k C
xclusion

Page 6
D
Amount

(E)
Related or

exempt function

87,814

CNTRCT FOR SVCS REIMBURSEMNT

c
d

e
f Medicare/Medicaid payments
g Fees and contracts from government agencies
94 Membership dues and assessments
95 Interest on sarongs and temporary cash investments
96 Dividends and interest from securities
97 Net rental income or (loss) from real estate
a debt-financed property
b not debt-financed property
98 Net rental income or (loss) from personal property
99 Other investment income
100 Gain or (loss) from sales of assets other than inventory
101 Net income or (loss) from special events
102 Gross profit or (loss) from sales of inventory
103 Other revenuea

b -MISCELLANEOUS
c

104
105

d
e

21,002

1
2

-6 , 265
61,645

INCOME

76,382
1111.

Subtotal (add columns (B), (D), and (E))

Total (add line 104, columns (B), (D), and (E))

Palrt Vlll
Line No .

14 I

93,712
170,094

Relationship of Activities to the Accomplishment of Exem pt Purposes See page 34 of the instructions .
Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment

103

MISCELLANEOUS REFUNDS AND REIMBURSEMENTS ARE A NORMAL PART

OF THE ORGANIZATION'S OPERATIONS .
93A
WAKE COUNTY SCHOOL SYSTEM REIMBURSED WAKE EDUCATION
PARTNERSHIP FOR LEADERSHIP ACADEMY DIRECTOR COMPENSATION .
Part IX
Information Re ardin Taxable Subsidiaries and Disregarded Entities See page 34 of the
A
C
Name, address, and EIN of corporation,
Percentage of
Nature of activities
Total ~Dcome
partnershi , or disregarded enti ty
ownershi p interest
N/A

Information Re ardin Transfers Associated with Personal Benefit Contracts see p a ge 34 of the it nstruaions
E'k~X
(a)
Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contracts
Yes IXI No
(b)
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
Yes X No

Please
Sign
Here

Under penalties of penury, I declare that I have examined this return, incli
and belief, it is true, orr ct, and comple
eclara on of preparer (other
' Signature of off

Paid
Preparer's
Use Only
DAA

~e / l ~.rt c.~

~ci C~

' T e or not name and title ,

Preparers
Si gnature

Firm's name (o~

if self-emplo)yed),
address. and ZAP + 4

Cy

L~NGDbN & COIblPANY

_V-223 US HIGHWAY 7 0
GARNER,

NC

27529

WEP

Organization Exempt Under Section 501(c)(3)

SCHEdULE A
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service

501(n), or Section 4947(a)(1) Nonexempt Charitable Trust

Supplementary Information-(See separate instructions .)

Employer identification number

58-1518182

WAKE EDUCATION PARTNERSHIP

Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
See page 1 of the instructions. List each one . If there are none enter "None."

(a) Name and address of each employee paid more

than $50,000

JOSEPH W .
1825

PEEL,

PHD

FALLS CHURCH ROAD

DAVID LANE

1009 ANDIRON LANE

Total number of other employees paid over

Part II

(b) Title and average hours

per week devoted to position

RALEIGH

RALEIGH

BROWN
1061-103 WI WOOD DRIVE,

$50 , 000

2003

1 MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

Name of the organization

Part I

B No 1545-0047

(Except Private Foundation) and Section 501(e), 501(f), 501(k),

(c) Compensation

DIR-LDR ACAD

112 , 750

40

VP DEVELOPME

NC

40

RALEIG

1 I

40

OF PROGRA I

(d) Contributions to
employee ben plans &
deferred compensation

(e) Expense
account and other
allowances

1 , 466

75 , 000

959

63,2551

1,0931

Compensation of the Five Highest Paid Independent Contractors for Professional Services
See page 2 of the instructions. List each one whether individuals or firms ) . If there are none enter "None ."
(a) Name and address of each independent contractor paid more than $ 50,000

(b) Type of service

(c) Compensation

NONE

Total number of others receiving over $50,000 for

professional services
For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ.

DAA

Schedule A (Form 990 or 990-EZ) 2003

WfiP

A (Form 990 or 990-EZ) 2003 WAKE EDUCATION PARTNERSHIP

Part 111
1

a
b
c
d
e
3a
3b
4

58-1518182

Statements About Activities (See page 2 of the instructions.)

Yes I No

During the year, has the organization attempted to influence national, state, or local legislation, including any
attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid
or incurred in connection with the lobbying activities
1 $
(Must equal amounts on line 38,
Part VI-A, or line i of Part VI-B )
Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other
organizations checking "Yes" must complete Part VI-13 AND attach a statement giving a detailed description of
the lobbying activities
During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any
substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or
with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority
owner, or principal beneficiary? (If the answer to any question is "Yes," attach a detailed statement explaining the
transactions .)
Sale, exchange, or leasing of property
Lending of money or other extension of credit?
Furnishing of goods, services, or facilities?
Payment of compensation (or payment or reimbursement of expiration if more than $1,000)

SEE

PART

V,

Transfer of any part of its income or assets

Do you make grants for scholarships, fellowships, student loans, etc ? (If "Yes," attach an explanation of how
you determine that recipients qualify to receive payments .)
Do you have a section 403(b) annuity plan for your employees?
Did you maintain any separate account for participating donors where donors have the right to provide advice

Part 1V

FORM

SEE

99 0

STMT

10

2a
2b
2c
2d

X
X
X
X

2e

3a

X
X

3b

I X

Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions .)

The organization is not a private foundation because it is : (Please check only ONE applicable box .)
5
A church, convention of churches, or association of churches . Section 170(b)(1)(A)(i)
6
A school . Section 170(b)(1)(A)(n). (Also complete Part V .)
7
A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(m) .
S
A Federal, state, or local government or governmental unit. Section 170(b)(1)(A)(v) .
9
u A medical research organization operated in conjunction with a hospital . Section 170(b)(1)(A)(iu) . Enter the hospital's name, city,

and state 100-

a An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(iv) .
(Also complete the Support Schedule in Part IV-A .)
11a X An organization that normally receives a substantial part of its support from a governmental unit or from the general public .
Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A )
11b B A community trust . Section 170(b)(1)(A)(vi). (Also complete the Support Schedule m Part IV-A.)
12
An organization that normally receives . (1) more than 33 1/3% of its support from contributions, membership fees, and gross
receipts from activities related to its charitable, etc , functions-subject to certain exceptions, and (2) no more than 33 1/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired
by the organization after June 30, 1975 See section 509(a)(2) . (Also complete the Support Schedule in Part IV-A .)
13
An
organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations
n
described in : (1) lines 5 through 12 above ; or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) . (See
10

section 509(a)(3) )

Provide the following information about the supported orqanations (See page 5 of the instructions )
(a) Name(s) of supported organization(s)

14

DAA

(b) Line number

F] An organization organized and operated to test for public safety . Section 509(a)(4) (See page 6 of the instructions )
Schedule A (Form 990 or 990-EZ) 2003

WEP

58-1518182
Schedule A (Form 990 or 990-EZ) 2003 WAKE EDUCATION PARTNERSHIP
=Part IV-A ! Support Schedule (Complete only if you checked a box on line 10, 11, or 12 ) Use cash method of accounting .
Calendar ear or fiscal ear be g innin g in
15
Gifts, grants, and contributions
received . (Do not include unusual

rants Seeline 2s

16

Membershi p fees received

17

Gross receipts from admissions, merchandise

a 2002

b 2001

c 2000

Page 3

d 1999

e Total

1 , 530 , 853

1 1 063 f 061

1 , 466 , 395

915 , 189

5 , 498

63 , 673

65 , 205

53 , 229

57 , 354

239 , 461

27 , 783

32 , 207

53 , 876

49 , 656

163 , 522

sold or services performed, or furnishing of

facilities in any activity that is related to the
18

organization's cnantable,etc, p urpose

Gross income from interest, dividends,

amounts received from payment on securities

loans (section 512(a)(5)), rents, royalties, and

unrelated business taxable income (less
section 511 taxes) from businesses acquired

19

bytneorganization after June so,1s7s

Net income from unrelated business

20

Tax revenues levied for the organization's

activities not included in line 18

benefits and either paid to it or expended on

its behalf
21

22

23
24
25
26

The value of services or facilities furnished to

the organization by a governmental unit
without charge Do not include the value of
services or facilities generally furnished to the
p ublic without charge

Other income Attach a schedule Do not

Ca pi tal = from
~

sale of

STM 11

Total oflines 15throu gh 22

Mme 23 minus line 17
Enter 1 % of pine 23

4 , 695

1 , 62-7 , 004
1 , 563 , 331
16 , 270 1

838

1 1 161 1 ,311
1 , 096 , 106
11 , 613 1

3 , 600

1 1 577 , 100
1 , 523 , 871
15 , 771 1

425

1 1 022 , 624
965 , 270
10 , 226

9 , 558

5 1 388 , 039
5 , 148 , 578

Organizations described on lines 10 or 11 :

a Enter 2% of amount in column (e), line 24
1 26a
102 F 972
b Prepare a list for your records to show the name of and amount contributed by each person (other than a
governmental unit or publicly supported organization) whose total gifts for 1999 through 2002 exceeded the
amount shown in line 26a Do not file this list with your return . Enter the total of all these excess amounts
1 26b
891 , 398
c Total support for section 509(a)(1) test : Enter line 24, column (e)
1 26c
5 148 57 8
d Add : Amounts from column (e) for lines :
18
163,522
19
22
9,558
26b
891,398
t 26d
1 , 064 , 478
e Public support (line 26c minus line 26d total)
1 26e
4 , 084 , 100
f Public support percentage (line 26e (numerator) divided by line 26c (denominator))
1 26f
7 9 . 3248%
27
Organizations described on line 12 :
a For amounts included in lines 15, 16, and 17 that were received from a "disqualified
person ;" prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person ."
N/A
Do not file this list with your return . Enter the sum of such amounts for each year:
(2002)
(2001)
(2000)
(1999)
b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to
show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 .
(Include m the list organizations described m lines 5 through 11, as well as individuals .) Do not file this list with your return . After computing
the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess
amounts) for each year
N/A
(2002)
(2001)
(2000)
(1999)
c Add : Amounts from column (e) for lines :
15
16
17
20
21
1 27c
d Add : Line 27a total
and line 27b total
1 27d
e Public support (line 27c total minus line 27d total)
1 27e
f Total support for section 509(a)(2) test : Enter amount on line 23, column (e)
1 27f
g Public support percentage (line 27e (numerator) divided by line 27f (denominator))
1 27
h Investment income percentage (line 18, column (e) (numerator) divided by line 27f (denominator))
1 ~ 27h
28
Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 1999 through 2002,
prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief
description of the nature of the grant Do not file this list with your return . Do not include these grants in line 15
DaA
Schedule A (Form 990 or 990-EZ) 2003

WEP

58-1518182
Schedule A (Form 990 or 990-EZ) 2003 WAKE EDUCATION PARTNERSHIP
Part V
Private School Questionnaire (See page 7 of the instructions.)
To be com pleted ONLY b schools that checked the box on line 6 in Part IV
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships?
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way

29
30

31

that makes the policy known to all parts of the general community it serves?
If "Yes," please describe, if "No," please explain . (If you need more space, attach a separate statement )

32

Does the organization maintain the following

a Records indicating the racial composition of the student body, faculty, and administrative staff?
b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis
c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships?
d Copies of all material used by the organization or on its behalf to solicit contributions?

Page 4
N/A
29

30

Yes

No

x}"

31

32a
32b
32c
32d

If you answered "No" to any of the above, please explain (If you need more space, attach a separate statement )

Does the organization discriminate by race in any way with respect to :

33

a Students' rights or privileges?

33a

b Admissions policies?

33b

c Employment of faculty or administrative staff?

33c

d Scholarships or other financial assistance

33d

e Educational policies?

33e

Use of facilities?

I 33f

g Athletic programs
h Other extracurricular activities?

I 33h

If you answered "Yes" to any of the above, please explain . (If you need more space, attach a separate statement )

34a

Does the organization receive any financial aid or assistance from a governmental agency?

b Has the organization's right to such aid ever been revoked or suspended?
If you answered "Yes" to either 34a or b, please explain using an attached statement .
35

DAA

Does the organization certify that it has complied with the applicable requirements of sections 4 .01 through 4 05
of Rev . Proc. 75-50 . 1975-2 C B 587 . covenna racial nondiscrimination If "No ." attach an explanation

Schedule A (Form 990 or 900-EZ) 2003

WEP

Schedule A (Form 990 or 990-EZ) 2003 WAKE EDUCATION PARTNERSHIP

58-1518182
Part VI-A
Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .)
Check 1 a

if the organization belongs to an affiliated group

Check 1 b

if you checked "a" and "limited

Limits on Lobb yin g Ex penditures

p

Affiliated group totals

To be (completed
for ALL electing
organizations

The term "expenditures" means amounts aid or incurred

36 Total lobbying expenditures to influence public opinion (grassroots lobbying)

36

37

Total lobbying expenditures to influence a legislative body (direct lobbying)

38

Total lobbying expenditures (add lines 36 and 37)

37

39

Other exempt purpose expenditures

38
39

40 Total exempt purpose expenditures (add lines 38 and 39)

41

Page 5

40

Lobbying nontaxable amount . Enter the amount from the following tableIf the amount on line 40 is-

The lobbying nontaxable amount is-

Not over $500,000

20% of the amount on line 40

Over $500,000 but not over $1,000,000

$100,000 plus 15% of the excess over $500,000

Over $1,000,000 but not over $1,500,000

$175,000 plus 10% of the excess over $1,000,000

Over $1,500,000 but not over $17,000,000

$225,000 plus 5% of the excess over $1,500,000

Over $17,000,000

$1,000,000

41

42 Grassroots nontaxable amount (enter 25% of line 41)

42

43 Subtract line 42 from line 36 . Enter -0- if line 42 is more than line 36

43

44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38

44

Caution: If there is an amount on either line 43 or line 44, you must file Form 4720
1
1
4-Year Averaging Period Under Section 501(h)

u., ,

(Some organizations that made a section 501(h) election do not have to complete all of the five columns below.
Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or

fiscal year beginning in) 1

(a)
2003

(b)
2002

(c)
2001

202,7701

46 Lobbying ceding amount (150% of

48 Grassroots nontaxable amount

49 Grassroots ceding amount (150% of
line 4se

206,2651

(e)
Total

409,035
613,553

~V

50 , 693

50 Grassroots lobb y in g exp enditures

Part VI-B
Lobbying Activity by Nonelecting Public Charities
For re portin g onl y b or g anizations that did not com p lete Part VI-A ) See
During the year, did the organization attempt to influence national, state or local legislation, including any
attempt to influence public opinion on a legislative matter or referendum, through the use of a Volunteers
b Paid staff or management (Include compensation in expenses reported on lines c through h .)
c Media advertisements
d Mailings to members, legislators, or the public
e Publications, or published or broadcast statements
f
Grants to other organizations for lobbying purposes
g Direct contact with legislators, their staffs, government officials, or a legislative body
h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means
i
Total lobbying expenditures (Add fines c through h .)
If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities

DAA

(d)
2000

51 , 566

102 , 259

~ ,

153 , 389

a e 12 of the instructions .
Yes

No

N/A

Amount

Schedule A (Form 990 or 990-EZ) 2003

WEP

'Schedule A (Form 990 or 990-EZ) 2003 WAKE EDUCATION PARTNERSHIP

58-1518182
Part VII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt Organizations (See page 12 of the instructions .)
51

c
d

Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section
501 (c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations
Transfers from the reporting organization to a nonchantable exempt organization of
(i) Cash
51a(! )
(ii) Other assets
a ii
Other transactions :
(i) Sales or exchanges of assets with a noncharitable exempt organization
b ( i)
(ii) Purchases of assets from a nonchantable exempt organization
b( ii )
(iii) Rental of facilities, equipment, or other assets
b( iii )
(iv) Reimbursement arrangements
b( iv)
(v) Loans or loan guarantees
b( v)
(vi) Performance of services or membership or fundraising solicitations
b( vi)
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
I c
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the
goods, other assets, or services given by the reporting organization . If the organization received less than fair market value in any
transaction or sharing arran emert show m column d the value of the g oods, other assets, or services received
(a)

(b)

(c)

Line no

Amount involved

Name of noncharitable exempt organization

Page 6

Yes

No
X
X
X
X
X
X
X
X

(d)

Description of transfers . transactions . and shanna arrangements

N/A

52a

DAA

Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?

1 F1 Yes

No

Schedule A (Form 990 or 990-EZ) 2003

WEP

Mortgages and Other Notes Payable

Forms

990 / 990-PF

For calendar ear 2003, or tax ear be ginnin g

Name

7/OZ/0 3

, and endin

PART

IV

LINE

64B - ADDITIONAL INFORMATION

Name of lender

Relationship to disqualified person

RBC CENTURA HANK

2
3
4
5
6

Employer Identification Number

58-1518182

WAKE EDUCATION PARTNERSHIP

FORM 990

2003

NONRELATED LENDER

8
9

10

*~, . . . .

Original amount
borrowed

>>

50,000

Date of loan

11/25/03

Security provided by borrower

UNSECURED

2
3
4
5
6
7
8

Maturity
date

11/17/04

Repayment terms

ONE YEAR DEMAND NOTE

Interest
rate

4 .000

Purpose of loan
WORKING CAPITAL

10)

Consideration furnished by lender

Totals

Balance due at
end of year

40,000

WF,P

Depreciation and Amortization

4562

Form

OMB No 1545-0172

2003

(Including Information on Listed Property)

Department of the Treasury

Internal Revenue Service

1 See se parate instructions .

1 Attach to our tax return .

WAKE EDUCATION PARTNERSHIP

Name(s) shown on return

Attachment
Sequence No

67

Identifying number
58-1518182

Business or activity to which this form relates

INDIRECT DEPRECIATION
Rart:l~~ ~
Election To Expense Certain Property Under Section 179
Note: If you have an listed propert y, com plete Part V before you com plete Part 1 .

1
2
3
4

Maximum amount . See page 2 of the instructions for a higher limit for certain businesses
Total cost of section 179 property placed in service (see page 2 of the instructions)
Threshold cost of section 179 property before reduction m limitation
Reduction in limitation . Subtract line 3 from line 2 If zero or less, enter -0-

Dollar limitation for tax ear Subtract line 4 from line 1 If zero or less, enter -0- If marned filing separately,
aratel , see page 2 of the instructions
(a) Description of property

(b) Cost (business use only)

1
2
3
4

100 , 000
4 00

000

(c) Elected cost

..

7
Listed property . Enter the amount from line 29
7
8
Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
9
Tentative deduction . Enter the smaller of line 5 or line 8
10
Carryover of disallowed deduction from line 13 of your 2002 Form 4562
11
Business income limitation . Enter the smaller of business income (not less than zero) or line 5 (see instructions)
12
Section 179 expense deduction . Add lines 9 and 10, but do not enter more than line 11
13
Carryover of disallowed deduction to 2004 Add lines 9 and 10, less line 12
1 F13
Note: Do not use Part II or Part III below for listed property Instead, use Part V
4~ Part 11
S pecial De p reciation Allowance and Other Dep reciation Do not include listed prop
14
Special depreciation allowance for qualified prop (other than listed prop ) placed in service during the tax year (see pg 3 of the instr )
15
Property subject to section 168(f)(1) election (see page 4 of the instructions)

8
9
10
11
12
Tr
Y. )
14
15

16 Other depreciation (including ACRS) (see page 4 of the instructions)

~ 16 ~
Part III
MACRS Depreciation (Do not include listed property .) (See page 4 of the instructions .)

22 , 645

Section A
MACRS deductions for assets placed in service m tax years beginning before 2003
If you are electing under section 168(1)(4) to group any assets placed in service during the tax

17
18

Section B-Assets Placed in Service Durin

(a) Classification of property

b
c

2i

Residential rental

Nonresidential real

(b) Month and

year placed in
service

2003 Tax

(c) Basis for deprecia

(business/investment
nnlv-eee mefnir.Tinr

n the General De re<

Recovery
period

(e) Convention

(f) Method

I (g) Depreciation deduction

d 11

27 5 rs
27 5 rs
39 rs
Section C-Assets Placed in Service

Part IV

21
22

Summa

MM

S/L
S/L
S/L

2003 Tax Year Usina the Alternative D

12

MM
MM
MM

S/L

see page 6 of the instructions

Listed property . Enter amount from line 28

21
Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21 .
Enter here and on the appropriate lines of your return Partnerships and S corporations-see instr
22
23
For assets shown above and placed m service during the current year,
enter the p ortion of the basis attributable to section 263A costs
23
For Paperwork Reduction Act Notice, see separate instructions .
THERE ARE NO AMOUNTS FOR
oa,a,

22

1,

645

Form 4562 (2003)

PAGE 2

WEP Wake Education Partnership

58-1518182
FYE: 6/30/2004

Federal Statements

Statement 1 - Form 990, Part I, Line 8c - Sale of Assets Other Than Inventory - Securities
Desc

How
Recd
PUBLICLY TRADED SECURITIES

Whom
Sold

Date
Acquired

Date
Sold

TOTAL

Sale
Price

Cost &
Expense

Gain/
-Loss

Deprec

384,531

389,721 $

384,531

389,721 $

$
0

-5,190

$ --5,190

Statement 2 - Form 990, Part I, Line 8c - Sale of Assets Other Than Inventory - Othe r
Desc

DELL SERVER

How
Recd

PURCHASE
DELL BACKUP EXEC
PURCHASE
RICOH COPIER
PURCHASE
DIGITAL CAMERA
PURCHASE
TOTAL

Whom
Sold

Date
Acquired

Date
Sold

Sale
Price

Cost &
Expense

8/20/97

1/01/04

8/20/97

1/01/04

503

503

11/25/96

1/01/04

8,595

7,520

5/03/99

1/01/04

620

620

7,312

17,030

Gain/
-Loss

Deprec
$

7,312

15,955

-1,075

-1,075

1-2

Wake Education Partnership.

EIN 58-1518182

FYE June 30, 2004

Kenan Fellows 8000-470

AThompson 032
2,50000
BWood 032

2,50000

CWoody 032

2,50000

DDuBay 032

2,50000

ESuber 032

2,50000

HHill 032

2,50000

JBailey 032

2,50000

JSchuet032

2,50000

RSenzig 032
SGregory 032
SHirsch 032

2,50000
2,50000
2,50000

HHanra 032

JThib 032

SWmzler 032

2,50000

2,50000

2,50000

TVoreis

2,50000

Beichner 0903

2,50000

DeJ 0903

2,50000

Franzen 0903

1,25000

Brown 0903
Bruck 0903
Carter 0903

DRichter 0903

2,50000
2,50000
2,50000

1,25000

Grable 0903
Haefner 0903
JPemck 0903

1,25000
2,50000
1,25000

Peterson 0903

2,50000

Pimm 0903
Risley 0903

1,25000
2,50000

Shane 0903

2,50000

Stem 0903

2,50000

Oliver 0903

Stubbs 0903

1,25000

1,25000

Pieces of Gold 8000-500

Martin Middle School

10000

Hilbum Elementary

10000

Ballentme Elementary
Middle Creek

10000

Northwoocds Elementary

10000
10000

Dillard Drive Middle

10000

Lacy Elementary

Conn Elementary

Southeast Raleigh High

Pleasant union elementary

Wake Forest-rolesville

Powell Elementary

Fuquay-vanna elementary
Enloe High

Joyner Elementary
Ligon Middle
Yates Mill Elementary
Bnarcliff elementary
Fuquay-vanna Middle

Farmmton Woods Elementary

Totals

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

71,250 00

Wake Education Partnership .

EIN 58-1518182

FYE June 30, 2004

Carroll Middle
Fuller Elementary
Combs Elementary

10000
10000

Daniels Middle
Wendell Elementary
Broughton High

10000
10000
10000

Totals

Washington Elementary

10000
10000

Gift Certificate

58000

3,28000

Jenrette # 18000-710
Barbara Nuhols
5,00000

5,00000

Jewell 8000-700

Lori Dumame
John Pntchett

2,50000
2,50000

5,00000

Challenge 5000-401
Vance Elementary
50000
Project Enlightment
20000
Baileywick Elementary
10000

Middle Creek Elementary

North Ridge Elementary
Green Year Around

70000
20000
10000

East Wake Middle School

Wakefield Elementary

25000
10000
1,10000

Southeast Raleigh High

East Wake High School

15000
1,50000
50000

04 FFT#2
04 FFT#2

2,49882
2,337 18

Apex Middle
Cary Elementary

Middle Creek High

West Millbrook Middle

Garner High School

l st place grant for the parent
2nd Place Grant for the Parent
3rd Place Grant for the Parent

90000

35000

MSA Cohorts 5000-453

CC 0803 8/12/03
DC 0803 8/12/03
DE 0803 8/12/03

35000
50000
30000
20000

12,836 00
WLA 03 Summer
WLA 03 Summer
WLA 03 Summer

16405
16405
16405

JC 0803 8/12/03
JCurrent 0803 8/12/03

WLA 03 Summer
WLA 03 Summer
WLA 03 Summer

16405
16405
16405

KB 0803 8/12/03
LR 0803 8/12/03

WLA 03 Summer
WLA 03 Summer

16405
16405
16405

WLA 03 Summer
WLA 03 Summer

16405
16405
16405

DR 0803 8/12/03
EP 0803 8/12/03
FR 0803 8/12/03

JR 0803 8/12/03
JRossenber 0803 8/12/03

MK 0803 8/12/03
NA 0803 8/12/03
SL 0803 8/12/03
TB 0803 8/12/03

TP 0803 8/12/03
TS 0803 8/12/03
Fall 2003 #1 2/2/04

Fall 2003 #10 2/2/04

Fall 2003 #112/2/04

WLA 03 Summer
WLA 03 Summer

WLA 03 Summer
WLA 03 Summer

WLA 03 Summer
WLA 03 Summer

WLA 03 Summer
WLA 03 Summer
WLA Fa112003
WLA Fa112003
WLA Fa112003

16405
16405

16405

16405

16405
16405

59868
59868
59868

Wake Education Partnership .

EIN 58-1518182

FYE June 30, 2004

Totals
Fall 2003 #12 212104
Fall 2003 #13 2/2/04
Fall 2003 #14 2/2/04
Fall 2003 #15 2/2/04
Fall 2003 #16 2/2/04
Fall 2003 #17 2/2/04
Fall 2003 # 18 2/2/04
Fall 2003 #19 2/2/04
Fall 2003 #2 2/2/04
Fall 2003 #20 2/2/04
Fall 2003 #21 2/2/04
Fall 2003 #22 2/2/04
fall 2003 #23 2/2/04
fall 2003 #24 2/2/04

fall 2003 #25 2/2/04

Fall 2003 #26 2/2/04
Fall 2003 #27 2/2/04
Fall 2003 #28 2/2/04
Fall 2003 #29 2/2/04

Fall 2003 #3 2/2/04

Fall 2003 #30 2/2/04
Fall 2003 #312/2/04
Fall 2003 #32 2/2/04
Fall 2003 #33 2/2/04

fall
Fall
fall
Fall
Fall
Fall

2003 #4 2/2/04
2003 #5 2/2/04
2003 #6 2/2/04
2003 #7 2/2/04
2003 #8 2/2/04
2003 #9 2/2/04

AK0604 6/17/04
CC0504 6/17/04
CJ0504 6/17/04
DC0604 6117/04
DE0604 6/17/04
DR0604 6/17/04

EP0604 6/17/04
FR0604 6/17/04
GW0604 6/17/04

WLA Fa112003
WLA Fa112003
WLA Fa112003

59869
59868
59868

WLA Fa112003
WLA Fa112003

59868
59868
59868

WLA Fa112003
WLA Fa112003

59868

WLA Fa112003
WLA Fa112003

59868
59868

WLA Fa112003
WLA Fa112003

59968
59868
59868

WLA Fa112003
WLA Fa112003
WLA Fa112003

59868
59868
59868

WLA Fa112003
WLA Fa112003
WLA Fa112003

WLA Fa112003
WLA Fa112003

WLA Fa112003
WLA Fa112003
WLA Fa112003
WLA Fa112003
WLA Fa112003

59868
59868

59868
59868

59868
59868
59868
59968

WLA Fa112003
WLA Fa112003

59868
59868
59868

WLA Fa112003
WLA Fa112003

59868
59868
59868

WLA Fa112003
WLA Fa112003

MSA Cohorts-Central
MSA CohortsMSA Cohorts-Jackie
MSA Cohorts-Douglas
MSA Cohorts-Debbie
MSA Cohorts-West Cary
MSA Cohorts-Elwood
MSA Cohorts-Central
MSA Cohorts-Green

59868

59850
59850
59850
59850

59850
59850
59850
59850
59850

JC0604 6/17/04
JM0604 6/17/04

MSA Cohorts-West Lake

MSA Cohorts-York ES

59850
59850

JR060404 6/17/04
KA0604 6/17/04
KB0604 6117/04

MSA Cohorts-Highcroft
MSA Cohorts-East
MSA Cohorts-Southeast
MSA Cohorts-Wakefield
MSA Cohorts-On Loan
MSA Cohorts-Badges
MSA Cohorts-Lara

59850
59850
59850

JR0604 6/17/04

KG0604 6/17/04
KH0604 6/17/04
KS0604 6/17/04
LF0604 6/17/04

LR0604 6/17/04
MD0604 6/17/04
MK0604 6/17/04
MM0604 6/17/04
MS0604 6/17/04
NA0504 6/17/04
PT0604 6/17/04
SL0604 6/17/04

SM0604 6/17/04
TB0604 6/17/04
TJ0604 6/17/04

MSA Cohorts-Reedy

MSA CohortsMSA Cohorts-Lincoln

MSA Cohorts-Mark

MSA Cohorts-Blairclift
MSA Cohorts-Timber
MSA Cohorts East Wake

MSA Cohorts-East

59850

59850
59850
59850
59850
59850
59850
59950
59850
59850
59850

MSA Cohorts-Enloe HS

59850
59850

MSA Cohorts-Smith ES

59850
59850

MSA Cohorts-Wakefield
MSA Cohorts-Garner HS

59850

Wake Education Partnership.

EIN 58-1518182

FYE June 30, 2004

TP0604 6/17/04
TR0604 6/17/04
TWS0604 6/17/04
Susan Ellis Roberts 8000 .793

MSA Cohorts-Carroll HS
MSA Cohorts-Brassfield
MSA Cohorts-

A KLngenmaier
K Klemm

3,00000
3,00000

Technology 4000-410
Cary Acadmeny

10,000 00

Tobe Banner
Nancy

Food for Thought

Tell Me a Tale
Wastebusters
Magical Readers

59850
59850
59850

Brooks
Fox Road

22,056 00

2,48700
74000

Together We Can
The Student Press
Every Step Counts

Creech Road
Davis Drive

2,35065
2,281 79
75000

The Coalition for Teaching

Elmmating the Screen

Apex
Stough

1,63200
2,40000

Our Eggstraordinary
Critical Thinking

Holly Springs
York

1,76550
92494

Closing the Comm Gap

Girl Power

W Lake M S
W Millwood M S

Amazing April
ESL
Opening Windows

Durant Road, M S
Durant Road, M S
Ligon

Take Home Backpacks

Kids Walk

Holly Springs
Brooks

2,50000
2,48932
1,64646

Broughton

2,50000
2,38075

Simply de Vine
Picture Perfect Cooking

Dillard Dr
Ballentme
Creech Road

Discipline, A Team
Minds-On-Math

Partnership
Yates Mill

No Parent Left Behind

Brining History to Life
The Econ Of Chemistry

Continuing Measures
Teacher R & R

Books at Home
Searching & Achieving

Hope Academy
Monitors Do A Body
Contiuously Leaping
WebAssign

Olive Chapel
Kntghtdale
E Wake H S

Carroll
Ligon

York
Olive Chapel

Green Hope H S
W Cary M S
Longview

Unexplained Difference
Grand Total

42,459 84

6,00000

5600
12,000 00

Dillard Dr Elem

Totals

2,49500
2,15836
1,35224

1,00000
2,33700

2,49763
2,190 03

2,30585
2,50000

2,50000
75000
75000
1,200 00
2,11000

96750
2,231 50

2,50000
2,50000

61,193 52
(3500)
$ 229,04036

1NE.P Wake Education Partnership

58-1518182
FYE : 6/30/2004

Federal Statements

Statement 5 - Form 990, Part II, Line 43 - Other Functional Expenses

Description
EXPENSES
COMMUNITY SERVICES
EVENT AND PROGRAM SUPPLIES
OTHER PROFESSIONAL FEES
DUES AND SUBSCRIPTIONS
MISCELLANEOUS
TOTAL

Total
Expenses

Program
Service

509
42,775
260,205
7,553
3,774
$

314,816

Mgt &
General
509
1,858
8,112
775
1,445

38,454
236,395
5,031
2,156
$

282,036

12,699

FundRaising

2,463
15,698
1,747
173
$

20,081

Statement 6 - Form 990. Part IV, Line 54 -Investments in Securities

Beginning
of Year

Description

US AND STATE GOVERNMENT

COMMON STOCKS
U .S . TREASURY BONDS
CORPORATE STOCK
EXCELSIOR ST GOVT SEC FUND
EXCELSIOR MID CAP VALUE
EXCELSIOR BLENDED EQUITY
EXCELSIOR LARGE CAP GROW

End of
Year

239,880
325,360

103,219
285,606

85,545
140,466
35,144
565,240

Basis of
Valuation
MARKET
MARKET
MARKET
MARKET
MARKET
MARKET

649,980

Statement 7 - Form 990, Part IV, Line 58 - Other Assets

Description
INTEREST RECEIVABLE
OTHER RECEIVABLES
LEADERSHIP ACADEMY - HELD ASSETS
TOTAL

$
$

Beginning
of Year

4,120

52,048

7,954
39,974

End of
Year

1,308
2,663
39,975
43,946

5-7

WEP Wake Education Partnership

58-1518182
FYE : 6/30/2004

Federal Statements

Statement 8 - Form 990, Part V - List of Officers, Directors, Trustees, and Key Employee s

Comp
NANCY ANDREWS
KENNETH BLACK
W .E .
I

BLACKBURN

JOHN BOLING
ROBERT BRANCH

',

E . GORDON BROWN,
LUTHER CHERRY

I
I

I
I

Name
Benefits

Expenses

4,452

0
0

JR .

A . MARTY CLAYTON
0
ROBIN COSTELLO
0
MARTYE EARP
0
SOFIA FRANKOWSKI
0
MICHAEL GALLAGHER
0
LYNNE GARRISON
BENJAMIN GOLDSTEIN
0
M . ANTHONY HABIT
31,570
ROBERT HATLEY
0
STEPHEN JONES
0
JEFFREY LEE
0

Title

Average
Hrs
Address

BOARD MEMBER ASR

3412 LANDOR ROAD
BOARD MEMBER ASR
PO BOX 27131
BOARD MEMBER ASR
2516 ASHLEY COURT
BOARD MEMBER ASR
SAS CAMPUS DRIVE
BOARD MEMBER ASR
1005 HIGH HOUSE ROAD
BOARD MEMBER ASR
PO BOX 13010 MS :D16-02-0E2
BOARD MEMBER ASR
3600 WAKE FOREST ROAD
BOARD MEMBER ASR
3000 SPRING FOREST ROAD
BOARD MEMBER ASR
9308 HOMETOWN DRIVE
BOARD MEMBER ASR
1122 OBERLIN ROAD
BOARD MEMBER ASR
2600 ROCK QUARRY ROAD
BOARD MEMBER ASR
1135 KILDAIRE FARM, SUITE 110
BOARD MEMBER ASR
PO BOX 2291
BOARD MEMBER ASR
PO BOX 33068
PREV . PRESID 40
706 HILLSBOROUGH ST, SUITE A
BOARD MEMBER ASR
3605 GLENWOOD AVENUE
BOARD MEMBER ASR
4006 E . CHAPEL HILL-NELSON HWY
BOARD MEMBER ASR
1 HANNOVER SQUARE, STE 201

City, State, Zip

RALEIGH NC 27609
RALEIGH NC 27611
RALEIGH NC 27607
CARY NC 27513
GARY NC 27511
RESEARCH TRIANGLE PARK NC 27709
RALEIGH NC 27611
RALEIGH NC 27616
RALEIGH NC 27615
RALEIGH NC 27605
RALEIGH NC 27603
CARY NC 27511
DURHAM NC 27702
RALEIGH NC 27636
RALEIGH NC 27603
RALEIGH NC 27612
RESEARCH TRIANGLE PARK NC 27709
RALEIGH NC 27601

WEP Wake Education Partnership

58-1518182
FYE: 6/30/2004

Federal Statements

Statement 8 - Form 990, Part V - List of Officers . Directors, Trustees, and Key Employees
(continued)

Comp
DEBORAH LUCAS
JOHN MABE,

JR .

ROD MALONE
JOHN MCKINNEY
WILLIAM MCNEAL
JAMES OBLINGER
GARY PARK
VIRGINIA PARKER
SUSAN PARRY
NICOLE PRIDE
ALVIN RAGLAND
JOHN RIGSBEE
ANN ROLLINS
CHARLES ROYAL
HAYDEN SILVER,
JOSEPH SPRINGER
JENNIFER TERRY

Name
Benefits

Expenses

0
III
0

Title

Average
Hrs
Address

BOARD MEMBER ASR

5 MOORE DRIVE, B4144
BOARD MEMBER ASR
PO DRAWER 19764
BOARD MEMBER ASR
PO BOX 1151
BOARD MEMBER ASR
128 WEST HARGETT STREET
BOARD MEMBER ASR
3600 WAKE FOREST ROAD
BOARD MEMBER ASR
109 HOLLADAY HALL, BOX 7101
BOARD MEMBER ASR
4420 LAKE BOONE TRAIL
BOARD MEMBER ASR
1205 INLET PLACE
BOARD MEMBER ASR
711 MCCULLOCH STREET
BOARD MEMBER ASR
PO BOX 12195
BOARD MEMBER ASR
PO BOX 13969
BOARD MEMBER ASR
104-B FOUNTAIN BROOK CIRCLE
BOARD MEMBER ASR
2543 WAKE DRIVE
BOARD MEMBER ASR
PO BOX 3008
BOARD MEMBER ASR
3737 GLENWOOD AVENUE, STE 400
BOARD MEMBER ASR
1554 MAIL SERVICE CENTER
BOARD MEMBER ASR
4300 GLENWOOD AVENUE

City, State, Zip

RESEARCH TRIANGLE PARK NC 27709
RALEIGH NC 27619
RALEIGH NC 27601
RALEIGH NC 27601
RALEIGH NC 27611
RALEIGH NC 27526
RALEIGH NC 27607
RALEIGH NC 27615
RALEIGH NC 27603
RESEARCH TRIANGLE PARK NC 27709
RESEARCH TRIANGLE PARK NC 27709
GARY NC 27511
RALEIGH NC 27608
RALEIGH NC 27602
RALEIGH NC 27612
RALEIGH NC 27699
RALEIGH NC 27612

WEP Wake Education Partnership

58-1518182
FYE: 6/30/2004

Federal Statements

Statement 8 - Form 990, Part V - List of Officers, Directors, Trustees, and Key Employees
(continued)

Comp

Name
Benefits

RICHARD URQUHART
0
ELIZABETH WEIDLE
0
J . BLOUNT WILLIAMS
0
MARCO ZARATE
0
WILLIAM ATKINSON
0
ROBERT BRIDGES
0
TIM CLANCY
0
JACK CLAYTON
0
DICK DAUGHERTY
0
THOMAS ESQUEDA
0
BARRY EVELAND
0
DUDLEY FLOOD
0
ANN GOODNIGHT
0
WILLIAM GRAHAM
0
MAUREEN HARTFORD
0
R . HORACE JOHNSON
0
RODDY JONES
0

Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Title

Average
Hrs
Address

BOARD MEMBER ASR

0 5151-300 GLENWOOD AVENUE
BOARD MEMBER ASR
0 106 MARQUETTE DRIVE
BOARD MEMBER ASR
0 PO BOAR 591
BOARD MEMBER ASR
0 PO BOX 1557
BOARD MEMBER ASR
0 3000 NEW BERN AVENUE
BOARD MEMBER ASR
0 2212 CANDY FLOWER PLACE
BOARD MEMBER ASR
0 PO BOX 27608
BOARD MEMBER ASR
0 PO BOX 27886
BOARD MEMBER ASR
0 1616 HUNTING RIDGE ROAD
BOARD MEMBER ASR
0 5400 GLENWOOD AVENUE, STE 300
BOARD MEMBER ASR
0 PO BOX 12195
BOARD MEMBER ASR
0 1408 GRIFFIN CIRCLE
BOARD MEMBER ASR
0 900 APPLETREE LANE
BOARD MEMBER ASR
0 PO BOX 109
BOARD MEMBER ASR
0 3800 HILLSBOROUGH STREET
BOARD MEMBER ASR
0 3317 LANDOR ROAD
BOARD MEMBER ASR
0 3101 INDUSTRIAL DRIVE, STE 200

Citv . State . Zio

RALEIGH NC 27612
GARY NC 27513
RALEIGH NC 27602
APEX NC 27502
RALEIGH NC 27610
RALEIGH NC 27610
RALEIGH NC 27603
RALEIGH NC 27611
RALEIGH NC 27615
RALEIGH NC 27612
RALEIGH NC 27709
RALEIGH NC 27610
CARY NC 27513
RALEIGH NC 27602
RALEIGH NC 27606
RALEIGH NC 27609
RALEIGH NC 27609

WEP Wake Education Partnership

58-1518182
FYE: 6/30/2004

Federal Statements

Statement 8 - Form 990, Part V - List of Officers, Directors, Trustees, and Key Employees
(continued)
Name

Comp
Benefits
SENATOR VERNON MALONE
JAMES MAYNARD

0
JR .
0
DR . CLARENCE NEWSOME
0
MICHAEL PATTERSON
0
HILDA PINNIX-RAGLAND
0
ORAGE QUARLES
0
KENNETH REECE
0
HARVEY SCHMITT
0
WADE SMITH
0
GEORGE TEAGUE
0
G . SMEADES YORK
0
LEE YOUNGBLOOD
0
WALT SHERLIN
63,631
RALPH MULLINS,

Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Title

Average
Hrs

Address
BOARD MEMBER ASR

0 300-E LEGISLATIVE BLDG

BOARD MEMBER ASR
0 PO BOX 29502
BOARD MEMBER ASR
0 4900 FALLS OF NEUSE ROAD,STE 200
BOARD MEMBER ASR
0 118 EAST SOUTH STREET
BOARD MEMBER ASR
0 405 LAKE BOONE TRAIL
BOARD MEMBER ASR
0 1020 W . CHATHAM STREET
BOARD MEMBER ASR
0 PO BOX 191
BOARD MEMBER ASR
0
BOARD MEMBER ASR
0 800 SALISBURY STREET
BOARD MEMBER ASR
0 209 FAYETTEVILLE STREET MALL
BOARD MEMBER ASR
0 4140 PARKLAKE AVENUE, SUITE 200
BOARD MEMBER ASR
0 PO BOX 10007
BOARD MEMBER ASR
0 PO BOX 27961
PRESIDENT
40
0 415 FORSYTH STREET

City, State, Zip

RALEIGH NC 27601
RALEIGH NC 27612
RALEIGH NC 27609
RALEIGH NC 27601
RALEIGH NC 27612
GARY NC 27511
RALEIGH NC 27602
RALEIGH NC
RALEIGH NC 27601
RALEIGH NC 27602
RALEIGH NC 27612
RALEIGH NC 27605
RALEIGH NC 27601
RALEIGH NC 27609

W EP Wake Education Partnership

58-1518182
FYE : 6/30/2004

Federal Statements

Statement 9 - Form 990, Part VI, Line 82b - Donated Service s

Description

RENT AND SERVICES

TOTAL

Amount
17,270

17,270

Statement 10 - Schedule A, Part III, Line 4b - Explanation of Grant / Loan Qualification s

GENERALLY, THE WAKE EDUCATION PARTNERSHIP MAKES GRANTS TO TEACHERS, MEMBERS
AND STUDENTS .
RECIPIENTS FOR BOTH SCHOLARSHIPS & TEACHER GRANTS ARE CHOSEN
THROUGH A SCREENING PROCESS .
THE SCREENING BOARDS ARE MADE UP OF MEMBERS
OF WAKE EDUCATION PARTNERSHIP, MEMBERS OF THE SCHOOL SYSTEM, AND MEMBERS
OF VARIOUS COMMUNITY ORGANIZATIONS .
APPLICATIONS AND NOMINATIONS ARE
SOLICITED FROM THE SCHOOLS IN THE WAKE COUNTY SCHOOL SYSTEM, AND THE
RECIPIENT IS SCREENED FROM ALL THOSE NOMINATED .

Statement 11 - Schedule A, Part IV-A, Line 22 - Other Income

MISCELLANEOUS
TOTAL

Description

2002
4,695

4,695

2001

838

2000
3,600

838

3,600

1999
$

425

425

9-11

WEP

Form

Special Events Schedule

990

beamnina

Name

7/01/03

Gross receipts
Less contributions
Gross revenue
Less direct expenses
Net income (joss)

Description :

48 , 447
0
48 , 447
0
48 , 447

2003

Employer Identification Number

58-1518182

WAKE EDUCATION PARTNERSHIP

(A)

6/30/04

(B)
6,195
0
6,195
0
6,195

(A)

PIECES OF GOLD TICKET SALES

(B)

T-SHIRT SALES

(C)

VIDEOTAPES

Others

FLOWER SALES
MESSAGES
OTHER ACTIVITIES

(C)

Others

4 , 810

2,193

4 , 810
0
4 , 810

2,193
0
2,193

Total
61,645
0
61,645
61,645

Wr-, "

Form

Application for Extension of Time To File an

Exempt Organization Return

8063

(December' 2000)
Department of the Treasury

OMB No 1545-7709

Internal Revenue Service

" File a separate application for each return

1
If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box

If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form).
Note : Do not complete Part 11 unless you have already been granted an automatic 3-month extension on a previously filed
Form 8868 .

Part I

Automatic 3-Month Extension of Time- Only submit original (no copies needed)

.0

Note : Form 990-T corporations requesting an automatic 6-month extension-check this box and complete Part I only

All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax

returns Partnershi ps, REMICs and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041
Type or
print
File by the
due dale for
filing your
return See
instructions

Name of Exempt Organization

Employer identification number

WAKE EDUCATION PARTNERSHIP

58-1518182

Number, street, and room or suite no If a P .O box, see instructions

706 HILLSBOROUGH

STREET

City, town or post office, state, and ZIP code. For a foreign address, see instructions
RALEIGH
NC 27603

Check type of return to be filed (file a separate application for each return):

Form 990

Form 990-T (corporation)

Form 990-BL

Form 4720

Form 990-T (sec. 401(a) or 408(a) trust)

f J Form 990-EZ

Form 5227

Form 990-T (trust other than above)

n Form 990-PF

Form 6069

Form 1041-A

Form 8870

If the organization does not have an office or place of business in the United States, check this box
If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN)

for the whole group, check this box

1 a

If d is for part of the group, check this box

1 a and attach a list with the

names and EINs of all members the extension will cover

1

I request an automatic 3-month (6-month, for 990-T corporation) extension of time until

2/15/05

If this is

to file the exempt organization return for the organization named above. The extension is for the organization's return for
calendar year

1 ~ tax year beginning

or

- 7/01/03 ,and ending _ 6/30/04

If this tax year is for less than 12 months, check reason :

3a

If this application is for Form 990-BL . 990-PF, 990-T, 4720, or 6069, enter we tentative tax, less any

b
c

11

Initial return

11

Final return

a Change in accounting period

nonrefundable credits See instructions

made . Include any prior year overpayment allowed as a credit

with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) See
instructions

If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments
Balance Due . Subtract line 3b from line 3a . Include your payment with this form, or, if required, deposit

Signature and Verification

Under penalties of penury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my
knowledge and belief, is true, correct, and complet and that I am authorized to prepare this form

~---

Si natule
For PaperJbrfc Reduction Act'Notice, sWlnstruction

DAA

Date

1 10/29/0 4
Form 8868 (12-2000)