Seaside School Foundation Inc
- Assets
- $6.2m
- Revenue
- $887.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Santa Rosa Beach, FL
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-1979343
Organization Overview
Seaside School Foundation Inc is located in Santa Rosa Beach, FL. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seaside School Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Seaside School Foundation Inc generated $887.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $553.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND CARRY OUT THE CHARITABLE FUNCTIONS OF THE SEASIDE SCHOOL INC., BY PROVIDING FINANCIAL SUPPORT AND OTHER AID TO THE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEASIDE SCHOOL FOUNDATION MADE EDUCATIONAL GRANTS TO THE SEASIDE SCHOOL INC., A HIGH PERFORMING FLORIDA CHARTER SCHOOL, TO ENHANCE THE QUALITY OF THE PUBLIC EDUCATION IN WALTON COUNTY, FL. THESE GRANTS FUNDED ADDITIONAL STAFF FOR ELECTIVE CLASSES, ONE ADDITIONAL MATH CLASS, AND HELPED TO REDUCE CLASS SIZE. THESE GRANTS ALSO PURCHASED TECHNOLOGY FOR STUDENTS AND FACULTY USE TO ENHANCE THE CURRICULUM AND LEARNING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Horton Executive Director | Officer | 40 | $102,250 |
Patrick Mccarthy President | OfficerTrustee | 2 | $0 |
Dave Rauschkolb Vice President | OfficerTrustee | 2 | $0 |
Suzanne Watson Secretary | OfficerTrustee | 2 | $0 |
Josh Trapp Treasurer | OfficerTrustee | 2 | $0 |
Jason Beer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $775,937 |
| Related organizations | $0 |
| Government grants | $20,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $299,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,770 |
| Total Program Service Revenue | $0 |
| Investment income | $25,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,988 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,110 |
| Advertising and promotion | $0 |
| Office expenses | $21,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,752 |
| Insurance | $46,697 |
| All other expenses | $0 |
| Total functional expenses | $553,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,342 |
| Savings and temporary cash investments | $1,372,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,717 |
| Net Land, buildings, and equipment | $3,284,412 |
| Investments—publicly traded securities | $148,394 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $85,715 |
| Other assets | $998,806 |
| Total assets | $6,200,763 |
| Accounts payable and accrued expenses | $26,014 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,068,011 |
| Total liabilities | $1,094,025 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,284,412 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,822,326 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,200,763 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seaside School Foundation Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
The St Joe Community Foundation Inc Panama City Beach, FL PURPOSE: EDUCATION | $15,000 |
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $10,000 |
Alys Foundation Inc Alys Beach, FL PURPOSE: SUPPORT OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |