Education Foundation Of Sarasota Co Unty Inc is located in Sarasota, FL. The organization was established in 1984. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Education Foundation Of Sarasota Co Unty Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of Sarasota Co Unty 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, Education Foundation Of Sarasota Co Unty Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Education Foundation Of Sarasota Co Unty Inc has awarded 29 individual grants totaling $1,381,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE POTENTIAL OF STUDENTS, PROMOTE EXCELLENCE IN TEACHING,AND INSPIRE INNOVATION IN EDUCATION, GUIDED BY STRATEGIC PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUCCESS PROGRAM: TO HELP EACH AND EVERY STUDENT GRADUATE HIGH SCHOOL PREPARED TO THRIVE IN A FAST-CHANGING, 21ST-CENTURY, GLOBAL ECONOMY, THE EDUCATION FOUNDATION OF SARASOTA COUNTY LAUNCHED ITS COLLEGE, CAREER, AND LIFE READINESS (CCLR) INITIATIVE IN 2016. THE INITIATIVE SEEKS TO PROVIDE PROVEN, COMPREHENSIVE SUPPORT TO STUDENTS WHO NEED IT MOST AND TO INSTILL IN THEM A MINDSET OF READINESS. WE DEVELOP AND STAFF STUDENT SUCCESS CENTERS WHERE STUDENTS WORK ONE-ON-ONE WITH OUR TRUSTED, EXPERT STUDENT SUCCESS COACHES TO PLAN AND PREPARE FOR COLLEGE, CAREER, AND LIFE. AT THESE CENTERS AND AT LAUNCHPAD4U, OUR COMMUNITY RESOURCE CENTER, STUDENTS CAN ACCESS TECHNOLOGY, WORKSHOPS, OPEN HOUSES, AND COLLEGE AND CAREER FAIRS. WE PROVIDE MENTORING FOR AT-RISK AND FIRST-GENERATION COLLEGE STUDENTS, AND OUR MENTORS SUPPORT THEIR MENTEES THROUGH THE COMPLETION OF A COLLEGE DEGREE OR HIGH-VALUE CERTIFICATION. WE HELP STUDENTS FUND THEIR EDUCATION THROUGH SCHOLARSHIPS SUCH AS JUMPSTART YOUR FUTURE!, WHICH COVER LOW-INCOME STUDENTS' TUITION FOR A YEAR AT THE FLORIDA STATE COLLEGE TUITION RATE. WE ALSO CELEBRATE REMARKABLE STUDENTS WHO HAVE OVERCOME CHALLENGES TO SUCCEED THROUGH THE STRIVE AWARDS. AT THE HEART OF THIS COMPREHENSIVE, IMPACTFUL SUPPORT IS OUR BELIEF THAT EACH AND EVERY STUDENT SHOULD HAVE ACCESS TO RELATIONSHIPS AND RESOURCES THAT MAKE A DIFFERENCE SO THAT THEY CAN THRIVE.
TEACHER SUPPORT PROGRAM:WE CHAMPION TEACHERS BECAUSE THEY PLAY AN ESSENTIAL ROLE IN PREPARING STUDENTS FOR LIFE AFTER HIGH SCHOOL AND INSTILLING IN THEM A LIFELONG LOVE OF LEARNING. WE SUPPORT TEACHERS THROUGH EDUCATESRQ CLASSROOM GRANTS, THE IGNITE EDUCATION TEACHER OF THE YEAR AWARDS, AND TEACHER LEADERSHIP INITIATIVES. EACH YEAR, WE PROVIDE TEACHERS WITH GRANTS THEY CAN USE TO PURCHASE CLASSROOM MATERIALS AND LEARNING OPPORTUNITIES AND THAT SCHOOLS CAN USE FOR SCHOOLWIDE, MULTIDISCIPLINARY, HANDS-ON LEARNING EXPERIENCES THAT INFUSE LESSONS WITH EXCITEMENT. THESE GRANTS HELP TEACHERS INNOVATE THEIR LESSONS AND DO MORE TO MEET THEIR STUDENTS' UNIQUE NEEDS. WE ALSO CELEBRATE EXCEPTIONAL TEACHERS EACH YEAR AT AN EVENT THAT BRINGS TOGETHER TEACHERS AND THEIR FAMILIES, SCHOOL AND DISTRICT ADMINISTRATORS, LOCAL POLITICIANS AND BUSINESS LEADERS, AND PHILANTHROPISTS. THE IGNITE EDUCATION TEACHER OF THE YEAR AWARD CELEBRATION HIGHLIGHTS THE AMAZING AND OFTEN OVERLOOKED WORK THAT GREAT TEACHERS DO EVERY DAY TO HELP STUDENTS THRIVE. TO FURTHER SUPPORT TEACHERS, WE HAVE LAUNCHED INITIATIVES SUCH AS THE TEACHER AMBASSADOR PROGRAM AND TEACHER ROUNDTABLE TALKS. THESE PROGRAMS BRING TOGETHER TEACHERS TO ENGAGE WITH PEERS, THE EDUCATION FOUNDATION, AND EDUCATION LEADERS TO COLLABORATE, GROW, AND LEAD.
COMMUNITY INITIATIVES PROGRAM:PLANIT SARASOTA IS THE LOCAL COLLEGE ACCESS NETWORK (LCAN) FOR SARASOTA COUNTY. WITH THE EDUCATION FOUNDATION SERVING AS THE BACKBONE ORGANIZATION, PLANIT SARASOTA IS AN ALLIANCE OF OVER 40 COMMUNITY, EDUCATION, AND BUSINESS PARTNERS WORKING TO INCREASE THE RATE OF STUDENTS WHO PURSUE PURPOSEFUL EDUCATION AFTER HIGH SCHOOL. PLANIT SARASOTA IS ESPECIALLY FOCUSED ON IMPROVING THAT RATE AMONG UNDERSERVED AND UNDERREPRESENTED STUDENTS. ITS GOAL IS TO CONVENE, CONNECT, AND COLLABORATE WITH ORGANIZATIONS AND INDIVIDUALS TO ADDRESS THE BARRIERS THAT HINDER STUDENTS FROM GAINING AN EDUCATION BEYOND HIGH SCHOOL. THROUGH THE COORDINATED AND INTENTIONAL EFFORTS OF ITS PARTNERS, PLANIT SARASOTA SEEKS TO INCREASE THE PERCENTAGE OF SARASOTA COUNTY RESIDENTS 24 YEARS AND UNDER WHO HAVE OBTAINED A HIGH VALUE CERTIFICATE OR DEGREE TO 60% BY 2030.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Vigne President | Officer | 40 | $154,190 |
Lucie Lapovsky Treasurer | OfficerTrustee | 2 | $0 |
Brock H Leach Chair | OfficerTrustee | 2 | $0 |
Kara Saunders 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Linda Jellison First Vice Chair | OfficerTrustee | 2 | $0 |
Jeremy H Chambers Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $123,450 |
Related organizations | $0 |
Government grants | $383,653 |
All other contributions, gifts, grants, and similar amounts not included above | $3,649,255 |
Noncash contributions included in lines 1a–1f | $35,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,156,358 |
Total Program Service Revenue | $0 |
Investment income | $44,992 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $59,999 |
Net Income from Fundraising Events | -$33,471 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,227,915 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $240,949 |
Grants and other assistance to domestic individuals. | $209,923 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $166,546 |
Compensation of current officers, directors, key employees. | $1,499 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,023,405 |
Pension plan accruals and contributions | $18,869 |
Other employee benefits | $44,122 |
Payroll taxes | $92,473 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,320 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,330 |
Fees for services: Other | $426,164 |
Advertising and promotion | $31,993 |
Office expenses | $62,561 |
Information technology | $90,192 |
Royalties | $0 |
Occupancy | $95,117 |
Travel | $6,556 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,145 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,832 |
Insurance | $6,847 |
All other expenses | $11,546 |
Total functional expenses | $2,574,890 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $257,221 |
Savings and temporary cash investments | $1,456,332 |
Pledges and grants receivable | $149,819 |
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 | $40,928 |
Net Land, buildings, and equipment | $1,181,862 |
Investments—publicly traded securities | $1,986,705 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,000 |
Total assets | $5,086,867 |
Accounts payable and accrued expenses | $92,679 |
Grants payable | $0 |
Deferred revenue | $469,102 |
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 | $0 |
Total liabilities | $561,781 |
Net assets without donor restrictions | $1,739,700 |
Net assets with donor restrictions | $2,785,386 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $5,086,867 |
Over the last fiscal year, Education Foundation Of Sarasota Co Unty Inc has awarded $240,949 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
SARASOTA COUNTY PUBLIC SCHOOLSVARIOUS OTHER AWARDS AND GRANTS PURPOSE: FUND ENHANCED EDUCATIONAL OPPORTUNITIES FOR SARASOTA COUNTY PUBLIC SCHOOLS, TEACHERS AND STUDENTS. | $190,949 |
Sarasota, FL PURPOSE: FUND ENHANCED EDUCATIONAL OPPORTUNITIES FOR SARASOTA COUNTY PUBLIC SCHOOLS, TEACHERS AND STUDENTS. | $30,000 |
CITIZENS FOR BETTER SCHOOLS PURPOSE: FUND ENHANCED EDUCATIONAL OPPORTUNITIES FOR SARASOTA COUNTY PUBLIC SCHOOLS, TEACHERS AND STUDENTS. | $20,000 |
Over the last fiscal year, we have identified 1 grants that Education Foundation Of Sarasota Co Unty Inc has recieved totaling $1,500.
Awarding Organization | Amount |
---|---|
Swift Family Foundation Inc Sarasota, FL PURPOSE: UNRESTRICTED CHARITABLE DONATION | $1,500 |
Beg. Balance | $1,719,667 |
Earnings | -$214,826 |
Grants | $62,696 |
Ending Balance | $1,442,145 |
Organization Name | Assets | Revenue |
---|---|---|
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Imagine - South Broward Inc Sunrise, FL | $1,098,870 | $2,986,588 |
Pure Edge Inc Palm Beach, FL | $739,291 | $2,020,460 |
Alternative Education Foundation Inc Davie, FL | $702,527 | $2,696,201 |
Education Foundation Of Sarasota Co Unty Inc Sarasota, FL | $5,086,867 | $4,227,915 |