Pinellas County Education Foundation Inc is located in Largo, FL. The organization was established in 1986. 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 06/2021, Pinellas County Education Foundation Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinellas County Education 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 06/2021, Pinellas County Education Foundation Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. While expenses have increased by 7.1% per year over the past 6 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 2015, Pinellas County Education Foundation Inc has awarded 42 individual grants totaling $4,303,914. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE EDUCATIONAL ACHIEVEMENT FOR ALL STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 EDUCATIONAL INITIATIVES:CLASSROOM GRANTS: EACH YEAR, OVER A HUNDRED THOUSAND DOLLARS IN GRANTS ARE AWARDED TO CLASSROOM TEACHERS TO CREATE PROGRAMS THAT ARE DESIGNED TO ENHANCE THE CLASSROOM LEARNING EXPERIENCE AND POSITIVELY AFFECT THEIR STUDENTS. GRANTS RANGE FROM A VARIETY OF STEM MATERIALS, LITERACY SUPPORT, GENDER DIFFERENTIATED STUDIES ITEMS, AND MUCH MORE.(CONTINUED ON SCHEDULE O)ELEVATING EXCELLENCE:ELEVATING EXCELLENCE PROVIDES HIGH-ACHIEVING STUDENTS AND THEIR FAMILIES WITH A PERSONALIZED PATH TO COLLEGE SUCCESS AND INCLUDES HIGHLY EFFECTIVE PSAT/SAT PREPARATION, INDIVIDUALIZED ACADEMIC COUNSELING THAT INVOLVES THE PARENT(S)/GUARDIAN AND INDIVIDUALIZED COLLEGE AND SCHOLARSHIP PLANNING AND SUPPORT THAT INCLUDES THE PARENT(S)/GUARDIAN. THE FOUNDATION'S FOCUS WITH ELEVATING EXCELLENCE WILL BE ON A TARGET POPULATION OF 1,000 LOW INCOME AND MINORITY STUDENTS WHO ARE 100-150 POINTS AWAY FROM QUALIFYING FOR BRIGHT FUTURES.AN EXCITING INITIATIVE UNDER THE ELEVATING EXCELLENCE PROGRAM IS THE CREATION OF THE COLLEGE AND CAREER CENTERS AT HIGH SCHOOLS IN OUR DISTRICT. THE COLLEGE AND CAREER CENTERS ARE THE HUB OF INFORMATION AND SUPPORT FOR STUDENTS AND FAMILIES. WORKING IN COLLABORATION WITH SCHOOL COUNSELORS, THE COLLEGE AND CAREER CENTER TEAMS PROVIDE INDIVIDUALIZED AND TARGETED ASSISTANCE TO NAVIGATE THE COLLEGE-GOING PROCESS. THE CENTERS ARE CURRENTLY IN NINE HIGH SCHOOLS AND WILL CONTINUE TO GROW EACH YEAR UNTIL ALL OF THE TRADITIONAL HIGH SCHOOLS IN THE DISTRICT HAVE A CENTER ESTABLISHED. READING RECOVERY IS A HIGHLY EFFECTIVE SHORT-TERM INTERVENTION OF ONE-TO-ONE TUTORING FOR LOW-ACHIEVING FIRST GRADERS. READING RECOVERY SERVES THE LOWEST-ACHIEVING FIRST GRADERS THE STUDENTS WHO ARE NOT CATCHING ON TO THE COMPLEX SET OF CONCEPTS THAT MAKE READING AND WRITING POSSIBLE. IN A READING RECOVERY SCHOOL, 15 TO 20% OF 1ST GRADE STUDENTS WILL RECEIVE THE INTERVENTION BASED ON A READING PERFORMANCE OVER THE COURSE OF THE SCHOOL YEAR. READING RECOVERY IS CURRENTLY IN 14 SCHOOLS THAT HAVE SOME OF THE LOWEST READING ASSESSMENT SCORES IN THE DISTRICT. INDIVIDUAL STUDENTS RECEIVE A HALF-HOUR LESSON EACH SCHOOL DAY FOR 12 TO 20 WEEKS WITH A SPECIALLY TRAINED READING RECOVERY TEACHER. AS SOON AS STUDENTS CAN MEET GRADE-LEVEL EXPECTATIONS AND DEMONSTRATE THAT THEY CAN CONTINUE TO WORK INDEPENDENTLY IN THE CLASSROOM, THEIR LESSONS ARE DISCONTINUED, AND NEW STUDENTS BEGIN INDIVIDUAL INSTRUCTION. READING RECOVERY TEACHERS WORK WITH FOUR OR FIVE INDIVIDUAL STUDENTS EACH DAY AND THEN CONDUCT SMALL READING GROUPS WITHIN EXISTING 1ST GRADE CLASSROOMS WITH ADDITIONAL STUDENTS.THE ACADEMIES OF PINELLAS PROGRAM IS A COMMUNITY-WIDE INITIATIVE AIMED AT ENHANCING THE HIGH SCHOOL EDUCATIONAL EXPERIENCE BY PROVIDING AN OPPORTUNITY FOR STUDENTS IN EVERY HIGH SCHOOL TO PREPARE FOR COLLEGE WHILE, AT THE SAME TIME, PURSUING INDUSTRY-RECOGNIZED CAREER CERTIFICATIONS. THE FOUNDATION IS PASSIONATELY COMMITTED TO PROVIDING ALL STUDENTS WITH THE OPPORTUNITY TO BE SUCCESSFUL. IT IS OUR BELIEF THAT WE MUST HAVE A SUPERIOR EDUCATIONAL SYSTEM TO ENSURE THAT OUR SCHOOL CHILDREN REMAIN COMPETITIVE IN AN INCREASINGLY GLOBAL MARKETPLACE. INVOLVING THE PRIVATE SECTOR IN OUR EFFORTS TO IMPROVE EDUCATION IS VITAL TO OUR SUCCESS.YOUTH CONNECT:THE YOUTH CONNECT PROGRAM PROVIDES GUIDANCE, SUPPORT, FINANCIAL ASSISTANCE WITH VOCATIONAL AND ACADEMIC TRAINING, WORK READINESS AND JOB PLACEMENT SERVICES TO LOW INCOME YOUTH (AGES 16-24). SINCE INCEPTION (JULY 2007) THIS PROGRAM HAS SERVED MORE THAN 3,400 STUDENTS. STUDENTS ENROLLED MAY ALSO BE ELIGIBLE FOR THE FRANCES STAVROS CAREER TECHNICAL EDUCATION SCHOLARSHIP. THIS SCHOLARSHIP MAY PROVIDE UP TO $2,500 IN EDUCATION FUNDS ALLOWING STUDENTS AN OPPORTUNITY TO ATTEND VOCATIONAL OR POST-SECONDARY INSTITUTIONS.NEXT GENERATION ENTREPRENEURS:THE NEXT GENERATION ENTREPRENEURS PROGRAM IS OPEN TO ALL PINELLAS HIGH SCHOOL STUDENTS. THIS OPPORTUNITY ALLOWS STUDENTS TO START NEW BUSINESSES, BRING AN INNOVATIVE IDEA TO MARKET WHILE WORKING WITH BUSINESS COMMUNITY MENTORS. THE PROGRAM EMPHASIZES ADDING VALUE TO PEOPLE'S LIVES AND THE STEPS INVOLVED TO BEING A SUCCESSFUL ENTREPRENEUR.
TAKE STOCK IN CHILDREN (TSIC) IS A LONG-TERM INITIATIVE THAT AWARDS LOW-INCOME 6-9TH GRADERS WITH A COLLEGE SCHOLARSHIP AT HIGH SCHOOL GRADUATION, PAIRS THEM WITH A CARING MENTOR AND CONNECTS THEM TO COLLEGE AND CAREER COUNSELING AND SUPPORTS. BY MAINTAINING AT LEAST A "C" IN ALL CLASSES, MEETING WITH THEIR MENTOR, REMAINING DRUG AND CRIME FREE, ATTENDING COLLEGE SUCCESS PLANNING MEETINGS AND GRADUATING FROM HIGH SCHOOL, STUDENTS EARN THEIR SCHOLARSHIPS.SINCE ITS INCEPTION, TSIC HAS MAINTAINED HIGH SCHOOL GRADUATION RATE OF 96% OR HIGHER. THE PROGRAM BROUGHT IN 240 NEW STUDENTS AND 210 TSIC SCHOLARS GRADUATED FROM HIGH SCHOOL IN 2020-2021.
STUDENT SCHOLARSHIPS:THIS PROGRAM PROVIDES MORE THAN 100 DIFFERENT COLLEGE SCHOLARSHIPS TO HIGH SCHOOL SENIORS THROUGHOUT PINELLAS COUNTY. THE SCHOLARSHIPS ARE AS VARIED AS THE SPONSORS WHO FUND THEM. DONORS CHOOSE THEIR CRITERIA AND FOCUS AREAS SUCH AS SPECIFIC MAJORS, VOLUNTEER HOURS, ACADEMIC ACHIEVEMENT, SPORTS, OR FINANCIAL NEED. STUDENTS APPLY FOR THESE SCHOLARSHIPS THROUGH THE FOUNDATION'S WEBSITE WHEREBY ONE APPLICATION RUNS THROUGH A SORTING PROCESS FOR ALL OF THE AVAILABLE SCHOLARSHIP FUNDS. SCHOLARSHIPS MAY BE EITHER ONE-TIME AWARDS OR RENEWABLE SCHOLARSHIPS FOR STUDENTS WHO CONTINUE TO MEET THE SCHOLARSHIP QUALIFICATIONS THROUGHOUT COLLEGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stacy Baier CEO | Officer | 40 | $216,980 |
Kathleen Mendoza Controller (1/1/20-7/3/20) | Officer | 40 | $50,011 |
Stephanie Smith Controller (7/3/20-9/3/21) | Officer | 40 | $24,731 |
Charles Harris Chairman | Trustee | 1 | $0 |
Tash Elwyn Vice Chairman | Trustee | 1 | $0 |
Robert Byelick Treasurer | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $57,320 |
Related organizations | $0 |
Government grants | $2,337,362 |
All other contributions, gifts, grants, and similar amounts not included above | $4,662,175 |
Noncash contributions included in lines 1a–1f | $2,045,850 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,056,857 |
Total Program Service Revenue | $0 |
Investment income | $348,916 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $689,936 |
Net Income from Fundraising Events | -$13,350 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,082,359 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,330,190 |
Grants and other assistance to domestic individuals. | $2,510,409 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $332,930 |
Compensation of current officers, directors, key employees. | $56,246 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,428,788 |
Pension plan accruals and contributions | $28,023 |
Other employee benefits | $251,880 |
Payroll taxes | $86,194 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,565 |
Fees for services: Accounting | $51,675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $88,296 |
Fees for services: Other | $588,967 |
Advertising and promotion | $5,609 |
Office expenses | $322,606 |
Information technology | $118,322 |
Royalties | $0 |
Occupancy | $6,000 |
Travel | $7,374 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $121,138 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,603 |
Insurance | $30,636 |
All other expenses | $5,471 |
Total functional expenses | $9,343,676 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,388,608 |
Savings and temporary cash investments | $2,581,645 |
Pledges and grants receivable | $1,891,123 |
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 | $49,432 |
Net Land, buildings, and equipment | $39,139 |
Investments—publicly traded securities | $18,728,025 |
Investments—other securities | $1,494,802 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $18,885,945 |
Total assets | $46,058,719 |
Accounts payable and accrued expenses | $176,666 |
Grants payable | $0 |
Deferred revenue | $605,981 |
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 | $396,677 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $187,523 |
Total liabilities | $1,366,847 |
Net assets without donor restrictions | $3,663,494 |
Net assets with donor restrictions | $41,028,378 |
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 | $46,058,719 |
Over the last fiscal year, Pinellas County Education Foundation Inc has awarded $3,314,234 in support to 10 organizations.
Grant Recipient | Amount |
---|---|
PINELLAS COUNTY SCHOOLS PURPOSE: CLASSROOM & SCHOOL GRANTS (SEE PROGRAM SERVICE DESCRIPTIONS) | $3,247,734 |
Tampa, FL PURPOSE: PROGRAM SUPPORT (SEE PROGRAM SERVICE DESCRIPTIONS) | $12,500 |
Largo, FL PURPOSE: PROGRAM SUPPORT (SEE PROGRAM SERVICE DESCRIPTIONS) | $10,000 |
ELISA NELSON ELEMENTARY PURPOSE: PROGRAM SUPPORT (SEE PROGRAM SERVICE DESCRIPTIONS) | $10,000 |
Maitland, FL PURPOSE: PROGRAM SUPPORT (SEE PROGRAM SERVICE DESCRIPTIONS) | $8,000 |
Palm Harbor, FL PURPOSE: PROGRAM SUPPORT (SEE PROGRAM SERVICE DESCRIPTIONS) | $6,000 |
Over the last fiscal year, we have identified 2 grants that Pinellas County Education Foundation Inc has recieved totaling $23,000.
Awarding Organization | Amount |
---|---|
Margie Joy Foundation Inc Tampa, FL PURPOSE: JUMP START SCHOLARSHIP | $13,000 |
Organization Name not Listed PURPOSE: SUPPORT OPERATIONS | | $10,000 |
Beg. Balance | $3,851,200 |
Earnings | $1,113,519 |
Other Expense | $1,113,519 |
Ending Balance | $3,851,200 |
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 |