Florida Education Foundation
- Assets
- $8.0m
- Revenue
- $4.5m
- Investments
- $5.5m
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 08/1987
- Data as of
- 06/2023
- EIN
- 59-2718509
Organization Overview
Florida Education Foundation is located in Tallahassee, FL. The organization was established in 1987. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Education Foundation 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 06/2023, Florida Education Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $4.3m during the year ending 06/2023. While expenses have increased by 11.1% per year over the past 8 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 2016, Florida Education Foundation has awarded 75 individual grants totaling $2,570,866. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVES, HOLDS, INVESTS, ADMINISTERS PROPERTY, AND MAKES EXPENDITURES FOR THE BENEFIT OF PUBLIC PRE-KINDERGARTEN THROUGH 12TH GRADE EDUCATION IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLORIDA CIVICS AND DEBATE INITIATIVE (FCDI) IS MADE POSSIBLE BY A $5 MILLION GRANT FROM THE BERNIE MARCUS FOUNDATION. THE GOAL OF THE FCDI IS TO IMPROVE CIVIC LITERACY SKILLS IN MIDDLE AND HIGH SCHOOL GRADE STUDENTS AND PREPARE THEM VIA PROGRAMS SUCH AS SPEECH AND DEBATE. THE INITIATIVE IS A THREE-YEAR, MULTI-PHASE PLAN TO ULTIMATELY INCORPORATE CIVICS PROGRAMS IN EVERY FLORIDA SCHOOL DISTRICT.
VARIOUS MISCELLANEOUS PROGRAM FUNDS.
THE RESILIENCY FLORIDA INITIATIVE SUPPORTS STUDENT RESILIENCY AND CHARACTER EDUCATION BY PROVIDING PUBLIC AWARENESS MATERIALS AIMED AT STUDENTS, PARENTS AND TEACHERS THAT WOULD EDUCATE, PROMOTE PERSEVERANCE, AND HELP CONNECT STUDENTS TO AVAILABLE RESOURCES. THE PUBLIC AWARENESS CAMPAIGN SHOULD INCLUDE A WEBSITE, VIDEOS, SOCIAL MEDIA GRAPHICS, AND PUBLIC SERVICE ANNOUNCEMENTS THAT DIRECT STUDENTS, PARENTS AND TEACHERS TO THE RESILIENCY TOOLKIT CREATED BY THE DEPARTMENT OF EDUCATION.
THE JUST READ, FLORIDA! PROGRAM PROVIDES PROFESSIONAL LEARNING OPPORTUNITIES AND SUPPORT FOR PREKINDERGARTEN THROUGH 12TH GRADE TEACHERS, LITERACY COACHES, SCHOOL ADMINISTRATORS AND DISTRICT LEVEL STAFF SUPPORTING LITERACY. THIS PROGRAM ALSO PROVIDES PROFESSIONAL LEARNING TO THE DEPARTMENT OF EDUCATION STAFF, INSTITUTES FOR HIGHER EDUCATION (COLLEGE AND UNIVERSITY TEACHER PREP STAFF), AND LITERACY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Matthews Chair | OfficerTrustee | 1.5 | $0 |
Andrea Tovar Vice Chair | OfficerTrustee | 1 | $0 |
Ron Brise Treasurer | OfficerTrustee | 1 | $0 |
Kristin Crawford-Whitaker Secretary | OfficerTrustee | 1 | $0 |
Carlos Alvarez Director | Trustee | 0.5 | $0 |
Marcus Chambers Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Hills Strategies Llc Communication Services | 6/29/23 | $128,007 |
Bill Of Rights Institute Plenary Speakers & Support Civics Pd Ser | 6/29/23 | $108,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,585,786 |
| Noncash contributions included in lines 1a–1f | $42,885 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,585,786 |
| Total Program Service Revenue | $744,691 |
| Investment income | $202,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,454,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,089,892 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,389 |
| Fees for services: Other | $989,130 |
| Advertising and promotion | $265,635 |
| Office expenses | $26,151 |
| Information technology | $8,118 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,648,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,732 |
| All other expenses | $1,362 |
| Total functional expenses | $4,323,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,305 |
| Savings and temporary cash investments | $641,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,662 |
| 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 | $102,399 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,487,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,966,695 |
| Accounts payable and accrued expenses | $512,124 |
| Grants payable | $0 |
| Deferred revenue | $1,100,289 |
| 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 | $1,612,413 |
| Net assets without donor restrictions | $474,775 |
| Net assets with donor restrictions | $5,879,507 |
| 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 | $7,966,695 |
Grants Awarded
Over the last fiscal year, Florida Education Foundation has awarded $595,744 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
1 OHANA 1 COMMUNITY INC PURPOSE: HOPE FLORIDA GRANT | $10,000 |
AD HENDERSON UNIVERSITY SCHOOL PURPOSE: NCDC SCHOLARSHIPS | $8,000 |
ABERDEEN CENTRAL HIGH SCHOOL PURPOSE: NCDC SCHOLARSHIPS | $6,250 |
APOPKA HIGH SCHOOL PURPOSE: NCDC SCHOLARSHIPS | $30,000 |
BIG BEND HOMELESS COALITION PURPOSE: HOPE FLORIDA GRANT | $10,000 |
BIKES FOR CHRIST PURPOSE: HOPE FLORIDA GRANT | $10,000 |