Florida Education Foundation
- Assets
- $8.1m
- Revenue
- $1.8m
- Investments
- $6.3m
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 08/1987
- Data as of
- 06/2021
- 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 06/2021, Florida Education Foundation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Florida Education Foundation has awarded 18 individual grants totaling $4,025,421. 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
RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF PUBLIC PRE-KINDERGARTEN THROUGH 12TH GRADE EDUCATION IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC INITIATIVETHE 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 LIKE SPEECH AND DEBATE. THE INITIATIVE IS THREE-YEAR, MULTI PHASE PLAN TO ULTIMATELY INCORPORATE CIVICS PROGRAMS IN EVERY FLORIDA SCHOOL DISTRICT.
EMERGENCY RELIEF FUNDTHE EMERGENCY RELIEF FUND WAS ORIGINALLY ESTABLISHED TO SUPPORT SCHOOLS AFFECTED BY HURRICANES. DURING 2004, FLORIDA WAS HIT BY FOUR HURRICANES (CHARLEY, FRANCES, IVAN AND JEANNE) AFFECTING MANY SCHOOLS IN THE STATE. THE FLORIDA EDUCATION FOUNDATION SERVED AS A CONDUIT FOR SUPPLIES AND INFORMATION. REQUESTS TO DONATE WERE FORWARDED FROM VOLUNTEER FLORIDA AND THROUGHOUT OTHER AREAS OF FDOE. DISTRICT SUPERINTENDENTS WERE ASKED TO REPORT THEIR NEEDS SO THAT PRIORITY COULD BE GIVEN TO THOSE SCHOOLS MOST IN NEED. IN 2020, THE CORONAVIRUS (COVID-19) PANDEMIC HIT, AND FLORIDA SCHOOLS WERE FORCED TO CLOSE THEIR BRICK AND MORTAR AND OPERATE SOLELY THROUGH DISTANCE LEARNING.
SUNSHINE STATE SCHOLARSSUNSHINE STATE SCHOLARS INCLUDES RESOURCES FROM PUBLIC AND PRIVATE DONATIONS TO RECOGNIZE EACH DISTRICT'S TOP 11TH GRADE STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH) STUDENTS AND RECRUIT THEM TO PURSUE THEIR POSTSECONDARY EDUCATION IN A FLORIDA COLLEGE OR UNIVERSITY. THE SCHOLARS, THEIR PARENTS AND A TEACHER OF THEIR CHOICE ARE BROUGHT TOGETHER FOR A TWO-DAY RECOGNITION PROGRAM AND COLLEGE/UNIVERSITY RECRUITMENT FAIR. THIS INCLUDES WORKSHOPS FOR COLLEGE APPLICATIONS, COLLEGE FUNDING AND TEACHER PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Velma Monteiro-Tribble Vice Chairman/interim Treasurer | OfficerTrustee | 1 | $0 |
Charles Hokanson Chairman | OfficerTrustee | 1.5 | $0 |
Monesia Brown Treasurer Until 01/2021 | OfficerTrustee | 1 | $0 |
Raquel Egusquiza Secretary | OfficerTrustee | 1 | $0 |
Bethany Swonson Executive Director (until 10/31) | Officer | 20 | $0 |
Kristin Piccolo Executive Director (beginning 11/1) | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kipp Miami Inc Community Engagement Activities | 6/29/19 | $208,194 |
New Teacher Center Professional Development | 6/29/19 | $184,600 |
Learning First Group Professional Development | 6/29/19 | $143,000 |
The New Teacher Project Florida Teacher Coaching | 6/29/19 | $105,842 |
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 | $1,436,172 |
| Noncash contributions included in lines 1a–1f | $112,498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,436,172 |
| Total Program Service Revenue | $83,532 |
| Investment income | $125,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,769,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,440 |
| Grants and other assistance to domestic individuals. | $80,470 |
| 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 | $53,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,812 |
| Fees for services: Other | $115,511 |
| Advertising and promotion | $0 |
| Office expenses | $12,137 |
| Information technology | $65,233 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,741 |
| All other expenses | $23,249 |
| Total functional expenses | $1,491,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,768,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,722 |
| 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 | $16,316 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,295,655 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,106,190 |
| Accounts payable and accrued expenses | $279,867 |
| Grants payable | $0 |
| Deferred revenue | $1,164,605 |
| 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 | $1,444,472 |
| Net assets without donor restrictions | $997,662 |
| Net assets with donor restrictions | $5,664,056 |
| 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 | $8,106,190 |
Grants Awarded
Over the last fiscal year, Florida Education Foundation has awarded $243,416 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boynton Beach, FL PURPOSE: COMMUNITY ENGAGEMENT ACTIVITIES | $100,000 |
Tallahassee, FL PURPOSE: PROFESSIONAL DEVELOPMENT | $94,364 |
Tallahassee, FL PURPOSE: POST HIGH SCHOOL EDUCATION | $49,052 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Florida Education Foundation has recieved totaling $834,668.
| Awarding Organization | Amount |
|---|---|
Marcus Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $500,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $100,000 |
Gulf Power Foundation Inc Pensacola, FL PURPOSE: LEADING AND LEARNING FOR IMPACT INITIATIVE | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $50,000 |
Gulf Power Foundation Inc Pensacola, FL PURPOSE: COACHING & CLASSES FOR TEACHERS | $50,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Legacy Foundation Inc Alpharetta, GA | $14,855,718 | $2,174,948 |
Kiphart Family Foundation Key Largo, FL | $1,179,809 | $333,177 |
Florida Education Foundation Tallahassee, FL | $8,106,190 | $1,769,719 |
2701 Australian Lc West Palm Beach, FL | $3,539,169 | $245,407 |
George And Ann Swift Family Foundation Inc Columbus, GA | $3,389,376 | $55,861 |
S Margaret Gallagher Foundation Venice, FL | $4,669,581 | $105,826 |
Rosenfield & Glassman Foundation Inc Coral Gables, FL | $2,123,441 | $68,797 |
Baralty Fido Charitable Foundation Inc Miami, FL | $1,564,987 | $47,245 |
Taste Of Coral Springs Coral Springs, FL | $97 | $0 |
Guy K And Katharine I Mitchell Foundation Bessemer, AL | $10,376 | $1 |
6 10 Opportunity Foundation Vestavia, AL | $364,328 | $99,941 |
Family Haven Foundation Corporation Fort Myers, FL | $326,310 | $36,615 |