The Education Foundation Of Alachua County Inc

Organization Overview

The Education Foundation Of Alachua County Inc is located in Gainesville, FL. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Education Foundation Of Alachua County Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of Alachua County 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 06/2023, Education Foundation Of Alachua County Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 2.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SECURE AND DISTRIBUTE CONTRIBUTIONS FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS FOR THE BENEFIT OF THE STUDENTS IN THE ALACHUA COUNTY PUBLIC SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE EDUCATION FOUNDATION OF ALACHUA COUNTY WAS FOUNDED TO SUPPORT ALACHUA COUNTY PUBLIC SCHOOLS. THE FOUNDATION SUPPORTS THE SCHOOLS THROUGH TAKE STOCK IN CHILDREN, SENIOR SCHOLARSHIPS, CATALYST FOR CHANGE, AND OTHER PROGRAMS. DURING THE 2022-2023 FISCAL YEAR:- 45 GRANTS WERE GIVEN THROUGH THE CATALYST FOR CHANGE TEACHER AND SCHOOL GRANT PROGRAM- 49 COLLEGE SCHOLARSHIPS WERE AWARDED TO GRADUATING HIGH SCHOOL SENIORS THROUGH THE SENIOR SCHOLARSHIP PROGRAM- 58 STUDENTS COMPLETED THE TAKE STOCK IN CHILDREN PROGRAM AND RECEIVED A TWO-YEAR FLORIDA PREPAID COLLEGE SCHOLARSHIP- 39 AWARDS WERE GIVEN TO TEACHER OF THE YEAR RECIPIENTS- 47 MISCELLANEOUS COLLEGE SCHOLARSHIPS WERE AWARDED


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Board, Officers & Key Employees

Name (title)Compensation
Gwendolyn Saffo
Vice President
$0
Larry Steven Cecil
Secretary
$0
Tim Roark
President
$0
Trey Presnell
Treasurer
$0
Mary Benedict
Director
$0
Anne Polo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$84,268
Related organizations$0
Government grants $7,450
All other contributions, gifts, grants, and similar amounts not included above$556,301
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$648,019
Total Program Service Revenue$279,791
Investment income $63,291
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $43,494
Net Income from Fundraising Events -$25,918
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,008,677

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