Foundation For Seminole County Public Schools Inc
- Assets
- $6.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Sanford, FL
- Founding
- 12/1987
- Data as of
- 06/2024
- EIN
- 59-2775956
Organization Overview
Foundation For Seminole County Public Schools Inc is located in Sanford, FL. The organization was established in 1987. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Foundation For Seminole County Public Schools Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Seminole County Public Schools 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 06/2024, Foundation For Seminole County Public Schools Inc generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENHANCES THE QUALITY OF EDUCATION IN SEMINOLE COUNTY PUBLIC SCHOOLS AND ENSURES THAT TODAY'S STUDENTS BECOME TOMORROW'S SUCCESSDUL, PRODUCTIVE CITIZENS. THE FOUNDATION FOCUSES ON THREE FUNDING INITIATIVES FOR THE SCHOOL DISTRICT: 1) PROGRAMS THAT REMOVE THE BARRIERS THAT KEEP KIDS FROM COMING TO SCHOOL READY TO LEARN 2) PROVIDE RESOUCES IN THE CLASSROOM TO ENHANCE STUDENT PERFORMANCE AND 3) SUPPORT OUR HIGH PERFORMING SCHOOL DISTRICT BY RECOGNIZING AND REWARDING OUR TOP PERFORMING EDUCATORS AND SUPPORT STAFF. SINCE INCEPTION THE FOUNDATION HAS RAISED OVER 40 MILLION TO SUPPORT OUR PUBLIC SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOOLS 4 SEMINOLE SCHOOLS - SECURES DONATED CLASSROOM AND SCHOOL SUPPLIES THROUGHOUT THE SCHOOL YEAR. ALL TEACHERS AT 38 SCHOOLS - ONES WITH 50%+ STUDENTS ON FREE AND REDUCED MEALS - ARE ELIGIBLE TO SHOP MONTHLY. THE REMAINING SCHOOLS ARE ELIGIBLE TO HAVE A DEDICATED REPRESENTATIVE SHOP FOR THE SCHOOL ONCE PER MONTH. APPROXIMATELY 1,768,589 IN PRODUCT WAS DISTRIBUTED TO SCHOOLS IN THE DISTRICT SO THAT STUDENTS COULD START THE YEAR ON THE RIGHT FOOT.
FAMILIES IN TRANSITION: FAMILIES IN TRANSITION WAS ESTABLISHED TO SERVE THE EDUCATIONAL NEEDS OF CHILDREN IN THE SEMINOLE COUNTY SCHOOL SYSTEM WHO ARE CONSIDERED HOMELESS. THESE STUDENTS "LACK A FIXED, REGULAR AND ADEQUATE RESIDENCE; OR HAVE A PRIMARY NIGHTTIME RESIDENCE THAT IS TEMPORARY IN NATURE; OR IS A PLACE NOT DESIGNED OR USED ORIGINALLY AS A REGULAR SLEEPING ACCOMODATION FOR HUMAN BEINGS." A SCHOOL LIASON HAS BEEN ASSIGNED TO WORK WITH THE DISTRICT'S ELEMENTARY AND SECONDARY SCHOOL, AS WELL AS THE COMMUNITY, AGENCIES AND SHELTERS IN IDENTIFYING HOMELESS FAMILIES WITH SCHOOL-AGE CHILDREN. CONTACT WITH THE FAMILY AND SCHOOL IS MADE AND COMMUNICATION IS ESTABLISHED WITH THE STUDENT'S SCHOOL, AS WELL. OTHER INCLUDES MANY MINI-GRANTS AND PROGRAMS WHICH PROVIDE EDUCATORS AS WELL AS STUDENTS WITH SCHOLARSHIPS FOR FURTHER EDUCATION.
TAKE STOCK IN CHILDREN: TAKE STOCK IN CHILDREN IS A STATEWIDE SCHOLARSHIP PROGRAM THAT TARGETS STUDENTS WITH A FINANCIAL NEED AND A STRONG DESIRE TO SUCCEED. EACH SPRING, EIGHTH GRADE STUDENTS FROM SEMINOLE COUNTY PUBLIC SCHOOLS ARE INVITED TO APPLY FOR 27 YEAR COLLEGE SCHOLARSHIPS THROUGH THE TAKE STOCK IN CHILDREN PROGRAM.THE PROGRAM BROUGHT IN 114 NEW STUDENTS IN THE 2023-2024 FISCAL YEAR.
GRANTS FOR GREAT IDEAS: THE GRANTS FOR GREAT IDEAS PROGRAM ALLOCATES SMALL GRANTS FOR CLASSROOM, SCHOOL OR DISTRICT PROJECTS. THE FUNDAMENTAL PURPOSE OF THIS PROGRAM IS TO PROVIDE THE FUNDING FOR CLASSROOM PROJECTS THAT ARE INNOVATIVE AND ORIGINAL WITH THE OVERALL GOAL OF ENHANCING A STUDENT'S LEARNING EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Vansmith Executive Di | Officer | 40 | $0 |
Serita Beamon Director | Trustee | 1 | $0 |
Greg Brannon Director | Trustee | 1 | $0 |
Sommer Brown Director | Trustee | 1 | $0 |
Rick Bundy Jr Director | Trustee | 1 | $0 |
Prasad Chittaluru Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $899,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,814,272 |
| Noncash contributions included in lines 1a–1f | $1,758,054 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,713,816 |
| Total Program Service Revenue | $0 |
| Investment income | $118,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,641 |
| Net Income from Fundraising Events | $256,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,014,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $85,484 |
| 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 | $630,160 |
| 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 | $21,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,808 |
| All other expenses | $24,659 |
| Total functional expenses | $4,001,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,222,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,019 |
| 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 | $14,035 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,361,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,499,041 |
| Total assets | $6,246,030 |
| Accounts payable and accrued expenses | $191,397 |
| Grants payable | $0 |
| Deferred revenue | $19,000 |
| 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 | $210,397 |
| Net assets without donor restrictions | $997,506 |
| Net assets with donor restrictions | $5,038,127 |
| 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 | $6,246,030 |