Florida Education Fund Inc

Organization Overview

Florida Education Fund Inc is located in Tampa, FL. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2024, Florida Education Fund Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Education Fund 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, Florida Education Fund Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $4.5m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Florida Education Fund Inc has awarded 92 individual grants totaling $1,893,015. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE GREATER INSTITUTIONAL AND EDUCATIONAL ADVANCEMENT FOR HISTORICALLY UNDERREPRESENTED GROUPS

Describe the Organization's Program Activity:

Part 3 - Line 4a

MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM:GRADUATION AND RETENTION RATESESTABLISHED IN 1984, THE FLORIDA EDUCATION FUND'S MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM HAS INCREASED THE NUMBER OF AFRICAN AND HISPANIC AMERICANS WHO HAVE BEEN AWARDED THE PH.D. IN HISTORICALLY UNDERREPRESENTED, CRUCIAL DISCIPLINES AND FIELDS OF STUDY WHERE AFRICAN AND HISPANIC AMERICANS HAVE NOT HISTORICALLY ENROLLED AND COMPLETED DEGREE PROGRAMS. SOME 1,641 FELLOWSHIPS HAVE BEEN AWARDED TO AFRICAN AND HISPANIC AMERICANS PURSUING THE PH.D. DEGREE AND THE PROGRAM ENJOYS AN IMPRESSIVE NEAR 87% RETENTION RATE WHICH INCLUDED 371 MATRICULATING FELLOWS AND 1,061 GRADUATES. (CONTINUED ON SCHEDULE O)PRESENTLY 69 FELLOWS HAVE ADVANCED TO CANDIDACY. 22 FELLOWS GRADUATED IN 2024. 41 NEW MCKNIGHT FELLOWSHIPS AND 21 DISSERTATION FELLOWSHIPS WERE AWARDED FOR FALL 2024 TO STUDENTS PURSUING STUDIES AT ONE OF 9 PARTICIPATING INSTITUTIONS IN THE STATE OF FLORIDA. EACH FELLOWSHIP CONSISTS OF TUITION, FEES, AND STIPEND.PROFESSIONAL DEVELOPMENT ACTIVITYIN ADDITION, DURING THE 2023-24 ACADEMIC YEAR, WE OFFERED OUR FELLOWS OUR OWN PROFESSIONAL DEVELOPMENT WORKSHOPS AS WELL AS TRAVEL GRANTS FOR THEM TO ATTEND PROFESSIONAL CONFERENCES TO FACILITATE THEIR RESEARCH AND PUBLICATION EFFORTS. PRESENTING PAPERS AT PROFESSIONAL CONFERENCES NOT ONLY PROMOTES NETWORKING OPPORTUNITIES FOR JOB PLACEMENT, BUT ALSO ALLOWS THE FELLOWS TO RECEIVE PROFESSIONAL FEEDBACK ON THEIR RESEARCH PROJECTS. FREQUENTLY, PARTICIPATING IN THESE TYPES OF CONFERENCES MAY ALSO LEAD TO COLLABORATION OPPORTUNITIES ON IMPORTANT CUTTING-EDGE RESEARCH PROJECTS. WE EXPANDED OUR WRITING SUPPORT SERVICES TO INCLUDE NOT ONLY PROFESSIONAL DEVELOPMENT WRITING WORKSHOPS FOCUSING ON JOURNAL AND MANUSCRIPT PUBLICATIONS, BUT ALSO EDITORIAL ASSISTANCE ON GRANT PROPOSALS, CONFERENCE PAPERS, AND REPORTS. THESE SERVICES ALLOW SCHOLARS TO WORK WITH PROFESSIONAL EDITORS TO HELP IMPROVE WRITING MECHANICS AND CONTEXTUAL ORGANIZATION, AS WELL AS CONNECT STUDENTS TO CONTENT EXPERTS IN SPECIFIC DISCIPLINES.TO REMAIN CONTEMPORARY, WE EXPANDED OUR CONFERENCE PRESENTATIONS TO INCLUDE A SERIES OF SPECIAL TOPIC PANEL DISCUSSIONS ON BEST PRACTICES FOR COMPREHENSIVE EXAM PREPARATION AND DISSERTATION DEFENSES AS WELL AS PROVIDE PRESENTATIONS ON THE SIGNIFICANCE OF ARTIFICIAL INTELLIGENCE; DIVERSITY, EQUITY, AND ACCESS; AND THE IMPACT OF NEW TECHNOLOGIES ON BOOK AND JOURNAL PUBLICATION PROCESSES.FURTHERMORE, TO ENSURE OUR SCHOLARS TAKE FULL ADVANTAGE OF AMERICA'S GROWING JOB MARKETS AND TO PROVIDE ADEQUATE EXPOSURE TO COLLEGES AND UNIVERSITIES, GOVERNMENTAL AGENCIES, NOT-FOR-PROFIT THINK TANKS, AND PRIVATE SECTOR CORPORATE JOBS, WE EXPANDED OPPORTUNITIES FOR JOB MARKET EXHIBITORS AND RECRUITERS TO MEET OUR SCHOLARS DURING OUR ANNUAL GRADUATE SCHOOL CONFERENCES.


CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE HISTORICALLY DISADVANTAGED MINORITY ELEMENTARY AND SECONDARY STUDENTS AND ULTIMATELY INCREASE THE POOL OF THESE STUDENTS MOTIVATED AND QUALIFIED TO ENTER COLLEGE. THIS MISSION INCLUDES A) ASSUMING A MORE PROACTIVE STANCE IN THE EDUCATION OF YOUTH; B) EMPLOYING THE DEVELOPMENT OF A GROUP ACHIEVEMENT MODEL FOR DISADVANTAGED ELEMENTARY AND SECONDARY STUDENTS; AND C) INCREASING THE POOL OF STUDENTS WHO ARE PREPARED, MOTIVATED AND QUALIFIED TO ENTER HIGHER EDUCATION.(CONTINUED ON SCHEDULE O)TEN CENTERS THROUGHOUT FLORIDA HAVE INDUCTED APPROXIMATELY 24,000 HIGH ACHIEVING STUDENTS INTO THE NATIONAL ACHIEVERS SOCIETY. APPROXIMATELY 21,600 STUDENTS HAVE COMPETED IN THE ANNUAL BRAIN BOWL SCHOLARSHIP COMPETITIONS. APPROXIMATELY 12,200 HAVE PARTICIPATED IN SAT PREPARATION AND/OR COMPUTER PROGRAMMING COURSES, AFTER SCHOOL PROGRAMS AND SUMMER CAMPS.


MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH BY UNDERREPRESENTED MINORITIES AND WOMEN. TO IMPROVE THEIR CHANCES OF EARNING TENURE AND PROMOTION, FELLOWS RECEIVE A ONE-YEAR SABBATICAL WITH FULL SALARY AND BENEFITS. DURING THE SABBATICAL, FELLOWS ARE REQUIRED TO ENGAGE IN RESEARCH AND TRAINING PROJECTS DIRECTLY RELATED TO THEIR EFFORTS TO SECURE TENURE AND PROMOTION. WHILE THE PARTICIPATING UNIVERSITY PAYS THE FELLOW'S SALARY, THE FEF PAYS THE UNIVERSITY $15,000 TO ASSIST WITH NECESSARY TEACHING REPLACEMENTS AND SUPPORT COSTS. SINCE 1984, THE FEF HAS AWARDED 261 JUNIOR FACULTY FELLOWSHIPS TO AFRICAN AMERICANS, WOMEN, AND OTHER HISTORICALLY UNDERREPRESENTED MINORITIES. (CONTINUED ON SCHEDULE O)THIS INCLUDES FIVE NEW JUNIOR FACULTY FELLOWSHIPS FOR THE 2024-2025 ACADEMIC YEAR. THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM ADVANCES FACULTY DIVERSITY WITHIN FLORIDA COLLEGES AND UNIVERSITIES. OF THE 261 FELLOWS AWARDED SINCE 1984, 106 HAVE OBTAINED TENURE OR PROMOTION OR HAVE EARNED DOCTORAL DEGREES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Robert Lnixon
Board Chair
$0
Dr Sylvia Wilson Thomas
Secretary/treasurer
$0
Dr Shandale Terrell
Member
$0
Dr Dovie Gamble
Member
$0
Dr Claude Villers
Member
$0
Dr Jaffus Hardrick
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$48,334
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,002,495
All other contributions, gifts, grants, and similar amounts not included above$246,465
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,297,294
Total Program Service Revenue$46,550
Investment income $598,423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $308,214
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,253,062

Grants Awarded

Over the last fiscal year, Florida Education Fund Inc has awarded $176,954 in support to 9 organizations.

Grant RecipientAmount

ATLANTIC COAST CENTER OF EXCELLENCE

PURPOSE: TO MOTIVATE ELEMENTARY AND SECONDARY STUDENTS TO PREPARE FOR COLLEGE - SEE FORM 990, PART III, LINE 4B

$26,000

NORTH FLORIDA CENTER OF EXCELLENCE

PURPOSE: SAME AS ABOVE

$24,500

PALM BEACH COUNTY CENTER OF EXCELLENCE

PURPOSE: SAME AS ABOVE

$15,000

PASCO-HERNANDO CENTER OF EXCELLENCE

PURPOSE: SAME AS ABOVE

$12,500

SOUTH FLORIDA CENTER OF EXCELLENCE

PURPOSE: SAME AS ABOVE

$26,000

SANTA FE COMMUNITY COLLEGE CENTER OF EXCELLENCE

PURPOSE: SAME AS ABOVE

$13,751
View Grant Profile

Peer Organizations

Organization NameAssets
Special Operations Warrior Foundation
Tampa, FL
$16,775,569
Hire Heroes Usa
Alpharetta, GA
$15,866,066
Vinik Family Foundation
Tampa, FL
$29,773,809
Apogee Georgia School Choice Scholarship Fund
Atlanta, GA
$15,835,336
Scholarships For Kids Inc
Birmingham, AL
$25,068,180
Inspire Brands Foundation Inc
Atlanta, GA
$15,116,341
Watson-Brown Foundation Inc
Thomson, GA
$2,880,157
Floridamakes Inc
Orlando, FL
$8,574,194
Birmingham Promise Inc
Birmingham, AL
$7,953,999
Broward Education Foundation Inc
Fort Lauderdale, FL
$7,349,000
Alef Fund Inc
Atlanta, GA
$6,190,879
University Of West Georgia Foundation Inc
Carrollton, GA
$10,389,838
Uab Research Foundation
Birmingham, AL
$6,912,834
The Fund For Theological Education Inc
Atlanta, GA
$7,187,666
Hui Huliau
Tampa, FL
$31,143,317
Coca-Cola Scholars Foundation Inc
Atlanta, GA
$8,693,738
Arete Scholars Fund Inc
Dacula, GA
$5,894,748
Eminent Scholars Foundation
Huntsville, AL
$754,182
Bailey Family Foundation Inc
Tampa, FL
$745,717
Florida Education Fund Inc
Tampa, FL
$5,253,062
Suncoast Credit Union Foundation
Tampa, FL
$5,210,276
Universal Orlando Foundation Inc
Orlando, FL
$3,284,967
Foundation For Applied Molecular Evolution Inc
Alachua, FL
$3,775,413
George Snow Scholarship Fund Inc
Boca Raton, FL
$3,613,699
Orange Blossom Football Classic Association Inc
Miramar, FL
$3,586,148

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