Clay County Education Foundation
- Assets
- $371.9k
- Revenue
- $738.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Green Cove Springs, FL
- Founding
- 08/1988
- Data as of
- 06/2024
- EIN
- 59-2860147
Organization Overview
Clay County Education Foundation is located in Green Cove Springs, FL. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clay County 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 06/2024, Clay County Education Foundation generated $738.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $592.2k during the year ending 06/2024. While expenses have increased by 17.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
AS THE RECOGNIZED DISTRICT-WIDE EDUCATION FOUNDATION FOR CLAY COUNTY SCHOOL DISTRICT, WE WORK COLLABORATIVELY WITH SCHOOL LEADERS TO DETERMINE HOW AND WHERE PRIVATE-SECTOR INVESTMENT AND VOLUNTEER INVOLVEMENT CAN HAVE THE GREATEST IMPACT ON STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESILIENCY THROUGH COMMUNITY. THE FOUNDATION PROMOTES RESILIENCY CHARACTERISTICS, LEADING TO BETTER ACADEMIC PERFORMANCE AND EMOTIONAL WELL-BEING. BY CONNECTING STUDENTS AND THEIR FAMILIES TO SCHOOL AND COMMUNITY RESOURCES, THE FOUNDATION WORKS TO CREATE A SAFE AND POSITIVE LEARNING ENVIRONMENT. ACTIVITIES INCLUDE MENTORING, TEACHER-LED GRANTS, AND PROFESSIONAL DEVELOPMENT FOR STAFF.
TOOLS 4 CLAY SCHOOLS. THE TOOLS 4 CLAY SCHOOLS STORE PROVIDES SCHOOL SUPPLIES TO ALL CLAY COUNTY DISTRICT SCHOOL TEACHERS FOR THEIR CLASSROOMS AND STUDENTS IN NEED. TEACHERS MAY SHOP FOR FREE AT TWO LOCATIONS FOUR TIMES A YEAR. THE TOOLS 4 CLAY SCHOOLS PROGRAM REACHES TEACHERS AT EVERY GRADE LEVEL FROM EVERY SCHOOL IN THE DISTRICT. A COMBINATION OF FINANCIAL SUPPORT AND DONATED PRODUCTS KEEPS THE SHELVES STOCKED.
OTHER PROGRAMS. OTHER PROGRAMS INCLUDE GRANTS 4 GREAT IDEAS, A CLASSROOM GRANT PROGRAM DESIGNED TO FUND CREATIVE AND INNOVATIVE TEACHING STRATEGIES THAT ENHANCE STUDENT LEARNING IN LITERACY AND STEM. IN ADDITION, THE FOUNDATION PARTNERS WITH COMMUNITY GROUPS TO AWARD SCHOLARSHIPS TO DESERVING CLAY COUNTY SENIORS. A PARTNERSHIP WITH THE FLORIDA PREPAID COLLEGE FOUNDATION MAXIMIZES SCHOLARSHIPS. FINALLY, THE FOUNDATION SUPPORTS STUDENTS THROUGH LITERACY INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Krall Presidentceo | Officer | 40 | $73,236 |
Heather Obermiller Vice-President | Officer | 40 | $52,500 |
Brady White Member | Trustee | 1 | $0 |
Carla Lomack Member | Trustee | 1 | $0 |
Jeff Moore Member | Trustee | 1 | $0 |
Atheia Gillespie Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,585 |
| Related organizations | $0 |
| Government grants | $23,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $707,376 |
| Noncash contributions included in lines 1a–1f | $86,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,815 |
| Total Program Service Revenue | $0 |
| Investment income | $722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,271 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $738,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,971 |
| Grants and other assistance to domestic individuals. | $72,698 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,668 |
| Compensation of current officers, directors, key employees. | $14,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,245 |
| 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 | $13,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,000 |
| Advertising and promotion | $13,829 |
| Office expenses | $6,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,309 |
| Travel | $3,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $217 |
| All other expenses | $0 |
| Total functional expenses | $592,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $236,745 |
| Pledges and grants receivable | $55,553 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,441 |
| Prepaid expenses and deferred charges | $24,112 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $371,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $304,869 |
| Net assets with donor restrictions | $66,982 |
| 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 | $371,851 |
Grants Awarded
Over the last fiscal year, Clay County Education Foundation has awarded $296,792 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLAY COUNTY DISTRICT SCHOOL BOARD PURPOSE: Support teachers and students | $271,792 |
DONORS CHOOSE PURPOSE: Grants for educational projects | $25,000 |