Hillsborough Education Foundation Inc
- Assets
- $10.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Tampa, FL
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 59-2883361
Organization Overview
Hillsborough Education Foundation Inc is located in Tampa, FL. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Hillsborough Education Foundation Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsborough Education Foundation 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, Hillsborough Education Foundation Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 0.9% 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.
Since 2015, Hillsborough Education Foundation Inc has awarded 46 individual grants totaling $4,196,544. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN PUBLIC EDUCATION IN HILLSBOROUGH COUNTY THROUGH INVESTMENT OF RESOURCES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR TEACHING TOOLS PROGRAM PROVIDES CRITICAL SCHOOL SUPPLIES AND CLASSROOM RESOURCES YEAR-ROUND TO TEACHERS IN TITLE 1 SCHOOLS. TEACHING TOOLS IS A REAL BRICK AND MORTAR STORE PRIMARILY STOCKED THROUGH DONATIONS OF SCHOOL SUPPLIES FROM INDIVIDUALS AND BUSINESSES WHERE TEACHERS SHOP FOR FREE SCHOOL SUPPLIES TO DISTRIBUTE TO THEIR STUDENTS IN NEED. WITH THE HELP OF VOLUNTEERS WHO GAVE 5,293 HOURS, TEACHING TOOLS SERVED 176 SCHOOLS AND PROVIDED RESOURCES TO MORE THAN 2,600 TEACHERS IN 2022-23.
AS AN AFFILIATE OF THE STATEWIDE TAKE STOCK IN CHILDREN PROGRAM, STUDENTS AT OR BELOW POVERTY LEVEL ALONG WITH OTHER RISK FACTORS ARE PROVIDED A MENTOR, COLLEGE SUCCESS COACH AND THE COMMITMENT OF A COLLEGE SCHOLARSHIP. DURING 2022-23, 321 STUDENTS PARTICIPATED IN THE TAKE STOCK PROGRAM. FOR THE 2023 SENIOR CLASS, 85 STUDENTS IN THE MENTORING PROGRAM GRADUATED AND EARNED THEIR SCHOLARSHIP. THE FOUNDATION ALSO AWARDS COMMUNITY SCHOLARSHIPS TO STUDENTS. FOR FY32, 253 STUDENTS WERE AWARDED A COMMUNITY SCHOLARSHIP.
THROUGH SCHOOL AND CLASSROOM ENRICHMENT GRANTS THE FOUNDATION PROVIDES FUNDING FOR SCHOOLS AND TEACHERS TO INCREASE THEIR CAPACITY TO DELIVER EFFECTIVE AND INNOVATIVE INSTRUCTIONAL STRATEGIES THAT ENHANCE AND EXPAND LEARNING. THE FOUNDATION AWARDED 172 GRANTS TO SUPPORT STEAM, LITERACY, ENGLISH LANGUAGE ARTS AND OTHER EDUCATIONAL AREAS IMPACTING OVER 31,000 STUDENTS AT 90 SCHOOLS IN 2022-23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Jowell President, CEO | OfficerTrustee | 40 | $211,314 |
Drew Marshall Chair | OfficerTrustee | 2 | $0 |
Chris Taylor Vice-Chair | OfficerTrustee | 2 | $0 |
Joyce Haines PHD Secretary | OfficerTrustee | 2 | $0 |
Mark Fernandez Treasurer | OfficerTrustee | 2 | $0 |
Maureen Butler Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $497,355 |
| Related organizations | $0 |
| Government grants | $1,701,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,581,204 |
| Noncash contributions included in lines 1a–1f | $2,653,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,779,772 |
| Total Program Service Revenue | $13,718 |
| Investment income | $186,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,169 |
| Net Income from Fundraising Events | -$179,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,821,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,082,181 |
| Grants and other assistance to domestic individuals. | $1,522,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $482,219 |
| Compensation of current officers, directors, key employees. | $42,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,177,554 |
| Pension plan accruals and contributions | $24,405 |
| Other employee benefits | $160,531 |
| Payroll taxes | $123,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,651 |
| Fees for services: Other | $67,868 |
| Advertising and promotion | $193,972 |
| Office expenses | $75,620 |
| Information technology | $116,810 |
| Royalties | $0 |
| Occupancy | $70,116 |
| Travel | $80,531 |
| 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 | $60,630 |
| Insurance | $52,460 |
| All other expenses | $5,109 |
| Total functional expenses | $8,055,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,107 |
| Savings and temporary cash investments | $152,375 |
| Pledges and grants receivable | $922,825 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $53,919 |
| Net Land, buildings, and equipment | $326,132 |
| Investments—publicly traded securities | $6,238,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,651,859 |
| Total assets | $10,906,821 |
| Accounts payable and accrued expenses | $324,885 |
| Grants payable | $677,426 |
| Deferred revenue | $15,340 |
| 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 | $1,017,651 |
| Net assets without donor restrictions | $2,681,363 |
| Net assets with donor restrictions | $7,207,807 |
| 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 | $10,906,821 |
Grants Awarded
Over the last fiscal year, Hillsborough Education Foundation Inc has awarded $785,183 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HILLSBOROUGH COUNTY PUBLIC SCHOOLS PURPOSE: School and classroom enrichment, District wide support | $617,108 |
EVERFI INC PURPOSE: STEM Endeavor project | $60,000 |
JR ACHIEVEMENT OF TAMPA BAY PURPOSE: 3DE Support | $12,500 |
ALLIANCE FOR PUBLIC SCHOOLS FOUNDATION INC PURPOSE: Tampa Bay STEM Network | $58,950 |
HCPS SECURITY AND EMERGENCY MANAGEMENT INC PURPOSE: Support HCPS security and emergency activites | $28,625 |
ALLEN TEMPLE AME CHURCH PURPOSE: Tampa Bay STEM Network | $8,000 |