Brevard Schools Foundation Inc is located in Viera, FL. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Brevard Schools Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard Schools 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 06/2022, Brevard Schools Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BREVARD SCHOOLS FOUNDATION IS THE DIRECT-SUPPORT, NON-PROFIT ORGANIZATION WHICH MATCHES COMMUNITY RESOURCES WITH THE NEEDS OF BREVARD PUBLIC SCHOOLS IN ORDER TO ENHANCE PUBLIC EDUCATION K-12. THE FOUNDATION HAS BEEN RANKED NATIONALLY FOR ITS SUPPORT OF PUBLIC EDUCATION AND IS DESIGNATED AS A "DISTINGUISHED" FOUNDATION OF EXCELLENCE BY THE CONSORTIUM OF FLORIDA EDUCATION FOUNDATIONS. THE FOUNDATION HAS PROVIDED MORE THAN 66 MILLION IN BENEFIT SINCE 1987.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS-SCHOOL BASED THE FOUNDATION SUPPORTS INNOVATION IN ALL OF THE BREVARD PUBLIC SCHOOLS(BPS) 85 SCHOOLS BY RAISING FUNDS FOR DIRECTING DONOR DESIGNATED GIFTS TO AREAS THAT ENHANCE EDUCATION. FUNDING BENEFITS STUDENTS THROUGH PROGRAMS, SUCH AS ROBOTICS, INNOVATION LABS, SCIENCE AND ART FAIRS, AS WELL AS THROUGH PROFESSIONAL DEVELOPMENT AND TRAINING FOR BPS TEACHERS. THE FOUNDATION DIRECTLY SUPPORTS AN ANNUAL STUDY TRIP FOR EACH OF THE DISTRICTS 6TH GRADE STUDENTS TO KENNEDY SPACE CENTER FOR THE DESTINATION SPACE PROGRAM, THE ABC AWARDS ANNUAL RECOGNITION EVENT TO HONOR AND SAY THANK YOU TO THOSE IN SERVICE TO OUR CHILDREN, AND MENTORING AND COLLEGE READINESS SERVICES TO THE STUDENTS IN THE TAKE STOCK IN CHILDREN PROGRAM.
SUPPLY ZONE FOR TEACHERS ESTABLISHED IN 2014, THE SUPPLY ZONE FOR TEACHERS IS A RESOURCE CENTER THAT ENGAGES COMMUNITIES THROUGH SUPPLY DRIVES AND FUNDRAISING TO PROVIDE FREE SUPPLIES TO TEACHERS AT HIGH-POVERTY SCHOOLS. BY FOCUSING ON LOW-INCOME AND HOMELESS STUDENT POPULATIONS, THE SUPPLY ZONE WORKS TO ENSURE THAT ALL CHILDREN HAVE ACCESS TO THE NECESSARY SCHOOL SUPPLIES AND HYGIENE PRODUCTS DESPITE THEIR CIRCUMSTANCES. STUDENTS NO LONGER HAVE TO FEEL DISCONNECTED, EMBARRASSED, AND UNPREPARED WHEN THEY COME TO SCHOOL WITHOUT SUPPLIES; THE TOOLS THEY NEED TO SUCCEED ARE READY AND WAITING FOR THEM IN THE CLASSROOM. THE SUPPLY ZONE HAS DISTRIBUTED MORE THAN 7.5 MILLION IN FREE SUPPLIES INCLUDING EMERGENCY RELIEF DUE TO THE PANDEMIC, SINCE INCEPTION.
ESTABLISHED IN BREVARD COUNTY IN 1996, TAKE STOCK IN CHILDREN IS A DROP-OUT PREVENTION, SCHOLARSHIP AND MENTORING PROGRAM FOR DESERVING, AT-RISK MIDDLE AND HIGH SCHOOL STUDENTS ENROLLED IN THE BREVARD PUBLIC SCHOOL SYSTEM WHO DESIRE TO ATTEND COLLEGE. THE MISSION OF TAKE STOCK IN CHILDREN IS TO PASSIONATELY PROMOTE PERSONAL GROWTH, SELF-RESPONSIBILITY, AND ACADEMIC SUCCESS FOR DESERVING LOW-INCOME CHILDREN BY PROVIDING A UNIQUE SET OF RESOURCES INCLUDING MENTORS, SCHOLARSHIPS, LONG-TERM SUPPORT, STUDENT ADVOCACY, COLLEGE READINESS, AND A GUARANTEED EDUCATIONAL OPPORTUNITY. UPON SUCCESSFUL COMPLETION OF THE PROGRAM AND HIGH SCHOOL, STUDENTS RECEIVE A TWO-YEAR COLLEGE SCHOLARSHIP. IN THE LAST FIVE YEARS, TAKE STOCK IN CHILDREN OF BREVARD COUNTY BOASTS A 100% GRADUATION RATE AND A 94% COLLEGE ENTRANCE RATE FOR STUDENTS WHO ENTER THE PROGRAM.
SCHOLARSHIPS AND STUDENT AWARDS - 140 AWARDED (94 SENIOR SCHOLARSHIPS AND 46 FLORIDA PREPAID SCHOLARSHIPS) SCHOLARSHIPS CHANGE LIVES BY HELPING STUDENTS ACHIEVE THEIR HIGHER EDUCATION GOALS AND DREAMS. THE SCHOLARSHIPS FOR GRADUATING SENIORS PROGRAM OFFERED MERIT OR NEED-BASED SCHOLARSHIP OPPORTUNITIES. THE FOUNDATION'S TAKE STOCK IN CHILDREN (TSIC) DROP-OUT PREVENTION PROGRAM OFFERED SCHOLARSHIPS FOR INCOME-ELIGIBLE STUDENTS WHO MET TSIC REQUIREMENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janice Kershaw President & | OfficerTrustee | 40 | $101,526 |
Mike Lafortune Immediate Pa | OfficerTrustee | 1 | $0 |
Richard Miller Chair | OfficerTrustee | 1 | $0 |
Christine Noll-Rhan Treasurer | OfficerTrustee | 1 | $0 |
Kyle Nylander Secretary | OfficerTrustee | 1 | $0 |
Johnathan Wilkes Vice Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $11,276 |
Membership dues | $0 |
Fundraising events | $231,622 |
Related organizations | $0 |
Government grants | $359,090 |
All other contributions, gifts, grants, and similar amounts not included above | $4,696,310 |
Noncash contributions included in lines 1a–1f | $1,927,669 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,298,298 |
Total Program Service Revenue | $0 |
Investment income | $143,596 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$517,045 |
Net Income from Fundraising Events | -$35,242 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,889,607 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,513,637 |
Grants and other assistance to domestic individuals. | $417,785 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $101,526 |
Compensation of current officers, directors, key employees. | $47,514 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $465,363 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $40,739 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $74,273 |
Advertising and promotion | $0 |
Office expenses | $1,849,762 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $4,691,043 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,069,378 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $195,715 |
Accounts receivable, net | $41,280 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $342,084 |
Prepaid expenses and deferred charges | $16,133 |
Net Land, buildings, and equipment | $1,287 |
Investments—publicly traded securities | $2,455,615 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,100,194 |
Total assets | $7,221,686 |
Accounts payable and accrued expenses | $160,925 |
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 | $160,925 |
Net assets without donor restrictions | $557,315 |
Net assets with donor restrictions | $6,503,446 |
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 | $7,221,686 |
Over the last fiscal year, we have identified 17 grants that Brevard Schools Foundation Inc has recieved totaling $435,472.
Awarding Organization | Amount |
---|---|
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $161,154 |
L3harris Foundation Inc Melbourne, FL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $125,505 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $42,916 |
Heineman Foundation For Resrch Edu Ctnl Charitable & Sci Purposes Inc New York, NY PURPOSE: GENERAL PURPOSE | $40,000 |
Rsm Us Foundation Davenport, IA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $15,262 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,756 |
Beg. Balance | $1,205,149 |
Earnings | -$138,695 |
Net Contributions | $13,250 |
Other Expense | $431,502 |
Grants | $5,758 |
Ending Balance | $642,444 |
Organization Name | Assets | Revenue |
---|---|---|
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Imagine - South Broward Inc Sunrise, FL | $1,098,870 | $2,986,588 |
Pure Edge Inc Palm Beach, FL | $739,291 | $2,020,460 |
Alternative Education Foundation Inc Davie, FL | $702,527 | $2,696,201 |
Education Foundation Of Sarasota Co Unty Inc Sarasota, FL | $5,086,867 | $4,227,915 |