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 06/2023, 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 06/2023, Brevard Schools Foundation Inc generated $3.6m 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 $3.5m during the year ending 06/2023. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BREVARD SCHOOLS FOUNDATION HELPS FILL EDUCATIONAL FUNDING AND OPPORTUNITY GAPS AT 85 BREVARD PUBLIC SCHOOLS, FOR 75,000 STUDENTS AND 5,000 TEACHERS BY SUPPORTING INNOVATION, ENGAGING COMMUNITIES AND CHANGING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS-SCHOOL BASED. THE FOUNDATION SUPPORTS INNOVATION IN ALL 85 BREVARD PUBLIC SCHOOLS(BPS) BY RAISING FUNDS AND DIRECTING DONOR DESIGNATED GIFTS TO AREAS THAT ENHANCE EDUCATION. STUDENTS BENEFIT 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 ANNUAL STUDY TRIPS FOR EACH OF THE DISTRICTS: 5TH GRADE STUDENTS TO THE BREVARD SYMPHONY ORCHESTRA; 6TH GRADE STUDENTS TO KENNEDY SPACE CENTER FOR THE DESTINATION SPACE PROGRAM; AND THE 8TH GRADE STUDENTS TO THE MOORE MULTICULTURAL CENTER. BSF HOSTS THE ABC AWARDS ANNUAL RECOGNITION EVENT, IMPLEMENTING SEVERAL TEACHING QUALITY INTIATIVES AND PROVIDING THE TAKE STOCK IN CHILDREN PROGRAM.
SCHOLARSHIPS AND STUDENT AWARDS - 148 AWARDED (94 SENIOR SCHOLARSHIPS AND 54 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 FOUNDATIONS TAKE STOCK IN CHILDREN (TSIC) DROP-OUT PREVENTION PROGRAM OFFERED SCHOLARSHIPS FOR INCOME-ELIGIBLE STUDENTS WHO MET TSIC REQUIREMENTS.
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 SINCE INCEPTION.
ESTABLISHED IN BREVARD COUNTY IN 1996, TAKE STOCK IN CHILDREN IS A DROP-OUT PREVENTION, COLLEGE READINESS, SCHOLARSHIP AND MENTORING PROGRAM FOR DESERVING, LOW-INCOME, AT-RISK MIDDLE AND HIGH SCHOOL STUDENTS WHO DESIRE TO ATTEND COLLEGE. TSIC PROMOTES PERSONAL GROWTH, SELF RESPONSIBILITY, AND ACADEMIC SUCCESS BY PROVIDING A UNIQUE SET OF RESOURCES INCLUDING MENTORS, SCHOLARSHIPS, LONG-TERM SUPPORT, STUDENT ADVOCACY, AND A GUARANTEED EDUCATIONAL OPPORTUNTY. UPON SUCCESSFUL COMPLETION, 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janice Kershaw President & | OfficerTrustee | 40 | $114,032 |
Sharon Barry Member | Trustee | 1 | $0 |
Briana Birstok Student Memb | Trustee | 1 | $0 |
Jim Clamons Member | Trustee | 1 | $0 |
Andy Day Member | Trustee | 1 | $0 |
Leslie Dooley Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $11,549 |
Membership dues | $0 |
Fundraising events | $282,491 |
Related organizations | $0 |
Government grants | $343,637 |
All other contributions, gifts, grants, and similar amounts not included above | $2,859,124 |
Noncash contributions included in lines 1a–1f | $591,076 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,496,801 |
Total Program Service Revenue | $0 |
Investment income | $80,447 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $92,185 |
Net Income from Fundraising Events | -$39,012 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,630,421 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,387,650 |
Grants and other assistance to domestic individuals. | $425,043 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $114,032 |
Compensation of current officers, directors, key employees. | $48,576 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $481,963 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $42,532 |
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 | $118,255 |
Advertising and promotion | $0 |
Office expenses | $634,102 |
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 | $3,475,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,017,054 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $254,499 |
Accounts receivable, net | $3,763 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $393,238 |
Prepaid expenses and deferred charges | $17,077 |
Net Land, buildings, and equipment | $669 |
Investments—publicly traded securities | $2,628,247 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,874,990 |
Total assets | $7,189,537 |
Accounts payable and accrued expenses | $110,220 |
Grants payable | $0 |
Deferred revenue | $43,798 |
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 | $154,018 |
Net assets without donor restrictions | $754,799 |
Net assets with donor restrictions | $6,280,720 |
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 | $7,189,537 |