Suwannee Foundation For Excellence In Education Inc
- Assets
- $80.4k
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Live Oak, FL
- Founding
- 12/1990
- Data as of
- 06/2024
- EIN
- 59-3023133
Organization Overview
Suwannee Foundation For Excellence In Education Inc is located in Live Oak, FL. The organization was established in 1990. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suwannee Foundation For Excellence In Education 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, Suwannee Foundation For Excellence In Education Inc generated $206.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $173.2k during the year ending 06/2024. While expenses have increased by 5.4% 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
PROMOTES EXCELLENCE IN EDUCATION IN SUWANNEE COUNTY, FL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TAKE STOCK IN CHILDREN PROGRAM AWARDS STUDENTS A FOUR-YEAR COLLEGE SCHOLARSHIP IF THEY MEET THE FOLLOWING CRITERIA: 1) MAINTAIN A 2.0 GPA, 2) STAY FREE OF DRUGS, ALCOHOL, AND DISCIPLINE PROBLEMS; AND 3) MEET WITH A MENTOR ONCE PER WEEK.
MATCHING GRANTS (MINI-GRANTS) PROVIDES ADDITIONAL RESOURCES TO TEACHERS OF THE SUWANNEE COUNTY SCHOOL BOARD WHO APPLY AND MEET CRITERIA RANKINGS AS DETERMINED BY THE BOARD OF DIRECTORS. IN ADDITION, THE FOUNDATION PROVIDED SUPPORT TO DISTRICT EMPLOYEES VIA A GRANT FROM THE STATE OF FLORIDA.
THE TEACHER OF THE YEAR PROGRAM PROMOTES EXCELLENCE IN TEACHING WITHIN THE SUWANNEE COUNTY, FLORIDA, SCHOOL DISTRICT. ANNUALLY AWARDS ARE PROVIDED TO THOSE NOMINATED BY THEIR PEERS AND JUDGED WORTHY OF THE RECOGNITION FOR THEIR DEDICATION, KNOWLEDGE, AND SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Williams President | Trustee | 1 | $0 |
JD Curles Vice President | Trustee | 1 | $0 |
Pam Cochran Treasurer | Trustee | 1 | $0 |
Lori Evans Secretary/executive Director | Officer | 30 | $29,919 |
Hunter Abercrombie Board Member | Trustee | 1 | $0 |
Julie Calvitt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,725 |
| Related organizations | $0 |
| Government grants | $158,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,398 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $29,919 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $110,931 |
| Total functional expenses | $173,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,267 |
| 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 | $0 |
| 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 | $80,368 |
| 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 | $80,368 |
| Net assets with donor restrictions | $0 |
| 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 | $80,368 |