Education Foundation Of Indian River County Inc
- Assets
- $790.8k
- Revenue
- $366.3k
- Investments
- $387.8k
- Employees
- 2
- Location
- Vero Beach, FL
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 59-3118402
Organization Overview
Education Foundation Of Indian River County Inc is located in Vero Beach, FL. The organization was established in 1992. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Education Foundation Of Indian River County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of Indian River County 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, Education Foundation Of Indian River County Inc generated $366.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $494.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Education Foundation Of Indian River County Inc has awarded 20 individual grants totaling $2,076,986. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLEMENT EDUCATIONAL PROGRAMS IN INDIAN RIVER COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE FAIR - THE INDIAN RIVER REGIONAL SCIENCE & ENGINEERING FAIR INVOLVES APPROXIMATELY 200 LOCAL VOLUNTEERS, PROFESSIONALS, AND RESEARCH SCIENTISTS WHO MENTOR STUDENTS AND REVIEW SCIENCE PROJECTS. CHILDREN FROM PUBLIC AND PRIVATE SCHOOLS PARTICIPATE IN SCIENTIFIC RESEARCH AND DISCOVERY THAT REINFORCES MATH, READING, AND WRITING SKILLS.TYPICALLY, MORE THAN 10,000 STUDENTS IN THE SCHOOL DISTRICT PARTICIPATE IN SCHOOL BASED FAIRS.
HIGH-IMPACT INNOVATION GRANTS - EACH YEAR WE PROVIDE THE OPPORTUNITY FOR TEACHERS TO APPLY FOR FUNDING TO HELP THEM INITIATE INNOVATIVE PROGRAMS FOR STUDENTS IN THE FOLLOWING AREAS: SCHOOL CULTURE, SCIENCE, MATH, AND READING. WE PROVIDE THE ENTREPRENEURIAL OPPORTUNITY FOR SCHOOL TEAMS TO PILOT AN INNOVATIVE CONCEPT THAT ADVANCES STUDENT ACHIEVEMENT.
STEP INTO KINDERGARTEN - THIS PROGRAM WAS CREATED WITH THE GOAL TO INCREASE THE KINDERGARTEN READINESS OF THE 4 YEAR OLD STUDENTS. THIS WILL DECREASE THE POTENTIAL FOR SUMMER SLIDE BY EXTENDING THE SCHOOL YEAR FOR CHILDREN WHO HAVE PARTICIPATED DURING THE SCHOOL YEAR IN THE VOLUNTARY PRE-KINDERGARTEN (VPK) PROGRAM. TOTAL STUDENTS SERVED - 205
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Herron Executive Director | Officer | 40 | $72,917 |
William Douglas Past President And Chair | OfficerTrustee | 1 | $0 |
Jim Elford Vice Chair | OfficerTrustee | 1 | $0 |
Bob Auwaerter Treasurer | OfficerTrustee | 1 | $0 |
James Mcguigan Past Treasurer | OfficerTrustee | 1 | $0 |
Laica Gerwien-Moreta President And Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $68,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,350 |
| Total Program Service Revenue | $0 |
| Investment income | $4,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $218,693 |
| Grants and other assistance to domestic individuals. | $15,724 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,786 |
| Compensation of current officers, directors, key employees. | $7,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,046 |
| Advertising and promotion | $19,752 |
| Office expenses | $14,186 |
| Information technology | $2,310 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,174 |
| Interest | $40 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $738 |
| Insurance | $2,485 |
| All other expenses | $0 |
| Total functional expenses | $494,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $269,414 |
| 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 | $1,188 |
| Net Land, buildings, and equipment | $583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $387,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $790,776 |
| Accounts payable and accrued expenses | $138,496 |
| Grants payable | $100,000 |
| 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 | $670 |
| Other liabilities | $0 |
| Total liabilities | $239,166 |
| Net assets without donor restrictions | $371,949 |
| Net assets with donor restrictions | $179,661 |
| 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 | $790,776 |
Grants Awarded
Over the last fiscal year, Education Foundation Of Indian River County Inc has awarded $218,693 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF INDIAN RIVER COUNTY PURPOSE: PROVIDE FUNDING FOR STEP INTO KINDERGARTEN PRE-K SUMMER PROGRAM. | $136,164 |
SCHOOL DISTRICT OF INDIAN RIVER COUNTY PURPOSE: PROVIDE FUNDS FOR CLASSROOM AND SCHOOL PROJECTS NOT NORMALLY FUNDED BY THE SCHOOL SYSTEM. | $82,529 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Education Foundation Of Indian River County Inc has recieved totaling $104,189.
| Awarding Organization | Amount |
|---|---|
Johns Island Community Service League Vero Beach, FL PURPOSE: SUMMER STEP INTO K | $35,000 |
United Way Of Indian River County Inc Vero Beach, FL PURPOSE: STEP INTO KINDERGART | $33,250 |
Johns Island Community Service League Vero Beach, FL PURPOSE: 90X9 ALBEGRA TRAININ | $13,500 |
Jake Owen Foundation Nashville, TN PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $10,000 |
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $9,685 |
Archie S Wingfield Jr Charitable Tr Under Ex A Para E Of Archie S W Vero Beach, FL PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $123,804 |
| Earnings | -$12,895 |
| Other Expense | $4,485 |
| Ending Balance | $106,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |