Citrus County Education Foundation Inc
- Assets
- $540.6k
- Revenue
- $636.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Inverness, FL
- Founding
- 10/1992
- Data as of
- 06/2021
- EIN
- 59-3138328
Organization Overview
Citrus County Education Foundation Inc is located in Inverness, FL. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Citrus County Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citrus County 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 06/2021, Citrus County Education Foundation Inc generated $636.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $435.3k during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CITRUS COUNTY EDUCATION FOUNDATION, INC. PROVIDES RESOURCES TO SUPPORT CITRUS COUNTY SCHOOLS TO ENHANCE THE QUALITY OF EDUCATION. THE FOUNDATION IS DEDICATED TO: ENCOURAGING BUSINESS AND COMMUNITY INVOLVEMENT IN THE PUBLIC SCHOOL SYSTEM. PROMOTING CREATIVE AND INNOVATIVE EDUCATIONAL PROGRAMS. FOSTERING EXCELLENCE IN LEARNING. RECOGNIZING OUTSTANDING ACHIEVEMENTS OF STUDENTS, TEACHERS, SUPPORT PERSONNEL AND ADMINISTRATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FUNDS TO TEACHERS IN THE FORM OF MINI-GRANTS AND SUPPORTED EDUCATION IN CITRUS COUNTY BY RECOGNIZING THE TEACHER AND EMPLOYEE OF THE YEAR. THE ORGANIZATION RECOGNIZED OUTSTANDING PERFORMANCE IN THE CLASSROOM BY BOTH TEACHER AND SUPPORT PERSONNEL.
THE ORGANIZATION RECEIVED FUNDS FOUNDATIONS AND CONTRIBUTORS TO SUPPORT EDUCATIONAL ACTIVITIES CONDUCTED BY THE CITRUS COUNTY DISTRICT SCHOOLS. THESE PROGRAMS WERE USED TO SUPPORT DISTRICT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbieri Amy Treasurer | OfficerTrustee | 10 | $0 |
Ted King Vice Preside | OfficerTrustee | 10 | $0 |
Tiffany King Secretary | OfficerTrustee | 10 | $0 |
Linda Rodgers Past Preside | OfficerTrustee | 15 | $0 |
White David President | OfficerTrustee | 15 | $0 |
Shaunda Jo Burdette Executive Di | Trustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,576 |
| Total Program Service Revenue | $0 |
| Investment income | $1,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $144,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,644 |
| 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 | $52,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| 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 | $16,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,563 |
| Travel | $401 |
| 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 | $59 |
| Insurance | $369 |
| All other expenses | $81,294 |
| Total functional expenses | $435,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,780 |
| Savings and temporary cash investments | $515,775 |
| Pledges and grants receivable | $0 |
| 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 | $540,555 |
| 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 | $3,769 |
| Total liabilities | $3,769 |
| Net assets without donor restrictions | $329,129 |
| Net assets with donor restrictions | $207,657 |
| 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 | $540,555 |
Grants Awarded
Over the last fiscal year, Citrus County Education Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANT CITRUS SCHOOLS -AVID | | | $25,000 |
GRANT MARINE SCIENCE STATION | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Citrus County Education Foundation Inc has recieved totaling $241,651.
| Awarding Organization | Amount |
|---|---|
U S Family Foundation Inc Inverness, FL PURPOSE: FURTHER THE CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC EFFORTS OF THE CHARITY | $117,976 |
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $73,675 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $30,000 |
Black Diamond Foundation Inc Lecanto, FL PURPOSE: scholarship, education programs, teacher support | $14,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $6,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
Plato Academy Schools Corporation Clearwater, FL | $134,350,424 | $31,890,679 |
Early Learning Coalition Of Northwest Florida Inc Marianna, FL | $3,346,474 | $28,789,946 |
Early Learning Coalition Of Osceola County Inc Kissimmee, FL | $3,012,946 | $27,905,401 |
Faculty Associates Incorporated Gainesville, FL | $18,354,841 | $24,140,038 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |