Tsic Inc
- Assets
- $7.4m
- Revenue
- $8.5m
- Investments
- $906.3k
- Employees
- 15
- Location
- Fort Lauderdale, FL
- Founding
- 03/1996
- Data as of
- 06/2022
- EIN
- 59-3331584
Organization Overview
Tsic Inc is located in Fort Lauderdale, FL. The organization was established in 1996. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Tsic Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tsic 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, Tsic Inc generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $8.4m 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 2015, Tsic Inc has awarded 350 individual grants totaling $38,803,854. 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
PROVIDES MENTORS, COLLEGE SCHOLARSHIPS AND HOPE TO LOW-INCOME AT-RISK STUDENTS IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE STOCK IN CHILDREN USES A SUSTAINABLE PUBLIC-PRIVATE MODEL THAT ENABLES 97% OF OUR STUDENTS TO GRADUATE FROM HIGH SCHOOL AND 90% ENROLL INTO POSTSECONDARY EDUCATION WITH A FULL TUITION SCHOLARSHIP AND 72% GRADUATE WITH A POSTSECONDARY DEGREE. THIS PROGRAM HAS SERVED MORE THAN 39,000 OF FLORIDA'S CHILDREN AND PROVIDED MORE THAN $270 MILLION IN COLLEGE SCHOLARSHIPS TO DESERVING LOW-INCOME CHILDREN WHOSE HOUSEHOLD INCOME FALLS BELOW 185% OF THE FEDERAL POVERTY GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jillian Hasner President/ceo | OfficerTrustee | 60 | $247,500 |
John Locke Comptroller | 40 | $113,876 | |
Casey Fisher Director Of Scholarship Management And Program | 40 | $110,650 | |
Christine Knepper Chairman | OfficerTrustee | 1 | $0 |
Husein Cumber Director | Trustee | 1 | $0 |
Claudia Davant Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civitas Strategiesllc Federal Grant Support, Scaling And Train | 6/29/19 | $328,086 |
Conversa Llc Mentor Recruitment Materials/45 Local Af | 6/29/19 | $148,046 |
The Evaluation Group Independent Programmatic Evaluation - Fe | 6/29/19 | $113,830 |
Luminary Evaluation Group Independent Programmatic Evaluations - 2 | 6/29/19 | $102,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,715,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,685,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,401,372 |
| Total Program Service Revenue | $0 |
| Investment income | $22,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,528,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,949,471 |
| Grants and other assistance to domestic individuals. | $430,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,500 |
| Compensation of current officers, directors, key employees. | $50,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $886,389 |
| Pension plan accruals and contributions | $41,143 |
| Other employee benefits | $80,001 |
| Payroll taxes | $79,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,549 |
| Fees for services: Accounting | $29,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,958 |
| Fees for services: Other | $279,789 |
| Advertising and promotion | $19,953 |
| Office expenses | $62,607 |
| Information technology | $1,023,487 |
| Royalties | $0 |
| Occupancy | $24,723 |
| Travel | $19,633 |
| 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 | $413 |
| Insurance | $14,183 |
| All other expenses | $179,701 |
| Total functional expenses | $8,388,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,690,084 |
| Savings and temporary cash investments | $479,777 |
| Pledges and grants receivable | $52,735 |
| 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 | $2,302,437 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $906,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,431,299 |
| Accounts payable and accrued expenses | $156,898 |
| Grants payable | $0 |
| Deferred revenue | $394,369 |
| 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 | $1,283,155 |
| Total liabilities | $1,834,422 |
| Net assets without donor restrictions | $2,183,051 |
| Net assets with donor restrictions | $3,413,826 |
| 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 | $7,431,299 |
Grants Awarded
Over the last fiscal year, Tsic Inc has awarded $4,943,508 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Largo, FL PURPOSE: MENTORING | $463,495 |
West Palm Beach, FL PURPOSE: MENTORING | $256,431 |
Tampa, FL PURPOSE: MENTORING | $213,593 |
Jacksonville, FL PURPOSE: MENTORING | $197,344 |
Gainesville, FL PURPOSE: MENTORING | $192,913 |
Key West, FL PURPOSE: MENTORING | $187,743 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tsic Inc has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Loxahatchee Club Educational Foundation Inc Jupiter, FL PURPOSE: GENERAL PURPOSE | $32,000 |
Endowment Analysis
| Beg. Balance | $1,060,430 |
| Earnings | -$85,205 |
| Admin Expense | $13,959 |
| Other Expense | $55,000 |
| Ending Balance | $906,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Downtown Improvement District Inc Atlanta, GA | $12,681,519 | $10,654,610 |
Tsic Inc Fort Lauderdale, FL | $7,431,299 | $8,528,938 |
Rodeheaver Boys Ranch Palatka, FL | $5,785,050 | $3,798,594 |
Impact Family Counseling Vestavia Hills, AL | $3,797,190 | $2,650,337 |
Better Basics Inc Birmingham, AL | $2,776,280 | $1,655,038 |
Vision Atlanta Inc Roswell, GA | $8,660,844 | $1,666,246 |
Unity Family Community Center Inc Williston, FL | $74,496 | $1,175,018 |
Truancy Intervention Project Georgia Inc Atlanta, GA | $1,286,321 | $881,310 |
Thaise Educational And Exposure Tours Inc Sarasota, FL | $209,383 | $578,301 |
Pinella County Sheriffs Police Athletic League Inc Saint Petersburg, FL | $1,846,264 | $770,289 |
Joy House Inc Jasper, GA | $2,203,561 | $806,863 |
Street Smart Youth Project Inc Atlanta, GA | $414,285 | $716,210 |