Dixie Education Foundation Inc
- Assets
- $710.0k
- Revenue
- $192.7k
- Investments
- $122.0k
- Employees
- 0
- Location
- Cross City, FL
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 59-3487726
Organization Overview
Dixie Education Foundation Inc is located in Cross City, FL. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie 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 06/2022, Dixie Education Foundation Inc generated $192.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $208.5k during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DIXIE EDUCATION FOUNDATION, INC. IS TO PROVIDE ASSISTANCE TO THE STUDENTS OF DIXIE COUNTY SCHOOLS IN OBTAINING SCHOLARSHIPS FOR HIGHER EDUCATION AND TO SUPPORT OTHER ACTIVITIES BENEFICIAL TO DIXIE COUNTY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS FOR SCHOLARSHIPS WERE 196,506 DISBURSED TO FL GATEWAY TAKE STOCK IN CHILDREN PROGRAM 328
EXPENSES FOR SCHOLARSHIP RECOGNITION NIGHT
GRANT FROM BLUE WOLF FOR THE PURPOSE OF DEVELOPING TECHNICAL EDUCATIONAL OPPORTUNITIES FOR DIXIE COUNTY STUDENTS WHO ARE NOT PURSUING COLLEGE EDUCATION.
FUNDING FROM STATE OF FL TAG PROGRAM AND LOCAL "APPLES FOR EDUCATION" USED TO PROVIDE EDUCATIONAL SUPPLIES TO ELEMENTARY SCHOOLS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Barber Treasurer | OfficerTrustee | 15 | $0 |
Christine Smith Director | Trustee | 1 | $0 |
Jessica Swails Vice Preside | OfficerTrustee | 10 | $0 |
Carol West President | OfficerTrustee | 15 | $0 |
Kenneth Baumer Director | Trustee | 1 | $0 |
Cindy Bellot Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $690 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,367 |
| Total Program Service Revenue | $0 |
| Investment income | -$43,686 |
| 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 | $192,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,807 |
| Grants and other assistance to domestic individuals. | $190,997 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,501 |
| Fees for services: Other | $2,850 |
| Advertising and promotion | $703 |
| Office expenses | $1,063 |
| 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 | $580 |
| Total functional expenses | $208,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,601 |
| Savings and temporary cash investments | $5 |
| 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 | $251,424 |
| Investments—other securities | $121,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $710,002 |
| 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 | $512,782 |
| Net assets with donor restrictions | $197,220 |
| 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 | $710,002 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dixie Education Foundation Inc has recieved totaling $5,700.
| Awarding Organization | Amount |
|---|---|
Central Florida Electric Cooperative Educational Charity In Chiefland, FL PURPOSE: SUPPORT LOCAL EDUCATION FOUNDATION IN THEIR SCHOLARSHIP PROGRAMS FOR STUDENTS AND TEACHERS. | $5,700 |
Endowment Analysis
| Beg. Balance | $360,534 |
| Earnings | -$27,139 |
| Ending Balance | $333,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |