Heart Of Florida Educational Foundation Inc
- Assets
- $618.4k
- Revenue
- $25.5k
- Investments
- $603.4k
- Employees
- 0
- Location
- Winter Havne, FL
- Founding
- 04/1999
- Data as of
- 09/2022
- EIN
- 59-6159367
Organization Overview
Heart Of Florida Educational Foundation Inc is located in Winter Havne, 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. Heart Of Florida Educational 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 09/2022, Heart Of Florida Educational Foundation Inc generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $30.7k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Heart Of Florida Educational Foundation Inc has awarded 70 individual grants totaling $160,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE ADVANCEMENT OF EDUCATION BY ISSUINGSCHOLARSHIPS TO THOSE IN FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Dodd Chairman | 0 | $0 | |
Ernest S Pinner Treasurer | 0 | $0 | |
Ann Barnhart Director | 0 | $0 | |
Robert Campbell Director | 0 | $0 | |
Gill Broadaway Director | 0 | $0 | |
Kenneth C Long Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $19,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,994 |
| Capital Gain Net Income | $5,994 |
| Net ST Capital Gain | $727 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,931 |
| Total operating and administrative expenses | $10,705 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $30,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,703 |
| Savings and temporary cash investments | $1,999 |
| Net Accounts receivable | $287 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $603,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $618,422 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Heart Of Florida Educational Foundation Inc has awarded $20,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: SCHOLARSHIP | $4,000 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIP | $3,000 |
Lakeland, FL PURPOSE: SCHOLARSHIP | $2,000 |
EMBRY PURPOSE: SCHOLARSHIP | $2,000 |
Gainesville, FL PURPOSE: SCHOLARSHIP | $2,000 |
Tallahassee, FL PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |