Manatee Education Foundation Inc
- Assets
- $1.2m
- Revenue
- $815.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Bradenton, FL
- Founding
- 01/1989
- Data as of
- 06/2022
- EIN
- 65-0037457
Organization Overview
Manatee Education Foundation Inc is located in Bradenton, FL. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Manatee Education Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manatee 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, Manatee Education Foundation Inc generated $815.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $694.5k during the year ending 06/2022. While expenses have increased by 3.1% 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 MANATEE EDUCATION FOUNDATION IS TO PROVIDE FUNDING FOR INNOVATIVE PROGRAMS AND ENHANCE EDUCATIONAL OPPOTUNITIES FOR TEACHERS AND STUDENTS OF MANTEE COUNTY PUBLIC SCHOOLS BEYOND STATE FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATED WITH COMMUNITY, CIVIC AND BUSINESS LEADERS TO SUPPORT EDUCATIONAL OPPORTUNITIES AND PROGRAMS AND PROVIDED SUPPLEMENTAL FUNDING FOR CREATIVE AND INNOVATE EDUCATIONAL PROGRAMS. ALSO, RECOGNIZED THE OUTSTANDING ACHEIVEMENTS OF TEACHERS AND STUDENTS IN K-12 EDUCAITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Carr Chair | OfficerTrustee | 2 | $0 |
Ross Hodges Vice-Chair | OfficerTrustee | 2 | $0 |
Mary Glass Executive Director | Officer | 40 | $0 |
Linda Locke Agresta Director | Trustee | 2 | $0 |
Jackie Barron Director | Trustee | 2 | $0 |
Chad Choate Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,888 |
| Total Program Service Revenue | $0 |
| Investment income | $13,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $138,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,846 |
| Compensation of current officers, directors, key employees. | $29,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,904 |
| Payroll taxes | $13,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,400 |
| Office expenses | $41,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,400 |
| Travel | $2,870 |
| 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 | $3,003 |
| All other expenses | $20,160 |
| Total functional expenses | $694,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,140 |
| 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 | $18,721 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $465,356 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,210,461 |
| Accounts payable and accrued expenses | $67,985 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $107,985 |
| Net assets without donor restrictions | $244,869 |
| Net assets with donor restrictions | $857,607 |
| 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 | $1,210,461 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Manatee Education Foundation Inc has recieved totaling $193,735.
| Awarding Organization | Amount |
|---|---|
Manatee Community Foundation Inc Bradenton, FL PURPOSE: PROGRAM SUPPORT, SCHOLARSHIPS | $112,039 |
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $50,500 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $19,154 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Gettel Foundation Inc Bradenton, FL PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $500 |
| Ending Balance | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Imagine - South Broward Inc Sunrise, FL | $1,098,870 | $2,986,588 |
Pure Edge Inc Palm Beach, FL | $739,291 | $2,020,460 |