Greater Boca Raton Chamber Of Commerce Education Foundation Inc
- Assets
- $467.5k
- Revenue
- $146.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 01/1991
- Data as of
- 10/2022
- EIN
- 65-0181758
Organization Overview
Greater Boca Raton Chamber Of Commerce Education Foundation Inc, operating under the name Golden Bell Education Foundation, is located in Boca Raton, FL. The organization was established in 1991. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Bell Education Foundation 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 10/2022, Golden Bell Education Foundation generated $146.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $164.8k during the year ending 10/2022. While expenses have increased by 2.7% 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.
Since 2016, Golden Bell Education Foundation has awarded 49 individual grants totaling $386,718. 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
TO SUPPORT THE BOCA RATON PUBLIC SCHOOL SYSTEM BY ADMINISTERING FUNDS AND EDUCATIONAL PROGRAMS THAT PROMOTE BUSINESS SKILLS FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TOTALING $138,875 WERE DONATED TO SCHOOLS AND NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE EDUCATIONAL SCHOLARSHIPS AND PROMOTE THE ARTS.
YOUNG ENTREPRENEURS ACADEMY PROGRAM ("YEA PROGRAM") IS A PROGRAM THAT TEACHES MIDDLE AND HIGH SCHOOL STUDENTS ABOUT BUSINESS. THE PROGRAM INCLUDES CLASSES ON DEVELOPING BUSINESS IDEAS, WRITING BUSINESS PLANS, CONDUCTING MARKET RESEARCH, SELLING BUSINESS PLANS TO A PANEL OF INVESTORS, AND ACTUALLY LAUNCHING AND RUNNING A FULLY FORMED INCORPORATED COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Stout Chairman | OfficerTrustee | 1 | $0 |
Timothy Snow Treasurer | OfficerTrustee | 1 | $0 |
Troy Mclellan Secretary | OfficerTrustee | 1 | $0 |
Bob Frare Director | Trustee | 1 | $0 |
Elke Bojes Director | Trustee | 1 | $0 |
Jennifer Jager Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,743 |
| Total Program Service Revenue | $30,140 |
| Investment income | $1,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,875 |
| 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. | $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 | $5,000 |
| 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 | $0 |
| 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 | $0 |
| Total functional expenses | $164,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,359 |
| Savings and temporary cash investments | $308,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200 |
| 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 | $467,514 |
| Accounts payable and accrued expenses | $55,576 |
| Grants payable | $0 |
| Deferred revenue | $14,310 |
| 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 | $69,886 |
| Net assets without donor restrictions | $205,746 |
| Net assets with donor restrictions | $191,882 |
| 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 | $467,514 |
Grants Awarded
Over the last fiscal year, Greater Boca Raton Chamber Of Commerce Education Foundation Inc has awarded $96,409 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Boynton Beach, FL PURPOSE: DONOR DESIGNATION FOR GENERAL SUPPORT | $20,000 |
SUNRISE PARK ELEMENTARY SCHOOL PURPOSE: SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS | $11,150 |
WEST BOCA RATON COMMUNITY HIGH SCHOOL PURPOSE: SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS | $7,767 |
Boca Raton, FL PURPOSE: DONOR DESIGNATION FOR GENERAL SUPPORT | $7,600 |
Boca Raton, FL PURPOSE: DONOR DESIGNATION FOR GENERAL SUPPORT | $7,500 |
BOCA RATON ELEMENTARY SCHOOL PURPOSE: SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS | $6,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Boca Raton Chamber Of Commerce Education Foundation Inc has recieved totaling $5,132.
| Awarding Organization | Amount |
|---|---|
Rotary Club Of Boca Raton Sunrise Foundation Inc Boca Raton, FL PURPOSE: scholarships | $5,115 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $191,882 |
| Net Contributions | $15,100 |
| Grants | $15,100 |
| Ending Balance | $191,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lincoln-Marti Community Agency Inc Miami, FL | $44,869,525 | $35,535,068 |
Communities In Schools Of Jacksonville Jacksonville, FL | $4,510,578 | $9,181,205 |
Atlanta Partnership Of Business And Education Inc Atlanta, GA | $1,306,328 | $1,586,362 |
Georgia Partnership For Excellence In Education Inc Atlanta, GA | $3,070,577 | $1,372,106 |
Greater Dalton Chamber Foundation Inc Dalton, GA | $104,539 | $447,093 |
Okeechobee Educational Foundation Okeechobee, FL | $270,720 | $251,766 |
Greater Boca Raton Chamber Of Commerce Education Foundation Inc Boca Raton, FL | $467,514 | $146,239 |
Bradford County Education Foundation Inc Starke, FL | $158,244 | $98,112 |
Shelby County Schools Education Foundation Alabaster, AL | $51,943 | $0 |
Punta Gorda Rotary Charity And Education Foundation Inc Punta Gorda, FL | $536,746 | $88,133 |