Education Foundation Of Martin County Inc
- Assets
- $523.0k
- Revenue
- $743.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Stuart, FL
- Founding
- 06/1992
- Data as of
- 06/2021
- EIN
- 65-0304639
Organization Overview
Education Foundation Of Martin County Inc is located in Stuart, FL. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Education Foundation Of Martin County Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of Martin County 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 06/2021, Education Foundation Of Martin County Inc generated $743.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $621.6k during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION FOUNDATION OF MARTIN COUNTY (EFMC)IS A NOT-FOR-PROFIT 501(C)(3), COMMUNITY INVESTMENT ORGANIZATION COMPRISED OF BUSINESS LEADERS, COMMUNITY VOLUNTEERS, AND SCHOOL OFFICIALS WITH THE MISSION OF ENRICHING AND ENHANCING EDUCATION OPPORTUNITIES FOR ALL STUDENTS AND TEACHERS OF THE MARTIN COUNTY SCHOOL DISTRICT, THROUGH EFFECTIVE FUNDRAISING EFFORTS, POSITIVE COLLABORATIVE PARTNERSHIPS, INNOVATIVE PROGRAMMING, AND EFFICIENT ALLOCATION OF RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT - CLASSROOM ENRICHMENT AND INSTRUCTIONAL SUPPORT
SEE ATTACHED STATEMENT - SCHOLARSHIPS
SEE ATTACHED STATEMENT - SPECIAL INITIATIVES & TEACHER RECOGNITION
SEE ATTACHED STATEMENT - CLASSROOM ENRICHMENT AND INSTRUCTIONAL SUPPORT
SEE ATTACHED STATEMENT - SCHOLARSHIPS
SEE ATTACHED STATEMENT - SPECIAL INITIATIVES & TEACHER RECOGNITION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Rhodes Executive Director | Officer | 40 | $98,630 |
Michael Moehring Treasurer | OfficerTrustee | 3 | $0 |
Kevin Staten Director | OfficerTrustee | 2 | $0 |
Arati Hammond Vice President | OfficerTrustee | 3 | $0 |
Gayle Harrell Director | Trustee | 2 | $0 |
Linda Fitzpatrick Past President | Trustee | 3 | $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 | $638,970 |
| Noncash contributions included in lines 1a–1f | $2,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,970 |
| Total Program Service Revenue | $0 |
| Investment income | $17,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,342 |
| Grants and other assistance to domestic individuals. | $105,448 |
| 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 | $135,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,283 |
| Advertising and promotion | $0 |
| Office expenses | $8,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,532 |
| Travel | $2,606 |
| 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 | $216 |
| Insurance | $2,437 |
| All other expenses | $1,456 |
| Total functional expenses | $621,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,177 |
| Savings and temporary cash investments | $0 |
| 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 | $198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,673 |
| Total assets | $523,048 |
| Accounts payable and accrued expenses | $2,000 |
| 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 | $27,091 |
| Total liabilities | $29,091 |
| Net assets without donor restrictions | $286,682 |
| Net assets with donor restrictions | $207,275 |
| 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 | $523,048 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Education Foundation Of Martin County Inc has recieved totaling $120,773.
| Awarding Organization | Amount |
|---|---|
Hobe Sound Community Chest Inc Hobe Sound, FL PURPOSE: ASSIST ORGANIZATION | $97,004 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $12,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,836 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $233 |
The Fine Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $55,673 |
| Ending Balance | $55,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |