Monroe County Education Foundation Inc is located in Key West, FL. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Monroe County 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, Monroe County Education Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 2.9% 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
TO AID, SUPPLEMENT, IMPROVE, ENHANCE AND COMPLEMENT THE ACTIVITIES OF THE PUBLIC SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONROE COUNTY EDUCATION FOUNDATION, THROUGH ITS FLAGSHIP PROGRAM TAKE STOCK IN CHILDREN, PROVIDES FUNDING, SUMMER EDUCATIONAL ENHANCEMENT OPPORTUNITIES, AND MENTORSHIP TO HELP MONROE COUNTY STUDENTS ACHIEVE THEIR POTENTIAL. MCEF PROVIDES ACCESS TO HIGHER EDUCATION FOR FLORIDA STUDENTS WHO ARE AT RISK OF NOT ATTENDING COLLEGE OR UNIVERSITY. THROUGH THE PROGRAM, MCEF MATCHES AT RISK STUDENTS WITH MENTORS, GUIDES STUDENTS IN MAKING SMART CAREER CHOICES, AND GUARANTEES RESOURCES SO THAT MONROE COUNTY STUDENTS MAY COMPLETE A COLLEGE DEGREE OR CERTIFICATE. TSIC MONROE GRANTS COLLEGE SCHOLARSHIPS UPON HIGH SCHOOL GRADUATION TO QUALIFIED 7TH-12TH GRADE STUDENT-RECIPIENTS OF LOW-INCOME FAMILIES RESIDING IN THE COUNTY. CONTINUED ON SCHEDULE O.TSIC MONROE IS AN AWARD WINNING MODEL IN THE STATE OF FLORIDA, A CONCERTED ENDEAVOR CONSISTING OF ALMOST 320 DEDICATED VOLUNTEER MENTORS AND STUDENTS WITH A NETWORK OF INDIVIDUAL DONORS, CORPORATE SPONSORS AND A HARDWORKING STAFF. THE MONROE COUNTY EDUCATION FOUNDATION RECOGNIZED THE ACCOMPLISHMENTS AND CELEBRATED THE GRADUATION THE MONROE COUNTY EDUCATION FOUNDATION RECOGNIZED THE ACCOMPLISHMENTS AND CELEBRATED THE GRADUATION OF 58 TAKE STOCK IN CHILDREN SCHOLARS IN MAY, 2021 DURING A LIVE, OUTDOOR CEREMONY. NEARLY 900 STUDENTS FROM MONROE COUNTY HAVE RECEIVED SCHOLARSHIPS SINCE THE PROGRAM WAS FOUNDED.
COLLEGE AND CAREER READINESS PROJECTS ADDRESS THE CHALLENGES FACING AT-RISK, LOW-INCOME STUDENTS ON A PATH TOWARDS HIGH SCHOOL COMPLETION AND POST-SECONDARY ENROLLMENT. THESE INITIATIVES PREPARE PARTICIPANTS FOR COLLEGE AND CAREER PURSUITS AFTER HIGH SCHOOL, WHETHER THEY ENROLL IN COLLEGE OR A CAREER-TECHNICAL EDUCATION PROGRAM, AND PROVIDES SUPPORT ALONG THE SECONDARY EDUCATION CONTINUUM WITH WORKSHOPS AND RESOURCES FOCUSED ON PREPAREDNESS AND SUCCESS IN COLLEGE AND CAREER.LEADERSHIP EXCELLENCE IS A YOUTH LEADERSHIP PROGRAM THAT PROMOTES ACCELERATING POTENTIAL. SPONSORED BY THE MONROE COUNTY EDUCATION FOUNDATION, IT'S HOSTED BY THE UNIVERSITY OF CALIFORNIA, LOS ANGELES (UCLA) AND IS AVAILABLE TO ALL MONROE COUNTY STUDENTS. ACCOMPLISHED MENTORS INSPIRE HIGH SCHOOL AND COLLEGE STUDENTS TO DEVELOP INVALUABLE LEARNING SKILLS ESSENTIAL FOR SUCCESS.
STUDENTS ARE EMPOWERED TO DEVELOP AND APPLY IN-DEMAND, TRANSPORTABLE SKILLS BY EXPLORING REAL-WORLD CHALLENGES. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE, STUDENTS NOT ONLY LEARN TECHNICAL SKILLS, BUT ALSO LEARN TO SOLVE PROBLEMS, THINK CRITICALLY AND CREATIVELY, COMMUNICATE, AND COLLABORATE. WE ALSO PROVIDE TEACHERS WITH THE TRAINING, RESOURCES, AND SUPPORT THEY NEED TO ENGAGE STUDENTS IN REAL-WORLD LEARNING.
EXPERIMENT IN INDIVIDUAL LIVING (EIL), MONROE COUNTY IS A COMPANION PROGRAM THAT'S BEEN SPONSORED BY MCEF SINCE 2006. AREA HIGH-SCHOOL STUDENTS BENEFIT FROM THE EXPERIENCE OF LIVING ABROAD WITH FAMILIES FOR 3 TO 5 WEEKS DURING THE SUMMER. A VARIETY OF PROGRAM THEMES ARE DESIGNED TO INSTILL A DEEPER CULTURAL AWARENESS, NURTURE RELATIONSHIPS THROUGH THE DEVELOPMENT OF LANGUAGE SKILLS, AND ENCOURAGE MANY OTHER HANDS-ON ACTIVITIES. EIL HAS OFFERED THESE OPPORTUNITIES, NATIONALLY, SINCE 1932. IN A RECENT STUDY, OUR ACADEMIC AFFAIRS COMMITTEE FOUND A HIGH RATE OF COLLEGE COMPLETION AMONG TAKE STOCK IN CHILDREN WHO, WHILE IN HIGH SCHOOL, TOOK PART IN AN EIL TRIP. OF THE 14 TSIC STUDENTS WHO MET THE STUDY CRITERIA, 13 (93%) EARNED AT LEAST AN ASSOCIATE'S DEGREE, 10 OF THE 14 (71%) EARNED A BACHELOR'S DEGREE. BOTH STATISTICS ARE WELL ABOVE THE AVERAGES FOR COLLEGE COMPLETION PERCENTAGES FOR ALL TSIC STUDENTS IN GENERAL.PROJECT LEAD THE WAY (PLTW):STUDENTS ARE EMPOWERED TO DEVELOP AND APPLY IN-DEMAND, TRANSPORTABLE SKILLS BY EXPORING REAL-WORLD CHALLENGES. THROUGH OUR PATHWATS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE, STUDENTS NOT ONLY LEARN TECHNICAL SKILLS, BUT ALSO LEARN TO SOLVE PROBLEMS, THINK CRITICALLY AND CREATIVELY, COMMUNITCATE, AND COLLABORATE. WE ALSO PROVIDE TEACHERS WITH THE TRAINING, RESOURCES, AND SUPPORT THEY NEED TO ENGAGE STUDENTS IN REAL-WORLD LEARNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bryan Green President | OfficerTrustee | 1.25 | $0 |
Roxy Castro Treasurer | OfficerTrustee | 5 | $0 |
Mary Chambers Secretary | OfficerTrustee | 0.5 | $0 |
John Padget President Emeritus | Trustee | 0.25 | $0 |
Beverly Anders Director | Trustee | 0.25 | $0 |
Chuck Licis-Masson Tsic Coordinator | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $973,333 |
All other contributions, gifts, grants, and similar amounts not included above | $922,585 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,895,918 |
Total Program Service Revenue | $0 |
Investment income | $361 |
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 | $1,896,279 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,104,932 |
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 | $187,743 |
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 | $14,893 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $7,548 |
Office expenses | $9,191 |
Information technology | $3,860 |
Royalties | $0 |
Occupancy | $0 |
Travel | $3,095 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,421 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,000 |
All other expenses | $2,401 |
Total functional expenses | $1,403,940 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $808,866 |
Pledges and grants receivable | $47,208 |
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 | $0 |
Investments—other securities | $7,378 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,612,729 |
Total assets | $14,476,181 |
Accounts payable and accrued expenses | $1,303 |
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 | $1,303 |
Net assets without donor restrictions | $66,078 |
Net assets with donor restrictions | $14,408,800 |
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 | $14,476,181 |
Over the last fiscal year, we have identified 1 grants that Monroe County Education Foundation Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Whitcomb Family Foundation Inc Wilmington, DE PURPOSE: TAKE STOCK PROGRAM | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |