Palm Beach North Education Foundation Inc
- Assets
- $157.4k
- Revenue
- $49.9k
- Investments
- $146.9k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 65-0784996
Organization Overview
Palm Beach North Education Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach North 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, Palm Beach North Education Foundation Inc generated $49.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $22.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palm Beach North Education Foundation Inc has awarded 66 individual grants totaling $107,124. 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
BASED ON THE ENDOWMENT FROM THE JOHN C. GIBA ESTATE, THEPALM BEACH NORTH COUNTY CHAMBER OF COMMERCE FOUNDATIONHAS ESTABLISHED THE JOHN C. GIBA STUDENT LEADERSHIP AWARDPROGRAM TO ENCOURAGE, RECOGNIZE AND REWARD FIVE (5)SELECTED AREA HIGH SCHOOL SENIORS EACH YEAR WHO HAVEDEMONSTRATED STRONG LEADERSHIP POTENTIAL THROUGH ACOMBINATION OF SCHOLASTIC EXCELLENCE, COMMUNITY SERVICE,AND EXTRA-CURRICULAR ACTIVITIES. THE FOUNDATION RECOGNIZESTHESE STUDENTS AT AN ANNUAL EDUCATION AWARDS BREAKFASTEVENT WITH A PLAQUE AND A MONETARY GIFT.
THE YOUNG ENTREPRENEURS ACADEMY (YEA!) IS AGROUNDBREAKING, 30-WEEK, AFTERSCHOOL PROGRAM THAT TEACHESSELECTED STUDENTS, FROM 7TH TO 12TH GRADE, ALL OF THESKILLS NECESSARY TO LAUNCH AND RUN THEIR OWN REALBUSINESSES THROUGH A PROVEN, PROJECTS-BASED CURRICULUM.THE YEA! PROGRAM EMPOWERS UP TO 26 AMBITIOUS LOCAL-AREASTUDENTS ANNUALLY TO BECOME REAL ENTREPRENEURIAL SUCCESSSTORIES WITH THE OPPORTUNITY TO LAUNCH THEIR BUSINESS,COMPETE FOR INVESTMENT DOLLARS, AND, IF SELECTED, COMPETEREGIONALLY AND NATIONALLY.THIS YEAR STUDENTS PARTNERED TO CREATE TWELVE (12) NEWBUSINESSES AND RECEIVED INSTRUCTION, MENTORSHIP ANDINSIGHTS FROM MORE THAN FORTY (40) BUSINESS LEADERVOLUNTEERS FROM THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Faso President | 2 | $0 | |
Robert Taylor Vice President | 2 | $0 | |
Patti Dent Secretary / Treasurer | 2 | $0 | |
Phil D'amico Director | 1 | $0 | |
Bob Goldfarb Director | 1 | $0 | |
Laura King Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,032 |
| Capital Gain Net Income | $34,032 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,936 |
| Total Revenue | $49,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $22,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,992 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,495 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,371 |
| Accounts payable and accrued expenses | $3,073 |
| 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 | $3,073 |
Grants Awarded
Over the last fiscal year, Palm Beach North Education Foundation Inc has awarded $21,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LUCILA SOLARI-CASALINI PURPOSE: GIBA SCHOLARSHIP | $3,000 |
ANDIE SMITH PURPOSE: GIBA SCHOLARSHIP | $2,500 |
JAMES WALTER PURPOSE: GIBA SCHOLARSHIP | $2,500 |
MADISON FISKE PURPOSE: GIBA SCHOLARSHIP | $2,500 |
BLAKE DYKSTRA PURPOSE: CARY STAMP SCHOLARSHIP | $2,500 |
BYRON MATYSEK PURPOSE: CARY STAMP SCHOLARSHIP | $1,500 |