Consortium Of Florida Education Foundations Inc
- Assets
- $1.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Gainesville, FL
- Founding
- 09/2001
- Data as of
- 06/2023
- EIN
- 65-1086820
Organization Overview
Consortium Of Florida Education Foundations Inc is located in Gainesville, FL. The organization was established in 2001. 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 06/2023, Consortium Of Florida Education Foundations Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consortium Of Florida Education Foundations 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 06/2023, Consortium Of Florida Education Foundations Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $9.0m during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 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 2015, Consortium Of Florida Education Foundations Inc has awarded 556 individual grants totaling $46,818,767. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CONSORTIUM OF FLORIDA EDUCATION FOUNDATIONS (CONSORTIUM) IS TO WORK WITH MEMBER LOCAL EDUCATION FOUNDATIONS (LEFS) AND PARTNERS TO CONNECT INDIVIDUALS, ORGANIZATIONS AND FINANCIAL RESOURCES, BUILDING THE CAPACITY AND EFFECTIVENESS OF LEFS. IN ADDITION TO SERVING AS A CONDUIT FOR FUNDING AND OTHER RESOURCES FROM NATIONAL AND STATE PARTNERS, THE CONSORTIUM SUPPORTS MEMBER LEFS WITH PROFESSIONAL DEVELOPMENT, LEARNING COMMUNITIES, NETWORKING OPPORTUNITIES, STRATEGIC PLANNING AND INDIVIDUAL CONSULTATIONS ALL WITH A GOAL OF INCREASING THEIR IMPACT ON STUDENT ACHIEVEMENT IN THEIR LOCAL SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL DISTRICT EDUCATION FOUNDATION MATCHING GRANT PROGRAM: THE CONSORTIUM MANAGES A STATEWIDE PROGRAM LEVERAGING FUNDS APPROPRIATED BY THE FLORIDA LEGISLATURE WITH A GOAL OF INCREASING PRIVATE-SECTOR INVESTMENT AND INVOLVEMENT IN K-12 PUBLIC EDUCATION WITH A $1 FOR $1 MATCH. THE MAJORITY OF FLORIDA'S 67 COUNTY-WIDE SCHOOL DISTRICTS LEVERAGED STATE FUNDS WITH 112 PROJECTS. MORE THAN 2 MILLION K-12 STUDENTS WERE IMPACTED ACROSS THE STATE WITH MEASURABLE OUTCOMES REPORTED IN ONE OF SIX ELIGIBLE AREAS: STEM, TEACHING QUALITY, SUPPORT FOR LOW PERFORMING STUDENTS, INCREASING GRADUATION RATES AND CAREER/TECHNICAL EDUCATION.
OTHER PROGRAM SERVICES
STEM EDUCATION & PROJECT-BASED LEARNING FOR STUDENTS & TEACHERS: THE CONSORTIUM SUPPORTS LOCAL EDUCATION FOUNDATIONS IN IMPACTING STUDENT ACHIEVEMENT IN STEM AREAS THROUGH PRIVATE-SECTOR GRANTS THAT CREATE REAL-WORLD, HANDS-ON LEARNING OPPORTUNITIES CONNECTING CLASSROOM CURRICULUM TO FUTURE CAREER PATHS AND BUILDING THEIR LIFE-READINESS SKILLS. THIS YEAR 4,539 STUDENTS WERE IMPACTED THROUGH REAL-WORLD PROJECTS AND HANDS-ON CLASSROOM EXPERIENCES WITH THE CONSORTIUM'S PARTNERSHIP WITH AT&T. AN ADDITIONAL 1,667 STUDENTS ENGAGED IN FINANCIAL LITERACY ACTIVITIES THROUGH LOCAL HANDS-ON LEARNING PROJECTS FUNDED BY WELLS FARGO. FLORIDA POWER & LIGHT COMPANY SUPPORTED STEM EDUCATORS IN 11 SCHOOL DISTRICTS BY PROVIDING PEER-TO-PEER LEARNING OPPORTUNITIES .
COLLEGE & CAREER PATHWAYS AND SCHOLARSHIPS: THROUGH A PARTNERSHIP WITH THE FLORIDA LOTTERY, THE CONSORTIUM FACILITATED GRANTS TO 9 FOUNDATIONS FOR EFFORTS TO HELP POOR STUDENTS WITH COLLEGE PREPARATION AND PLANNING. THE FREDERICK A. DELUCA FOUNDATION SUPPORTED 14 LOCAL EDUCATION FOUNDATIONS IN HELPING STUDENTS EXPLORE HEALTHCARE CAREER PATHWAYS THROUGH GRANTS AND A LEARNING COMMUNITY. A GRANT FROM BILL & MELINDA GATES FOUNDATION PROVIDED AN OPPORTUNITY FOR SMALL, RURAL FOUNDATIONS TO SUPPORT STUDENTS VIA COLLEGE AND CAREER READINESS PROGRAMS INVOLVING PEER-TO-PEER AND PARTNER ORGANIZATION SUPPORT. THE CONSORTIUM ALSO FACILITATED 60 STUDENT SCHOLARSHIPS THROUGH 21 EDUCATION FOUNDATIONS THROUGH A PARTNERSHIP WITH THE SUNCOAST CREDIT UNION AND THE RAYMOND A. JAMES CHARITABLE FOUNDATION RHODA H. MOLK MEMORIAL FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby Bean Director | Trustee | 0.25 | $0 |
Alaina Barron Director | Trustee | 0.25 | $0 |
Amy Cox Director | Trustee | 0.25 | $0 |
Angela Gray Director | Trustee | 0.25 | $0 |
Anjelica Tinajero Director | Trustee | 0.25 | $0 |
Annie Whitehurst Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,059,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,899,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,048,756 |
| Total Program Service Revenue | $11,966 |
| Investment income | $6,427 |
| 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 | $9,067,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,250,962 |
| 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. | $168,040 |
| Compensation of current officers, directors, key employees. | $16,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,203 |
| Pension plan accruals and contributions | $13,615 |
| Other employee benefits | $26,793 |
| Payroll taxes | $25,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,387 |
| Fees for services: Lobbying | $76,356 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,813 |
| Advertising and promotion | $9,953 |
| Office expenses | $26,245 |
| Information technology | $33,136 |
| Royalties | $0 |
| Occupancy | $11,600 |
| Travel | $21,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,223 |
| Insurance | $4,412 |
| All other expenses | $0 |
| Total functional expenses | $9,027,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,385 |
| Savings and temporary cash investments | $473,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640,408 |
| 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 | $46,295 |
| Net Land, buildings, and equipment | $19,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,453,407 |
| Accounts payable and accrued expenses | $537,614 |
| Grants payable | $0 |
| Deferred revenue | $260,623 |
| 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 | $798,237 |
| Net assets without donor restrictions | $655,170 |
| Net assets with donor restrictions | $0 |
| 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 | $1,453,407 |
Grants Awarded
Over the last fiscal year, Consortium Of Florida Education Foundations Inc has awarded $7,755,175 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
BAKER COUNTY EDUCATION FOUNDATION PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $33,023 |
BRADFORD COUNTY EDUCATION FOUNDATION PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $32,239 |
BAY EDUCATION FOUNDATION PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $66,948 |
BREVARD SCHOOLS FOUNDATION PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $311,745 |
BROWARD EDUCATION FOUNDATION PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $555,655 |
CHAMPIONS FOR LEARNING PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $210,055 |