Consortium Of Florida Education Foundations Inc
- Assets
- $1.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Gainesville, FL
- Founding
- 09/2001
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Consortium Of Florida Education Foundations Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 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 566 individual grants totaling $43,183,041. 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
2021
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. A TOTAL OF 64 OF FLORIDA'S 67 COUNTY-WIDE SCHOOL DISTRICTS LEVERAGED STATE FUNDS WITH 126 PROJECTS. MORE THAN 1,750,000 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.
STEM EDUCATION, COLLEGE & CAREER PATHWAYS: 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; GRANTS AND TOOLS TO PROMOTE PATHWAYS TO IN-DEMAND CAREERS; AND OPPORTUNITIES TO LEARN ABOUT THE IMPORTANCE OF STANDARDS-ALIGNED STEM CURRICULUM AND THE WORKFORCE CONNECTION. THIS YEAR MORE THAN 7,000 STUDENTS WERE IMPACTED THROUGH REAL-WORLD PROJECTS AND HANDS-ON CLASSROOM EXPERIENCES WITH BUSINESS PARTNERS THROUGH AT&T AND MOTOROLA SOLUTIONS FOUNDATION. DUKE ENERGY FOUNDATION INVESTED IN CONSORTIUM CAPACITY TO STRENGTHEN LOCAL EDUCATION FOUNDATIONS IN THEIR SERVICE TERRITORY, INCLUDING THEIR PROGRAMS IN STEM AND WORKFORCE DEVELOPMENT. A GRANT FROM BILL & MELINDA GATES FOUNDATION PROVIDED AN OPPORTUNITY FOR SMALL, RURAL FOUNDATIONS TO SUPPORT STUDENTS VIA COLLEGE AND CAREER READINESS PROGRAMS.
COLLEGE ACCESS AND STUDENT SCHOLARSHIPS: THROUGH A PARTNERSHIP WITH THE FLORIDA LOTTERY, THE CONSORTIUM FACILITATED GRANTS TO 9 FOUNDATIONS FOR EFFORTS TO HELP ECONOMICALLY DISADVANTAGED STUDENTS WITH COLLEGE PREPARATION AND PLANNING. THE CONSORTIUM FACILITATED 61 STUDENT SCHOLARSHIPS THROUGH 21 EDUCATION FOUNDATIONS THROUGH A PARTNERSHIP WITH THE SUNCOAST CREDIT UNION.
OTHER PROGRAM SERVICES
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. A TOTAL OF 64 OF FLORIDA'S 67 COUNTY-WIDE SCHOOL DISTRICTS LEVERAGED STATE FUNDS WITH 126 PROJECTS. MORE THAN 1,750,000 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.
STEM EDUCATION, COLLEGE & CAREER PATHWAYS: 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; GRANTS AND TOOLS TO PROMOTE PATHWAYS TO IN-DEMAND CAREERS; AND OPPORTUNITIES TO LEARN ABOUT THE IMPORTANCE OF STANDARDS-ALIGNED STEM CURRICULUM AND THE WORKFORCE CONNECTION. THIS YEAR MORE THAN 7,000 STUDENTS WERE IMPACTED THROUGH REAL-WORLD PROJECTS AND HANDS-ON CLASSROOM EXPERIENCES WITH BUSINESS PARTNERS THROUGH AT&T AND MOTOROLA SOLUTIONS FOUNDATION. DUKE ENERGY FOUNDATION INVESTED IN CONSORTIUM CAPACITY TO STRENGTHEN LOCAL EDUCATION FOUNDATIONS IN THEIR SERVICE TERRITORY, INCLUDING THEIR PROGRAMS IN STEM AND WORKFORCE DEVELOPMENT. A GRANT FROM BILL & MELINDA GATES FOUNDATION PROVIDED AN OPPORTUNITY FOR SMALL, RURAL FOUNDATIONS TO SUPPORT STUDENTS VIA COLLEGE AND CAREER READINESS PROGRAMS.
COLLEGE ACCESS AND STUDENT SCHOLARSHIPS: THROUGH A PARTNERSHIP WITH THE FLORIDA LOTTERY, THE CONSORTIUM FACILITATED GRANTS TO 9 FOUNDATIONS FOR EFFORTS TO HELP ECONOMICALLY DISADVANTAGED STUDENTS WITH COLLEGE PREPARATION AND PLANNING. THE CONSORTIUM FACILITATED 61 STUDENT SCHOLARSHIPS THROUGH 21 EDUCATION FOUNDATIONS THROUGH A PARTNERSHIP WITH THE SUNCOAST CREDIT UNION.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Chance President | OfficerTrustee | 40 | $119,298 |
Janice Kershaw Chair | OfficerTrustee | 0.5 | $0 |
Jennifer Vigne Vice President Of Operations | OfficerTrustee | 0.5 | $0 |
Susan Mcmanus Vice President Of Finance | OfficerTrustee | 0.5 | $0 |
Adrienne Taylor Director | Trustee | 0.5 | $0 |
Abby Bean Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,044,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $736,781 |
| Noncash contributions included in lines 1a–1f | $14,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,868,731 |
| Total Program Service Revenue | $0 |
| Investment income | $4,487 |
| 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 | $5,873,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,135,885 |
| 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. | $149,580 |
| Compensation of current officers, directors, key employees. | $15,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,650 |
| Payroll taxes | $17,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,368 |
| Fees for services: Lobbying | $73,011 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,013 |
| Advertising and promotion | $6,328 |
| Office expenses | $14,154 |
| Information technology | $27,976 |
| Royalties | $0 |
| Occupancy | $10,780 |
| Travel | $6,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,987 |
| Insurance | $5,879 |
| All other expenses | $0 |
| Total functional expenses | $5,750,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,848 |
| Savings and temporary cash investments | $414,176 |
| 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 | $220 |
| Net Land, buildings, and equipment | $18,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,204,122 |
| Accounts payable and accrued expenses | $38,657 |
| Grants payable | $0 |
| Deferred revenue | $547,750 |
| 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 | $586,407 |
| Net assets without donor restrictions | $617,715 |
| 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 | $1,204,122 |
Grants Awarded
Over the last fiscal year, Consortium Of Florida Education Foundations Inc has awarded $10,257,116 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
Miami Lakes, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $523,626 |
Miami Lakes, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $523,626 |
Fort Lauderdale, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $427,050 |
Fort Lauderdale, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $427,050 |
Tampa, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $359,913 |
Tampa, FL PURPOSE: ENHANCE PUBLIC EDUCATION AT THE COMMUNITY LEVEL | $359,913 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Consortium Of Florida Education Foundations Inc has recieved totaling $377,600.
| Awarding Organization | Amount |
|---|---|
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $132,600 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $100,000 |
Gulf Power Foundation Inc Pensacola, FL PURPOSE: YOUTH EDUCATION | $50,000 |
Gulf Power Foundation Inc Pensacola, FL PURPOSE: NORTHWEST FLORIDA CAREER PATHWAYS PROGRAM | $50,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |