Take Stock In Children Of Broward County Inc is located in Miramar, FL. The organization was established in 2020. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Take Stock In Children Of Broward County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Take Stock In Children Of Broward 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 06/2023, Take Stock In Children Of Broward County Inc generated $683.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $320.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MENTORS, SCHOLARSHIPS, AND HOPE TO LOW-INCOME STUDENTS IN BROWARD COUNTY, FL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE PERSONAL WORTH, SELF-RESPONSIBILITY AND ACADEMIC SUCCESS FOR DESERVING CHILDREN FROM LOW-INCOME FAMILIES BY PROVIDING A UNIQUE SET OF RESOURCES INCLUDING MENTORS, SCHOLARSHIPS, LONG-TERM SUPPORT, STUDENT ADVOCACY AND A GUARANTEED EDUCATIONAL OPPORTUNITY. SUCCESSES IN 2022-2023 INCLUDE: -TSIC BROWARD SERVED 195 MIDDLE AND HIGH SCHOOL STUDENTS THROUGHOUT THE BROWARD COUNTY PUBLIC SCHOOL SYSTEM, AND 117 COLLEGE FRESHMEN AND SOPHOMORES. -FOR TSIC BROWARD CLASS OF 2023 (49 STUDENTS) WITH APPROX. 358,000 IN SCHOLARSHIPS FROM TSIC: -100% GRADUATED FROM HIGH SCHOOL (COMPARED TO 67% OF THEIR LOW-INCOME PEERS; FLDOE, 2019-2020. -98% HAVE BEEN ACCEPTED AND ENROLLED IN COLLEGE (COMPARED TO ONLY 53% OF THEIR LOW-INCOME PEERS; LOW-INCOME: IPEDS, 2013-2014). -SENIORS EARNED A CUMULATIVE 291 COLLEGE CREDITS, WHILE STILL IN HIGH SCHOOL -16% EARNED A FLORIDA BRIGHT FUTURES SCHOLARSHIP. -FOR ALL TSIC BROWARD STUDENTS IN 2022-2023: -STUDENTS PARTICIPATED IN MORE THAN 2,736 MENTOR SESSIONS MENTORED BY 145 VOLUNTEERS. -100% PARTICIPATED IN AT LEAST FOUR COLLEGE AND CAREER SUCCESS COACHING SESSIONS. -STUDENTS MAINTAINED AN AVERAGE 3.16 NON-WEIGHTED GPA -96% ATTENDED ALL THEIR GRADE-LEVEL COLLEGE AND CAREER READINESS WORKSHOPS. -89% AVERAGE COLLEGE RETENTION RATE AND 67% COMPLETION RATE (COMPARED TO THE STATE AVERAGE OF 27% FOR STUDENTS LIVING IN POVERTY; COMPLETE COLLEGE AMERICA).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Merick Lewin Chair | OfficerTrustee | 1 | $0 |
Yesenia Realejo Treasurer | OfficerTrustee | 1 | $0 |
Sharon Abramson Director | Trustee | 1 | $0 |
Matthew Benkendorf Director | Trustee | 1 | $0 |
Lynne Bruno Director | Trustee | 1 | $0 |
Tom Lynch Pa Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $16,640 |
Related organizations | $0 |
Government grants | $157,819 |
All other contributions, gifts, grants, and similar amounts not included above | $509,282 |
Noncash contributions included in lines 1a–1f | $282,629 |
Total Revenue from Contributions, Gifts, Grants & Similar | $683,741 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $683,741 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $70,913 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $80,000 |
Compensation of current officers, directors, key employees. | $24,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $166,910 |
Pension plan accruals and contributions | $8,250 |
Other employee benefits | $20,395 |
Payroll taxes | $19,203 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,137 |
Advertising and promotion | $0 |
Office expenses | $2,193 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,065 |
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 | $0 |
Insurance | $10,282 |
All other expenses | -$109,265 |
Total functional expenses | $320,120 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,467 |
Savings and temporary cash investments | $180,953 |
Pledges and grants receivable | $49,704 |
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 | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,132,251 |
Total assets | $1,381,375 |
Accounts payable and accrued expenses | $1,063 |
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 | $1,063 |
Net assets without donor restrictions | $1,380,312 |
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 | $1,381,375 |