Take Stock In Children Of Broward County Inc
- Assets
- $1.4m
- Revenue
- $683.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Miramar, FL
- Founding
- 02/2020
- Data as of
- 06/2023
- EIN
- 84-4009513
Organization Overview
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).
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |