Charlotte Local Education Foundation Inc
- Assets
- $2.9m
- Revenue
- $257.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Port Charlotte, FL
- Founding
- 02/1987
- Data as of
- 06/2022
- EIN
- 59-2592844
Organization Overview
Charlotte Local Education Foundation Inc is located in Port Charlotte, FL. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Charlotte Local Education Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Local 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, Charlotte Local Education Foundation Inc generated $257.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $416.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charlotte Local Education Foundation Inc has awarded 31 individual grants totaling $882,370. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL & CHARITABLE - PRIMARILY WITH SUPPORT OF PUBLIC EDUCATION THROUGH GRANTS FOR CLASSROOM PROJECTS WITH TEACHER SUPPORT AND EMPLOYER RECOGNITION, AS WELL AS TAKE STOCK IN CHILDREN PROGRAM AND TEACHER SUPPLY DEPOT PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE STOCK IN CHILDREN PREPAID FLORIDA SCHOLARSHIPS
EDUCATIONAL & CLASROOM PROGRAMS INCLUDING TEACHER SUPPLY DEPOT.
PUBLIC SCHOOL PROGRAMS & EDUCATIONAL GRANTS
EDUCATION AND STUDENT PROGRAM SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Wierhake Executive Director | 45 | $55,707 | |
Maura Matzko Past President | Officer | 5 | $0 |
Sara Perri Secretary | Officer | 5 | $0 |
David Palmer Treasurer | Officer | 5 | $0 |
Dan Ambrose President | Officer | 5 | $0 |
Robert Segur School Board Representative | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,137 |
| Related organizations | $0 |
| Government grants | $217,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,566 |
| 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 | $257,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $173,782 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,256 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,231 |
| All other expenses | $11,268 |
| Total functional expenses | $416,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $773,182 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,971,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,888,278 |
| Accounts payable and accrued expenses | $33,071 |
| 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 | $33,071 |
| Net assets without donor restrictions | $334,000 |
| Net assets with donor restrictions | $2,521,207 |
| 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 | $2,888,278 |
Grants Awarded
Over the last fiscal year, Charlotte Local Education Foundation Inc has awarded $312,032 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
STATE OF FLORIDA PURPOSE: Scholarship | $126,333 |
STATE OF FLORIDA PURPOSE: Scholarship | $126,333 |
CHARLOTTE COUNTY PUBLIC SCHOOLS PURPOSE: CFEF grant | $13,167 |
CHARLOTTE COUNTY PUBLIC SCHOOLS PURPOSE: CFEF grant | $13,167 |
CHARLOTTE COUNTY PUBLIC SCHOOLS PURPOSE: Classroom Grant | $6,000 |
CHARLOTTE COUNTY PUBLIC SCHOOLS PURPOSE: Classroom Grant | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Charlotte Local Education Foundation Inc has recieved totaling $86,292.
| Awarding Organization | Amount |
|---|---|
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $48,292 |
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $36,000 |
Gettel Foundation Inc Bradenton, FL PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |