Hillsborough Education Foundation Inc

Organization Overview

Hillsborough Education Foundation Inc is located in Tampa, FL. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Hillsborough Education Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsborough 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, Hillsborough Education Foundation Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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, Hillsborough Education Foundation Inc has awarded 40 individual grants totaling $3,411,361. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN PUBLIC EDUCATION IN HILLSBOROUGH COUNTY THROUGH INVESTMENT OF RESOURCES AND PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR TEACHING TOOLS RESOURCE CENTER PROVIDES CRITICAL SCHOOL SUPPLIES AND CLASSROOM RESOURCES TO TEACHERS IN TITLE I SCHOOLS, OUR HIGHEST-NEEDS PUBLIC SCHOOLS IN HILLSBOROUGH COUNTY, TO ENSURE ALL STUDENTS HAVE THE TOOLS THEY NEED FOR ACADEMIC SUCCESS. THE TEACHING TOOLS STORE, LOCATED AT HEF, IS PRIMARILY STOCKED THROUGH DONATIONS OF SCHOOL SUPPLIES FROM INDIVIDUALS AND BUSINESSES. THROUGHOUT THE SCHOOL YEAR, TEACHERS CAN SHOP FOR FREE SCHOOL SUPPLIES TO DISTRIBUTE TO THEIR STUDENTS. WITH THE HELP OF VOLUNTEERS, WHO GAVE 3,278 HOURS OF THEIR TIME, HEF WAS ABLE TO PROVIDE RESOURCES TO MORE THAN 160 SCHOOLS THAT SERVE MORE THAN 100,000 STUDENTS IN FY22.


AS AN AFFILIATE OF THE STATEWIDE TAKE STOCK IN CHILDREN MENTORING PROGRAM, HILLSBOROUGH EDUCATION FOUNDATION PROVIDES STUDENTS FROM LOW-INCOME FAMILIES WITH A CARING VOLUNTEER MENTOR WHO IS DEVOTED TO SUPPORTING A STUDENT'S ACADEMIC AND FUTURE SUCCESS, A COLLEGE SUCCESS COACH WHO IS INVOLVED IN EDUCATIONAL AND CAREER COUNSELING, AND THE OPPORTUNITY TO EARN AT LEAST A 2-YEAR COLLEGE SCHOLARSHIP. AS ONE OF THE LARGEST MENTORING PROGRAMS IN TAMPA BAY, DURING THE 2021-2022 SCHOOL YEAR, HEF SERVED 328 STUDENTS. ALL 73 STUDENTS IN THE 2022 SENIOR CLASS OF OUR MENTORING PROGRAM GRADUATED FROM HIGH SCHOOL-WELL ABOVE THE COUNTY AND STATE GRADUATION RATE. HEF ALSO AWARDS COMMUNITY SCHOLARSHIPS TO STUDENTS. FOR FY22, 244 STUDENTS WERE AWARDED A COMMUNITY SCHOLARSHIP TO CONTINUE THEIR EDUCATION AFTER GRADUATION.


THROUGH SCHOOL AND CLASSROOM ENRICHMENT GRANTS, HEF PROVIDES FUNDING FOR SCHOOLS AND TEACHERS TO INCREASE THEIR CAPACITY TO DELIVER EFFECTIVE AND INNOVATIVE INSTRUCTIONAL STRATEGIES THAT ENHANCE AND EXPAND EDUCATIONAL AND ENRICHMENT OPPORTUNITIES FOR STUDENTS. THE FOUNDATION AWARDED 116 GRANTS TO SUPPORT STEAM, LITERACY, ENGLISH LANGUAGE ARTS AND OTHER AREAS IMPACTING MORE THAN 27,000 STUDENTS IN 2021-2022.


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Board, Officers & Key Employees

Name (title)Compensation
Kimberly Jowell
President, CEO
$194,386
Michael Mccollum
Cao
$106,982
Anna Laird
Cpo
$81,899
Andrew Sturdon
CFO Until 7/30/2021
$64,865
Michelle Matis
CFO Starting 8/30/2021
$28,426
Drew Marshall
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$291,792
Related organizations$0
Government grants $1,552,907
All other contributions, gifts, grants, and similar amounts not included above$7,795,243
Noncash contributions included in lines 1a–1f $4,202,860
Total Revenue from Contributions, Gifts, Grants & Similar$9,639,942
Total Program Service Revenue$0
Investment income $236,083
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $208,037
Net Income from Fundraising Events -$43,448
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,065,447

Grants Awarded

Over the last fiscal year, Hillsborough Education Foundation Inc has awarded $695,191 in support to 3 organizations.

Grant RecipientAmount

HILLSBOROUGH COUNTY PUBLIC SCHOOLS

PURPOSE: School and classroom enrichment, District wide support

$622,691

EVERFI INC

PURPOSE: STEM Endeavor project

$60,000

JR ACHIEVEMENT OF TAMPA BAY

Org PageRecipient Profile

Tampa, FL

PURPOSE: 3DE Support

$12,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Hillsborough Education Foundation Inc has recieved totaling $2,462,126.

Awarding OrganizationAmount
Helios Education Foundation

Phoenix, AZ

PURPOSE: See Part IV

$1,395,850
Suncoast Credit Union Foundation

Tampa, FL

PURPOSE: 2021-2022 FUNDING

$298,200
Tsic Inc

Fort Lauderdale, FL

PURPOSE: MENTORING

$213,593
Mary & Bob Sierra Family Foundation Inc

Tampa, FL

PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION.

$147,000
The Spurlino Foundation

Odessa, FL

PURPOSE: GENERAL OPERATING

$100,000
William A Gregory Jr Foundation Inc

Tampa, FL

PURPOSE: PROVIDE SUPPORT FOR ACTIVITIES

$80,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,007,278
Earnings-$390,224
Net Contributions$10,500
Other Expense$134,798
Ending Balance$2,492,756

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