Public Education Foundation Of Marion County Inc
- Assets
- $3.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Ocala, FL
- Founding
- 12/1989
- Data as of
- 06/2021
- EIN
- 59-2949915
Organization Overview
Public Education Foundation Of Marion County Inc is located in Ocala, FL. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Public Education Foundation Of Marion County Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Education Foundation Of Marion 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 06/2021, Public Education Foundation Of Marion County Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Public Education Foundation Of Marion County Inc has awarded 150 individual grants totaling $1,470,234. 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
TO FINANCIALLY AND MATERIALLY SUPPORT MARION COUNTY PUBLIC SCHOOLS, ITS STUDENTS AND TEACHERS. THIS IS DONE BY FOCUSING COMMUNITY INTEREST ON PUBLIC EDUCATION; INITIATING SUPPORT AND UNDERWRITING PROJECTS AND PROGRAMS THAT BENEFIT STUDENTS, TEACHERS, ADMINISTRATORS, AND MARION COUNTY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE STOCK IN CHILDREN IS A PROGRAM FOR DESERVING LOW-INCOME CHILDREN IN MARION COUNTY TO ESCAPE THE CYCLE OF POVERTY BY OFFERING STUDENTS COLLEGE SCHOLARSHIPS IF THEY FOLLOW PROGRAM GUIDELINES. EACH STUDENT IS ALSO PROVIDED A CARING VOLUNTEER MENTOR THAT MEETS WITH THE STUDENT ONCE A WEEK FOR ALL 4 YEARS OF HIGH SCHOOL. THE GOAL IS TO REDUCE HIGH SCHOOL DROP-OUTS AND INCREASE THE NUMBER OF STUDENTS WHO FINISH COLLEGE. DURING THE 2020- -2021 YEAR THERE WERE 223 ACTIVE MIDDLE AND HIGH SCHOOL STUDENTS IN THE PROGRAM WITH EACH OF THOSE STUDENTS HAVING A 100% MENTOR MATCH. THERE ARE 164 ACTIVE STUDENT MENTORS WITH SOME MENTORING MORE THAN 1 STUDENT. A TOTAL OF 384,000 WAS GIVEN OUT IN COLLEGE TUITION SCHOLARSHIPS. THE PROGRAM BOASTS A 96% HIGH SCHOOL GRADUATION RATE COMPARED TO 72% OF THEIR AT RISK PEERS.
TOOLS 4 TEACHING IS DESIGNED TO ALLOW TEACHERS TO OBTAIN FREE TEACHING MATERIALS AND OTHER FREE SUPPLIES FOR THEIR CLASSROOMS AND STUDENTS IN NEED. THE GOAL IS TO ALLOW BOTH TEACHERS AND STUDENTS TO HAVE THE TOOLS NECESSARY FOR SUCCESS. ALL MARION COUNTY PUBLIC SCHOOL TEACHERS MAY SHOP ONCE A MONTH FOR FREE SUPPLIES. TEACHERS WHO HAVE THE MATERIALS AND SUPPLIES NECESSARY TO TEACH ARE MORE MOTIVATED TO TEACH AND THE QUALITY OF THEIR TEACHING IS IMPROVED. IN PAST SURVEYS, TEACHERS REPORTED THAT HAVING ADEQUATE SCHOOL SUPPLIES IMPROVED STUDENT GRADES, ATTENDANCE AND BEHAVIOR. DURING THE 2020-2021 YEAR, TOOLS 4 TEACHING HOSTED A TOTAL OF 5,664 SHOPPING TRIPS & PROVIDED OVER 726,588 IN FREE SUPPLIES.
GRANTS FOR GREAT IDEAS IS A COMPETITIVE GRANT PROGRAM OPEN TO ALL MARION COUNTY PUBLIC SCHOOLS TEACHERS AND PRINCIPALS. THE GRANTS PROVIDE FINANCIAL RESOURCES TO IMPLEMENT CREATIVE AND INNOVATIVE CURRICULUM AND PROGRAMS THAT OTHERWISE WOULD NOT BE FUNDED. THE GRANT APPLICATIONS ARE SCORED BY A GROUP OF COMMUNITY VOLUNTEERS AND FOUNDATION BOARD MEMBERS. GRANTS ARE SCORED ON THE FOLLOWING CRITERIA: 1. ADDRESSES A NEED OR CREATES AN OPPORTUNITY. 2. WILL POSITIVELY IMPACT STUDENT LEARNING. 3. MEASUREABLE OUTCOMES ARE REALISTIC. 4. FOLLOW-UP EVALUATION. DURING THE 2020-21 SCHOOL YEAR, 67,000 IN GRANTS FOR GREAT IDEAS WAS AWARDED ACROSS 37 FUNDED GRANTS.
OTHER PROGRAMS OF THE FOUNDATION SUCH AS THE SCHOOL BUSINESS PARTNER PROGRAM, GOLDEN APPLE TEACHER RECOGNITION PROGRAM, SCHOOL RELATED EMPLOYEE OF THE YEAR PROGRAM, AND THE SILVER RIVER SCIENCE LAB INITIATIVE ALL EXPAND SUPPORT FOR MARION COUNTY PUBLIC SCHOOLS. SCHOOL BUSINESS PARTNERS IS A PROGRAM THAT ESTABLISHES RELATIONSHIPS BETWEEN PUBLIC SCHOOLS AND THE BUSINESS COMMUNITY TO ENHANCE EDUCATIONAL EXCELLENCE. THESE PARTNERSHIPS ARE MULTI-YEAR COMMITMENTS IN WHICH BUSINESSES PROVIDE ADDITIONAL FUNDING FOR CAMPUS-WIDE PROJECTS. 42 OF THE AVAILABLE 50 SCHOOLS WERE PARTNERED DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Zanetti Exec Dir - R | Officer | 40 | $10,000 |
George Kirkland Treasurer | OfficerTrustee | 1.4 | $0 |
Gordon Glover Vice Preside | OfficerTrustee | 0.33 | $0 |
Wally Wagoner President | OfficerTrustee | 0.95 | $0 |
Meghan Magamoll Exec Dir Beg | Officer | 40 | $0 |
Diane Gullett Board Member | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,833 |
| Related organizations | $0 |
| Government grants | $189,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,509,165 |
| Noncash contributions included in lines 1a–1f | $555,191 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,046 |
| Total Program Service Revenue | $0 |
| Investment income | $9,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,825 |
| Net Income from Fundraising Events | $45,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,785,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,213 |
| Grants and other assistance to domestic individuals. | $967,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,884 |
| Compensation of current officers, directors, key employees. | $31,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,086 |
| Pension plan accruals and contributions | $24,755 |
| Other employee benefits | $62,707 |
| Payroll taxes | $22,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,431 |
| Advertising and promotion | $1,429 |
| Office expenses | $78,441 |
| Information technology | $12,372 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,636 |
| Interest | $741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,858 |
| Insurance | $8,001 |
| All other expenses | $4,049 |
| Total functional expenses | $1,745,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,787 |
| Savings and temporary cash investments | $379,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $318,700 |
| Prepaid expenses and deferred charges | $4,274 |
| Net Land, buildings, and equipment | $6,728 |
| Investments—publicly traded securities | $694,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,983,639 |
| Total assets | $3,498,766 |
| Accounts payable and accrued expenses | $23,966 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,036 |
| 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 | $19,799 |
| Total liabilities | $54,801 |
| Net assets without donor restrictions | $0 |
| 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 | $3,443,965 |
| Total liabilities and net assets/fund balances | $3,498,766 |
Grants Awarded
Over the last fiscal year, Public Education Foundation Of Marion County Inc has awarded $93,414 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD HIGH SCHOOL PURPOSE: BUS PTNR/GREAT IDEAS | $11,776 |
STANTON WEIRSDALE ELEMENTARY PURPOSE: BUSINESS PARTNERS | $10,793 |
COLLEGE PARK ELEMENTARY PURPOSE: BUSINESS PARTNERS | $8,236 |
FESSENDEN ELEMENTARY PURPOSE: BUSINESS PARTNERS | $8,136 |
LAKE WEIR HIGH SCHOOL PURPOSE: BUSINESS PARTNERS | $7,880 |
DUNNELLON ELEMENTARY SCHOOL PURPOSE: BUSINESS PARTNERS | $6,915 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Public Education Foundation Of Marion County Inc has recieved totaling $211,740.
| Awarding Organization | Amount |
|---|---|
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $161,892 |
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $15,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $15,000 |
Florida Hospital Ocala Inc Ocala, FL PURPOSE: General Support | $12,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Gettel Foundation Inc Bradenton, FL PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $2,593,864 |
| Earnings | $7,099 |
| Net Contributions | $152,336 |
| Other Expense | $87,874 |
| Grants | $51,345 |
| Ending Balance | $2,614,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |