Flagler County Education - Direct Support Organization Inc
- Assets
- $3.7m
- Revenue
- $799.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bunnell, FL
- Founding
- 07/1990
- Data as of
- 06/2022
- EIN
- 59-3006312
Organization Overview
Flagler County Education - Direct Support Organization Inc, operating under the name Flagler County Education Foundation, is located in Bunnell, FL. The organization was established in 1990. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flagler County Education Foundation 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, Flagler County Education Foundation generated $799.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $789.3k during the year ending 06/2022. While expenses have increased by 13.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP A PARTNERSHIP BETWEEN THE COMMUNITY AND THE FLAGLER COUNTY SCHOOL DISTRICT FOR THE ENHANCEMENT AND SUPPORT OF PUBLIC EDUCATION IN FLAGLER COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NECESSARY FUNDING OF VARIOUS STUDENT SCHOLARSHIPS FOR THOSE INDIVIDUAL STUDENTS WHO ARE QUALIFIED AND SELECTED TO RECEIVE CASH AWARDS, FOR THE ACQUISITION OF GROUP STUDENT PREPAID TUITION SCHOLARSHIPS THROUGH THE UTILIZATION OF THE FLORIDA PREPAID COLLEGE FOUNDATION, AND FOR THE DEVELOPMENT AND ADMINSTRATION OF THE TAKE STOCK IN CHILDREN SCHOLARSHIP PROGRAM.
TO PROVIDE SUPPORT TO DISTRICT SCHOOLS AND TEACHERS THROUGH MINI-GRANTS USED FOR VARIOUS CLASSROOM PROJECTS, INCLUDING JOSH CREWS WRITING PROJECT, BEAVER TOYOTA TEACHER FUND-A-PROJECT, AND FLAGSHIP SCHOOL IMPROVEMENT PROJECTS.
TO PROVIDE ESSENTIAL FINANCIAL SUPPORT TO STUDENT SERVICES PROGRAMS THROUGH FINANCING LIMITED EXPENSE SUBSIDIES TO NEEDY FAMILIES AND STUDENTS, AND TO SUPPORT A HOST OF VARIOUS STUDENT SERVICES PROGRAMS BENEFITTING THE DISTRICT'S STUDENTS, STEM LEARNING PROGRAM, STUFF BUS PROGRAM, EMPLOYEE RECOGNITION PROGRAM AND OTHER RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Alfin Past President | OfficerTrustee | 4 | $0 |
Jennifer Ames Treasurer | OfficerTrustee | 4 | $0 |
Maria Lavin-Sanhudo Vice President | OfficerTrustee | 4 | $0 |
Jennifer Thornton-Ascone President | OfficerTrustee | 4 | $0 |
Annmarie Zweifel President Elect | OfficerTrustee | 2 | $0 |
Joseph Rizzo Executive Director - Deceased | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $95,000 |
| Membership dues | $0 |
| Fundraising events | $135,025 |
| Related organizations | $0 |
| Government grants | $277,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,061 |
| Total Program Service Revenue | $0 |
| Investment income | $56,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $799,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $294,582 |
| Grants and other assistance to domestic individuals. | $138,340 |
| 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 | $0 |
| 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 | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,142 |
| Fees for services: Other | $183,872 |
| Advertising and promotion | $37,435 |
| Office expenses | $39,356 |
| Information technology | $19,030 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,584 |
| Interest | $1,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,947 |
| All other expenses | $0 |
| Total functional expenses | $789,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,704 |
| 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 | $2,709,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532,099 |
| Total assets | $3,677,146 |
| Accounts payable and accrued expenses | $17,732 |
| 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 | $92,422 |
| Total liabilities | $110,154 |
| Net assets without donor restrictions | -$72,743 |
| Net assets with donor restrictions | $3,639,735 |
| 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 | $3,677,146 |
Grants Awarded
Over the last fiscal year, Flagler County Education - Direct Support Organization Inc has awarded $74,598 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLAGLER COUNTY SCHOOL DISTRICT PURPOSE: MINI GRANTS | $54,260 |
FLAGLER COUNTY SCHOOL DISTRICT PURPOSE: STUDENT SCHOLARSHIPS | $20,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flagler County Education - Direct Support Organization Inc has recieved totaling $75,250.
| Awarding Organization | Amount |
|---|---|
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $75,250 |
Endowment Analysis
| Beg. Balance | $1,515,559 |
| Ending Balance | $1,515,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |