Pasco Education Foundation Inc
- Assets
- $4.7m
- Revenue
- $871.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Land Olakes, FL
- Founding
- 10/1991
- Data as of
- 06/2022
- EIN
- 59-3048717
Organization Overview
Pasco Education Foundation Inc is located in Land Olakes, FL. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Pasco Education Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasco 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, Pasco Education Foundation Inc generated $871.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
THE PASCO EDUCATION FOUNDATION ADVANCES STUDENT ACHIEVEMENT AND INVESTS COMMUNITY RESOURCES TO ENRICH EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND SUPPORT TAKE STOCK IN CHILDREN PROGRAM BY UTILIZING COMMUNITY RESOURCES TO ENRICH EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND EDUCATORS.
PROVIDE SCHOLARSIPS AD GRANTS TO TEACHERS TO ENHANCE THEIR ABILITIES TO EDUCATE AND ENGAGE STUDENTS IN THE LEANING PROCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Capogrosso President | Officer | 40 | $122,367 |
Chip Wright Treasurer | OfficerTrustee | 1 | $0 |
Louise Ellrod Past Chair | OfficerTrustee | 1 | $0 |
Diane Heiler Director | OfficerTrustee | 1 | $0 |
Eric Johnson Chair | OfficerTrustee | 1 | $0 |
Lindsay Moore Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,021,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,021,906 |
| Total Program Service Revenue | $0 |
| Investment income | -$444,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $293,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $871,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $466,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,367 |
| Compensation of current officers, directors, key employees. | $12,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,490 |
| Pension plan accruals and contributions | $36,073 |
| Other employee benefits | $0 |
| Payroll taxes | $31,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,964 |
| Office expenses | $855 |
| Information technology | $4,975 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,229 |
| Insurance | $8,065 |
| All other expenses | $1,116 |
| Total functional expenses | $1,130,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,993 |
| 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 | $1,212,888 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,008,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,418 |
| Total assets | $4,722,241 |
| Accounts payable and accrued expenses | $3,397 |
| 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 | $3,397 |
| Net assets without donor restrictions | $606,395 |
| Net assets with donor restrictions | $4,112,449 |
| 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 | $4,722,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pasco Education Foundation Inc has recieved totaling $154,230.
| Awarding Organization | Amount |
|---|---|
Suncoast Credit Union Foundation Tampa, FL PURPOSE: 2021-2022 FUNDING | $154,230 |
Endowment Analysis
| Beg. Balance | $2,256,859 |
| Earnings | -$56,534 |
| Grants | -$19,033 |
| Ending Balance | $2,181,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |