Form 990 for tax year 2022
Filed by EDUCATION FOUNDATION OF PALM BEACH COUNTY INC.
Totals
- Total revenue
- $8,246,321
- Total expenses
- $4,098,949
- Contributions and grants received
- $8,177,356
- Grants paid
- $187,613
- Program service revenue
- $0
- Investment income
- $32,598
- Other revenue
- $36,367
- Total assets, end of year
- $8,824,795
- Total liabilities, end of year
- $1,362,459
- Net assets or fund balances, end of year
- $7,462,336
- Program services expenses (Part IX)
- $3,245,953
- Management and general expenses
- $273,957
- Fundraising expenses
- $579,039
- Program service expenses (Part III)
- $3,245,953
Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$3,599,583
-
1e · Government grants (contributions)
$433,500
-
1f · All other contributions, gifts and grants
$4,144,273
-
1g · Noncash contributions included above
$1,480,000
-
3 · Investment income
total $31,495 · excluded $31,495
-
7a · Gross sales of assets other than inventory
securities $1,103
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,103
-
7d · Net gain or loss
total $1,103 · excluded $1,103
-
11d · All other revenue
total $36,367 · related or exempt $36,367
-
11e · Other revenue, total
$36,367
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $135,528 · program services $135,528
-
2 · Grants to domestic individuals
total $52,085 · program services $52,085
-
5 · Compensation of officers, directors and key employees
total $193,637 · program services $117,816 · management and general $35,253 · fundraising $40,568
-
7 · Other salaries and wages
total $658,685 · program services $391,462 · management and general $123,741 · fundraising $143,482
-
9 · Other employee benefits
total $18,552 · program services $17,889 · management and general $663
-
10 · Payroll taxes
total $62,860 · program services $37,763 · management and general $6,485 · fundraising $18,612
-
11c · Fees: accounting
total $10,600 · management and general $10,600
-
11g · Fees: other
total $84,566 · program services $4,175 · management and general $57,002 · fundraising $23,389
-
12 · Advertising and promotion
total $2,556 · program services $2,496 · fundraising $60
-
13 · Office expenses
total $25,517 · program services $5,031 · management and general $7,451 · fundraising $13,035
-
16 · Occupancy
total $6,549 · program services $690 · management and general $5,859
-
19 · Conferences, conventions and meetings
total $71,157 · program services $44,341 · management and general $5,409 · fundraising $21,407
-
22 · Depreciation, depletion and amortization
total $11,489 · program services $11,489
-
23 · Insurance
total $17,379 · program services $7,266 · management and general $10,113
-
24a · Other expenses: SCHOOL SUPPLIES DISTRIB
total $1,551,626 · program services $1,551,626
-
24b · Other expenses: PROGRAM SUPPLIES
total $475,954 · program services $257,638 · fundraising $218,316
-
24c · Other expenses: SCHOOL SUPPLIES
total $312,426 · program services $312,426
-
24d · Other expenses: PROGRAM EQUIPMENT
total $198,194 · program services $198,194
-
24e · All other expenses
total $209,589 · program services $98,038 · management and general $11,381 · fundraising $100,170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,503,342 · end of year $5,672,644
-
4 · Accounts receivable
beginning of year $0 · end of year $1,281
-
8 · Inventories for sale or use
beginning of year $602,197 · end of year $523,562
-
10a · Land, buildings and equipment: cost or other basis
$588,823
-
10b · Land, buildings and equipment: accumulated depreciation
$65,330
-
10c · Land, buildings and equipment, net
beginning of year $108,178 · end of year $523,493
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $1,540,559
-
13 · Investments: program-related
beginning of year $327,078 · end of year $388,093
-
15 · Other assets
beginning of year $42,991 · end of year $175,163
-
17 · Accounts payable and accrued expenses
beginning of year $142,006 · end of year $455,783
-
25 · Other liabilities
beginning of year $1,183,091 · end of year $906,676
-
27 · Net assets without donor restrictions
beginning of year $2,429,173 · end of year $2,825,172
-
28 · Net assets with donor restrictions
beginning of year $829,516 · end of year $4,637,164
Mission and programs · 2022
Mission
THE FOUNDATION IS THE NEXUS OF PALM BEACH COUNTY'S PUBLIC SCHOOLS, THE PRIVATE SECTOR, AND THE COMMUNITY. IT FACILITATES STUDENT ACHIEVEMENT BY SUPPORTING HIGH QUALITY PUBLIC EDUCATION THROUGH PARTNERSHIP, GRANTS, EVENTS AND PUBLIC AWARENESS. THE FOUNDATION'S VISION IS TO ENSURE A PUBLIC SCHOOL SYSTEM IN PALM BEACH COUNTY WHERE EVERY STUDENT HAS THE OPPORTUNITY TO ACHEIVE TO HIS OR HER HIGHEST POTENTIAL.
-
RED APPLE SUPPLY STORE: THIS PROGRAM IS A FREE SUPPLY STORE FOR TEACHERS PROVIDING CRITICAL SUPPLIES TO STUDENTS IN THE HIGHEST-NEEDS SCHOOLS IN THE DISTRICT.
Expenses $1,097,617 · Grants $140,604 · Revenue $13,359
-
CAREER EDUCATION: THESE PROGRAMS SUPPORT STUDENTS IN PREPARING FOR CAREER AND POST-SECONDARY SUCCESS BEYOND HIGH SCHOOL. EXAMPLES INCLUDE THE CYBERSECURITY ACADEMY, BEHAVIORAL HEALTH TECHNICIAN, AND HVAC ACADEMY.
Expenses $849,927 · Revenue $19,133
-
GO TEACH: PROVIDES INDIVIDUAL AND CLASSROOM GRANTS THAT ENCOURAGE EDUCATORS TO CREATE INNOVATIVE AND EXCITING EDUCATION OPPORTUNITIES FOR STUDENTS.
Expenses $259,793 · Revenue $3,875
-
OTHER PROGRAMS INCLUDE ACADEMIC IMPROVEMENT, WHICH PREPARES STUDENTS FOR COLLEGE READINESS AND SUCCESS, AND VARIOUS OTHER GRANT PROGRAMS WHICH SUPPORT EDUCATION.
Expenses $1,038,616 · Grants $47,009
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James MooreJAMES MOORE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.1
-
Kimberly LeaKIMBERLY LEA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Marty CassMARTY CASS
TREASURER/CHAIR, FINANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Lisa KingLISA KING
CHAIR, DEVELOPMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Lisa ParkLISA PARK
CHAIR, PROGRAMS & GRANTS COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Jim MooreJIM MOORE
CHAIR, HR/COMPENSATION COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Juan TagleJUAN TAGLE
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kenneth KahnKENNETH KAHN
EXECUTIVE COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Alan BasemanALAN BASEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nadege BernardNADEGE BERNARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ellen BishopELLEN BISHOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jay BoggessJAY BOGGESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Karen BrillKAREN BRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Supt Michael BurkeSUPT MICHAEL BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jorge Cabrera JrJORGE CABRERA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Frank CompianiFRANK COMPIANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nicole DaggsNICOLE DAGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Leanne EvansLEANNE EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
George FormanGEORGE FORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jorge FuentesJORGE FUENTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael KohnerMICHAEL KOHNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Luke KurtzLUKE KURTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Merdochey LafranceMERDOCHEY LAFRANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Max MaconMAX MACON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Lauren MarcumLAUREN MARCUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Sophia NelsonSOPHIA NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jordan PaulJORDAN PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
George PruegerGEORGE PRUEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mike PychMIKE PYCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kimberly ReckleyKIMBERLY RECKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Greg SchwinghammerGREG SCHWINGHAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Marko SerranoMARKO SERRANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Glenda SheffieldDR GLENDA SHEFFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tanya SiskindTANYA SISKIND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kelly SmallridgeKELLY SMALLRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael ThomasMICHAEL THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ed TierneyED TIERNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Meredith TrimMEREDITH TRIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
James S GavrilosJAMES S GAVRILOS
PRESIDENT & CEO
- Total calculated
- $174,213
- From this org
- $168,237
- From related orgs
- $0
- Other
- $5,976
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,212
- Bonus
- $15,000
- Other
- $25
- Deferred
- $0
- Nontaxable benefits
- $5,976
- Filer's total
- $174,213
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE PRESIDENT/CEO IS DETERMINED BY THE CHAIRMAN OF THE BOARD AFTER CONSULTATION WITH THE BOARD'S EXECUTIVE COMMITTEE. THE PROCESS OF AN EVALUATION OF PERFORMANCE AND AREAS OF ACCOMPLISHMENT, STRENGTHS, AND SUGGESTIONS FOR IMPROVEMENT. COMPENSATION DATA FOR COMPARABLE POSITIONS AND QUALIFICATIONS IS CONSIDERED. THIS PROCESS IS DOCUMENTED IN WRITING.
- PART I, LINE 7
- BONUSES WERE PAID IN CALENDAR YEAR 2022 AND INCLUDED ON THE EMPLOYEE'S W-2.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
PALM BEACH COUNTY SCHOOLS
$135,528
MINI GRANTS (GO TEACH) TO SCHOOLS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349301014
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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