Form 990 for tax year 2024
Filed by EDUCATION FOUNDATION OF MARTIN COUNTY INC.
Totals
- Total revenue
- $1,383,944
- Total expenses
- $1,016,077
- Contributions and grants received
- $1,207,770
- Grants paid
- $604,651
- Program service revenue
- $0
- Investment income
- $10,766
- Other revenue
- $165,408
- Total assets, end of year
- $864,003
- Total liabilities, end of year
- $4,025
- Net assets or fund balances, end of year
- $859,978
- Program services expenses (Part IX)
- $959,632
- Management and general expenses
- $20,616
- Fundraising expenses
- $35,829
- Program service expenses (Part III)
- $959,632
Program services were 94.4% 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.
-
1f · All other contributions, gifts and grants
$1,207,770
-
3 · Investment income
total $10,766 · excluded $10,766
-
8a · Fundraising events: gross income
$219,082
-
8b · Fundraising events: direct expenses
$67,174
-
8c · Net income from fundraising events
total $151,908 · excluded $151,908
-
11a · Other revenue: MISCELLANEOUS INCOME
total $13,500 · related or exempt $13,500
-
11e · Other revenue, total
$13,500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $453,488 · program services $453,488
-
2 · Grants to domestic individuals
total $151,163 · program services $151,163
-
7 · Other salaries and wages
total $268,989 · program services $228,640 · management and general $13,449 · fundraising $26,900
-
10 · Payroll taxes
total $34,993 · program services $29,744 · management and general $1,750 · fundraising $3,499
-
11g · Fees: other
total $15,618 · program services $14,057 · management and general $781 · fundraising $780
-
12 · Advertising and promotion
total $14,234 · program services $12,811 · management and general $712 · fundraising $711
-
13 · Office expenses
total $12,172 · program services $10,955 · management and general $609 · fundraising $608
-
16 · Occupancy
total $28,478 · program services $25,631 · management and general $1,424 · fundraising $1,423
-
17 · Travel
total $11,544 · program services $10,389 · management and general $577 · fundraising $578
-
22 · Depreciation, depletion and amortization
total $1,253 · program services $1,128 · management and general $63 · fundraising $62
-
23 · Insurance
total $3,522 · program services $3,170 · management and general $176 · fundraising $176
-
24a · Other expenses: WEBSITE
total $9,764 · program services $8,787 · management and general $488 · fundraising $489
-
24b · Other expenses: BANK FEES
total $6,796 · program services $6,117 · management and general $340 · fundraising $339
-
24c · Other expenses: VOLUNTEER SUPPORT
total $1,312 · program services $1,181 · management and general $66 · fundraising $65
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $1,280 · program services $1,152 · management and general $64 · fundraising $64
-
24e · All other expenses
total $1,471 · program services $1,219 · management and general $117 · fundraising $135
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $434,228 · end of year $763,716
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $5,969
-
10a · Land, buildings and equipment: cost or other basis
$9,612
-
10b · Land, buildings and equipment: accumulated depreciation
$4,635
-
10c · Land, buildings and equipment, net
beginning of year $880 · end of year $4,977
-
15 · Other assets
beginning of year $77,641 · end of year $89,341
-
17 · Accounts payable and accrued expenses
beginning of year $20,638 · end of year $4,025
-
27 · Net assets without donor restrictions
beginning of year $301,303 · end of year $697,607
-
28 · Net assets with donor restrictions
beginning of year $190,808 · end of year $162,371
Mission and programs · 2024
Mission
THE MISSION OF THE EDUCATION FOUNDATION OF MARTIN COUNTY IS TO ENRICH AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS AND TEACHERS, IN THE MARTIN COUNTY SCHOOL DISTRICT, THROUGH EFFECTIVE FUNDRAISING EFFORTS, POSITIVE COLLABORATIVE PARTNERSHIPS, INNOVATIVE PROGRAMMING, AND EFFICIENT ALLOCATION OF RESOURCES.
Activities or mission (Part I)
THE EDUCATION FOUNDATION OF MARTIN COUNTY (EFMC)IS A NOT-FOR-PROFIT 501(C)(3), COMMUNITY INVESTMENT ORGANIZATION COMPRISED OF BUSINESS LEADERS, COMMUNITY VOLUNTEERS, AND SCHOOL OFFICIALS WITH THE MISSION OF ENRICHING AND ENHANCING EDUCATION OPPORTUNITIES FOR ALL STUDENTS AND TEACHERS OF THE MARTIN COUNTY SCHOOL DISTRICT, THROUGH EFFECTIVE FUNDRAISING EFFORTS, POSITIVE COLLABORATIVE PARTNERSHIPS, INNOVATIVE PROGRAMMING, AND EFFICIENT ALLOCATION OF RESOURCES.
-
SEE ATTACHED STATEMENT - CLASSROOM ENRICHMENT AND INSTRUCTIONAL SUPPORT
Expenses $716,382 · Grants $453,488
-
SEE ATTACHED STATEMENT - SCHOLARSHIPS
Expenses $71,910 · Grants $60,465
-
SEE ATTACHED STATEMENT - SPECIAL INITIATIVES & TEACHER RECOGNITION
Expenses $171,340 · Grants $90,698
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gayle HarrellGAYLE HARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael MoehringMICHAEL MOEHRING
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Kevin StatenKEVIN STATEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Linda FitzpatrickLINDA FITZPATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ian CotnerIAN COTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tyson WatersTYSON WATERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Linda ProbstLINDA PROBST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vanessa MolinaVANESSA MOLINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeanine WebsterJEANINE WEBSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pat MurrayPAT MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jennifer Ditrapani DVMDR JENNIFER DITRAPANI DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelley DecowskiKELLEY DECOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Lois McGuireDR LOIS MCGUIRE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer RussellJENNIFER RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael MaineMICHAEL MAINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joshua PerryJOSHUA PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa RhodesLISA RHODES
EXECUTIVE DIRECTOR
- Total calculated
- $103,459
- From this org
- $103,459
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
-
MARTIN COUNTY SCHOOL BOARD
$453,488
EDUCATION SUPPORT, SCHOLARSHIPS, RECOGNITIONS.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349310320
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