Form 990 for tax year 2023

Totals

Total revenue

$1,748,033

Total expenses

$1,579,534

Contributions and grants received

$1,782,457

Grants paid

$797,381

Program service revenue

$0

Investment income

$0

Other revenue

-$34,424

Total assets, end of year

$2,562,900

Total liabilities, end of year

$901,067

Net assets or fund balances, end of year

$1,661,833

Program services expenses (Part IX)

$1,155,222

Management and general expenses

$233,128

Fundraising expenses

$191,184

Program service expenses (Part III)

$1,155,222

Program services were 73.1% 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.

Mission and programs · 2023

• CLASSROOM GRANTS, SCHOLARSHIPS AND SPECIAL FUNDING - THESE PROGRAMS PROVIDE FUNDING FOR TEACHERS (GRANTS) AND STUDENTS (SCHOLARSHIPS AND SUPPLIES). WORKING WITH CORPORATE AND COMMUNITY PARTNERS, THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO OVER 24 SCHOOLS (TEACHERS AND STUDENTS). PROVIDES FUNDING AND EXTRA RESOURCES FOR STUDENTS, TEACHERS, AND SCHOOLS TO COVER THE GAP THAT EXISTS BETWEEN WHAT THE SCHOOL BUDGETS AND WHAT IS NEEDED TO ENSURE THE ACADEMIC SUCCESS OF OUR STUDENTS.

  Expenses $455,739 · Grants $277,305

• TOOLS 4 SCHOOLS TEACHER SUPPLY STORE - THIS PROGRAM PROVIDES SCHOOL SUPPLIES YEAR ROUND TO TEACHERS AND STUDENTS. THE PROGRAM ALLOWS TEACHERS TO SHOP FOR FREE FOR SUPPLIES FOR THEIR CLASSROOMS AND/OR STUDENTS IN NEED. THIS PROGRAM SERVES OVER 24 SCHOOLS AND REACHES MORE THAN 21,000 STUDENTS AND 1,600 TEACHERS. THE TOOLS 4 SCHOOLS STORE IS A PHYSICAL STORE STOCKED THROUGH DONATIONS AND DONATED FUNDS. OPERATION CINDERELLA BOUTIQUE - THIS STORE IS FOR STUDENTS OF LOW-INCOME FAMILIES WHO ARE LOOKING FOR A GOOD QUALITY DRESS OR SUIT FOR THEIR HIGH SCHOOL OR MIDDLE SCHOOL DANCES. THE BOUTIQUE HAS RECEIVED NONCASH CONTRIBUTIONS OF OVER 178 QUALITY DRESSES AND SUITS DURING THE YEAR. THESE DRESSES & SUITS ARE OFFERED AT NO COSTS TO THE STUDENT OR THEIR FAMILY.

  Expenses $563,105 · Grants $465,503

• THE TAKE STOCK IN CHILDREN PROGRAM PROVIDES A UNIQUE OPPORTUNITY FOR LOWINCOME AND AT-RISK STUDENTS, MANY FROM MINORITY FAMILIES, TO ESCAPE THE CYCLE OF POVERTY THROUGH EDUCATION. THIS PROGRAM OFFERS STUDENTS COLLEGE SCHOLARSHIPS, CARING VOLUNTEER MENTORS, AND HOPE FOR A BETTER LIFE.

  Expenses $82,056 · Grants $54,573

• RECOGNITION EVENTS - TEACHER OF THE YEAR, SCHOOL RELATED EMPLOYEE OF THE YEAR, TURNAROUND STUDENT - RECOGNITION OF OUTSTANDING TEACHERS AND SCHOOL RELATED EMPLOYEES FOR THEIR EFFORTS TO HELP STUDENTS OF HERNANDO COUNTY.

  Expenses $54,322

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• HERNANDO COUNTY SCHOOL BOARD

  $283,841

  SEE PART IV

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• HERNANDO CNTY SCHOOL BOARD DISTRICT

  SCHOOLS · FL

Provenance

Return type

form_990

Tax year

2023

Filed

13 May 2025

IRS schema version

2023v6.0

Source object

202531349349307173

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