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Nonprofiteer
← BROWARD EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by BROWARD EDUCATION FOUNDATION INC.

Totals

Total revenue
$7,775,812
Total expenses
$6,501,518
Contributions and grants received
$7,289,564
Grants paid
$0
Program service revenue
$0
Investment income
$359,154
Other revenue
$127,094
Total assets, end of year
$13,985,354
Total liabilities, end of year
$3,818,911
Net assets or fund balances, end of year
$10,166,443
Program services expenses (Part IX)
$5,476,647
Management and general expenses
$707,363
Fundraising expenses
$317,508
Program service expenses (Part III)
$5,476,647

Program services were 84.2% 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.

  • 1c · Fundraising events

    $626,443

  • 1f · All other contributions, gifts and grants

    $6,663,121

  • 1g · Noncash contributions included above

    $2,930,913

  • 3 · Investment income

    total $359,154 · related or exempt $359,154

  • 8a · Fundraising events: contributions included on line 1c

    $626,443

  • 11a · Other revenue: Adminstrative fees

    total $108,084 · related or exempt $108,084

  • 11b · Other revenue: Other Income

    total $19,010 · related or exempt $19,010

  • 11e · Other revenue, total

    $127,094

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $705,757 · program services $402,798 · management and general $225,325 · fundraising $77,634

  • 8 · Pension plan contributions

    total $139,992 · program services $139,992

  • 9 · Other employee benefits

    total $102,692 · program services $56,240 · management and general $35,156 · fundraising $11,296

  • 10 · Payroll taxes

    total $69,266 · program services $39,523 · management and general $22,124 · fundraising $7,619

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $53,966 · management and general $53,966

  • 12 · Advertising and promotion

    total $56,916 · program services $2,151 · management and general $50,625 · fundraising $4,140

  • 13 · Office expenses

    total $100,869 · program services $18,315 · management and general $73,149 · fundraising $9,405

  • 14 · Information technology

    total $23,728 · program services $5,460 · management and general $18,268

  • 16 · Occupancy

    total $43,514 · management and general $43,514

  • 17 · Travel

    total $1,062 · program services $1,062

  • 19 · Conferences, conventions and meetings

    total $8,854 · program services $650 · management and general $8,204

  • 20 · Interest

    total $28,809 · management and general $28,809

  • 22 · Depreciation, depletion and amortization

    total $21,454 · management and general $21,454

  • 23 · Insurance

    total $9,951 · program services $4,478 · management and general $5,473

  • 24a · Other expenses: Program Supplies and Stipend

    total $1,294,366 · program services $1,293,316 · fundraising $1,050

  • 24b · Other expenses: School Supplies Distributed

    total $2,092,601 · program services $2,092,601

  • 24c · Other expenses: Scholarships CashPrepaid

    total $1,333,541 · program services $1,333,541

  • 24d · Other expenses: Special Events

    total $191,339 · fundraising $191,339

  • 24e · All other expenses

    total $222,566 · program services $86,520 · management and general $121,021 · fundraising $15,025

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,052,467 · end of year $538,342

  • 4 · Accounts receivable

    beginning of year $40,000 · end of year $100,000

  • 8 · Inventories for sale or use

    beginning of year $1,754,489 · end of year $2,284,367

  • 10a · Land, buildings and equipment: cost or other basis

    $725,408

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,454

  • 10c · Land, buildings and equipment, net

    beginning of year $687,624 · end of year $703,954

  • 13 · Investments: program-related

    beginning of year $2,766,782 · end of year $3,124,154

  • 15 · Other assets

    beginning of year $6,820,871 · end of year $7,234,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,799 · end of year $62,421

  • 19 · Deferred revenue

    beginning of year $942,813 · end of year $491,625

  • 23 · Secured mortgages and notes payable

    beginning of year $545,659 · end of year $526,504

  • 25 · Other liabilities

    beginning of year $2,683,813 · end of year $2,738,361

  • 27 · Net assets without donor restrictions

    beginning of year $5,088,135 · end of year $7,000,477

  • 28 · Net assets with donor restrictions

    beginning of year $3,804,014 · end of year $3,165,966

Mission and programs · 2023

Mission

Developing,promoting and funding emerging initiatives that benefit the community. BEF serves as a direct support organization of Broward County Public Schools,offering scholarships,teacher grants,classroom supplies, and district-wide recognition, and athletic showcases.

  • Broward Education Foundations School Supply Center provides free school supplies for students in need. Through a collaborative partnership with Kids in Need Foundation and tremendous support from business and community leaders, the educators in schools serving a high percentage of economically disadvantage students shop free, twice a year, in the School Supply Center.

    Expenses $2,454,518

  • Broward Education Foundation awards scholorships to qualified graduating students in Broward County Public Schools. These Scholarships are primarily based on need, as well as on merit and academic achievement. Students pursuing a university, college or vocational education receive scholorships ranging from $500 to a four -year scholorship.

    Expenses $1,440,202

  • The Athletics Program is developing an enduring legacy of athletic excellence, sportsmanship, and community engagement. Matching elite national teams against Browards best in world-class events offer unparalleled competition, mentorship, and camaraderie while fostering the leadership, character, and development of young athletes.

    Expenses $735,511

  • Broward Education Foundations Innovative Teaching Program recognizes innovative teachers for developing engaging and proven curricula. Their classrooms benefit from grant funding while their peers enhance and build upon proven methods of academic achievement. Innovative Teacher grant-winning projects funded through the Foundation instill enthusiasm for learning in the districts students, improve their grasp of the curriculum, ultimately increasing the likelihood they will stay in school.

    Expenses $550,906

  • Other Programs

    Expenses $295,510

As filed on the 2023 return.

Listed in Part VII

  • Shea Ciriago

    Chief Executive Officer

    Total calculated
    $126,453
    From this org
    $126,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Colton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Salerno

    Director

    Total calculated
    $0
    Hours/week
    2

  • Debra Hixon

    Director

    Total calculated
    $0
    Hours/week
    2

  • Megan Turetsky

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alfredo Aguirre

    Director

    Total calculated
    $0
    Hours/week
    2

  • Anna Fusco

    Director

    Total calculated
    $0
    Hours/week
    2

  • Howard Hepburn

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jamie Manburg

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ric Green

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Grutman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sharon Glickman Esq

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tim Curtin

    Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Burt Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Myriam Campo-Goldman

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Dustin Jacobs

    Chair Elect

    Total calculated
    $0
    Hours/week
    2

  • Jean McIntye

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Reynolds

    Chief Financial Officer

    Total calculated
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 March 2025
IRS schema version
2023v6.0
Source object
202530859349300008

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