Form 990 for tax year 2024

Totals

Total revenue

$2,943,271

Total expenses

$1,580,218

Contributions and grants received

$2,982,759

Grants paid

$703,687

Program service revenue

$0

Investment income

$0

Other revenue

-$39,488

Total assets, end of year

$3,030,113

Total liabilities, end of year

$5,227

Net assets or fund balances, end of year

$3,024,886

Program services expenses (Part IX)

$1,292,356

Management and general expenses

$272,141

Fundraising expenses

$15,721

Program service expenses (Part III)

$1,292,356

Program services were 81.8% 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 · 2024

• CLASSROOM GRANTS, SCHOLARSHIPS AND SPECIAL FUNDING - THE FOUNDATION ADMINISTERS CLASSROOM GRANTS, STUDENT SCHOLARSHIPS, AND SPECIAL FUNDING INITIATIVES TO SUPPORT EDUCATIONAL ACHIEVEMENT ACROSS MORE THAN 24 PUBLIC SCHOOLS IN HERNANDO COUNTY. CLASSROOM GRANTS PROVIDE TEACHERS WITH SUPPLEMENTAL FUNDING FOR INNOVATIVE INSTRUCTIONAL PROJECTS, MATERIALS, AND TECHNOLOGY THAT ENHANCE STUDENT LEARNING. SCHOLARSHIPS AND STUDENT ASSISTANCE PROGRAMS HELP REMOVE FINANCIAL BARRIERS TO POSTSECONDARY EDUCATION AND ACADEMIC PARTICIPATION. IN PARTNERSHIP WITH CORPORATE AND COMMUNITY DONORS, THE FOUNDATION ADDRESSES FUNDING GAPS NOT COVERED BY SCHOOL DISTRICT BUDGETS, ENSURING EQUITABLE ACCESS TO RESOURCES THAT PROMOTE STUDENT SUCCESS AND EDUCATIONAL ADVANCEMENT.

  Expenses $968,944 · Grants $506,275

• SEE SCHEDULE OTOOLS 4 SCHOOLS TEACHER SUPPLY STORETHE FOUNDATION OPERATES A YEAR-ROUND TEACHER RESOURCE STORE PROVIDING FREE SCHOOL SUPPLIES TO EDUCATORS SERVING MORE THAN 24 PUBLIC SCHOOLS IN HERNANDO COUNTY. THE PROGRAM SUPPORTS APPROXIMATELY 1,600 TEACHERS AND BENEFITS MORE THAN 21,000 STUDENTS ANNUALLY. THE PHYSICAL STORE IS STOCKED THROUGH DONATED GOODS AND CONTRIBUTED FUNDS. BY PROVIDING CLASSROOM MATERIALS AT NO COST, THE PROGRAM REDUCES OUT-OF-POCKET EXPENSES FOR TEACHERS AND ENSURES STUDENTS HAVE ACCESS TO ESSENTIAL INSTRUCTIONAL RESOURCES.OPERATION CINDERELLA BOUTIQUEOPERATION CINDERELLA PROVIDES FORMAL ATTIRE AT NO COST TO STUDENTS FROM LOW-INCOME FAMILIES FOR SCHOOL-SPONSORED EVENTS. DURING THE YEAR, THE PROGRAM DISTRIBUTED OVER 178 DONATED DRESSES AND SUITS. ALL ITEMS ARE RECEIVED THROUGH NONCASH CONTRIBUTIONS AND OFFERED FREE OF CHARGE, REMOVING FINANCIAL BARRIERS TO STUDENT PARTICIPATION IN MILESTONE SCHOOL EVENTS.

  Expenses $193,845 · Grants $135,597

• THE FOUNDATION ADMINISTERS THE TAKE STOCK IN CHILDREN PROGRAM, WHICH PROVIDES COMPREHENSIVE SUPPORT SERVICES TO LOW-INCOME AND AT-RISK STUDENTS IN HERNANDO COUNTY. THE PROGRAM INCLUDES COLLEGE SCHOLARSHIPS, VOLUNTEER MENTORING, ACADEMIC MONITORING, AND COLLEGE READINESS GUIDANCE DESIGNED TO IMPROVE HIGH SCHOOL COMPLETION AND POSTSECONDARY ENROLLMENT. STUDENTS ARE SELECTED BASED ON FINANCIAL NEED AND ACADEMIC CRITERIA. THROUGH STRUCTURED MENTORSHIP AND LONG-TERM SCHOLARSHIP COMMITMENTS, THE PROGRAM PROMOTES EDUCATIONAL ATTAINMENT, WORKFORCE READINESS, AND ECONOMIC MOBILITY FOR PARTICIPATING STUDENTS.

  Expenses $100,102 · Grants $37,421

• THE FOUNDATION CONDUCTS ANNUAL RECOGNITION PROGRAMS HONORING OUTSTANDING TEACHERS, SCHOOL-RELATED EMPLOYEES, AND STUDENTS WITHIN HERNANDO COUNTY PUBLIC SCHOOLS. THESE EVENTS HIGHLIGHT EXEMPLARY PERFORMANCE, DEDICATION, AND MEASURABLE IMPACT ON STUDENT ACHIEVEMENT. HONOREES ARE SELECTED THROUGH A STRUCTURED NOMINATION AND EVALUATION PROCESS. THE PROGRAM PROMOTES EXCELLENCE IN EDUCATION, SUPPORTS WORKFORCE MORALE AND RETENTION, AND STRENGTHENS COMMUNITY AWARENESS OF PUBLIC EDUCATION. ASSOCIATED EXPENSES INCLUDE EVENT PRODUCTION, AWARDS, SCHOLARSHIPS, AND PROGRAM SUPPORT COSTS DIRECTLY RELATED TO ADVANCING EDUCATIONAL EXCELLENCE.

  Expenses $29,465 · Grants $24,394

As filed on the 2024 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. 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

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

• HERNANDO COUNTY SCHOOL BOARD

  $419,546

  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

2024

Filed

14 May 2026

IRS schema version

2024v5.5

Source object

202601359349310180

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