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Nonprofiteer
← THE FOUNDATION FOR OSCEOLA EDUCATION INC

Form 990 for tax year 2022

Filed by THE FOUNDATION FOR OSCEOLA EDUCATION INC.

Totals

Total revenue
$22,780,540
Total expenses
$21,574,383
Contributions and grants received
$19,295,013
Grants paid
$1,214,951
Program service revenue
$3,107,662
Investment income
$261,742
Other revenue
$116,123
Total assets, end of year
$18,492,669
Total liabilities, end of year
$12,791,312
Net assets or fund balances, end of year
$5,701,357
Program services expenses (Part IX)
$21,380,619
Management and general expenses
$193,764
Fundraising expenses
$0
Program service expenses (Part III)
$21,380,619

Program services were 99.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $13,034,404

  • 1f · All other contributions, gifts and grants

    $6,260,609

  • 1g · Noncash contributions included above

    $2,677,810

  • 2a · Program service revenue: INSTRUCTION

    total $3,099,288 · related or exempt $3,099,288

  • 2b · Program service revenue: SCHOOL ADMINISTRATION

    total $5,374 · related or exempt $5,374

  • 2c · Program service revenue: EDUCATION AWARDS INCOME

    total $3,000 · related or exempt $3,000

  • 3 · Investment income

    total $261,742 · related or exempt $261,742

  • 8a · Fundraising events: gross income

    $199,039

  • 8b · Fundraising events: direct expenses

    $82,916

  • 8c · Net income from fundraising events

    total $116,123 · excluded $116,123

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,214,951 · program services $1,214,951

  • 5 · Compensation of officers, directors and key employees

    total $201,483 · program services $161,187 · management and general $40,296

  • 7 · Other salaries and wages

    total $451,328 · program services $352,779 · management and general $98,549

  • 8 · Pension plan contributions

    total $25,815 · program services $20,652 · management and general $5,163

  • 10 · Payroll taxes

    total $62,778 · program services $50,222 · management and general $12,556

  • 11b · Fees: legal

    total $30,816 · program services $30,816

  • 11c · Fees: accounting

    total $22,150 · program services $22,150

  • 13 · Office expenses

    total $8,377 · program services $8,377

  • 17 · Travel

    total $1,309 · program services $1,309

  • 20 · Interest

    total $155,477 · program services $155,477

  • 22 · Depreciation, depletion and amortization

    total $128,661 · program services $128,661

  • 23 · Insurance

    total $24,256 · management and general $24,256

  • 24a · Other expenses: BASIC INSTRUCTION

    total $8,497,949 · program services $8,497,949

  • 24b · Other expenses: IN-KIND

    total $2,677,810 · program services $2,677,810

  • 24c · Other expenses: OPERATION OF PLANT

    total $1,934,743 · program services $1,934,743

  • 24d · Other expenses: GENERAL ADMIN

    total $1,249,117 · program services $1,249,117

  • 24e · All other expenses

    total $4,887,363 · program services $4,874,419 · management and general $12,944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,750,275 · end of year $3,582,495

  • 2 · Savings and temporary cash investments

    beginning of year $1,744,004 · end of year $1,880,602

  • 4 · Accounts receivable

    beginning of year $4,032 · end of year $7,432

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,854 · end of year $9,844

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

    $11,938,172

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

    $7,060,567

  • 10c · Land, buildings and equipment, net

    beginning of year $4,950,082 · end of year $4,877,605

  • 11 · Investments: publicly traded securities

    beginning of year $4,959,915 · end of year $6,210,010

  • 15 · Other assets

    beginning of year $1,798,039 · end of year $1,924,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $658,876 · end of year $682,725

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,215,000 · end of year $4,180,000

  • 25 · Other liabilities

    beginning of year $7,862,125 · end of year $7,928,587

  • 27 · Net assets without donor restrictions

    beginning of year $1,060,567 · end of year $1,920,571

  • 28 · Net assets with donor restrictions

    beginning of year $3,434,633 · end of year $3,780,786

Mission and programs · 2022

Mission

ENHANCE PUBLIC EDUCATION FOR OSCEOLA COUNTY SCHOOLS

  • CHARTER SCHOOLS: TO PROVIDE MORE CLASSROOMS FOR OSCEOLA COUNTY, AND TO PROMOTE A HIGH STANDARD OF EDUCATION FOR OSCEOLA COUNTY. THE EDUCATION FOUNDATION'S FAMILY OF CHARTER ACADEMIES CONSISTS OF TWO CHARTER SCHOOLS, BELLALAGO ACADEMY, AND P.M. WELLS CHARTER ACADEMY.

    Expenses $19,280,173 · Revenue $2,213,472

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,725,492 · Grants $1,214,951 · Revenue $515,931

  • A GIFT FOR TEACHING: A FREE STORE FOR TEACHERS TO SHOP FOR SUPPLIES TO BE GIVEN TO NEEDY CHILDREN IN THEIR CLASSROOMS. THE MISSION IS TO ENSURE THAT CHILDREN AND CLASSROOMS IN THE COMMUNITY HAVE THE BASIC TOOLS FOR LEARNING.

    Expenses $186,584 · Revenue $168,840

  • OTHER PROGRAM SERVICES INCLUDE: -TAKE STOCK IN CHILDREN -BOOKMARK BUDDIES -MEDICAL PIPELINE -CONSTRUCTION PIPELINE -ENHANCEMENT GRANTS

    Expenses $188,370 · Revenue $209,419

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • LARE ALLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLOS ALVAREZ III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE ASKEW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARBARA BOMBALIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIKA BOOTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KORY BROUSSARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARC CLINCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HOLLY DUKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARISA ENGLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY ESPOSITO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE FAHMIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZANNA FERNANDEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN FLETCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN GEBHARDT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBB LARSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH LAUGHON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF MOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAVELL MONGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBRA PACE

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PENGELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHY PIERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHEILA RANKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMIE ROBERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORA RODRIGUEZ-PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANITZA SAN MIGUEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CASMORE SHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOLENE SHEIVE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELISSA THACKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM TOMPKINS

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • BRUCE VICKERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAY WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFERY WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED HAWKINS JR

    PRESIDENT

    Total calculated
    $93,331
    From this org
    $93,331
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KERRY AVERY

    EXEC. DIR.

    Total calculated
    $108,152
    From this org
    $108,152
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202343499349300134

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