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← EDUCATION FOUNDATION OF INDIAN RIVER COUNTY INC

Form 990 for tax year 2022

Filed by EDUCATION FOUNDATION OF INDIAN RIVER COUNTY INC.

Totals

Total revenue
$438,310
Total expenses
$699,070
Contributions and grants received
$432,660
Grants paid
$342,295
Program service revenue
$0
Investment income
$2,259
Other revenue
$3,391
Total assets, end of year
$358,576
Total liabilities, end of year
$73,604
Net assets or fund balances, end of year
$284,972
Program services expenses (Part IX)
$581,937
Management and general expenses
$103,541
Fundraising expenses
$13,592
Program service expenses (Part III)
$581,937

Program services were 83.2% 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.

  • 1a · Federated campaigns

    $22,000

  • 1e · Government grants (contributions)

    $136,182

  • 1f · All other contributions, gifts and grants

    $274,478

  • 3 · Investment income

    total $1,999 · excluded $1,999

  • 7a · Gross sales of assets other than inventory

    other assets $260

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $260

  • 7d · Net gain or loss

    total $260 · related or exempt $260

  • 8a · Fundraising events: gross income

    $6,886

  • 8b · Fundraising events: direct expenses

    $3,495

  • 8c · Net income from fundraising events

    total $3,391 · excluded $3,391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,053 · program services $329,053

  • 2 · Grants to domestic individuals

    total $13,242 · program services $13,242

  • 5 · Compensation of officers, directors and key employees

    total $146,914 · program services $124,877 · management and general $14,691 · fundraising $7,346

  • 7 · Other salaries and wages

    total $37,070 · program services $29,656 · management and general $5,560 · fundraising $1,854

  • 10 · Payroll taxes

    total $13,911 · program services $11,684 · management and general $1,531 · fundraising $696

  • 11c · Fees: accounting

    total $28,150 · management and general $28,150

  • 11g · Fees: other

    total $21,182 · program services $18,592 · management and general $2,577 · fundraising $13

  • 12 · Advertising and promotion

    total $25,807 · management and general $23,939 · fundraising $1,868

  • 13 · Office expenses

    total $18,970 · program services $7,128 · management and general $11,680 · fundraising $162

  • 14 · Information technology

    total $10,439 · management and general $10,439

  • 16 · Occupancy

    total $12,802 · program services $10,752 · management and general $1,410 · fundraising $640

  • 17 · Travel

    total $8,721 · program services $8,287 · management and general $434

  • 19 · Conferences, conventions and meetings

    total $190 · management and general $190

  • 20 · Interest

    total $218 · management and general $218

  • 22 · Depreciation, depletion and amortization

    total $782 · program services $657 · management and general $86 · fundraising $39

  • 23 · Insurance

    total $1,702 · program services $1,429 · management and general $188 · fundraising $85

  • 24a · Other expenses: SPECIAL EVENTS

    total $22,978 · program services $22,089 · fundraising $889

  • 24b · Other expenses: FEES AND LICENSES

    total $5,448 · program services $3,375 · management and general $2,073

  • 24c · Other expenses: ENTERTAINMENT, FOOD, AN

    total $1,116 · program services $1,116

  • 24d · Other expenses: BOARD OF DIRECTORS EXPE

    total $375 · management and general $375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,783 · end of year $92,142

  • 3 · Pledges and grants receivable

    beginning of year $269,414 · end of year $136,182

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,188 · end of year $3,991

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

    $17,654

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

    $15,781

  • 10c · Land, buildings and equipment, net

    beginning of year $583 · end of year $1,873

  • 12 · Investments: other securities

    beginning of year $387,808 · end of year $124,388

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,496 · end of year $73,604

  • 18 · Grants payable

    beginning of year $100,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $670 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $371,949 · end of year $123,128

  • 28 · Net assets with donor restrictions

    beginning of year $179,661 · end of year $161,844

Mission and programs · 2022

Mission

TO SUPPLEMENT EDUCATIONAL PROGRAMS IN INDIAN RIVER COUNTY.

  • SCIENCE FAIR - THE INDIAN RIVER REGIONAL SCIENCE & ENGINEERING FAIR INVOLVES APPROXIMATELY 200 LOCAL VOLUNTEERS, PROFESSIONALS, AND RESEARCH SCIENTISTS WHO MENTOR STUDENTS AND REVIEW SCIENCE PROJECTS. CHILDREN FROM PUBLIC AND PRIVATE SCHOOLS PARTICIPATE IN SCIENTIFIC RESEARCH AND DISCOVERY THAT REINFORCES MATH, READING, AND WRITING SKILLS.TYPICALLY, MORE THAN 10,000 STUDENTS IN THE SCHOOL DISTRICT PARTICIPATE IN SCHOOL BASED FAIRS.

    Expenses $59,359 · Grants $8,577

  • HIGH-IMPACT INNOVATION GRANTS - EACH YEAR WE PROVIDE THE OPPORTUNITY FOR TEACHERS TO APPLY FOR FUNDING TO HELP THEM INITIATE INNOVATIVE PROGRAMS FOR STUDENTS IN THE FOLLOWING AREAS: SCHOOL CULTURE, SCIENCE, MATH, AND READING. WE PROVIDE THE ENTREPRENEURIAL OPPORTUNITY FOR SCHOOL TEAMS TO PILOT AN INNOVATIVE CONCEPT THAT ADVANCES STUDENT ACHIEVEMENT.

    Expenses $204,007 · Grants $146,248

  • STEP INTO KINDERGARTEN - THIS PROGRAM WAS CREATED WITH THE GOAL TO INCREASE THE KINDERGARTEN READINESS OF THE 4 YEAR OLD STUDENTS. THIS WILL DECREASE THE POTENTIAL FOR SUMMER SLIDE BY EXTENDING THE SCHOOL YEAR FOR CHILDREN WHO HAVE PARTICIPATED DURING THE SCHOOL YEAR IN THE VOLUNTARY PRE-KINDERGARTEN (VPK) PROGRAM. TOTAL STUDENTS SERVED - 227

    Expenses $204,948 · Grants $160,824

  • TEACHER RECOGNITION AND DEVELOPMENT - THIS PROGRAM PROVIDES DEVELOPMENT SUPPORT FOR TEACHERS IN INDIAN RIVER COUNTY.

    Expenses $17,004 · Grants $7,481

  • SNEAKER EXCHANGE, SCHOOL SUPPLY AND OTHER - THIS PROGRAM PROVIDES SHOES, SUPPLIES, AND VISION SCREENING FOR CHILDREN IN NEED.

    Expenses $45,030 · Grants $4,665

  • COMMUNITY COMPLEX SUPPORT - THIS PROGRAM SUPPORTED THE KICK-OFF OF COMMUNITY AWARENESS OF THE VERO BEACH COMMUNITY COMPLEX IN PARTNERSHIP WITH THE SCHOOL DISTRICT OF INDIAN RIVER COUNTY.

    Expenses $51,589 · Grants $14,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laica Gerwien-Moreta

    PRESIDENT AND CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Chris Bieber

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Logan Geeslin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jim Elford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Emerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenny Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Millman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Seymour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Khahilia Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Herron

    EXECUTIVE DIRECTOR

    Total calculated
    $81,462
    From this org
    $81,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Heidi Leone

    EXECUTIVE DIRECTOR

    Total calculated
    $48,125
    From this org
    $48,125
    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

  • SCHOOL DISTRICT OF INDIAN RIVER COUNTY

    $160,824

    PROVIDE FUNDING FOR STEP INTO KINDERGARTEN PRE-K SUMMER PROGRAM.

  • SCHOOL DISTRICT OF INDIAN RIVER COUNTY

    $146,248

    PROVIDE FUNDS FOR CLASSROOM AND SCHOOL PROJECTS NOT NORMALLY FUNDED BY THE SCHOOL SYSTEM.

  • GIFFORD YOUTH ORCHESTRA INC

    $10,000

    PROVIDE FUNDING FOR MUSICAL INSTRUMENTS AND PROGRAM SUPPORT.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349310866

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