Skip to content
Nonprofiteer
← HILLSBOROUGH EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by HILLSBOROUGH EDUCATION FOUNDATION INC.

Totals

Total revenue
$11,664,130
Total expenses
$11,101,539
Contributions and grants received
$11,056,033
Grants paid
$3,871,596
Program service revenue
$204,858
Investment income
$487,348
Other revenue
-$84,109
Total assets, end of year
$12,592,599
Total liabilities, end of year
$1,657,416
Net assets or fund balances, end of year
$10,935,183
Program services expenses (Part IX)
$10,287,299
Management and general expenses
$423,439
Fundraising expenses
$390,801
Program service expenses (Part III)
$10,287,299

Program services were 92.7% 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

    $310,211

  • 1e · Government grants (contributions)

    $1,513,172

  • 1f · All other contributions, gifts and grants

    $9,232,650

  • 1g · Noncash contributions included above

    $3,689,716

  • 2a · Program service revenue: Contract Revenue

    total $204,858 · related or exempt $204,858

  • 3 · Investment income

    total $290,109 · excluded $290,109

  • 7a · Gross sales of assets other than inventory

    securities $1,379,628

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

    securities $1,182,389

  • 7c · Gain or loss

    securities $197,239

  • 7d · Net gain or loss

    total $197,239 · excluded $197,239

  • 8a · Fundraising events: gross income

    $37,332

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

    $310,211

  • 8b · Fundraising events: direct expenses

    $123,931

  • 8c · Net income from fundraising events

    total -$86,599 · excluded -$86,599

  • 11a · Other revenue: Miscellaneous Revenue

    total $2,490 · related or exempt $2,490

  • 11e · Other revenue, total

    $2,490

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $999,557 · program services $999,557

  • 2 · Grants to domestic individuals

    total $2,872,039 · program services $2,872,039

  • 5 · Compensation of officers, directors and key employees

    total $182,090 · program services $144,920 · management and general $13,283 · fundraising $23,887

  • 7 · Other salaries and wages

    total $1,784,113 · program services $1,419,920 · management and general $130,145 · fundraising $234,048

  • 8 · Pension plan contributions

    total $30,636 · program services $26,477 · management and general $455 · fundraising $3,704

  • 9 · Other employee benefits

    total $181,459 · program services $156,822 · management and general $2,698 · fundraising $21,939

  • 10 · Payroll taxes

    total $149,452 · program services $118,944 · management and general $10,902 · fundraising $19,606

  • 11b · Fees: legal

    total $2,656 · program services $1,976 · management and general $400 · fundraising $280

  • 11c · Fees: accounting

    total $37,600 · program services $27,977 · management and general $5,658 · fundraising $3,965

  • 11f · Fees: investment management

    total $26,059 · program services $19,390 · management and general $3,921 · fundraising $2,748

  • 11g · Fees: other

    total $179,519 · program services $133,574 · management and general $27,012 · fundraising $18,933

  • 12 · Advertising and promotion

    total $138,824 · program services $60,821 · management and general $67,932 · fundraising $10,071

  • 13 · Office expenses

    total $248,713 · program services $211,205 · management and general $31,577 · fundraising $5,931

  • 14 · Information technology

    total $119,699 · program services $91,974 · management and general $7,292 · fundraising $20,433

  • 16 · Occupancy

    total $92,211 · program services $84,090 · management and general $4,928 · fundraising $3,193

  • 17 · Travel

    total $107,885 · program services $96,427 · management and general $8,363 · fundraising $3,095

  • 22 · Depreciation, depletion and amortization

    total $72,884 · program services $64,877 · management and general $3,298 · fundraising $4,709

  • 23 · Insurance

    total $98,901 · program services $84,795 · management and general $10,468 · fundraising $3,638

  • 24a · Other expenses: School Supplies

    total $3,598,515 · program services $3,598,515

  • 24b · Other expenses: In Kind Expenses

    total $91,201 · management and general $86,650 · fundraising $4,551

  • 24c · Other expenses: Rentals, Equipment & Re

    total $51,999 · program services $49,204 · management and general $1,535 · fundraising $1,260

  • 24d · Other expenses: Membership & Profession

    total $30,030 · program services $20,665 · management and general $4,913 · fundraising $4,452

  • 24e · All other expenses

    total $5,497 · program services $3,130 · management and general $2,009 · fundraising $358

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $812,321 · end of year $887,215

  • 3 · Pledges and grants receivable

    beginning of year $778,902 · end of year $323,604

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,345 · end of year $166,451

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

    $1,323,945

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

    $972,987

  • 10c · Land, buildings and equipment, net

    beginning of year $335,878 · end of year $350,958

  • 11 · Investments: publicly traded securities

    beginning of year $6,661,759 · end of year $8,229,591

  • 15 · Other assets

    beginning of year $2,567,863 · end of year $2,634,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,367 · end of year $329,641

  • 18 · Grants payable

    beginning of year $929,495 · end of year $1,064,313

  • 19 · Deferred revenue

    beginning of year $21,350 · end of year $263,462

  • 27 · Net assets without donor restrictions

    beginning of year $2,246,883 · end of year $2,783,104

  • 28 · Net assets with donor restrictions

    beginning of year $7,763,973 · end of year $8,152,079

Mission and programs · 2024

Mission

To ensure every student in Hillsborough County receives an outstanding public education that equips them for a fulfilling future.

  • Our Teaching Tools program provides critical school supplies and classroom resources year-round to teachers in all schools. Teaching Tools is a real brick and mortar store primarily stocked through donations of school supplies from individuals and businesses where teachers shop for free school supplies to distribute to students in need. With the help of volunteers who gave over 3,976 hours, Teaching Tools provided support to 3,344 unique teachers in Hillsborough County.

    Expenses $2,589,857 · Grants $56,284

  • As an affiliate of the statewide Take Stock in Children program, students at or below poverty level along with other risk factors are provided with a mentor, college readiness coach and the commitment of a college scholarship. During the 2024-2025 school year, 314 students participated in the Take Stock program. For the 2025 senior class, 64 of 65 Take Stock students in the mentoring program graduated and 61 earned their scholarship - these scholarships had a value of over $521,994. In addition to the TSIC program, HEF also awards community scholarships and 392 students received over $1.1M in scholarships to pursue post-secondary education.

    Expenses $2,075,850 · Grants $1,461,634

  • Through school and classroom enrichment grants the foundation provides funding for schools and teachers to increase their capacity to deliver effective and innovative instructional strategies that enhance and expand learning. The foundation awarded grants to support STEM, literacy, English language arts and other educational areas impacting students at over 110 schools.

    Expenses $2,218,762 · Grants $2,041,948

  • - The foundation's Tech Connect program helps to close opportunity gaps and increases access in education for students by providing technology resources for family ownership, access to Wi-Fi, and digital literacy skills training. In 2024-2025, 876 students were served through the program.- Hillsborough Education Foundation launched its TELI (Transforming Early Literacy Initiative) program in 2023, and now, in its third year, TELI has provided 12,480 hours of coaching and professional development to teachers, with 82% of teachers reporting increased student participation in literacy activities. TELI is designed to improve literacy education in early grade levels, reaching students in a critical time of their educational journey. - Hillsborough Education Foundation expanded its College and Career Readiness program to five schools, providing 1,464 students with personal guidance and resources to help them plan for life beyond high school. Over 3,200 students were impacted through college visits, career chats and informational workshops, gaining real-world insights into a variety of career paths. The College and Career Readiness program helped 86% of participating students make positive progress in their post-secondary decision making.

    Expenses $3,402,830 · Grants $311,730 · Revenue $207,348

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anna Corman

    President, CEO

    Total calculated
    $188,307
    From this org
    $182,090
    From related orgs
    $0
    Other
    $6,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,090
    Bonus
    $0
    Other
    $0
    Deferred
    $2,451
    Nontaxable benefits
    $3,766
    Filer's total
    $188,307

  • Chris Taylor

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Sean Shaw

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2

  • Joyce Haines Ph D

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mark Fernandez

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Ankit Pateil

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Barbara Janousek

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Betty Castor

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Chon Nguyen

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Anne Lenz

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Drew Marshall

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Fentrice D Driskell

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jackie Gilbert

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Joel K Stephens

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kevin H Sutton

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kim Pietsch-Huff

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kimberly D Thresher

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Mandy Weitknecht

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Maureen Butler

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Michael C Poland

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Nadia Combs

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Nina Lacevic

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Rob Kriete

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Sol J Fleischman Jr

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • T Corey Neil

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Tate Kubler

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Ted Stasney

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Tina James

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Tommy Chuck

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Van Ayres

    Director

    Total calculated
    $0
    Hours/week
    0.25

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

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202640369349301659

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.