Form 990 for tax year 2022

Totals

Total revenue

$920,503

Total expenses

$441,359

Contributions and grants received

$919,711

Grants paid

$440,385

Program service revenue

$0

Investment income

$5,461

Other revenue

-$4,669

Total assets, end of year

$3,140,593

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$3,140,593

Program services expenses (Part IX)

$440,385

Management and general expenses

$369

Fundraising expenses

$605

Program service expenses (Part III)

$440,385

Program services were 99.8% 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 · 2022

• Direct support to Glades Academy, Inc. in Pahokee, FL which serves young children from kindergarden through 8th grade and has been in continuous operation since 2000. The funds were used by the school to purchase educational materials, and for the general support of academic programs where money from the school district was not sufficient to support the day to day academic programs needed for a school in this disadvantaged area of Palm Beach County. This elementary and middle school located on the campus of New Hope Charities has state of the art classrooms, learning labs, and other enhanced day and after school programs. At present over 235 students annually receive their academic experience from highly credentialed teachers and school leaders. The school continues to excel in all areas.

  Expenses $93,025

• Direct support to Everglades Preparatory Academy, Inc. in Pahokee, FL. which was founded to serve and has continuously served high school students since 2001. The funds were used by the school to purchase educational materials, and for the general support of academic programs where money from the school district was not sufficient to support the day to day academic programs needed for a school in this disadvantaged area of Palm Beach County. The teachers and staff of Everglades Preparatory Academy serve approximately 120 students annually from the communities near eastern Lake Okeechobee and provide enriched academic support in a safe school setting, which has included community serving summer programs for many years. The Foundation also provides funds for security services provided to the school.

  Expenses $200,360

• Contribution of costs for roof repair of the Everglades Preparatory Academy, Inc. cafeteria.

  Expenses $147,000

As filed on the 2022 return.

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.

Grants on this return

• Everglades Preparatory Academy Inc

  $329,873

  Betterment of student experience

• Glades Academy Inc

  $73,525

  Betterment of student experience

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.

• Everglades Preparatory Academy Inc

  501c3 · School · FL

• Glades Academy Inc

  501c3 · School · FL

Provenance

Return type

form_990

Tax year

2022

Filed

14 November 2023

IRS schema version

2022v5.0

Source object

202303189349313310

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.