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Nonprofiteer
← MONROE COUNTY EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by MONROE COUNTY EDUCATION FOUNDATION INC.

Totals

Total revenue
$2,363,490
Total expenses
$1,606,305
Contributions and grants received
$2,312,881
Grants paid
$1,308,871
Program service revenue
$0
Investment income
$48,566
Other revenue
$2,043
Total assets, end of year
$16,820,956
Total liabilities, end of year
$2,206
Net assets or fund balances, end of year
$16,818,750
Program services expenses (Part IX)
$1,585,783
Management and general expenses
$20,522
Fundraising expenses
$0
Program service expenses (Part III)
$1,585,783

Program services were 98.7% 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.

  • 1e · Government grants (contributions)

    $1,128,310

  • 1f · All other contributions, gifts and grants

    $1,184,571

  • 3 · Investment income

    total $48,566 · excluded $48,566

  • 11a · Other revenue: FL LICENSE PLATE

    total $2,043 · excluded $2,043

  • 11e · Other revenue, total

    $2,043

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,308,871 · program services $1,308,871

  • 11c · Fees: accounting

    total $20,522 · management and general $20,522

  • 11g · Fees: other

    total $165,805 · program services $165,805

  • 12 · Advertising and promotion

    total $7,242 · program services $7,242

  • 13 · Office expenses

    total $14,677 · program services $14,677

  • 14 · Information technology

    total $5,110 · program services $5,110

  • 19 · Conferences, conventions and meetings

    total $73,619 · program services $73,619

  • 23 · Insurance

    total $1,038 · program services $1,038

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,220 · program services $6,220

  • 24b · Other expenses: FEES AND CHARGES

    total $3,201 · program services $3,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,175 · end of year $123,701

  • 2 · Savings and temporary cash investments

    beginning of year $1,159,868 · end of year $1,206,105

  • 3 · Pledges and grants receivable

    beginning of year $53,362 · end of year $57,542

  • 12 · Investments: other securities

    beginning of year $4,149 · end of year $4,354

  • 15 · Other assets

    beginning of year $14,343,920 · end of year $15,429,254

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,158 · end of year $2,206

  • 27 · Net assets without donor restrictions

    beginning of year $675,538 · end of year $701,319

  • 28 · Net assets with donor restrictions

    beginning of year $15,096,778 · end of year $16,117,431

Mission and programs · 2024

Mission

TO SUPPORT ACTIVITIES THAT ARE DIRECTED TOWARD AIDING, SUPPLEMENTING, IMPROVING, ENHANCING AND COMPLEMENTING THE ACTIVITIES OF THE PUBLIC SCHOOL SYSTEM AND PROVIDE SCHOLARSHIPS FOR MONROE COUNTY STUDENTS.

Activities or mission (Part I)

TO AID, SUPPLEMENT, IMPROVE, ENHANCE AND COMPLEMENT THE ACTIVITIES OF THE PUBLIC SCHOOL SYSTEM.

  • THE MONROE COUNTY EDUCATION FOUNDATION (MCEF), THROUGH ITS FLAGSHIP PROGRAM TAKE STOCK IN CHILDREN (TSIC), PROVIDES FUNDING, SUMMER EDUCATIONAL ENHANCEMENT OPPORTUNITIES, AND MENTORSHIP TO HELP MONROE COUNTY STUDENTS ACHIEVE THEIR POTENTIAL. MCEF PROVIDES ACCESS TO HIGHER EDUCATION FOR FLORIDA STUDENTS WHO ARE AT RISK OF NOT ATTENDING COLLEGE OR UNIVERSITY. THROUGH THE PROGRAM, MCEF MATCHES AT RISK STUDENTS WITH MENTORS, GUIDES STUDENTS IN MAKING SMART CAREER CHOICES, AND GUARANTEES RESOURCES SO THAT MONROE COUNTY STUDENTS MAY COMPLETE A COLLEGE DEGREE OR CERTIFICATE. TSIC MONROE GRANTS COLLEGE SCHOLARSHIPS UPON HIGH SCHOOL GRADUATION TO QUALIFIED 6TH-12TH GRADE STUDENT-RECIPIENTS OF INCOME ELIGIBLE FAMILIES RESIDING IN THE COUNTY. (CONTINUED ON SCHEDULE O.)TSIC MONROE IS AN AWARD-WINNING MODEL IN THE STATE OF FLORIDA, A CONCERTED ENDEAVOR CONSISTING OF APPROXIMATELY 370 DEDICATED VOLUNTEER MENTORS AND STUDENTS WITH A NETWORK OF INDIVIDUAL DONORS, CORPORATE SPONSORS AND A HARDWORKING STAFF. MCEF RECOGNIZED THE ACCOMPLISHMENTS AND CELEBRATED THE GRADUATION OF 81 TSIC SCHOLARS IN MAY 2025 DURING A LIVE OUTDOOR CEREMONY. A TOTAL OF 1,165 STUDENTS FROM MONROE COUNTY HAVE RECEIVED SCHOLARSHIPS SINCE THE PROGRAM WAS FOUNDED.

    Expenses $1,384,125 · Grants $1,172,042

  • EXPERIMENT IN INTERNATIONAL LIVING (EIL), MONROE COUNTY IS A COMPANION PROGRAM THAT'S BEEN SPONSORED BY MCEF SINCE 2006. AREA HIGH-SCHOOL STUDENTS BENEFIT FROM THE EXPERIENCE OF LIVING ABROAD WITH FAMILIES FOR 3 TO 5 WEEKS DURING THE SUMMER. A VARIETY OF PROGRAM THEMES ARE DESIGNED TO INSTILL A DEEPER CULTURAL AWARENESS, NURTURE RELATIONSHIPS THROUGH THE DEVELOPMENT OF LANGUAGE SKILLS, AND ENCOURAGE MANY OTHER HANDS-ON ACTIVITIES. EIL HAS OFFERED THESE OPPORTUNITIES, NATIONALLY, SINCE 1932. DURING THE SUMMER OF 2025, 15 TSIC STUDENTS PARTICIPATED IN AN EIL PROGRAM.

    Expenses $136,829 · Grants $136,829

  • COLLEGE AND CAREER READINESS PROJECTS ADDRESS THE CHALLENGES FACING AT-RISK, LOW-INCOME STUDENTS ON A PATH TOWARDS HIGH SCHOOL COMPLETION AND POST-SECONDARY ENROLLMENT. THESE INITIATIVES PREPARE PARTICIPANTS FOR COLLEGE AND CAREER PURSUITS AFTER HIGH SCHOOL, WHETHER THEY ENROLL IN COLLEGE OR A CAREER-TECHNICAL EDUCATION PROGRAM, AND PROVIDES SUPPORT ALONG THE SECONDARY EDUCATION CONTINUUM WITH WORKSHOPS AND RESOURCES FOCUSED ON PREPAREDNESS AND SUCCESS IN COLLEGE AND CAREER.MCEF, THROUGH ADDITIONAL GRANT-FUNDING, PROVIDES 4 COLLEGE CAMPUS VISITS AND TOURS DURING THE YEAR AS WELL AS SEVERAL COLLEGE AND CAREER READINESS WORKSHOPS TO TSIC STUDENTS IN MIDDLE AND HIGH SCHOOL.

    Expenses $64,829

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

Listed in Part VII

  • BRYAN GREEN

    PRES. THRU 12/24; TREAS. AS OF 1/25

    Total calculated
    $0
    Hours/week
    1.25

  • RON SAUNDERS

    VP THRU 12/24; PRES. AS OF 1/25

    Total calculated
    $0
    Hours/week
    0.25

  • MARIANNE FINIZIO

    DIRECTOR THRU 12/24; VP AS OF 1/25

    Total calculated
    $0
    Hours/week
    0.25

  • CHUCK LICIS-MASSON

    TSIC COORDINATOR/EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MARY CHAMBERS

    TREAS. THRU 12/24; DIR. AS OF 1/25

    Total calculated
    $0
    Hours/week
    0.5

  • TERRY HUFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN PADGET

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    0.25

  • THERESA AXFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • LAURA CIAMPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • JEROME COVINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • ZAYRA FOSSE

    DIRECTOR AS OF 1/25

    Total calculated
    $0
    Hours/week
    0.25

  • JEFF FROST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • JJAY GRAZETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • TIM MALONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • HOLLY RASCHEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CHARLENE WHITE

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202503079349302360

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