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← PUBLIC EDUCATION FOUNDATION OF MARION COUNTY INC

Form 990 for tax year 2024

Filed by PUBLIC EDUCATION FOUNDATION OF MARION COUNTY INC.

Totals

Total revenue
$2,245,045
Total expenses
$2,134,102
Contributions and grants received
$2,199,518
Grants paid
$1,023,374
Program service revenue
$0
Investment income
$45,208
Other revenue
$319
Total assets, end of year
$4,233,757
Total liabilities, end of year
$62,367
Net assets or fund balances, end of year
$4,171,390
Program services expenses (Part IX)
$1,667,390
Management and general expenses
$384,455
Fundraising expenses
$82,257
Program service expenses (Part III)
$1,667,390

Program services were 78.1% 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.

  • 1c · Fundraising events

    $137,737

  • 1e · Government grants (contributions)

    $226,564

  • 1f · All other contributions, gifts and grants

    $1,835,217

  • 1g · Noncash contributions included above

    $189,789

  • 3 · Investment income

    total $46,031 · excluded $46,031

  • 7a · Gross sales of assets other than inventory

    securities $1,018,678

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

    securities $1,019,501

  • 7c · Gain or loss

    securities -$823

  • 7d · Net gain or loss

    total -$823 · excluded -$823

  • 8a · Fundraising events: gross income

    $126,181

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

    $137,737

  • 8b · Fundraising events: direct expenses

    $125,862

  • 8c · Net income from fundraising events

    total $319 · excluded $319

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $548,041 · program services $548,041

  • 2 · Grants to domestic individuals

    total $475,333 · program services $475,333

  • 5 · Compensation of officers, directors and key employees

    total $110,046 · management and general $33,014 · fundraising $77,032

  • 7 · Other salaries and wages

    total $316,848 · program services $145,774 · management and general $171,074

  • 8 · Pension plan contributions

    total $36,036 · program services $16,086 · management and general $19,950

  • 9 · Other employee benefits

    total $89,860 · program services $52,692 · management and general $37,168

  • 10 · Payroll taxes

    total $43,575 · program services $20,362 · management and general $17,988 · fundraising $5,225

  • 11c · Fees: accounting

    total $23,900 · management and general $23,900

  • 11g · Fees: other

    total $35,147 · program services $15,473 · management and general $19,674

  • 12 · Advertising and promotion

    total $16,881 · program services $8,179 · management and general $8,702

  • 13 · Office expenses

    total $356,149 · program services $332,068 · management and general $24,081

  • 14 · Information technology

    total $14,117 · program services $7,600 · management and general $6,517

  • 16 · Occupancy

    total $8,969 · program services $8,969

  • 17 · Travel

    total $18,973 · program services $18,089 · management and general $884

  • 19 · Conferences, conventions and meetings

    total $27,739 · program services $18,724 · management and general $9,015

  • 22 · Depreciation, depletion and amortization

    total $529 · management and general $529

  • 23 · Insurance

    total $8,681 · management and general $8,681

  • 24a · Other expenses: QUICKBOOKS FEES

    total $2,079 · management and general $2,079

  • 24b · Other expenses: MEMBERSHIP DUES

    total $1,199 · management and general $1,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,602 · end of year $156,163

  • 2 · Savings and temporary cash investments

    beginning of year $215,353 · end of year $213,774

  • 4 · Accounts receivable

    beginning of year $42,376 · end of year $118,563

  • 8 · Inventories for sale or use

    beginning of year $158,595 · end of year $157,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,738 · end of year $6,855

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

    $35,965

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

    $35,273

  • 10c · Land, buildings and equipment, net

    beginning of year $1,220 · end of year $692

  • 11 · Investments: publicly traded securities

    beginning of year $937,638 · end of year $1,029,735

  • 15 · Other assets

    beginning of year $2,429,383 · end of year $2,550,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,948 · end of year $49,797

  • 21 · Escrow or custodial account liability

    beginning of year $13,105 · end of year $12,570

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,988,852 · end of year $4,171,390

Mission and programs · 2024

Mission

TO FINANCIALLY AND MATERIALLY SUPPORT MARION COUNTY PUBLIC SCHOOLS, ITS STUDENTS AND TEACHERS. THIS IS DONE BY FOCUSING COMMUNITY INTEREST ON PUBLIC EDUCATION; INITIATING SUPPORT AND UNDERWRITING PROJECTS AND PROGRAMS THAT BENEFIT STUDENTS, TEACHERS, ADMINISTRATORS, AND MARION COUNTY PUBLIC SCHOOLS.

  • SEE SCHEDULE OTAKE STOCK IN CHILDREN IS A PROGRAM FOR DESERVING LOW-INCOME CHILDREN IN MARION COUNTY TO ESCAPE THE CYCLE OF POVERTY BY OFFERING STUDENTS COLLEGE SCHOLARSHIPS IF THEY FOLLOW PROGRAM GUIDELINES. EACH STUDENT IS ALSO PROVIDED A CARING VOLUNTEER MENTOR THAT MEETS WITH THE STUDENT ONCE A WEEK FOR ALL 4 YEARS OF HIGH SCHOOL. THE GOAL IS TO REDUCE HIGH SCHOOL DROP-OUTS AND INCREASE THE NUMBER OF STUDENTS WHO FINISH COLLEGE. DURING THE 2024-2025 YEAR THERE WERE 256 ACTIVE MIDDLE AND HIGH SCHOOL STUDENTS IN THE PROGRAM WITH EACH OF THOSE STUDENTS HAVING A 100% MENTOR MATCH. THERE ARE 195 ACTIVE STUDENT MENTORS WITH MULTIPLE VOLUNTEERS MENTORING MORE THAN 1 STUDENT. COLLEGE TUITION SCHOLARSHIPS WERE AWARDED TO THE 42 STUDENTS IN THE GRADUATING CLASS OF 2025. THE PROGRAM BOASTS A 98% HIGH SCHOOL GRADUATION RATE COMPARED TO 72% OF THEIR AT-RISK PEER GROUP IN FLORIDA.

    Expenses $409,772 · Grants $135,248

  • TOOLS 4 TEACHING IS DESIGNED TO ALLOW TEACHERS TO OBTAIN FREE TEACHING MATERIALS AND OTHER FREE SUPPLIES FOR THEIR CLASSROOMS AND STUDENTS IN NEED. THE GOAL IS TO ALLOW BOTH TEACHERS AND STUDENTS TO HAVE THE TOOLS NECESSARY FOR SUCCESS. ALL MARION COUNTY PUBLIC SCHOOL TEACHERS MAY SHOP ONCE A MONTH FOR FREE SUPPLIES. TEACHERS WHO HAVE THE MATERIALS AND SUPPLIES NECESSARY TO TEACH ARE MORE MOTIVATED TO TEACH AND THE QUALITY OF THEIR TEACHING IS IMPROVED. IN ANNUAL SURVEY RESPONSES, TEACHERS REPORTED THAT HAVING ADEQUATE SCHOOLS SUPPLIES IMPROVED STUDENT GRADES, ATTENDANCE, BEHAVIOR AND SELF-ESTEEM. DURING THE 2024-2025 YEAR, TOOLS 4 TEACHING HOSTED A TOTAL OF 2,974 TEACHER SHOPPING TRIPS. APPROXIMATELY $238,143 IN FREE SUPPLIES WERE PROVIDED TO 883 TEACHERS ACROSS ALL OF THE DISTRICT'S SCHOOLS.

    Expenses $307,082 · Grants $238,144

  • SEE SCHEDULE OGRANTS FOR GREAT IDEAS IS A COMPETITIVE GRANT PROGRAM OPEN TO ALL MARION COUNTY PUBLIC SCHOOLS TEACHERS AND PRINCIPALS. THE GRANTS PROVIDE FINANCIAL RESOURCES TO IMPLEMENT CREATIVE AND INNOVATIVE CURRICULUM AND PROGRAMS IN THE AREAS OF STEM EDUCATION, LITERACY, ASSISTING LOW-PERFORMING STUDENTS, INCREASING GRADUATION RATES, CAREER AND TECHNICAL EDUCATION, TEACHER QUALITY, AND SUPPORTING STUDENTS IN NEED, INCLUDING MENTAL HEALTH AND WELLNESS INITIATIVES. THE GRANT APPLICATIONS ARE SCORED BY A GROUP OF COMMUNITY VOLUNTEERS AND FOUNDATION BOARD MEMBERS. GRANTS ARE SCORED ON THE FOLLOWING CRITERIA: 1. ADDRESSES A NEED OR CREATES AN OPPORTUNITY. 2. WILL POSITIVELY IMPACT STUDENT LEARNING. 3. MEASURABLE OUTCOMES ARE REALISTIC. 4. FOLLOW-UP EVALUATION. 5. NUMBER OF LOW PERFORMING AND OVERALL STUDENTS IMPACTED. DURING THE 2024-25 SCHOOL YEAR, APPROXIMATELY $115,572 IN GRANTS FOR GREAT IDEAS PROJECTS WAS AWARDED.

    Expenses $130,616 · Grants $108,772

  • OTHER PROGRAMS OF THE FOUNDATION SUCH AS THE SCHOOL BUSINESS PARTNER PROGRAM, GOLDEN APPLE TEACHER RECOGNITION PROGRAM, SCHOOL RELATED EMPLOYEE OF THE YEAR PROGRAM, TEACHER TO BE SCHOLARSHIP PROGRAM, SENIOR SCHOLARSHIP PROGRAM AND THE SILVER RIVER SCIENCE LAB & EDUCATION CENTER ALL ENHANCE SUPPORT FOR MARION COUNTY PUBLIC SCHOOLS. ADDITIONAL INITIATIVES DURING THE 2024-2025 SCHOOL YEAR INCLUDED BUILDING STUDENT RESILIENCY TO SUPPORT STUDENT MENTAL HEALTH AND WELLNESS, NEW WORLDS READING INITIATIVE TO SUPPORT LITERACY EFFORTS, AND THE THANK A TEACHER PROGRAM TO ULTIMATELY SUPPORT TEACHER RECOGNITION AND RETENTION.

    Expenses $819,920 · Grants $541,210

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

Listed in Part VII

  • Kevin Christian

    BOARD MEMBER

    Total calculated
    $144,492
    From this org
    $0
    From related orgs
    $114,815
    Other
    $29,677
    Hours/week
    0.95 + 40 related

  • Ginger Cruze

    BOARD MEMBER

    Total calculated
    $145,666
    From this org
    $0
    From related orgs
    $120,996
    Other
    $24,670
    Hours/week
    0.3 + 40 related

  • Melissa Conner

    BOARD MEMBER

    Total calculated
    $143,150
    From this org
    $0
    From related orgs
    $118,782
    Other
    $24,368
    Hours/week
    1.05 + 40 related

  • Casey Griffith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.05

  • Dr Diane Gullett

    BOARD MEMBER

    Total calculated
    $305,606
    From this org
    $0
    From related orgs
    $256,603
    Other
    $49,003
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,603 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,975 related
    Nontaxable benefits
    $0 + $14,028 related
    Filer's total
    $0 + $305,606 related

  • William Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.02

  • Karen Hatch

    TREASURER

    Total calculated
    $0
    Hours/week
    1.45

  • Jennifer Hatchett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85

  • Michael Mills

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Mel Poole

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.82

  • Cheri Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.89

  • Gay Street

    BOARD MEMBER

    Total calculated
    $143,849
    From this org
    $0
    From related orgs
    $119,420
    Other
    $24,429
    Hours/week
    0.45 + 40 related

  • John West

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.01

  • Dr Lauren Cartwright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • John D Cervellera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Todd Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.12

  • Don Umpleby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.05

  • Chris Yancey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.65

  • Donna Cress

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.17

  • Dean Blinkhorn

    BOARD MEMBER- FR 7/1

    Total calculated
    $0
    Hours/week
    0.55

  • Dr Charles McIntosh

    BOARD MEMBER- FR 7/1

    Total calculated
    $0
    Hours/week
    0.13

  • Julie Shealy

    BOARD MEMBER- FR 7/1

    Total calculated
    $0
    Hours/week
    0.88

  • Cindy Harper

    BOARD MEMBER- FR 7/1

    Total calculated
    $0
    Hours/week
    0.23

  • Meghan Magamoll

    EXECUTIVE DIRECTOR

    Total calculated
    $106,209
    From this org
    $16,000
    From related orgs
    $78,213
    Other
    $11,996
    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. 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 · 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

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION
DIANE GULLET, BOARD MEMBER, IS LISTED IN PART II BECAUSE SHE RECEIVED COMPENSATION FROM RELATED ORGANIZATION - MARION COUNTY SCHOOL BOARD. SHE RECEIVED $256,603 OF SALARY AND $14,028 OF EMPLOYER-SPONSORED HEALTH AND LIFE COVERAGE.

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

  • MARION COUNTY PUBLIC SCHOOLS

    $43,237

    BUSINESS PARTNERS

  • NORTH MARION HIGH SCHOOL- MARION CO

    $35,700

    BUSINESS PARTNERS

  • NORTH MARION MIDDLE

    $29,250

    BUSINESS PARTNERS

  • BELLEVIEW HIGH SCHOOL

    $22,691

    BUSINESS PARTNERS

  • SILVER RIVER MUSUEM & ENVIRON EDUCA

    $22,425

    BUSINESS PARTNERS

  • HILLCREST SCHOOL

    $22,000

    BUSINESS PARTNERS

  • EAST MARION ELEMENTARY

    $19,795

    BUSINESS PARTNERS

  • WEST PORT HIGH SCHOOL- MARION CO PB

    $18,740

    BUS PTNR/GREAT IDEAS

  • FORDHAM EARLY LEARNING ACADEMY

    $18,240

    BUSINESS PARTNERS

  • FOREST HIGH SCHOOL

    $17,200

    BUSINESS PARTNERS

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • MARION COUNTY PUBLIC SCHOOLS

    170B1A · SCHOOL · FL

Provenance

Return type
form_990
Tax year
2024
Filed
19 December 2025
IRS schema version
2024v5.5
Source object
202620339349300517

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