Form 990 for tax year 2023
Filed by FLORIDA KEYS EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $1,846,783
- Total expenses
- $681,768
- Contributions and grants received
- $1,585,540
- Grants paid
- $499,314
- Program service revenue
- $0
- Investment income
- $223,861
- Other revenue
- $37,382
- Total assets, end of year
- $8,715,752
- Total liabilities, end of year
- $140,194
- Net assets or fund balances, end of year
- $8,575,558
- Program services expenses (Part IX)
- $592,796
- Management and general expenses
- $66,385
- Fundraising expenses
- $22,587
- Program service expenses (Part III)
- $592,796
Program services were 86.9% 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
$75,243
-
1f · All other contributions, gifts and grants
$1,510,297
-
1g · Noncash contributions included above
$63,495
-
3 · Investment income
total $212,147 · excluded $212,147
-
7a · Gross sales of assets other than inventory
securities $224,303
-
7b · Less cost or other basis and sales expenses
securities $212,589
-
7c · Gain or loss
securities $11,714
-
7d · Net gain or loss
total $11,714 · excluded $11,714
-
8a · Fundraising events: gross income
$63,495
-
8a · Fundraising events: contributions included on line 1c
$75,243
-
8b · Fundraising events: direct expenses
$29,067
-
8c · Net income from fundraising events
total $34,428 · excluded $34,428
-
11a · Other revenue: MISCELLANEOUS INCOME
total $2,954 · excluded $2,954
-
11e · Other revenue, total
$2,954
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $362,557 · program services $362,557
-
2 · Grants to domestic individuals
total $136,757 · program services $136,757
-
11c · Fees: accounting
total $32,764 · management and general $32,764
-
11d · Fees: lobbying
total $67,409 · program services $67,409
-
11f · Fees: investment management
total $32,101 · management and general $32,101
-
13 · Office expenses
total $16,435 · program services $16,255 · management and general $180
-
14 · Information technology
total $31,159 · program services $8,572 · fundraising $22,587
-
23 · Insurance
total $866 · management and general $866
-
24a · Other expenses: HOSPITALITY EXPENSES
total $1,118 · program services $1,118
-
24b · Other expenses: TAXES & FEES
total $413 · management and general $413
-
24c · Other expenses: BOARD EXPENSES
total $67 · program services $67
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $61 · management and general $61
-
24e · All other expenses
total $61 · program services $61
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $235,019 · end of year $1,162,328
-
3 · Pledges and grants receivable
beginning of year $123,714 · end of year $174,617
-
9 · Prepaid expenses and deferred charges
beginning of year $40,000 · end of year $100,000
-
10a · Land, buildings and equipment: cost or other basis
$70,969
-
10b · Land, buildings and equipment: accumulated depreciation
$27,195
-
10c · Land, buildings and equipment, net
beginning of year $43,774 · end of year $43,774
-
11 · Investments: publicly traded securities
beginning of year $6,138,728 · end of year $7,235,033
-
12 · Investments: other securities
beginning of year $549 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,130 · end of year $8,162
-
25 · Other liabilities
beginning of year $5,950 · end of year $132,032
-
27 · Net assets without donor restrictions
beginning of year $879,022 · end of year $1,535,238
-
28 · Net assets with donor restrictions
beginning of year $5,687,682 · end of year $7,040,320
Mission and programs · 2023
Mission
TO PROVIDE FINANCIAL AND OTHER ESSENTIAL SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS (CFK).
Activities or mission (Part I)
FINANCIAL AND OTHER SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS.
-
FLORIDA KEYS EDUCATIONAL FOUNDATION ASSISTS IN THE ACHIEVEMENT OF THE CFK'S MISSION BY SOLICITING, ADMINISTERING, AND OPTIMIZING THROUGH MATCHING PROGRAMS THE PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO SUPPORT CFK'S STUDENTS AND TO ENHANCE TEACHING AND LEARNING AT THE CFK.
Expenses $592,796 · Grants $499,314
As filed on the 2023 return.
Listed in Part VII
-
Jessica LosardoJESSICA LOSARDO
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 0.2
-
Rachel OropezaRACHEL OROPEZA
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 0.03
-
Bruce HalleBRUCE HALLE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.23
-
Robert StokyROBERT STOKY
CHAIR
- Total calculated
- $0
- Hours/week
- 0.19
-
Lisa FerringoLISA FERRINGO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.13
-
Alan BeaubienALAN BEAUBIEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.06
-
Dale ChasteenDALE CHASTEEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.16
-
Carrie GroomesCARRIE GROOMES
MEMBER
- Total calculated
- $0
- Hours/week
- 0.16
-
Debra LeonardDEBRA LEONARD
MEMBER
- Total calculated
- $0
- Hours/week
- 0.19
-
John ParceJOHN PARCE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.19
-
Mike PutoMIKE PUTO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.09
-
Yvette TalbottYVETTE TALBOTT
MEMBER (THRU 10/23)
- Total calculated
- $0
- Hours/week
- 0.06
-
Lana GaspariLANA GASPARI
EXECUTIVE DIRECTOR (AS OF 3/23)
- Total calculated
- $115,539
- From this org
- $0
- From related orgs
- $96,966
- Other
- $18,573
- Hours/week
- 5 + 35 related
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
-
THE COLLEGE OF THE FLORIDA KEYS
$362,557
PROGRAM SUPPORT
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.
-
THE COLLEGE OF THE FLORIDA KEYS
EDUCATIONAL INSTITUTE · FL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422719349300842
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