Totals
- Total revenue
- $3,484,540
- Total expenses
- $3,653,486
- Contributions and grants received
- $2,557,297
- Grants paid
- $0
- Program service revenue
- $437,697
- Investment income
- $0
- Other revenue
- $489,546
- Total assets, end of year
- $15,843,071
- Total liabilities, end of year
- $4,077,100
- Net assets or fund balances, end of year
- $11,765,971
- Program services expenses (Part IX)
- $3,089,894
- Management and general expenses
- $336,344
- Fundraising expenses
- $227,248
- Program service expenses (Part III)
- $3,089,894
Program services were 84.6% 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
$30,150
-
1e · Government grants (contributions)
$662,020
-
1f · All other contributions, gifts and grants
$1,865,127
-
1g · Noncash contributions included above
$21,246
-
2a · Program service revenue: PROGRAM REVENUES
total $437,697 · related or exempt $437,697
-
8a · Fundraising events: gross income
$665,958
-
8a · Fundraising events: contributions included on line 1c
$30,150
-
8b · Fundraising events: direct expenses
$179,300
-
8c · Net income from fundraising events
total $486,658 · excluded $486,658
-
11a · Other revenue: OTHER
total $2,888 · related or exempt $2,888
-
11e · Other revenue, total
$2,888
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $232,115 · program services $204,261 · management and general $11,606 · fundraising $16,248
-
7 · Other salaries and wages
total $1,600,100 · program services $1,408,089 · management and general $80,004 · fundraising $112,007
-
9 · Other employee benefits
total $188,495 · program services $165,875 · management and general $9,425 · fundraising $13,195
-
10 · Payroll taxes
total $150,933 · program services $132,821 · management and general $7,547 · fundraising $10,565
-
11g · Fees: other
total $228,490 · program services $198,787 · management and general $15,994 · fundraising $13,709
-
13 · Office expenses
total $64,754 · program services $56,336 · management and general $4,533 · fundraising $3,885
-
17 · Travel
total $377 · program services $332 · management and general $19 · fundraising $26
-
20 · Interest
total $139,169 · program services $121,077 · management and general $9,742 · fundraising $8,350
-
22 · Depreciation, depletion and amortization
total $369,572 · program services $321,528 · management and general $25,870 · fundraising $22,174
-
23 · Insurance
total $74,666 · program services $64,959 · management and general $5,227 · fundraising $4,480
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $176,351 · program services $153,425 · management and general $12,345 · fundraising $10,581
-
24b · Other expenses: PROGRAM COSTS AND SUPPL
total $153,130 · program services $153,130
-
24c · Other expenses: DEVELOPMENT
total $135,800 · program services $5,096 · management and general $128,500 · fundraising $2,204
-
24d · Other expenses: PHONE & UTILITIES
total $78,281 · program services $68,104 · management and general $5,480 · fundraising $4,697
-
24e · All other expenses
total $61,253 · program services $36,074 · management and general $20,052 · fundraising $5,127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $340,168 · end of year $370,919
-
3 · Pledges and grants receivable
beginning of year $1,563,897 · end of year $1,992,009
-
9 · Prepaid expenses and deferred charges
beginning of year $78,810 · end of year $48,628
-
10a · Land, buildings and equipment: cost or other basis
$14,042,003
-
10b · Land, buildings and equipment: accumulated depreciation
$909,049
-
10c · Land, buildings and equipment, net
beginning of year $12,621,075 · end of year $13,132,954
-
12 · Investments: other securities
beginning of year $281,383 · end of year $298,561
-
17 · Accounts payable and accrued expenses
beginning of year $179,581 · end of year $129,028
-
23 · Secured mortgages and notes payable
beginning of year $2,788,013 · end of year $3,948,072
-
27 · Net assets without donor restrictions
beginning of year $10,310,239 · end of year $9,714,971
-
28 · Net assets with donor restrictions
beginning of year $1,607,500 · end of year $2,051,000
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
THE FOUNDATIONS SCHOOL - THE ORGANIZATION'S INNOVATIVE RESPONSE TO THE THIRD-GRADE LITERACY CRISIS. HISTORICALLY, ALMOST 50% OF THIRD GRADE STUDENTS IN PALM BEACH COUNTY AND ACCROSS THE STATE OF FLORIDA ARE NOT ABLE TO READ PROFICIENTLY, ONE OF THE MOST IMPORTANT ACADEMIC MILESTONES FOR STUDENT SUCCESS. OPENED IN JANUARY 2021, THE FOUNDATIONS SCHOOL IS FOCUSED ON ENSURING THAT ALL STUDENTS, REGARDLESS OF SOCIO-ECONOMIC CIRCUMSTANCES, HAVE THE OPPORTUNITY TO RECEIVE A QUALITY EDUCATION. THE EDUCATION MODEL HAS 10 KEY DIFFERENTIATORS UTILIZING SMALL CLASS SIZES, ARTS INTEGRATION, AND ONGOING STUDENT ASSESSMENTS TO ENSURE GRADE LEVEL PERFORMANCE. THE FOUNDATIONS SCHOOL'S NEW CAMPUS WAS OPENED IN THE FALL OF 2022 AND ENROLLED OVER 60 STUDENTS WITH THE CAPACITY OF UP TO 180 STUDENTS.
Expenses $2,094,948 · Revenue $440,585
-
CREATIVE ARTS DESIGNED TO REINFORCE EDUCATION (CADRE) - SERVING NEARLY 4,000 K-5 STUDENTS THROUGH AFTERSCHOOL PROGRAMMING IN RECREATION CENTERS, CHURCHES, AND OTHER COMMUNITY SITES ACROSS PALM BEACH COUNTY. CADRE PROVIDES AN INTERACTIVE, SUPPORTIVE, AND SAFE LEARNING ENVIRONMENT WITH 40 OUT-OF-SCHOOL SITES, AND SOMETIMES AS MANY AS 65 SITES. FUNDING FOR THIS PROGRAM COMES FROM PRIME TIME OF PALM BEACH COUNTY, WHICH RECEIVES SIGNIFICANT FUNDING FROM THE CHILDREN'S SERVICES COUNCIL OF PALM BEACH COUNTY. PRIME TIME ALSO SUPPORTS OUR ART OF SCIENCE INITIATIVE THAT SERVES ROUGHLY 300 STUDENTS. THIS IS A COLLABORATIVE EFFORT BETWEEN SOUTH FLORIDA SCIENCE CENTER AND AQUARIUM (SFSCA) BASED ON STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH) ACTIVITIES.
Expenses $994,946
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James B MeanyJAMES B MEANY
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Michelle KuklaMICHELLE KUKLA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Pamela MillerPAMELA MILLER
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
G Philip FriedlyG PHILIP FRIEDLY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Beau BreckenridgeBEAU BRECKENRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maura Ziska ChristuMAURA ZISKA CHRISTU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce HelanderBRUCE HELANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel KappDR DANIEL KAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel BarskyDANIEL BARSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Graham DavidsonGRAHAM DAVIDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sallie KormanSALLIE KORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ingrid JohnsonINGRID JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William OrloveWILLIAM ORLOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John J Raymond JrJOHN J RAYMOND JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric TelchinERIC TELCHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eileen LyonsEILEEN LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald KochmanRONALD KOCHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura EvansLAURA EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura RehnertLAURA REHNERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric HansenERIC HANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret WilesmithMARGARET WILESMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert L HamonROBERT L HAMON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $190,315
- From this org
- $190,315
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,315
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $190,315
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
- 2 · Substantiation required before reimbursing expenses
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431139349300823
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