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Nonprofiteer
← FLORIDA KEYS EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by FLORIDA KEYS EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$3,101,368
Total expenses
$747,592
Contributions and grants received
$2,754,358
Grants paid
$579,536
Program service revenue
$0
Investment income
$332,871
Other revenue
$14,139
Total assets, end of year
$10,902,273
Total liabilities, end of year
$34,549
Net assets or fund balances, end of year
$10,867,724
Program services expenses (Part IX)
$678,426
Management and general expenses
$69,166
Fundraising expenses
$0
Program service expenses (Part III)
$678,426

Program services were 90.7% 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.

  • 1c · Fundraising events

    $89,067

  • 1f · All other contributions, gifts and grants

    $2,665,291

  • 1g · Noncash contributions included above

    $64,742

  • 3 · Investment income

    total $311,673 · excluded $311,673

  • 7a · Gross sales of assets other than inventory

    securities $2,344,256

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

    securities $2,323,058

  • 7c · Gain or loss

    securities $21,198

  • 7d · Net gain or loss

    total $21,198 · excluded $21,198

  • 8a · Fundraising events: gross income

    $55,890

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

    $89,067

  • 8b · Fundraising events: direct expenses

    $41,751

  • 8c · Net income from fundraising events

    total $14,139 · excluded $14,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $361,100 · program services $361,100

  • 2 · Grants to domestic individuals

    total $218,436 · program services $218,436

  • 11b · Fees: legal

    total $220 · management and general $220

  • 11c · Fees: accounting

    total $36,105 · management and general $36,105

  • 11d · Fees: lobbying

    total $53,390 · program services $53,390

  • 11f · Fees: investment management

    total $32,308 · management and general $32,308

  • 13 · Office expenses

    total $17,514 · program services $17,367 · management and general $147

  • 14 · Information technology

    total $22,482 · program services $22,482

  • 24a · Other expenses: HOSPITALITY EXPENSES

    total $4,786 · program services $4,786

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $648 · program services $648

  • 24c · Other expenses: TAXES & FEES

    total $275 · management and general $275

  • 24d · Other expenses: BOARD EXPENSES

    total $217 · program services $217

  • 24e · All other expenses

    total $111 · management and general $111

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,162,328 · end of year $837,621

  • 3 · Pledges and grants receivable

    beginning of year $174,617 · end of year $1,446,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,000 · 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 $7,235,033 · end of year $8,474,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,162 · end of year $3,520

  • 25 · Other liabilities

    beginning of year $132,032 · end of year $31,029

  • 27 · Net assets without donor restrictions

    beginning of year $1,535,238 · end of year $1,424,385

  • 28 · Net assets with donor restrictions

    beginning of year $7,040,320 · end of year $9,443,339

Mission and programs · 2024

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 $678,426 · Grants $579,536

As filed on the 2024 return.

Listed in Part VII

  • Lana Gaspari

    EXECUTIVE DIRECTOR

    Total calculated
    $132,535
    From this org
    $0
    From related orgs
    $109,530
    Other
    $23,005
    Hours/week
    0.91 + 36.59 related
  • Jessica Losardo

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    1.32
  • Bruce Halle

    TREASURER

    Total calculated
    $0
    Hours/week
    0.13
  • Robert Stoky

    CHAIR

    Total calculated
    $0
    Hours/week
    0.05
  • Lisa Ferringo

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.13
  • Kim Fowler

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    0.05
  • Marissa Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12
  • Alan Beaubien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.06
  • Dale Chasteen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.09
  • Carrie Groomes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05
  • William Lay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Debra Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Mike Puto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.11
  • John Parce

    DIRECTOR (THRU 04/24)

    Total calculated
    $0
    Hours/week
    0.19

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

    $361,100

    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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202522909349301417

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