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Nonprofiteer
← POLK EDUCATION FOUNDATION AND BUSINESS PARTNERSHIP INC

Form 990 for tax year 2022

Filed by POLK EDUCATION FOUNDATION AND BUSINESS PARTNERSHIP INC.

Totals

Total revenue
$2,961,025
Total expenses
$1,858,738
Contributions and grants received
$2,654,323
Grants paid
$940,846
Program service revenue
$0
Investment income
$141,876
Other revenue
$164,826
Total assets, end of year
$11,030,068
Total liabilities, end of year
$101,789
Net assets or fund balances, end of year
$10,928,279
Program services expenses (Part IX)
$1,730,888
Management and general expenses
$117,850
Fundraising expenses
$10,000
Program service expenses (Part III)
$1,730,888

Program services were 93.1% 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.

  • 1e · Government grants (contributions)

    $390,668

  • 1f · All other contributions, gifts and grants

    $2,263,655

  • 3 · Investment income

    total $141,876 · excluded $141,876

  • 8a · Fundraising events: gross income

    $168,483

  • 8b · Fundraising events: direct expenses

    $41,821

  • 8c · Net income from fundraising events

    total $126,662 · excluded $126,662

  • 11a · Other revenue: OTHER INCOME

    total $32,796 · excluded $32,796

  • 11b · Other revenue: OTHER INCOME:SCHOLARSHIP ADMI

    total $5,368 · excluded $5,368

  • 11e · Other revenue, total

    $38,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,206 · program services $8,206

  • 2 · Grants to domestic individuals

    total $932,640 · program services $932,640

  • 11c · Fees: accounting

    total $30,250 · management and general $30,250

  • 11f · Fees: investment management

    total $44,830 · management and general $44,830

  • 11g · Fees: other

    total $791,319 · program services $781,319 · fundraising $10,000

  • 12 · Advertising and promotion

    total $1,692 · management and general $1,692

  • 13 · Office expenses

    total $5,305 · management and general $5,305

  • 16 · Occupancy

    total $1,800 · program services $1,800

  • 19 · Conferences, conventions and meetings

    total $3,730 · program services $3,730

  • 23 · Insurance

    total $1,693 · program services $1,693

  • 24a · Other expenses: CONTRACTED WORK / SERVICE

    total $35,748 · management and general $35,748

  • 24b · Other expenses: STUDENT SERVICES:TRANSFER

    total $1,500 · program services $1,500

  • 24c · Other expenses: SCHOOL PHYSICALS/UNIFORMS

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,454,892 · end of year $3,428,967

  • 2 · Savings and temporary cash investments

    beginning of year $456,035 · end of year $451,886

  • 3 · Pledges and grants receivable

    beginning of year $134,921 · end of year $361,517

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

    $3,252

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

    $3,252

  • 11 · Investments: publicly traded securities

    beginning of year $3,864,713 · end of year $4,798,749

  • 12 · Investments: other securities

    beginning of year $712,905

  • 15 · Other assets

    beginning of year $1,889,771 · end of year $1,988,949

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,057 · end of year $101,789

  • 27 · Net assets without donor restrictions

    beginning of year $2,532,868 · end of year $3,711,574

  • 28 · Net assets with donor restrictions

    beginning of year $6,940,312 · end of year $7,216,705

Mission and programs · 2022

Mission

TO ESTABLISH A PROACTIVE PARTNERSHIP BETWEEN THE COMMUNITY AND THE PUBLIC SCHOOL SYSTEM TO LINK COMMUNITY RESOURCES WITH THE EDUCATIONAL NEEDS OF ITS STUDENTS THROUGH READING AND MENTORING PROGRAMS, SCHOLARSHIPS, SCHOOL GRANTS AND OTHER EDUCATION ENDEAVORS.

Activities or mission (Part I)

TO LINK COMMUNITY RESOURCES WITH THE EDUCATIONAL NEEDS OF ITS STUDENTS.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $393,890 · Grants $393,890

  • AMERICORPS POLK READS: PROVIDES ONE ON ONE READING TUTORING TO KINDERGARTEN THRU THIRD GRADE STUDENTS DEEMED BELOW GRADE LEVEL BY THEIR CLASSROOM TEACHER. TRAINED READING TUTORS WORK WITH THE TEACHER TO DETERMINE SKILLS TAUGHT AND STRATEGIES USED. TUTORING TAKES PLACE DURING THE SCHOOL DAY IN THE CHILD'S REGULAR READING BLOCK TO AVOID TRANSPORTATION ISSUES TO A TUTORING PROGRAM HELD BEFORE OR AFTER SCHOOL. MOST CHILDREN THAT HAVE BEEN TUTORED IN THIS PROGRAM HAVE GAINED AT LEAST ONE GRADE LEVEL IN READING, MOST TWO. ADDITIONALLY, TUTORS PROVIDE COMMUNITY SERVICE HOURS RELATED TO LITERACY.

    Expenses $404,496

  • GRANTS: THE FOUNDATION PROVIDES GRANTS TO ASSIST SCHOOLS IN VARIOUS CAPACITIES. THE GRANT PROGRAMS ADMINISTERED WERE: THE TEACHER TO TEACHER CONNECTION, WHICH HELPS SHARE INNOVATIVE TEACHING PRACTICES AND PROVIDES GRANT MONIES TO CLASSROOMS TO REPLICATE THOSE PRACTICES; STEM EDUCATION GRANTS, WHICH PROVIDE SUPPLY MONEY FOR STEM LESSONS TAUGHT AS PART OF THE REQUIRED CURRICULUM; SCHOOL MATCHING GRANTS, WHICH OFFERED A MATCH FOR SCHOOLS TO USE TO RAISE LOCAL DOLLARS TO SUPPORT LITERACY, LOW PERFORMERS, PROFESSIONAL DEVELOPMENT FOR TEACHERS FOR GRADUATION RATE NEEDS AT THEIR SCHOOL.

    Expenses $8,206 · Grants $8,206

  • OTHER PROGRAM SERVICES: GENERAL - VARIOUS AWARD PROGRAMS AND DIRECT ASSISTANCE PROJECTS INVOLVING STUDENTS/TEACHERS DIRECTED TOWARDS MOTIVATING AND REWARDING VARIOUS EDUCATIONAL OBJECTIVES.

    Expenses $924,296 · Grants $538,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Steve Warner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Matt Mucci

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5
  • Gillian Smith

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.5
  • Tracy Mouncey

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    0.5
  • Jennifer Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Samuel Berrien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Kimberly Bishop-Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Angelique Brown-Escobar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Nancy Dodd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Jenna Emerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Clifton Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Michell Githens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Frederick Heid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Hollis Hooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Tracy Kimbrough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Kathryn Koch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Margarita Merriweather

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Melissa Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Ronald Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Kim Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • John Stargel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Richard Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Saga Stevin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Amy Summerlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Jennie Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Mary Ruth Wilson

    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

  • SCHOOL SUPPORT

    $8,206

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.

  • POLK COUNTY SCHOOL BOARD POLK COUNTY SCHOOL BOARD

    GOVT · SCH BOARD · FL

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349301232

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