Form 990 for tax year 2023
Filed by POLK EDUCATION FOUNDATION AND BUSINESS PARTNERSHIP INC.
Totals
- Total revenue
- $3,520,101
- Total expenses
- $3,592,709
- Contributions and grants received
- $3,267,769
- Grants paid
- $2,424,733
- Program service revenue
- $0
- Investment income
- $190,794
- Other revenue
- $61,538
- Total assets, end of year
- $11,860,701
- Total liabilities, end of year
- $2,300
- Net assets or fund balances, end of year
- $11,858,401
- Program services expenses (Part IX)
- $3,435,006
- Management and general expenses
- $157,703
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,435,006
Program services were 95.6% 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.
-
1e · Government grants (contributions)
$801,489
-
1f · All other contributions, gifts and grants
$2,466,280
-
3 · Investment income
total $190,794 · excluded $190,794
-
8a · Fundraising events: gross income
$43,494
-
8b · Fundraising events: direct expenses
$10,624
-
8c · Net income from fundraising events
total $32,870 · excluded $32,870
-
11a · Other revenue: OTHER INCOME
total $24,326 · excluded $24,326
-
11b · Other revenue: OTHER INCOME:SCHOLARSHIP ADMI
total $4,342 · excluded $4,342
-
11e · Other revenue, total
$28,668
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $300 · program services $300
-
2 · Grants to domestic individuals
total $2,424,433 · program services $2,424,433
-
11c · Fees: accounting
total $23,158 · management and general $23,158
-
11f · Fees: investment management
total $49,751 · management and general $49,751
-
11g · Fees: other
total $993,506 · program services $982,396 · management and general $11,110
-
12 · Advertising and promotion
total $4,495 · management and general $4,495
-
13 · Office expenses
total $10,342 · management and general $10,342
-
16 · Occupancy
total $20,300 · program services $20,300
-
19 · Conferences, conventions and meetings
total $3,051 · program services $3,051
-
23 · Insurance
total $1,726 · program services $1,726
-
24a · Other expenses: CONTRACTED WORK / SERVICE
total $35,456 · management and general $35,456
-
24b · Other expenses: CONTRACT LABOR - SCHOLARS
total $17,511 · management and general $17,511
-
24c · Other expenses: CONTRACT LABOR - 1099 NEC
total $4,257 · management and general $4,257
-
24d · Other expenses: STUDENT SERVICES:TRANSFER
total $2,800 · program services $2,800
-
24e · All other expenses
total $1,623 · management and general $1,623
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,428,967 · end of year $3,956,026
-
2 · Savings and temporary cash investments
beginning of year $451,886 · end of year $391,724
-
3 · Pledges and grants receivable
beginning of year $361,517 · end of year $173,371
-
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 $4,798,749 · end of year $5,235,955
-
15 · Other assets
beginning of year $1,988,949 · end of year $2,103,625
-
17 · Accounts payable and accrued expenses
beginning of year $101,789 · end of year $2,300
-
27 · Net assets without donor restrictions
beginning of year $3,711,574 · end of year $4,062,312
-
28 · Net assets with donor restrictions
beginning of year $7,216,705 · end of year $7,796,089
Mission and programs · 2023
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 $1,551,939 · Grants $1,551,939
-
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 $738,455
-
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 $300 · Grants $300
-
OTHER PROGRAM SERVICES: GENERAL - VARIOUS AWARD PROGRAMS AND DIRECT ASSISTANCE PROJECTS INVOLVING STUDENTS/TEACHERS DIRECTED TOWARDS MOTIVATING AND REWARDING VARIOUS EDUCATIONAL OBJECTIVES.
Expenses $1,144,312 · Grants $872,494
As filed on the 2023 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
-
JENNIFER ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
WILLIAM ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
SAMUEL BERRIEN
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
-
KIMBERLY JONES
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
-
TRACY MOUNCEY
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 SUMMERLAND
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
No itemized grants to organizations on this return.
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
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349302330
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