2024-01-29T06:57:33-06:00 2023-06-30 591954606 CAVANAUGH & CO LLP 2381 FRUITVILLE ROAD SARASOTA FL 34237 990 2022-07-01 592320858 EDUCATION FOUNDATION OF SARASOTA COUNTY EDUC 9419270965 1960 LANDINGS BLVD SUITE 120 S 1 SARASOTA FL 34231 JENNIFER VIGNE PRESIDENT 9419270965 2024-01-25 1 JENNIFER VIGNE 999009999 0 MICHAEL R PENDER P00850742 9413662983 2024-01-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER VIGNE 1960 LANDINGS BLVD SARASOTA FL 34231 3229897 0 X WWW.SARASOTACOUNTYSCHOOLS.NET/EDUCATIONFOUNDATION X 1979 FL TO ENHANCE THE POTENTIAL OF STUDENTS, PROMOTE EXCELLENCE IN TEACHING,AND INSPIRE INNOVATION IN EDUCATION, GUIDED BY STRATEGIC PHILANTHROPY. 15 15 26 50 0 0 4156358 3140251 0 0 104991 78202 -33434 -40700 4227915 3177753 450872 863523 0 0 1345415 1253223 0 0 161388 778603 779543 2574890 2896289 1653025 281464 5086867 5469942 561781 458504 4525086 5011438 X TO ENHANCE THE POTENTIAL OF STUDENTS, PROMOTE EXCELLENCE IN TEACHING, AND INSPIRE INNOVATION IN EDUCATION, GUIDED BY STRATEGIC PHILANTHROPY. 0 0 1710717 670116 STUDENT SUCCESS PROGRAM: TO HELP EACH AND EVERY STUDENT GRADUATE HIGH SCHOOL PREPARED TO THRIVE IN A FAST-CHANGING, 21ST-CENTURY, GLOBAL ECONOMY, THE EDUCATION FOUNDATION OF SARASOTA COUNTY LAUNCHED ITS COLLEGE, CAREER, AND LIFE READINESS (CCLR) INITIATIVE IN 2016. THE INITIATIVE SEEKS TO PROVIDE PROVEN, COMPREHENSIVE SUPPORT TO STUDENTS WHO NEED IT MOST AND TO INSTILL IN THEM A MINDSET OF READINESS. WE DEVELOP AND STAFF STUDENT SUCCESS CENTERS WHERE STUDENTS WORK ONE-ON-ONE WITH OUR TRUSTED, EXPERT STUDENT SUCCESS COACHES TO PLAN AND PREPARE FOR COLLEGE, CAREER, AND LIFE. AT THESE CENTERS AND AT LAUNCHPAD4U, OUR COMMUNITY RESOURCE CENTER, STUDENTS CAN ACCESS TECHNOLOGY, WORKSHOPS, OPEN HOUSES, AND COLLEGE AND CAREER FAIRS. WE PROVIDE MENTORING FOR AT-RISK AND FIRST-GENERATION COLLEGE STUDENTS, AND OUR MENTORS SUPPORT THEIR MENTEES THROUGH THE COMPLETION OF A COLLEGE DEGREE OR HIGH-VALUE CERTIFICATION. WE HELP STUDENTS FUND THEIR EDUCATION THROUGH SCHOLARSHIPS SUCH AS JUMPSTART YOUR FUTURE!, WHICH COVER LOW-INCOME STUDENTS' TUITION FOR A YEAR AT THE FLORIDA STATE COLLEGE TUITION RATE. WE ALSO CELEBRATE REMARKABLE STUDENTS WHO HAVE OVERCOME CHALLENGES TO SUCCEED THROUGH THE STRIVE AWARDS. AT THE HEART OF THIS COMPREHENSIVE, IMPACTFUL SUPPORT IS OUR BELIEF THAT EACH AND EVERY STUDENT SHOULD HAVE ACCESS TO RELATIONSHIPS AND RESOURCES THAT MAKE A DIFFERENCE SO THAT THEY CAN THRIVE. 321710 184816 TEACHER SUPPORT PROGRAM:WE CHAMPION TEACHERS BECAUSE THEY PLAY AN ESSENTIAL ROLE IN PREPARING STUDENTS FOR LIFE AFTER HIGH SCHOOL AND INSTILLING IN THEM A LIFELONG LOVE OF LEARNING. WE SUPPORT TEACHERS THROUGH EDUCATESRQ CLASSROOM GRANTS, THE IGNITE EDUCATION TEACHER OF THE YEAR AWARDS, AND TEACHER LEADERSHIP INITIATIVES. EACH YEAR, WE PROVIDE TEACHERS WITH GRANTS THEY CAN USE TO PURCHASE CLASSROOM MATERIALS AND LEARNING OPPORTUNITIES AND THAT SCHOOLS CAN USE FOR SCHOOLWIDE, MULTIDISCIPLINARY, HANDS-ON LEARNING EXPERIENCES THAT INFUSE LESSONS WITH EXCITEMENT. THESE GRANTS HELP TEACHERS INNOVATE THEIR LESSONS AND DO MORE TO MEET THEIR STUDENTS' UNIQUE NEEDS. WE ALSO CELEBRATE EXCEPTIONAL TEACHERS EACH YEAR AT AN EVENT THAT BRINGS TOGETHER TEACHERS AND THEIR FAMILIES, SCHOOL AND DISTRICT ADMINISTRATORS, LOCAL POLITICIANS AND BUSINESS LEADERS, AND PHILANTHROPISTS. THE IGNITE EDUCATION TEACHER OF THE YEAR AWARD CELEBRATION HIGHLIGHTS THE AMAZING AND OFTEN OVERLOOKED WORK THAT GREAT TEACHERS DO EVERY DAY TO HELP STUDENTS THRIVE. TO FURTHER SUPPORT TEACHERS, WE HAVE LAUNCHED INITIATIVES SUCH AS THE TEACHER AMBASSADOR PROGRAM AND TEACHER ROUNDTABLE TALKS. THESE PROGRAMS BRING TOGETHER TEACHERS TO ENGAGE WITH PEERS, THE EDUCATION FOUNDATION, AND EDUCATION LEADERS TO COLLABORATE, GROW, AND LEAD. 208923 1068 COMMUNITY INITIATIVES PROGRAM:PLANIT SARASOTA IS THE LOCAL COLLEGE ACCESS NETWORK (LCAN) FOR SARASOTA COUNTY. WITH THE EDUCATION FOUNDATION SERVING AS THE BACKBONE ORGANIZATION, PLANIT SARASOTA IS AN ALLIANCE OF OVER 40 COMMUNITY, EDUCATION, AND BUSINESS PARTNERS WORKING TO INCREASE THE RATE OF STUDENTS WHO PURSUE PURPOSEFUL EDUCATION AFTER HIGH SCHOOL. PLANIT SARASOTA IS ESPECIALLY FOCUSED ON IMPROVING THAT RATE AMONG UNDERSERVED AND UNDERREPRESENTED STUDENTS. ITS GOAL IS TO CONVENE, CONNECT, AND COLLABORATE WITH ORGANIZATIONS AND INDIVIDUALS TO ADDRESS THE BARRIERS THAT HINDER STUDENTS FROM GAINING AN EDUCATION BEYOND HIGH SCHOOL. THROUGH THE COORDINATED AND INTENTIONAL EFFORTS OF ITS PARTNERS, PLANIT SARASOTA SEEKS TO INCREASE THE PERCENTAGE OF SARASOTA COUNTY RESIDENTS 24 YEARS AND UNDER WHO HAVE OBTAINED A HIGH VALUE CERTIFICATE OR DEGREE TO 60% BY 2030. 340334 7523 340334 7523 2581684 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X X JENNIFER VIGNE 9419270965 1960 LANDINGS BLVD SARASOTA FL 34231 BETH DONOFRIO TEACHER REPRESENTATIVE 2.00 X 0 0 0 LUCIE LAPOVSKY TREASURER 2.00 X X 0 0 0 STEVE KRAUSE DIRECTOR 2.00 X 0 0 0 HEATHER KASTEN DIRECTOR 2.00 X 0 0 0 JENNIFER INFANTI DIRECTOR 2.00 X 0 0 0 AUBRIANNA HOBBS STUDENT REPRESENTATIVE 2.00 X 0 0 0 KAROLINA PAULUS STUDENT REPRESENTATIVE 2.00 X X 0 0 0 DONA SCOTT DIRECTOR 2.00 X 0 0 0 KENT HAYES FIRST VICE CHAIR 2.00 X 0 0 0 BROCK H LEACH IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ANNE ROLLINGS SECRETARY 2.00 X 0 0 0 NELLE MILLER CHAIR 3.00 X 0 0 0 KARA SAUNDERS 2ND VICE CHAIR 2.00 X X 0 0 0 BECKY VAN DER BOGERT DIRECTOR 2.00 X 0 0 0 ES SWIHART DIRECTOR 2.00 X 0 0 0 KARI JOHNSON TEACHER REPRESENTATIVE 2.00 X 0 0 0 JENNIFER VIGNE PRESIDENT 40.00 X 171011 0 5921 171011 0 5921 1 0 1 0 0 131524 3008727 399 3140251 85946 85946 7744 -7744 -7744 -7744 3700 131524 44400 -40700 -40700 3177753 0 0 37502 X 221683 221683 641840 641840 176933 159239 6193 11501 925569 835315 32384 57870 22618 20417 791 1410 39669 35786 1388 2495 88434 79776 3094 5564 17223 15537 603 1083 511 511 360237 280401 53025 26811 31284 28662 2622 113678 74528 25069 14081 55209 41059 7127 7023 123557 94120 16339 13098 7595 2894 3636 1065 32278 32278 641 543 98 7359 5473 950 936 SPECIAL EVENTS 13657 13657 DUES AND SUBSCRIPTIONS 11314 8414 1461 1439 BAD DEBT EXPENSE 5000 3719 646 635 2896289 2581684 153217 161388 257221 115594 1456332 53082 149819 333550 40928 1180967 1185405 4184 1181862 1181221 1986705 2214151 14000 391377 5086867 5469942 92679 53459 469102 357288 0 47757 561781 458504 X 1739700 1631429 2785386 3380009 4525086 5011438 5086867 5469942 281464 204888 0 X X 0 1 X 0 0 X 1507138 2797947 2774855 4156358 3140251 14376549 1507138 2797947 2774855 4156358 3140251 14376549 1596276 12780273 96127 50522 48066 44992 85946 325653 760 760 14702962 14912 0.86920 0.84320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1442145 422246 183501 53320 1994572 1719667 -214826 62696 1442145 1435475 300744 62124 78676 1719667 1484030 870 -10 49415 1435475 1209669 215286 66707 7632 1484030 0.35000 0.63000 0.02000 0 0 1180000 1180000 2691 2691 0 2714 1493 1221 1181221 DEPOSITS 10300 RIGHT TO USE ASSET 46757 ENDOWMENTS 187763 JACKSON ANNUITY 146557 391377 LEASE LIABILITY 47757 47757 X 3430030 204888 3500 44400 252788 3177242 511 511 3177753 2943678 3500 44400 47900 2895778 511 511 2896289 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF AN ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2023. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THE FEDERAL INCOME TAX RETURNS WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES - $44,400 PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES - $44,400 PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES FORM 990, SCHEDULE D, PART V, LINE 4 PART V, LINE 4 - THE INTENDED USES OF THE FOUNDATION'S SEVEN ENDOWMENT FUNDS ARE AS FOLLOWS 1)THE MICHAEL J. ARCHER MEMORIAL FUND AWARDS A $1,000 SCHOLARSHIP TO AN OUTSTANDING GRADUATING SENIOR, 2)THE SHIRLEY A. RITCHEY ENDOWMENT FUND MAY BE USED FOR GENERAL OPERATING FUNDS FOR THE FOUNDATION, 3)THE DOROTHY BASS STUART TRIBUTE FUND ANNUALLY FUNDS ONE TEACHER GRANT, 4)THE ESTHER FREEMAN FUND ANNUALLY AWARDS A $100 ART AWARD TO A DESERVING STUDENT, 5)THE JULIUS BRANDENBURG LEGACY FUND SUPPORTS THE COLLEGE, CAREER, AND LIFE READINESS INITIATIVE, 6)THE EDEXPLORESRQ EXPLORATIONS ENDOWMENT FUNDS SHALL BE USED TO PROVIDE CLASSROOM GRANTS FOR EDEXPLORESRQ EXPLORATIONS, AND 7) THE LORI WHITE ENDOWMENT FUND PROMOTES EXCELLENCE IN TEACHING THROUGH UNIQUE OPPORTUNITIES THAT INCLUDE PROFESSIONAL DEVELOPMENT. TEACHER OF THE YEAR EVENT 107500 103800 3700 3000 29246 10065 STRIVE EVENT 27724 27724 1144 945 135224 131524 3700 3000 30390 11010 44400 -40700 1 SARASOTA COUNTY PUBLIC SCHOOLSVARIOUS OTHER AWARDS AND GRANTS 1960 LANDINGS BLVD SARASOTA FL 34231 221683 0 FUND ENHANCED EDUCATIONAL OPPORTUNITIES FOR SARASOTA COUNTY PUBLIC SCHOOLS, TEACHERS AND STUDENTS. 1 VARIOUS AWARDS AND SCHOLARSHIPS TO TEACHERS AND STUDENTS OF SARASOTA COUNTY PUBLIC SCHOOLS 364 641840 SCHEDULE I PART I, LINE 2 THE EDUCATION FOUNDATION SCHOLARSHIP MANAGER UTILIZES SCHOLARSHIP AND GRANT TRACKING SOFTWARE AND MARKETING MATERIALS TO (1) SOLICIT SCHOLARSHIP APPLICATIONS AND (2) PROVIDE GUIDELINES AND CRITERIA TO ELIGIBLE CANDIDATES. SUBMITTED APPLICATIONS ARE REVIEWED, SCORED, AND SELECTED BY THE SCHOLARSHIP MANAGER, PROGRAM STAFF AND A VOLUNTEER SCHOLARSHIP COMMITTEE, WHEN APPLICABLE. THE SCHOLARSHIP MANAGER NOTIFIES, IN WRITING, CANDIDATES WHO ARE SELECTED, INCLUDING PROCEDURES FOR CLAIMING AND RENEWING A SCHOLARSHIP, IF APPLICABLE. THE SCHOLARSHIP MANAGER WORKS CLOSELY WITH THE BUSINESS OPERATIONS TEAM TO ENSURE TIMELY DISTRIBUTION AND TRACKING OF MONIES TO THE RECIPIENT OR THE RECIPIENT'S POSTSECONDARY SCHOOL ON A ONE-TIME OR ANNUALLY RENEWABLE BASIS. THE SCHOLARSHIP MANAGER COORDINATES WITH THE DEVELOPMENT TEAM TO ENSURE ANNUAL FUNDING OF SCHOLARSHIPS AND COMMUNICATION TO SCHOLARSHIP DONORS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JENNIFER VIGNE PRESIDENT 171011 0 0 0 0 0 5905 0 16 0 176932 0 0 0 PART I, LINE 1A AS APPROVED BY OUR BOARD, JENNIFER VIGNE WAS REIMBURSED FOR THE GROSSED-UP COST OF DISABILITY INSURANCE. THIS BENEFIT WAS INCLUDED IN JENNIFER VIGNE'S W-2 WAGES. FORM 990, PART VI, SECTION B, LINE 11B BASIC REPORTING INFORMATION IS REVIEWED BY STAFF, THEN FORWARDED TO THE BOARD TREASURER AND FINANCE COMMITTEE. THE 990 IS THEN FORWARDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW, COMMENTS AND QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO MAKE KNOWN THEIR AFFILIATION WITH ANY ORGANIZATION INVOLVED IN ANY BOARD ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON AN EVALUATION OF THE ORGANIZATION'S PERFORMANCE AGAINST ANNUAL OBJECTIVES AND IS CALIBRATED BASED ON SALARY DATA FOR COMPARABLE SIZE FLORIDA ORGANIZATIONS IN RELATED SECTORS USING MOST RECENT CANDID (FORMERLY GUIDESTAR) DATA. THE ANNUAL REVIEW OF THE CEO AND COMPENSATION ARE SUBSEQUENTLY SHARED WITH ENTIRE BOARD. . FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE ALL AVAILABLE BY REQUEST. IN ADDITION, THE ANNUAL FINANCIAL AUDIT IS ALSO AVAILABLE FOR VIEW ON OUR WEBSITE AND ON GUIDESTAR. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 280,401. MANAGEMENT AND GENERAL EXPENSES 53,025. FUNDRAISING EXPENSES 26,811. TOTAL EXPENSES 360,237. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.