2024-03-14T12:31:31-05:00 2023-06-30 204989621 VERDEJA DE ARMAS TRUJILLO ALVAREZ LLP 255 ALHAMBRA CIR STE 630 CORAL GABLES FL 331347417 990 2022-07-01 592468114 THE EDUCATION FUND INC (F/K/A DADE PUBLIC EDUCATION FUND INC) EDUC 3055584544 6713 MAIN STREET 240 MIAMI LAKES FL 33014 LINDA LECHT PRESIDENT 3055584544 2024-03-14 1 LINDA LECHT XXX-XX-XXXX 1 PEDRO DE ARMAS P00440261 3054463177 2024-03-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDA LECHT 6713 MAIN STREET SUITE 240 MIAMI LAKES FL 33014 6759180 0 X WWW.EDUCATIONFUND.ORG X 1984 FL THE PURPOSE OF THE EDUCATION FUND IS TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN MIAMI DADE COUNTY PUBLIC SCHOOLS. 28 28 16 347 0 0 5580677 6662520 0 0 75 84 293488 96576 5874240 6759180 2524058 3493082 0 0 1296913 1333500 0 0 163166 742012 903973 4562983 5730555 1311257 1028625 6148944 7376084 284969 445958 5863975 6930126 TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF EDUCATION IN MIAMI-DADE COUNTY PUBLIC SCHOOLS. THE FUND OPERATES THE FOLLOWING PROGRAMS TO ACHIEVE ITS MISSIONS: 0 0 5459657 3493082 TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF EDUCATION IN MIAMI-DADE COUNTY PUBLIC SCHOOLS. THE FUND OPERATES THE FOLLOWING PROGRAMS TO ACHIEVE ITS MISSIONS: IDEAS WITH IMPACT $476,063, OCEAN BANK CENTER FOR EDUCATIONAL MATERIALS $3,749,367, TEACH RETENTION/TEACH-A-THON $163,460, FOOD FOREST FOR SCHOOLS $900,332, SMART PATH $170,435 AND TOTAL WAS $5,459,657. 5459657 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 162 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 FL X LINDA LECHT 3055584544 6713 MAIN STREET SUITE 240 MIAMI LAKES FL 33014 PABLO J PINO CHAIR 2.00 X X 0 0 0 ERNEST P MODOCK JR VICE CHAIR 2.00 X X 0 0 0 JACKIE MARTINEZ-SANCHO SECRETARY 2.00 X X 0 0 0 NICK TOOTLE TREASURER 2.00 X X 0 0 0 RANDI WOLFSON DIRECTOR 1.00 X 0 0 0 HECTOR J PONTE IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ROLANDO AEDO DIRECTOR 1.00 X 0 0 0 BETH BAILEY DIRECTOR 1.00 X 0 0 0 VICTOR BENITEZ DIRECTOR 1.00 X 0 0 0 JEANELLE BOSCAN DIRECTOR 1.00 X 0 0 0 JENNIFER STEARNS DIRECTOR 1.00 X 0 0 0 DON CLERVEAUX DIRECTOR 1.00 X 0 0 0 MONICA COLUCCI DIRECTOR 1.00 X 0 0 0 GARFIELD DEBARROS DIRECTOR 1.00 X 0 0 0 JOSE DOTRES DIRECTOR 1.00 X 0 0 0 JASMINE GAHED DIRECTOR 1.00 X 0 0 0 MARIELI GARCIA DIRECTOR 1.00 X 0 0 0 MINDY GRIMES-FESTGE DIRECTOR 1.00 X 0 0 0 JOSE MALLEA DIRECTOR 1.00 X 0 0 0 DANNY MARKS DIRECTOR 1.00 X 0 0 0 JASON MIZRACHI DIRECTOR 1.00 X 0 0 0 MABEL MORRISON DIRECTOR 1.00 X 0 0 0 LEONARDO MURINO DIRECTOR 1.00 X 0 0 0 LILLIAN PETERS DIRECTOR 1.00 X 0 0 0 RACHEL PINZUR DIRECTOR 1.00 X 0 0 0 ROSA PRIETO DIRECTOR 1.00 X 0 0 0 DAISY RODRIGUEZ DIRECTOR 1.00 X 0 0 0 RACHEL SAPOZNIK DIRECTOR 1.00 X 0 0 0 LINDA LECHT PRESIDENT 50.00 X 176973 0 18098 MARIANNE PINK V.P. OF PROGRAMS 50.00 X 103331 0 9153 280304 0 27251 2 0 1 0 0 821379 5841141 3247260 6662520 84 84 89438 0 89438 89438 MISCELLANEOUS REVENUE 7138 7138 7138 6759180 7138 0 89522 3493082 3493082 280305 263598 8829 7878 799242 625364 54556 119322 44472 36621 2611 5240 125493 103338 7368 14787 83988 69161 4931 9896 35618 34736 882 73306 69349 3957 101070 96503 4567 13560 11486 2074 1977 1977 INDEPENDENT CONTRACTORS 446046 436544 3459 6043 TRAINING AND OUTREACH 140589 138590 1999 OTHER EXPENSES 91807 81285 10522 5730555 5459657 107732 163166 3004623 3604535 825556 1259759 2093510 2217226 18902 34363 40379 36547 5809 3832 200544 133801 0 122568 6148944 7376084 284969 322602 0 123356 284969 445958 X 573079 667784 5290896 6262342 5863975 6930126 6148944 7376084 1028625 37526 0 X 0 1 X 1 0 X 3192056 5991303 5912516 5580677 6662520 27339072 3192056 5991303 5912516 5580677 6662520 27339072 27339072 833 618 211 75 84 1821 2844 736 169609 204868 96576 474633 27815526 0.98290 0.98380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 2,844. 2019 AMOUNT: $ 736. 2020 AMOUNT: $ 169,609. 2021 AMOUNT: $ 204,868. 2022 AMOUNT: $ 96,576. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31967 30760 1207 8412 5787 2625 3832 RIGHT OF USE LIABILITY 123356 123356 X 6871833 37527 75127 112654 6759179 0 6759179 5805682 75127 75127 5730555 0 5730555 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/23, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2020. SPECIAL EVENT 89438 89438 89438 89438 89438 1 OCEAN BANK CENTER FOR EDUCATION MATERIAL 4377 3124538 FMV SCHOOL SUPPLIES IDEAS WITH IMPACT GRANTS 164 122483 FMV GRANTS SCHOOLS/TEACHERS 27873 196245 FMV TEACHER RETENTION / TEACH-A-THON 117 49816 FMV PART I, LINE 2: THE TEACHER GRANT PROGRAMS ARE AVAILABLE ONLY TO MIAMI-DADE COUNTY PUBLIC SCHOOL/EMPLOYEES FOR USE IN A SCHOOL OR CLASSROOM. TEACHERS MUST SUBMIT AN APPLICATION THAT INCLUDES THEIR SCHOOL NAME AND THEIR HOME ADDRESS AS WELL AS A STATEMENT THAT THEY HAVE NOTIFIED THE SCHOOL PRINCIPAL THAT THEY HAVE APPLIED FOR A GRANT TO IMPLEMENT IN THEIR CLASSROOM OR SCHOOL. THE GRANT APPLICATION THE TEACHER FILLS OUT ALSO INCLUDES A DETAILED BUDGET OF HOW THE FUNDS, IF GRANTED WILL BE USED TO IMPLEMENT THE PROJECT IN THEIR SCHOOL OR CLASSROOM. THE WINNING APPLICANTS RECEIVE NOTIFICATION THAT THEY HAVE WON AND THAT THEY WILL BE RESPONSIBLE FOR THE ACCOUNTING OF THE FUNDS ONCE THEY RECEIVED THEIR CHECK AT AN AWARD RECEPTION. AT THE AWARDS RECEPTION, THEY SIGN AN ACKNOWLEDGEMENT FORM THAT STATES THEY HAVE RECEIVED THE FUNDS AND WILL USE FOR THEIR SCHOOL PROJECT AND RETURN ANY FUNDS THAT ARE NOT SPENT. WHEN THEY RECEIVE THE FUNDS THEY ALSO RECEIVE THE FINAL REPORT FORM AND THE EXPENSE REPORT FORM WHICH MUST BE FILLED OUT AND RETURNED TO THE EDUCATION FUND AT THE END OF THE GRANT PERIOD. THE EXPENSE REPORT FORM STATES THAT ALL RECEIPTS FOR THEIR GRANT PURCHASE MUST BE ATTACHED AND ANY UNUSED OR UNSPENT GRANT AWARD FUNDS MUST BE RETURNED TO THE EDUCATION FUND. X X X X X 0 0 0 0 0 0 0 0 0 LINDA LECHT PRESIDENT 166973 0 10000 0 0 0 6416 0 11682 0 195071 0 0 0 X 3238780 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO EXECUTIVE COMMITTEE MEMBERS FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS CONFLICT OF INTEREST POLICY DOCUMENTS ARE SIGNED ANNUALLY BY OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S CEO/PRESIDENT IS HIRED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION FOR THIS POSITION IS SET BY THE EXECUTIVE COMMITTEE, WHICH IS MADE UP OF INDEPENDENT PERSONS, USING COMPARABILITY DATA. THE OFFER LETTER AND SUBSEQUENT SALARY CHANGES/RAISE ARE DOCUMENTED BY THE CHAIR OF THE EXECUTIVE COMMITTEE AND PLACED IN THE PRESIDENT'S PERSONNEL FILE BY THE ORGANIZATION'S ACCOUNTANT. ALL OTHER EMPLOYEES OF THE ORGANIZATION ARE HIRED BY THE PRESIDENT (I.E. CEO) BASED ON A BUDGET APPROVED BY THE EXECUTIVE COMMITTEE. COMPENSATION IS BASED ON MARKET RATES FOR SIMILAR POSITIONS IN NON PROFITS IN MIAMI-DADE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE PRESIDENT. THE MOST FREQUENT REQUESTORS OF THESE DOCUMENTS ARE DONORS OR POTENTIAL DONORS TO THE EDUCATION FUND. ALL REQUESTS ARE HONORED IN A TIMELY FASHION, EITHER BY EMAIL OR BY U.S. MAIL.