NASSAU EDUCATION FOUNDATION INC

EIN: 472660125 501(c)(3) Philanthropy & Grantmaking

FERNANDINA BEACH, FL

Total Revenue
$173,170
Total Expenses
$166,438
Total Assets
$258,917
Net Assets
$258,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
SUSAN DEVANE
Phone
9042617803
Tax Period
2024-07-01 to 2025-06-30

NASSAU EDUCATION FOUNDATION INC, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $173K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $166K left a modest 4% surplus.

Mission

THE NASSAU EDUCATION FOUNDATION IS COMMITTED TO HELPING STUDENTS BY SUPPORTING AND ENHANCING PUBLIC EDUCATION IN NASSAU COUNTY. THE FOUNDATION RAISES FUNDS FROM THE COMMUNITY; USING THOSE FUNDS TO FOR GRANTS AND PROJECTS TO TEACHERS AND SCHOOLS THAT ARE NOT FUNDED THROUGH THE SCHOOL BOARD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $102,062
Program Service Revenue $0
Investment Income $7,036
Other Revenue $64,072
TOTAL REVENUE $173,170

Expense Breakdown

Grants Paid $112,084
Salaries & Benefits $34,868
Fundraising Expenses $21,692
Program Expenses $137,269
Other Expenses $19,486
TOTAL EXPENSES $166,438

Year-over-Year Comparison

2024 2023 Change
Revenue $173,170 $113,750 +0.5%
Expenses $166,438 $114,100 +0.5%
Net Income $6,732 $-350 -20.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
N/A
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN TAYLOR TREASURER N/A
Officer
$0 $0 $0
SUSAN DEVANE EXECUTIVE DI N/A
Officer
$0 $0 $0
TONYA BAUDEK PRESIDENT N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $173,170 $166,438 $258,917 $6,732
2024 $113,750 $114,100 $254,178 $-350
2023 $132,561 $89,149 $252,539 $43,412
2022 $134,870 $132,267 $209,127 $2,603
2021 $145,490 $163,631 $206,524 $-18,141
2020 $137,084 $118,606 $224,665 $18,478
2019 $154,199 $180,743 $206,188 $-26,544
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