EDUCATION FOUNDATION OF SARASOTA COUNTY

EIN: 592320858 501(c)(3) Education

SARASOTA, FL

Total Revenue
$3,177,753
Total Expenses
$2,896,289
Total Assets
$5,469,942
Net Assets
$5,011,438
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
FL
Principal Officer
JENNIFER VIGNE
Phone
9419270965
Tax Period
2022-07-01 to 2023-06-30

EDUCATION FOUNDATION OF SARASOTA COUNTY, founded in 1979, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.9M left a modest 9% surplus.

Mission

TO ENHANCE THE POTENTIAL OF STUDENTS, PROMOTE EXCELLENCE IN TEACHING, AND INSPIRE INNOVATION IN EDUCATION, GUIDED BY STRATEGIC PHILANTHROPY.

Program Service Accomplishments

Program 1
Expenses: $1,710,717

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...

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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.

Program 2
Expenses: $321,710

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...

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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.

Program 3
Expenses: $208,923

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...

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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.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,140,251
Program Service Revenue $0
Investment Income $78,202
Other Revenue $-40,700
TOTAL REVENUE $3,177,753

Expense Breakdown

Grants Paid $863,523
Salaries & Benefits $1,253,223
Fundraising Expenses $161,388
Program Expenses $2,581,684
Other Expenses $779,543
TOTAL EXPENSES $2,896,289

Year-over-Year Comparison

2022 2021 Change
Revenue $3,177,753 $4,227,915 -0.2%
Expenses $2,896,289 $2,574,890 +0.1%
Net Income $281,464 $1,653,025 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
26
Volunteers
50

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
5
$176,932
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH DONOFRIO TEACHER REPRESENTATIVE 2.00
Director
$0 $0 $0
LUCIE LAPOVSKY TREASURER 2.00
Officer Director
$0 $0 $0
STEVE KRAUSE DIRECTOR 2.00
Director
$0 $0 $0
HEATHER KASTEN DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER INFANTI DIRECTOR 2.00
Director
$0 $0 $0
AUBRIANNA HOBBS STUDENT REPRESENTATIVE 2.00
Director
$0 $0 $0
KAROLINA PAULUS STUDENT REPRESENTATIVE 2.00
Officer Director
$0 $0 $0
DONA SCOTT DIRECTOR 2.00
Director
$0 $0 $0
KENT HAYES FIRST VICE CHAIR 2.00
Director
$0 $0 $0
BROCK H LEACH IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
ANNE ROLLINGS SECRETARY 2.00
Director
$0 $0 $0
NELLE MILLER CHAIR 3.00
Director
$0 $0 $0
KARA SAUNDERS 2ND VICE CHAIR 2.00
Officer Director
$0 $0 $0
BECKY VAN DER BOGERT DIRECTOR 2.00
Director
$0 $0 $0
ES SWIHART DIRECTOR 2.00
Director
$0 $0 $0
KARI JOHNSON TEACHER REPRESENTATIVE 2.00
Director
$0 $0 $0
JENNIFER VIGNE PRESIDENT 40.00
Officer
$171,011 $5,921 $176,932
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 No data No data No data No data
2024 No data No data No data No data
2023 $3,177,753 $2,896,289 $5,469,942 $281,464
2022 $4,227,915 $2,574,890 $5,086,867 $1,653,025
2021 $2,840,268 $2,168,820 $5,328,037 $671,448
2020 $2,812,127 $2,763,680 $2,321,522 $48,447
2019 $1,558,013 $1,538,602 $2,186,948 $19,411
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