PINELLAS COUNTY EDUCATION FOUNDATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

KIMBERLY JOWELL

Phone

7275884816

Tax Period

2024-07-01 to 2025-06-30

PINELLAS COUNTY EDUCATION FOUNDATION INC, founded in 1986, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $49.5M represent 64 months of operating reserves.

Mission

WE ACCELERATE ACADEMIC ACHIEVEMENT FOR ALL STUDENTS THROUGH THE EFFECTIVE MOBILIZATION OF INNOVATION, RELATIONSHIPS, AND RESOURCES. (CONTINUED ON SCHEDULE O)OUR WORK CENTERS AROUND ENSURING EVERY STUDENT HAS ACCESS AND OPPORTUNITY TO BENEFIT FROM A HIGH-QUALITY EDUCATION SO THAT THEY ARE PREPARED FOR LIFE AFTER HIGH SCHOOL, WHETHER THE CHOICE IS TO ATTEND COLLEGE, TO ENTER THE WORKFORCE, OR TO OBTAIN TECHNICAL TRAINING.

Program Service Accomplishments

Program 1

Expenses: $3,007,570

OUR TAKE STOCK IN CHILDREN (TSIC) PROGRAM IS A LONG-TERM INITIATIVE THAT PAIRS LOW-INCOME STUDENTS WITH CARING MENTORS, COLLEGE SUCCESS COACHES AND GIVES THEM A COMMITMENT OF A COLLEGE SCHOLARSHIP...

OUR TAKE STOCK IN CHILDREN (TSIC) PROGRAM IS A LONG-TERM INITIATIVE THAT PAIRS LOW-INCOME STUDENTS WITH CARING MENTORS, COLLEGE SUCCESS COACHES AND GIVES THEM A COMMITMENT OF A COLLEGE SCHOLARSHIP. STUDENTS ENTER THE PROGRAM BETWEEN THE GRADES OF 6-9 AND WE CONTINUE TO SUPPORT THEM THROUGH THEIR HIGH SCHOOL GRADUATION. STUDENTS MUST MAINTAIN AT LEAST A 'C' AVERAGE IN ALL CLASSES, MEET REGULARLY WITH THEIR MENTOR, REMAIN DRUG AND CRIME-FREE, ATTEND COLLEGE SUCCESS PLANNING MEETINGS, AND GRADUATE FROM HIGH SCHOOL. WE PROVIDE RESOURCES AND SUPPORT FROM THE TIME STUDENTS ENTER THE PROGRAM THROUGH THEIR POSTSECONDARY ATTAINMENT, SERVING APPROXIMATELY 1,100 STUDENTS ANNUALLY. SINCE ITS INCEPTION, TSIC HAS MAINTAINED A HIGH SCHOOL GRADUATION RATE OF 96% OR HIGHER. IN THE 24-25 SCHOOL YEAR, TSIC HAD A 99% GRADUATION RATE.

Program 2

Expenses: $2,976,622

OTHER PROGRAMS AND DISTRICT SUPPORT: WE HOST EVENTS LIKE THE EVENING OF EXCELLENCE, OUR ANNUAL TEACHER OF THE YEAR CELEBRATION, AND WALKER'S RISING STARS SCHOLARSHIP PROGRAM, A COMPETITION HONORING THE DISTRICT'S TOP STUDENT PERFORMERS IN THE ARTS, INCLUDING VISUAL AND CULINARY ARTISTS.

Program 3

Expenses: $964,131

WE AWARDED OVER 200 SCHOLARSHIPS ENTRUSTED TO US BY THE COMMUNITY TO AWARD GRADUATING HIGH SCHOOL SENIORS. THESE SCHOLARSHIPS VARY IN AMOUNT BASED ON THE CRITERIA SET BY DONORS WHO FUND THEM, WHO MAY FOCUS ON SPECIFIC MAJORS, VOLUNTEER HOURS, ACADEMIC ACHIEVEMENTS, SPORTS, OR FINANCIAL NEEDS. STUDENTS APPLY FOR THESE SCHOLARSHIPS THROUGH OUR WEBSITE, WHERE A SINGLE APPLICATION IS PROCESSED FOR ALL SCHOLARSHIPS THAT THE STUDENT MEETS THE CRITERIA. SCHOLARSHIPS CAN BE EITHER ONE-TIME AWARDS OR RENEWABLE FOR STUDENTS WHO CONTINUE TO MEET QUALIFICATIONS THROUGHOUT THEIR POST-SECONDARY EDUCATION. STUDENTS MUST BE ENROLLED AS SENIORS IN PINELLAS COUNTY SCHOOLS, AND THESE SCHOLARSHIPS ARE SEPARATE FROM OUR TAKE STOCK IN CHILDREN MENTORING PROGRAM SCHOLARSHIPS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,671,010

Program Service Revenue $0

Investment Income $1,610,434

Other Revenue $-7,542

TOTAL REVENUE $9,273,902

Expense Breakdown

Grants Paid $6,394,014

Salaries & Benefits $2,333,185

Fundraising Expenses $400,013

Program Expenses $9,001,028

Other Expenses $1,250,824

TOTAL EXPENSES $9,978,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,273,902	$9,774,915	-0.1%
Expenses	$9,978,023	$7,899,613	+0.3%
Net Income	$-704,121	$1,875,302	-1.4%

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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

4303

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

$376,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BYELICK	CHAIRMAN	5.25	Officer Director	$0	$0	$0
PIERRE CARAMAZZA	VICE CHAIR	1.75	Officer Director	$0	$0	$0
STEVE MCMULLEN	TREASURER	2.50	Officer Director	$0	$0	$0
SUSAN JOHNSON	SECRETARY	2.50	Officer Director	$0	$0	$0
TASH ELWYN	IMMEDIATE PAST CHAIR	1.50	Officer Director	$0	$0	$0
JOSEPH BAKER	DIRECTOR	0.75	Director	$0	$0	$0
DOUGLAS BISHOP	DIRECTOR	0.75	Director	$0	$0	$0
JOSH BOMSTEIN	DIRECTOR	1.50	Director	$0	$0	$0
JOHNNY BOYKINS	DIRECTOR	2.00	Director	$0	$0	$0
CATHY COLLINS	DIRECTOR	0.75	Director	$0	$0	$0
RICHARD CRIPPEN	DIRECTOR	0.25	Director	$0	$0	$0
DAN DOHERTY	DIRECTOR	0.75	Director	$0	$0	$0
MARK FERNANDEZ	DIRECTOR	0.75	Director	$0	$0	$0
RENE FLOWERS	DIRECTOR	0.75	Director	$0	$0	$0
JENNIFER GALLEY	DIRECTOR	0.75	Director	$0	$0	$0
BILL GOEDE	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL HARPOLE	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES HARRIS	DIRECTOR	0.75	Director	$0	$0	$0
KEVIN HENDRICK	DIRECTOR	0.75	Director	$0	$0	$0
LAURA HINE	DIRECTOR	0.25	Director	$0	$0	$0
MITCHELL LEE	DIRECTOR	0.75	Director	$0	$0	$0
ROBERT MCINTYRE	DIRECTOR	1.50	Director	$0	$0	$0
JAMES MYERS	DIRECTOR	1.50	Director	$0	$0	$0
JEFF NELSON	DIRECTOR	0.75	Director	$0	$0	$0
IRWIN NOVACK	DIRECTOR	0.75	Director	$0	$0	$0
WILLIAM PINGLETON	DIRECTOR	0.75	Director	$0	$0	$0
AMY RETTIG	DIRECTOR	0.75	Director	$0	$0	$0
WG SPOOR	DIRECTOR	1.25	Director	$0	$0	$0
ELLEN STAVROS	DIRECTOR	0.75	Director	$0	$0	$0
DANIELLE WEITLAUF	DIRECTOR	0.75	Director	$0	$0	$0
BEN WIEDER	DIRECTOR	0.75	Director	$0	$0	$0
JEFFREY WALKER	DIRECTOR (TERM END 05/16/25)	0.75	Director	$0	$0	$0
KIM JOWELL	CEO	40.00	Officer	$264,582	$4,368	$268,950
TAMMY HIMES	CONTROLLER	40.00	Officer	$99,988	$7,807	$107,795
LISA FASTING	CHIEF PROGRAMS OFFICER	40.00	Highest	$123,079	$3,780	$126,859
ELIZABETH SZOSTAK	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$104,450	$12,767	$117,217

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	$9,273,902	$9,978,023	$50,240,089	$-704,121
2024	$9,774,915	$7,899,613	$51,103,915	$1,875,302
2023	$9,197,386	$8,151,765	$48,071,111	$1,045,621
2022	$10,365,473	$6,955,203	$46,219,796	$3,410,270
2021	$8,082,359	$9,343,676	$46,058,719	$-1,261,317
2020	$8,698,900	$6,531,936	$43,823,242	$2,166,964
2019	$11,680,981	$6,317,582	$39,506,234	$5,363,399
2018	$8,875,448	$6,777,555	$33,941,536	$2,097,893

PINELLAS COUNTY EDUCATION FOUNDATION INC