FLORIDA EDUCATION FUND INC

EIN: 592783821 501(c)(3) Education

TAMPA, FL

Total Revenue
$5,616,979
Total Expenses
$4,298,741
Total Assets
$34,925,689
Net Assets
$33,498,050
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
DR LAWRENCE MOREHOUSE
Phone
8132722772
Tax Period
2024-07-01 to 2025-06-30

FLORIDA EDUCATION FUND INC, founded in 1984, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

TO STRENGTHEN THE LARGER COMMUNITY BY DEVELOPING AND IMPLEMENTING PROGRAMS AND SERVICES THAT LEAD TO INSTITUTIONAL ENHANCEMENT AND GREATER EDUCATIONAL ADVANCEMENT.

Program Service Accomplishments

Program 1
Expenses: $2,745,979 Revenue: $31,345

MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM:GRADUATION AND RETENTION RATESESTABLISHED IN 1984, THE FLORIDA EDUCATION FUND'S MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM HAS INCREASED THE NUMBER OF SCHOLARS WHO HAVE...

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MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM:GRADUATION AND RETENTION RATESESTABLISHED IN 1984, THE FLORIDA EDUCATION FUND'S MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM HAS INCREASED THE NUMBER OF SCHOLARS WHO HAVE BEEN AWARDED THE PH.D. IN CRUCIAL DISCIPLINES AND FIELDS OF STUDY. SOME 1,711 FELLOWSHIPS HAVE BEEN AWARDED TO SCHOLARS PURSUING THE PH.D. DEGREE AND THE PROGRAM ENJOYS AN IMPRESSIVE NEAR 87% RETENTION RATE WHICH INCLUDED 360 MATRICULATING FELLOWS AND 1,126 GRADUATES.(CONTINUED ON SCHEDULE O)PRESENTLY 81 FELLOWS HAVE ADVANCED TO CANDIDACY. 55 FELLOWS GRADUATED IN 2024. 19 FELLOWS GRADUATED SINCE JANUARY 2025. 39 NEW MCKNIGHT FELLOWSHIPS AND 7 DISSERTATION FELLOWSHIPS WERE AWARDED FOR FALL 2025 TO STUDENTS PURSUING STUDIES AT ONE OF 9 INSTITUTIONS IN THE STATE OF FLORIDA. EACH FELLOWSHIP CONSISTS OF TUITION, FEES, AND STIPEND.PROFESSIONAL DEVELOPMENT ACTIVITYIN ADDITION, DURING THE 2024-25 ACADEMIC YEAR, WE OFFERED FELLOWS OUR OWN PROFESSIONAL DEVELOPMENT WORKSHOPS AS WELL AS TRAVEL GRANTS FOR THEM TO ATTEND PROFESSIONAL CONFERENCES TO FACILITATE THEIR RESEARCH AND PUBLICATION EFFORTS. PRESENTING PAPERS AT PROFESSIONAL CONFERENCES NOT ONLY PROMOTES NETWORKING OPPORTUNITIES FOR JOB PLACEMENT BUT ALSO ALLOWS THE FELLOWS TO RECEIVE PROFESSIONAL FEEDBACK ON THEIR RESEARCH PROJECTS. FREQUENTLY, PARTICIPATING IN THESE TYPES OF CONFERENCES MAY ALSO LEAD TO COLLABORATION OPPORTUNITIES ON IMPORTANT CUTTING-EDGE RESEARCH PROJECTS. WE EXPANDED OUR WRITING SUPPORT SERVICES TO INCLUDE NOT ONLY PROFESSIONAL DEVELOPMENT WRITING WORKSHOPS FOCUSING ON JOURNAL AND MANUSCRIPT PUBLICATIONS, BUT ALSO EDITORIAL ASSISTANCE ON GRANT PROPOSALS, CONFERENCE PAPERS, AND REPORTS. THESE SERVICES ALLOW SCHOLARS TO WORK WITH PROFESSIONAL EDITORS TO HELP IMPROVE WRITING MECHANICS AND CONTEXTUAL ORGANIZATION, AS WELL AS CONNECT STUDENTS TO CONTENT EXPERTS IN SPECIFIC DISCIPLINES.TO REMAIN CONTEMPORARY, WE EXPANDED OUR CONFERENCE PRESENTATIONS TO INCLUDE A SERIES OF SPECIAL TOPIC PANEL DISCUSSIONS ON BEST PRACTICES FOR COMPREHENSIVE EXAM PREPARATION AND DISSERTATION DEFENSES AND PROVIDED PRESENTATIONS ON THE SIGNIFICANCE OF ARTIFICIAL INTELLIGENCE AND THE IMPACT OF NEW TECHNOLOGIES ON BOOK AND JOURNAL PUBLICATION PROCESSES.FURTHERMORE, TO ENSURE OUR SCHOLARS TAKE FULL ADVANTAGE OF AMERICA'S GROWING JOB MARKETS AND TO PROVIDE ADEQUATE EXPOSURE TO COLLEGES AND UNIVERSITIES, GOVERNMENTAL AGENCIES, NOT-FOR-PROFIT THINK TANKS, AND PRIVATE SECTOR CORPORATE JOBS, WE EXPANDED OPPORTUNITIES FOR JOB MARKET EXHIBITORS AND RECRUITERS TO MEET OUR SCHOLARS DURING OUR ANNUAL GRADUATE SCHOOL CONFERENCES.

Program 2
Expenses: $694,940 Revenue: $5,500

CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE ELEMENTARY AND SECONDARY STUDENTS AND...

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CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE ELEMENTARY AND SECONDARY STUDENTS AND ULTIMATELY INCREASE THE POOL OF STUDENTS MOTIVATED AND QUALIFIED TO ENTER COLLEGE. THIS MISSION INCLUDES A) ASSUMING A MORE PROACTIVE STANCE IN THE EDUCATION OF YOUTH; B) EMPLOYING THE DEVELOPMENT OF A GROUP ACHIEVEMENT MODEL FOR ELEMENTARY AND SECONDARY STUDENTS; AND C) INCREASING THE POOL OF STUDENTS WHO ARE PREPARED, MOTIVATED AND QUALIFIED TO ENTER HIGHER EDUCATION.(CONTINUED ON SCHEDULE O)TEN CENTERS THROUGHOUT FLORIDA HAVE INDUCTED APPROXIMATELY 24,500 HIGH ACHIEVING STUDENTS INTO THE NATIONAL ACHIEVERS SOCIETY. APPROXIMATELY 21,800 STUDENTS HAVE COMPETED IN THE ANNUAL BRAIN BOWL SCHOLARSHIP COMPETITIONS. APPROXIMATELY 12,300 HAVE PARTICIPATED IN SAT PREPARATION AND/OR COMPUTER PROGRAMMING COURSES, AFTER SCHOOL PROGRAMS AND SUMMER CAMPS.

Program 3
Expenses: $64,096 Revenue: $0

MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH. TO IMPROVE THEIR CHANCES OF EARNING TENURE AND PROMOTION...

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MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH. TO IMPROVE THEIR CHANCES OF EARNING TENURE AND PROMOTION, FELLOWS RECEIVE A ONE-YEAR SABBATICAL WITH FULL SALARY AND BENEFITS. DURING THE SABBATICAL, FELLOWS ARE REQUIRED TO ENGAGE IN RESEARCH AND TRAINING PROJECTS DIRECTLY RELATED TO THEIR EFFORTS TO SECURE TENURE AND PROMOTION. WHILE THE PARTICIPATING UNIVERSITY PAYS THE FELLOW'S SALARY, THE FEF PAYS THE UNIVERSITY $15,000 TO ASSIST WITH NECESSARY TEACHING REPLACEMENTS AND SUPPORT COSTS. SINCE 1984, THE FEF HAS AWARDED 262 JUNIOR FACULTY FELLOWSHIPS.(CONTINUED ON SCHEDULE O)THIS INCLUDES 6 NEW JUNIOR FACULTY FELLOWSHIPS FOR THE 2025-2026 ACADEMIC YEAR. OF THE 262 FELLOWS AWARDED SINCE 1984, 114 HAVE OBTAINED TENURE OR PROMOTION OR HAVE EARNED DOCTORAL DEGREES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,384,217
Program Service Revenue $36,845
Investment Income $1,193,396
Other Revenue $2,521
TOTAL REVENUE $5,616,979

Expense Breakdown

Grants Paid $2,272,149
Salaries & Benefits $1,306,130
Fundraising Expenses $20,244
Program Expenses $3,505,015
Other Expenses $720,462
TOTAL EXPENSES $4,298,741

Year-over-Year Comparison

2024 2023 Change
Revenue $5,616,979 $5,253,062 +0.1%
Expenses $4,298,741 $4,484,022 0.0%
Net Income $1,318,238 $769,040 +0.7%
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
9
Independent Members
9
Employees
19
Volunteers
22

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
$742,075
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ROBERT LNIXON BOARD CHAIR 0.32
Officer Director
$0 $0 $0
DR SYLVIA WILSON THOMAS SECRETARY/TREASURER 0.32
Officer Director
$0 $0 $0
DR CASTELL V BRYANT MEMBER 0.32
Director
$0 $0 $0
DR DOVIE GAMBLE MEMBER 0.32
Director
$0 $0 $0
DR JAFFUS HARDRICK MEMBER 0.32
Director
$0 $0 $0
CAROLYN LAWSON MEMBER 0.32
Director
$0 $0 $0
DR SHANDALE TERRELL MEMBER 0.32
Director
$0 $0 $0
PHILIPPE VILLAIN MEMBER 0.32
Director
$0 $0 $0
DR CLAUDE VILLERS MEMBER 0.32
Director
$0 $0 $0
DR LAWRENCE MORESHOUSE PRESIDENT & CEO 40.00
Officer
$295,793 $42,889 $338,682
LYRA LOGAN VP/GENERAL COUNSEL 40.00
Officer
$242,559 $53,907 $296,466
NATOYA MARTIN FINANCE MANAGER 40.00
Officer
$91,760 $15,167 $106,927
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 $5,616,979 $4,298,741 $34,925,689 $1,318,238
2024 $5,253,062 $4,484,022 $30,686,094 $769,040
2023 $4,839,675 $4,519,033 $26,667,726 $320,642
2022 $5,657,591 $4,034,650 $23,479,749 $1,622,941
2021 $5,520,418 $4,022,202 $26,650,472 $1,498,216
2020 $4,603,153 $4,148,969 $20,605,750 $454,184
2019 $4,503,232 $4,294,255 $20,216,641 $208,977
2018 $4,743,608 $4,601,595 $19,006,334 $142,013
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