Hillsborough Education Foundation Inc

EIN: 592883361 501(c)(3) Education

Tampa, FL

Total Revenue
$11,664,130
Total Expenses
$11,101,539
Total Assets
$12,592,599
Net Assets
$10,935,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
Anna Corman
Phone
8135740260
Tax Period
2024-07-01 to 2025-06-30

Hillsborough Education Foundation Inc, founded in 1988, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 5% surplus.

Mission

To ensure every student in Hillsborough County receives an outstanding public education that equips them for a fulfilling future.

Program Service Accomplishments

Program 1
Expenses: $2,589,857

Our Teaching Tools program provides critical school supplies and classroom resources year-round to teachers in all schools. Teaching Tools is a real brick and mortar store primarily stocked through...

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Our Teaching Tools program provides critical school supplies and classroom resources year-round to teachers in all schools. Teaching Tools is a real brick and mortar store primarily stocked through donations of school supplies from individuals and businesses where teachers shop for free school supplies to distribute to students in need. With the help of volunteers who gave over 3,976 hours, Teaching Tools provided support to 3,344 unique teachers in Hillsborough County.

Program 2
Expenses: $2,075,850

As an affiliate of the statewide Take Stock in Children program, students at or below poverty level along with other risk factors are provided with a mentor, college readiness coach and the...

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As an affiliate of the statewide Take Stock in Children program, students at or below poverty level along with other risk factors are provided with a mentor, college readiness coach and the commitment of a college scholarship. During the 2024-2025 school year, 314 students participated in the Take Stock program. For the 2025 senior class, 64 of 65 Take Stock students in the mentoring program graduated and 61 earned their scholarship - these scholarships had a value of over $521,994. In addition to the TSIC program, HEF also awards community scholarships and 392 students received over $1.1M in scholarships to pursue post-secondary education.

Program 3
Expenses: $2,218,762

Through school and classroom enrichment grants the foundation provides funding for schools and teachers to increase their capacity to deliver effective and innovative instructional strategies that...

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Through school and classroom enrichment grants the foundation provides funding for schools and teachers to increase their capacity to deliver effective and innovative instructional strategies that enhance and expand learning. The foundation awarded grants to support STEM, literacy, English language arts and other educational areas impacting students at over 110 schools.

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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 $11,056,033
Program Service Revenue $204,858
Investment Income $487,348
Other Revenue $-84,109
TOTAL REVENUE $11,664,130

Expense Breakdown

Grants Paid $3,871,596
Salaries & Benefits $2,327,750
Fundraising Expenses $390,801
Program Expenses $10,287,299
Other Expenses $4,902,193
TOTAL EXPENSES $11,101,539

Year-over-Year Comparison

2024 2023 Change
Revenue $11,664,130 $9,613,439 +0.2%
Expenses $11,101,539 $9,699,155 +0.1%
Net Income $562,591 $-85,716 -7.6%
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
30
Independent Members
29
Employees
43
Volunteers
1174

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
$188,307
Total Directors
30
$188,307
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anna Corman President, CEO 40.00
Officer Director
$182,090 $6,217 $188,307
Chris Taylor Chair 2.00
Officer Director
$0 $0 $0
Sean Shaw Vice-Chair 2.00
Officer Director
$0 $0 $0
Joyce Haines Ph D Secretary 2.00
Officer Director
$0 $0 $0
Mark Fernandez Treasurer 2.00
Officer Director
$0 $0 $0
Ankit Pateil Director 0.25
Director
$0 $0 $0
Barbara Janousek Director 0.25
Director
$0 $0 $0
Betty Castor Director 0.25
Director
$0 $0 $0
Chon Nguyen Director 0.25
Director
$0 $0 $0
Dr Anne Lenz Director 0.25
Director
$0 $0 $0
Drew Marshall Director 0.25
Director
$0 $0 $0
Fentrice D Driskell Director 0.25
Director
$0 $0 $0
Jackie Gilbert Director 0.25
Director
$0 $0 $0
Joel K Stephens Director 0.25
Director
$0 $0 $0
Kevin H Sutton Director 0.25
Director
$0 $0 $0
Kim Pietsch-Huff Director 0.25
Director
$0 $0 $0
Kimberly D Thresher Director 0.25
Director
$0 $0 $0
Mandy Weitknecht Director 0.25
Director
$0 $0 $0
Maureen Butler Director 0.25
Director
$0 $0 $0
Michael C Poland Director 0.25
Director
$0 $0 $0
Nadia Combs Director 0.25
Director
$0 $0 $0
Nina Lacevic Director 0.25
Director
$0 $0 $0
Rob Kriete Director 0.25
Director
$0 $0 $0
Sol J Fleischman Jr Director 0.25
Director
$0 $0 $0
T Corey Neil Director 0.25
Director
$0 $0 $0
Tate Kubler Director 0.25
Director
$0 $0 $0
Ted Stasney Director 0.25
Director
$0 $0 $0
Tina James Director 0.25
Director
$0 $0 $0
Tommy Chuck Director 0.25
Director
$0 $0 $0
Van Ayres Director 0.25
Director
$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 $11,664,130 $11,101,539 $12,592,599 $562,591
2024 $9,613,439 $9,699,155 $11,228,068 $-85,716
2023 $7,821,921 $8,055,363 $10,906,821 $-233,442
2022 $10,065,447 $8,779,621 $10,731,665 $1,285,826
2021 $7,438,781 $6,937,705 $10,605,925 $501,076
2020 $7,518,399 $6,966,294 $9,567,170 $552,105
2019 $7,461,811 $7,279,853 $8,908,539 $181,958
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