BREVARD SCHOOLS FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

JANICE KERSHAW

Phone

3216331000

Tax Period

2024-07-01 to 2025-06-30

BREVARD SCHOOLS FOUNDATION INC is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $4.0M left a modest 3% surplus.

Mission

BREVARD SCHOOLS FOUNDATION IS THE DIRECT-SUPPORT, NON-PROFIT ORGANIZATION WHICH MATCHES COMMUNITY RESOURCES WITH THE NEEDS OF BREVARD PUBLIC SCHOOLS IN ORDER TO ENHANCE PUBLIC EDUCATION K-12. BSF IS DESIGNATED AS A "DISTINGUISHED" FOUNDATION OF EXCELLENCE BY THE CONSORTIUM OF FLORIDA EDUCATION FOUNDATIONS. THE FOUNDATION HAS PROVIDED MORE THAN 74 MILLION IN BENEFIT SINCE 1987.

Program Service Accomplishments

Program 1

Expenses: $2,442,385

EDUCATION PROGRAMS-SCHOOL BASED. THE FOUNDATION SUPPORTS INNOVATION IN ALL 85 BREVARD PUBLIC SCHOOLS(BPS) BY RAISING FUNDS AND DIRECTING DONOR DESIGNATED GIFTS TO AREAS THAT ENHANCE EDUCATION...

EDUCATION PROGRAMS-SCHOOL BASED. THE FOUNDATION SUPPORTS INNOVATION IN ALL 85 BREVARD PUBLIC SCHOOLS(BPS) BY RAISING FUNDS AND DIRECTING DONOR DESIGNATED GIFTS TO AREAS THAT ENHANCE EDUCATION. STUDENTS BENEFIT THROUGH PROGRAMS, SUCH AS ROBOTICS, INNOVATION LABS, SCIENCE AND ART FAIRS, AS WELL AS THROUGH PROFESSIONAL DEVELOPMENT AND TRAINING FOR BPS TEACHERS. THE FOUNDATION DIRECTLY SUPPORTS ANNUAL STUDY TRIPS FOR EACH OF THE DISTRICTS: 5TH GRADE STUDENTS TO THE BREVARD SYMPHONY ORCHESTRA; 6TH GRADE STUDENTS TO KENNEDY SPACE CENTER FOR THE DESTINATION SPACE PROGRAM; AND THE 8TH GRADE STUDENTS TO THE MOORE MULTICULTURAL CENTER. BSF HOSTS THE ABC AWARDS ANNUAL RECOGNITION EVENT, IMPLEMENTING SEVERAL TEACHING QUALITY INTIATIVES AND PROVIDING THE TAKE STOCK IN CHILDREN PROGRAM.

Program 2

Expenses: $499,794

ESTABLISHED IN 2014, THE SUPPLY ZONE FOR TEACHERS IS A RESOURCE CENTER THAT ENGAGES COMMUNITIES THROUGH SUPPLY DRIVES AND FUNDRAISING TO PROVIDE FREE SUPPLIES TO TEACHERS AT HIGH-POVERTY SCHOOLS. BY FOCUSING ON LOW-INCOME AND HOMELESS STUDENT POPULATIONS, THE SUPPLY ZONE WORKS TO ENSURE THAT ALL CHILDREN HAVE ACCESS TO THE NECESSARY SCHOOL SUPPLIES AND HYGIENE PRODUCTS DESPITE THEIR CIRCUMSTANCES. STUDENTS NO LONGER HAVE TO FEEL DISCONNECTED, EMBARRASSED, AND UNPREPARED WHEN THEY COME TO SCHOOL WITHOUT SUPPLIES; THE TOOLS THEY NEED TO SUCCEED ARE READY AND WAITING FOR THEM IN THE CLASSROOM. THE SUPPLY ZONE HAS DISTRIBUTED MORE THAN 7.5 MILLION IN FREE SUPPLIES SINCE INCEPTION.

Program 3

Expenses: $239,270

ESTABLISHED IN BREVARD COUNTY IN 1996, TAKE STOCK IN CHILDREN IS A DROP-OUT PREVENTION, COLLEGE READINESS, SCHOLARSHIP AND MENTORING PROGRAM FOR DESERVING, LOW-INCOME, AT-RISK MIDDLE AND HIGH SCHOOL STUDENTS WHO DESIRE TO ATTEND COLLEGE. TSIC PROMOTES PERSONAL GROWTH, SELF RESPONSIBILITY, AND ACADEMIC SUCCESS BY PROVIDING A UNIQUE SET OF RESOURCES INCLUDING MENTORS, SCHOLARSHIPS, LONG-TERM SUPPORT, STUDENT ADVOCACY, AND A GUARANTEED EDUCATIONAL OPPORTUNTY. UPON SUCCESSFUL COMPLETION, STUDENTS RECEIVE A TWO-YEAR COLLEGE SCHOLARSHIP. IN THE LAST FIVE YEARS, TAKE STOCK IN CHILDREN OF BREVARD COUNTY BOASTS A 100% GRADUATION RATE AND A 94% COLLEGE ENTRANCE RATE FOR STUDENTS WHO ENTER THE PROGRAM.

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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 $3,992,376

Program Service Revenue $0

Investment Income $315,609

Other Revenue $-184,869

TOTAL REVENUE $4,123,116

Expense Breakdown

Grants Paid $1,961,350

Salaries & Benefits $822,043

Fundraising Expenses $93,040

Program Expenses $3,311,466

Other Expenses $1,212,960

TOTAL EXPENSES $3,996,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,123,116	$4,513,548	-0.1%
Expenses	$3,996,353	$3,988,232	+0.0%
Net Income	$126,763	$525,316	-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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Financial Health Indicators

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

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

856

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

$124,590

Total Directors