OKALOOSA PUBLIC SCHOOLS FOUNDATION INC

EIN: 593295821 501(c)(3) Philanthropy & Grantmaking

NICEVILLE, FL

Total Revenue
$826,781
Total Expenses
$538,486
Total Assets
$619,115
Net Assets
$619,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
FL
Principal Officer
JUDY BYRNE RILEY
Phone
8508339999
Tax Period
2024-07-01 to 2025-06-30

OKALOOSA PUBLIC SCHOOLS FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $827K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $288K, a strong 35% operating margin.

Mission

THE OKALOOSA PUBLIC SCHOOLS FOUNDATION, INC. (OPSF) ADVANCES K-12 STUDENT ACHIEVEMENT IN OKALOOSA COUNTY THROUGH PARTNERSHIPS WITH KEY STAKEHOLDERS. THE OPSF PROVIDES GRANT OPPORTUNITIES FOR EDUCATORS AND SCHOLARSHIP/ADVOCACY PROGRAMS FOR LOW INCOME, HIGH ACHIEVING STUDENTS. THE OPSF PROVIDES ONLINE RESOURCES, NETWORKING, AND OTHER RESOURCES TO GROWTH THE STUDENT ACHIEVEMENT IN THE OKALOOSA COUNTY SCHOOL DISTRICT.

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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 $793,737
Program Service Revenue $0
Investment Income $5,100
Other Revenue $27,944
TOTAL REVENUE $826,781

Expense Breakdown

Grants Paid $360,786
Salaries & Benefits $0
Fundraising Expenses $3,297
Program Expenses $520,332
Other Expenses $177,700
TOTAL EXPENSES $538,486

Year-over-Year Comparison

2024 2023 Change
Revenue $826,781 $751,698 +0.1%
Expenses $538,486 $716,548 -0.2%
Net Income $288,295 $35,150 +7.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
64

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
6
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY GATES PRESIDENT 5.00
Officer Director
$0 $0 $0
DIANE FRASER VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MAGGIE TOMECHEK PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
JUDY BYRNE RILEY TREASURER 5.00
Officer Director
$0 $0 $0
CLAIRE ERK SECRETARY 5.00
Officer Director
$0 $0 $0
MARCUS CHAMBERS MEMBER 5.00
Director
$0 $0 $0
LINDA EVANCHYK MEMBER 5.00
Director
$0 $0 $0
BOB BENNETT MEMBER 5.00
Director
$0 $0 $0
SHEA BOYKIN MEMBER 5.00
Director
$0 $0 $0
MICHELE BURNS MEMBER 5.00
Director
$0 $0 $0
KIM COX MEMBER 5.00
Director
$0 $0 $0
CINDY FRAKES MEMBER 5.00
Director
$0 $0 $0
DANA HODGES MEMBER 5.00
Director
$0 $0 $0
BERNARD JOHNSON MEMBER 5.00
Director
$0 $0 $0
CAMERON JOHNSON MEMBER 5.00
Director
$0 $0 $0
SARA MATHIS MEMBER 5.00
Director
$0 $0 $0
CAROLYN MCALLISTER MEMBER 5.00
Director
$0 $0 $0
DONNA MONTALVO MEMBER 5.00
Director
$0 $0 $0
DOLORES NOECHEL MEMBER 5.00
Director
$0 $0 $0
JEFF PALMER MEMBER 5.00
Director
$0 $0 $0
MARY PETERSON MEMBER 5.00
Director
$0 $0 $0
YVONNE SHANKLIN MEMBER 5.00
Director
$0 $0 $0
NEKO STUBBLEFIELD MEMBER 5.00
Director
$0 $0 $0
JARED WILLIAMS MEMBER 5.00
Director
$0 $0 $0
JOHN SPOLSKI EXECUTIVE DIRECTOR 5.00
Officer
$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 $826,781 $538,486 $619,115 $288,295
2024 $751,698 $716,548 $433,577 $35,150
2023 $471,426 $413,440 $325,202 $57,986
2022 $398,371 $345,355 $271,339 $53,016
2021 $344,814 $354,556 $217,478 $-9,742
2020 $332,379 $261,589 $235,324 $70,790
2019 $309,523 $309,144 $171,680 $379
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