Civic Intelligence

The Foundation for Seminole County Public Schools

EIN 59-2775956 • 501(c)3 • Sanford, FL

Profile

The foundation enhances the quality of education in seminole county public schools and ensures that today's students become tomorrow's successful, productive citizens. The foundation focuses on three funding initiatives for the school district: 1) programs that remove the barriers that keep kids from coming to school ready to learn 2) provide resources in the classroom to enhance student performance and 3) support our high performing school district by recognizing and rewarding our top performing educators and support staff. Since inception the foundation has raised over 40 million to support our public school district.

400 E Lake Mary BlvdSanford, FL 32773

www.foundationscps.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

29th percentile

0.05x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

28th percentile

-3.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

46th percentile

2.9%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

26th percentile

-5.9%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$6,425,825

Up $179,795 (+2.9%) from 2024

Liabilities

Down

$198,365

Down $12,032 (-5.7%) from 2024

Net Assets

Up

$6,227,460

Up $191,827 (+3.2%) from 2024

Operations
Liabilities / Revenue29th percentileNet Margin28th percentile

Revenue

Down

$3,779,135

Down $235,840 (-5.9%) from 2024

Expenses

Down

$3,909,865

Down $91,509 (-2.3%) from 2024

Net Income

Down

-$130,730

Down $144,331 (-1061%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $4,729,581Liabilities 2012: $10,191Net Assets 2012: $4,719,3902012Assets 2013: $5,106,437Liabilities 2013: $106,261Net Assets 2013: $5,000,1762013Assets 2014: $4,948,886Liabilities 2014: $55,369Net Assets 2014: $4,893,5172014Assets 2015: $7,500,649Liabilities 2015: $41,540Net Assets 2015: $7,459,1092015Assets 2016: $4,782,387Liabilities 2016: $91,303Net Assets 2016: $4,691,0842016Assets 2017: $4,683,594Liabilities 2017: $291,514Net Assets 2017: $4,392,0802017Assets 2018: $5,164,951Liabilities 2018: $88,445Net Assets 2018: $5,076,5062018Assets 2019: $5,204,238Liabilities 2019: $84,123Net Assets 2019: $5,120,1152019Assets 2020: $5,724,855Liabilities 2020: $299,706Net Assets 2020: $5,425,1492020Assets 2021: $6,544,848Liabilities 2021: $93,654Net Assets 2021: $6,451,1942021Assets 2022: $5,998,231Liabilities 2022: $92,791Net Assets 2022: $5,905,4402022Assets 2023: $6,049,640Liabilities 2023: $185,061Net Assets 2023: $5,864,5792023Assets 2024: $6,246,030Liabilities 2024: $210,397Net Assets 2024: $6,035,6332024Assets 2025: $6,425,825Liabilities 2025: $198,365Net Assets 2025: $6,227,4602025

Highlighted filing

2025

Assets$6,425,825
Liabilities$198,365
Net Assets$6,227,460
Open 2025 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $2,904,104Expenses 2012: $2,210,065Net Income 2012: $694,0392012Revenue 2013: $2,696,194Expenses 2013: $2,631,125Net Income 2013: $65,0692013Revenue 2014: $2,604,483Expenses 2014: $3,040,498Net Income 2014: -$436,0152014Revenue 2015: $7,725,764Expenses 2015: $4,805,196Net Income 2015: $2,920,5682015Revenue 2016: $3,355,899Expenses 2016: $5,929,214Net Income 2016: -$2,573,3152016Revenue 2017: $4,205,726Expenses 2017: $4,685,350Net Income 2017: -$479,6242017Revenue 2018: $4,026,892Expenses 2018: $3,448,841Net Income 2018: $578,0512018Revenue 2019: $3,741,406Expenses 2019: $3,793,441Net Income 2019: -$52,0352019Revenue 2020: $4,578,753Expenses 2020: $4,199,362Net Income 2020: $379,3912020Revenue 2021: $5,336,945Expenses 2021: $4,296,960Net Income 2021: $1,039,9852021Revenue 2022: $5,174,391Expenses 2022: $4,965,855Net Income 2022: $208,5362022Revenue 2023: $4,493,142Expenses 2023: $4,854,292Net Income 2023: -$361,1502023Revenue 2024: $4,014,975Expenses 2024: $4,001,374Net Income 2024: $13,6012024Revenue 2025: $3,779,135Expenses 2025: $3,909,865Net Income 2025: -$130,7302025

Highlighted filing

2025

Revenue$3,779,135
Expenses$3,909,865
Net Income-$130,730
Open 2025 Filing

Filings

Most recent year

2025 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$6,425,825
Liabilities
$198,365
Net assets
$6,227,460
Revenue
$3,779,135
Expenses
$3,909,865
Net income
-$130,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$0.20$6.23$3.78$3.91$0.13
2024Summary only. Only limited summary data is available for this year.$6.25$0.21$6.04$4.01$4.00$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.19$5.86$4.49$4.85$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$0.09$5.91$5.17$4.97$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$0.09$6.45$5.34$4.30$1.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$0.30$5.43$4.58$4.20$0.38
2019Summary only. Only limited summary data is available for this year.$5.20$0.08$5.12$3.74$3.79$0.05
2018Summary only. Only limited summary data is available for this year.$5.16$0.09$5.08$4.03$3.45$0.58
2017Summary only. Only limited summary data is available for this year.$4.68$0.29$4.39$4.21$4.69$0.48
2016Summary only. Only limited summary data is available for this year.$4.78$0.09$4.69$3.36$5.93$2.57
2015Summary only. Only limited summary data is available for this year.$7.50$0.04$7.46$7.73$4.81$2.92
2014Summary only. Only limited summary data is available for this year.$4.95$0.06$4.89$2.60$3.04$0.44
2013Summary only. Only limited summary data is available for this year.$5.11$0.11$5.00$2.70$2.63$0.07
2012Summary only. Only limited summary data is available for this year.$4.73$0.01$4.72$2.90$2.21$0.69
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$4,765,232
Mission and Program Overview

Mission

The foundation enhances the quality of education in seminole county public schools and ensures that today's students become tomorrow's successdul, productive citizens. The foundation focuses on three funding initiatives for the school district: 1) programs that remove the barriers that keep kids from coming to school ready to learn 2) provide resouces in the classroom to enhance student performance and 3) support our high performing school district by recognizing and rewarding our top performing educators and support staff. Since inception the foundation has raised over 40 million to support our public school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,429,118$3,566,982▲ $137,864
Cash and Non-Interest-Bearing Accounts$1,239,792$835,218▼ $404,574
Accounts Receivable$31,226$112,503▲ $81,277
Prepaid Expenses and Deferred Charges-$9,444-
Total Assets$5,998,231$6,049,640▲ $51,409
Other Assets Total$1,298,095$1,525,493▲ $227,398
Liabilities
Accounts Payable and Accrued Expenses$83,791$135,961▲ $52,170
Deferred Revenue$9,000$49,100▲ $40,100
Total Liabilities$92,791$185,061▲ $92,270
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,241,506$5,175,967▼ $65,539
Net Assets Without Donor Restrictions$663,934$688,612▲ $24,678
Total Net Assets Fund Balance$5,905,440$5,864,579▼ $40,861
Total Liabilities and Net Assets / Fund Balance$5,998,231$6,049,640▲ $51,409

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$130,311--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,941,834$65,749--$2,007,583
2021$1,792,884$148,950--$1,941,834
2020$1,792,884$15,450--$1,808,334
2019$1,780,221$12,663--$1,792,884
2018$1,715,220$65,001--$1,780,221
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Tara ChristensenChair
Greg BrannonChair Elect
Anthony HallDirector
Beth SmithDirector
Darren CunninghamDirector
David SprinkleDirector
Dede SchaffnerDirector
Holton MillsDirector
Jay PettusDirector
John AshworthDirector
Maggie BonkoDirector
Nicole CrockerDirector
Prasad ChittaluruDirector
Rick Bundy JrDirector
Shane WolfeDirector
Sharon ArroyoDirector
Dan SmithEx Officio
Katie MurphyEx Officio
Kristine KrausEx Officio
Serita BeamonEx Officio
Jean VansmithExecutive Di
Tanya EasterlingImmediate Pa
Brian LucVP of Develo
Scott MacaioneVP of Financ
Revenue and Support

Revenue Composition

Contributions and Grants
$4,261,420
Program Service Revenue
$0
Investment Income
$9,587
Other Revenue
$222,135
All Other Contributions
$3,094,248
Change in Net Assets
$-361,150

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$2,050,177
Total Noncash Contributions1$2,050,177

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,493,142
Revenue Not Reported on Form 990
$644,022
Total Revenue per Audited Statements
$5,137,164
Total Revenue per Form 990
$4,493,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,152,280
Salaries, Compensation, and Employee Benefits$541,676
Grants and Similar Amounts Paid$160,336
Total Fundraising Expense$60,155
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$391,063$90,458$60,155$541,676
Grants to Domestic Individuals$95,707--$95,707
Grants to Domestic Orgs$64,629--$64,629
All Other Expenses$412$25,427-$25,839
Fees for Services Accounting-$24,290-$24,290
Other Expenses$1,153$10,789-$10,789
Travel$3,821--$3,821
Insurance-$2,841-$2,841
Total Functional Expenses$4,605,813$188,324$60,155$4,854,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,178,025
Expenses per Audited Statements$4,854,292
Total Expenses per Form 990$4,854,292
Expenses Not Reported on Form 990$323,733
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$312,878
Fundraising Direct Expenses$100,564
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
A Night of Impa$312,878$312,878$100,564$212,314
Total Events$312,878$312,878$100,564$212,314
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the finance committee, which is directed by the board, before it is submitted.”

Form 990, Page 6, Part VI, Line 12C

“The organization requires a new conflict of interest policy from each board member at the august board meeting.”

Form 990, Page 6, Part VI, Line 15A

“Salaries for all employees of the foundation are reviewed and approved each year by the board of directors as part of the annual budget.”

Form 990, Page 6, Part VI, Line 15B

“Salaries for all employees of the foundation are reviewed and approved each year by the board of directors as part of the annual budget.”

Form 990, Page 6, Part VI, Line 19

“Governing document are availabe upon request”

Filing and Contact Details

Filer

Filer Name
The Foundation for Seminole County
EIN
59-2775956
Phone
4073200181
Address
400 E LAKE MARY BLVD, SANFORD, FL 32773

Signing Officer

Name
Jean Vansmith
Title
Executive Director
Phone
4073200184
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Vansmith
Formed
1986
Legal Domicile
Fl
Voting Board Members
23
Independent Board Members
23
Employees
11
Volunteers
550

Preparer

Firm
Moss Krusick & Associates LLC
Address
501 S NEW YORK AVE STE 100, WINTER PARK, FL 32789-4241
Preparer
W Ed Moss Jr
Phone
4076445811
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation enhances the quality of education in seminole county public schools and ensures that today's students become tomorrow's successdul, productive citizens. The foundation focuses on three funding initiatives for the school district: 1) programs that remove the barriers that keep kids from coming to school ready to learn 2) provide resouces in the classroom to enhance student performance and 3) support our high performing school district by recognizing and rewarding our top performing educators and support staff. Since inception the foundation has raised over 40 million to support our public school district.”

Form 990, Page 2, Part III, Line 4D

“Families in transition: families in transition was established to serve the educational needs of children in the seminole county school system who are considered homeless. These students "lack a fixed, regular and adequate residence; or have a primary nighttime residence that is temporary in nature; or is a place not designed or used originally as a regular sleeping accomodation for human beings." a school liason has been assigned to work with the district's elementary and secondary school, as well as the community, agencies and shelters in identifying homeless families with school-age children. Contact with the family and school is made and communication is established with the student's school, as well. Other includes many mini-grants and programs which provide educators as well as students with scholarships for further education.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation has been determined by the internal revenue service not to be a private foundation. There was no unrelated business income for the current year. Management has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported, and that no accruals for tax liabilities are necessary. Therefore, no reserves for uncertain income tax positions have been recorded.”

Raw XML AppendixShowing 400 of 574 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE FOUNDATION ENHANCES THE QUALITY OF EDUCATION IN SEMINOLE COUNTY PUBLIC SCHOOLS AND ENSURES THAT TODAY'S STUDENTS BECOME TOMORROW'S SUCCESSDUL, PRODUCTIVE CITIZENS. THE FOUNDATION FOCUSES ON THREE FUNDING INITIATIVES FOR THE SCHOOL DISTRICT: 1) PROGRAMS THAT REMOVE THE BARRIERS THAT KEEP KIDS FROM COMING TO SCHOOL READY TO LEARN 2) PROVIDE RESOUCES IN THE CLASSROOM TO ENHANCE STUDENT PERFORMANCE AND 3) SUPPORT OUR HIGH PERFORMING SCHOOL DISTRICT BY RECOGNIZING AND REWARDING OUR TOP PERFORMING EDUCATORS AND SUPPORT STAFF. SINCE INCEPTION THE FOUNDATION HAS RAISED OVER 40 MILLION TO SUPPORT OUR PUBLIC SCHOOL DISTRICT.
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IRS990/Desc0TOOLS 4 SEMINOLE SCHOOLS - SECURES DONATED CLASSROOM AND SCHOOL SUPPLIES THROUGHOUT THE SCHOOL YEAR. ALL TEACHERS AT 25 SCHOOLS - ONES WITH 60%+ STUDENTS ON FREE AND REDUCED MEALS - ARE ELIGIBLE TO SHOP MONTHLY. THE REMAINING 45 SCHOOLS ARE ELIGIBLE TO HAVE A DEDICATED REPRESENTATIVE SHOP FOR THE SCHOOL ONCE PER MONTH. APPROXIMATELY 1,996,530 IN PRODUCT WAS DISTRIBUTED TO SCHOOLS IN THE DISTRICT SO THAT STUDENTS COULD START THE YEAR ON THE RIGHT FOOT.
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IRS990/MissionDesc0THE FOUNDATION ENHANCES THE QUALITY OF EDUCATION IN SEMINOLE COUNTY PUBLIC SCHOOLS AND ENSURES THAT TODAY'S STUDENTS BECOME TOMORROW'S SUCCESSDUL, PRODUCTIVE CITIZENS. THE FOUNDATION FOCUSES ON THREE FUNDING INITIATIVES FOR THE SCHOOL DISTRICT: 1) PROGRAMS THAT REMOVE THE BARRIERS THAT KEEP KIDS FROM COMING TO SCHOOL READY TO LEARN 2) PROVIDE RESOUCES IN THE CLASSROOM TO ENHANCE STUDENT PERFORMANCE AND 3) SUPPORT OUR HIGH PERFORMING SCHOOL DISTRICT BY RECOGNIZING AND REWARDING OUR TOP PERFORMING EDUCATORS AND SUPPORT STAFF. SINCE INCEPTION THE FOUNDATION HAS RAISED OVER 40 MILLION TO SUPPORT OUR PUBLIC SCHOOL DISTRICT.
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