Civic Intelligence

Florida Education Fund Inc.

990 • Fiscal year 2021 • EIN 59-2783821

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 13, 2021

201 E Kennedy Blvd No 1525Tampa, FL 33602

(813) 272-2772

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.08x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.38x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

72nd percentile

27%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

57th percentile

$276,596

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

83rd percentile

29%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

20%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$26,650,472

Up $6,044,722 (+29%) from 2020

Net Assets

Up

$24,575,487

Up $5,835,111 (+31%) from 2020

Liabilities

Up

$2,074,985

Up $209,611 (+11%) from 2020

Revenue

Up

$5,520,418

Up $917,265 (+20%) from 2020

Expenses

Down

$4,022,202

Down $126,767 (-3.1%) from 2020

Net Income

Up

$1,498,216

Up $1,044,032 (+230%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $14,794,545Liabilities 2011: $2,030,224Net Assets 2011: $12,764,3212011Assets 2012: $14,225,764Liabilities 2012: $1,879,593Net Assets 2012: $12,346,1712012Assets 2013: $14,677,870Liabilities 2013: $1,742,786Net Assets 2013: $12,935,0842013Assets 2014: $16,387,286Liabilities 2014: $1,934,767Net Assets 2014: $14,452,5192014Assets 2015: $16,534,498Liabilities 2015: $2,312,207Net Assets 2015: $14,222,2912015Assets 2016: $16,453,049Liabilities 2016: $2,336,621Net Assets 2016: $14,116,4282016Assets 2017: $17,774,537Liabilities 2017: $1,860,241Net Assets 2017: $15,914,2962017Assets 2018: $19,006,334Liabilities 2018: $2,380,005Net Assets 2018: $16,626,3292018Assets 2019: $20,216,641Liabilities 2019: $2,474,219Net Assets 2019: $17,742,4222019Assets 2020: $20,605,750Liabilities 2020: $1,865,374Net Assets 2020: $18,740,3762020Assets 2021: $26,650,472Liabilities 2021: $2,074,985Net Assets 2021: $24,575,4872021Assets 2022: $23,479,749Liabilities 2022: $1,570,084Net Assets 2022: $21,909,6652022Assets 2023: $26,667,726Liabilities 2023: $1,756,508Net Assets 2023: $24,911,2182023Assets 2024: $30,686,094Liabilities 2024: $1,613,458Net Assets 2024: $29,072,6362024Assets 2025: $34,925,689Liabilities 2025: $1,427,639Net Assets 2025: $33,498,0502025

Highlighted filing

2021

Assets$26,650,472
Liabilities$2,074,985
Net Assets$24,575,487

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $3,430,1192011Expenses 2012: $3,364,6962012Expenses 2013: $3,227,7462013Revenue 2014: $4,169,389Expenses 2014: $4,112,279Net Income 2014: $57,1102014Revenue 2015: $4,154,231Expenses 2015: $4,042,039Net Income 2015: $112,1922015Revenue 2016: $4,716,418Expenses 2016: $4,603,612Net Income 2016: $112,8062016Revenue 2017: $4,758,498Expenses 2017: $4,548,478Net Income 2017: $210,0202017Revenue 2018: $4,743,608Expenses 2018: $4,601,595Net Income 2018: $142,0132018Revenue 2019: $4,503,232Expenses 2019: $4,294,255Net Income 2019: $208,9772019Revenue 2020: $4,603,153Expenses 2020: $4,148,969Net Income 2020: $454,1842020Revenue 2021: $5,520,418Expenses 2021: $4,022,202Net Income 2021: $1,498,2162021Revenue 2022: $5,657,591Expenses 2022: $4,034,650Net Income 2022: $1,622,9412022Revenue 2023: $4,839,675Expenses 2023: $4,519,033Net Income 2023: $320,6422023Revenue 2024: $5,253,062Expenses 2024: $4,484,022Net Income 2024: $769,0402024Revenue 2025: $5,616,979Expenses 2025: $4,298,741Net Income 2025: $1,318,2382025

Highlighted filing

2021

Revenue$5,520,418
Expenses$4,022,202
Net Income$1,498,216
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 13, 2021
Return Version
2020v4.1
Gross Receipts
$15,720,521
Mission and Program Overview

Mission

To strengthen the larger community by developing and implementing programs, and services that lead to institutional enhancement and greater educational advancement for historically underrepresented groups.

To promote greater institutional and educational advancement for historically underrepresented groups

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,384,795$25,792,087▲ $5,407,292
Savings and Temporary Cash Investments$125,109$741,060▲ $615,951
Pledges and Grants Receivable$45,359$76,032▲ $30,673
Prepaid Expenses and Deferred Charges$7,975$7,732▼ $243
Land, Buildings, and Equipment, Net$2,288$19▼ $2,269
Total Assets$20,605,750$26,650,472▲ $6,044,722
Other Assets Total$40,224$33,542▼ $6,682
Liabilities
Accounts Payable and Accrued Expenses$844,742$1,178,288▲ $333,546
Deferred Revenue$958,656$896,697▼ $61,959
Unsecured Notes Loans Payable$61,976$0▼ $61,976
Total Liabilities$1,865,374$2,074,985▲ $209,611
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,720,376$24,532,087▲ $5,811,711
Net Assets With Donor Restrictions$20,000$43,400▲ $23,400
Total Net Assets Fund Balance$18,740,376$24,575,487▲ $5,835,111
Total Liabilities and Net Assets / Fund Balance$20,605,750$26,650,472▲ $6,044,722

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19$55,406$55,425
Other Land Buildings$0$21,048$21,048
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Lawrence MorehousePresident & CEOFT$202,355$74,241$276,596
Lyra LoganVP/general CounselFT$190,147$33,195$223,342
Omobola OluladeControllerFT$89,789$14,529$104,318
Revenue and Support

Revenue Composition

Contributions and Grants
$4,456,743
Program Service Revenue
$914
Investment Income
$1,059,904
Other Revenue
$2,857
All Other Contributions
$529,281
Change in Net Assets
$1,498,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,366,411
Revenue Not Reported on Financial Statements
$154,007
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,366,411
Total Revenue per Form 990
$5,520,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,419,373
Salaries, Compensation, and Employee Benefits$1,011,567
Other Expenses$591,262
Total Fundraising Expense$15,518
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,261,056--$2,261,056
Current Officers, Directors, Trustees, and Key Employees$318,097$255,268$6,656$580,021
Other Salaries and Wages$294,568$28,069$4,060$326,697
Fees for Services Other$69,758$118,129$300$188,187
Grants to Domestic Orgs$158,317--$158,317
Fees for Service Investment Mgmnt Fees-$154,007-$154,007
Occupancy$88,665$20,685$1,093$110,443
Office Expenses$65,488$11,823$1,566$78,877
Payroll Taxes$31,732$15,380$601$47,713
Other Employee Benefits$38,639$4,615$742$43,996
Fees for Services Accounting$29,112$7,370$369$36,851
Pension Plan Contributions$11,263$1,769$108$13,140
All Other Expenses-$8,021-$8,021
Travel$5,076$1,059-$6,135
Conferences and Meetings$4,541--$4,541
Depreciation Depletion$1,792$454$23$2,269
Advertising$1,407--$1,407
Interest$400$124-$524
Total Functional Expenses$3,379,911$626,773$15,518$4,022,202

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,022,202
Expenses per Audited Statements$3,868,195
Total Expenses per Audited Statements$3,868,195
Expenses Not Reported on Financial Statements$154,007
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
South Florida Center of ExcellenceMiami, FL501(c)(3)Same as Above$32,994
Atlantic Coast Center of ExcellenceFt Lauderdale, FL501(c)(3)To Motivate Elementary and Secondary Students to Prepare for College - See Form 990, Part Iii, Line 4b$24,438
Santa Fe Community College Center of ExcellenceGainesville, FL501(c)(3)Same as Above$22,021
University of Central Florida Center of ExcellenceOrlando, FL501(c)(3)Same as Above$19,271
Tallahassee Area Coalition Center of ExcellenceTallahassee, FL501(c)(3)Same as Above$16,442
Palm Beach County Center of ExcellenceWest Palm Beach, FL501(c)(3)Same as Above$15,035
Pasco-hernando Center of ExcellenceNew Port Richey, FL501(c)(3)Same as Above$11,426
North Florida Center of ExcellenceLake City, FL501(c)(3)Same as Above$9,498
St Petersburg College Center of ExcellenceLargo, FL501(c)(3)Same as Above$7,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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
Backup withholding compliance
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, Part VI, Section B, Line 11B

The federal form 990 is reviewed by the finance manager and the ceo prior to filing.

Form 990, Part VI, Section B, Line 12C

All officers, directors, and employees are required to disclose any conflicts of interest immediately upon discovery. Records are updated and maintained by the ceo on a continual basis.

Form 990, Part VI, Section B, Line 15

The finance committee meets on an annual basis to determine and approve the compensation of the organization's ceo based on cola and performance. Other employee compensation is determined by the ceo. The organization prepares a salary comparison to allow evaluation of each position with the average salary for similar jobs in the same industry.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Florida Education Fund Inc
EIN
59-2783821
Phone
8132722772
Address
201 E KENNEDY BLVD NO 1525, TAMPA, FL 33602

Signing Officer

Name
Dr Lawrence Morehouse
Title
President & CEO
Phone
8132722772
Signed
2021-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lawrence Morehouse
Formed
1984
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
20

Preparer

Firm
Cbiz Mhm LLC
Address
140 FOUNTAIN PKWY N STE 410, ST PETERSBURG, FL 33716
Preparer
Paul Dunham
Phone
7275721400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance manager is responsible for the oversight of the audit and selection of the independent certified public accountant. Once the audit is complete, the auditors present the audited statements to the finance committee. The committee reviews the audit report with the independent auditors. Once approved, the audited financial statements are presented to the board for final approval.

Financial Statement Notes

PART X, LINE 2:

Florida education fund, inc. Is generally exempt from federal income taxes on related income under section 501(a) of the internal revenue code as an organization described in section 501(c)(3).

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IRS990/GainOrLossGrp/SecuritiesAmt0692014
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt03927462
IRS990/GrantAmt02015656
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02261056
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02261056
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0158317
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0158317
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt010892117
IRS990/GrossReceiptsAmt015720521
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0124
IRS990/InterestGrp/ProgramServicesAmt0400
IRS990/InterestGrp/TotalAmt0524
IRS990/InvestmentIncomeGrp/ExclusionAmt0367890
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0367890
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020384795
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025792087
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt076454
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02288
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019
IRS990/LandBldgEquipCostOrOtherBssAmt076473
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010200103
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt02857
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt02857
IRS990/MissionDesc0TO STRENGTHEN THE LARGER COMMUNITY BY DEVELOPING AND IMPLEMENTING PROGRAMS AND SERVICES THAT LEAD TO INSTITUTIONAL ENHANCEMENT AND GREATER EDUCATIONAL ADVANCEMENT FOR HISTORICALLY UNDERREPRESENTED GROUPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018740376
IRS990/NetAssetsOrFundBalancesEOYAmt024575487
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0692014
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0692014
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04336895
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt018720376
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024532087
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01093
IRS990/OccupancyGrp/ManagementAndGeneralAmt020685
IRS990/OccupancyGrp/ProgramServicesAmt088665
IRS990/OccupancyGrp/TotalAmt0110443
IRS990/OfficeExpensesGrp/FundraisingAmt01566
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011823
IRS990/OfficeExpensesGrp/ProgramServicesAmt065488
IRS990/OfficeExpensesGrp/TotalAmt078877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040224
IRS990/OtherAssetsTotalGrp/EOYAmt033542
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0742
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04615
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038639
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043996
IRS990/OtherRevenueTotalAmt02857
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04060
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028069
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0294568
IRS990/OtherSalariesAndWagesGrp/TotalAmt0326697
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0601
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015380
IRS990/PayrollTaxesGrp/ProgramServicesAmt031732
IRS990/PayrollTaxesGrp/TotalAmt047713
IRS990/PensionPlanContributionsGrp/FundraisingAmt0108
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01769
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011263
IRS990/PensionPlanContributionsGrp/TotalAmt013140
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt045359
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt076032
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07975
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07732
IRS990/PrincipalOfficerNm0DR LAWRENCE MOREHOUSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL BRAIN BOWL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0914
IRS990/ProgSrvcAccomActy2Grp/Desc0CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE HISTORICALLY DISADVANTAGED MINORITY ELEMENTARY AND SECONDARY STUDENTS AND ULTIMATELY INCREASE THE POOL OF THESE 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 DISADVANTAGED 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 21,962 HIGH ACHIEVING STUDENTS INTO THE NATIONAL ACHIEVERS SOCIETY. APPROXIMATELY 21,317 STUDENTS HAVE COMPETED IN THE ANNUAL BRAIN BOWL SCHOLARSHIP COMPETITIONS. APPROXIMATELY 11,992 HAVE PARTICIPATED IN SAT PREPARATION AND/OR COMPUTER PROGRAMMING COURSES, AFTER SCHOOL PROGRAMS AND SUMMER CAMPS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0585237
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0163717
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0914
IRS990/ProgSrvcAccomActy3Grp/Desc0MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH BY UNDERREPRESENTED MINORITIES AND WOMEN. 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 249 JUNIOR FACULTY FELLOWSHIPS TO AFRICAN AMERICANS, WOMEN AND OTHER HISTORICALLY UNDERREPRESENTED MINORITIES. (CONTINUED ON SCHEDULE O)THIS INCLUDES NINE NEW JUNIOR FACULTY FELLOWSHIPS FOR THE 2021-2022 ACADEMIC YEAR. THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM ADVANCES FACULTY DIVERSITY WITHIN FLORIDA COLLEGES AND UNIVERSITIES. OF THE 249 FELLOWS AWARDED SINCE 1984, 83 HAVE OBTAINED TENURE OR PROMOTION OR HAVE EARNED DOCTORAL DEGREES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0253502
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0240000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04013460
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02308970
IRS990/PYInvestmentIncomeAmt0558902
IRS990/PYOtherExpensesAmt0829097
IRS990/PYOtherRevenueAmt0398
IRS990/PYProgramServiceRevenueAmt030393
IRS990/PYRevenuesLessExpensesAmt0454184
IRS990/PYSalariesCompEmpBnftPaidAmt01010902
IRS990/PYTotalExpensesAmt04148969
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04603153
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01498216
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125109
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0741060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04456743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04013460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03939727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03874922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04198691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020483543
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0367890
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0405286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0434060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0389563
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0379580
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01976379
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0194979
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85690
IRS990ScheduleA/PublicSupportPY170Pct00.85780
IRS990ScheduleA/PublicSupportTotal170Amt019245868
IRS990ScheduleA/SubstantialContributorsTotAmt01237675
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04456743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04013460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03939727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03874922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04198691
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020483543
IRS990ScheduleA/TotalSupportAmt022459922
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt087778
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt089362
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt091178
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt095020
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0363338
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0351110
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0357448
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0364713
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0380080
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt01453351
IRS990ScheduleC/GrassrootsCeilingAmt0545007
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt087778
IRS990ScheduleC/LobbyingCeilingAmt02180027
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0351110
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt04022202
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt04022202
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt019
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055406
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055425
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0154007
IRS990ScheduleD/ExpensesSubtotalAmt03868195
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0154007
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0154007
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021048
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021048
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0154007
IRS990ScheduleD/RevenueSubtotalAmt05366411
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FLORIDA EDUCATION FUND, INC. IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019
IRS990ScheduleD/TotalExpensesPerForm990Amt04022202
IRS990ScheduleD/TotalRevenuePerForm990Amt05520418
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05366411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03868195
IRS990ScheduleI/GrantRecordsMaintainedInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.9$1.43$33.5$5.62$4.30$1.32
2024Summary only. Only limited summary data is available for this year.$30.7$1.61$29.1$5.25$4.48$0.77
2023Summary only. Only limited summary data is available for this year.$26.7$1.76$24.9$4.84$4.52$0.32
2022Summary only. Only limited summary data is available for this year.$23.5$1.57$21.9$5.66$4.03$1.62
2021Detailed filing. Detailed filing data is available for this year.$26.7$2.07$24.6$5.52$4.02$1.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$1.87$18.7$4.60$4.15$0.45
2019Summary only. Only limited summary data is available for this year.$20.2$2.47$17.7$4.50$4.29$0.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$2.38$16.6$4.74$4.60$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$1.86$15.9$4.76$4.55$0.21
2016Detailed filing. Detailed filing data is available for this year.$16.5$2.34$14.1$4.72$4.60$0.11
2015Detailed filing. Detailed filing data is available for this year.$16.5$2.31$14.2$4.15$4.04$0.11
2014Detailed filing. Detailed filing data is available for this year.$16.4$1.93$14.5$4.17$4.11$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$1.74$12.9$3.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$1.88$12.3$3.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$2.03$12.8$3.43