Civic Intelligence

Brevard Schools Foundation Inc.

990 • Fiscal year 2019 • EIN 59-2895155

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

2700 Judge Fran Jamieson WayViera, FL 32940-6601

(321) 633-1000

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.05x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$115,666

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

40th percentile

0.7%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-3.6%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,517,098

Up $39,215 (+0.7%) from 2018

Net Assets

Up

$5,379,487

Up $6,424 (+0.1%) from 2018

Liabilities

Up

$137,611

Up $32,791 (+31%) from 2018

Revenue

Down

$2,975,040

Down $110,592 (-3.6%) from 2018

Expenses

Up

$2,914,613

Up $138,297 (+5.0%) from 2018

Net Income

Down

$60,427

Down $248,889 (-80%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,826,779Liabilities 2010: $47,296Net Assets 2010: $2,779,4832010Assets 2011: $2,943,681Liabilities 2011: $59,515Net Assets 2011: $2,884,1662011Assets 2012: $2,950,237Liabilities 2012: $81,024Net Assets 2012: $2,869,2132012Assets 2013: $3,085,928Liabilities 2013: $92,392Net Assets 2013: $2,993,5362013Assets 2014: $3,656,200Liabilities 2014: $155,617Net Assets 2014: $3,500,5832014Assets 2015: $3,846,807Liabilities 2015: $76,673Net Assets 2015: $3,770,1342015Assets 2016: $4,379,510Liabilities 2016: $71,904Net Assets 2016: $4,307,6062016Assets 2017: $5,158,281Liabilities 2017: $67,272Net Assets 2017: $5,091,0092017Assets 2018: $5,477,883Liabilities 2018: $104,820Net Assets 2018: $5,373,0632018Assets 2019: $5,517,098Liabilities 2019: $137,611Net Assets 2019: $5,379,4872019Assets 2020: $5,615,688Liabilities 2020: $245,456Net Assets 2020: $5,370,2322020Assets 2021: $5,984,642Liabilities 2021: $154,867Net Assets 2021: $5,829,7752021Assets 2022: $7,221,686Liabilities 2022: $160,925Net Assets 2022: $7,060,7612022Assets 2023: $7,189,537Liabilities 2023: $154,018Net Assets 2023: $7,035,5192023Assets 2024: $7,750,761Liabilities 2024: $383,278Net Assets 2024: $7,367,4832024Assets 2025: $7,654,617Liabilities 2025: $170,227Net Assets 2025: $7,484,3902025

Highlighted filing

2019

Assets$5,517,098
Liabilities$137,611
Net Assets$5,379,487

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,068,2672010Expenses 2011: $1,900,3872011Expenses 2012: $1,827,3532012Expenses 2013: $1,988,8122013Revenue 2014: $2,668,812Expenses 2014: $2,231,083Net Income 2014: $437,7292014Revenue 2015: $2,563,076Expenses 2015: $2,240,594Net Income 2015: $322,4822015Revenue 2016: $3,287,500Expenses 2016: $2,684,008Net Income 2016: $603,4922016Revenue 2017: $3,135,668Expenses 2017: $2,432,685Net Income 2017: $702,9832017Revenue 2018: $3,085,632Expenses 2018: $2,776,316Net Income 2018: $309,3162018Revenue 2019: $2,975,040Expenses 2019: $2,914,613Net Income 2019: $60,4272019Revenue 2020: $2,888,529Expenses 2020: $2,833,241Net Income 2020: $55,2882020Revenue 2021: $4,150,355Expenses 2021: $4,071,065Net Income 2021: $79,2902021Revenue 2022: $4,889,607Expenses 2022: $4,691,043Net Income 2022: $198,5642022Revenue 2023: $3,630,421Expenses 2023: $3,475,399Net Income 2023: $155,0222023Revenue 2024: $4,513,548Expenses 2024: $3,988,232Net Income 2024: $525,3162024Revenue 2025: $4,123,116Expenses 2025: $3,996,353Net Income 2025: $126,7632025

Highlighted filing

2019

Revenue$2,975,040
Expenses$2,914,613
Net Income$60,427
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.2
Gross Receipts
$3,040,350
Mission and Program Overview

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.

Brevard schools foundation fills educational funding and opportunity gaps at all of brevard county's 83 public schools for 75,000 students and 5,000 teachers by supporting innovation, engaging communities and changing lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,819,885$2,122,582▲ $302,697
Savings and Temporary Cash Investments$685,079$523,006▼ $162,073
Pledges and Grants Receivable$157,710$189,133▲ $31,423
Inventories for Sale or Use$242,627$181,296▼ $61,331
Cash and Non-Interest-Bearing Accounts$47,747$38,964▼ $8,783
Accounts Receivable$45,062$29,670▼ $15,392
Prepaid Expenses and Deferred Charges$14,849$11,572▼ $3,277
Total Assets$5,477,883$5,517,098▲ $39,215
Other Assets Total$2,464,924$2,420,875▼ $44,049
Liabilities
Accounts Payable and Accrued Expenses$104,820$137,611▲ $32,791
Total Liabilities$104,820$137,611▲ $32,791
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,369,940$4,843,365▲ $473,425
Unrestricted Net Assets$503,002$536,122▲ $33,120
Permanently Rstr Net Assets$500,121--
Total Net Assets Fund Balance$5,373,063$5,379,487▲ $6,424
Total Liabilities and Net Assets / Fund Balance$5,477,883$5,517,098▲ $39,215

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$21,700$21,700
Equipment-$2,706$2,706
Other Assets Org$2,420,875--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$979,663$18,302▲ $23,122$5,902$1,004,737
2017$821,919$134,012▲ $44,235$15,003$979,663
2016$746,159$23,566▲ $64,303$7,609$821,919
2015$750,890$27,021▼ $15,795$12,787$746,159
2014$741,570$42,422▼ $6,665$12,335$750,890
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janice KershawPresident/ceFT$103,549$12,117$115,666

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,844,077
Program Service Revenue
$0
Investment Income
$100,778
Other Revenue
$30,185
All Other Contributions
$2,183,285
Change in Net Assets
$60,427

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table167$205,205Market Value
Other Non Cash Contri Table7$139,608Market Value
Cars and Other Vehicles2$2,532Market Value
Total Noncash Contributions176$347,345-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,975,040
Revenue Not Reported on Form 990
$150,818
Total Revenue per Audited Statements
$3,125,858
Total Revenue per Form 990
$2,975,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,570,774
Other Expenses$823,753
Salaries, Compensation, and Employee Benefits$520,086
Total Fundraising Expense$78,051
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,130,147--$1,130,147
Office Expenses$516,319$19,069$40,721$576,109
Grants to Domestic Individuals$440,627--$440,627
Other Salaries and Wages$96,222$209,573$11,330$317,125
Current Officers, Directors, Trustees, and Key Employees$88,700$11,826$17,740$118,266
Travel$78,795$3,529$1,297$83,621
Other Employee Benefits$18,781$22,486$2,952$44,219
Fees for Services Other$38,481$1,200-$39,681
Payroll Taxes$13,738$16,448$2,160$32,346
Fees for Services Accounting-$21,625-$21,625
Information Technology-$17,796$1,308$19,104
Other Expenses$12,357$3,985-$16,342
Pension Plan Contributions$3,453$4,134$543$8,130
Total Functional Expenses$2,504,891$331,671$78,051$2,914,613

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,119,434
Expenses per Audited Statements$2,914,613
Total Expenses per Form 990$2,914,613
Expenses Not Reported on Form 990$204,821
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
School Board of Brevard County FlViera, FL-Support Brev Schools$1,077,086
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,899
Fundraising Direct Expenses$55,714
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tsic Gala$125,657$19,077-$19,077
Abc Awards$121,334$7,300-$7,300
Total Events$399,888$85,899$55,714$30,185
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

Per state statute, the board of directors of the organization is approved by the district school board.

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

A draft of the form 990 is provided to all board members prior to filing. The draft form 990 is reviewed by the treasurer, the president and the accountant at a finance committee meeting with the return preparer and approved before filing.

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

Any violations of the conflict of interest policy are handled by the executive committee of the board of directors.

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

This past year, the board of directors only approved cost of living adjustments for the president and all staff members. As needed, the finance committee conducts a pay comparability study using the central florida nonprofit compensation and benefits report as a basis with the board's strategic goal of compensating the president and all staff members at no less than the 75th percentile. Approval of the salaries was included in the finance committee discussion of the budget, which was approved by the board of directors.

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

The process described above for compensation of the president also included consideration of the compensation for all other staff positions.

Form 990, Page 6, Part VI, Line 19

The foundation's organizing documents, conflict of interest policy and financial statements are available to the public at its office upon request.

Form 990, Part VII

Bsf has 3 ex-officio members of the board of directors, without voting privileges. At june 30, 2019, they were: mark mullins, superintendent of brevard public schools, cheryl mcdougall, school board liaison, and jane araguez, teacher of the year.

Filing and Contact Details

Filer

Filer Name
Brevard Schools Foundation Inc
EIN
59-2895155
Phone
3216331000
Address
2700 JUDGE FRAN JAMIESON WAY, VIERA, FL 32940-6601

Signing Officer

Name
Janice Kershaw
Title
President/CEO
Phone
3216311000
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janice Kershaw
Formed
1987
Legal Domicile
Fl
Voting Board Members
19
Independent Board Members
19
Employees
13
Volunteers
901

Preparer

Firm
Lark Janes CPA LLC
Address
100 RIALTO PLACE STE 720, MELBOURNE, FL 32901-3002
Preparer
Lark Janes
Phone
3215411264
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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. Ranked nationally for its support of public education, the foundation has provided more than 53 million in benefit since 1987.

Form 990, Page 1, Part I, Line 6

Volunteers are made up of 22 board members, 160 volunteers for office and classroom grant & scholarship reviewers, 40 special events volunteers, 13 take stock in children (tsic) leadership council, 190 tsic mentors, 76 tsic events volunteers, and 400 supply zone/back to school volunteers.

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

Classroom study grants - 29 awarded classroom grants are awarded each semester in a competitive application process to support strategic initiatives and programs in support of improving student achievement and teaching quality. Classroom awards up to 500 or grade-level/schoolwide awards up to 1,500 encourage teachers to bring their innovative and creative projects to the classroom in areas of need where school budgets fall short or tax dollars cannot be used. The classroom grant program engages communities, allowing donors the opportunity to support the focus area that best matches their interest. Teacher appreciation critical needs grants - 25 awarded boeing critical needs grants - 13 awarded

Form 990, Part XI, Line 9

Special events expenses 55,714 special events expenses -55,714

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation holds 368,274 in board-designated reserve funds; 559,350 in donor-restricted funds for scholarships, and 77,113 in donor-restricted funds for the supply zone school store.

Schedule D, Page 4, Part XI, Line 2D

Special events expenses 55,714

Schedule D, Page 4, Part XII, Line 2D

Special events expenses 55,714

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0BREVARD 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. RANKED NATIONALLY FOR ITS SUPPORT OF PUBLIC EDUCATION, THE FOUNDATION HAS PROVIDED MORE THAN 53 MILLION IN BENEFIT SINCE 1987.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPLY ZONE FOR TEACHERS ESTABLISHED IN 2014, THE SUPPLY ZONE FOR TEACHERS IS A RESOURCE CENTER THAT ENGAGES COMMUNITIES THROUGH SUPPLY DRIVES AND FUNDRAISING TO PROVIDE FREE SCHOOL SUPPLIES FOR TEACHERS TO USE IN THE CLASSROOM. 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 NECESSITIES 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 3 MILLION IN FREE SUPPLIES SINCE INCEPTION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS AND STUDENT AWARDS - 118 AWARDED SCHOLARSHIPS CHANGE LIVES BY HELPING STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS AND DREAMS BY MAKING COLLEGE MORE AFFORDABLE AND ACCESSIBLE. SCHOLARSHIPS MAY BE EITHER MERIT OR NEED BASED DEPENDING ON THE PARTICULAR AWARDS CRITERIA. THEY ARE AWARDED THROUGH THE FOUNDATIONS SCHOLARSHIPS FOR GRADUATING SENIORS PROGRAM, OR THE FOUNDATION'S TAKE STOCK IN CHILDREN (TSIC) DROP-OUT PREVENTION PROGRAM FOR INCOME ELIGIBLE STUDENTS WHO MET TSIC REQUIREMENTS. THE FOUNDATION MANAGES THE PROGRAMS TO ENSURE STUDENT ELIGIBILITY WITH THE INSTITUTIONS OF HIGHER EDUCATION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0CLASSROOM STUDY GRANTS - 29 AWARDED CLASSROOM GRANTS ARE AWARDED EACH SEMESTER IN A COMPETITIVE APPLICATION PROCESS TO SUPPORT STRATEGIC INITIATIVES AND PROGRAMS IN SUPPORT OF IMPROVING STUDENT ACHIEVEMENT AND TEACHING QUALITY. CLASSROOM AWARDS UP TO 500 OR GRADE-LEVEL/SCHOOLWIDE AWARDS UP TO 1,500 ENCOURAGE TEACHERS TO BRING THEIR INNOVATIVE AND CREATIVE PROJECTS TO THE CLASSROOM IN AREAS OF NEED WHERE SCHOOL BUDGETS FALL SHORT OR TAX DOLLARS CANNOT BE USED. THE CLASSROOM GRANT PROGRAM ENGAGES COMMUNITIES, ALLOWING DONORS THE OPPORTUNITY TO SUPPORT THE FOCUS AREA THAT BEST MATCHES THEIR INTEREST. TEACHER APPRECIATION CRITICAL NEEDS GRANTS - 25 AWARDED BOEING CRITICAL NEEDS GRANTS - 13 AWARDED
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.65$0.17$7.48$4.12$4.00$0.13
2024Detailed filing. Detailed filing data is available for this year.$7.75$0.38$7.37$4.51$3.99$0.53
2023Detailed filing. Detailed filing data is available for this year.$7.19$0.15$7.04$3.63$3.48$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.22$0.16$7.06$4.89$4.69$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$0.15$5.83$4.15$4.07$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.62$0.25$5.37$2.89$2.83$0.06
2019Detailed filing. Detailed filing data is available for this year.$5.52$0.14$5.38$2.98$2.91$0.06
2018Detailed filing. Detailed filing data is available for this year.$5.48$0.10$5.37$3.09$2.78$0.31
2017Detailed filing. Detailed filing data is available for this year.$5.16$0.07$5.09$3.14$2.43$0.70
2016Detailed filing. Detailed filing data is available for this year.$4.38$0.07$4.31$3.29$2.68$0.60
2015Detailed filing. Detailed filing data is available for this year.$3.85$0.08$3.77$2.56$2.24$0.32
2014Detailed filing. Detailed filing data is available for this year.$3.66$0.16$3.50$2.67$2.23$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.09$2.99$1.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.08$2.87$1.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.06$2.88$1.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.05$2.78$2.07