Civic Intelligence

The Foundation for Osceola Education Inc.

990 • Fiscal year 2020 • EIN 59-2960396

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 19, 2021

2310 New Beginnings Road Suite 118Kissimmee, FL 34744

(407) 870-4855

Siviq Scores

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

Liabilities / Assets

85th percentile

0.78x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.54x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

55th percentile

5.7%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

12th percentile

$100,541

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

1st percentile

-27%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

2.2%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$16,559,688

Down $6,078,697 (-27%) from 2019

Net Assets

Up

$3,699,862

Up $1,363,397 (+58%) from 2019

Liabilities

Down

$12,859,826

Down $7,442,094 (-37%) from 2019

Revenue

Up

$23,728,368

Up $502,291 (+2.2%) from 2019

Expenses

Up

$22,364,971

Up $417,934 (+1.9%) from 2019

Net Income

Up

$1,363,397

Up $84,357 (+6.6%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $23,068,279Liabilities 2011: $18,571,829Net Assets 2011: $4,496,4502011Assets 2012: $22,644,712Liabilities 2012: $17,730,601Net Assets 2012: $4,914,1112012Assets 2013: $22,732,554Liabilities 2013: $17,143,529Net Assets 2013: $5,589,0252013Assets 2014: $22,902,460Liabilities 2014: $17,204,119Net Assets 2014: $5,698,3412014Assets 2015: $22,855,675Liabilities 2015: $20,354,235Net Assets 2015: $2,501,4402015Assets 2016: $22,010,455Liabilities 2016: $19,783,132Net Assets 2016: $2,227,3232016Assets 2017: $21,626,419Liabilities 2017: $19,116,158Net Assets 2017: $2,510,2612017Assets 2018: $21,261,650Liabilities 2018: $20,204,225Net Assets 2018: $1,057,4252018Assets 2019: $22,638,385Liabilities 2019: $20,301,920Net Assets 2019: $2,336,4652019Assets 2020: $16,559,688Liabilities 2020: $12,859,826Net Assets 2020: $3,699,8622020Assets 2021: $17,772,973Liabilities 2021: $13,710,780Net Assets 2021: $4,062,1932021Assets 2022: $17,231,201Liabilities 2022: $12,736,001Net Assets 2022: $4,495,2002022Assets 2023: $18,492,669Liabilities 2023: $12,791,312Net Assets 2023: $5,701,3572023Assets 2025: $16,618,449Liabilities 2025: $8,868,817Net Assets 2025: $7,749,6322025

Highlighted filing

2020

Assets$16,559,688
Liabilities$12,859,826
Net Assets$3,699,862

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $20,557,975Expenses 2011: $19,808,366Net Income 2011: $749,6092011Revenue 2012: $20,021,454Expenses 2012: $19,603,793Net Income 2012: $417,6612012Revenue 2013: $20,290,719Expenses 2013: $19,615,805Net Income 2013: $674,9142013Revenue 2014: $22,036,478Expenses 2014: $21,927,162Net Income 2014: $109,3162014Revenue 2015: $20,640,380Expenses 2015: $19,906,635Net Income 2015: $733,7452015Revenue 2016: $21,672,073Expenses 2016: $21,946,190Net Income 2016: -$274,1172016Revenue 2017: $21,351,548Expenses 2017: $21,068,610Net Income 2017: $282,9382017Revenue 2018: $20,355,721Expenses 2018: $21,446,368Net Income 2018: -$1,090,6472018Revenue 2019: $23,226,077Expenses 2019: $21,947,037Net Income 2019: $1,279,0402019Revenue 2020: $23,728,368Expenses 2020: $22,364,971Net Income 2020: $1,363,3972020Revenue 2021: $18,217,946Expenses 2021: $17,855,615Net Income 2021: $362,3312021Revenue 2022: $18,787,939Expenses 2022: $18,067,717Net Income 2022: $720,2222022Revenue 2023: $22,780,540Expenses 2023: $21,574,383Net Income 2023: $1,206,1572023Revenue 2025: $24,224,282Expenses 2025: $22,054,547Net Income 2025: $2,169,7352025

Highlighted filing

2020

Revenue$23,728,368
Expenses$22,364,971
Net Income$1,363,397
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 19, 2021
Return Version
2019v5.0
Gross Receipts
$33,550,020
Mission and Program Overview

Mission

Enhance public education for osceola county schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,082,645$5,287,678▼ $4,794,967
Cash and Non-Interest-Bearing Accounts$5,501,975$4,399,973▼ $1,102,002
Investments in Publicly Traded Securities$2,111,697$4,040,883▲ $1,929,186
Savings and Temporary Cash Investments$3,036,343$1,619,639▼ $1,416,704
Prepaid Expenses and Deferred Charges$47,394$40,864▼ $6,530
Accounts Receivable$23,345$38,095▲ $14,750
Total Assets$22,638,385$16,559,688▼ $6,078,697
Other Assets Total$1,834,986$1,132,556▼ $702,430
Liabilities
Other Liabilities$10,635,943$8,162,485▼ $2,473,458
Tax Exempt Bond Liabilities$9,080,000$4,285,000▼ $4,795,000
Accounts Payable and Accrued Expenses$585,977$412,341▼ $173,636
Total Liabilities$20,301,920$12,859,826▼ $7,442,094
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,895,308$2,511,788▲ $616,480
Net Assets Without Donor Restrictions$441,157$1,188,074▲ $746,917
Total Net Assets Fund Balance$2,336,465$3,699,862▲ $1,363,397
Total Liabilities and Net Assets / Fund Balance$22,638,385$16,559,688▼ $6,078,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,937,736$5,610,478$10,548,214
Other Land Buildings$111,722$1,616,295$1,728,017
Land$238,220-$238,220
Other Assets Org$19,731--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fred Hawkins JrPresident-$100,541$100,541
Kerry AveryExec. DirectorFT$86,679$86,679

Board Members and Trustees

NameTitle
John GebhardtChairman
Jeff MockVice Chair
Angela EadyBoard Member
Apryle JacksonBoard Member
Benjamin GrayBoard Member
Brian PrebendaBoard Member
Bruce VickersBoard Member
Catherine AtwoodBoard Member
Cynthia JonesBoard Member
Dave AskewBoard Member
Debbie FahmieBoard Member
Deborah LaughonBoard Member
Don ShearerBoard Member
Dr Anitza San MiguelBoard Member
Dr Debra PaceBoard Member
Dr Wade DavisBoard Member
Frank KruppenbacherBoard Member
Jane WheelerBoard Member
John LammBoard Member
Kay WhiteBoard Member
Kelly TraceBoard Member
Ken SmithBoard Member
Marc ClinchBoard Member
Mark ShamleyBoard Member
Nora Rodriguez-pattersonBoard Member
Richard PengellyBoard Member
Suzanna FernandezBoard Member
Terry CastilloBoard Member
Tom TompkinsBoard Member
Kathy PiersonFinance
Revenue and Support

Revenue Composition

Contributions and Grants
$21,934,290
Program Service Revenue
$834,057
Investment Income
$835,919
Other Revenue
$124,102
All Other Contributions
$4,076,157
Change in Net Assets
$1,363,397

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 Table1$510,354Fair Market Value (FMV)
Total Noncash Contributions1$510,354-

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,728,368
Revenue Not Reported on Form 990
$238,833
Total Revenue per Audited Statements
$23,967,201
Total Revenue per Form 990
$23,728,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,976,871
Salaries, Compensation, and Employee Benefits$765,900
Grants and Similar Amounts Paid$622,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$5,384,286$12,738-$5,397,024
Other Expenses$861,146--$861,146
Grants to Domestic Individuals$622,200--$622,200
Other Salaries and Wages$370,440$129,628-$500,068
Interest$489,104--$489,104
Depreciation Depletion$275,399--$275,399
Current Officers, Directors, Trustees, and Key Employees$149,776$37,444-$187,220
Payroll Taxes$48,566$12,141-$60,707
Fees for Services Accounting$24,750--$24,750
Insurance-$20,892-$20,892
Pension Plan Contributions$14,324$3,581-$17,905
Office Expenses$9,231--$9,231
Travel$3,810--$3,810
Total Functional Expenses$22,148,547$216,424$0$22,364,971

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$22,603,804
Expenses per Audited Statements$22,364,971
Total Expenses per Form 990$22,364,971
Expenses Not Reported on Form 990$238,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$214,866
Fundraising Direct Expenses$90,764
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$124,902$124,902$33,829$91,073
Battle of the B$57,613$57,613$48,898$8,715
Total Events$214,866$214,866$89,151$125,715
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$5,551,375
Taxable Bonds$1,443,954
Due to Other Agencies$1,232,304
Due to Mgmt Company$368,710
Due to Other Funds$206,392
Other Liabilities$85,091
Accruied Interest$83,635
Due to Other School$46,250
Deferred Inflows, Net Pension Liab.$-855,226

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Dev Rev Refunding Bond-$9,145,000CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,145,000--$63,492

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organizaion utilized charter management company for school management

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

The form 990 will be reviewed and approved by the finance committee and then presented to the board of directors for review and final approval.

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

Various committees of the foundation for osceola monitor potential conflicts. Board members are required to provide annual disclosures to the organization.

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

The foundation of osceola requires board review and approval for compensation of the executive director of the organization.

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

The foundation of osceola requires board review and approval for compensation of the president of the organization.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Foundation for Osceola
EIN
59-2960396
Phone
4078704855
Address
2310 NEW BEGINNINGS ROAD SUITE 118, KISSIMMEE, FL 34744

Signing Officer

Name
Kerry Avery
Title
Exec. Director
Phone
4078704855
Signed
2021-01-19

Organization Details

Principal Officer
Fred Hawkins Jr
Formed
1987
Legal Domicile
Fl
Voting Board Members
30
Independent Board Members
30
Employees
24
Volunteers
867

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, Page 2, Part III, Line 4D

Other program services include: -take stock in children -bookmark buddies -medical pipeline -construction pipeline -enhancement grants

Form 990, Part IX, Line 24E

Fiscal services 856,637 0 0 maintenance of plant 835,708 0 0 facilities 734,185 0 0 in-kind 510,354 0 0 other pupil services 426,823 0 0 exceptional instruction 394,904 0 0 transporation 379,572 0 0 fixed capital outlay 201,693 0 0 intructional related tech 188,405 0 0 guidance services 143,766 0 0 professional support 135,567 0 0 curriculum development 119,763 0 0 instructional media 93,594 0 0 community services 90,115 0 0 instructional staff train 70,409 0 0 board of directors 66,456 0 0 staff development 45,799 0 0 health services 41,297 0 0 repairs & maint 14,625 0 0 misc 13,569 0 0 central services 13,218 0 0 bank charges 0 7,893 0 staff services 7,329 0 0 dues & subscriptions 0 4,375 0 food services 498 0 0 license fees 0 470 0 total 5,384,286 12,738 0

Form 990, Part XI, Line 9

Direct expenses - part viii, line 8b 90,764 direct expenses - part viii, line 8b -90,764

Financial Statement Notes

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

Direct expenses - part viii, line 8b 90,764

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

Direct expenses - part viii, line 8b 90,764

Raw XML AppendixShowing 400 of 729 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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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.$16.6$8.87$7.75$24.2$22.1$2.17
2023Summary only. Only limited summary data is available for this year.$18.5$12.8$5.70$22.8$21.6$1.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$12.7$4.50$18.8$18.1$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$13.7$4.06$18.2$17.9$0.36
2020Detailed filing. Detailed filing data is available for this year.$16.6$12.9$3.70$23.7$22.4$1.36
2019Summary only. Only limited summary data is available for this year.$22.6$20.3$2.34$23.2$21.9$1.28
2018Summary only. Only limited summary data is available for this year.$21.3$20.2$1.06$20.4$21.4$1.09
2017Summary only. Only limited summary data is available for this year.$21.6$19.1$2.51$21.4$21.1$0.28
2016Summary only. Only limited summary data is available for this year.$22.0$19.8$2.23$21.7$21.9$0.27
2015Summary only. Only limited summary data is available for this year.$22.9$20.4$2.50$20.6$19.9$0.73
2014Summary only. Only limited summary data is available for this year.$22.9$17.2$5.70$22.0$21.9$0.11
2013Summary only. Only limited summary data is available for this year.$22.7$17.1$5.59$20.3$19.6$0.67
2012Summary only. Only limited summary data is available for this year.$22.6$17.7$4.91$20.0$19.6$0.42
2011Summary only. Only limited summary data is available for this year.$23.1$18.6$4.50$20.6$19.8$0.75
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $25M-$50M nonprofits