Hernando County Education Direct Support Organization Inc.

“Lisa becker linda prescott exec. Dir. Schl bd mbr business relationship”

“The 990 is reviewed by the executive committee and then by the general board at the first meeting once the foundation has received the final copy of the return. The 990 is then voted on by the board.”

“The board members are required annually to complete a conflict of interest form as provided by the organization.”

“The governing documents, policies and financial statements of the organization were available upon request.”

“The superintendent of the school board sits on the board of the education foundation along with several of the employees of the school. Three of these board members do not have voting rights and have not been listed as board members. The supported organization (school board) has a significant voice in directing the use of the education foundation's income or assets at all times during the tax year. This is exemplified in the following ways: the education foundation's board approves the budget on an annual basis, the school board formally approves and accepts the grants awarded to the school from the education foundation, and recognition events are held in honor of the school board's teachers, support staff and students.”

“Volunteers provide assistance with recognition events (teacher of the year, school related employee of the year, turnaround students), tools 4 schools teacher supply store, fundraising events and assistance in the office.”

“Organization added the take stock in children program. The take stock in children program provides a unique opportunity for low-income and at-risk students, many from minority families, to escape the cycle of poverty through education. This program offers students college scholarships, caring volunteer mentors, and hope for a better life.”

“Tools 4 schools teacher supply store - this program provides school supplies year round to teachers and students. The program allows teachers to shop for free for supplies for their classrooms and/or students in need. This program serves over 24 schools and reaches more than 23,000 students and 1,600 teachers. The tools 4 schools store is a physical store stocked through donations and donated funds. Operation cinderella boutique - this store is for students of low-income families who are looking for a good quality dress or suit for their high school or middle school dances. The boutique has received noncash contributions of 16 quality dresses and suits during the year. These dresses & suits are offered at no costs to the student or their family.”

“Expenses related to fundraising 19,116 fundraising expenses -19,116 adjustment to value of prior noncash donation -84,000 total -84,000”