Civic Intelligence

Pasco Education Foundation Inc.

990 • Fiscal year 2014 • EIN 59-3048717

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 14, 2015

7227 Land Olakes Blvd34638

(813) 794-2705

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$4,014,383

Up $226,764 (+6.0%) from 2013

Net Assets

Up

$4,005,224

Up $310,217 (+8.4%) from 2013

Liabilities

Down

$9,159

Down $83,453 (-90%) from 2013

Revenue And Expenses

Revenue

$1,148,104

No earlier filing loaded for comparison.

Expenses

Up

$848,311

Up $198,947 (+31%) from 2013

Net Income

$299,793

No earlier filing loaded for comparison.

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 2011: $3,769,539Liabilities 2011: $107,674Net Assets 2011: $3,661,8652011Assets 2012: $3,706,573Liabilities 2012: $82,606Net Assets 2012: $3,623,9672012Assets 2013: $3,787,619Liabilities 2013: $92,612Net Assets 2013: $3,695,0072013Assets 2014: $4,014,383Liabilities 2014: $9,159Net Assets 2014: $4,005,2242014Assets 2015: $4,236,736Liabilities 2015: $5,573Net Assets 2015: $4,231,1632015Assets 2016: $4,217,238Liabilities 2016: $322Net Assets 2016: $4,216,9162016Assets 2017: $4,606,036Liabilities 2017: $11,054Net Assets 2017: $4,594,9822017Assets 2018: $4,618,801Liabilities 2018: $11,369Net Assets 2018: $4,607,4322018Assets 2019: $4,422,329Liabilities 2019: $8,633Net Assets 2019: $4,413,6962019Assets 2020: $4,503,516Liabilities 2020: $100,268Net Assets 2020: $4,403,2482020Assets 2021: $5,080,523Liabilities 2021: $101,852Net Assets 2021: $4,978,6712021Assets 2022: $4,722,241Liabilities 2022: $3,397Net Assets 2022: $4,718,8442022Assets 2023: $5,167,274Liabilities 2023: $310Net Assets 2023: $5,166,9642023Assets 2024: $5,743,558Liabilities 2024: $6,620Net Assets 2024: $5,736,9382024Assets 2025: $6,146,534Liabilities 2025: $7,596Net Assets 2025: $6,138,9382025

Highlighted filing

2014

Assets$4,014,383
Liabilities$9,159
Net Assets$4,005,224

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $646,5322011Expenses 2012: $614,6792012Expenses 2013: $649,3642013Revenue 2014: $1,148,104Expenses 2014: $848,311Net Income 2014: $299,7932014Revenue 2015: $1,054,057Expenses 2015: $828,118Net Income 2015: $225,9392015Revenue 2016: $907,081Expenses 2016: $921,328Net Income 2016: -$14,2472016Revenue 2017: $1,394,716Expenses 2017: $1,018,675Net Income 2017: $376,0412017Revenue 2018: $1,322,156Expenses 2018: $1,309,706Net Income 2018: $12,4502018Revenue 2019: $1,179,971Expenses 2019: $1,373,707Net Income 2019: -$193,7362019Revenue 2020: $1,323,638Expenses 2020: $1,334,086Net Income 2020: -$10,4482020Revenue 2021: $1,848,916Expenses 2021: $1,273,493Net Income 2021: $575,4232021Revenue 2022: $871,038Expenses 2022: $1,130,865Net Income 2022: -$259,8272022Revenue 2023: $1,771,765Expenses 2023: $1,323,645Net Income 2023: $448,1202023Revenue 2024: $2,105,537Expenses 2024: $1,535,563Net Income 2024: $569,9742024Revenue 2025: $2,128,966Expenses 2025: $1,726,966Net Income 2025: $402,0002025

Highlighted filing

2014

Revenue$1,148,104
Expenses$848,311
Net Income$299,793
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 14, 2015
Return Version
2013v4.0
Gross Receipts
$1,188,285
Mission and Program Overview

Mission

The pasco education foundation advances student achievement and invests community resources to enrich educational opportunities for students and educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,808,057$2,119,036▲ $310,979
Prepaid Expenses and Deferred Charges$1,824,282$1,707,224▼ $117,058
Cash and Non-Interest-Bearing Accounts$151,354$188,123▲ $36,769
Accounts Receivable$3,925--
Total Assets$3,787,618$4,014,383▲ $226,765
Liabilities
Accounts Payable and Accrued Expenses$82,187$9,159▼ $73,028
Total Liabilities$82,187$9,159▼ $73,028
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,842,076$1,967,076▲ $125,000
Temporarily Rstr Net Assets$1,995,522$1,770,106▼ $225,416
Unrestricted Net Assets$-132,167$268,042▲ $400,209
Total Net Assets Fund Balance$3,705,431$4,005,224▲ $299,793
Total Liabilities and Net Assets / Fund Balance$3,787,618$4,014,383▲ $226,765
Compensation and Service Providers

Employees

NameTitleBaseTotal
Tom AvramisExecutive Di$47,295$47,295

Board Members and Trustees

NameTitle
Chip WrightChairman
Donna PrenticePast Chairma
Ardian ZikaVice Chair
Allen CrumbleyDirector
Darcey CherryDirector
David EstabrookDirector
David KeyDirector
Diane HeilerDirector
Eric JohnsonDirector
Jim HerringDirector
Kathryn StarkeyDirector
Kurt BrowningDirector
Larry StarnesDirector
Linda WardDirector
Michael AvadikianDirector
Patrick DenmarkDirector
Steve LuikartDirector
Tim HayesDirector
Stacey CapogrossoFy14 Executi
Louise EllrodSecretary
Michael StoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$837,620
Program Service Revenue
$0
Investment Income
$209,437
Other Revenue
$101,047
All Other Contributions
$837,620
Change in Net Assets
$299,793

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$42,214
Total Noncash Contributions1$42,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$380,125
Salaries, Compensation, and Employee Benefits$287,106
Other Expenses$181,080
Total Fundraising Expense$105,016
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$380,125--$380,125
Other Salaries and Wages$97,022$52,288$40,875$190,185
Payroll Taxes$22,530$16,916$10,180$49,626
Current Officers, Directors, Trustees, and Key Employees$24,120$12,770$10,405$47,295
All Other Expenses$15,035$12,629$2,608$30,272
Occupancy$5,392$11,679$926$17,997
Office Expenses$6,019$8,718$1,908$16,645
Other Expenses$9,958$1,472$2,529$13,959
Advertising$1,011$200$12,410$13,621
Conferences and Meetings$3,823$4,827$783$9,433
Insurance-$1,368$594$1,962
Total Functional Expenses$599,060$144,235$105,016$848,311
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$141,228
Fundraising Direct Expenses$40,181
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$141,228$141,228$40,181$101,047
Total Events$141,228$141,228$40,181$101,047
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
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

Subject to approval by the board of directors.

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

Approved by board of directors.

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

Periodic meetings with employees and directors to detail what constitutes conflicts of interest.

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

Executive director's salary is determined by board of directors.

Form 990, Page 6, Part VI, Line 19

Documents will be provided and made available to the public upon request.

Filing and Contact Details

Filer

EIN
59-3048717
Phone
8137942705

Signing Officer

Name
Stacey Capogrosso
Title
Executive Director
Phone
8137942705
Signed
2015-02-14
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
20
Independent Board Members
20
Employees
6

Preparer

Preparer
George M Stone
Phone
7278423180
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Certain amounts from fiscal year ended june 30, 2013 have been reclassified to conform to the fiscal year ended june 30, 2014 presentation, due to audited financial statements.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0101047
IRS990/NoncashContributionsAmt042214
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0926
IRS990/OccupancyGrp/ManagementAndGeneralAmt011679
IRS990/OccupancyGrp/ProgramServicesAmt05392
IRS990/OccupancyGrp/TotalAmt017997
IRS990/OfficeExpensesGrp/FundraisingAmt01908
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08718
IRS990/OfficeExpensesGrp/ProgramServicesAmt06019
IRS990/OfficeExpensesGrp/TotalAmt016645
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0AWARDS
IRS990/OtherExpensesGrp/Desc1FOOD AND BEVERAGE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt020094
IRS990/OtherExpensesGrp/FundraisingAmt11704
IRS990/OtherExpensesGrp/FundraisingAmt22529
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0680
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11065
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219623
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31472
IRS990/OtherExpensesGrp/ProgramServicesAmt011869
IRS990/OtherExpensesGrp/ProgramServicesAmt121656
IRS990/OtherExpensesGrp/ProgramServicesAmt2500
IRS990/OtherExpensesGrp/ProgramServicesAmt39958
IRS990/OtherExpensesGrp/TotalAmt032643
IRS990/OtherExpensesGrp/TotalAmt122721
IRS990/OtherExpensesGrp/TotalAmt221827
IRS990/OtherExpensesGrp/TotalAmt313959
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt040875
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052288
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097022
IRS990/OtherSalariesAndWagesGrp/TotalAmt0190185
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt010180
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016916
IRS990/PayrollTaxesGrp/ProgramServicesAmt022530
IRS990/PayrollTaxesGrp/TotalAmt049626
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01842076
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01967076
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01824282
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01707224
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0561100
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0285211
IRS990/PYInvestmentIncomeAmt085812
IRS990/PYOtherExpensesAmt0134731
IRS990/PYOtherRevenueAmt079903
IRS990/PYRevenuesLessExpensesAmt060652
IRS990/PYSalariesCompEmpBnftPaidAmt0246221
IRS990/PYTotalExpensesAmt0666163
IRS990/PYTotalRevenueAmt0726815
IRS990/ReconcilationRevenueExpnssAmt0299793
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0938667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0641003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0777452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0808491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0693085
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03858698
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0209437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085812
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0140738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt083050
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0541251
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0209437
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87700
IRS990ScheduleA/PublicSupportPY170Pct00.89610
IRS990ScheduleA/PublicSupportTotal170Amt03858698
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0938667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0641003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0777452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0808491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0693085
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03858698
IRS990ScheduleA/TotalSupportAmt04399949
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/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040181
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0141228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0141228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0141228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0141228
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0SPECIAL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0101047
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt040181
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt040181
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0380125
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST BASIS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SELECTION CRITERIA IS MAINTAINED BY A COMMITTEE REPRESENTED BY BOARD MEMBERS. SCHOLARSHIP RECIPIENTS MUST MEET SPECIFIC GUIDELINES TO BE AWARDED A SCHOLARSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt042214
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODIC MEETINGS WITH EMPLOYEES AND DIRECTORS TO DETAIL WHAT CONSTITUTES CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS WILL BE PROVIDED AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CERTAIN AMOUNTS FROM FISCAL YEAR ENDED JUNE 30, 2013 HAVE BEEN RECLASSIFIED TO CONFORM TO THE FISCAL YEAR ENDED JUNE 30, 2014 PRESENTATION, DUE TO AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.15$0.01$6.14$2.13$1.73$0.40
2024Detailed filing. Detailed filing data is available for this year.$5.74$0.01$5.74$2.11$1.54$0.57
2023Detailed filing. Detailed filing data is available for this year.$5.17$0.00$5.17$1.77$1.32$0.45
2022Detailed filing. Detailed filing data is available for this year.$4.72$0.00$4.72$0.87$1.13$0.26
2021Detailed filing. Detailed filing data is available for this year.$5.08$0.10$4.98$1.85$1.27$0.58
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.10$4.40$1.32$1.33$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.42$0.01$4.41$1.18$1.37$0.19
2018Detailed filing. Detailed filing data is available for this year.$4.62$0.01$4.61$1.32$1.31$0.01
2017Summary only. Only limited summary data is available for this year.$4.61$0.01$4.59$1.39$1.02$0.38
2016Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$0.91$0.92$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.24$0.01$4.23$1.05$0.83$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.01$0.01$4.01$1.15$0.85$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.09$3.70$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$0.08$3.62$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.11$3.66$0.65