Civic Intelligence

Pasco Education Foundation Inc.

990 • Fiscal year 2018 • EIN 59-3048717

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 04, 2018

7227 Land Olakes BlvdLand Olakes, FL 34638

(813) 794-2705

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$82,304

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-5.2%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,618,801

Up $12,765 (+0.3%) from 2017

Net Assets

Up

$4,607,432

Up $12,450 (+0.3%) from 2017

Liabilities

Up

$11,369

Up $315 (+2.8%) from 2017

Revenue

Down

$1,322,156

Down $72,560 (-5.2%) from 2017

Expenses

Up

$1,309,706

Up $291,031 (+29%) from 2017

Net Income

Down

$12,450

Down $363,591 (-97%) from 2017

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

2018

Assets$4,618,801
Liabilities$11,369
Net Assets$4,607,432

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

2018

Revenue$1,322,156
Expenses$1,309,706
Net Income$12,450
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 4, 2018
Return Version
2017v2.3
Gross Receipts
$1,414,301
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$2,412,690$2,799,275▲ $386,585
Prepaid Expenses and Deferred Charges$1,785,012$1,646,943▼ $138,069
Cash and Non-Interest-Bearing Accounts$351,472$117,476▼ $233,996
Intangible Assets$33,012$29,090▼ $3,922
Accounts Receivable$23,850$26,017▲ $2,167
Total Assets$4,606,036$4,618,801▲ $12,765
Liabilities
Accounts Payable and Accrued Expenses$11,054$11,369▲ $315
Total Liabilities$11,054$11,369▲ $315
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,027,076$2,102,076▲ $75,000
Temporarily Rstr Net Assets$2,114,116$2,060,950▼ $53,166
Unrestricted Net Assets$453,790$444,406▼ $9,384
Total Net Assets Fund Balance$4,594,982$4,607,432▲ $12,450
Total Liabilities and Net Assets / Fund Balance$4,606,036$4,618,801▲ $12,765

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,027,076$75,000--$2,102,076
2016$2,002,076$25,000--$2,027,076
2015$1,967,076$35,000--$2,002,076
Compensation and Service Providers

Employees

NameTitleBaseTotal
Stacey CapogrossoExecutive Di$82,304$82,304

Board Members and Trustees

NameTitle
Louise EllrodChair
Chip WrightPast Chairma
Eric JohnsonVice Chair
Alison CrumbleyDirector
Allen CrumbleyDirector
Bill CroninDirector
Darcey CherryDirector
David EstabrookDirector
David KeyDirector
Derek ZabelDirector
Diane HeilerDirector
Donna PrenticeDirector
KEVIN O'FARRELLDirector
Kurt BrowningDirector
Lindsay MooreDirector
Michael AvadikianDirector
Tim HayesDirector
Kathryn FarrellSecretary
Michael StoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$903,676
Program Service Revenue
$0
Investment Income
$171,166
Other Revenue
$247,314
All Other Contributions
$903,676
Change in Net Assets
$12,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,322,156
Revenue Not Reported on Form 990
$26,049
Total Revenue per Audited Statements
$1,348,205
Total Revenue per Form 990
$1,322,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$770,229
Salaries, Compensation, and Employee Benefits$403,360
Other Expenses$136,117
Total Fundraising Expense$68,879
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$770,229--$770,229
Other Salaries and Wages$198,032$26,404$39,606$264,042
Current Officers, Directors, Trustees, and Key Employees$61,728$8,230$12,346$82,304
All Other Expenses$23,442$2,084$4,719$30,245
Other Employee Benefits$22,466$2,996$4,493$29,955
Payroll Taxes$20,294$2,706$4,059$27,059
Conferences and Meetings$10,559$1,408$2,112$14,079
Other Expenses$6,917$922$1,383$9,222
Insurance-$2,590-$2,590
Office Expenses$803$106$161$1,070
Total Functional Expenses$1,193,381$47,446$68,879$1,309,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,335,755
Expenses per Audited Statements$1,309,706
Total Expenses per Form 990$1,309,706
Expenses Not Reported on Form 990$26,049
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$339,459
Fundraising Direct Expenses$92,145
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$339,459$339,459$92,145$247,314
Total Events$339,459$339,459$92,145$247,314
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 15A

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

Filer Name
Pasco Education Foundation Inc
EIN
59-3048717
Phone
8137942705
Address
7227 LAND OLAKES BLVD, LAND OLAKES, FL 34638

Signing Officer

Name
Stacey Capogrosso
Title
Executive Director
Phone
7277742705
Signed
2018-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Capogrosso
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
18
Employees
12

Preparer

Firm
Stone Parker & Company CPA Pa
Address
7512 RIDGE RD, PORT RICHEY, FL 34668
Preparer
George M Stone
Phone
7278423180
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

NONE

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02996
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022466
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029955
IRS990/OtherExpensesGrp/Desc0SCHOOL PROGRAMS
IRS990/OtherExpensesGrp/Desc1ROBOTICS
IRS990/OtherExpensesGrp/Desc2AMORTIZATION
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0922
IRS990/OtherExpensesGrp/ProgramServicesAmt042718
IRS990/OtherExpensesGrp/ProgramServicesAmt126774
IRS990/OtherExpensesGrp/ProgramServicesAmt29419
IRS990/OtherExpensesGrp/ProgramServicesAmt36917
IRS990/OtherExpensesGrp/TotalAmt042718
IRS990/OtherExpensesGrp/TotalAmt126774
IRS990/OtherExpensesGrp/TotalAmt29419
IRS990/OtherExpensesGrp/TotalAmt39222
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt039606
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026404
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0198032
IRS990/OtherSalariesAndWagesGrp/TotalAmt0264042
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IRS990/PayrollTaxesGrp/FundraisingAmt04059
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02706
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IRS990/PayrollTaxesGrp/TotalAmt027059
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02027076
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02102076
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IRS990/PrincipalOfficerNm0STACEY CAPOGROSSO
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IRS990/PYSalariesCompEmpBnftPaidAmt0377397
IRS990/PYTotalExpensesAmt01018675
IRS990/PYTotalRevenueAmt01394716
IRS990/ReconcilationRevenueExpnssAmt012450
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 659,850
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01177112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01059874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0965295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0938667
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0171166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0217604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-152793
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0209437
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0534176
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0171166
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0339459
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0320391
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0659850
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IRS990ScheduleA/PublicSupportPY170Pct00.86140
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01150990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01177112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01059874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0965295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0938667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05291938
IRS990ScheduleA/TotalSupportAmt06485964
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02027076
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt075000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02102076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02002076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02027076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01967076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt035000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02002076
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt026049
IRS990ScheduleD/DonatedServicesUseFcltsAmt026049
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt026049
IRS990ScheduleD/ExpensesSubtotalAmt01309706
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt026049
IRS990ScheduleD/RevenueSubtotalAmt01322156
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NONE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01309706
IRS990ScheduleD/TotalRevenuePerForm990Amt01322156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01348205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01335755
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt092145
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0339459
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0339459
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0339459
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0247314
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt092145
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt092145
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0770229
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS
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
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC MEETINGS WITH EMPLOYEES AND DIRECTORS TO DETAIL WHAT CONSTITUTES CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS WILL BE PROVIDED AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02114116

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