Civic Intelligence

Pasco Education Foundation Inc.

990 • Fiscal year 2019 • EIN 59-3048717

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 19, 2019

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.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$95,050

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

22nd percentile

-4.3%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$4,422,329

Down $196,472 (-4.3%) from 2018

Net Assets

Down

$4,413,696

Down $193,736 (-4.2%) from 2018

Liabilities

Down

$8,633

Down $2,736 (-24%) from 2018

Revenue

Down

$1,179,971

Down $142,185 (-11%) from 2018

Expenses

Up

$1,373,707

Up $64,001 (+4.9%) from 2018

Net Income

Down

-$193,736

Down $206,186 (-1656%) 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 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

2019

Assets$4,422,329
Liabilities$8,633
Net Assets$4,413,696

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

2019

Revenue$1,179,971
Expenses$1,373,707
Net Income-$193,736
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 19, 2019
Return Version
2018v3.1
Gross Receipts
$1,297,751
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$2,799,275$2,695,552▼ $103,723
Prepaid Expenses and Deferred Charges$1,646,943$1,530,216▼ $116,727
Cash and Non-Interest-Bearing Accounts$117,476$153,100▲ $35,624
Accounts Receivable$26,017$24,406▼ $1,611
Land, Buildings, and Equipment, Net$29,090$19,055▼ $10,035
Total Assets$4,618,801$4,422,329▼ $196,472
Liabilities
Accounts Payable and Accrued Expenses$11,369$8,633▼ $2,736
Total Liabilities$11,369$8,633▼ $2,736
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,060,950$1,995,773▼ $65,177
Permanently Rstr Net Assets$1,873,398$1,938,592▲ $65,194
Unrestricted Net Assets$673,084$479,331▼ $193,753
Total Net Assets Fund Balance$4,607,432$4,413,696▼ $193,736
Total Liabilities and Net Assets / Fund Balance$4,618,801$4,422,329▼ $196,472

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,873,398$50,000▲ $15,194-$1,938,592
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$95,050$95,050

Board Members and Trustees

NameTitle
Eric JohnsonChair
Louise EllrodPast Chair
Kathryn FarrellVice Chairma
Alison CrumbleyDirector
Allen CrumbleyDirector
Bill CroninDirector
David EstabrookDirector
David KeyDirector
Derek ZabelDirector
Diane HeilerDirector
Donna PrenticeDirector
Jim HerringDirector
KEVIN O'FARRELLDirector
Kurt BrowningDirector
Michael AvadikianDirector
Michael StoneDirector
Paul ManuelDirector
Steve KnoblDirector
Lindsay MooreSecretary
Chip WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$914,202
Program Service Revenue
$0
Investment Income
$26,715
Other Revenue
$239,054
All Other Contributions
$914,202
Change in Net Assets
$-193,736

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,179,971
Revenue Not Reported on Form 990
$26,999
Total Revenue per Audited Statements
$1,206,970
Total Revenue per Form 990
$1,179,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$774,598
Salaries, Compensation, and Employee Benefits$463,145
Other Expenses$135,964
Total Fundraising Expense$79,145
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$774,598--$774,598
Other Salaries and Wages$226,692$30,226$45,339$302,257
Current Officers, Directors, Trustees, and Key Employees$71,288$9,505$14,257$95,050
All Other Expenses$30,160$1,471$3,317$34,948
Other Employee Benefits$25,888$3,452$5,178$34,518
Payroll Taxes$23,490$3,132$4,698$31,320
Conferences and Meetings$14,472$1,930$2,895$19,297
Other Expenses$7,698$1,027$1,540$10,265
Insurance-$1,767-$1,767
Office Expenses$790$105$158$1,053
Total Functional Expenses$1,240,772$53,790$79,145$1,373,707

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,400,706
Expenses per Audited Statements$1,373,707
Total Expenses per Form 990$1,373,707
Expenses Not Reported on Form 990$26,999
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$356,045
Fundraising Direct Expenses$117,780
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$356,045$356,045$117,780$238,265
Total Events$356,045$356,045$117,780$238,265
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
2019-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Capogrosso
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
12

Preparer

Firm
Stone Parker & Company CPA Pa
Address
7512 RIDGE RD, PORT RICHEY, FL 34668
Preparer
George M Stone
Phone
7278423180
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE PASCO EDUCATION FOUNDATION ADVANCES STUDENT ACHIEVEMENT AND INVESTS COMMUNITY RESOURCES TO ENRICH EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND EDUCATORS.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt04413696
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IRS990/OfficeExpensesGrp/TotalAmt01053
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05178
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03452
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034518
IRS990/OtherExpensesGrp/Desc0SCHOOL PROGRAMS
IRS990/OtherExpensesGrp/Desc1ROBOTICS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
IRS990/OtherExpensesGrp/FundraisingAmt01763
IRS990/OtherExpensesGrp/FundraisingAmt11540
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11027
IRS990/OtherExpensesGrp/ProgramServicesAmt043704
IRS990/OtherExpensesGrp/ProgramServicesAmt113178
IRS990/OtherExpensesGrp/ProgramServicesAmt28814
IRS990/OtherExpensesGrp/ProgramServicesAmt37698
IRS990/OtherExpensesGrp/TotalAmt043704
IRS990/OtherExpensesGrp/TotalAmt113178
IRS990/OtherExpensesGrp/TotalAmt211752
IRS990/OtherExpensesGrp/TotalAmt310265
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0789
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0226692
IRS990/OtherSalariesAndWagesGrp/TotalAmt0302257
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04698
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03132
IRS990/PayrollTaxesGrp/ProgramServicesAmt023490
IRS990/PayrollTaxesGrp/TotalAmt031320
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01873398
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01646943
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01530216
IRS990/PrincipalOfficerNm0STACEY CAPOGROSSO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0903676
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0770229
IRS990/PYInvestmentIncomeAmt0171166
IRS990/PYOtherExpensesAmt0136117
IRS990/PYOtherRevenueAmt0247314
IRS990/PYRevenuesLessExpensesAmt012450
IRS990/PYSalariesCompEmpBnftPaidAmt0403360
IRS990/PYTotalExpensesAmt01309706
IRS990/PYTotalRevenueAmt01322156
IRS990/ReconcilationRevenueExpnssAmt0-193736
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0914202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01150990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01177112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01059874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0965295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05267473
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026715
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0171166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0217604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-152793
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088762
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0351454
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0198670
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0356045
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0339459
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0320391
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01015895
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.81590
IRS990ScheduleA/PublicSupportTotal170Amt05267473
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0914202
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01150990
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05267473
IRS990ScheduleA/TotalSupportAmt06634822
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01873398
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01938592
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015194
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02027076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt075000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02102076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02002076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02027076
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01967076
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt035000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02002076
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt026999
IRS990ScheduleD/DonatedServicesUseFcltsAmt026999
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt026999
IRS990ScheduleD/ExpensesSubtotalAmt01373707
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
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IRS990ScheduleD/RevenueSubtotalAmt01179971
IRS990ScheduleD/TotalExpensesPerForm990Amt01373707
IRS990ScheduleD/TotalRevenuePerForm990Amt01179971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01206970
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01400706
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0117780
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0356045
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0356045
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0356045
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0238265
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0117780
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0117780

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