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Public Education Foundation of Marion County Inc

Public Education Foundation of Marion County Inc

Ocala, FL 34475
Tax ID59-2949915

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About this organization

Revenue

$1,710,377

Expenses

$1,923,643

Website

pefmc.org

Mission

The mission of the Public Education Foundation of Marion County is to financially and materially support Marion County Public Schools, its students and teachers.

About

Take Stock in Children is a program for deserving low-income children in Marion County to escape the cycle of poverty by offering students college scholarships if they follow program guidelines. Each student is also provided a caring volunteer mentor that meets with the student once a week for all 4 years of high school. The goal is to reduce high school drop-outs and increase the number of students who finish college. During the 2018-2019 year there were 197 active high school students in the program with each of those students having a 100% mentor match. There are 176 active student mentors with some mentoring more than 1 student. A total of 360,000 was given out in college tuition scholarships. The program boasts a 96% high school graduation rate compared to 62% of their at risk peers.

Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “To financially and materially support marion county public schools, its students and teachers. this is done by focusing community interest on public education; initiating support and underwriting projects and programs that benefit students, teachers, administrators, and marion county public schools.”.

When referring to its tasks, they were described as: “To financially and materially support marion county public schools, its students and teachers. this is done by focusing community interest on public education; initiating support and underwriting projects and programs that benefit students, teachers, administrators, and marion county public schools.”.

  • The non-profit is operating legally in the state of FL.
  • The non-profit's address for the year 2020 is listed as 1239 NW 4TH STREET, OCALA, FL, 344756444 in the filing.
  • The form submitted by the non-profit organization for 2020 reports 14 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Provides credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$213,266.
  • The CEO compensation package within the organization is established through a review and approval process by an independent body.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 22 independent voting members.
  • The organization was formed in 1988.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $361,620 in salary, compensation, and benefits to its employees.
  • The organization pays $77,504 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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