Brevard Schools Foundation Inc

Nonprofit profile at a glance

EIN
592895155
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Viera, FL, USA
Phone
3216331000
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$4,123,116
Expenses
$3,996,353
Assets
$7,654,617
Liabilities
$170,227

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JANICE KERSHAW (PRESIDENT &)

Highest reported compensation

  • JANICE KERSHAW (PRESIDENT &): $124,590 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Brevard schools foundation is the direct-support, non-profit organization which matches community resources with the needs of brevard public schools in order to enhance public education k-12. Bsf is designated as a "distinguished" foundation of excellence by the consortium of Florida education foundations. The foundation has provided more than 74 million in benefit since 1987.

What it reported doing in 2024

Education programs-school based. The foundation supports innovation in all 85 brevard public schools(bps) by raising funds and directing donor designated gifts to areas that enhance education. Students benefit through programs, such as robotics, innovation labs, science and art fairs, as well as through professional development and training for bps teachers. The foundation directly supports annual study trips for each of the districts: 5th grade students to the brevard symphony orchestra; 6th grade students to kennedy space center for the destination space program; and the 8th grade students to the moore multicultural center. Bsf hosts the abc awards annual recognition event, implementing several teaching quality intiatives and providing the take stock in children program.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $42.91 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.1%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 1.92; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 5.7% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 82.9% of spending went to programs
  • Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $125K · 21 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 45/100.