Consortium of Florida Education Foundations

Legal name: The Consortium of Florida Education Foundations Inc

Nonprofit profile at a glance

EIN
651086820
IRS 990 coverage
2011–2024
Official website data refreshed
Aug 2026
Forms available
Form 990 2024
Location
Port Charlotte, FL, US
Phone
352.338.0250
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$17,945,642
Expenses
$17,444,418
Assets
$2,943,757
Liabilities
$1,533,555

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

Leadership & pay

62 people listed

Executive titles in this filing

  • MARY CHANCE (PRESIDENT, UNTIL 6/30/2025)

Highest reported compensation

  • MARY CHANCE (PRESIDENT, UNTIL 6/30/2025): $182,582 total reported compensation

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

Overview

Mission

To support Florida's network of local education foundations aligned with nearly every county-wide school district, collectively representing 99% of Florida's 3 million K-12 students and raising more than $100 million annually for locally driven initiatives.

What it reported doing in 2024

College & career pathways and scholarships: through 89 separate partnerships with local education foundations, the consortium is building a path to successful life after high school through career exploration and technical education, scholarships, and efforts to help economically disadvantaged students with college preparation and planning. This included the able trust helping students with disabilities access college and career options, the frederick a. Deluca foundation and hca healthcare foundations supporting 43 local education foundation programs for students to explore healthcare career pathways. A grant from bill & melinda gates foundation provided an opportunity for small, rural foundations to support students via college and career readiness programs involving peer-to-peer and partner organization support. The consortium also facilitated 92 student scholarships through 45 education foundations through a partnership with the suncoast credit union and the raymond a. James charitable foundation rhoda h. Molk memorial fund.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 72
  • Accountability: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.4%; rating input score 94
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: $227.23 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 79%; rating input score 79; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 2.8%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 15.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 20.1% per year; rating input score 100; 89th percentile among comparable filings

Details

  • What they do: 10 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 94.4% of revenue deployed · 97.1% of spending went to programs
  • Governance: 60 of 60 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $16.9M in reported program spending
  • Leadership: top reported pay $183K · 62 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 61 filed money-flow records
  • Related organizations: 60 filed related-organization links
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.