Nonprofit · EIN 59-2764174
EDUCATIONAL FOUNDATION OF LAKE COUNTY INC
Tax-exempt · LEESBURG, FL 34748
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,178,677 | $1,668,680 | $509,997 | $5,780,541 | $250,425 | $5,530,116 |
| June 30, 2024 | 990 | $2,187,916 | $2,137,139 | $50,777 | $5,255,626 | $235,724 | $5,019,902 |
| June 30, 2023 | 990 | $2,265,387 | $1,731,722 | $533,665 | $5,196,827 | $228,735 | $4,968,092 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,048,126
- Program service revenue
- $423,995
- Investment income
- $30,824
- Net income from fundraising events
- $675,732
- Other revenue
- $675,732
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $126,732
- Other salaries and wages
- $72,965
- Salaries, compensation and benefits (total)
- $276,026
- Professional fundraising fees
- $0
- Accounting fees
- $8,200
- Travel
- $3,904
- Depreciation
- $3,084
- Program services (functional)
- $1,477,583
- Management and general (functional)
- $95,549
- Fundraising (functional)
- $95,548
Balance sheet and other
- Total assets, start of year
- $5,255,626
- Total assets, end of year
- $5,780,541
- Total liabilities, end of year
- $250,425
- Net assets, end of year
- $5,530,116
- Land, buildings and equipment
- $2,026
- Publicly traded securities
- $1,706,679
- Net assets without donor restrictions
- $2,223,303
- Net assets with donor restrictions
- $3,306,813
- Gross receipts
- $2,713,333
- Employees
- 3
- Year formed
- 1986
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTY PARSONS | DIRECTOR Trustee or director | 1 | $0 |
| BE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| LYNDSI JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MEEGHAN MOLDOF | DIRECTOR Trustee or director | 1 | $0 |
| ROSANNE BRANDENBURG | DIRECTOR Trustee or director | 1 | $0 |
| BOBBY RHODES | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH JOHNSON | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $0 |
| DIANE KORNEGAY | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| STEPHANIE LUKE | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| ELLSABETH EMERY | DIRECTOR EX-OFFICIO Trustee or director | 1 | $0 |
| LEE WOODS | DIRECTOR Trustee or director | 1 | $0 |
| PEYTON GRINNELL | DIRECTOR Trustee or director | 1 | $0 |
| DON MARX | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| MARC ROBERTZ-SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DORIS JACKSON-SHAZIER | DIRECTOR Trustee or director | 1 | $0 |
| ERIKA CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOE MACLAREN | DIRECTOR Trustee or director | 1 | $0 |
| RICH BILLINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| LORI BAKER | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATTHEW HACKLER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KASEY HOBBS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE DeGRAW | EXECUTIVE ADVISOR Officer | 1 | $0 |
| LOREN VASQUEZ | EXECUTIVE ADVISOR Officer | 1 | $0 |
| KEVIN STONE | BOARD ATTORNEY Officer | 1 | $0 |
| CINDI FALANGA | SECRETARY Officer | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC ROBERTZ-SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| KATHY SMITH | DIRECTOR EX-OFFICIO Trustee or director | 1 | $0 |
| MEEGHAN MOLDOF | DIRECTOR Trustee or director | 1 | $0 |
| CINDI FALANGA | DIRECTOR Trustee or director | 1 | $0 |
| LEE WOODS | DIRECTOR Trustee or director | 1 | $0 |
| DON MARX | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| LOREN VASQUEZ | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK BROADWAY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE LUKE | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| MIKE DeGRAW | Executive Advisor Trustee or director | 1 | $0 |
| MARGO ODOM | EXECUTIVE ADVISOR Trustee or director | 1 | $0 |
| KRISTY PARSONS | DIRECTOR Trustee or director | 1 | $0 |
| JANET BOLIVAR | DIRECTOR Trustee or director | 1 | $0 |
| PAM BURTNETT | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH JOHNSON | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $0 |
| DIANE KORNEGAY | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| ROSANNE BRANDENBURG | DIRECTOR Trustee or director | 1 | $0 |
| BOBBY RHODES | DIRECTOR Trustee or director | 1 | $0 |
| RICH BILLINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| LORI BAKER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KASEY HOBBS | SECRETARY Trustee or director, Officer | 1 | $0 |
| MATHEW HACKLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN STONE | BOARD ATTORNEY Officer | 1 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARMAN CULLEN | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $107,420 |
| LEE WOODS | DIRECTOR Trustee or director | 1 | $0 |
| KASEY HOBBS | SECRETARY Trustee or director | 1 | $0 |
| KATHY SMITH | DIRECTOR EX-OFFICIO Trustee or director | 1 | $0 |
| DIANE KORNEGAY | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| BILL MATHIAS | DIRECTOR - EX OFFICIO Trustee or director | 1 | $0 |
| JIMMY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| LOREN VASQUEZ | DIRECTOR Trustee or director | 1 | $0 |
| MARC ROBERTS-SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| ALISE MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK BROADWAY | DIRECTOR Trustee or director | 1 | $0 |
| DON MARX | DIRECTOR Trustee or director | 1 | $0 |
| CATHY BLANKENSHIP | DIRECTOR Trustee or director | 1 | $0 |
| ROSANNE BRANDENBURG | DIRECTOR Trustee or director | 1 | $0 |
| MIKE DeGRAW | DIRECTOR Trustee or director | 1 | $0 |
| MARGO ODOM | EXECUTIVE ADVISOR Trustee or director | 1 | $0 |
| BARBARA WILSON-SMITH | DIRECTOR Trustee or director | 1 | $0 |
| PAM BURTNETT | DIRECTOR Trustee or director | 1 | $0 |
| JANET BOLIVAR | DIRECTOR Trustee or director | 1 | $0 |
| PEYTON GRINNELL | DIRECTOR Trustee or director | 1 | $0 |
| BOBBY RHODES | DIRECTOR Trustee or director | 1 | $0 |
| BE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| KRISTY PARSONS | DIRECTOR Trustee or director | 1 | $0 |
| RICH BILLINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| JOE McLAREN | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRENDA PETERSON | DIRECTOR Trustee or director, Officer | 1 | $0 |
| KEVIN STONE | BOARD ATTORNEY Officer | 1 | $0 |
| MATHEW HACKER | VICE PRESIDENT Officer | 1 | $0 |
| LORI BAKER | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2045 PRUITT ST, LEESBURG, FL 34748-8703
- In care of
- % ELIZABETH JOHNSON
- Signed the 990
- ELIZABETH JOHNSON, Executive Director
- Phone
- (352) 326-1265
- Website
- WWW.EDFOUNDATIONLAKE.COM
- Return prepared by
- Binney Accounting and Assurance
Mission
THE EDUCATIONAL FOUNDATION IS THE DIRECT SUPPORT ORGANIZATION FOR LAKE COUNTY PUBLIC SCHOOLS. OUR MISSION IS TO SERVE AS THE CONNECTION BETWEEN OUR COMMUNITY AND PUBLIC EDUCATION, EVALUATING NEEDS AND SECURING RESOURCES TO ENHANCE THE QUALITY OF EDUCATION.
Program accomplishments
- DIRECT SUPPORT OF STUDENTS AND TEACHERS IN LAKE COUNTY THROUGH THE PROVISION OF GRANTS, SCHOLARSHIPS AND RECOGNITION EVENTS TO ENCOURAGE EXCELLENCE IN EDUCATION.Expenses $1,477,583
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2764174
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B9XZ)
- Assets (IRS master file)
- $5,780,541
- Income (IRS master file)
- $2,713,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,178,677 | $1,668,680 | $5,780,541 | XML |
| 990 | June 2024 | $2,187,916 | $2,137,139 | $5,255,626 | XML |
| 990 | June 2023 | $2,265,387 | $1,731,722 | $5,196,827 | XML |
| 990 | June 2022 | $1,493,639 | $1,501,348 | $4,586,472 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2764174).
Questions about EDUCATIONAL FOUNDATION OF LAKE COUNTY INC
- What is the EIN of EDUCATIONAL FOUNDATION OF LAKE COUNTY INC?
- The employer identification number (EIN) of EDUCATIONAL FOUNDATION OF LAKE COUNTY INC is 59-2764174.
- Is EDUCATIONAL FOUNDATION OF LAKE COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to EDUCATIONAL FOUNDATION OF LAKE COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATIONAL FOUNDATION OF LAKE COUNTY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EDUCATIONAL FOUNDATION OF LAKE COUNTY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATIONAL FOUNDATION OF LAKE COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of EDUCATIONAL FOUNDATION OF LAKE COUNTY INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does EDUCATIONAL FOUNDATION OF LAKE COUNTY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,178,677, expenses of $1,668,680 and total assets of $5,780,541 at year end.
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