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Nonprofit · EIN 59-2987826

BAY EDUCATION FOUNDATION INC

Tax-exempt · PANAMA CITY, FL 32401

Financials

$1.1M$1.3M2023$709K$798K2024
Revenue Expenses · by fiscal year end
Financials of BAY EDUCATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$708,753$797,596-$88,843$2,906,733$1,247,994$1,658,739
June 30, 2024990$1,134,938$1,287,307-$152,369$2,751,477$1,013,006$1,738,471
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$587,917
of which government grants
$117,052
Program service revenue
$0
Investment income
$61,132
Net income from fundraising events
$37,710
Other revenue
$59,704

Expenses

Grants and similar amounts paid
$465,858
Compensation of officers, directors and key employees
$26,310
Other salaries and wages
$133,519
Salaries, compensation and benefits (total)
$174,912
Professional fundraising fees
$0
Legal fees
$986
Accounting fees
$17,700
Travel
$1,399
Program services (functional)
$706,939
Management and general (functional)
$66,666
Fundraising (functional)
$23,991

Balance sheet and other

Total assets, start of year
$2,751,477
Total assets, end of year
$2,906,733
Total liabilities, end of year
$1,247,994
Net assets, end of year
$1,658,739
Publicly traded securities
$264,029
Net assets without donor restrictions
$842,793
Net assets with donor restrictions
$815,946
Gross receipts
$770,703
Employees
7
Volunteers
50
Year formed
1989
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.

NameTitleHours / weekCompensation
ANDREW TAYLOREXECTUVE DIR
Trustee or director
40$35,000
KELLY LANGENBERGFORMER EXEC.
Trustee or director
40$13,327
TIM PRATHERCHAIRMAN
Trustee or director
0.5$0
LARA HERTERVICE CHAIRMA
Trustee or director
0.5$0
STEVEN CLEMENTSTREASURER
Trustee or director
5$0
SUZANNE REMEDIESSECRETARY
Trustee or director
0.5$0
TERRY BOOKERBOARD MEMBER
Trustee or director
0.2$0
SHANE BOYETTBOARD MEMBER
Trustee or director
0.2$0
BRANDI BRINKERBOARD MEMBER
Trustee or director
0.2$0
PAMM CHAPMANBOARD MEMBER
Trustee or director
0.2$0
HOLLY FLEIGELBOARD MEMBER
Trustee or director
0.2$0
DARREN HAIMANBOARD MEMBER
Trustee or director
0.2$0
SHANI LEEBOARD MEMBER
Trustee or director
0.2$0
JESSICA LYNGBOARD MEMBER
Trustee or director
0.2$0
MIKE MCGUIREBOARD MEMBER
Trustee or director
0.2$0
5 more people on this return
NameTitleHours / weekCompensation
HARMONY NAGYBOARD MEMBER
Trustee or director
0.2$0
TODD NEVESBOARD MEMBER
Trustee or director
0.2$0
JENNIFER VIRGILBOARD MEMBER
Trustee or director
0.2$0
JENNIFER WATSONBOARD MEMBER
Trustee or director
0.2$0
AARON WHITEBOARD MEMBER
Trustee or director
0.2$0
990 for the year ended June 30, 2024: 19 people
NameTitleHours / weekCompensation
KELLY LANGENBERGEXECUTIVE DI
Officer
40$51,550
ROBBIE HUGHESPRESIDENT
Officer
0.5$0
AARON RICHVICE PRESIDE
Officer
0.5$0
JENNIFER WATSONSECRETARY
Trustee or director
0.5$0
TIM PRATHERTREASURER
Trustee or director
5$0
TERRY BOOKERBOARD MEMBER
Trustee or director
0.2$0
SHANE BOYETTBOARD MEMBER
Trustee or director
0.2$0
STEVEN CLEMENTSBOARD MEMBER
Trustee or director
0.2$0
SHANI LEEBOARD MEMBER
Trustee or director
0.2$0
LARA HERTERBOARD MEMBER
Trustee or director
0.2$0
STEPHANIE HOLBROOKBOARD MEMBER
Trustee or director
0.2$0
HARMONY NAGYBOARD MEMBER
Trustee or director
0.2$0
BRIAN KNOXBOARD MEMBER
Trustee or director
0.2$0
BRANDI BRINKERBOARD MEMBER
Trustee or director
0.2$0
MIKE MCGUIREBOARD MEMBER
Trustee or director
0.2$0
PAMM CHAPMANBOARD MEMBER
Trustee or director
0.2$0
TODD NEVESBOARD MEMBER
Trustee or director
0.2$0
SUZANNE REMEDIESBOARD MEMBER
Trustee or director
0.2$0
STEPHANIE WERCHANBOARD MEMBER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1311 BALBOA AVE, PANAMA CITY, FL 32401-2080
In care of
% JANET KESSLER
Principal officer (990 for 2024)
TIM PRATHER, 1311 BALBOA AVE, PANAMA CITY, FL 32401
Signed the 990
TIM PRATHER, CHAIRMAN
Phone
(850) 767-4111
Return prepared by
MKA ADVISORY LLC

Mission

DEVELOP STUDENT POTENTIAL BY PROVIDING ENHANCED OPPORTUNITIES FOR A QUALITY EDUCATION AS WELL AS ENCOURAGE EMPLOYEES AND PROMOTE GREATER COMMUNITY INVOLVEMENT.

990 for the year ended June 30, 2025

Program accomplishments

  • TAKE STOCK IN CHILDRENMENTORING PROGRAM FORM THE RECIPIENTS OF COLLEGE SCHOLARSHIPS. EACH RECIPIENT IS ASSIGNED A MENTOR TO GUIDE THEM THROUGH THE PROGRAM.
  • VARIOUS SCHOLARSHIPS AND STUDENT/TEACHER RECOGNITION PROGRAMS.
  • LIFELONG LEARNING PROGRAMPROVIDES SCHOLARSHIPS TO TEACHERS TO ENHANCE THEIR ABILITY TO EDUCATE THE STUDENTS OF BAY COUNTY.
  • OTHER PROGRAM SERVICES
    Expenses $706,939 · grants $465,858

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-2987826
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,906,733
Income (IRS master file)
$770,703

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$708,753$797,596$2,906,733XML
990June 2024$1,134,938$1,287,307$2,751,477XML
990June 2023$452,418$602,381$2,852,683IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 59-2987826).

Questions about BAY EDUCATION FOUNDATION INC

What is the EIN of BAY EDUCATION FOUNDATION INC?
The employer identification number (EIN) of BAY EDUCATION FOUNDATION INC is 59-2987826.
Is BAY EDUCATION FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to BAY EDUCATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BAY EDUCATION FOUNDATION 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 BAY EDUCATION FOUNDATION 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 BAY EDUCATION FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BAY EDUCATION FOUNDATION INC?
The 990 for the year ended June 30, 2025 names TIM PRATHER.
Who are the officers and directors of BAY EDUCATION FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 20 people; 2 received compensation from the organization, the highest $35,000 (ANDREW TAYLOR, EXECTUVE DIR).
How much revenue does BAY EDUCATION FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $708,753, expenses of $797,596 and total assets of $2,906,733 at year end.

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