Nonprofit · EIN 90-0475575
ISLAND SCHOOL FOUNDATION INC
Tax-exempt · BOCA GRANDE, FL 33921
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $818,876 | $475,320 | $343,556 | $11,884,572 | $4,000 | $11,880,572 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $247,503
- Program service revenue
- $0
- Investment income
- $571,373
- Net gain from sales of assets
- $329,107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $454,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,748
- Depreciation
- $319
- Program services (functional)
- $454,000
- Management and general (functional)
- $20,746
- Fundraising (functional)
- $574
Balance sheet and other
- Total assets, start of year
- $10,747,546
- Total assets, end of year
- $11,884,572
- Total liabilities, end of year
- $4,000
- Net assets, end of year
- $11,880,572
- Land, buildings and equipment
- $1,091
- Publicly traded securities
- $11,862,930
- Net assets without donor restrictions
- $11,880,572
- Gross receipts
- $2,890,973
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
- 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 |
|---|---|---|---|
| Mary Johnston | Chair Trustee or director, Officer | 4 | $0 |
| Rick Ganong | Vice Chair Trustee or director, Officer | 4 | $0 |
| Louis Sarkes | Treasurer Trustee or director, Officer | 4 | $0 |
| Edward Wilson | Secretary Trustee or director, Officer | 4 | $0 |
| Brent Cross | Trustee Trustee or director | 4 | $0 |
| Kathy Gregg | Trustee Trustee or director | 4 | $0 |
| Harry Haddad | Trustee Trustee or director | 4 | $0 |
| Brian Hogan | Trustee Trustee or director | 4 | $0 |
| Chris Keller | Trustee Trustee or director | 4 | $0 |
| Mary Kountze | Trustee Trustee or director | 4 | $0 |
| Anne Poole | Trustee Trustee or director | 4 | $0 |
| Joe Siman | Trustee Trustee or director | 4 | $0 |
| Pierce Walmsley | Trustee Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1505, BOCA GRANDE, FL 33921-1505
- In care of
- % RAY FLISCHEL FLISCHEL MURTHA
- Principal officer (990 for 2024)
- Louis Sarkes, PO BOX 447, Boca Grande, FL 33921
- Signed the 990
- Louis Sarkes, Treasurer
- Phone
- (941) 964-8016
- Return prepared by
- LENGEMANN & ASSOCIATES P C
Mission
See Schedule O
Program accomplishments
- The Island School Foundation is dedicated to the advancement of education of Boca Grande, FL. Supporting Community residents and workers employed by local businesses, and strives to create an endowment that will help fund the schools operation in perpetuity. In addition, the foundation strives to support other educational programs benefiting residents.Expenses $454,000 · grants $454,000 · revenue $247,503
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
- 90-0475575
- 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
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $13,512,322
- Income (IRS master file)
- $4,361,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,080,226 | $448,852 | $10,747,546 | IRS |
| 990 | June 2023 | $492,332 | $498,724 | $9,577,411 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ISLAND SCHOOL FOUNDATION INC
- What is the EIN of ISLAND SCHOOL FOUNDATION INC?
- The employer identification number (EIN) of ISLAND SCHOOL FOUNDATION INC is 90-0475575.
- Is ISLAND SCHOOL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ISLAND SCHOOL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLAND SCHOOL 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 ISLAND SCHOOL 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 ISLAND SCHOOL 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 ISLAND SCHOOL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Louis Sarkes.
- Who are the officers and directors of ISLAND SCHOOL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does ISLAND SCHOOL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $818,876, expenses of $475,320 and total assets of $11,884,572 at year end.
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