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Nonprofit · EIN 99-3295000

INDIAN RIVER EDUCATION FUND

Tax-exempt · VERO BEACH, FL 32967

Financials

$244K$21K2023$912K$813K2024
Revenue Expenses · by fiscal year end
Financials of INDIAN RIVER EDUCATION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$911,969$813,084$98,885$322,162$0$322,162
June 30, 2024990$244,472$21,195$223,277$223,277$0$223,277
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$911,813
Program service revenue
$0
Investment income
$156
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$126,471
Salaries, compensation and benefits (total)
$161,658
Professional fundraising fees
$8,000
Legal fees
$537
Accounting fees
$36,606
Travel
$59
Program services (functional)
$597,221
Management and general (functional)
$165,622
Fundraising (functional)
$50,241

Balance sheet and other

Total assets, start of year
$223,277
Total assets, end of year
$322,162
Total liabilities, end of year
$0
Net assets, end of year
$322,162
Net assets without donor restrictions
$16,863
Net assets with donor restrictions
$305,299
Gross receipts
$911,969
Employees
0
Volunteers
5
Year formed
2024
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
WILLIAM PENNEYCHAIRMAN
Trustee or director, Officer
1$0
JOHN CALCAGNOSECRETARY
Trustee or director, Officer
1$0
MATT RUNDELSVICE CHAIRMAN/TREASURER
Trustee or director, Officer
1$0
SAM BLOCKDIRECTOR
Trustee or director
1$0
LAICA GERWEIN-MORETADIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
WILLIAM PENNEYCHAIRMAN
Trustee or director, Officer
1$0
JOHN CALCAGNOSECRETARY
Trustee or director, Officer
1$0
MATT RUNDELSVICE CHAIRMAN/TREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
6500 57TH ST, VERO BEACH, FL 32967-6002
In care of
% JANET KNUPP
Principal officer (990 for 2024)
WILLIAM PENNEY, 6500 57TH STREET, VERO BEACH, FL 32967
Signed the 990
MATT RUNDELS, TREASURER
Phone
(772) 564-3150
Return prepared by
OFFUTT BARTON SCHLITT LLC

Mission

THE INDIAN RIVER EDUCATION FUND BRINGS TOGETHER CIVIC AND CORPORATE LEADERS TO SUPPORT INNOVATION, STRENGTHEN PUBLIC SCHOOLS, AND ALIGN COMMUNITY INVESTMENT WITH DISTRICT PRIORITIES.OUR VISION IS TO MAKE SDIRC THE BEST CHOICE FOR EDUCATION IN INDIAN RIVER COUNTY.THE INDIAN RIVER EDUCATION FUND WAS CREATED AT A MOMENT OF BOTH ACHIEVEMENT AND CHANGE FOR PUBLIC EDUCATION IN INDIAN RIVER COUNTY. AS THE DISTRICT HAS STRENGTHENED ITS PERFORMANCE, THE EDUCATIONAL LANDSCAPE HAS ALSO BECOME MORE COMPETITIVE, WITH FAMILIES HAVING MORE CHOICES THAN EVER BEFORE. THE FUND WAS ESTABLISHED TO HELP SUSTAIN DISTRICT MOMENTUM, SUPPORT INNOVATION, AND ALIGN PRIVATE-SECTOR INVESTMENT WITH DISTRICT PRIORITIES. TODAY, ITS STRATEGIC DIRECTION IS CENTERED ON TWO CORE FOCUS AREAS, LEADERSHIP AND INNOVATION, WITH THE GOAL OF ACCELERATING SCHOOL IMPROVEMENT AND IMPROVING STUDENT OUTCOMES.

990 for the year ended June 30, 2025

Program accomplishments

  • DURING ITS FIRST FULL OPERATING YEAR, THE FUND DIRECTED PROGRAM INVESTMENTS THROUGH ITS LEADERSHIP AND INNOVATION FOCUS AREAS, WORKING IN CLOSE PARTNERSHIP WITH THE SCHOOL DISTRICT OF INDIAN RIVER COUNTY AND SUPERINTENDENT DR. DAVID MOORE.MAJOR PROGRAM ACTIVITIES INCLUDED: - CROSS-SECTOR LEADERSHIP INSTITUTE BRINGING TOGETHER LEADERS FROM AVIATION, EDUCATION, BANKING, AND LAW TO BUILD CROSS-SECTOR COLLABORATION, BOLSTER LEADERSHIP SKILLS, AND EXPOSE PARTICIPANTS TO DIFFERENT WAYS OF THINKING. - MATH EXPERTISE AT MIDDLE SCHOOLS SUPPORTING PROFESSIONAL LEARNING TO STRENGTHEN MIDDLE-SCHOOL MATH INSTRUCTION. - AI PILOT FUNDING A CLASSROOM PILOT OF AN AI-POWERED LEARNING ASSISTANT TO TEST THE IMPACT ON STUDENT OUTCOMES AND TEACHER PRODUCTIVITY. - STRATEGIC SCHOOL RE-DESIGN AND INNOVATION SUPPORTING THE DISTRICT'S EXPLORATION OF NEW SCHOOL MODELS THROUGH DESIGNED, A STRUCTURED DESIGN-AND-PROTOTYPE PROCESS FOR EDUCATORS, AND THE INNOVATION TASK FORCE CONVENING DISTRICT LEADERS TO ADDRESS PRIORITY CHALLENGES. - REGIONAL SCIENCE & ENGINEERING FAIR UNDERWRITING THE ANNUAL DISTRICT SCIENCE FAIR TO EXPAND ACCESS AND INCREASE STUDENT PARTICIPATION. - STEP INTO KINDERGARTEN ENSURING ALL STUDENTS START SCHOOL READY TO LEARNTHE FUND ALSO RECRUITED AND SEATED A FOUNDING BOARD OF DIRECTORS, COMPLETED ALL LEGAL AND ADMINISTRATIVE STEPS REQUIRED TO OPERATE AS A DSO AND FLORIDA NONPROFIT, AND ADOPTED A STRATEGIC APPROACH ALIGNED WITH DISTRICT PRIORITIES. IN PARTNERSHIP WITH THE DISTRICT, THE FUND WILL CONTINUE TO IDENTIFY AND ADVANCE PROGRAMS THAT DRIVE SUSTAINED SUCCESS AND MAKE SDIRC THE BEST CHOICE FOR K12 EDUCATION IN OUR COMMUNITY.
    Expenses $597,221

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
99-3295000
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
2024
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$322,162
Income (IRS master file)
$911,969

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$911,969$813,084$322,162IRS
990June 2024$244,472$21,195$223,277XML

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 99-3295000).

Questions about INDIAN RIVER EDUCATION FUND

What is the EIN of INDIAN RIVER EDUCATION FUND?
The employer identification number (EIN) of INDIAN RIVER EDUCATION FUND is 99-3295000.
Is INDIAN RIVER EDUCATION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to INDIAN RIVER EDUCATION FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDIAN RIVER EDUCATION FUND 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 INDIAN RIVER EDUCATION FUND 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 INDIAN RIVER EDUCATION FUND 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 INDIAN RIVER EDUCATION FUND?
The 990 for the year ended June 30, 2025 names WILLIAM PENNEY.
Who are the officers and directors of INDIAN RIVER EDUCATION FUND?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does INDIAN RIVER EDUCATION FUND have?
On its 990 for the year ended June 30, 2025 it reported revenue of $911,969, expenses of $813,084 and total assets of $322,162 at year end.

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