Educational Institutions

Educational Foundation of Lake County Inc.

  • Leesburg, FL
  • edfoundationlake.com

Mission Statement

The Educational Foundation of Lake County, Inc. pledges with its mission statement ""To serve as a direct support organization for the Lake County School District, which ensures that its financial and human resources are used to the maximum potential for the promotion of excellence in education in Lake County.""

Main Programs

  1. Take Stock in Children Lake/Sumter
Service Areas

Self-reported

Florida

Take Stock in Children also serves Sumter County, FL

ruling year

1987

Principal Officer since 2000

Self-reported

Ms. Carman Cullen

Keywords

Self-reported

education, children, lake county, sumter county,

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EIN

59-2764174

Contact

Cause Area (NTEE Code)

Elementary, Secondary Ed (B20)

Alliance/Advocacy Organizations (O01)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

1) During the last fiscal year, the Educational Foundation awarded $118,144 in grants to teachers in LakeCountythrough the Grants for Great Ideas program that impacted 36,425 students.2) The Back to School Backpack Fair raised $32,000 to provide 3,000 low-income students with a backpack filled with school supplies to start the school year. 3) Through community funding and support Take Stock in Children was able to induct 44 new students into the program at a contract signing celebration in April. 35 students have completed the obligations of their contract and graduated from high school. 84% of students that graduated high school in 2011 have enrolled in college. 1) The state budget for Grants for Great Ideas for next school year has been cut by almost 50%. The Educational Foundation must raise funds to take advantage of the matching dollars, and to compensate for the budget cut from the state in order to be able to still award grants to teachers. 2) The Foundation's goal is to serve 4,000 students for the August 2012 Back to School Backpack Fair at a cost of $6.50 per back pack. 3) The goal for Take Stock in Childern is to raise $140,000 so that 35 new students can participate in this program. The cost for a scholarship is $4,000 which includes $500 for personalized monitoring assistance for each scholarship.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Take Stock in Children Lake/Sumter

The mission of Take Stock in Children, a statewide Mentor/Scholarship program is to end the cycle of poverty through education by providing deserving, financially at-risk students the opportunity to earn a college scholarship. What sets this early intervention program apart from others is: extensive support, motivation and accountability, along with the dollar for dollar match provided by the State of Florida. Over 18,000 students throughout the state of Florida have earned a college scholarship through the Take Stock in Children program. The Take Stock in Children scholarship and mentor program was founded in Pinellas County in 1995 by Dr. Don Pemberton. As a guidance counselor and Director of the Pinellas County Education Foundation, he had a vision of educating the underserved youth, he believed that giving a child hope for the future would result in each student achieving the path of success...and he was right. Dr. Pemberton's vision has become a reality to over 18,000 students throughout all 67 counties in Florida who will see their dream of obtaining a college education come true. The cost for a scholarship is $4,000 which includes $500 for personalized monitoring assistance for each scholarship. Through fundraising, grants and donations many of these students will achieve what no one in their families have before them…a post-secondary degree. The local Lake Sumter program began in 1996, awarding 13 students with scholarships from funds raised within the community and matched by the state. Legislative funding became available in 1999 resulting in full-time staff being hired for the local office; today from their centrally located Leesburg office, a Program Manager and two full time employees carry out the day to day administrative duties including student advocacy/ monitoring, mentor recruiting/training, and fundraising.

Category

Education, General/Other

Population(s) Served

Poor/Economically Disadvantaged, Indigent, General

Children and Youth (infants - 19 years.)

Poor/Economically Disadvantaged, Indigent, General

Budget

$204,000.00

Service Areas

Self-reported

Florida

Take Stock in Children also serves Sumter County, FL

Funding Needs

1) Take Stock in Children provides a volunteer mentor to each student in the program. This past April we inducted 59 new students into the program and are recruiting volunteer mentors who would meet with the student at his or her high school a minimum of 3 times per month for 30 minutes. 2) Grants for Great Ideas provides grant funding for teachers who develop and implement innovative approaches to learning that will have an impact on low-income and at-risk students in Lake County Schools. 3) The foundation will be holding the 16thannual Back to School Backpack Fair in August of 2013. The event serves as the only countywide means of providing supplies to the at-risk and poverty-level students in the district. The district currently provides 60% of the student population with free or reduced lunches justifying the need of such a program. 4) Apple-Mart, where teachers may come to ""shop for free"" for supplies for their students. The store is located on the Dabney Elementary campus in Leesburg and is operated by volunteers who open the store every Wednesday afternoon. Teachers are given passes from their principals that allow them to shop. One of the foundation's goals is to keep the inventory stocked in Apple-Mart and thereby having supplies on hand when there is a need. 5) Children from low-income families are considered to be ""at-risk"" for dropping out of school, becoming involved in drugs and crime, having low self-esteem and becoming non-productive members of society. Through Take Stock in Children the promise of a college scholarship, the motivation of a mentor and the support of a student advocate, students are being prepared to have successful college careers.

Accreditations

External Reviews

Source: greatnonprofits.org

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

EDUCATIONAL FOUNDATION OF LAKE COUNTY INC
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Educational Foundation of Lake County Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

Ms. Carman Cullen

BIO

Carman Cullen has been the Executive Director of the Educational Foundation since 2000 has raised over $4,000,000.00 for low income students in Lake County. Some of the foundation programs include: The Back Pack Faire, Grants for Great Ideas, Applemart, Rookie Teacher of the Year, Etc. She became Executive Director of Take Stock in Children in 2009 when the current Executive resigned to take her position as a State Representative in Tallahassee. Under her guidance the program has raised enough funds to inductee 208 new students into the program. She has added a new fundraiser into the program called ""Strides for Education"" 5K Walk/Run which will raise funds to purchase college tuition scholarships.

STATEMENT FROM THE Principal Officer

" The Foundation is fervently seeking alternative sources of funding in order to sustain these vital programs for the students in Lake County Schools. As the need of students grows, the Foundation hopes to enhance its giving capacity by providing as many resources and supplies as possible to those students in need."

Governance

BOARD CHAIR

Mr. Janet Bolivar

Blankenship Consultants

Term: July 2013 - June 2014

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?