Florida Charter Educational Foundation Inc
86% goes to programs $0 to raise $100 Thin reserves Growing revenue
Florida Charter Educational Foundation Inc is a 501(c)(3) organization based in Ft Lauderdale, Florida, registered in 2002, with $142,458,690 in FY2023 revenue. CharityIndex grades it C+, and it directs about 86% of spending to programs.
800 Corporate Dr Ste 700, Ft Lauderdale, FL, 33334 EIN 31-1748540 Since 2002
Revenue (FY2023)
$142.5M
▲ 24.3% vs prior year
Education median: $200K
Expenses (FY2023)
$138.4M
Net assets
-$2.8M
Employees
1,500
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Florida Charter Educational Foundation Inc: 86% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florida Charter Educational Foundation Inc: 0 mo reserves · +3% margin earns a D on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Florida Charter Educational Foundation Inc: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florida Charter Educational Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The foundation operates twelve charter schools in miami-dade, hillsborough, pasco, sarasota and clay counties in florida. the schools provide students, pre-kindergarten through twelfth grade, with the necessary tools and skills needed to develop superior levels of achievement. they strive for academic, social and physical excellence by providing a high quality, challenging curriculum. they promote positive moral and social values, foster an atmosphere of self-discipline in a safe learning environment and maximize individual productivity to meet the needs of a changing global society.
What they do
Keys gate charter school provides education services to kindergarten through eighth grade in miami-dade county, florida
Operating under the 2023 bond program, two schools, henderson hammock charter and innovation prep academy, provide education services to kindergarten through eighth grade in hillsboro and pasco counties, florida.
Operating under the 2016 bond program, two schools, clay charter academy and south shore charter, provide education services to kindergarten through eighth grade in clay and hillsboro counties, florida.
Contact & location
- Address
- 800 Corporate Dr Ste 700, Ft Lauderdale, FL, 33334
- City
- Ft Lauderdale
- State
- Florida
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.9M (FY2013) to $142.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $232.4MNet assets -$2.8M
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$229.6M
Total liabilities
$232.4M
Net assets
-$2.8M
Salaries & benefits
$62.4M
45% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $142,458,690▲24.3% | $138,402,940▲16.7% | -$2,810,915▲59.1% | $229,568,551▲18.5% | 990 |
| 2022 | $114,576,245▲11.8% | $118,594,610▲11.3% | -$6,866,665▼142% | $193,775,713▲0.6% | 990 |
| 2021 | $102,486,077▲5.1% | $106,601,589▲8.2% | -$2,840,999▼216% | $192,676,238▲23.1% | 990 |
| 2020 | $97,506,587▲18.5% | $98,535,093▲18.3% | $2,441,531▼32.3% | $156,543,730▲31.8% | 990 |
| 2019 | $82,304,577▲4.0% | $83,268,454▲3.5% | $3,608,670▼20.4% | $118,749,726▼1.9% | 990 |
| 2018 | $79,161,813▲27.1% | $80,468,568▲26.0% | $4,532,128▼21.1% | $121,050,428▲21.5% | 990 |
| 2017 | $62,274,343▲14.0% | $63,847,279▲15.5% | $5,746,143▼21.4% | $99,650,245▲0.7% | 990 |
| 2016 | $54,641,091▲20.4% | $55,298,949▲22.9% | $7,312,030▼8.8% | $98,991,010▲33.9% | 990 |
| 2015 | $45,367,954▲9.1% | $44,979,289▲9.5% | $8,021,372▲5.0% | $73,954,230▲24.5% | 990 |
| 2014 | $41,579,955▲4.2% | $41,065,433▲6.4% | $7,635,954▲6.8% | $59,418,244▲32.1% | 990 |
| 2013 | $39,916,304 | $38,598,933▲19.3% | $7,148,714▲22.0% | $44,994,512▲1.8% | 990 |
| 2012 | — | $32,359,165▲41.4% | $5,859,865▼8.2% | $44,206,308▲1.5% | 990 |
| 2011 | — | $22,884,260▲129% | $6,382,011▲1.4% | $43,557,418▲502% | 990 |
| 2010 | — | $9,982,271 | $6,294,857 | $7,239,934 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Johnson | Vice Chair | 1 | — |
| Randy Walker | Treasurer | 1 | — |
| Steve Knobl | Secretary | 1 | — |
| Valora Cole | Chair | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| 10jin LLC | System Support | $1,789,815 |
| Progressus Therapy LLC | Student Therapy Services | $1,285,959 |
Similar organizations in Education
Education
Pine Crest Preparatory School Inc
Ft Lauderdale, FL
$141.4M
Aannual revenue
Education
Ringling College of Art and Design Inc
Sarasota, FL
$139.2M
Aannual revenue
Education
Saint Leo University Inc
Saint Leo, FL
$145.7M
Aannual revenue
- Education
Palm Beach Atlantic University Inc
West Palm Bch, FL
$138.5M
Aannual revenue
Education
Orange County School Readiness Coalition
Orlando, FL
$147.8M
Bannual revenue
Education
Pensacola Christian College Inc
Pensacola, FL
$151.9M
B+annual revenue
Education
Hillsborough County School Readiness Coalition Inc
Tampa, FL
$153.9M
Bannual revenue
- Education
University of South Florida Foundation Inc
Tampa, FL
$126.4M
Aannual revenue
Education
Southeastern University Inc
Lakeland, FL
$158.8M
Aannual revenue
Education
Eckerd College
St Petersburg, FL
$158.9M
Aannual revenue
Compare Florida Charter Educational Foundation Inc
Frequently asked questions
- Is Florida Charter Educational Foundation Inc a legitimate nonprofit?
- Yes. Florida Charter Educational Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1748540, based in Ft Lauderdale, Florida. Donations are tax-deductible.
- What is Florida Charter Educational Foundation Inc's EIN?
- Florida Charter Educational Foundation Inc's Employer Identification Number (EIN) is 31-1748540.
- How much revenue does Florida Charter Educational Foundation Inc report?
- Florida Charter Educational Foundation Inc reported $142,458,690 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Florida Charter Educational Foundation Inc's spending goes to programs?
- Florida Charter Educational Foundation Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida Charter Educational Foundation Inc have?
- CharityIndex grades Florida Charter Educational Foundation Inc C+, based on program efficiency and fundraising cost.
- How much does Florida Charter Educational Foundation Inc's highest-paid employee make?
- The highest reported compensation on Florida Charter Educational Foundation Inc's latest Form 990 is $0, paid to Eric Johnson (Vice Chair).
More nonprofits in Ft Lauderdale
Explore more
Data for Florida Charter Educational Foundation Inc (EIN 31-1748540) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.