Overview
What is Florida Education Fund Inc?
Florida Education Fund Inc, located in Tampa, Florida, is a dedicated nonprofit organization that strives to boost institutional and educational advancement for historically underrepresented groups. Established in 1984, they operate the McKnight Doctoral Fellowship Program, which has significantly increased the number of African and Hispanic Americans earning Ph.D.s in critical, underrepresented disciplines. The program boasts an impressive retention rate of nearly 89%, with over 1,550 fellowships awarded and 979 graduates to date. The organization offers professional development workshops and travel grants for research conferences, providing networking opportunities and professional feedback on research projects. Additionally, they have expanded writing support services to include editorial assistance on grant proposals, conference papers, and reports, assisting scholars in improving their writing mechanics and contextual organization. To remain contemporary, Florida Education Fund Inc hosts special topic panel discussions on best practices for comprehensive exam preparation and dissertation defenses, as well as presentations on the significance of artificial intelligence, diversity, equity, and access, and the impact of new technologies on book and journal publication processes. Furthermore, the organization expands opportunities for job market exhibitors and recruiters to meet with scholars during their annual graduate school conferences, aiming to provide adequate exposure to various job markets and strengthen the larger community. With a total of 11 employees, Florida Education Fund Inc is committed to fostering educational advancement for historically underrepresented groups.
Official website here: www.fefonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Florida Education Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. This rating is based solely on its accountability and finance score of 92, indicating strong financial health and responsible management of resources.
The organization demonstrates exceptional governance, with an entirely independent board and robust policies in place, such as conflict of interest and whistleblower protections. Additionally, it maintains financial transparency, evidenced by a solid liabilities to assets ratio and an impressive program expense ratio of over 85%, signifying that a significant portion of its funds directly supports its educational initiatives.
While the Florida Education Fund Inc shows remarkable strengths in accountability and governance, the data does not highlight any specific weaknesses or challenges faced by the organization. This positive assessment suggests a well-managed nonprofit that is effectively working towards its mission in education.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Education Fund Inc legitimate?
Florida Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Education Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $607,248
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,331
For more financial information, click here
Official website here: www.fefonline.org
What is the mission statement of Florida Education Fund Inc?
Florida Education Fund Inc's mission is centered around promoting institutional and educational advancement for historically underrepresented groups. They strive to enhance the larger community by developing and implementing programs and services that lead to institutional enhancement and greater educational advancement for these groups. One of their significant initiatives is the McKnight Doctoral Fellowship Program, which has significantly increased the number of African and Hispanic Americans obtaining PhDs in historically underrepresented fields. The program boasts an impressive retention rate of nearly 89%, with 979 graduates and 63 current fellows. Florida Education Fund Inc also provides professional development opportunities, such as workshops and travel grants, to facilitate research and publication efforts of the fellows. Additionally, they offer writing support services to help scholars improve their writing mechanics and connect with content experts in specific disciplines. The organization also expands its conference presentations to include discussions on best practices for comprehensive exam preparation and dissertation defenses, as well as the impact of new technologies on publication processes.
Official website here: www.fefonline.org
Who is the CEO of Florida Education Fund Inc?
Dr Lawrence Morehouse is the Board Chair of Florida Education Fund Inc. The CEO's salary of Florida Education Fund Inc is $267,906 and their total compensation is $309,624.
Official website here: www.fefonline.org
What is the revenue of Florida Education Fund Inc?
Florida Education Fund Inc's revenue in 2023 was $4,839,675.
Official website here: www.fefonline.org
Who are the executives of Florida Education Fund Inc and what are their salaries?
The average compensation at Florida Education Fund Inc during 2023 was $73,962. There are 11 employees and 28 volunteers at Florida Education Fund Inc.
Here are 11 key members and their salaries (Florida Education Fund Inc's CEO's salary is $267,906 and their total compensation is $309,624):
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- Compensation: $267,906
- Related: $0
- Other: $41,718
- Compensation: $205,567
- Related: $0
- Other: $41,886
- Compensation: $21,923
- Related: $0
- Other: $600
Official website here: www.fefonline.org
Where can I find the form 990 for Florida Education Fund Inc?
Florida Education Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fefonline.org
Learn more at the official website: www.fefonline.org
Mission Statement of Florida Education Fund Inc
Florida Education Fund Inc, in its mission, aims to foster greater institutional and educational advancement for historically underrepresented groups. The organization strives to strengthen the larger community by developing and implementing programs and services that lead to institutional enhancement and greater educational advancement for these groups. One of their significant initiatives is the McKnight Doctoral Fellowship Program, established in 1984. This program has increased the number of African and Hispanic Americans pursuing and completing Ph.D. degrees in historically underrepresented fields of study. The program boasts an impressive near 89% retention rate, with 979 graduates and 53 new fellowships awarded for Fall 2023.
Florida Education Fund Inc also provides professional development opportunities for its fellows. During the 2022-23 academic year, they offered workshops and travel grants to facilitate research and publication efforts. Attending professional conferences not only promotes networking opportunities for job placement but also allows fellows to receive feedback on their research projects. Moreover, the organization expanded its writing support services to include professional development workshops, editorial assistance on grant proposals, conference papers, and reports. These services help scholars improve their writing mechanics and contextual organization, and connect them to content experts in specific disciplines.
In addition, Florida Education Fund Inc organizes special topic panel discussions on best practices for comprehensive exam preparation and dissertation defenses. They also provide presentations on the significance of artificial intelligence, diversity, equity, and access, and the impact of new technologies on book and journal publication processes. Furthermore, the organization aims to provide adequate exposure to job markets by inviting exhibitors and recruiters to meet with their scholars during annual graduate school conferences. By doing so, they aim to help scholars take full advantage of America's growing job markets.
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Impact
July, 2024
Florida Education Fund Inc's impact is significant in promoting greater educational advancement for historically underrepresented groups, particularly African and Hispanic Americans, through its McKnight Doctoral Fellowship Program. This program, established in 1984, has successfully increased the number of individuals from these underrepresented communities who have earned a Ph.D. in crucial disciplines where they have historically been underenrolled.
With a near 89% retention rate, the program has awarded 1,552 fellowships to African and Hispanic Americans pursuing doctoral degrees, resulting in 420 matriculating fellows and 979 graduates. Additionally, 63 fellows have advanced to candidacy, and 28 fellows graduated in 2023. The program continues to support students with various forms of financial assistance, including tuition, fees, and stipends.
Furthermore, the Florida Education Fund offers professional development activities such as workshops, travel grants for attending conferences, and writing support services. These initiatives help scholars improve their research, publication efforts, and networking opportunities for job placement. The organization also expands conference presentations to cover diverse topics like artificial intelligence, diversity, and new technologies.
By providing exposure to various job markets and connecting scholars with potential employers from academia, government, nonprofit organizations, and the private sector, the Florida Education Fund ensures that its scholars are well-prepared for the workforce. Overall, the organization's efforts contribute to strengthening the larger community by advancing educational opportunities for historically marginalized groups.
This information is meant to be a general summary of Florida Education Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $162,565
- Program Service Revenue: $32,298
- Gross Receipts: $13,601,879
Assets and Liabilities:
- Total Assets: $26,667,726
- Total Liabilities: $1,756,508
- Net Assets: $24,911,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETINGS
Revenue
$23,840
CENTERS OF EXCELLENCE
Revenue
$8,458
Organization Details
Founding Year
1984
Phone
(813) 272-2772Principal Officer
Dr Lawrence Morehouse
Main Address
201 E KENNEDY BLVD 1525, TAMPA, FL, 33602
Website
www.fefonline.orgNTEE Category
Code: B82 - Education
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