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Florida Retired Educators Foundation Incorporated

Tax-deductible

St Petersburg, FL501(c)(3)EducationEIN 59-2439336Revenue $146K in FY2025

On file with the IRSfrea.org8950 9th Street North Ste 105, 33702-3047 · St Petersburg, FLTax-exempt since Feb 1985Supporting organization — 509(a)(3)

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The Foundation was formed to provide scholarships for aspiring teachers adn to offer modest short-term assistance to Retired Educators in crisis.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $62K a year · 50% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$146K
+41% vs prior year
Spent
$55K
To programs
43%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$146K
FY2025▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$140K
FY2022$143K
FY2023$113K
FY2024$103K
FY2025$146K
Expenses
$55K
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$62K
FY2022$68K
FY2023$67K
FY2024$48K
FY2025$55K
Net assets
$1.7M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.7M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $24K Management & general 57% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Gayle Hodges
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Florida Retired Educators Foundation Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships for aspiring teachers and short-term aid for retired educators in crisis.

Questions for Florida Retired Educators Foundation Incorporated

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Provided by the organization

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1 program · $24K · in their own filed words · FY2024
01

Scholarship funds awarded to new and continuing students in colleges of education.

$24Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 30 grants · $193K · 2019–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2024$7,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$2,037
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$7,000
Unitemized GrantFY2023$4,000
Unitemized GrantFY2023$3,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$10,000
Unitemized GrantFY2022$10,000
Unitemized GrantFY2022$7,000
Unitemized GrantFY2022$6,000
Unitemized GrantFY2022$1,280
Unitemized GrantFY2021$11,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$7,000
See all 30 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$146K
Ln 12
Investment incomeLn 3$126K
Other incomeLn 4–11$14K
Gifts and grantsLn 1h$5K
Money outPt IX
$55K
Ln 25
Programscol B$24K
Managementcol C$31K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$126K
Other incomeLn 4–11$14K
Total revenueLn 12$146K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$47K
InvestmentsLn 11–13$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$41K$47K
InvestmentsLn 11–13$1.5M$1.7M
Total assetsLn 16$1.5M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24K$24K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$15K$15K
Office expensesLn 13$3K$3K
Conferences, conventions and meetingsLn 19$10K$10K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$55K$24K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $146K$55K$90K$1.7M 990 PDF
FY2024 $103K$48K$56K$1.5M 990 PDF
FY2023 $113K$67K$46K$1.4M 990 PDF
FY2022 $143K$68K$74K$1.4M 990 PDF
FY2021 $140K$62K$78K$1.5M 990 PDF
FY2020 $94K$68K$26K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $145,509 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,174$5,220
I-9 Program service revenue$0
I-10 Investment incomePrior year $88,047$125,811
I-11 Other revenuePrior year $4,980$14,478
I-12 Total revenuePrior year $103,201$145,509
I-13 Grants and similar amounts paidPrior year $26,000$24,037
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,561$31,338
I-18 Total expensesPrior year $47,561$55,375
I-19 Revenue less expensesPrior year $55,640$90,134
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $145,509 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,220
VIII-1h Total contributions, gifts and grants$5,220
VIII-3 Investment incomeExcluded from tax $125,811$125,811
VIII-8 Net income from fundraising eventsExcluded from tax $9,516$9,516
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,962$4,962
VIII-12 Total revenueRelated to mission $4,962 · Excluded from tax $135,327$145,509
Part IX · Statement of functional expenses $55,375 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $24,037$24,037
IX-11c Accounting feesManagement $2,110$2,110
IX-11f Investment management feesManagement $15,488$15,488
IX-13 Office expensesManagement $2,773$2,773
IX-19 Conferences, conventions and meetingsManagement $9,966$9,966
IX-24 Other expenses (24a–d)Management $1,001$1,001
IX-25 Total functional expensesPrograms $24,037 · Management $31,338 · Fundraising $0$55,375
Part X · Balance sheet $1,703,222 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $25,797$29,607
X-2 Savings and temporary cash investmentsStart of year $15,673$17,597
X-11 Publicly traded securitiesStart of year $1,495,476$1,656,018
X-16 Total assetsStart of year $1,536,946$1,703,222
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $438,649$528,785
X-28 Net assets with donor restrictionsStart of year $1,098,297$1,174,437
X-32 Total net assets or fund balancesStart of year $1,536,946$1,703,222
X-33 Total liabilities and net assetsStart of year $1,536,946$1,703,222
Part XI · Reconciliation of net assets $1,703,222 net assets at year end
XI-1 Total revenue$145,509
XI-2 Total expenses$55,375
XI-3 Revenue less expenses$90,134
XI-4 Net assets at start of year$1,536,946
XI-5 Net unrealized gains (losses) on investments$76,142
XI-10 Net assets at end of year$1,703,222

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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