The Foundation for Lee County Public Schools INC EIN 59-2637849

The Foundation for Lee County Public Schools INC

EIN  59-2637849 Public charity (501(c)(3)) Fort Myers, FL
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Supports Lee County public education by providing classroom grants, resources, and programs for students and educators through community and corporate partnerships.
Leadership
Marshall T Bower Esq. · Pres/CEO · $209K
Money in and out
$2.0M revenue, $2.0M expenses
Bottom line
92% program efficiency

Supports Lee County public education by providing classroom grants, resources, and programs for students and educators through community and corporate partnerships. For fiscal year 2025 it reported $2.0M in revenue, $2.0M in expenses, and $6.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program efficiency
92%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
15.9mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$2.0M
FY2025▼ -32%
Expenses
$2.0M
FY2025▼ -13%
Total assets
$6.6M
FY2025▲ +1%
Total liabilities
$78K
FY2025▲ +54%
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$6.6M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 342
Independent voting membersPt I · Ln 441
Mission & Programs · Part III

Where the work happens

3 program services account for $923K of program spending, described in the organization's own filed words · FY2024.
01

Take stock in children (SC) this scholarship program provides educational scholarships and mentoring to low income at-risk students.

$527Kprogram expense
02

Golden apple (ga) the golden apple teacher recognition program gives a high level of recognition to outstanding classroom teachers. This program presents many opportunities to lee county educators. Program also includes academy of teachers.

$241Kprogram expense
03

Classroom grants (CG) the classroom grants program offers educators the ability to apply for and receive funds to offer unique learning opportunities and experiences for their students.

$155Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Foundation for Lee County Public Schools INC
EINHdr · item D59-2637849
Principal addressHdr · item CFort Myers, FL
WebsiteHdr · item Jwww.leeschoolfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a42
Independent voting membersPt VI · Ln 1b41
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$209,147Pt VII · Sec A
Vice Chair/D
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Di
$0Pt VII · Sec A
Exec Member/
$0Pt VII · Sec A
Exec Member/
$0Pt VII · Sec A
Exec Member/
$0Pt VII · Sec A
Exec Member/
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Marshall T Bower ESQ$209,147$196,872$184,877$179,088$171,583

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Foundation for Lee County Public Schools INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$1.6M · 79%
Program service revenue$137K · 7%
Other revenue$147K · 7%
Investment income$126K · 6%
Contributions & grants79%$1.6M
Program service revenue7%$137K
Other revenue7%$147K
Investment income6%$126K
— government grantsLn 1e$374K
Total revenueLn 12$2.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program services92%$1.8M
Management & general8%$150K
Fundraising$5K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$2.5M
Total assetsLn 16$6.6M
Total liabilitiesLn 26$78K
Total net assetsLn 32$6.5M
Months of cash on handcomputed15.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses (Pt IX) $2.0M · Less non-cash grants $62K · Cash operating expenses/yr $1.9M
15.9 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.0M
92%
Management & General
Management & general $150K · Total expenses $2.0M
8%
Fundraising
Fundraising $5K · Total expenses $2.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $1.3M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $2.0M
79%
Government reliance
Government grants $374K · Total revenue $2.0M
19%
Earned-income share
Program service revenue $137K · Total revenue $2.0M
7%
Investment reliance
Investment income $126K · Total revenue $2.0M
+6%
Program self-sufficiency
Program service revenue $137K · Total expenses $2.0M
7%
Growth & trend
Revenue growth (YoY)
This year $2.0M · Prior year $2.9M
-32%
Revenue CAGR
FY2020 $1.6M · FY2024 $2.0M
+5%
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0M · Expenses $2.0M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $6.6M
Net-asset ratio
Net assets $6.5M · Total assets $6.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marshall T Bower ESQ · Reported title PRES/CEO · Highest reported compensation $209K · Total expenses $2.0M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $827K · Total expenses $2.0M
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -32%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 3 funders →
Grants paid · 71 grants · $2.2M · 2020–2024
Unitemized GrantFY2024$18,000
Fl Gulf Coast UnivFY2024$15,499
Harns Marsh Middle SchoolFY2024$11,240
University of FloridaFL · FY2024$10,137
North Fort Myers High SchoolFY2024$9,080
Trafalgar Middle SchoolFY2024$7,120
Buckingham Exceptional Student CentFY2024$6,889
Mariner High SchoolFY2024$6,816
Allen Park Elementary SchoolFY2024$6,708
Tice Elementary SchoolFY2024$6,468
Trafalgar Elementary SchoolFY2024$6,100
Pinewoods Elementary SchoolFY2024$6,100
Florida State UniversityFL · FY2024$5,774
University of South FloridaFY2024$5,636
Tanglewood Elementary SchoolFY2024$5,600
Riverdale High SchoolFY2024$5,180
See all 71 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.0M revenue · viewing · ⤓ 990 PDF
FY2024$2.9M revenue · ⤓ 990 PDF
FY2023$4.6M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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