Cause IQ organization profile

Florida Parent Network

Florida Parent Network is a scholarship organization based in Jacksonville, FL that was founded in 2000. As of 2018 they had $707 million in revenue and $589 million in assets.

Step Up For Students provides legislatively authorized K-12 scholarships and related support to give economically disadvantaged families the freedom to choose the best learning options for their children.

Previous legal names or variations of their name include: Step Up For Students; and Florida School Choice Fund.

EIN:

59-3649371

City:

Jacksonville

State:

Florida

NTEE:

B82: Scholarship and financial aid organizations

Website:

stepupforstudents.org

Phone:

877-735-7837

Type:

501(c)(3)

Revenue:

$707,661,184

Assets:

$589,394,333

Employees:

232

Fiscal year end:

June

Founded:

2000

Revenue trends:

Asset trends:

Form 990s for Florida Parent Network

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Dec 22, 2018	990	View PDF
2017-06	Dec 28, 2017	990	View PDF
2016-06	Feb 22, 2017	990	View PDF
2015-06	Jan 14, 2016	990	View PDF
2014-06	Nov 20, 2014	990	View PDF
...and three more Form 990 PDFs

Financials for Florida Parent Network

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$705,681,555	$533,245,078	32.3%
Non-cash contributions	$0	$0
Program services	$976,220	$0	999%
Investment income and dividends	$999,419	$397,500	151.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$-9,321	-100%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$3,990	$339	1077.0%
Total revenues	$707,661,184	$533,633,596	32.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$650,979,063	$548,456,006	18.7%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$631,246	$679,724	-7.1%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$12,075,312	$10,668,271	13.2%
Pension/retirement accruals and contributions	$493,779	$328,200	50.5%
Other employee benefits	$1,160,815	$1,089,010	6.6%
Payroll taxes	$1,565,900	$1,344,913	16.4%
Management fees	$0	$0
Legal fees	$314,822	$147,539	113.4%
Accounting fees	$156,580	$117,195	33.6%
Lobbying fees	$115,003	$66,809	72.1%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$2,050,945	$1,057,489	93.9%
Advertising and promotion	$293,653	$361,780	-18.8%
Office expenses	$528,598	$560,386	-5.7%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$809,539	$777,444	4.1%
Travel	$616,355	$602,975	2.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$384,633	$257,002	49.7%
Insurance	$274,012	$263,040	4.2%
All other expenses	$2,153,662	$1,255,170	71.6%
Total expenses	$674,603,917	$568,032,953	18.8%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$19,085,583	$41,903,759	-54.5%
Savings, short-term investments, etc.	$196,000	$225,000	-12.9%
Pledges and grants receivable	$502,820,023	$436,647,533	15.2%
Accounts receivable	$5,137,782	$1,592,791	222.6%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$701,402	$579,212	21.1%
Buildings, equipment, etc. post-depreciation	$2,986,165	$1,412,992	111.3%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$58,467,378	$36,231,019	61.4%
Total assets	$589,394,333	$518,592,306	13.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$2,236,696	$1,714,927	30.4%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$58,467,378	$36,231,019	61.4%
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$14,986,632	$0	999%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$75,690,706	$37,945,946	99.5%

Field	2018	2017	% Change
Unrestricted net assets	$8,115,532	$5,110,194	58.8%
Temporarily restricted net assets	$505,588,095	$475,536,166	6.3%
Permanently restricted net assets	$0	$0

Social media

Facebook

Open stepup4students Facebook page

Twitter

Open stepup4students Twitter page

Vendors for Florida Parent Network

Vendor	Services	Amount paid	Date
RSM Us LLP	Tax accounting		2018-11-26
██████	Fundraising software		2018-07-25
█████████ ████████	Software		2018-07-25
███████ ███ ████	Fundraising software; Payment processing		2018-07-25
█████████	Content management system software		2018-07-25
█████ ███	Software Services	$214,260	2018-06-01
███████████ ███ ██████████	Consulting Services	$257,701	2018-06-01
████ ████████ ███████████	Software Services	$227,442	2018-06-01
...and four more vendors

Personnel at Florida Parent Network

Name	Title	Compensation	Most recent data
Gina Lynch	Chief Operating Officer	$128,773	June 14, 2019
Joe Pfountz	Chief Financial Officer	$185,863	June 14, 2019
██████ ███████	Chief Marketing Officer	$149,397	June 14, 2019
██████ ██████	Chief External Relations Officer	-	June 14, 2019
████████ ███████	Chief Information Officer	$113,000	June 14, 2019
████ █████	Chief Administrative Officer	$159,064	June 14, 2019
█████ █████████	Vice President, Office of Student Learning	-	June 14, 2019
███ ████	Vice President, Policy and Public Affairs	-	June 14, 2019
████ ███████	Vice President, Development	-	June 14, 2019
████ ██████	Vice President for Leadership Development	-	June 14, 2019
...and six more key personnel

Peer scholarship and financial aid organizations

	Name	Type	Revenue	Location
1	Bank of America Charitable Gift Fund	501(c)(3)	$382 million	Providence, RI
2	My Choice Family Care	501(c)(3)	$317 million	Wauwatosa, WI
3	Atlantic Coast Conference	501(c)(3)	$418 million	Greensboro, NC
4	SCRA APPLIED R&d	501(c)(3)	$534 million	Summerville, SC
5	Feed the Children	501(c)(3)	$369 million	Oklahoma City, OK
6	Ohio State University Foundation (OSUF)	501(c)(3)	$261 million	Columbus, OH
7	University of Arkansas Foundation	501(c)(3)	$238 million	Fayetteville, AR
8	ASU Foundation	501(c)(3)	$200 million	Tempe, AZ
9	ECMC Group	501(c)(3)	$301 million	Minneapolis, MN
10	Greek Catholic Union of the USA	501(c)(8)	$347 million	Beaver, PA
11	Prairie Meadows Race Track & Casino	501(c)(4)	$2.2 billion	Altoona, IA
12	Martins Point Generations Advantage Inc	501(c)(4)	$330 million	Portland, ME
13	Sharp Health Plan	501(c)(4)	$693 million	San Diego, CA
14	The Columbus Foundation	501(c)(3)	$268 million	Columbus, OH
15	Lilly Endowment	501(c)(3)	$499 million	Indianapolis, IN
16	North Channel Assistance Ministries	501(c)(3)	$301 million	Houston, TX
17	University of British Columbia Staff Pension Plan (UBCSPP)	501(c)(3)	$203 million	Canada,
18	Greater Houston Community Foundation	501(c)(3)	$305 million	Houston, TX
19	Big Ten Conference (B1G)	501(c)(3)	$512 million	Rosemont, IL
20	Community Foundation of Greater Memphis	501(c)(3)	$208 million	Memphis, TN
21	Greater Kansas City Community Foundation	501(c)(3)	$357 million	Kansas City, MO
22	Southeastern Conference (SEC)	501(c)(3)	$659 million	Birmingham, AL
23	Scripps Health Plan Services (SHPS)	501(c)(3)	$602 million	San Diego, CA
24	National Christian Charitable Foundation	501(c)(3)	$1.5 billion	Alpharetta, GA
25	Christian Healthcare Ministries (CHM)	501(c)(3)	$220 million	Barberton, OH

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