ISLAND SCHOOL FOUNDATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ISLAND SCHOOL FOUNDATION INC (EIN 90-0475575)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2022-11-28
- IRS object ID
- 202223329349300722
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-28T17:42:50-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273958690 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEJANDRA M JUFFE CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 PINE ST STE 126 | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 342234457 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900475575 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ISLAND SCHOOL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ISLA | BusinessNameControlTxt |
| Phone | 9419648016 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1505 | AddressLine1Txt |
| City | BOCA GRANDE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33921 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TOM HOFMANN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9419648016 | PhoneNum |
| Signature | 2022-11-16 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TOM | PersonFirstNm |
| Person Last | HOFMANN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 888008888 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALEJANDRA JUFFE | PreparerPersonNm |
| PTIN | P00177758 | PTIN |
| Phone | 9414757937 | PhoneNum |
| Preparation | 2022-11-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN EDWARDSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1423 | AddressLine1Txt |
| City | BOCA GRANDE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33921 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $551,779 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ISLANDSCHOOLBOCAGRANDE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2009 | FormationYr |
| Activity Or Mission | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FLORIDA. SUPPORTING COMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $359,445 | PYContributionsGrantsAmt |
| CY Contributions Grants | $136,087 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $796,020 | PYInvestmentIncomeAmt |
| CY Investment Income | $415,692 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,155,465 | PYTotalRevenueAmt |
| CY Total Revenue | $551,779 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $305,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $400,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $485 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $72,761 | PYOtherExpensesAmt |
| CY Other Expenses | $75,584 | CYOtherExpensesAmt |
| PY Total Expenses | $377,761 | PYTotalExpensesAmt |
| CY Total Expenses | $475,584 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $777,704 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $76,195 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,810,391 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,938,826 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,286 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,713 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,809,105 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,937,113 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FLORIDA. SUPPORTING COMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $400,000 | ExpenseAmt |
| Grant | $400,000 | GrantAmt |
| Revenue | $136,087 | RevenueAmt |
| Desc | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FL. SUPPORTING COMMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FL. SUPPORTING COMMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $400,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEJANDRA M JUFFE CPA | PersonNm |
| Phone | 9414757937 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 PINE STREET | AddressLine1Txt |
| Address Line2 | SUITE 126 | AddressLine2Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34223 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| SAM CAMPBELL | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| BRENT CROSS | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| JOHN EDWARDSON | |||||
| CHAIRPERSON | 4.00 | Yes (X) | $0 | $0 | $0 |
| HARRY HADDAD | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| TOM HOFMANN | |||||
| TREASURER | 4.00 | Yes (X) | $0 | $0 | $0 |
| MARY JOHNSTON | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| CANDACE KENDLE | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| ROBERT KNAPP | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| MARY KOUNTZE | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| JESSIE KRUSEN | |||||
| SECRETARY | 4.00 | Yes (X) | $0 | $0 | $0 |
| DENNIS MALOOMIAN | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| MEG PIERCE | |||||
| VICE PRESIDE | 4.00 | Yes (X) | $0 | $0 | $0 |
| ELIZABETH RODRIGUEZ | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| DENIS TINSLEY | |||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $136,087 | AllOtherContributionsAmt |
| Total Contributions | $136,087 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $199,531 | TotalRevenueColumnAmt |
| Exclusion | $199,531 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $216,161 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $216,161 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,161 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $216,161 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $551,779 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $216,161 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $199,531 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $400,000 | TotalAmt |
| Program Services | $400,000 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,160 | TotalAmt |
| Management And General | $8,160 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,560 | TotalAmt |
| Management And General | $61,560 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,079 | TotalAmt |
| Management And General | $3,079 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $485 | TotalAmt |
| Fundraising | $485 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $673 | TotalAmt |
| Management And General | $673 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,627 | TotalAmt |
| Management And General | $1,627 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,584 | TotalAmt |
| Program Services | $400,000 | ProgramServicesAmt |
| Management And General | $75,099 | ManagementAndGeneralAmt |
| Fundraising | $485 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,742 | BOYAmt |
| EOY | $118,372 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,582 | BOYAmt |
| EOY | $4,311 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612 | BOYAmt |
| EOY | $625 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,331 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,331 | LandBldgEquipAccumDeprecAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,794,455 | BOYAmt |
| EOY | $8,815,518 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,810,391 | BOYAmt |
| EOY | $8,938,826 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,286 | BOYAmt |
| EOY | $1,713 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,286 | BOYAmt |
| EOY | $1,713 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,809,105 | BOYAmt |
| EOY | $8,937,113 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,809,105 | BOYAmt |
| EOY | $8,937,113 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,810,391 | BOYAmt |
| EOY | $8,938,826 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $76,195 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,948,187 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $437,478 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $223,838 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $359,445 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $136,087 | CurrentTaxYearAmt |
| Total | $1,292,299 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $437,478 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $223,838 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $359,445 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $136,087 | CurrentTaxYearAmt |
| Total | $1,292,299 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,292,299 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $185,711 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $261,198 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $215,145 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $164,396 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $199,531 | CurrentTaxYearAmt |
| Total | $1,025,981 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,318,280 | TotalSupportAmt |
| Public Support CY170 | 0.55740 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67590 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,331 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Rev Etc Audited Fincl Stmt | -$1,396,408 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,948,187 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$1,948,187 | RevenueNotReportedAmt |
| Revenue Subtotal | $551,779 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $551,779 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $475,584 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $475,584 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $475,584 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ISLAND SCHOOL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1505 | AddressLine1Txt |
| City | BOCA GRANDE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33921 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 651008401 | RecipientEIN |
| IRC Section | 501C 3 | IRCSectionDesc |
| Cash Grant | $400,000 | CashGrantAmt |
| Purpose Of Grant | SCHOOL ACTIVITIES | PurposeOfGrantTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FLORIDA. SUPPORTING COMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE ISLAND SCHOOL FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF EDUCATION OF BOCA GRANDE, FL. SUPPORTING COMMMUNITY RESIDENTS AND WORKERS EMPLOYED BY LOCAL BUSINESSES, AND STRIVES TO CREATE AN ENDOWMENT THAT WILL HELP FUND THE SCHOOL'S OPERATION IN PERPETUITY. IN ADDITION, THE FOUNDATION STRIVES TO SUPPORT OTHER EDUCATIONAL PROGRAMS BENEFITING RESIDENTS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | BOARD MEMBERS REVIEW AND APPROVE FORM 990 BEFORE SUBMITTION |
| FORM 990, PAGE 6, PART VI, LINE 12C | DURING THE FIRST MEETING FOLLOWING THE ANNUAL MEETING, OFFICERS AND TRUSTEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST AND SIGNA STATEMENT STATING THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND HAVE AGREED TO COMPLY WITH THE POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS AVAILABLE UPON REQUEST |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ISLAND SCHOOL INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1090 | AddressLine1Txt |
| City | BOCA GRANDE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33921 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 651008401 | EIN |
| Primary Activities | SCHOOL | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501C | ExemptCodeSectionTxt |
| Public Charity Status | 2 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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