| FORM 990 - ORGANIZATION'S MISSION |
THE ORGANIZATION'S MISSION IS TO PASSIONATELY PROMOTE SELF-WORTH, PERSONAL RESPONSIBILITY, AND ACADEMIC SUCCESS FOR QUALIFIED, FINANCIALLY AT-RISK STUDENTS THROUGHOUT PALM BEACH COUNTY BY PROVIDING A UNIQUE SET OF RESOURCES WHICH INCLUDES ONE-ON-ONE MENTORING SERVICES, COLLEGE READINESS COACHING, COLLEGE ADVISING, POST-SECONDARY RETENTION SERVICES, AND A GUARANTEED POST-SECONDARY FULL-TUITION COLLEGE SCHOLARSHIP. |
| FORM 990, PAGE 2, PART III, LINE 4A |
THE TAKE STOCK IN CHILDREN PROGRAM HAS EFFECTIVELY PROVIDED A PATHWAY TO SUCCESS FOR UNDERSERVED YOUTH BY PROVIDING STUDENTS WITH THE RESOURCES THEY NEED TO ACHIEVE ACADEMIC SUCCESS. THE PROGRAM ACCOMPLISHES ITS SUCCESS AS A RESULT OF ITS INNOVATIVE MULTI-YEAR PROGRAM MODEL THAT PROVIDES WRAPAROUND SUPPORT SERVICES TO ITS STUDENTS THROUGHOUT THEIR MIDDLE AND HIGH SCHOOL YEARS AND CONTINUES THROUGH POST-SECONDARY COMPLETION. THE AVERAGE LENGTH OF TIME FOR A STUDENT IN THE PROGRAM IS 5 TO 8 YEARS. BY ENROLLING STUDENTS IN 6TH - 9TH GRADE, THE PROGRAM CAN PROVIDE SERVICES AT AN EARLY STAGE. EACH STUDENT IS MATCHED WITH A CARING ADULT MENTOR WHO MEETS WITH THE STUDENT WEEKLY, RECEIVES CONTINUOUS ACADEMIC SUPPORT THROUGHOUT THE YEAR, AND PROVIDES ONGOING COLLEGE READINESS SERVICES THROUGH THEIR ASSIGNED COLLEGE READINESS COACH. UPON HIGH SCHOOL GRADUATION, EACH STUDENT RECEIVES A MINIMUM OF A 2-YEAR FLORIDA PREPAID COLLEGE TUITION SCHOLARSHIP. THROUGHOUT THE SCHOOL YEAR, STUDENTS AND THEIR FAMILIES ATTEND MONTHLY WORKSHOPS GEARED TOWARD AIDING IN SOCIAL/EMOTIONAL ISSUES, OVERCOMING COMMON STRESSORS AND SYSTEM BARRIERS, COMMUNICATION TOOLS, FINANCIAL LITERACY, TUTORING RESOURCES, HIGH SCHOOL PREP PLANS, ETC. STUDENTS ARE ALSO PROVIDED WITH LOCAL COMMUNITY SERVICE OPPORTUNITIES TO PROVIDE STUDENTS WITH MEANINGFUL TASKS THAT AID IN DEVELOPING THEIR INTERESTS, SKILLS, AND TALENTS, ALL WHILE GIVING BACK TO THEIR COMMUNITY. DURING THE STUDENT'S SENIOR YEAR OF HIGH SCHOOL, THEY ARE INTRODUCED TO THE PROGRAM'S COLLEGE RETENTION SPECIALISTS AND BEGIN TO RECEIVE SERVICES TO AID IN THE TRANSITION PERIOD BETWEEN HIGH SCHOOL GRADUATION AND THE STUDENT'S FIRST DAY OF COLLEGE. ONCE THE STUDENT GRADUATES HIGH SCHOOL, THEY CONTINUE TO RECEIVE POST-SECONDARY ACADEMIC ADVISING SERVICES THROUGH POST-SECONDARY COMPLETION. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
THE FORM 990 IS PREPARED, REVIEWED AND PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
THE CONFLICT OF INTEREST POLICY HAS BEEN FULLY DISCLOSED TO THE BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES FOR THEIR REVIEW AND IN TURN THEY ARE REQUIRED TO SIGN AN ANNUAL STATEMENT THAT THEY ARE IN COMPLIANCE WITH THE POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE OFFICER COMPENSATION PLAN FOR THE ORGANIZATION. THE RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND THEN VOTED UPON BY THE BOARD FOR IMPLEMENTATION. EMPLOYEE COMPENSATION IS EVALUATED ON THE BASIS OF COMPETITIVE COMPENSATION LEVELS IN A SPECIFIC MARKET AND ON THE BASIS OF EXPERIENCE IN THE SPECIFIC JOB LEVELS THAT ARE BEING EVALUATED. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 |
TAKE STOCK IN CHILDREN (TSIC) LEASES ITS OFFICE FACILITY UNDER THE TERMS OF AN OPERATING LEASE COMMENCING ON THE DATE OF RENEWAL (AUGUST 1, 2021) AND EXPIRING IN JULY 2026. TSIC HAS NOT HISTORICALLY RECORDED THE CAPITALIZED IN-KIND VALUE OF THE EXCESS OF THE FAIR MARKET VALUE OF THE FACILITY RENTAL OVER PAYMENTS MADE TO THE LANDLORD (USE OF FACILITY) OVER THE TERM OF THE LEASE. THE USE OF FACILITY AND THE CORRESPONDING NET ASSETS WITH DONOR RESTRICTIONS WERE CORRECTED ON THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) OF THE AUDIT AT JUNE 30, 2022 BY COMPUTING THE IN-KIND VALUE OF FUTURE BENEFIT USING A DISCOUNT RATE OF 0.66%. THE CORRECTION RESULTED IN A PRIOR PERIOD ADJUSTMENT TO NET ASSETS WITH DONOR RESTRICTIONS FOR 97,269. |
Attach to Form 990 or 990-EZ.