Pierian Spring Academy Inc
221 Beach Road #128
Sarasota FL 34242
Mission
To provide intellectually stimulating learning experiences led by highly qualified faculty for adults in the Sarasota/Manatee community.
Leadership
CEO/Executive Director Debbie Cowles
Board Chair Janis Cohen
Board Chair Affiliation Retired
General Info
Tax Exempt Status Public Supported Charity
Incorporation Year 1998
State Charitable Solicitations Permit Yes July 2017
State Registration Yes Jan 2021
IRS Letter of Determination
View
Financial Summary
 
 
Projected Revenue $136,500.00
Projected Expenses $128,738.00
Impact Statement
Students benefit from stimulating learning adventures and engaging discussions with fellow lifelong learners.
Needs Statement
Under the shared vision of bringing comprehensive lifelong learning programs to southwest Florida, Pierian Spring Academy has announced plans to merge with Ringling College Lifelong Learning Academy effective June 2017. As part of this agreement, PSA will become an integral arm of Ringling College's Continuing Studies and Special Programs within the Office of Academic Affairs. This merger will create a strong and vibrant partnership that will greatly enhance adult learning opportunities for Sarasota/Manatee residents.
 
Pierian Spring Academy will continue to offer high quality programs in the 2016-2017 academic year prior to the effective merger date. We will rely on financial support from contributors to bridge the gap between tuition income and operational expenses this next academic year. Contributions allow us to compensate outstanding faculty and staff, manage program costs and keep modest tuition fees for courses.
 
 
Background Statement
Pierian Spring Academy (PSA) was the idea of Joel Larus. Joel was a tenured professor of International Relations at New York University for more than 20 years. He and his wife, Jane, moved from Boston to Sarasota in 1995. In the early years of his retirement in Boston, Joel had taken classes at Harvard’s Institute of Lifelong Learning. He decided to duplicate this adult education experience in Sarasota. In Boston, he had organized a seminar for seniors that he named “The Pierian Spring Reading Group of Greater Boston.” The source of the name came from Alexander Pope, the English essayist, who had written that “A little learning is a dang’rous thing; drink deep, or taste not the Pierian Spring.” Joel decided “Pierian Spring” was an appropriate name for the academy he wanted in Sarasota. Pierian Spring Academy began offering classes at one location in the winter of 1999 with 10 courses and 110 students. This past year, over 800 students participated in 70 course offerings at 10 locations.
Areas Served
Areas Served
Area
FL- Manatee
FL- Sarasota
Areas Served Comments
Service Categories
Primary Org Type Education
Secondary Org Type
Tertiary Org Type
Statement from the Board Chair/Board President
Programs
Description
Over the course of each year, we offer 70 courses divided into fall, winter and spring sessions. These courses run for 4 or 6 weeks and range from art to music to philosophy, science and history.  Many of our courses complement the arts & cultural offerings in Sarasota (opera, symphony, ballet, etc).  In addition to the stimulating classes, our students enjoy meeting like-minded fellow students.
Budget $124,940
Category Education, General/Other Adult Education
Program Linked to Organizational Strategy Yes
Population Served Aging, Elderly, Senior Citizens Adults Adults
Short Term Success Pierian Spring offers higher education level adult learning courses taught by highly qualified retired academics and professionals with specializations in course topics. Nearly seventy courses will be offered at six convenient locations within the community. Students benefit from stimulating learning adventures and engaging discussions with fellow lifelong learners.
Long Term Success Pierian Spring Academy was founded in 1999 as a non-profit lifelong learning institution with a mission of offering stimulating courses to activate the minds of adults and to quench students’ thirst for information about interesting topics. PSA has fulfilled this mission over eighteen years. Our success is reflected in increasing enrollments each year and the numbers of new and steadfast students.
Program Success Monitoring
At the end of each session, we distribute evaluation forms to each student in each class. The forms include requests for specific feedback. The information  gathered is shared with each instructor and used to modify the instructors' delivery for future courses. The evaluations are also used to inform decisions about future course offerings.
 
The number of students enrolled in courses is also indicative of our success.
Program Success Examples
Comments from students' evaluations include:
  • "Fascinating history brought to life by the instructor";
  • "Enthusiastic teacher - she is a star!"; 
  • "This course is a gem, I hated for it to end";
  • "The instructor is superb, knowledgeable, humorous, great diction, enthusiastic, and galvanizing";
  • "What a joy to have Pierian Spring Academy available in Sarasota for lifelong students like me".
Comments
Program Comments by Organization
President Janis Cohen comments regarding the effective merger of PSA and RCLLA, "I speak on behalf of the Board of Directors of Pierian Spring Academy when I say how pleased we are to join the alliance of lifelong learning programs in Sarasota. Ringling College Lifelong Learning Academy, the product of the merger of successful independent programs, will be strong, vibrant and serve our community well."

According to Dan Idzik, the former PSA president who led discussions with Ringling College, “We are excited to be part of the Ringling College of Art and Design family. I know our faculty and students will look forward to benefitting from all of the resources which the merger makes possible.”

CEO/Executive Director
CEO/Executive Director Debbie Cowles
CEO Term Start Apr 2013
CEO/Executive Director Email info@psasrq.org
Former CEOs/Executive Directors
NameTerm
Robert Carlson Ed.D. 2003 - May
Janis Cohen J.D.Apr 2012 - Apr
Senior Staff
NameTitle
Staff & Volunteer Statistics
Full Time Staff 1
Part Time Staff 0
Staff Retention Rate % 100
Professional Development No
Contractors 1
Volunteers 35
Management Reports to Board N/A
CEO/Executive Director Formal Evaluation No
Senior Management Formal Evaluation N/A
Non-Management Formal Evaluation N/A
Collaborations
Pierian Spring Academy holds classes in six different venues: Senior Friendship Center, Argosy University, Center For Arts & Humanity, First Congregational United Church of Christ, South Florida Museum Bishop Planetarium, and First Presbyterian Church. The Academy considers the relationships with each venue to be a collaboration.  Though the terms of the relationships vary, the collaborations enable the Academy to offer classes in a variety of locations in the Sarasota area at reasonable rates, and the host venues benefit from, among other things, use of their space and marketing.
External Assessments and Accreditations
Assessment/AccreditationYear
Risk Management Provisions
Government Licenses
Organization Licensed by the Government No
Plans
Fundraising Plan No
Communication Plan No
Strategic Plan No
Strategic Plan Years N/A
Strategic Plan Adopted 0
Management Succession Plan No
Continuity of Operations Plan No
Policies
Nondiscrimination Policy Yes
Whistle Blower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
Policies and Procedures Yes
Comments
Management Comments by Organization
We have approximately 50 instructors who are primarily retired university professors, plus a number of retired and active professionals who have achieved prominence in various fields. This enables us to offer the highest quality enrichment and lifelong learning courses to adults in the Sarasota area.
Board Chair
Board Chair Janis Cohen
Company Affiliation Retired
Board Term Apr 2016 to June 2017
Board Chair Email jbc4567@gmail.com
Board Members
Board Members
NameAffiliation
Phillip Buck Retired
Janis Cohen Retired
William T Dietrich Retired
Richard Dyer Retired
Victoria Eckl Retired
John Gartner Retired
Judy Hoerr Retired
Daniel Idzik Retired
Gene Kusekoski Retired
Mary Lou Morton Retired
Stan Nikkel Retired
Charles Stryker Retired
Joanne Swick Retired
Colleen Tierney Retired
Student serving on the board through Community Youth Development? No
Constituency Includes Client Representation Yes
Board Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 14
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Gender
Male 8
Female 6
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 99
Board Orientation Yes
Number of Full Board Meetings Annually 5
Board Meeting Attendance % 95
Board Self-Evaluation No
Written Board Selection Criteria No
Board Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 100
% of Board Making In-Kind Contributions 100
Standing Committees
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Finance
Marketing
Education
Volunteer
Technology
Fiscal Year Projections
Fiscal Year Begins 2016
Fiscal Year Ends 2017
Projected Revenue $136,500.00
Projected Expenses $128,738.00
Organization has Endowment Yes
Endowment Value $52,236.00
Capital Campaign
In a Capital Campaign No
Campaign Purpose
Campaign Goal
Campaign Dates 0 to 0
Amount Raised To Date 0 as of 0
Audit/Financial Documents
Historical Financial Review
Expense Allocation
Fiscal Year201520142013
Program Expense$112,521$48,857$60,474
Administration Expense$11,255$74,266$38,207
Fundraising Expense$1,164$0$0
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.091.031.18
Program Expense/Total Expenses90%40%61%
Fundraising Expense/Contributed Revenue5%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$103,662$94,152$84,684
Current Assets$103,662$94,152$84,684
Long-Term Liabilities$0$0$0
Current Liabilities$5,598$7,127$153
Total Net Assets$98,064$87,025$84,531
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountProgram Service Revenue $107,730Program Service Revenue $99,338Program service revenue $87,467
Second Highest Funding Source & Dollar AmountContributions, gifts, grants $24,310Contributions, gifts, grants $21,323Contributions, gifts, grants $22,315
Third Highest Funding Source & Dollar AmountInvestment Income $3,939Investment Income $6,486Investment income $6,253
CEO/Executive Director Compensation $0 - $50,000
Tax Credits No
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities18.5213.21553.49
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Financials Comments
Financial Comments by Foundation
Financial information taken from IRS Form 990.  Individual contributions include foundation and corporate support.  At the end of 2009, the nonprofit changed from a calendar year end to a fiscal year ending April 30.
Nonprofit Pierian Spring Academy Inc
Address 221 Beach Road #128
Sarasota, FL
Phone 941 716-2471

THE COMMUNITY FOUNDATION OF SARASOTA COUNTY, INC. IS A REGISTERED 501(C)(3) NON-PROFIT CORPORATION. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE WITHIN THE STATE (1-800-HELP-FLA) OR FROM THE WEBSITE: WWW.FRESHFROMFLORIDA.COM. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. ONE HUNDRED PERCENT (100%) OF EACH CONTRIBUTION IS RECEIVED BY THE COMMUNITY FOUNDATION OF SARASOTA COUNTY. REGISTRATION #SC-02471.