Take Stock In Children of Manatee County Inc
2501 63RD AVE E
BRADENTON FL 34203-5053
Mission
Take Stock in Children provides, college scholarships, mentors and hope for deserving at-risk students to break the cycle of poverty and help them reach their greatest potential. One to one mentoring is maximized through dedicated volunteers encouraging students on a weekly basis, during the school day, on the school campus. Motivated students are guided by advocates to embrace the opportunity of preparing for higher education to achieve their dreams. Family cycles of poverty, prison, and addiction are broken through volunteers and education. Students succeed and become educated, engaged community citizens and leaders.
Leadership
CEO/Executive Director No Executive Director
Board Chair Mr. Vincent Foderingham
Board Chair Affiliation Feld Entertainment, Inc.
General Info
Tax Exempt Status Public Supported Charity
Incorporation Year 2014
Awarded competitive grant from Community Foundation in the last 5 years? No
State Charitable Solicitations Permit Yes July 2018
State Registration Yes Jan 2018
Financial Summary
 
 
IRS Letter of Determination
Name
IRS Letter of DeterminationView
Impact Statement
Take Stock in Children of Manatee’s accomplishments include:
  • Graduated 29 Scholars from the School District of Manatee County and 19 Scholars completed their post-secondary studies.
  • Serving all 10 middle schools, 6 high schools, and 3 charter schools in Manatee County
  • Over 400 students in the program throughout the school district, colleges and post-secondary educational programs
  • 90% of students are the first person in their family to attend college and twenty percent of the students are still the first person in their family to graduate high school.
  • Maintain 100% one-to-one mentor match
  • Mentors volunteer over 2,500 hours annually to ensure student success
  • 95% mentor retention rate
  • Student’s demographics represent 20% Caucasian, 23% African American, 45% Hispanic and 12% Asian and Multiracial
  • 57/43 Female/Male
  • 100% High School Graduation - Class of 2017
  • 93% Post-Secondary Education Enrollment - Class of 2017 (One going into Marines / Another on a Mission Trip)
  • Fundraising annually for Scholarship dollars that are matched dollar for dollar by the Florida Prepaid College Foundation
  • Community partnerships with Suncoast Credit Union, Tampa Bay Rays & Helios Education Foundation, Ronald McDonald Scholarships, Harvest United Methodist Church, Kiwanis Clubs, and Beall's Corporation
  • School District of Manatee County and Take Stock in Children of Manatee Memorandum of Understanding operating agreement
  • Primary goal of 2017-2018 is to increase capacity to serve more students. Currently, we only serve 10% of the hundreds of eligible applicants wanting to participate in the Take Stock in Children program.
  • Increase college student progression rate with guidance and accountability through our College Counselor.
  • Increase college graduation rate by initiating a College Mentoring Program.
  • Develop college internship and employment opportunities in the Manatee County business community.
Needs Statement
  1. Volunteers:  Mentors, Special Events, Community Council
  2. Scholarships: 2 year tuition $5,000 and 4 year tuition $12,000
  3. Event Sponsorships:  $500-$5,000
  4. Student/Mentor Advocate:  $500 per student, $500 per mentor
  5. Interview Suits & Essentials for New College Graduates:  $500 per graduate
Background Statement
Take Stock in Children was established in 1995 as a nonprofit organization in Florida that provides a unique opportunity for low-income and at-risk students, many from minority families, to escape the cycle of poverty through education.  We offer our students college scholarships, caring volunteer mentors, and hope for a better life.  Our comprehensive services start in the middle school, continue through high school and include their transition into college.  A Take Stock in Children alumni organization is growing to keep students connected and involved in the next generation of students. 
All 67 counties in Florida take part in this great program.  Take Stock in Children of Manatee County, Inc. began in 1996 as part of the Manatee Education Foundation and became independent through incorporation in 2012.  We received our 501c3 IRS letter of determination in March, 2014.  Our program is based on the powerful and proven success model that through investing resources and instilling accountability, students may reach their greatest potential to benefit their family and our community.
Areas Served
Areas Served
Area
FL- Manatee
Areas Served Comments Take Stock in Children of Manatee County serves all eligible students in the School District of Manatee County.  Some students may live, or have a mailing address in Sarasota, however, as long as they are attending a public school in Manatee County they may be served by our program.
Service Categories
Primary Org Type Education
Secondary Org Type Human Services
Tertiary Org Type Youth Development
Statement from the Board Chair/Board President

My personal mission is to help those in need, particularly the underserved and children.  Take Stock’s mission is critical since it gives our underserved and at risk children the hope of success and a path out of poverty through mentoring and education.  These two things are critical that our youth need today to chart a path towards success.  As someone that grew up in the intercity with parents that are not from this country, I understand the challenges that some of our Take Stock scholars face.  I was fortunate to have mentors in my years as a student to help me make the best decisions possible, not only life decisions but decisions regarding my education that helped me gain the level of success I enjoy today.  I have the unique opportunity to share my experience with our scholars and lead our Take Stock organization as President and Board Chair.    

Statement from the CEO/Executive Director
The Take Stock in Children college scholarship and mentor opportunity is life changing for our students.  Over 62% of the students in our entire school district would be eligible for our program based on the financial need guideline, which is equivalent to the national poverty level.  The volunteer mentor usually joins our Take Stock family to help a child, and then realizes how rewarding it is to invest time in another human being.  They also learn of the critical needs that children in our own backyard have without any direction or assistance.  I have seen our program transform children that are homeless, have parents in prison, or battling addiction. With the power of hope, they focus on school and changing their lives.  The students become the leaders of change in their families.  Once the student graduates high school they begin to truly appreciate the gift they have been given when it is time to go on to college.  Many mentors stay in touch with their students at college and visit with them when they are home.  They develop relationships that have made an impact of a lifetime - and generations to come.  Many of our students have come back to start their careers in our county or mentor students.  Once they are successful, they can help others do the same. 
The most difficult aspect of my job is to decline students from participating in the program because of lack of scholarship funding.  I've been with the Take Stock in Children program for nine years and I know that only 10% of the children ever re-apply.  I invite you to join me and the Take Stock in Children Manatee family.  A child is waiting for you to make a difference.   
Programs
Description
Beginning as early as the 6th grade, selected students sign an agreement to maintain good grades, attendance and behavior, along with meeting a mentor every week during the day on the school campus, during the school year.  Students also agree to remain drug-free and crime-free.  As long as the student maintains their agreement, upon high school graduation they receive a college tuition scholarship. 
Once in college, a College Counselor continues to provide guidance and direction to the student to ensure college graduation. 
 
The program budget below reflects cost per student. 
Budget $10,000
Category Education, General/Other Postsecondary Education
Program Linked to Organizational Strategy Yes
Population Served At-Risk Populations Poor,Economically Disadvantaged,Indigent Minorities
Short Term Success
Students are matched with an encouraging volunteer mentor and will stay focused on academic and personal success.  Student's grades, attendance, and behavior are monitored each progress report and card marking to ensure compliance with agreement.  Challenges and obstacles are identified early and interventions are provided.  Mentors provide stability and redirection to goals for student success.
Long Term Success
Take Stock in Children has a 96% success rate of students graduating high school.  Potential drop-out students become successful taxpaying citizens through volunteer mentors and education.  Post-secondary education scholarships ensure students attend college and career training for successful participation in the workforce. 
Program Success Monitoring
All of the student data and progress is entered in a statewide database to track and monitor the child's academic performance.  Information is reviewed and evaluated twice per each semester.  A student/mentor advocate works with the mentor/mentee team to ensure assistance is available and guidance is provided for success.
Program Success Examples
Korey is an African American young man who embraced the opportunity of Take Stock in Children.  He will be the first young man in four generations of his family to attend college - the others unfortunately, are in prison.  His mentor is with the Manatee Sheriff's Office.  Lt. Murrell made a dramatic difference by providing  encouragement and support.  Korey's determination and hard work broke the cycle of poverty and prison.  He has graduated high school and is attending the State College of Florida.
Liliana is a Hispanic young woman who was the first person in her family to graduate high school.  Her family are migrant farm workers that travel different states to maintain work year round.  Her mentor was a great influence and support for her.  Liliana, recently graduated from the University of South Florida, and plans to attend law school where she will study immigration law.  She will become a leader in our community and a role model for many other students.
 
Comments
Program Comments by Organization

For nearly 20 years, Take Stock in Children has provided college scholarships, mentors, and hope to low-income, at-risk students with a  96% success rate.

The model of success ensures that students, along with a caring mentor, receive guidance and support to prepare students for college, assist students with the post-secondary admission process, and provide resources through college graduation.  Take Stock in Children of Manatee also supports a Student and Mentor alumni organization.  The annual Home for the Holidays event which hosts students and mentors to reconnect and share in their continued success. 

The powerful and proven success of a 96% high school graduation rate, 98% matriculation into college or a postsecondary program, and a 96% mentor retention rate confirms the measurement and accountability of services provided. 
 
The Take Stock in Children team prepares for the new school year to ensure 150 mentors are ready to engage with their Take Stock scholars. In addition, TSIC volunteers are striving to implement a number of fundraising events so that TSIC can award more scholarships (each 4-year college scholarship and mentoring program costs $10,000) to deserving students.
Our success is directly linked to the effectiveness of our mentors, and supporting them is a priority of staff and the Board (many of whom are mentors).  With a 96% high school graduation rate for our TSIC scholars, we are committed to expand the number of students served in our program.
 
 
CEO/Executive Director
CEO/Executive Director No Executive Director
CEO Term Start 0
CEO/Executive Director Email info@takestockmanatee.org
Experience
This position is currently vacant and will be filled by August 15, 2017
Former CEOs/Executive Directors
NameTerm
Senior Staff
NameTitle
Staff & Volunteer Statistics
Full Time Staff 5
Part Time Staff 1
Staff Retention Rate % 66
Professional Development Yes
Contractors 1
Volunteers 200
Management Reports to Board Yes
CEO/Executive Director Formal Evaluation Yes
Senior Management Formal Evaluation N/A
Non-Management Formal Evaluation N/A
Collaborations
We are always willing to partner with other organizations to serve low income students with college scholarships, mentors, and hope for a better tomorrow.  Currently, we partner with the Manatee County School District, Suncoast Credit Union Foundation, Tampa Bay Rays Foundation, Helios Education Foundation, Ronald McDonald House Charities, Harvest United Methodist Church, Kiwanis Clubs, Rotary Clubs and Beall's.  
External Assessments and Accreditations
Assessment/AccreditationYear
Awards & Recognition
Award/RecognitionOrganizationYear
Excellence in Program ManagementTake Stock in Children State Office2009
Excellence AwardTake Stock in Children State Office2014
Youth Advocate of the YearZeta Phi Beta Sorority, Inc.2010
Civic Partner of the YearFlorida A&M University National Alumni Association2014
Excellence Award in Program ManagementTake Stock in Children State Office2015
President's Award for Exceptional Partnership and LeadershipTake Stock in Children State Office2015
Excellence Award in Program ManagementTake Stock in Children State Office2016
Risk Management Provisions
Government Licenses
Organization Licensed by the Government No
Plans
Fundraising Plan No
Communication Plan No
Strategic Plan Yes
Strategic Plan Years 2
Strategic Plan Adopted Jan 2015
Management Succession Plan Yes
Continuity of Operations Plan Yes
Policies
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Policies and Procedures Yes
Comments
Management Comments by Organization Take Stock in Children of Manatee, Inc. is a young 501c3 organization growing from a 21 year-old program within the Manatee County School District and the Manatee Education Foundation.  We are committed to maintaining excellence in policies and procedures to ensure integrity, transparency and accountability are consistently maintained.  Our greatest challenge is to raise community support for providing the mentor and student services, while increasing scholarship resources to serve additional deserving children.  
Multi-Media Comments by Organization The Take Stock in Children program is rich with relationships between students, mentors,  volunteers and donors who make it all possible.  Our community embraces the program and we anticipate sharing more great stories and good news utilizing all forms of media.
Other Documents
Board Chair
Board Chair Mr. Vincent Foderingham
Company Affiliation Feld Entertainment, Inc.
Board Term July 2017 to June 2020
Board Chair Email vfoderingham@feldinc.com
Board Members
Board Members
NameAffiliation
Mr. Mark Arnold Appalachian Underwriters Insurance Director
Mr. Mark Barnebey Blalock Walters
Mr. Ghingo Brooks Retired
Dr. Phyllis Brooks Retired
Mr. Michael Corley Administrative Consultant
Mr. Dan Doyle Bealls Human Resources
Mr. Vincent Foderingham Feld Entertainment, Inc.
Ms Sandy Haas-Martens Community Volunteer- Retired Banker
Ms Anne Heller Community Leader
Mr. Brent King Delta Airlines
Mr. Marc Krupp Community Volunteer
Mr. Patrick Mackey Bank of America Merrill Lynch
Ms Lori Mirandilla Suncoast Credit Union Vice President
Mr. Terry Rehfeldt The Rehfeldt Group, PA
Dr. Laurey Stryker Stryker Consulting
Mr. Edward G. Viltz Retired IBM Executive
Constituency Includes Client Representation No
Board Ethnicity
African American/Black 4
Asian American/Pacific Islander 0
Caucasian 12
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Gender
Male 11
Female 5
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 3
Board Orientation Yes
Number of Full Board Meetings Annually 10
Board Meeting Attendance % 83
Board Self-Evaluation Yes
Written Board Selection Criteria No
Board Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 88
% of Board Making In-Kind Contributions 71
Standing Committees
Finance
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Executive
Comments
Governance Comments by Organization Take Stock in Children of Manatee, Inc. is a newly formed 501c3 nonprofit organization growing from a program of the Manatee County School District for 19 years.  The community leaders that have committed to serving on our board of directors have a wealth of experience in governing other nonprofit and civic organizations throughout the state and nationally.  I am confident that our team will develop a strong infrastructure to enable growth and sustainability for our children and community.
Fiscal Year Projections
Fiscal Year Start Month July
Fiscal Year Start Day 01
Fiscal Year Begins 2016
Fiscal Year End Month June
Fiscal Year End Day 30
Fiscal Year Ends 2017
Projected Revenue $796,100.00
Projected Expenses $824,075.00
Total Projected Revenue includes "in-kind" contributions/ donations No
Organization has Endowment Yes
Endowment Value $12,000.00
Endowment Spending Policy N/A
Capital Campaign
Currently In a Capital Campaign No
Anticipate Campaign within 5 years? Yes
Campaign Purpose
Campaign Goal
Campaign Dates 0 to 0
Amount Raised To Date 0 as of 0
Audit/Financial Documents
Historical Financial Review
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
$0$0$0
Government Contributions$167,848$178,512$112,800
Federal$0$0$0
State$103,848$0$0
Local$64,000$0$0
Unspecified$0$178,512$112,800
Individual Contributions$383,134$241,322$2,680,854
$0$0$0
$0$0$0
Investment Income, Net of Losses$62$4$0
Membership Dues$0$0$0
Special Events$48,001$128,523$64,876
Revenue In-Kind$0$0$0
Other$0$0$0
Expense Allocation
Fiscal Year201620152014
Program Expense$489,358$483,749$184,539
Administration Expense$23,602$16,833$7,204
Fundraising Expense$29,914$17,461$0
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.101.0614.91
Program Expense/Total Expenses90%93%96%
Fundraising Expense/Contributed Revenue5%3%0%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$2,894,348$2,795,891$2,769,238
Current Assets$92,257$129,986$117,881
Long-Term Liabilities$0$0$0
Current Liabilities$25,505$37,419$41,084
Total Net Assets$2,868,843$2,758,472$2,728,154
Top Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar AmountContributions, gifts, grants $383,134Contributions, gifts, grants $241,322Contributions, gifts, grants $2,680,854
Second Highest Funding Source & Dollar AmountGovernment Grants - State $103,848Government Grants - Unspecified $178,512Govertnment Grants - Unspecified $112,800
Third Highest Funding Source & Dollar AmountGovernment Grants - Local $64,000Fundraising $128,523Fundraising $64,876
CEO/Executive Director Compensation
Tax Credits No
Solvency
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities3.623.472.87
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%0%0%
Financials Comments
Financial Comments by Organization

Operating for 21 years as a program within the Manatee County School District and the Manatee Education has been a great start; however, now that we are an independent 501c3 our recordkeeping will be clear and concise.  We have just completed our fourth fiscal year ending June 30, 2017.  We will soon have our 2017 990 and Review report posted for public information.  Our board is committed to maintaining financial integrity and transparency.  Our gratitude and appreciation are extended to our community for their past support.  We strive to maintain confidence in your investment with us. 

Our commitment to financial responsibility includes having a checks and balance in place for monthly and annual reviews.  We have an internal bookkeeper and independent CPA for current financial data. We also have a review completed by the CPA annually.
Financial Comments by Foundation Financial information taken from Federal tax returns.  Contributions include foundation and corporate support.
Nonprofit Take Stock In Children of Manatee County Inc
Address 2501 63RD AVE E
BRADENTON, FL 34203 5053
Phone 941 751-6550 2172

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.