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Nonprofiteer
← FLORIDA STATE COLLEGE AT JACKSONVILLE FOUNDATION INC

Form 990 for tax year 2024

Filed by FLORIDA STATE COLLEGE AT JACKSONVILLE FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 13 August 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$58,300,429
Total expenses
$15,156,077
Contributions and grants received
$2,796,232
Grants paid
$3,520,478
Program service revenue
$10,136,137
Investment income
$45,369,705
Other revenue
-$1,645
Total assets, end of year
$100,781,059
Total liabilities, end of year
$4,717,655
Net assets or fund balances, end of year
$96,063,404
Program services expenses (Part IX)
$13,192,403
Management and general expenses
$843,985
Fundraising expenses
$1,119,689
Program service expenses (Part III)
$13,192,403

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $12,187

  • 1f · All other contributions, gifts and grants

    $2,784,045

  • 1g · Noncash contributions included above

    $50,000

  • 2a · Program service revenue: ARTIST SERIES EVENTS

    total $10,136,137 · related or exempt $10,136,137

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $465,437 · unrelated business $131,382 · excluded $334,055

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $103,015,135

  • 7b · Less cost or other basis and sales expenses

    securities $58,110,867

  • 7c · Gain or loss

    securities $44,904,268 · other assets $0

  • 7d · Net gain or loss

    total $44,904,268 · excluded $44,904,268

  • 8a · Fundraising events: gross income

    $27,029

  • 8a · Fundraising events: contributions included on line 1c

    $12,187

  • 8b · Fundraising events: direct expenses

    $28,674

  • 8c · Net income from fundraising events

    total -$1,645 · excluded -$1,645

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,457,268 · program services $2,457,268

  • 2 · Grants to domestic individuals

    total $1,063,210 · program services $1,063,210

  • 5 · Compensation of officers, directors and key employees

    total $122,924 · management and general $61,462 · fundraising $61,462

  • 7 · Other salaries and wages

    total $536,631 · management and general $272,057 · fundraising $264,574

  • 9 · Other employee benefits

    total $290,630 · management and general $147,341 · fundraising $143,289

  • 11c · Fees: accounting

    total $126,381 · management and general $126,381

  • 11d · Fees: lobbying

    total $60,000 · management and general $60,000

  • 11f · Fees: investment management

    total $64,402 · management and general $64,402

  • 11g · Fees: other

    total $9,366,609 · program services $9,344,209 · management and general $15,000 · fundraising $7,400

  • 14 · Information technology

    total $88,446 · management and general $44,223 · fundraising $44,223

  • 17 · Travel

    total $4,290 · management and general $2,145 · fundraising $2,145

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $532,762 · fundraising $532,762

  • 24b · Other expenses: ARTIST SERIES OPERATING

    total $327,716 · program services $327,716

  • 24c · Other expenses: OTHER OPERATIONAL EXPENSES

    total $100,078 · management and general $43,609 · fundraising $56,469

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $14,730 · management and general $7,365 · fundraising $7,365

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,765,211 · end of year $2,160,518

  • 3 · Pledges and grants receivable

    beginning of year $35,351 · end of year $1,042,879

  • 4 · Accounts receivable

    beginning of year $11,832 · end of year $33,503

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $536,796 · end of year $435,304

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $73,432,147 · end of year $83,543,122

  • 12 · Investments: other securities

    beginning of year $10,745,329 · end of year $9,509,251

  • 13 · Investments: program-related

    beginning of year $23,675 · end of year $23,675

  • 15 · Other assets

    beginning of year $4,577,414 · end of year $4,032,807

  • 17 · Accounts payable and accrued expenses

    beginning of year $967,307 · end of year $697,727

  • 19 · Deferred revenue

    beginning of year $4,405,981 · end of year $3,916,743

  • 21 · Escrow or custodial account liability

    beginning of year $100,577 · end of year $103,185

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $52,986,260 · end of year $52,059,059

  • 28 · Net assets with donor restrictions

    beginning of year $35,667,630 · end of year $44,004,345

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO SPONSOR AND ENGAGE IN ACTIVITIES THAT ADVANCE THE STRATEGIC INTEREST OF FLORIDA STATE COLLEGE AT JACKSONVILLE (THE COLLEGE) BY FOSTERING STRONG CONSTITUENT RELATIONSHIPS AND BY ENCOURAGING A CULTURE OF GIVING. THE FOUNDATION'S PURPOSE IS TO "RECEIVE, HOLD, PROCURE, INVEST AND ADMINISTER PROPERTY [BOTH REAL AND UNREAL], AND MAKE EXPENDITURES TO OR FOR THE BENEFIT OF THE COLLEGE", AND TO SUSTAIN ITS OPERATIONS INTERNAL INDEPENDENT OF IN-KIND SUPPORT FROM THE COLLEGE.

Activities or mission (Part I)

TO SPONSOR AND ENGAGE IN ACTIVITIES THAT ADVANCE THE STRATEGIC INTEREST OF FLORIDA STATE COLLEGE AT JACKSONVILLE (THE COLLEGE) BY FOSTERING STRONG CONSTITUENT RELATIONSHIPS AND BY ENCOURAGING A CULTURE OF GIVING.

  • ORIGINALLY DEVELOPED AS A VEHICLE FOR MAKING THE ARTS MORE ACCESSIBLE TO STUDENTS, THE ARTIST SERIES SERVES AS A FUNDRAISING ARM OF THE FSCJ FOUNDATION AND SUPPORTS THE COLLEGE'S PERFORMING ARTS EFFORTS, INCLUDING THE SCHOLARSHIP ENDOWMENT FUND. THE FUND SUPPORTS TALENTED PERFORMING ARTS STUDENTS, AS WELL AS OTHER STUDENTS, ATTENDING FLORIDA STATE COLLEGE AT JACKSONVILLE. FROM BLOCKBUSTER BROADWAY SHOWS TO CULTURAL PROGRAMS FROM AROUND THE WORLD, FSCJ ARTIST SERIES' MISSION IS TO BRING QUALITY ENTERTAINMENT TO NORTHEAST FLORIDA AND SOUTHEAST GEORGIA TO ENHANCE AND ENRICH THE LIVES OF INDIVIDUALS OF ALL AGES AND TASTES. THE UNIQUE BLEND OF MUSICAL AND DRAMATIC PRESENTATIONS ATTRACTS ONE OF THE LARGEST AUDIENCES IN THE AREA.

    Expenses $9,671,925 · Revenue $10,136,137

  • THE FOUNDATION PROVIDES FINANCIALLY FOR THE EDUCATIONAL NEEDS OF OUR STUDENTS THAT CANNOT BE MET THROUGH STATE AID OR STUDENT TUITION INCOME AND WORKS TO OFFER MONETARY SUPPORT FOR STUDENTS WHO WOULD OTHERWISE BE LEFT BEHIND. FSCJ FOUNDATION EXISTS TO SECURE THE FINANCIAL RESOURCES NECESSARY FOR THE COLLEGE TO PROVIDE ITS STUDENTS ACCESS TO AN AFFORDABLE, QUALITY EDUCATION. ADDITIONALLY, THE FOUNDATION WORKS TO CULTIVATE MEANINGFUL RELATIONSHIPS TO SUPPORT PROGRAMMING DEVELOPMENT THAT ADDRESSES THE HIGHLY SPECIFIC EDUCATIONAL, CIVIC, ECONOMIC AND WORKFORCE NEEDS OF OUR COMMUNITY.

    Expenses $3,520,478 · Grants $3,520,478

As filed on the 2024 return.

Listed in Part VII

  • Brent Lister

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Danny Berenburg

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeff Mall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Avendano

    COLLEGE PRESIDENT

    Total calculated
    $437,544
    From this org
    $0
    From related orgs
    $354,413
    Other
    $83,131
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,369 related
    Bonus
    $0 + $52,370 related
    Other
    $0 + $59,674 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $60,631 related
    Filer's total
    $0 + $437,544 related

  • Valerie Hendriex-Jenkins

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Barnwell Brownlee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Atiya Abdelmalik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aundra Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Parks

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carlos Jimenez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Verlander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Lisska

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margarita Cabral-Maly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Corrigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Bell

    DBOT LIASON

    Total calculated
    $0
    Hours/week
    1

  • Rudolph McKissick Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Tresca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • R Scott Evans

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Christopher Lambert

    VP OF ADVANCEMENT & EXEC

    Total calculated
    $154,614
    From this org
    $107,684
    From related orgs
    $0
    Other
    $46,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,634
    Bonus
    $0
    Other
    $5,050
    Deferred
    $0
    Nontaxable benefits
    $46,930
    Filer's total
    $154,614

  • Cleve Warren

    CHIEF INVESTMENT OFFICER

    Total calculated
    $165,819
    From this org
    $134,812
    From related orgs
    $0
    Other
    $31,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,113
    Bonus
    $6,699
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,007
    Filer's total
    $165,819

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • FLORIDA STATE COLLEGE AT JACKSONVILLE

    $2,457,268

    PROGRAMMATIC SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FLORIDA STATE COLLEGE AT JACKSONVILLE

    501(A) · EDUCATION · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
3 September 2026
IRS schema version
2024v5.1
Source object
202632469349301523

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