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← EASTERN FLORIDA STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by EASTERN FLORIDA STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,606,676
Total expenses
$2,004,209
Contributions and grants received
$603,700
Grants paid
$1,044,559
Program service revenue
$223,450
Investment income
$590,722
Other revenue
$188,804
Total assets, end of year
$26,218,988
Total liabilities, end of year
$16,933
Net assets or fund balances, end of year
$26,202,055
Program services expenses (Part IX)
$1,649,756
Management and general expenses
$207,671
Fundraising expenses
$146,782
Program service expenses (Part III)
$1,649,756

Program services were 82.3% 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.

  • 1f · All other contributions, gifts and grants

    $603,700

  • 1g · Noncash contributions included above

    $50,336

  • 2a · Program service revenue: ATHLETICS/CHORUS/OTHER

    total $195,087 · related or exempt $195,087

  • 2b · Program service revenue: ADMINISTRATIVE FEES

    total $28,363 · related or exempt $28,363

  • 3 · Investment income

    total $717,088 · excluded $717,088

  • 6a · Gross rents

    real property $4,563

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,563

  • 6d · Net rental income or loss

    total $4,563 · excluded $4,563

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

    securities $126,366

  • 7c · Gain or loss

    securities -$126,366

  • 7d · Net gain or loss

    total -$126,366 · excluded -$126,366

  • 8a · Fundraising events: gross income

    $227,624

  • 8b · Fundraising events: direct expenses

    $43,383

  • 8c · Net income from fundraising events

    total $184,241 · excluded $184,241

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,044,559 · program services $1,044,559

  • 7 · Other salaries and wages

    total $190,355 · program services $138,337 · fundraising $52,018

  • 8 · Pension plan contributions

    total $21,237 · program services $14,962 · fundraising $6,275

  • 9 · Other employee benefits

    total $26,063 · program services $14,467 · fundraising $11,596

  • 10 · Payroll taxes

    total $14,308 · program services $10,263 · fundraising $4,045

  • 11a · Fees: management

    total $160 · management and general $160

  • 11c · Fees: accounting

    total $11,885 · management and general $11,885

  • 11d · Fees: lobbying

    total $96,535 · program services $96,535

  • 11f · Fees: investment management

    total $174,813 · program services $35,435 · management and general $139,378

  • 11g · Fees: other

    total $180,678 · program services $128,794 · management and general $21,082 · fundraising $30,802

  • 12 · Advertising and promotion

    total $11,052 · program services $4,975 · management and general $1,032 · fundraising $5,045

  • 13 · Office expenses

    total $99,275 · program services $74,141 · management and general $8,726 · fundraising $16,408

  • 16 · Occupancy

    total $1,460 · management and general $1,027 · fundraising $433

  • 17 · Travel

    total $44,996 · program services $32,491 · management and general $11,605 · fundraising $900

  • 19 · Conferences, conventions and meetings

    total $57,944 · program services $35,893 · management and general $6,729 · fundraising $15,322

  • 22 · Depreciation, depletion and amortization

    total $837 · management and general $837

  • 23 · Insurance

    total $4,555 · management and general $3,555 · fundraising $1,000

  • 24a · Other expenses: CAPITAL OUTLAY

    total $15,100 · program services $15,100

  • 24b · Other expenses: MISCELLANEOUS

    total $7,736 · program services $3,804 · management and general $994 · fundraising $2,938

  • 24c · Other expenses: MEMBERSHIP DUES

    total $661 · management and general $661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $455,014 · end of year $366,207

  • 4 · Accounts receivable

    beginning of year $17,935 · end of year $108,976

  • 7 · Other notes and loans receivable

    beginning of year $1,214

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,015 · end of year $42,237

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

    $172,490

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

    $118,643

  • 10c · Land, buildings and equipment, net

    beginning of year $54,684 · end of year $53,847

  • 11 · Investments: publicly traded securities

    beginning of year $24,180,613 · end of year $25,537,719

  • 15 · Other assets

    beginning of year $109,802 · end of year $109,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,827 · end of year $16,933

  • 27 · Net assets without donor restrictions

    beginning of year $3,319,433 · end of year $3,448,878

  • 28 · Net assets with donor restrictions

    beginning of year $21,521,217 · end of year $22,753,177

Mission and programs · 2022

Mission

THE EASTERN FLORIDA STATE COLLEGE FOUNDATION PROVIDES FINANCIAL RESOURCES TO ENHANCE EASTERN FLORIDA STATE COLLEGE PROGRAMS AND SERVICES TO BENEFIT THE STUDENT, ITS FACULTY AND STAFF AND THE COMMUNITY IT SERVES.

Activities or mission (Part I)

THE EASTERN FLORIDA STATE COLLEGE FOUNDATION SUPPORTS THE COLLEGE AND COMMUNITY BY FUNDING SCHOLARSHIPS TO STUDENTS, TRAINING FACULTY AND STAFF AND PROVIDING EDUCATIONAL EQUIPMENT.

  • THE EFSC FOUNDATION SUPPORTED EASTERN FLORIDA STATE COLLEGE BY AWARDING AND FUNDING 1,093 SCHOLARSHIPS DURING FISCAL YEAR 2022-2023.

    Expenses $1,044,559 · Grants $1,044,559 · Revenue $36,667

  • THE FOUNDATION SUPPORTED VARIOUS COLLEGE INITIATIVES SUCH AS ENTREPRENEURSHIP BUSINESS SEMINARS AND EDUCATIONAL EQUIPMENT PURCHASES FOR THE ATHLETICS AND HEALTH SCIENCE PROGRAMS.

    Expenses $605,197 · Revenue $186,783

As filed on the 2022 return.

Listed in Part VII

  • Moses Harvin II

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Randy Coleman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mel Mills

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dr James H Richey JD

    PRESIDENT OF EFSC

    Total calculated
    $0
    Hours/week
    5

  • Dr Edgar Figueroa

    EFSC BOARD OF TRUSTEE APPOINTEE

    Total calculated
    $0
    Hours/week
    5

  • Judy Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dave Lightholder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Bill Row

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Natasha Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Adam Bird

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Trizia G Eavenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Thomas Laflore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Dan Kelley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Bergsieker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Mark S Mikolajczyk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • John D Kuchta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Laura Maxwell

    VP OPERATIONS, CFO

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202420609349300007

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