Form 990 for tax year 2024
Filed by COLLEGE OF CENTRAL FLORIDA FOUNDATION INC.
Totals
- Total revenue
- $16,561,319
- Total expenses
- $6,352,877
- Contributions and grants received
- $6,965,447
- Grants paid
- $3,966,841
- Program service revenue
- $1,053,978
- Investment income
- $8,485,755
- Other revenue
- $56,139
- Total assets, end of year
- $141,876,227
- Total liabilities, end of year
- $929,145
- Net assets or fund balances, end of year
- $140,947,082
- Program services expenses (Part IX)
- $5,451,688
- Management and general expenses
- $650,762
- Fundraising expenses
- $250,427
- Program service expenses (Part III)
- $5,451,688
Program services were 85.8% 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.
-
1b · Membership dues
$10,200
-
1c · Fundraising events
$4,560
-
1f · All other contributions, gifts and grants
$6,950,687
-
1g · Noncash contributions included above
$216,360
-
2a · Program service revenue: STUDENT HOUSING INCOME
total $922,592 · related or exempt $922,592
-
2b · Program service revenue: ENTERPRISE CENTER INCOME
total $131,386 · related or exempt $131,386
-
3 · Investment income
total $7,808,789 · excluded $7,808,789
-
6a · Gross rents
real property $10,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $10,000
-
6d · Net rental income or loss
total $10,000 · excluded $10,000
-
7a · Gross sales of assets other than inventory
securities $18,226,845
-
7b · Less cost or other basis and sales expenses
securities $17,549,879
-
7c · Gain or loss
securities $676,966
-
7d · Net gain or loss
total $676,966 · excluded $676,966
-
8a · Fundraising events: gross income
$74,025
-
8a · Fundraising events: contributions included on line 1c
$4,560
-
8b · Fundraising events: direct expenses
$27,886
-
8c · Net income from fundraising events
total $46,139 · excluded $46,139
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,820,959 · program services $2,820,959
-
2 · Grants to domestic individuals
total $1,145,882 · program services $1,145,882
-
11a · Fees: management
total $258,482 · management and general $258,482
-
11b · Fees: legal
total $11,605 · management and general $11,605
-
11c · Fees: accounting
total $43,565 · management and general $43,565
-
11d · Fees: lobbying
total $121,089 · management and general $121,089
-
11f · Fees: investment management
total $400,000 · program services $400,000
-
11g · Fees: other
total $132,538 · management and general $132,538
-
12 · Advertising and promotion
total $2,651 · management and general $2,651
-
13 · Office expenses
total $34,211 · program services $1,175 · management and general $10,435 · fundraising $22,601
-
14 · Information technology
total $6,634 · management and general $6,634
-
17 · Travel
total $782 · management and general $367 · fundraising $415
-
19 · Conferences, conventions and meetings
total $4,440 · management and general $4,440
-
20 · Interest
total $9,859 · program services $8,080 · management and general $1,779
-
22 · Depreciation, depletion and amortization
total $191,898 · program services $160,313 · management and general $31,585
-
23 · Insurance
total $48,692 · program services $29,319 · management and general $19,373
-
24a · Other expenses: COLLEGE SQUARE OPERATIN
total $766,155 · program services $766,155
-
24b · Other expenses: PERSONNEL COST REIMBURS
total $196,717 · fundraising $196,717
-
24c · Other expenses: ENTERPRISE CENTER EXPEN
total $119,805 · program services $119,805
-
24d · Other expenses: MISC. FUNDRAISING EXPEN
total $18,285 · management and general $5,880 · fundraising $12,405
-
24e · All other expenses
total $18,628 · management and general $339 · fundraising $18,289
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,466,084 · end of year $1,899,569
-
2 · Savings and temporary cash investments
beginning of year $13,459,966 · end of year $12,546,377
-
3 · Pledges and grants receivable
beginning of year $122,897 · end of year $81,931
-
7 · Other notes and loans receivable
beginning of year $9,919 · end of year $11,394
-
9 · Prepaid expenses and deferred charges
beginning of year $58,609 · end of year $48,974
-
10a · Land, buildings and equipment: cost or other basis
$24,229,433
-
10b · Land, buildings and equipment: accumulated depreciation
$2,660,439
-
10c · Land, buildings and equipment, net
beginning of year $23,052,396 · end of year $21,568,994
-
11 · Investments: publicly traded securities
beginning of year $90,823,978 · end of year $105,586,029
-
15 · Other assets
beginning of year $280,238 · end of year $132,959
-
17 · Accounts payable and accrued expenses
beginning of year $357,417 · end of year $240,327
-
18 · Grants payable
beginning of year $471,498 · end of year $451,095
-
19 · Deferred revenue
beginning of year $154,006 · end of year $141,189
-
25 · Other liabilities
beginning of year $257,101 · end of year $96,534
-
29 · Capital stock, trust principal or current funds
beginning of year $8,609,535 · end of year $9,202,069
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $23,052,396 · end of year $21,547,937
-
31 · Retained earnings, endowment or other funds
beginning of year $96,372,134 · end of year $110,197,076
Mission and programs · 2024
Mission
COLLEGE OF CENTRAL FLORIDA FOUNDATION'S MISSION IS TO IDENTIFY, SOLICIT AND ACQUIRE RESTRICTED AND UNRESTRICTED RESOURCES TO SUPPORT THE COLLEGE IN PROVIDING EDUCATIONAL SERVICES TO CITRUS, LEVY AND MARION COUNTIES.
Activities or mission (Part I)
THE COLLEGE OF CENTRAL FLORIDA FOUNDATION WAS ESTABLISHED TO PROVIDE LEADERSHIP SERVICE, VOLUNTARY ACTION, CHARITABLE GIVING AND COMMUNITY INVOLVEMENT. IN 2024 DONORS HAVE REMAINED LOYAL TO THE COLLEGE MISSION DONATING $5,309,121 IN SUPPORT, ESTABLISHING 12 NEW ENDOWMENTS, AND PROVIDING PROGRAM SUPPORT. THE PROMISE FOR THE FUTURE FUND OF $5 MILLION SUPPORTS PROGRAM DEVELOPMENT. ADDITIONAL FUNDING DONATED THROUGH THE PROMISE FOR THE FUTURE CAMPAIGN OF $2.1 MILLION IS AVAILABLE FOR THE LEVY COUNTY CAMPUS FACILITY AND PROGRAMS. TAKING ELEMENTARY PROMISING STUDENTS TO CF (STEPS TO CF) IS A UNIQUE PROGRAM THAT AWARDS FIFTH GRADE STUDENTS FROM DONOR-ADOPTED SCHOOLS SCHOLARSHIPS TO THE COLLEGE UPON THEIR HIGH SCHOOL GRADUATION. THE FOUNDATION PROVIDES AT LEAST TWO SCHOLARSHIPS OF $4,000 TOWARD TUITION AND FEES TO EVERY SCHOOL WITHIN THE 3 COUNTY SERVICE AREA. THE PATRIOT FUND PROVIDES EMERGENCY RELIEF FUNDS FOR STUDENTS FACING DIRE ECONOMIC SITUATIONS TO HELP THEM ACHIEVE THEIR ACADEMIC GOAL
-
PROGRAMS INCLUDE ENDOWMENT CHAIR/GRANT PROGRAM SUPPORT
Expenses $1,603,735 · Grants $1,203,734
-
SCHOLARSHIPS: FUNDS PROVIDED TO STUDENTS TO HELP PAY THE COSTS OF EDUCATION. RECIPIENT NAMES AND ADDRESSES ARE AVAILABLE IN THE ORGANIZATION'S RECORDS. IN 2024, SCHOLARSHIPS TOTALING $1,145,882 WERE AWARDED TO 1,386 RECIPIENTS.
Expenses $1,145,882 · Grants $1,145,882
-
INSTITUTIONAL SUPPORT FOR THE COLLEGE INCLUDING OWNING AND OPERATING THE ENTERPRISE CENTER, A SCHOOL-TO-WORK FACILITY BUILT BY THE ORGANIZATION. THE ENTERPRISE CENTER ASSET WAS CONTRIBUTED TO THE COLLEGE DURING 2024.
Expenses $1,813,611 · Grants $1,617,224 · Revenue $131,386
-
STUDENT HOUSING: THE FOUNDATION OWNS AND OPERATES A 192 UNIT APARTMENT COMPLEX FOR STUDENTS OF THE COLLEGE.
Expenses $888,460 · Revenue $922,592
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Greg BlairGREG BLAIR
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle StoneMICHELLE STONE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Drexel CollinsDREXEL COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Parker EilandPARKER EILAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry BentonJERRY BENTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jared KirbyJARED KIRBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill Paul JrBILL PAUL JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David RitterhoffDAVID RITTERHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RobertsJOHN ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil RosenbergPHIL ROSENBERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
William TriceWILLIAM TRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael HartMICHAEL HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patti ConradPATTI CONRAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron CampoAARON CAMPO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Winston NeedhamWINSTON NEEDHAM
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Erika SkulaERIKA SKULA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher R KnifeCHRISTOPHER R KNIFE
CEO
- Total calculated
- $208,233
- From this org
- $0
- From related orgs
- $147,829
- Other
- $60,404
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $0 + $147,829 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $51,214 related
- Nontaxable benefits
- $0 + $9,190 related
- Filer's total
- $0 + $208,233 related
-
Nadia MillerNADIA MILLER
CFO
- Total calculated
- $75,247
- From this org
- $0
- From related orgs
- $58,651
- Other
- $16,596
- Hours/week
- 38
-
Dawn GonsalvesDAWN GONSALVES
EXITING CFO 1/31/24
- Total calculated
- $7,588
- From this org
- $0
- From related orgs
- $6,193
- Other
- $1,395
- Hours/week
- 1
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
None.
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
-
COLLEGE OF CENTRAL FLORIDA
$1,296,555
ENDOW CHRS/INST ADV
-
COLLEGE OF CENTRAL FLORIDA
$0
BLDG/PROP FOR INST. ADVANCEMENT
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.
-
COLLEGE OF CENTRAL FLORIDA
HIGHER ED · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541629349300014
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.