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← EASTERN FLORIDA STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by EASTERN FLORIDA STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$3,684,284
Total expenses
$2,354,853
Contributions and grants received
$1,100,748
Grants paid
$1,230,462
Program service revenue
$207,465
Investment income
$2,177,481
Other revenue
$198,590
Total assets, end of year
$31,291,538
Total liabilities, end of year
$39,797
Net assets or fund balances, end of year
$31,251,741
Program services expenses (Part IX)
$1,683,053
Management and general expenses
$514,069
Fundraising expenses
$157,731
Program service expenses (Part III)
$1,683,053

Program services were 71.5% 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

    $1,100,748

  • 1g · Noncash contributions included above

    $56,413

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

    total $180,701 · related or exempt $180,701

  • 2b · Program service revenue: ADMINISTRATIVE FEES

    total $26,764 · related or exempt $26,764

  • 3 · Investment income

    total $753,712 · excluded $753,712

  • 6a · Gross rents

    real property $4,827

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,827

  • 6d · Net rental income or loss

    total $4,827 · excluded $4,827

  • 7a · Gross sales of assets other than inventory

    securities $7,439,750

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

    securities $6,015,981

  • 7c · Gain or loss

    securities $1,423,769

  • 7d · Net gain or loss

    total $1,423,769 · excluded $1,423,769

  • 8a · Fundraising events: gross income

    $233,597

  • 8b · Fundraising events: direct expenses

    $39,834

  • 8c · Net income from fundraising events

    total $193,763 · excluded $193,763

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,230,462 · program services $1,230,462

  • 7 · Other salaries and wages

    total $220,276 · program services $15,500 · management and general $157,564 · fundraising $47,212

  • 8 · Pension plan contributions

    total $28,463 · program services $886 · management and general $21,142 · fundraising $6,435

  • 9 · Other employee benefits

    total $43,957 · program services $380 · management and general $33,473 · fundraising $10,104

  • 10 · Payroll taxes

    total $16,756 · program services $938 · management and general $12,130 · fundraising $3,688

  • 11c · Fees: accounting

    total $24,500 · management and general $24,500

  • 11d · Fees: lobbying

    total $164,000 · program services $164,000

  • 11f · Fees: investment management

    total $223,254 · program services $42,954 · management and general $180,300

  • 11g · Fees: other

    total $76,200 · program services $59,324 · management and general $2,841 · fundraising $14,035

  • 12 · Advertising and promotion

    total $7,778 · program services $2,550 · management and general $958 · fundraising $4,270

  • 13 · Office expenses

    total $179,393 · program services $85,001 · management and general $43,798 · fundraising $50,594

  • 16 · Occupancy

    total $1,466 · management and general $1,141 · fundraising $325

  • 17 · Travel

    total $36,484 · program services $27,422 · management and general $8,410 · fundraising $652

  • 19 · Conferences, conventions and meetings

    total $72,007 · program services $44,216 · management and general $10,294 · fundraising $17,497

  • 23 · Insurance

    total $5,323 · management and general $3,983 · fundraising $1,340

  • 24a · Other expenses: CAPITAL OUTLAY

    total $12,738 · management and general $12,738

  • 24b · Other expenses: MISCELLANEOUS

    total $10,811 · program services $9,010 · management and general $222 · fundraising $1,579

  • 24c · Other expenses: MEMBERSHIP DUES

    total $985 · program services $410 · management and general $575

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 $274,346 · end of year $653,276

  • 4 · Accounts receivable

    beginning of year $439,444 · end of year $364,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,311 · end of year $30,292

  • 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 $53,847 · end of year $53,847

  • 11 · Investments: publicly traded securities

    beginning of year $27,933,931 · end of year $30,080,001

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,837 · end of year $36,797

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,914,995 · end of year $4,351,675

  • 28 · Net assets with donor restrictions

    beginning of year $24,889,049 · end of year $26,900,066

Mission and programs · 2024

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 1,270 SCHOLARSHIPS DURING FISCAL YEAR 2024-25.

    Expenses $1,230,462 · Grants $1,230,462 · Revenue $51,007

  • THE FOUNDATION SUPPORTED VARIOUS COLLEGE INITIATIVES SUCH AS ENTREPRENEURSHIP BUSINESS SEMINARS AND EDUCATIONAL EQUIPMENT PURCHASES FOR HEALTH SCIENCE PROGRAMS ALONG WITH SUPPORT TO COLLEGE WIDE/ATHLETIC INITIATIVES.

    Expenses $452,591 · Revenue $156,458

As filed on the 2024 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 APP.

    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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • 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

  • George Roman

    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.

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.

  • EASTERN FLORIDA STATE COLLEGE

    EDUCATION · FL

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202522839349301342

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