Form 990 for tax year 2023
Filed by SOUTH FLORIDA STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,963,770
- Total expenses
- $2,374,010
- Contributions and grants received
- $2,219,900
- Grants paid
- $966,316
- Program service revenue
- $0
- Investment income
- $343,599
- Other revenue
- $400,271
- Total assets, end of year
- $21,665,764
- Total liabilities, end of year
- $971,943
- Net assets or fund balances, end of year
- $20,693,821
- Program services expenses (Part IX)
- $2,174,177
- Management and general expenses
- $146,871
- Fundraising expenses
- $52,962
- Program service expenses (Part III)
- $2,174,177
Program services were 91.6% 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.
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$2,209,900
-
1g · Noncash contributions included above
$458,000
-
3 · Investment income
total $343,599 · excluded $343,599
-
11a · Other revenue: PROPERTY RENTAL
total $400,224 · related or exempt $400,224
-
11b · Other revenue: MISCELLANEOUS
total $47 · related or exempt $47
-
11e · Other revenue, total
$400,271
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $966,316 · program services $966,316
-
12 · Advertising and promotion
total $4,069 · management and general $2,970 · fundraising $1,099
-
13 · Office expenses
total $26,053 · program services $10,634 · management and general $11,362 · fundraising $4,057
-
16 · Occupancy
total $111,754 · program services $111,723 · management and general $31
-
17 · Travel
total $19,084 · program services $7,560 · management and general $11,524
-
22 · Depreciation, depletion and amortization
total $32,615 · program services $30,995 · management and general $1,301 · fundraising $319
-
23 · Insurance
total $10,566 · management and general $10,566
-
24a · Other expenses: OTHER SERVICES
total $262,427 · program services $236,355 · management and general $10,473 · fundraising $15,599
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $210,254 · program services $210,254
-
24c · Other expenses: BANK SERVICE FEES
total $121,838 · program services $121,838
-
24d · Other expenses: MINOR EQUIPMENT
total $121,276 · program services $120,776 · management and general $500
-
24e · All other expenses
total $487,758 · program services $357,726 · management and general $98,144 · fundraising $31,888
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,923,665 · end of year $1,328,928
-
4 · Accounts receivable
beginning of year $99,054 · end of year $34,552
-
9 · Prepaid expenses and deferred charges
beginning of year $2,353 · end of year $9,744
-
10a · Land, buildings and equipment: cost or other basis
$2,059,385
-
10b · Land, buildings and equipment: accumulated depreciation
$1,271,676
-
10c · Land, buildings and equipment, net
beginning of year $820,323 · end of year $787,709
-
11 · Investments: publicly traded securities
beginning of year $15,538,299 · end of year $19,043,273
-
15 · Other assets
beginning of year $3,602 · end of year $461,558
-
17 · Accounts payable and accrued expenses
beginning of year $303,069 · end of year $146,979
-
19 · Deferred revenue
beginning of year $87,331 · end of year $78,297
-
25 · Other liabilities
beginning of year $676,667 · end of year $746,667
-
27 · Net assets without donor restrictions
beginning of year $2,591,545 · end of year $2,797,141
-
28 · Net assets with donor restrictions
beginning of year $14,728,684 · end of year $17,896,680
Mission and programs · 2023
Mission
ASSIST SOUTH FLORIDA STATE COLLEGE IN THE DELIVERY OF EDUCATIONAL SERVICES TO THE CITIZENS OF HIGHLANDS, HARDEE, AND DESOTO COUNTIES.
-
SCHOLARSHIPS TO SOUTH FLORIDA STATE COLLEGE STUDENTS AND TAKE STOCK IN CHILDREN SCHOLARSHIPS
Expenses $1,920,226 · Grants $966,316
-
DORMS AND OTHER SERVICES TO SOUTH FLORIDA STATE COLLEGE STUDENTS
Expenses $253,951
As filed on the 2023 return.
Listed in Part VII
-
Corey AllainCOREY ALLAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judge Heather BeatoJUDGE HEATHER BEATO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandee BraxtonSANDEE BRAXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl BrownCHERYL BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Catherine P CorneliusDR CATHERINE P CORNELIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judge Angela J CowdenJUDGE ANGELA J COWDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert E DuncanROBERT E DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don ElwellDON ELWELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Darrell JensenDARRELL JENSEN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Fred Hawkins JrFRED HAWKINS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael KellyMICHAEL KELLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Patricia MandervillePATRICIA MANDERVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr George MousaDR GEORGE MOUSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew SantosANDREW SANTOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Vinod C ThakkarDR VINOD C THAKKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin WeeksROBIN WEEKS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patrick Joe WrightPATRICK JOE WRIGHT
DBOT LIAISON
- Total calculated
- $0
- 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.
Grants on this return
-
SOUTH FLORIDA STATE COLLEGE
$966,316
SCHOLARSHIPS
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.
-
SOUTH FLORIDA STATE COLLEGE
COLLEGE · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441449349301364
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