Form 990 for tax year 2025
Filed by THE PENSACOLA STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $4,112,333
- Total expenses
- $2,197,019
- Contributions and grants received
- $1,424,311
- Grants paid
- $901,843
- Program service revenue
- $109,651
- Investment income
- $2,474,437
- Other revenue
- $103,934
- Total assets, end of year
- $54,243,922
- Total liabilities, end of year
- $2,277,748
- Net assets or fund balances, end of year
- $51,966,174
- Program services expenses (Part IX)
- $1,774,882
- Management and general expenses
- $322,859
- Fundraising expenses
- $99,278
- Program service expenses (Part III)
- $1,774,882
Program services were 80.8% 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.
-
1c · Fundraising events
$242,520
-
1f · All other contributions, gifts and grants
$1,181,791
-
1g · Noncash contributions included above
$28,821
-
2a · Program service revenue: FOUNDATION PROGRAMS
total $109,651 · related or exempt $109,651
-
3 · Investment income
total $1,291,502 · excluded $1,291,502
-
6a · Gross rents
real property $60,437
-
6b · Less rental expenses
real property $25,753
-
6c · Rental income or loss
real property $34,684
-
6d · Net rental income or loss
total $34,684 · excluded $34,684
-
7a · Gross sales of assets other than inventory
securities $9,655,364
-
7b · Less cost or other basis and sales expenses
securities $8,472,429
-
7c · Gain or loss
securities $1,182,935
-
7d · Net gain or loss
total $1,182,935 · excluded $1,182,935
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$242,520
-
8b · Fundraising events: direct expenses
$74,450
-
8c · Net income from fundraising events
total -$74,450 · excluded -$74,450
-
11a · Other revenue: MISCELLANEOUS INCOME
total $143,700 · related or exempt $143,700
-
11e · Other revenue, total
$143,700
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $901,843 · program services $901,843
-
7 · Other salaries and wages
total $251,604 · program services $174,269 · management and general $17,985 · fundraising $59,350
-
11b · Fees: legal
total $50,194 · program services $2,636 · management and general $47,558
-
11c · Fees: accounting
total $31,920 · management and general $31,920
-
11d · Fees: lobbying
total $90,144 · program services $90,144
-
11g · Fees: other
total $35,718 · program services $13,449 · management and general $22,269
-
13 · Office expenses
total $17,008 · program services $6,946 · management and general $10,062
-
16 · Occupancy
total $184,518 · program services $122,935 · management and general $61,583
-
17 · Travel
total $56,297 · program services $53,780 · management and general $2,385 · fundraising $132
-
19 · Conferences, conventions and meetings
total $33,271 · program services $24,785 · management and general $8,486
-
22 · Depreciation, depletion and amortization
total $20,835 · management and general $20,835
-
23 · Insurance
total $5,014 · management and general $5,014
-
24a · Other expenses: PROGRAM SERVICE EXPENSE
total $222,641 · program services $222,641
-
24b · Other expenses: BANK CHARGES
total $85,622 · program services $1,294 · management and general $84,328
-
24c · Other expenses: PROGRAM SUPPLIES
total $64,642 · program services $64,642
-
24d · Other expenses: EQUIPMENT EXPENSES
total $41,858 · program services $41,858
-
24e · All other expenses
total $103,890 · program services $53,660 · management and general $10,434 · fundraising $39,796
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,511,596 · end of year $4,795,252
-
2 · Savings and temporary cash investments
beginning of year $1,013,109 · end of year $1,025,989
-
3 · Pledges and grants receivable
beginning of year $318,444 · end of year $164,394
-
4 · Accounts receivable
beginning of year $8,904 · end of year $8,308
-
9 · Prepaid expenses and deferred charges
beginning of year $28,368 · end of year $26,866
-
10a · Land, buildings and equipment: cost or other basis
$503,354
-
10b · Land, buildings and equipment: accumulated depreciation
$503,354
-
10c · Land, buildings and equipment, net
beginning of year $20,835 · end of year $0
-
12 · Investments: other securities
beginning of year $39,181,839 · end of year $46,122,160
-
15 · Other assets
beginning of year $2,075,992 · end of year $2,100,953
-
17 · Accounts payable and accrued expenses
beginning of year $20,369 · end of year $94,565
-
19 · Deferred revenue
beginning of year $1,996,741 · end of year $2,183,183
-
25 · Other liabilities
beginning of year $161,481 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,042,138 · end of year $2,372,885
-
28 · Net assets with donor restrictions
beginning of year $44,938,358 · end of year $49,593,289
Mission and programs · 2025
Mission
THE MISSION OF PENSACOLA STATE COLLEGE FOUNDATION IS TO CHANGE LIVES BY PROVIDING STUDENTS ACCESS TO AN AFFORDABLE, QUALITY EDUCATION AND TO SUPPORT THE GROWTH AND DEVELOPMENT OF PSC, ITS FACULTY, STAFF, AND CAMPUS FACILITIES IN ORDER TO ENHANCE THE COLLEGE'S IMPACT IN ITS SURROUNDING COMMUNITIES.
Activities or mission (Part I)
TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE PENSACOLA STATE COLLEGE AND ITS OBJECTIVES. THE MISSION OF PENSACOLA STATE COLLEGE FOUNDATION IS TO CHANGE LIVES BY PROVIDING STUDENTS ACCESS TO AN AFFORDABLE, QUALITY EDUCATION AND TO SUPPORT THE GROWTH AND DEVELOPMENT OF PSC, ITS FACULTY, STAFF, AND CAMPUS FACILITIES IN ORDER TO ENHANCE THE COLLEGE'S IMPACT IN ITS SURROUNDING COMMUNITIES.
-
THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS TO PENSACOLA STATE COLLEGE.
Expenses $901,843 · Grants $901,843
-
THE FOUNDATION ASSISTS COLLEGE DEPARTMENTS IN PROVIDING PROGRAM SERVICES.
Expenses $763,255 · Revenue $253,351
-
THE FOUNDATION ASSISTS COLLEGE DEPARTMENTS IN ACQUIRING INSTRUCTIONAL EQUIPMENT AND INCREASES PUBLIC AWARENESS OF THE COLLEGE AND THE COLLEGE'S ENROLLMENT.
Expenses $109,784
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MIKE MORETTE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.81
-
JENNIFER COLE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.72
-
TOM OWENS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.82
-
CHANDRA SMILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.44
-
ALAN NICKELSEN
BY-LAWS CHAIR
- Total calculated
- $0
- Hours/week
- 0.46
-
ASHLEE HOFBERGER
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.78
-
BECCA BOLES
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 1.38
-
BILL WEIN
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.85
-
CARTER HERMAN
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.57
-
CHARLIE SHERRILL III
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.95
-
CHRISTA DAVIS
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 1.57
-
COLTEN WRIGHT
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.54
-
DICK DIXON
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.95
-
DOUG BATES
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.38
-
ED CARSON
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.68
-
ERIC RANDALL
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.94
-
FALLON KURPUIS
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.46
-
JAMES REEVES
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.77
-
JESSICA WIMER
MARKETING CHAIR
- Total calculated
- $0
- Hours/week
- 0.68
-
JODI BELL
MARKETING CHAIR
- Total calculated
- $0
- Hours/week
- 1.28
-
KENDRICK DOIDGE
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 2.02
-
KRAMER LITVAK
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.38
-
LANE HARPER
NOMINATING CHAIR
- Total calculated
- $0
- Hours/week
- 0.6
-
MIKE CRANEY
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 1.54
-
SHARON HESS HERRICK
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.78
-
TREY POIRIER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.63
-
TYLER KERCHER
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.28
-
WILL MOORE
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 1.1
-
JIM BENSON
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.2
-
NANCY FEETTERMAN
HONONARY GOVERNOR
- Total calculated
- $0
- Hours/week
- 0.2
-
HAL GEORGE
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.44
-
THOMAS LAMPONE
HONONARY GOVERNOR
- Total calculated
- $0
- Hours/week
- 0.2
-
ADRIENNE MAYGARDEN
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.2
-
BOBBY POTOMSKI
HONONARY GOVERNOR
- Total calculated
- $0
- Hours/week
- 0.19
-
JO-ANN PRICE
GOVERNOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.23
-
BETTY ROBERTS
HONONARY GOVERNOR
- Total calculated
- $0
- Hours/week
- 0.24
-
KERRY ANNE SCHULTZ
HONONARY GOVERNOR
- Total calculated
- $0
- Hours/week
- 0.17
-
ANDREA KRIEGER
EXECUTIVE DIRECTOR
- Total calculated
- $197,267
- From this org
- $135,482
- From related orgs
- $0
- Other
- $61,785
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,482
- Bonus
- $0
- Other
- $0
- Deferred
- $50,809
- Nontaxable benefits
- $10,976
- Filer's total
- $197,267
-
CASSIE REDMYER
DIRECTOR OF PHILANTHROPY
- Total calculated
- $59,676
- From this org
- $52,065
- From related orgs
- $0
- Other
- $7,611
- Hours/week
- 40
-
LAURA HILL
DIRECTOR OF DONOR RELATIONS
- Total calculated
- $91,228
- From this org
- $70,464
- From related orgs
- $0
- Other
- $20,764
- Hours/week
- 40
-
MINA COLON
DIRECTOR OF FINANCE & BUSINESS OPERATIONS
- Total calculated
- $94,962
- From this org
- $62,925
- From related orgs
- $0
- Other
- $32,037
- Hours/week
- 40
-
MIKENZIE FRANCIS
DIRECTOR OF FOUNDATION SCHOLARSHIPS
- Total calculated
- $85,598
- From this org
- $65,829
- From related orgs
- $0
- Other
- $19,769
- Hours/week
- 40
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
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 3
- THERE IS A FOUNDATION HIRING COMMITTEE THAT WORKS WITH PENSACOLA STATE COLLEGE. THE COLLEGE SETS THE SALARIES.
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
-
$901,843
SCHOOL GRANTS/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.
-
501(C)(3) · EDUCATION · FL
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 14 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601349349311485
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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