Form 990 for tax year 2023
Filed by DAYTONA STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $4,909,757
- Total expenses
- $1,743,782
- Contributions and grants received
- $4,031,600
- Grants paid
- $1,432,278
- Program service revenue
- $0
- Investment income
- $849,741
- Other revenue
- $28,416
- Total assets, end of year
- $40,378,111
- Total liabilities, end of year
- $242,307
- Net assets or fund balances, end of year
- $40,135,804
- Program services expenses (Part IX)
- $1,495,428
- Management and general expenses
- $234,149
- Fundraising expenses
- $14,205
- Program service expenses (Part III)
- $1,495,428
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.
-
1c · Fundraising events
$162,900
-
1f · All other contributions, gifts and grants
$3,868,700
-
1g · Noncash contributions included above
$89,792
-
3 · Investment income
total $861,309 · excluded $861,309
-
7a · Gross sales of assets other than inventory
securities $2,696,645
-
7b · Less cost or other basis and sales expenses
securities $2,708,213
-
7c · Gain or loss
securities -$11,568
-
7d · Net gain or loss
total -$11,568 · excluded -$11,568
-
8a · Fundraising events: gross income
$52,780
-
8a · Fundraising events: contributions included on line 1c
$162,900
-
8b · Fundraising events: direct expenses
$24,364
-
8c · Net income from fundraising events
total $28,416 · excluded $28,416
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $201,138 · program services $201,138
-
2 · Grants to domestic individuals
total $1,231,140 · program services $1,231,140
-
11c · Fees: accounting
total $17,625 · management and general $17,625
-
11f · Fees: investment management
total $62,493 · management and general $62,493
-
11g · Fees: other
total $133,429 · program services $11,395 · management and general $122,034
-
12 · Advertising and promotion
total $27,966 · program services $10,599 · management and general $6,954 · fundraising $10,413
-
13 · Office expenses
total $28,959 · program services $19,838 · management and general $9,121
-
16 · Occupancy
total $6,455 · program services $6,455
-
17 · Travel
total $6,810 · program services $4,168 · management and general $2,642
-
19 · Conferences, conventions and meetings
total $15,698 · program services $5,116 · management and general $10,582
-
24a · Other expenses: OTHER SERVICES AND EXPE
total $8,277 · program services $5,579 · management and general $2,698
-
24e · All other expenses
total $3,792 · fundraising $3,792
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $506,203 · end of year $217,283
-
2 · Savings and temporary cash investments
beginning of year $1,943,114 · end of year $326,948
-
3 · Pledges and grants receivable
beginning of year $100,000 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $28,327,931 · end of year $35,355,237
-
12 · Investments: other securities
beginning of year $2,302,985 · end of year $4,279,004
-
15 · Other assets
beginning of year $30,834 · end of year $199,639
-
17 · Accounts payable and accrued expenses
beginning of year $5,040 · end of year $41,396
-
25 · Other liabilities
beginning of year $100,057 · end of year $200,911
-
29 · Capital stock, trust principal or current funds
beginning of year $115,440 · end of year $532,153
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $32,990,530 · end of year $39,603,651
Mission and programs · 2023
Mission
A DIRECT SUPPORT ORGANIZATION OF DAYTONA STATE COLLEGE (DSC). THE PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS, AND OTHER FUNDING, FOR CRITICAL NEEDS THAT ARE BEYOND THE SCOPE OF THE COLLEGE'S BUDGET.
-
GRANTS AND OTHER ASSISTANCE INCLUDING DAYTONA STATE COLLEGE PROGRAM SUPPORT THAT FUNDS TRIO STUDENT SUPPORT SERVICES, CAMPUS CHILD CARE, ATHLETICS, THE SCHOOL OF NURSING ENDOWMENT, AND THE ENTREPRENEURIAL PROGRAM.
Expenses $201,138 · Grants $201,138
-
STUDENT ASSISTANCE IN THE FORM OF TUITION, BOOKS, MATERIALS, SCHOLARSHIPS OR GRANTS FOR EMERGENCY FINANCIAL ASSISTANCE.
Expenses $1,231,140 · Grants $1,231,140
-
OTHER SUPPORT TO THE COLLEGE FACILITY OR PROGRAM ACTIVITIES.
Expenses $63,150 · Revenue $28,416
As filed on the 2023 return.
Listed in Part VII
-
ZINA GRAU
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
RUFUS JOHNSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM LENSSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MARY BOYD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DENIS SHELLEY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BOBBY THIGPEN
CHAIR - INVESTMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
GREG SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LOUIS SENO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHELE GOEB-BURKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAN FRANCATI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MAGGIE THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN HODGSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF ABBOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID SACKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NINA HOSSEINI LOCKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BEVERLY GRISSOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY D SNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KIM FULCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RANDY DYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS LOBASSO
PRESIDENT
- Total calculated
- $537,689
- From this org
- $0
- From related orgs
- $458,918
- Other
- $78,771
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $458,918 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $62,850 related
- Nontaxable benefits
- $0 + $15,921 related
- Filer's total
- $0 + $537,689 related
-
TIMOTHY NORTON
VP AND EXEC DIR - START 7/1/2023
- Total calculated
- $176,897
- From this org
- $0
- From related orgs
- $155,688
- Other
- $21,209
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $0 + $155,688 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,364 related
- Nontaxable benefits
- $0 + $8,845 related
- Filer's total
- $0 + $176,897 related
-
MARTIN CASS
CBO
- Total calculated
- $204,360
- From this org
- $0
- From related orgs
- $148,152
- Other
- $56,208
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $148,152 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $47,969 related
- Nontaxable benefits
- $0 + $8,239 related
- Filer's total
- $0 + $204,360 related
-
JUDITH D'APRILE-HAYDT
EXECUTIVE DIRECTOR - END 6/30/2023
- Total calculated
- $54,985
- From this org
- $0
- From related orgs
- $46,110
- Other
- $8,875
- 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
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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION AND BENEFITS ARE ESTABLISHED BY THE DAYTONA STATE COLLEGE DISTRICT BOARD OF TRUSTEES (BOARD) USING METHODS AS DETERMINED BY THE BOARD TO ESTABLISH REASONABLE COMPENSATION.
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
-
$201,138
COLLEGE PROGRAMS
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.
-
SEC 115 · PUBLIC EDUCATION · FL
-
DAYTONA STATE COLLEGE HOUSING CORPORATION
501(C)(3) · PROVIDE SUPPORT FOR DAYTONA STATE COLLEGE · FL
Directly controlled by DAYTONA STATE COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349301009
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