Form 990 for tax year 2024
Filed by STATE COLLEGE OF FLORIDA FOUNDATION INC.
Totals
- Total revenue
- $9,169,741
- Total expenses
- $4,922,845
- Contributions and grants received
- $5,670,699
- Grants paid
- $2,937,095
- Program service revenue
- $0
- Investment income
- $3,595,388
- Other revenue
- -$96,346
- Total assets, end of year
- $105,321,832
- Total liabilities, end of year
- $1,554,228
- Net assets or fund balances, end of year
- $103,767,604
- Program services expenses (Part IX)
- $3,504,357
- Management and general expenses
- $1,032,041
- Fundraising expenses
- $386,447
- Program service expenses (Part III)
- $3,504,357
Program services were 71.2% 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
$349,595
-
1f · All other contributions, gifts and grants
$5,321,104
-
1g · Noncash contributions included above
$582,236
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,224,897 · excluded $2,224,897
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $18,315,089
-
7b · Less cost or other basis and sales expenses
securities $16,944,598
-
7c · Gain or loss
securities $1,370,491 · other assets $0
-
7d · Net gain or loss
total $1,370,491 · excluded $1,370,491
-
8a · Fundraising events: gross income
$68,640
-
8a · Fundraising events: contributions included on line 1c
$349,595
-
8b · Fundraising events: direct expenses
$164,986
-
8c · Net income from fundraising events
total -$96,346 · excluded -$96,346
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $965,543 · program services $965,543
-
2 · Grants to domestic individuals
total $1,971,552 · program services $1,971,552
-
11c · Fees: accounting
total $156,396 · management and general $156,396
-
11d · Fees: lobbying
total $64,211 · program services $64,211
-
11f · Fees: investment management
total $510,805 · management and general $510,805
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $78,533 · program services $5,860 · fundraising $72,673
-
13 · Office expenses
total $59,784 · program services $33,103 · management and general $26,097 · fundraising $584
-
14 · Information technology
total $69,612 · program services $35,542 · management and general $32,450 · fundraising $1,620
-
17 · Travel
total $1,561 · management and general $1,561
-
19 · Conferences, conventions and meetings
total $16,738 · program services $5,093 · management and general $9,443 · fundraising $2,202
-
23 · Insurance
total $6,578 · management and general $6,578
-
24a · Other expenses: Personnel
total $1,018,475 · program services $423,453 · management and general $287,203 · fundraising $307,819
-
24b · Other expenses: Community Support
total $1,549 · fundraising $1,549
-
24c · Other expenses: Alumni Development
total $1,200 · management and general $1,200
-
24d · Other expenses: Donor Recognition
total $308 · management and general $308
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $370,500 · end of year $726,954
-
3 · Pledges and grants receivable
beginning of year $4,750 · end of year $2,000,000
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $21,634 · end of year $17,636
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
12 · Investments: other securities
beginning of year $90,593,925 · end of year $100,354,962
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $2,094,927 · end of year $2,222,280
-
17 · Accounts payable and accrued expenses
beginning of year $23,868 · end of year $93,098
-
19 · Deferred revenue
beginning of year $99,826 · end of year $214,534
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $1,099,757 · end of year $1,246,596
-
27 · Net assets without donor restrictions
beginning of year $7,836,935 · end of year $11,171,549
-
28 · Net assets with donor restrictions
beginning of year $84,025,350 · end of year $92,596,055
Mission and programs · 2024
Mission
THE FOUNDATION IS ORGANIZED TO PROVIDE CHARITABLE AND EDUCATIONAL AID TO STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA AND ITS STUDENTS.
Activities or mission (Part I)
TO RAISE AND MANAGE FUNDS TO ADVANCE THE COLLEGE'S PRIORITIES.
-
THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA.
Expenses $2,183,279 · Grants $1,971,552
-
THE FOUNDATION PROVIDES FUNDS FOR EQUIPMENT, SUPPLIES, AND OTHER PROGRAM MATERIALS TO STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA.
Expenses $1,321,078 · Grants $965,543
As filed on the 2024 return.
Listed in Part VII
-
Jane Esbeck
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Jodi Allen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Laura Cota
President
- Total calculated
- $0
- Hours/week
- 2
-
Alix Morin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Atticus Frank
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carol Whitmore
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cindy McCollum
Director
- Total calculated
- $0
- Hours/week
- 2
-
Danielle Gladding
Director
- Total calculated
- $0
- Hours/week
- 2
-
Debi Cohoon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Diane Weaver
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jaymie Carter
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jerilynn Chapin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen Cucci
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Krebs-Knepp
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael Fuller
SCF Trustee Liaison
- Total calculated
- $0
- Hours/week
- 2
-
Tommy Gregory JD
Director / SCF President
- Total calculated
- $0
- Hours/week
- 2
-
Vernon DeSear
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cassandra Holmes
Secretary / Executive Director
- Total calculated
- $207,531
- From this org
- $0
- From related orgs
- $168,000
- Other
- $39,531
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $168,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,142 related
- Nontaxable benefits
- $0 + $12,389 related
- Filer's total
- $0 + $207,531 related
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 · 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
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
-
State College of Florida Manatee-Sarasota
$965,543
TO PROVIDE EQUIPMENT, SUPPLIES, SALARIES & CONTRACT SERVICES, AND OTHER PROGRAM MATERIALS TO HELP FURTHER THE MISSION OF THE COLLEGE.
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.
-
State College of Florida Manatee-Sarasota
115 · EDUCATION · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 February 2026
- IRS schema version
- 2024v5.1
- Source object
- 202610559349300811
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