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Nonprofiteer
← SOUTH FLORIDA STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by SOUTH FLORIDA STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,817,025
Total expenses
$2,274,490
Contributions and grants received
$1,110,168
Grants paid
$740,253
Program service revenue
$0
Investment income
$316,266
Other revenue
$390,591
Total assets, end of year
$18,387,296
Total liabilities, end of year
$1,067,067
Net assets or fund balances, end of year
$17,320,229
Program services expenses (Part IX)
$2,050,200
Management and general expenses
$164,655
Fundraising expenses
$59,635
Program service expenses (Part III)
$2,050,200

Program services were 90.1% 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)

    $114,000

  • 1f · All other contributions, gifts and grants

    $996,168

  • 3 · Investment income

    total $316,266 · excluded $316,266

  • 11a · Other revenue: PROPERTY RENTAL

    total $390,548 · related or exempt $390,548

  • 11b · Other revenue: MISCELLANEOUS

    total $43 · related or exempt $43

  • 11e · Other revenue, total

    $390,591

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $740,253 · program services $740,253

  • 12 · Advertising and promotion

    total $4,429 · management and general $2,934 · fundraising $1,495

  • 13 · Office expenses

    total $34,439 · program services $10,535 · management and general $19,991 · fundraising $3,913

  • 16 · Occupancy

    total $100,290 · program services $100,290

  • 17 · Travel

    total $11,742 · program services $9,364 · management and general $2,378

  • 22 · Depreciation, depletion and amortization

    total $33,335 · program services $31,223 · management and general $1,677 · fundraising $435

  • 23 · Insurance

    total $61,537 · program services $60,647 · management and general $890

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $416,734 · program services $416,734

  • 24b · Other expenses: OTHER SERVICES

    total $244,427 · program services $222,426 · management and general $5,061 · fundraising $16,940

  • 24c · Other expenses: OTHER EXPENSES

    total $122,150 · program services $122,150

  • 24d · Other expenses: BANK SERVICE FEES

    total $112,523 · program services $112,523

  • 24e · All other expenses

    total $392,631 · program services $224,055 · management and general $131,724 · fundraising $36,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,158,863 · end of year $1,923,665

  • 4 · Accounts receivable

    beginning of year $67,868 · end of year $99,054

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,647 · end of year $2,353

  • 10a · Land, buildings and equipment: cost or other basis

    $2,059,385

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,239,062

  • 10c · Land, buildings and equipment, net

    beginning of year $853,657 · end of year $820,323

  • 11 · Investments: publicly traded securities

    beginning of year $18,413,248 · end of year $15,538,299

  • 15 · Other assets

    beginning of year $5,232 · end of year $3,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,822 · end of year $303,069

  • 19 · Deferred revenue

    beginning of year $18,230 · end of year $87,331

  • 25 · Other liabilities

    beginning of year $606,667 · end of year $676,667

  • 27 · Net assets without donor restrictions

    beginning of year $3,318,106 · end of year $2,591,545

  • 28 · Net assets with donor restrictions

    beginning of year $17,420,690 · end of year $14,728,684

Mission and programs · 2022

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 $1,749,471 · Grants $740,253

  • DORMS AND OTHER SERVICES TO SOUTH FLORIDA STATE COLLEGE STUDENTS

    Expenses $300,729

As filed on the 2022 return.

Listed in Part VII

  • Corey Allain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandee Braxton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Catherine P Cornelius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judge Angela J Cowden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Crews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert E Duncan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Elwell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Judge Peter F Estrada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darrell Jensen

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Michael Kelly

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Thomas Leitzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Manderville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Becky McIntyre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tres Stephenson

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Dr Vinod C Thakkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Weeks

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr David E Willey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Joe Wright

    DBOT LIAISON

    Total calculated
    $0

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

    $740,253

    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
2022
Filed
13 May 2023
IRS schema version
2022v5.0
Source object
202311459349300031

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