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Nonprofiteer
← FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$6,463,607
Total expenses
$4,555,185
Contributions and grants received
$2,522,189
Grants paid
$3,767,691
Program service revenue
$65,636
Investment income
$3,729,475
Other revenue
$146,307
Total assets, end of year
$57,209,967
Total liabilities, end of year
$175,988
Net assets or fund balances, end of year
$57,033,979
Program services expenses (Part IX)
$3,767,691
Management and general expenses
$516,678
Fundraising expenses
$270,816
Program service expenses (Part III)
$3,767,691

Program services were 82.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,522,189

  • 1g · Noncash contributions included above

    $29,851

  • 2a · Program service revenue: QUALIFIED SPONSORSHIPS

    total $40,650 · related or exempt $40,650

  • 2b · Program service revenue: QUALIFIED SPONSORSHIPS

    total $24,986 · unrelated business $24,986

  • 3 · Investment income

    total $1,960,389 · excluded $1,960,389

  • 7a · Gross sales of assets other than inventory

    securities $10,212,618

  • 7b · Less cost or other basis and sales expenses

    securities $8,443,532

  • 7c · Gain or loss

    securities $1,769,086

  • 7d · Net gain or loss

    total $1,769,086 · related or exempt $1,769,086

  • 11a · Other revenue: REFUNDS

    total $97,862 · related or exempt $97,862

  • 11b · Other revenue: ENDOWMENTS

    total $48,445 · related or exempt $48,445

  • 11e · Other revenue, total

    $146,307

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,767,691 · program services $3,767,691

  • 13 · Office expenses

    total $27,419 · management and general $24,459 · fundraising $2,960

  • 14 · Information technology

    total $35,913 · management and general $35,913

  • 17 · Travel

    total $1,933 · management and general $716 · fundraising $1,217

  • 23 · Insurance

    total $15,193 · management and general $15,193

  • 24a · Other expenses: CONTRACTED WAGES

    total $556,777 · management and general $334,066 · fundraising $222,711

  • 24b · Other expenses: PROFESSIONAL FEES

    total $72,200 · management and general $69,423 · fundraising $2,777

  • 24c · Other expenses: CONTRACTED SERVICES

    total $32,596 · management and general $16,299 · fundraising $16,297

  • 24d · Other expenses: PRINTING

    total $15,415 · management and general $5,191 · fundraising $10,224

  • 24e · All other expenses

    total $30,048 · management and general $15,418 · fundraising $14,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,948 · end of year $12,168

  • 2 · Savings and temporary cash investments

    beginning of year $4,122,748 · end of year $5,740,704

  • 3 · Pledges and grants receivable

    beginning of year $2,261,007 · end of year $1,058,342

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,270 · end of year $54,080

  • 12 · Investments: other securities

    beginning of year $49,297,115 · end of year $50,326,755

  • 15 · Other assets

    beginning of year $29,079 · end of year $17,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,967 · end of year $174,199

  • 19 · Deferred revenue

    beginning of year $2,500

  • 25 · Other liabilities

    beginning of year $7,168 · end of year $1,789

  • 27 · Net assets without donor restrictions

    beginning of year $9,417,867 · end of year $4,824,824

  • 28 · Net assets with donor restrictions

    beginning of year $46,197,665 · end of year $52,209,155

Mission and programs · 2024

Mission

THE MISSION OF THE FSW FOUNDATION IS TO SUPPORT THE STRATEGIC PRIORITIES OF FLORIDA SOUTHWESTERN STATE COLLEGE BY PROVIDING ADDITIONAL FUNDING AND RESOURCES.

  • PROVIDED ALMOST 1.6 MILLION IN SCHOLARSHIP SUPPORT TO STUDENTS OF FLORIDA SOUTHWESTERN STATE COLLEGE. PROVIDED PROGRAM SUPPORT FUNDING OF NEARLY 1.4 MILLION TO SUPPORT A WIDE RANGE OF FSW STATE COLLEGE'S PROGRAMS, ATHLETICS AND PRIORITIES. MORE THAN 19,000 STUDENTS, FACULTY AND STAFF WERE POSITIVELY IMPACTED. THE FOUNDATION CONTINUED TO CULTIVATE THE COMMUNITY RESULTING IN ABOUT 50 NEW DONORS.

    Expenses $3,767,691 · Grants $3,767,691 · Revenue $6,463,607

As filed on the 2024 return.

Listed in Part VII

  • JEFFREY ALLBRITTEN

    PRES/EX-OFFI

    Total calculated
    $915,986
    From this org
    $0
    From related orgs
    $676,354
    Other
    $239,632
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $353,621 related
    Bonus
    not reported + $98,514 related
    Other
    not reported + $224,219 related
    Deferred
    not reported + $168,500 related
    Nontaxable benefits
    not reported + $71,132 related
    Filer's total
    not reported + $915,986 related

  • GERALDINE GALLAGHER

    EXECUTIVE DI

    Total calculated
    $293,507
    From this org
    $0
    From related orgs
    $208,649
    Other
    $84,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $184,462 related
    Bonus
    not reported + $7,757 related
    Other
    not reported + $16,430 related
    Deferred
    not reported + $69,924 related
    Nontaxable benefits
    not reported + $14,934 related
    Filer's total
    not reported + $293,507 related

  • SARA MAYO

    CFO

    Total calculated
    $160,577
    From this org
    $0
    From related orgs
    $124,724
    Other
    $35,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $119,852 related
    Bonus
    not reported + $4,872 related
    Other
    not reported
    Deferred
    not reported + $17,076 related
    Nontaxable benefits
    not reported + $18,777 related
    Filer's total
    not reported + $160,577 related

  • JARED BRANCAZIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CHICONE

    TREAS/SECRET

    Total calculated
    $0
    Hours/week
    1

  • TROY CHURCHILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF KUNBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC LOCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAULA MALONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY LEE MANN

    VICE CHAIR/D

    Total calculated
    $0
    Hours/week
    1

  • BRAXTON RHONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROMAN SAZONOV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH STEWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN WRIGHT

    CHAIR/DIRECT

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BANFIELD

    BOT REP/EX-O

    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. 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

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
22 September 2025
IRS schema version
2024v5.0
Source object
202532979349302163

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