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Nonprofiteer
← INDIAN RIVER STATE COLLEGE FDN INC

Form 990 for tax year 2025

Filed by INDIAN RIVER STATE COLLEGE FDN INC.

Totals

Total revenue
$2,133,184
Total expenses
$2,023,893
Contributions and grants received
$1,020,209
Grants paid
$880,043
Program service revenue
$84,521
Investment income
$992,444
Other revenue
$36,010
Total assets, end of year
$166,528,096
Total liabilities, end of year
$4,685,429
Net assets or fund balances, end of year
$161,842,667
Program services expenses (Part IX)
$1,393,235
Management and general expenses
$500,260
Fundraising expenses
$130,398
Program service expenses (Part III)
$1,393,235

Program services were 68.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,020,209

  • 1g · Noncash contributions included above

    $53,079

  • 2a · Program service revenue: REAL PROPERTY FACILITIES

    total $84,521 · related or exempt $84,521

  • 3 · Investment income

    total $992,444 · excluded $992,444

  • 8a · Fundraising events: gross income

    $54,759

  • 8b · Fundraising events: direct expenses

    $18,749

  • 8c · Net income from fundraising events

    total $36,010 · excluded $36,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $703,986 · program services $703,986

  • 2 · Grants to domestic individuals

    total $176,057 · program services $176,057

  • 7 · Other salaries and wages

    total $418,609 · program services $104,652 · management and general $209,305 · fundraising $104,652

  • 11d · Fees: lobbying

    total $97,500 · management and general $97,500

  • 11f · Fees: investment management

    total $40,484 · management and general $40,484

  • 11g · Fees: other

    total $115,675 · management and general $115,675

  • 12 · Advertising and promotion

    total $18,846 · fundraising $18,846

  • 13 · Office expenses

    total $11,086 · management and general $5,543 · fundraising $5,543

  • 17 · Travel

    total $2,264 · management and general $1,132 · fundraising $1,132

  • 20 · Interest

    total $15,881 · program services $15,881

  • 22 · Depreciation, depletion and amortization

    total $102,605 · program services $92,344 · management and general $10,261

  • 24a · Other expenses: OTHER EXPENSES

    total $204,862 · program services $204,862

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $64,472 · program services $64,472

  • 24c · Other expenses: UTILITIES

    total $30,981 · program services $30,981

  • 24d · Other expenses: SUBSCRIPTIONS

    total $17,434 · management and general $17,434

  • 24e · All other expenses

    total $3,151 · management and general $2,926 · fundraising $225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $515,116 · end of year $180,607

  • 2 · Savings and temporary cash investments

    beginning of year $218,830 · end of year $70,196

  • 3 · Pledges and grants receivable

    beginning of year $393,955 · end of year $569,698

  • 9 · Prepaid expenses and deferred charges

    beginning of year $183,317 · end of year $159,014

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

    $12,537,995

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

    $7,141,722

  • 10c · Land, buildings and equipment, net

    beginning of year $5,495,814 · end of year $5,396,273

  • 11 · Investments: publicly traded securities

    beginning of year $147,591,133 · end of year $156,999,594

  • 12 · Investments: other securities

    beginning of year $169,402 · end of year $169,402

  • 15 · Other assets

    beginning of year $2,983,312 · end of year $2,983,312

  • 17 · Accounts payable and accrued expenses

    beginning of year $779,528 · end of year $1,042,369

  • 19 · Deferred revenue

    beginning of year $31,985 · end of year $31,985

  • 23 · Secured mortgages and notes payable

    beginning of year $3,672,990 · end of year $3,611,075

  • 25 · Other liabilities

    beginning of year $2,513,870

  • 27 · Net assets without donor restrictions

    beginning of year $24,070,546 · end of year $35,360,707

  • 28 · Net assets with donor restrictions

    beginning of year $126,481,960 · end of year $126,481,960

Mission and programs · 2025

Mission

TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY, AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

Activities or mission (Part I)

SUPPORT INDIAN RIVER STATE COLLEGE

  • SCHOLARSHIPS TO STUDENTS AND GRANTS TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

    Expenses $689,249 · Grants $176,057 · Revenue $1,020,209

  • PROVISION OF REAL PROPERTY AND OTHER FACILITIES FOR USE BY INDIAN RIVER STATE COLLEGE OR ITS STUDENTS

    Expenses $703,986 · Grants $703,986 · Revenue $84,521

As filed on the 2025 return.

Listed in Part VII

  • Dr Timothy E Moore

    IRSC PRESIDE

    Total calculated
    $606,047
    From this org
    $0
    From related orgs
    $557,976
    Other
    $48,071
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $557,976 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $36,793 related
    Nontaxable benefits
    not reported + $11,278 related
    Filer's total
    not reported + $606,047 related

  • Annabel Robertson

    VP OF IA/FOU

    Total calculated
    $162,764
    From this org
    $0
    From related orgs
    $147,808
    Other
    $14,956
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $147,808 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $4,121 related
    Nontaxable benefits
    not reported + $10,835 related
    Filer's total
    not reported + $162,764 related

  • Ryan C Abernethy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael L Adams

    AUDIT COMMIT

    Total calculated
    $0
    Hours/week
    1

  • James Austin Alderman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott E Caine

    MEMBERSHIP C

    Total calculated
    $0
    Hours/week
    1

  • Stanley Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bert Culbreth

    FUNDRAISING

    Total calculated
    $0
    Hours/week
    1

  • Alex Johns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Curtis Johnson Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Libutti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christa Luna

    BOT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Douglas J Marcello

    INVESTMENT C

    Total calculated
    $0
    Hours/week
    1

  • Brian Melear

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard E Mellin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather W Rucks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amber Woods

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kate Beckwith Woody

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Alec Wynne

    BOARD MEMBER

    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

  • 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

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
2025
Filed
30 January 2026
IRS schema version
2025v4.0
Source object
202601359349315285

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