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Nonprofiteer
← BROWARD COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by BROWARD COLLEGE FOUNDATION INC.

Totals

Total revenue
$24,958,064
Total expenses
$24,684,118
Contributions and grants received
$19,092,550
Grants paid
$17,206,210
Program service revenue
$488,483
Investment income
$5,256,418
Other revenue
$120,613
Total assets, end of year
$131,928,533
Total liabilities, end of year
$1,966,263
Net assets or fund balances, end of year
$129,962,270
Program services expenses (Part IX)
$21,381,583
Management and general expenses
$1,436,706
Fundraising expenses
$1,865,829
Program service expenses (Part III)
$21,381,583

Program services were 86.6% 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

    $219,352

  • 1d · Related organizations

    $1,152,358

  • 1f · All other contributions, gifts and grants

    $17,720,840

  • 1g · Noncash contributions included above

    $12,759,994

  • 2a · Program service revenue: EDUCATIONAL REVENUE

    total $488,483 · related or exempt $488,483

  • 3 · Investment income

    total $3,158,651 · unrelated business $23,119 · excluded $3,135,532

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $12,723,540

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

    securities $10,625,773

  • 7c · Gain or loss

    securities $2,097,767

  • 7d · Net gain or loss

    total $2,097,767 · excluded $2,097,767

  • 8a · Fundraising events: gross income

    $277,959

  • 8a · Fundraising events: contributions included on line 1c

    $219,352

  • 8b · Fundraising events: direct expenses

    $158,346

  • 8c · Net income from fundraising events

    total $119,613 · excluded $119,613

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER REVENUE SOURCES

    total $1,000 · excluded $1,000

  • 11e · Other revenue, total

    $1,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,206,210 · program services $17,206,210

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,754,797 · program services $2,832,697 · management and general $791,016 · fundraising $1,131,084

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $49,827 · management and general $49,827

  • 11d · Fees: lobbying

    total $232,667 · management and general $232,667

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $135,400 · program services $39,942 · management and general $95,458

  • 11g · Fees: other

    total $995,379 · program services $368,791 · management and general $125,476 · fundraising $501,112

  • 12 · Advertising and promotion

    total $174,313 · program services $48,453 · management and general $236 · fundraising $125,624

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $102,422 · management and general $93,798 · fundraising $8,624

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $35,877 · program services $26,081 · management and general $4,050 · fundraising $5,746

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $77,735 · program services $69,147 · management and general $6,983 · fundraising $1,605

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $29,156 · management and general $28,176 · fundraising $980

  • 24a · Other expenses: COLLEGE FACILITIES SUPP

    total $286,136 · program services $240,899 · fundraising $45,237

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $274,972 · program services $240,010 · fundraising $34,962

  • 24c · Other expenses: SUPPLIES AND MATERIALS

    total $246,204 · program services $234,631 · management and general $1,067 · fundraising $10,506

  • 24d · Other expenses: MISCELLANEOUS

    total $83,023 · program services $74,722 · management and general $7,952 · fundraising $349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,191 · end of year $150,068

  • 2 · Savings and temporary cash investments

    beginning of year $2,531,142 · end of year $1,071,188

  • 3 · Pledges and grants receivable

    beginning of year $2,065,451 · end of year $0

  • 4 · Accounts receivable

    beginning of year $97,845 · end of year $963,240

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,467 · end of year $115,410

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $119,356,067 · end of year $129,628,627

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,004,538 · end of year $1,426,377

  • 18 · Grants payable

    beginning of year $58,713 · end of year $46,780

  • 19 · Deferred revenue

    beginning of year $1,702,451 · end of year $493,106

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $42,312,818 · end of year $45,361,505

  • 28 · Net assets with donor restrictions

    beginning of year $78,304,643 · end of year $84,600,765

Mission and programs · 2023

Mission

THE MISSION OF THE BROWARD COLLEGE FOUNDATION IS TO TRANSFORM LIVES THROUGH EDUCATION BY PROVIDING COMMUNITY AWARENESS, ADVOCACY AND FINANCIAL SUPPORT TO BROWARD COLLEGE.

Activities or mission (Part I)

THE FOUNDATION WAS ORGANIZED TO RECEIVE, HOLD, INVEST, AND MAKE EXPENDITURES FOR EDUCATIONAL PURPOSES. (SEE SCH O).

  • SCHOLARSHIPS: ARE PROVIDED TO HELP STUDENTS ATTEND THE COLLEGE AND ACHIEVE A HIGHER EDUCATION.

    Expenses $4,471,339 · Grants $4,446,216 · Revenue $488,483

  • ACADEMIC AND COLLEGE SUPPORT.

    Expenses $16,910,244 · Grants $12,759,994

As filed on the 2023 return.

Listed in Part VII

  • Gregory A Haile Esq

    BROWARD COLLEGE PRESIDENT

    Total calculated
    $630,582
    From this org
    $0
    From related orgs
    $363,719
    Other
    $266,863
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $249,341 related
    Nontaxable benefits
    $0 + $17,522 related
    Filer's total
    $0 + $630,582 related

  • Nancy R Botero

    EXECUTIVE DIRECTOR

    Total calculated
    $203,139
    From this org
    $0
    From related orgs
    $160,803
    Other
    $42,336
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,803 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,007 related
    Nontaxable benefits
    $0 + $10,329 related
    Filer's total
    $0 + $203,139 related

  • Megan R Cottle

    EXEC. DIRECTOR (AS OF 06/2023)

    Total calculated
    $147,874
    From this org
    $0
    From related orgs
    $105,789
    Other
    $42,085
    Hours/week
    12.5 + 37.5 related

  • Barbara Bryan

    COLLEGE PRES (AS OF 10/2023)

    Total calculated
    $111,009
    From this org
    $0
    From related orgs
    $87,373
    Other
    $23,636
    Hours/week
    1 + 50 related

  • Craig L Farlie

    CHAIR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.2

  • Raymond Monteleone

    CHAIR - PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Ginger Martin CPA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Alexander Fernandez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Reginald R Andre

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Vanesa Patino

    SECRETARY (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.2

  • Bacardi L Jackson

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Alix Alexis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Gloria M Fernandez

    DIRECTOR (AS OF 05/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Alan Haig

    DIRECTOR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Capt Barrington A Irving Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jarret S Levan

    DIRECTOR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Sasha Lightbourne

    DIRECTOR (AS OF 12/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Stanley Marks MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Gregory E McGowan

    DIRECTOR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Bo Megginson

    DIRECTOR (AS OF 12/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Biana Murnane

    DIRECTOR (AS OF 12/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Yolanda Perez

    DIRECTOR (AS OF 12/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • George I Platt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Dionne He Polite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Natalie L Ransom

    DIRECTOR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Larry Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LLord F RHODES

    DIRECTOR (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Jessica Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Reggie Zachariah Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Monica McGrath

    VICE CHAIR (THRU 02/23)

    Total calculated
    $0
    Hours/week
    0.2

  • Beverly Yanowitch

    TREASURER (THRU 02/23)

    Total calculated
    $0
    Hours/week
    0.2

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)

SCHEDULE J, PART I, LINE 3:
THE BROWARD COLLEGE ESTABLISHES COMPENSATION BASED ON INTERNAL POLICIES AND PROCEDURES AS DETERMINED BY ITS BOARD OF TRUSTEES.

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

  • Broward College

    $4,446,216

    SEE PART IV

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.

  • BROWARD COLLEGE

    115(1) · SEE PART VII · FL

Provenance

Return type
form_990
Tax year
2023
Filed
14 April 2025
IRS schema version
2023v6.0
Source object
202511139349300016

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