Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $366,300

• 1d · Related organizations

  $111,547

• 1e · Government grants (contributions)

  $81,315

• 1f · All other contributions, gifts and grants

  $1,649,647

• 1g · Noncash contributions included above

  $221,512

• 3 · Investment income

  total $322,899 · excluded $322,899

• 7a · Gross sales of assets other than inventory

  securities $1,832,366

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

  securities $1,802,981

• 7c · Gain or loss

  securities $29,385

• 7d · Net gain or loss

  total $29,385 · excluded $29,385

• 8a · Fundraising events: gross income

  $207,320

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

  $366,300

• 8b · Fundraising events: direct expenses

  $430,764

• 8c · Net income from fundraising events

  total -$223,444 · excluded -$223,444

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $925,614 · program services $925,614

• 2 · Grants to domestic individuals

  total $946,334 · program services $946,334

• 11c · Fees: accounting

  total $40,400 · management and general $40,400

• 11d · Fees: lobbying

  total $85,221 · management and general $85,221

• 11f · Fees: investment management

  total $64,039 · management and general $64,039

• 11g · Fees: other

  total $143,131 · program services $97,212 · management and general $39,473 · fundraising $6,446

• 12 · Advertising and promotion

  total $6,798 · program services $750 · management and general $6,048

• 13 · Office expenses

  total $115,459 · program services $60,571 · management and general $52,355 · fundraising $2,533

• 17 · Travel

  total $7,586 · program services $1,686 · management and general $5,900

• 19 · Conferences, conventions and meetings

  total $9,322 · program services $2,313 · management and general $6,388 · fundraising $621

• 23 · Insurance

  total $5,459 · management and general $5,459

• 24a · Other expenses: HOSPITALITY AND EVENTS

  total $128,189 · program services $53,447 · management and general $74,742

• 24b · Other expenses: IN-KIND OFFICE SUPPLIES

  total $111,547 · program services $39,042 · management and general $10,039 · fundraising $62,466

• 24c · Other expenses: ACADEMIC & ATHLETIC SUP

  total $80,027 · management and general $80,027

• 24d · Other expenses: AWARDS

  total $25,569 · program services $9,319 · management and general $16,250

• 24e · All other expenses

  total $400 · program services $400

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $650 · end of year $877

• 2 · Savings and temporary cash investments

  beginning of year $3,000,124 · end of year $1,398,866

• 3 · Pledges and grants receivable

  beginning of year $712,085 · end of year $786,873

• 11 · Investments: publicly traded securities

  beginning of year $23,047,846 · end of year $27,836,025

• 12 · Investments: other securities

  end of year $28,299

• 15 · Other assets

  beginning of year $0 · end of year $8,068

• 17 · Accounts payable and accrued expenses

  beginning of year $329,480 · end of year $374,944

• 27 · Net assets without donor restrictions

  beginning of year $2,172,383 · end of year $1,786,645

• 28 · Net assets with donor restrictions

  beginning of year $24,258,842 · end of year $27,897,419

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR IS DETERMINED BY TALLAHASSEE STATE COLLEGE. TSC ESTABLISHED THE ED'S COMPENSATION BY UTILIZING WRITTEN EMPLOYMENT CONTRACTS AND IS APPROVED BY THE BOARD.