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Nonprofiteer
← FLORIDA INDEPENDENT COLLEGE FUND

Form 990 for tax year 2022

Filed by FLORIDA INDEPENDENT COLLEGE FUND.

Totals

Total revenue
$202,080
Total expenses
$184,558
Contributions and grants received
$201,000
Grants paid
$0
Program service revenue
$0
Investment income
$1,080
Other revenue
$0
Total assets, end of year
$123,643
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$123,643
Program services expenses (Part IX)
$96,000
Management and general expenses
$88,558
Fundraising expenses
$0
Program service expenses (Part III)
$96,000

Program services were 52.0% 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.

  • 1b · Membership dues

    $75,000

  • 1f · All other contributions, gifts and grants

    $126,000

  • 3 · Investment income

    total $1,080 · excluded $1,080

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,300 · management and general $9,300

  • 24a · Other expenses: SCHOLARSHIPS

    total $96,000 · program services $96,000

  • 24b · Other expenses: ADMIN. FEES

    total $30,770 · management and general $30,770

  • 24c · Other expenses: MEP FEES

    total $16,810 · management and general $16,810

  • 24d · Other expenses: DUES

    total $15,750 · management and general $15,750

  • 24e · All other expenses

    total $15,928 · management and general $15,928

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,196 · end of year $80,718

  • 2 · Savings and temporary cash investments

    beginning of year $41,925 · end of year $42,925

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

    $4,362

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

    $4,362

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000

  • 19 · Deferred revenue

    beginning of year $5,000

  • 25 · Other liabilities

    beginning of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $103,871 · end of year $121,393

  • 28 · Net assets with donor restrictions

    beginning of year $2,250 · end of year $2,250

Mission and programs · 2022

Mission

TO PROMOTE EDUCATION OPPORTUNITIES AMONG STUDENTS OF MEMBER INSTITUTIONS OF FLORIDA INDEPENDENT COLLEGES

  • PROVIDED SCHOLARSHIPS TO STUDENTS OF MEMBER INSTITUTIONS

    Expenses $96,000

As filed on the 2022 return.

Listed in Part VII

  • Robert J Boyd

    CHIEF EXEC.

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202343039349300044

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