Form 990 for tax year 2023
Filed by PASCO HERNANDO STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $4,274,669
- Total expenses
- $2,765,574
- Contributions and grants received
- $2,250,229
- Grants paid
- $2,135,123
- Program service revenue
- $0
- Investment income
- $1,978,619
- Other revenue
- $45,821
- Total assets, end of year
- $69,638,992
- Total liabilities, end of year
- $866,648
- Net assets or fund balances, end of year
- $68,772,344
- Program services expenses (Part IX)
- $2,135,123
- Management and general expenses
- $454,535
- Fundraising expenses
- $175,916
- Program service expenses (Part III)
- $2,135,123
Program services were 77.2% 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
$44,511
-
1e · Government grants (contributions)
$55,396
-
1f · All other contributions, gifts and grants
$2,150,322
-
1g · Noncash contributions included above
$118,523
-
3 · Investment income
total $1,929,211 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $22,729,893
-
7b · Less cost or other basis and sales expenses
securities $22,680,485
-
7c · Gain or loss
securities $49,408
-
7d · Net gain or loss
total $49,408 · related or exempt $0 · unrelated business $0 · excluded $49,408
-
8a · Fundraising events: gross income
$79,879
-
8a · Fundraising events: contributions included on line 1c
$44,511
-
8b · Fundraising events: direct expenses
$34,058
-
8c · Net income from fundraising events
total $45,821 · unrelated business $0 · excluded $45,821
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,135,123 · program services $2,135,123
-
7 · Other salaries and wages
total $164,928 · program services $0 · management and general $63,256 · fundraising $101,672
-
11c · Fees: accounting
total $19,000 · program services $0 · management and general $19,000 · fundraising $0
-
11d · Fees: lobbying
total $54,000 · program services $0 · management and general $0 · fundraising $54,000
-
11f · Fees: investment management
total $238,689 · program services $0 · management and general $238,689 · fundraising $0
-
13 · Office expenses
total $14,892 · program services $0 · management and general $14,892 · fundraising $0
-
14 · Information technology
total $43,291 · program services $0 · management and general $43,291 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $796 · program services $0 · management and general $796 · fundraising $0
-
23 · Insurance
total $5,427 · program services $0 · management and general $5,427 · fundraising $0
-
24a · Other expenses: Bad Debt Expense
total $54,975 · program services $0 · management and general $54,975 · fundraising $0
-
24b · Other expenses: Indirect Fundraising
total $20,244 · program services $0 · management and general $0 · fundraising $20,244
-
24e · All other expenses
total $14,209 · program services $0 · management and general $14,209 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,195,125 · end of year $4,796,608
-
3 · Pledges and grants receivable
beginning of year $180,566 · end of year $112,586
-
9 · Prepaid expenses and deferred charges
beginning of year $2,483 · end of year $40,932
-
10a · Land, buildings and equipment: cost or other basis
$304,262
-
10b · Land, buildings and equipment: accumulated depreciation
$13,410
-
10c · Land, buildings and equipment, net
beginning of year $291,648 · end of year $290,852
-
11 · Investments: publicly traded securities
beginning of year $60,599,833 · end of year $63,270,645
-
15 · Other assets
beginning of year $85,010 · end of year $1,127,369
-
17 · Accounts payable and accrued expenses
beginning of year $335,668 · end of year $846,897
-
19 · Deferred revenue
beginning of year $5,480 · end of year $19,751
-
27 · Net assets without donor restrictions
beginning of year $3,821,061 · end of year $4,310,303
-
28 · Net assets with donor restrictions
beginning of year $60,192,456 · end of year $64,462,041
Mission and programs · 2023
Mission
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.
-
The PHSC Foundation is a direct-support organization for Pasco-Hernando State College, and provides strategic support and funding for scholarships, salaries, library resources, faculty and staff development, construction and renovation, student recruitment and outreach, academic programs, technology, and other College needs as deemed appropriate by the Board of Directors.
Expenses $2,135,123 · Grants $2,135,123 · Revenue $4,274,669
As filed on the 2023 return.
Listed in Part VII
-
R Seth Mann Esq CPA CFP
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Barbara-Jo Bell JD
Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
George Miller
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bob Bade
Secretary
- Total calculated
- $187,240
- From this org
- $0
- From related orgs
- $187,240
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,240
- Bonus
- $0
- Other
- $0
- Deferred
- $65,389
- Nontaxable benefits
- $7,524
- Filer's total
- $260,153
-
Brandon May
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lee Maggard
Board Memeber
- Total calculated
- $0
- Hours/week
- 1
-
Ronald J May
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Leanne Salazar
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Monica Mills
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kerra Kuzmick
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rogerick Green
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Shonda Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Misty Price
Board Member
- Total calculated
- $101,467
- From this org
- $0
- From related orgs
- $101,467
- Other
- $0
- Hours/week
- 40
-
Kenneth R Burdzinski
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charles Spinner
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
George Angeliadis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Lambert
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Doddridge
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Andy Taylor
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bill Cronin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Timothy Beard PhD
College President
- Total calculated
- $323,363
- From this org
- $0
- From related orgs
- $323,363
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $323,363
- Bonus
- $0
- Other
- $0
- Deferred
- $87,515
- Nontaxable benefits
- $34,366
- Filer's total
- $445,244
-
Lisa Richardson EdD
Vice President of Advancement
- Total calculated
- $144,033
- From this org
- $0
- From related orgs
- $144,033
- Other
- $0
- Hours/week
- 40
-
Brian Horn
Board Member
- Total calculated
- $286,398
- From this org
- $0
- From related orgs
- $286,398
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $286,398
- Bonus
- $0
- Other
- $0
- Deferred
- $131,799
- Nontaxable benefits
- $7,551
- Filer's total
- $425,748
-
Jesse Pisors EdD
College President
- Total calculated
- $0
- Hours/week
- 40
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
-
Pasco-Hernando SC
$1,328,607
Scholarships
-
Pasco-Hernando SC
$910,516
Staff & Program Development
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.
-
PascoHernando State College
local gov't · State College · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202411799349300011
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