Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $414,836

• 1f · All other contributions, gifts and grants

  $2,239,549

• 1g · Noncash contributions included above

  $5,000

• 3 · Investment income

  total $283,213 · excluded $283,213

• 7a · Gross sales of assets other than inventory

  securities $531,981

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

  securities $404,394

• 7c · Gain or loss

  securities $127,587

• 7d · Net gain or loss

  total $127,587 · excluded $127,587

• 8a · Fundraising events: gross income

  $963,686

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

  $414,836

• 8b · Fundraising events: direct expenses

  $2,018,766

• 8c · Net income from fundraising events

  total -$1,055,080 · excluded -$1,055,080

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $31,662 · related or exempt $31,662

• 11e · Other revenue, total

  $31,662

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $604,526 · program services $604,526

• 2 · Grants to domestic individuals

  total $811,448 · program services $811,448

• 11c · Fees: accounting

  total $17,750 · management and general $17,750

• 11d · Fees: lobbying

  total $60,000 · management and general $60,000

• 11f · Fees: investment management

  total $43,077 · management and general $43,077

• 11g · Fees: other

  total $52,654 · program services $28,190 · management and general $18,714 · fundraising $5,750

• 12 · Advertising and promotion

  total $11,947 · program services $4,397 · management and general $4,530 · fundraising $3,020

• 13 · Office expenses

  total $97,760 · program services $52,528 · management and general $26,793 · fundraising $18,439

• 17 · Travel

  total $6,162 · program services $802 · management and general $1,763 · fundraising $3,597

• 19 · Conferences, conventions and meetings

  total $7,896 · program services $833 · management and general $7,063

• 23 · Insurance

  total $7,127 · management and general $7,127

• 24a · Other expenses: HOSPITALITY AND EVENTS

  total $103,543 · program services $63,715 · management and general $30,950 · fundraising $8,878

• 24b · Other expenses: BAD DEBT

  total $26,568 · management and general $26,568

• 24c · Other expenses: ACADEMIC & ATHLETIC SUP

  total $9,520 · management and general $9,520

• 24d · Other expenses: AWARDS

  total $7,985 · program services $2,810 · management and general $1,008 · fundraising $4,167

• 24e · All other expenses

  total $7,065 · program services $717 · management and general $6,345 · fundraising $3

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $505,035 · end of year $660,780

• 2 · Savings and temporary cash investments

  beginning of year $1,641,480 · end of year $1,231,445

• 3 · Pledges and grants receivable

  beginning of year $542,196 · end of year $824,428

• 9 · Prepaid expenses and deferred charges

  beginning of year $49,752 · end of year $0

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

  $410,000

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $325,000 · end of year $410,000

• 11 · Investments: publicly traded securities

  beginning of year $19,184,371 · end of year $17,465,168

• 15 · Other assets

  beginning of year $5,777 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $140,150 · end of year $109,405

• 27 · Net assets without donor restrictions

  beginning of year $1,183,071 · end of year $1,574,560

• 28 · Net assets with donor restrictions

  beginning of year $20,930,390 · end of year $18,907,856

The filer's explanations (Part III)

PART I, LINE 3

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