Skip to content
Nonprofiteer
← FOUNDATION FOR SEMINOLE STATE COLLEGE OF FLORIDA INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR SEMINOLE STATE COLLEGE OF FLORIDA INC.

Totals

Total revenue
$5,287,858
Total expenses
$3,783,738
Contributions and grants received
$3,311,798
Grants paid
$3,110,093
Program service revenue
$297,291
Investment income
$1,708,132
Other revenue
-$29,363
Total assets, end of year
$45,131,685
Total liabilities, end of year
$301,154
Net assets or fund balances, end of year
$44,830,531
Program services expenses (Part IX)
$3,182,362
Management and general expenses
$601,376
Fundraising expenses
$0
Program service expenses (Part III)
$3,182,362

Program services were 84.1% 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

    $423,486

  • 1e · Government grants (contributions)

    $268,009

  • 1f · All other contributions, gifts and grants

    $2,620,303

  • 1g · Noncash contributions included above

    $42,700

  • 2a · Program service revenue: PROGRAM REVENUE

    total $297,291 · related or exempt $297,291

  • 3 · Investment income

    total $1,201,530 · excluded $1,201,530

  • 7a · Gross sales of assets other than inventory

    securities $6,216,230

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

    securities $5,709,628

  • 7c · Gain or loss

    securities $506,602

  • 7d · Net gain or loss

    total $506,602 · excluded $506,602

  • 8a · Fundraising events: gross income

    $170,345

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

    $423,486

  • 8b · Fundraising events: direct expenses

    $215,383

  • 8c · Net income from fundraising events

    total -$45,038 · excluded -$45,038

  • 9a · Gaming: gross income

    $15,675

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $15,675 · excluded $15,675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,784,367 · program services $1,784,367

  • 2 · Grants to domestic individuals

    total $1,325,726 · program services $1,325,726

  • 11c · Fees: accounting

    total $27,075 · management and general $27,075

  • 11d · Fees: lobbying

    total $108,090 · management and general $108,090

  • 11f · Fees: investment management

    total $145,027 · management and general $145,027

  • 11g · Fees: other

    total $21,437 · management and general $21,437

  • 13 · Office expenses

    total $6,061 · management and general $6,061

  • 14 · Information technology

    total $29,462 · management and general $29,462

  • 17 · Travel

    total $8,471 · management and general $8,471

  • 19 · Conferences, conventions and meetings

    total $112,801 · management and general $112,801

  • 23 · Insurance

    total $4,775 · management and general $4,775

  • 24a · Other expenses: MATERIALS AND SUPPLIES

    total $72,269 · program services $72,269

  • 24b · Other expenses: PUBLIC REL/COMMUNIT SUP

    total $52,334 · management and general $52,334

  • 24c · Other expenses: MEMBERSHIP DUES

    total $48,940 · management and general $48,940

  • 24d · Other expenses: MISCELLANEOUS

    total $6,841 · management and general $6,841

  • 24e · All other expenses

    total $30,062 · management and general $30,062

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,627,705 · end of year $7,378,595

  • 3 · Pledges and grants receivable

    beginning of year $1,722,255 · end of year $1,334,525

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

    $1,472,171

  • 10c · Land, buildings and equipment, net

    beginning of year $1,472,171 · end of year $1,472,171

  • 11 · Investments: publicly traded securities

    beginning of year $31,795,222 · end of year $34,946,394

  • 15 · Other assets

    beginning of year $9,389 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,264 · end of year $6,310

  • 25 · Other liabilities

    beginning of year $293,196 · end of year $294,844

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $41,327,282 · end of year $44,830,531

Mission and programs · 2024

Mission

SEE SCHEDULE OTO ENHANCE SEMINOLE STATE COLLEGE OF FLORIDA'S PROGRAMS AND SERVICES THROUGH THE DEVELOPMENT AND MANAGEMENT OF PRIVATE CONTRIBUTIONS AND COMMUNITY PARTNERSHIPS. THE FOUNDATION PROVIDES RESOURCES THAT SUPPORT ACADEMIC EXCELLENCE, INCREASED ACCESS, AND VITAL COMMUNITY OUTREACH WHICH ASSIST IN THE ADVANCEMENT OF THE INSTITUTION, STUDENTS, FACULTY AND STAFF.

Activities or mission (Part I)

TO ENHANCE SEMINOLE STATE COLLEGE OF FLORIDA'S PROGRAMS AND SERVICES THROUGH THE DEVELOPMENT AND MANAGEMENT OF PRIVATE CONTRIBUTIONS AND COMMUNITY PARTNERSHIPS

  • PROVIDE MERIT AND NEED BASED SCHOLARSHIPS, IN ACCORDANCE WITH DONOR CRITERIA, TO SEMINOLE STATE COLLEGE STUDENTS FOR THE YEAR ENDED JUNE 30, 2025. THE FOUNDATION AWARDED 1,492 SCHOLARSHIPS TO STUDENTS IN FISCAL YEAR 2025. THE AVERAGE SCHOLARSHIP AWARD WAS $846.

    Expenses $1,325,726 · Grants $1,325,726

  • PROVIDE FINANCIAL SUPPORT TO SEMINOLE STATE COLLEGE FOR MANY ACADEMIC UNITS, INCLUDING FINE AND PERFORMING ARTS, HONORS, SMALL BUSINESS SERVICES,NURSING, AUTOMOTIVE, CONSTRUCTION PROGRAM, ATHLETICS, SCIENCES, PUBLIC SAFETY, STUDENT SERVICES AND MANY OTHERS.

    Expenses $1,269,609 · Grants $1,197,340 · Revenue $297,291

  • PROVIDE GRANTS TO SEMINOLE STATE COLLEGE TO SUPPORT FACULTY THROUGH ENDOWED TEACHING CHAIRS, MINI-GRANT AWARDS, STAFF DEVELOPMENT AND PERSONNEL COSTS FOR NURSING PROFESSORS AND FOR ADVISORS FOR FIRST TIME IN COLLEGE STUDENTS.

    Expenses $587,027 · Grants $587,027

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aly Benitez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carralyce Buford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dan Donovan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jaquie Dua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dominic Gundacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catalina Hoyos-Nipe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tricia Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Meador

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristy Moist

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Morgan

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Josh Murdock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Oliver Pinnock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keith Raymond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Rhoden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Caitlin Sarafian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Slattery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nyea Sturman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Utsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pardeep Vedi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Villanueva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Wannen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lizzette Alvarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Asma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maggie Chaffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Dougherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Gerhold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ashley Navarro

    DIRECTOR

    Total calculated
    $167,574
    From this org
    $0
    From related orgs
    $132,368
    Other
    $35,206
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $131,768 related
    Bonus
    $0 + $600 related
    Other
    $0
    Deferred
    $0 + $18,042 related
    Nontaxable benefits
    $0 + $17,164 related
    Filer's total
    $0 + $167,574 related
  • Rob Rosen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Tim Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Evelyn Cardenas

    DIRECTOR THRU DEC 24

    Total calculated
    $0
    Hours/week
    1
  • Jennifer David

    DIRECTOR THRU SEPT 24

    Total calculated
    $0
    Hours/week
    1
  • Sheryl Mays

    DIRECTOR THRU JUN 24

    Total calculated
    $0
    Hours/week
    1
  • Karen Sweat

    DIRECTOR THRU DEC 24

    Total calculated
    $0
    Hours/week
    1
  • Nancy Nguyen

    DIRECTOR THRU JUN 24

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Rosenfield

    DIRECTOR THRU JUN 24

    Total calculated
    $0
    Hours/week
    1
  • Nancy Chapdelaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Dolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Gyllin

    EXECUTIVE DIRECTOR

    Total calculated
    $206,086
    From this org
    $0
    From related orgs
    $174,609
    Other
    $31,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $167,709 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $5,400 related
    Deferred
    $0 + $21,022 related
    Nontaxable benefits
    $0 + $10,455 related
    Filer's total
    $0 + $206,086 related

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

  • SEMINOLE STATE COLLEGE OF FLORIDA

    $1,741,667

    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.

  • SEMINOLE STATE COLLEGE OF FLORIDA

    GOVT · EDUCATION · FL

Provenance

Return type
form_990
Tax year
2024
Filed
26 September 2025
IRS schema version
2024v5.2
Source object
202543179349308529

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.