Form 990 for tax year 2025

Filed by HILLSBOROUGH COLLEGE FOUNDATION INC.

Totals

Total revenue: $11,020,053
Total expenses: $10,078,489
Contributions and grants received: $6,017,593
Grants paid: $5,857,850
Program service revenue: $3,942,795
Investment income: $1,220,105
Other revenue: -$160,440
Total assets, end of year: $35,463,977
Total liabilities, end of year: $7,416,697
Net assets or fund balances, end of year: $28,047,280
Program services expenses (Part IX): $9,311,925
Management and general expenses: $530,839
Fundraising expenses: $235,725
Program service expenses (Part III): $9,311,925

Program services were 92.4% 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

$337,351
1e · Government grants (contributions)

$3,438,592
1f · All other contributions, gifts and grants

$2,241,650
1g · Noncash contributions included above

$165,309
2a · Program service revenue: STUDENT HOUSING

total $3,942,795 · related or exempt $3,942,795
3 · Investment income

total $1,278,280 · excluded $1,278,280
7a · Gross sales of assets other than inventory

securities $2,155,101
7b · Less cost or other basis and sales expenses

securities $2,213,276
7c · Gain or loss

securities -$58,175
7d · Net gain or loss

total -$58,175 · related or exempt -$58,175
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$337,351
8b · Fundraising events: direct expenses

$231,954
8c · Net income from fundraising events

total -$231,954 · excluded -$231,954
11a · Other revenue: OTHER INCOME

total $71,514 · related or exempt $71,514
11e · Other revenue, total

$71,514

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $4,296,004 · program services $4,296,004
2 · Grants to domestic individuals

total $1,561,846 · program services $1,561,846
11a · Fees: management

total $154,465 · program services $154,465
11c · Fees: accounting

total $26,016 · management and general $26,016
11d · Fees: lobbying

total $70,000 · program services $70,000
11f · Fees: investment management

total $78,764 · management and general $78,764
11g · Fees: other

total $85,921 · management and general $85,921
13 · Office expenses

total $14,344 · management and general $10,542 · fundraising $3,802
14 · Information technology

total $117,836 · management and general $117,836
17 · Travel

total $77,464 · management and general $3,277 · fundraising $74,187
20 · Interest

total $149,328 · program services $149,328
22 · Depreciation, depletion and amortization

total $1,138,352 · program services $1,138,352
23 · Insurance

total $3,617 · management and general $3,617
24a · Other expenses: STUDENT HOUSING EXPENSE

total $1,937,132 · program services $1,937,132
24b · Other expenses: HOSPITALITY

total $228,520 · management and general $163,839 · fundraising $64,681
24c · Other expenses: OTHER EXPENSE

total $138,880 · program services $4,798 · management and general $41,027 · fundraising $93,055

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,830,091 · end of year $1,372,470
2 · Savings and temporary cash investments

beginning of year $366,834 · end of year $496,623
3 · Pledges and grants receivable

beginning of year $1,837,721 · end of year $1,215,737
4 · Accounts receivable

beginning of year $954,793 · end of year $571,115
9 · Prepaid expenses and deferred charges

beginning of year $30,843 · end of year $30,252
10a · Land, buildings and equipment: cost or other basis

$22,979,814
10b · Land, buildings and equipment: accumulated depreciation

$16,297,271
10c · Land, buildings and equipment, net

beginning of year $7,338,995 · end of year $6,682,543
11 · Investments: publicly traded securities

beginning of year $19,394,329 · end of year $22,623,043
12 · Investments: other securities

beginning of year $2,006,922 · end of year $2,472,194
17 · Accounts payable and accrued expenses

beginning of year $1,236,248 · end of year $791,003
19 · Deferred revenue

beginning of year $64,961 · end of year $58,106
23 · Secured mortgages and notes payable

beginning of year $7,501,406 · end of year $6,567,588
27 · Net assets without donor restrictions

beginning of year $6,762,176 · end of year $8,920,937
28 · Net assets with donor restrictions

beginning of year $19,195,737 · end of year $19,126,343

Mission and programs · 2025

Mission

SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HILLSBOROUGH COLLEGE AND THE SUCCESS OF ITS STUDENTS. AT THE HC FOUNDATION, WE SUPPORT HC IN ITS MISSION TO DELIVER AFFORDABLE EDUCATIONAL OPPORTUNITIES THAT HELP STUDENTS BECOME SUCCESSFUL, PRODUCTIVE CITIZENS.

Activities or mission (Part I)

OUR MISSION IS TO SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HILLSBOROUGH COLLEGE AND THE SUCCESS OF ITS STUDENTS. AT HC FOUNDATION, WE SUPPORT HC IN ITS MISSION TO DELIVER AFFORDABLE EDUCATIONAL OPPORTUNITIES THAT HELP STUDENTS BECOME SUCCESSFUL, PRODUCTIVE CITIZENS

SCHOLARSHIPS: ASSISTED OVER 1,300 STUDENTS DURING THE FISCAL YEAR, THE VAST MAJORITY OF WHOM HAVE FINANCIAL NEED.

Expenses $1,561,846 · Grants $1,561,846
HAWKS LANDING: 420-BED STUDENT HOUSING FACILITY TO ENHANCE THE STUDENT EXPERIENCE AT HC AND ENHANCE LEARNING.

Expenses $3,384,075 · Revenue $3,942,795
HC PROGRAM SUPPORT: PROVIDED SUPPORT OF STUDENTS AND FACULTY THROUGH LAUNCHING NEW PROGRAMS OF STUDY, CREATING FOOD PANTRIES FOR NEEDY STUDENTS, MAKING GRANTS TO FACULTY AND STAFF FOR CURRICULAR ENHANCEMENT AND NEW INITIATIVES, AND SUPPORTING COLLEGE PRIORITIES AND EXISTING PROGRAMS.

Expenses $4,366,004 · Grants $4,296,004

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Scott GoldbachSCOTT GOLDBACH

CHAIR

Total calculated

$0

Hours/week

2
Jennifer BolivarJENNIFER BOLIVAR

VICE CHAIR

Total calculated

$0

Hours/week

1
Paige NiehausPAIGE NIEHAUS

PRESIDENT LIAISON

Total calculated

$0

Hours/week

1
Christopher TaylorCHRISTOPHER TAYLOR

PAST CHAIR

Total calculated

$0

Hours/week

1
Wyatt KrapfWYATT KRAPF

BUDGET & FINANCE CHAIR

Total calculated

$0

Hours/week

1
Natali ArchibeeNATALI ARCHIBEE

GOVERNANCE CHAIR

Total calculated

$0

Hours/week

1
Kathy PantelisKATHY PANTELIS

FACULTY LIAISON

Total calculated

$0

Hours/week

2
Nadine FahimNADINE FAHIM

DEVELOPMENT CHAIR

Total calculated

$0

Hours/week

1
Clay HollisCLAY HOLLIS

TRUSTEE'S LIAISON

Total calculated

$0

Hours/week

1
Eric BaileyERIC BAILEY

DIRECTOR

Total calculated

$0

Hours/week

1
Michael FloresMICHAEL FLORES

DIRECTOR

Total calculated

$0

Hours/week

1
Mike KriegMIKE KRIEG

DIRECTOR

Total calculated

$0

Hours/week

1
Vinanta MundraVINANTA MUNDRA

DIRECTOR

Total calculated

$0

Hours/week

1
Ken SinghKEN SINGH

DIRECTOR

Total calculated

$0

Hours/week

1
Brett FayBRETT FAY

DIRECTOR

Total calculated

$0

Hours/week

1
Dina GoodDINA GOOD

DIRECTOR

Total calculated

$0

Hours/week

1
Lisa KirklandLISA KIRKLAND

DIRECTOR

Total calculated

$0

Hours/week

1
James YoungJAMES YOUNG

DIRECTOR

Total calculated

$0

Hours/week

1
Joanne MayersJOANNE MAYERS

DIRECTOR

Total calculated

$0

Hours/week

1
Aubrey OwensAUBREY OWENS

DIRECTOR

Total calculated

$0

Hours/week

1
Raymond AyresRAYMOND AYRES

DIRECTOR

Total calculated

$0

Hours/week

1
Janet Cruz-RifkinJANET CRUZ-RIFKIN

DIRECTOR

Total calculated

$0

Hours/week

1
Heidi WhiddenHEIDI WHIDDEN

DIRECTOR

Total calculated

$0

Hours/week

1
L Garrett WeddleL GARRETT WEDDLE

EXEC DIRECTOR

Total calculated

$168,987

From this org

$0

From related orgs

$168,987

Other

$0

Hours/week

0.5 + 39.5 related

Schedule J breakdown matched by us

Base

$0 + $168,987 related

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0 + $168,987 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

HILLSBOROUGH COLLEGE

$4,296,004

PROVIDE DIRECT SUPPORT FOR HILLSBOROUGH COLLEGE PROGRAMS AND PRIORITIES.

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.

HILLSBOROUGH COLLEGE

501(C)(1) · COMMUNITY COLLEGE · FL

Provenance

Return type: form_990
Tax year: 2025
Filed: 14 September 2026
IRS schema version: 2025v4.2
Source object: 202632579349301913

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