Skip to content
Nonprofiteer
← STATE COLLEGE OF FLORIDA FOUNDATION INC

Form 990 for tax year 2022

Filed by STATE COLLEGE OF FLORIDA FOUNDATION INC.

Totals

Total revenue
$8,282,394
Total expenses
$4,416,755
Contributions and grants received
$3,915,881
Grants paid
$2,889,418
Program service revenue
$0
Investment income
$4,250,246
Other revenue
$116,267
Total assets, end of year
$78,897,758
Total liabilities, end of year
$1,223,606
Net assets or fund balances, end of year
$77,674,152
Program services expenses (Part IX)
$3,328,229
Management and general expenses
$851,071
Fundraising expenses
$237,455
Program service expenses (Part III)
$3,328,229

Program services were 75.4% 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

    $145,588

  • 1f · All other contributions, gifts and grants

    $3,770,293

  • 1g · Noncash contributions included above

    $603,122

  • 3 · Investment income

    total $3,898,018 · excluded $3,898,018

  • 7a · Gross sales of assets other than inventory

    securities $8,442,346

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

    securities $8,090,118

  • 7c · Gain or loss

    securities $352,228

  • 7d · Net gain or loss

    total $352,228 · excluded $352,228

  • 8a · Fundraising events: gross income

    $234,121

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

    $145,588

  • 8b · Fundraising events: direct expenses

    $117,854

  • 8c · Net income from fundraising events

    total $116,267 · excluded $116,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $882,907 · program services $882,907

  • 2 · Grants to domestic individuals

    total $2,006,511 · program services $2,006,511

  • 11c · Fees: accounting

    total $18,250 · management and general $18,250

  • 11d · Fees: lobbying

    total $49,400 · program services $49,400

  • 11f · Fees: investment management

    total $450,967 · management and general $450,967

  • 11g · Fees: other

    total $26,478 · management and general $26,478

  • 13 · Office expenses

    total $7,414 · program services $105 · management and general $6,831 · fundraising $478

  • 14 · Information technology

    total $64,695 · program services $51,718 · management and general $8,028 · fundraising $4,949

  • 16 · Occupancy

    total $30,400 · management and general $30,400

  • 19 · Conferences, conventions and meetings

    total $4,453 · program services $278 · management and general $4,156 · fundraising $19

  • 23 · Insurance

    total $6,400 · management and general $6,400

  • 24a · Other expenses: PERSONNEL

    total $808,043 · program services $332,334 · management and general $250,078 · fundraising $225,631

  • 24b · Other expenses: COMMUNITY SUPPORT

    total $43,906 · program services $4,496 · management and general $39,410

  • 24c · Other expenses: DONOR RECOGNITION

    total $8,085 · program services $480 · management and general $2,377 · fundraising $5,228

  • 24d · Other expenses: ALUMNI DEVELOPMENT

    total $4,293 · management and general $3,143 · fundraising $1,150

  • 24e · All other expenses

    total $4,553 · management and general $4,553

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $918,563 · end of year $1,662,831

  • 3 · Pledges and grants receivable

    beginning of year $15,100 · end of year $6,600

  • 4 · Accounts receivable

    beginning of year $4,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,195 · end of year $41,695

  • 12 · Investments: other securities

    beginning of year $68,205,471 · end of year $75,379,564

  • 15 · Other assets

    beginning of year $1,955,910 · end of year $1,807,068

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,479 · end of year $26,599

  • 19 · Deferred revenue

    beginning of year $42,350 · end of year $70,467

  • 25 · Other liabilities

    beginning of year $1,163,634 · end of year $1,126,540

  • 27 · Net assets without donor restrictions

    beginning of year $10,508,737 · end of year $11,584,684

  • 28 · Net assets with donor restrictions

    beginning of year $59,378,039 · end of year $66,089,468

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED TO PROVIDE CHARITABLE AND EDUCATIONAL AID TO STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA AND ITS STUDENTS

Activities or mission (Part I)

TO RAISE AND MANAGE FUNDS TO ADVANCE THE COLLEGE'S PRIORITIES

  • FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA.

    Expenses $2,172,678 · Grants $2,006,511

  • FOUNDATION PROVIDES FUNDS FOR EQUIPMENT, SUPPLIES,AND OTHER PROGRAM MATERIALS TO STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA

    Expenses $1,155,551 · Grants $882,907

As filed on the 2022 return.

Listed in Part VII

  • CHRISTOPHER ROMINE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DOROTHY KORSZEN

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LAURA COTA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JODI ALLEN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL J FULLER

    BOT LIASION

    Total calculated
    $0
    Hours/week
    2

  • DEBI COHOON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN CUCCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VERNON DESEAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANE ESBECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ATTICUS FRANK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LISA KREBS-KNEPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LOIS LUCEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CINDY MCCOLLUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALIX MORIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JEFF PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR CAROL PROBSTFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROL WHITMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JERILYNN CHAPIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CASSANDRA HOLMES

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $158,813
    From this org
    $0
    From related orgs
    $158,813
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $138,089 related
    Bonus
    $0
    Other
    $0 + $20,724 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,813 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

  • 3 · Approval by the board or compensation committee

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

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.

  • STATE COLLEGE OF FLORIDA

    501C3 · EDUCATION · FL

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2024
IRS schema version
2022v5.0
Source object
202441999349300204

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.