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Nonprofiteer
← HILLSBOROUGH COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by HILLSBOROUGH COLLEGE FOUNDATION INC.

Totals

Total revenue
$9,578,709
Total expenses
$7,778,571
Contributions and grants received
$5,200,236
Grants paid
$4,346,282
Program service revenue
$3,596,242
Investment income
$946,871
Other revenue
-$164,640
Total assets, end of year
$29,207,976
Total liabilities, end of year
$10,139,940
Net assets or fund balances, end of year
$19,068,036
Program services expenses (Part IX)
$7,585,932
Management and general expenses
$142,078
Fundraising expenses
$50,561
Program service expenses (Part III)
$7,585,932

Program services were 97.5% 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

    $288,211

  • 1e · Government grants (contributions)

    $2,531,576

  • 1f · All other contributions, gifts and grants

    $2,380,449

  • 1g · Noncash contributions included above

    $31,150

  • 2a · Program service revenue: STUDENT HOUSING

    total $3,596,242 · related or exempt $3,596,242

  • 3 · Investment income

    total $443,149 · excluded $443,149

  • 7a · Gross sales of assets other than inventory

    securities $3,304,979

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

    securities $2,801,257

  • 7c · Gain or loss

    securities $503,722

  • 7d · Net gain or loss

    total $503,722 · related or exempt $503,722

  • 8a · Fundraising events: gross income

    $0

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

    $288,211

  • 8b · Fundraising events: direct expenses

    $164,640

  • 8c · Net income from fundraising events

    total -$164,640 · excluded -$164,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,268,138 · program services $3,268,138

  • 2 · Grants to domestic individuals

    total $1,078,144 · program services $1,078,144

  • 11a · Fees: management

    total $154,233 · program services $154,233

  • 11c · Fees: accounting

    total $24,000 · management and general $24,000

  • 11f · Fees: investment management

    total $56,267 · management and general $56,267

  • 11g · Fees: other

    total $25,821 · management and general $20,138 · fundraising $5,683

  • 13 · Office expenses

    total $10,702 · management and general $3,795 · fundraising $6,907

  • 14 · Information technology

    total $49,182 · program services $6,750 · management and general $15,060 · fundraising $27,372

  • 17 · Travel

    total $378 · management and general $378

  • 20 · Interest

    total $205,603 · program services $205,603

  • 22 · Depreciation, depletion and amortization

    total $1,089,007 · program services $1,089,007

  • 23 · Insurance

    total $21,360 · management and general $21,360

  • 24a · Other expenses: STUDENT HOUSING EXPENSE

    total $1,779,259 · program services $1,779,259

  • 24b · Other expenses: OTHER EXPENSE

    total $10,023 · program services $4,798 · fundraising $5,225

  • 24c · Other expenses: HOSPITALITY

    total $6,454 · management and general $1,080 · fundraising $5,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,547,163 · end of year $1,309,253

  • 2 · Savings and temporary cash investments

    beginning of year $696,329 · end of year $161,038

  • 3 · Pledges and grants receivable

    beginning of year $1,312,525 · end of year $1,570,547

  • 4 · Accounts receivable

    beginning of year $478,950 · end of year $447,529

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,187 · end of year $42,186

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

    $20,799,885

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

    $12,881,512

  • 10c · Land, buildings and equipment, net

    beginning of year $8,379,611 · end of year $7,918,373

  • 11 · Investments: publicly traded securities

    beginning of year $12,041,418 · end of year $14,591,465

  • 12 · Investments: other securities

    beginning of year $3,292,897 · end of year $3,167,585

  • 17 · Accounts payable and accrued expenses

    beginning of year $671,683 · end of year $772,952

  • 19 · Deferred revenue

    beginning of year $80,294 · end of year $52,844

  • 23 · Secured mortgages and notes payable

    beginning of year $10,186,264 · end of year $9,314,144

  • 27 · Net assets without donor restrictions

    beginning of year $3,352,743 · end of year $4,946,475

  • 28 · Net assets with donor restrictions

    beginning of year $13,506,096 · end of year $14,121,561

Mission and programs · 2022

Mission

SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HCC AND THE SUCCESS OF ITS STUDENTS. THROUGH ANNUAL SCHOLARSHIPS, ENDOWMENTS, AND PROGRAM AND FACULTY SUPPORT, WE HAVE AWARDED MORE THAN $14 MILLION SINCE OUR INCEPTION AND CHANGED THOUSANDS OF LIVES FOR THE BETTER.

Activities or mission (Part I)

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

  • SCHOLARSHIPS: ASSISTED OVER 1,000 STUDENTS DURING THE FISCAL YEAR, THE VAST MAJORITY OF WHOM HAVE FINANCIAL NEED.

    Expenses $1,078,144 · Grants $1,078,144

  • HAWKS LANDING: 420-BED STUDENT HOUSING FACILITY TO ENHANCE THE STUDENT EXPERIENCE AT HCC AND ENHANCE LEARNING.

    Expenses $3,232,900 · Revenue $3,596,242

  • HCC 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 $3,274,888 · Grants $3,268,138

As filed on the 2022 return.

Listed in Part VII

  • Eric Bailey

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Darlene Johnson

    VICE CHAIR & GOV. CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marcel Blythe

    DEVELOPMENT CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karl Strauch

    DEVELOPMENT CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christina Acosta

    FACULTY LIAISON

    Total calculated
    $0
    Hours/week
    2

  • Aakash Patel

    TRUSTEE'S LIASON

    Total calculated
    $0
    Hours/week
    1

  • Christopher Taylor

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles Holloman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Anselmo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Sladek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Gagnon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brett Fay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Napier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daid Reno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Koontz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Minden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Georgia Vahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Pankow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Neverson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louise Ellrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Goldbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nadine Fahim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natali Archibee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Qualenta Kivett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Day

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Sells-Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Shear

    EXECUTIVE DIRECTOR AND SEC

    Total calculated
    $129,388
    From this org
    $0
    From related orgs
    $129,388
    Other
    $0
    Hours/week
    0.5 + 39.5 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.

Grants on this return

  • HILLSBOROUGH COMMUNITY COLLEGE

    $0

    PROVIDE DIRECT SUPPORT FOR HILLSBOROUGH COMMUNITY 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 COMMUNITY COLLEGE

    501(C)(1) · COMMUNITY COLLEGE · FL

Provenance

Return type
form_990
Tax year
2022
Filed
7 December 2023
IRS schema version
2022v5.0
Source object
202333419349301028

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