Skip to content
Nonprofiteer
← INDIAN RIVER STATE COLLEGE FDN INC

Form 990 for tax year 2022

Filed by INDIAN RIVER STATE COLLEGE FDN INC.

Totals

Total revenue
$12,074,877
Total expenses
$13,183,023
Contributions and grants received
$6,400,742
Grants paid
$10,276,724
Program service revenue
$1,092,020
Investment income
$3,712,362
Other revenue
$869,753
Total assets, end of year
$171,602,015
Total liabilities, end of year
$18,896,897
Net assets or fund balances, end of year
$152,705,118
Program services expenses (Part IX)
$11,274,181
Management and general expenses
$1,575,044
Fundraising expenses
$333,798
Program service expenses (Part III)
$11,274,181

Program services were 85.5% 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.

  • 1f · All other contributions, gifts and grants

    $6,400,742

  • 1g · Noncash contributions included above

    $565,096

  • 2a · Program service revenue: REAL PROPERTY FACILITIES

    total $1,092,020 · related or exempt $1,092,020

  • 3 · Investment income

    total $2,863,950 · excluded $2,863,950

  • 7a · Gross sales of assets other than inventory

    securities $19,811,135 · other assets $4,058,286

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

    securities $22,769,602 · other assets $251,407

  • 7c · Gain or loss

    securities -$2,958,467 · other assets $3,806,879

  • 7d · Net gain or loss

    total $848,412 · related or exempt $848,412

  • 11a · Other revenue: ENDOWMENT INCOME

    total $740,518 · related or exempt $740,518

  • 11b · Other revenue: OTHER REVENUES

    total $129,235 · related or exempt $129,235

  • 11e · Other revenue, total

    $869,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,061,937 · program services $9,061,937

  • 2 · Grants to domestic individuals

    total $1,214,787 · program services $1,214,787

  • 7 · Other salaries and wages

    total $922,415 · program services $230,603 · management and general $461,208 · fundraising $230,604

  • 11d · Fees: lobbying

    total $352,020 · management and general $352,020

  • 11g · Fees: other

    total $596,579 · management and general $596,579

  • 12 · Advertising and promotion

    total $70,850 · fundraising $70,850

  • 13 · Office expenses

    total $55,319 · management and general $27,659 · fundraising $27,660

  • 17 · Travel

    total $6,384 · management and general $3,192 · fundraising $3,192

  • 20 · Interest

    total $73,934 · program services $73,934

  • 22 · Depreciation, depletion and amortization

    total $477,799 · program services $430,019 · management and general $47,780

  • 23 · Insurance

    total $40,586 · management and general $40,586

  • 24a · Other expenses: UTILITIES

    total $124,057 · program services $124,057

  • 24b · Other expenses: OTHER EXPENSES

    total $87,600 · program services $87,600

  • 24c · Other expenses: SUBSCRIPTIONS

    total $32,533 · management and general $32,533

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $26,684 · program services $26,684

  • 24e · All other expenses

    total $39,539 · program services $24,560 · management and general $13,487 · fundraising $1,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,984,398 · end of year $5,995,645

  • 2 · Savings and temporary cash investments

    beginning of year $1,253,885 · end of year $5,129,725

  • 3 · Pledges and grants receivable

    beginning of year $2,099,545 · end of year $1,334,303

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,965 · end of year $52,850

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

    $26,598,211

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

    $6,254,885

  • 10c · Land, buildings and equipment, net

    beginning of year $5,073,428 · end of year $20,343,326

  • 11 · Investments: publicly traded securities

    beginning of year $167,494,970 · end of year $135,204,549

  • 12 · Investments: other securities

    beginning of year $145,948 · end of year $157,941

  • 15 · Other assets

    beginning of year $3,235,180 · end of year $3,383,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,923,859 · end of year $5,440,078

  • 19 · Deferred revenue

    beginning of year $52,135 · end of year $52,135

  • 23 · Secured mortgages and notes payable

    beginning of year $4,396,994 · end of year $4,161,677

  • 25 · Other liabilities

    beginning of year $10,430,642 · end of year $9,243,007

  • 27 · Net assets without donor restrictions

    beginning of year $48,365,752 · end of year $43,791,417

  • 28 · Net assets with donor restrictions

    beginning of year $115,227,937 · end of year $108,913,701

Mission and programs · 2022

Mission

TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY, AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

Activities or mission (Part I)

SUPPORT INDIAN RIVER STATE COLLEGE

  • SCHOLARSHIPS TO STUDENTS AND GRANTS TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

    Expenses $1,214,787 · Grants $1,214,787 · Revenue $5,835,646

  • PROVISION OF REAL PROPERTY AND OTHER FACILITIES FOR USE BY INDIAN RIVER STATE COLLEGE OR ITS STUDENTS

    Expenses $10,059,394 · Grants $9,061,937 · Revenue $1,092,020

As filed on the 2022 return.

Listed in Part VII

  • TIMOTHY E MOORE EDD

    IRSC PRESIDE

    Total calculated
    $604,677
    From this org
    $0
    From related orgs
    $497,083
    Other
    $107,594
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $446,083 related
    Bonus
    not reported
    Other
    not reported + $51,000 related
    Deferred
    not reported + $97,517 related
    Nontaxable benefits
    not reported + $10,077 related
    Filer's total
    not reported + $604,677 related

  • ANNABEL ROBERTSON

    ASSOC. WP -

    Total calculated
    $142,729
    From this org
    $0
    From related orgs
    $129,449
    Other
    $13,280
    Hours/week
    1 + 40 related

  • RYAN ABERNETHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ADAMS

    AUDIT COMMIT

    Total calculated
    $0
    Hours/week
    1

  • MARC ADLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT CAINE

    MEMBERSHIP C

    Total calculated
    $0
    Hours/week
    1

  • STANLEY CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BERT CULBRETH

    FUNDRAISING

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY TONY GEORGE

    BOT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALEX JOHNS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CURTIS JOHNSON JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANK LIBUTTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG MARCELLO

    INVESTMENT C

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BILL MARINE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN MELEAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MELLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MINTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HEATHER RUCKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRANDON TUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMBER WOODS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202440449349301889

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.