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Nonprofiteer
← POLK STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2025

Filed by POLK STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$3,637,603
Total expenses
$3,253,341
Contributions and grants received
$1,705,947
Grants paid
$1,562,710
Program service revenue
$0
Investment income
$1,886,403
Other revenue
$45,253
Total assets, end of year
$55,385,381
Total liabilities, end of year
$688,255
Net assets or fund balances, end of year
$54,697,126
Program services expenses (Part IX)
$2,508,073
Management and general expenses
$262,965
Fundraising expenses
$482,303
Program service expenses (Part III)
$2,508,073

Program services were 77.1% 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

    $159,400

  • 1f · All other contributions, gifts and grants

    $1,546,547

  • 1g · Noncash contributions included above

    $38,839

  • 3 · Investment income

    total $1,382,100 · excluded $1,382,100

  • 7a · Gross sales of assets other than inventory

    securities $3,120,243

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

    securities $2,615,940

  • 7c · Gain or loss

    securities $504,303

  • 7d · Net gain or loss

    total $504,303 · excluded $504,303

  • 8a · Fundraising events: gross income

    $271,930

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

    $159,400

  • 8b · Fundraising events: direct expenses

    $275,219

  • 8c · Net income from fundraising events

    total -$3,289 · excluded -$3,289

  • 11a · Other revenue: SPECIAL EVENTS

    total $38,839 · excluded $38,839

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $9,703 · excluded $9,703

  • 11e · Other revenue, total

    $48,542

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,562,710 · program services $1,562,710

  • 11c · Fees: accounting

    total $43,927 · management and general $43,927

  • 11d · Fees: lobbying

    total $120,000 · fundraising $120,000

  • 11f · Fees: investment management

    total $98,163 · management and general $98,163

  • 11g · Fees: other

    total $180,702 · program services $36,790 · management and general $90,097 · fundraising $53,815

  • 13 · Office expenses

    total $3,536 · program services $3,175 · management and general $361

  • 17 · Travel

    total $17,146 · program services $4,148 · management and general $3,250 · fundraising $9,748

  • 24a · Other expenses: COLLEGE PROGRAM

    total $455,090 · program services $455,090

  • 24b · Other expenses: OTHER OPERATING EXPENSE

    total $437,332 · program services $405,822 · management and general $15,686 · fundraising $15,824

  • 24c · Other expenses: SPECIAL EVENTS

    total $242,134 · fundraising $242,134

  • 24d · Other expenses: EQUIPMENT AND CONSTRUCT

    total $77,622 · program services $32,893 · management and general $3,947 · fundraising $40,782

  • 24e · All other expenses

    total $14,979 · program services $7,445 · management and general $7,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,856,036 · end of year $4,423,017

  • 2 · Savings and temporary cash investments

    beginning of year $68,068 · end of year $70,095

  • 3 · Pledges and grants receivable

    beginning of year $2,813,537 · end of year $1,653,789

  • 7 · Other notes and loans receivable

    beginning of year $144,098 · end of year $124,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,227 · end of year $60,366

  • 11 · Investments: publicly traded securities

    beginning of year $40,940,040 · end of year $48,374,097

  • 15 · Other assets

    beginning of year $516,645 · end of year $679,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,619,971 · end of year $688,255

  • 27 · Net assets without donor restrictions

    beginning of year $1,919,557 · end of year $1,567,523

  • 28 · Net assets with donor restrictions

    beginning of year $47,860,123 · end of year $53,129,603

Mission and programs · 2025

Mission

POLK STATE COLLEGE FOUNDATION WORKS IN TANDEM WITH POLK STATE COLLEGE TO HELP IT MEET ITS HALLMARKS AND COMMITMENT TO THE COMMUNITY OF ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. (CONTINUED ON SCHEDULE O)SCHOLARSHIPS ARE A KEY WAY THE FOUNDATION ACCOMPLISHES THIS AND, AS SUCH, REMAINS THE FOUNDATION'S NUMBER-ONE FUNDRAISING PRIORITY. THE POLK STATE COLLEGE FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS COMPRISED OF COMMUNITY LEADERS, AS WELL AS A STRONG MANAGEMENT TEAM TO ENSURE THAT DONATIONS ARE WISELY MANAGED AND LEVERAGED TO MAXIMIZE THE BENEFIT TO THE STUDENTS. GIFTS AT EVERY LEVEL ARE APPRECIATED AND TRULY MAKE A DIFFERENCE IN THE LIVES OF POLK STATE STUDENTS. SOME STUDENTS, INDEED, NEED HELP PAYING FOR THE MAJORITY OF THEIR TUITION, WHILE OTHERS SIMPLY NEED HELP WITH THE COST OF A BOOK TO BE ABLE TO AFFORD TAKING A CLASS AT POLK.

Activities or mission (Part I)

POLK STATE COLLEGE FOUNDATION WORKS IN TANDEM WITH POLK STATE COLLEGE TO HELP IT MEET ITS HALLMARKS AND COMMITMENT TO THE COMMUNITY OF ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. SEE SCHEDULE O.

  • THE POLK STATE COLLEGE FOUNDATION ASSISTS MORE THAN 1,000 STUDENTS ANNUALLY THROUGH AWARDING MORE THAN $1.5 MILLION IN SCHOLARSHIPS. THE MAJORITY OF SCHOLARSHIP AWARDS ARE DONOR DIRECTED AND HELP LIFT UP STUDENTS THROUGHOUT THE COLLEGE POPULATION. FIRST GENERATION, ALLIED HEALTH, PUBLIC SAFETY, ATHLETICS, THE ARTS AND EMERGENCY SCHOLARSHIPS ARE A FEW EXAMPLES OF DONOR DESIGNATIONS. IN ADDITION TO TRADITIONAL AND NON-TRADITIONAL SCHOLARSHIP AWARDS, THE FOUNDATION HAS A POPULAR ELEMENTARY SCHOLARSHIP PROGRAM, WHERE AT LEAST ONE GRADUATE OF EVERY ELEMENTARY SCHOOL IN POLK COUNTY IS AWARDED A SCHOLARSHIP TO ATTEND POLK STATE UPON GRADUATION FROM HIGH SCHOOL. THE FOUNDATION ALSO HELPS TO ELEVATE THE COLLEGE THROUGH AN ENDOWED TEACHING CHAIR PROGRAM THAT HONORS DISTINGUISHED FACULTY. (CONTINUED ON SCHEDULE O)POLK STATE COLLEGE HAS BEEN FURTHER STRENGTHENED BY DONOR CONTRIBUTIONS TO THE FOUNDATION FOR FACILITIES, EQUIPMENT, PROGRAMS AND TECHNOLOGY.

    Expenses $2,508,073 · Grants $1,562,710

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

Listed in Part VII

  • Bo Boyte

    CHAIR (AS OF 7/25)

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Mucci

    VICE CHAIR (AS OF 7/25)

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Hall

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Wendy Ventors

    DEVELOPMENT CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • David Fisher

    PAST CHAIR (AS OF 7/25)

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Dodd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Greta Dupuy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jennifer Fasking

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Tiffani Gozdu

    BOARD MEMBER - AS OF 07/25

    Total calculated
    $0
    Hours/week
    0.25

  • Scott Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Nikki Hayde

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Bill Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Cyndi Jantomaso Medp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Garrett Kenny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jennifer Kincart Jonsson

    BOARD MEMBER - THRU 11/25

    Total calculated
    $0
    Hours/week
    0.25

  • Michele Ledford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Christopher Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Beth Lucket

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Ryan McKellen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Paul Morin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Nelson

    BOARD MEMBER - AS OF 07/25

    Total calculated
    $0
    Hours/week
    0.25

  • Analisa Novosel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Ty Pinner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Nick Plott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Alex Price

    BOARD MEMBER - AS OF 07/25

    Total calculated
    $0
    Hours/week
    0.25

  • Kaley Raub

    BOARD MEMBER - AS OF 07/25

    Total calculated
    $0
    Hours/week
    0.25

  • James Ring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Christine Samuel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Nikki Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Emily Spath

    BOARD MEMBER - AS OF 07/25

    Total calculated
    $0
    Hours/week
    0.25

  • Meg Thornton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Joanie Malone

    CHIEF FINANCIAL OFFICER

    Total calculated
    $148,376
    From this org
    $0
    From related orgs
    $109,000
    Other
    $39,376
    Hours/week
    50

  • Steven Warner

    EXECUTIVE DIRECTOR

    Total calculated
    $199,236
    From this org
    $0
    From related orgs
    $130,000
    Other
    $69,236
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $130,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $69,236 related
    Filer's total
    $0 + $199,236 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

No itemized grants to organizations 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.

  • POLK STATE COLLEGE

    115(1) · PUBLIC INSTITUTION THAT EDUCATES AND CREATES · FL

Provenance

Return type
form_990
Tax year
2025
Filed
11 May 2026
IRS schema version
2025v4.1
Source object
202611339349306706

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