St Johns River State College Foundation Inc
- Assets
- $8.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Palatka, FL
- Founding
- 11/1976
- Data as of
- 03/2022
- EIN
- 23-7336585
Organization Overview
St Johns River State College Foundation Inc is located in Palatka, FL. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johns River State College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, St Johns River State College Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $513.8k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ST. JOHNS RIVER STATE COLLEGE AND ITS STUDENTS THROUGH, AMONG OTHER THINGS, A SCHOLARSHIP PROGRAM AND WORKFORCE DEVELOPMENT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED ST. JOHNS RIVER STATE COLLEGE STUDENTS BY FUNDING SCHOLARSHIPS.
SUPPORTED THE THRASHER-HORNE CENTER FOR THE ARTS LOCATED ON THE ORANGE PARK, FLORIDA CAMPUS OF THE COLLEGE.
SUPPORTED ST. JOHNS RIVER STATE COLLEGE STUDENT PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa C Miller Vice Chairma | OfficerTrustee | 1 | $0 |
Caroline D Tingle Secretary-Tr | OfficerTrustee | 1 | $0 |
David Parsons Chairman | OfficerTrustee | 1 | $0 |
Joe H Pickens JD Director | Trustee | 1 | $0 |
Dr Melanie Brown Director | Trustee | 1 | $0 |
Jim Bush Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,109 |
| Total Program Service Revenue | $0 |
| Investment income | $132,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,004,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $380,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,063 |
| Fees for services: Other | $18,995 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $513,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,523 |
| Savings and temporary cash investments | $1,333,616 |
| Pledges and grants receivable | $121,609 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,335,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,945,022 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $131,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,255 |
| Total liabilities | $225,290 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,519,925 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,199,807 |
| Total liabilities and net assets/fund balances | $8,945,022 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that St Johns River State College Foundation Inc has recieved totaling $46,839.
| Awarding Organization | Amount |
|---|---|
Florida College System Foundation Inc Tallahassee, FL PURPOSE: VARIOUS AWARDS | $27,185 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: TO PROVIDE FULL SCHOLARSHIPS ANNUALLY TO ONE RECIPIENT FROM EACH OF THE HIGH SCHOOLS IN PUTNAM COUNTY BASED ON NEED AND ACADEMIC ABILITY | $13,401 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: THE 2ND YEAR SCHOLARSHIP FOR TARGETED STUDENTS IN PUTNAM COUNTY | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Capital City Bank Group Foundation Inc Tallahassee, FL PURPOSE: EDUCATION | $100 |
Endowment Analysis
| Beg. Balance | $5,678,196 |
| Earnings | $414,000 |
| Admin Expense | $70,687 |
| Net Contributions | $599,491 |
| Other Expense | $40,744 |
| Grants | $380,449 |
| Ending Balance | $6,199,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |