Indian River State College Fdn Inc

Organization Overview

Indian River State College Fdn Inc is located in Fort Pierce, FL. The organization was established in 1966. 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. Indian River State College Fdn 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, Indian River State College Fdn Inc generated $29.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $10.7m during the year ending 03/2022. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT INDIAN RIVER STATE COLLEGE

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Abernethy
Second Vice
$0
Michael Adams
Audit Commit
$0
Scott Caine
Membership C
$0
Anthony Tony George
Bot Chair Au
$0
Bert Culbreth
Fundraising
$0
William Bill Marine
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The P5 Group Llc
Lobbying Servs
$120,000
Edgewood Management Llc
Investment Mmgt
$108,755
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,630,323
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,630,323
Total Program Service Revenue$1,179,235
Investment income $3,306,090
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,701,266
Net Income from Fundraising Events $33,059
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,628,279

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Indian River State College Fdn Inc has recieved totaling $3,387,182.

Awarding OrganizationAmount
Charles and Sandra Johnston Foundation

Jupiter, FL

PURPOSE: EDUCATIONAL

$3,000,000
Tsic Inc

Fort Lauderdale, FL

PURPOSE: MENTORING

$156,722
William & Helen Thomas Charitable Trust

Dallas, TX

PURPOSE: SUPPORT STEM CENTER

$60,000
Wharton-Smith Foundation Inc

Sanford, FL

PURPOSE: CHARITABLE DONATION

$40,000
Florida College System Foundation Inc

Tallahassee, FL

PURPOSE: VARIOUS AWARDS

$39,920
Hobe Sound Community Chest Inc

Hobe Sound, FL

PURPOSE: ASSIST ORGANIZATION

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,526,945
Earnings$6,678,146
Net Contributions$793,264
Grants$4,869,290
Ending Balance$31,129,065

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