State College Of Florida Foundation Inc

Organization Overview

State College Of Florida Foundation Inc is located in Bradenton, FL. The organization was established in 1981. 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. State College Of Florida 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 09/2022, State College Of Florida Foundation Inc generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $4.8m during the year ending 09/2022. While expenses have increased by 7.6% 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

TO RAISE AND MANAGE FUNDS TO ADVANCE THE COLLEGE'S PRIORITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA.


FOUNDATION PROVIDES FUNDS FOR EQUIPMENT, SUPPLIES,AND OTHER PROGRAM MATERIALS TO STATE COLLEGE OF FLORIDA, MANATEE-SARASOTA


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Board, Officers & Key Employees

Name (title)Compensation
Alix Morin
Vice President
$0
Jodi Allen
Treasurer
$0
Dorothy Korszen
President
$0
Cassandra Holmes
Secretary/executive Direct
$0
Kathleen Cucci
Director
$0
Tim Videnka
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$101,610
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,721,220
Noncash contributions included in lines 1a–1f $590,214
Total Revenue from Contributions, Gifts, Grants & Similar$3,822,830
Total Program Service Revenue$0
Investment income $7,272,310
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,119,115
Net Income from Fundraising Events $137,031
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,356,846

Grants Recieved

Over the last fiscal year, we have identified 1 grants that State College Of Florida Foundation Inc has recieved totaling $1,500.

Awarding OrganizationAmount
Swift Family Foundation Inc

Sarasota, FL

PURPOSE: UNRESTRICTED CHARITABLE DONATION

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$57,898,788
Earnings-$8,588,423
Net Contributions$19,044,579
Other Expense$1,958,204
Ending Balance$66,396,740

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