College Of Central Florida Foundation Inc

Organization Overview

College Of Central Florida Foundation Inc is located in Ocala, FL. The organization was established in 1964. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. College Of Central 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 12/2021, College Of Central Florida Foundation Inc generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 12.3% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COLLEGE OF CENTRAL FLORIDA FOUNDATION IS AN ORGANIZATION ESTABLISHED TO PROVIDE LEADERSHIP SERVICE, VOLUNTARY ACTION, CHARITABLE GIVING AND COMMUNITY INVOLVEMENT. IT ALSO PROVIDES A VARIETY OF EDUCATIONAL AND CULTURAL EVENTS TO ADD TO THE QUALITY OF LEARNING FOR OUR STUDENTS AND TO THE COMMUNITY. DURING 2021, CF FOUNDATION DONORS HAVE REMAINED LOYAL TO THE COLLEGE MISSION DONATING 7,595,734 IN SUPPORT, ESTABLISHING 19 NEW ENDOWMENTS, AND PROVIDING EXISTING PROGRAM SUPPORT. THE PROMISE FOR THE FUTURE FUND OF 4.6 MILLION SUPPORTS PROGRAM DEVELOPMENT, A FOUNDATION AND COLLEGE FUNDING PRIORITY. ADDITIONAL FUNDING DONATED THROUGH THE PROMISE FOR THE FUTURE CAMPAIGN OF 1.8 MILLION IS AVAILABLE FOR THE NEWLY COMPLETED LEVY COUNTY CAMPUS FACILITY AND PROGRAMS. SCHOLARSHIPS TAKING ELEMENTARY PROMISING STUDENTS TO CF (STEPS TO CF) REMAINS A UNIQUE AND INSPIRING PROGRAM THAT AWARDS FIFTH GRADE ELEMENTARY STUDENTS FROM DONOR-ADOPTED SCHOOLS SCHOLARSHIPS TO THE COLLEGE UPON THEIR EVENTUAL HIGH

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS INCLUDE ENDOWMENT CHAIR/GRANT PROGRAM SUPPORT.


SCHOLARSHIPS: FUNDS PROVIDED TO STUDENTS TO HELP PAY THE COSTS OF EDUCATION. RECIPIENT NAMES AND ADDRESSES ARE AVAILABLE IN THE ORGANIZATION'S RECORDS. IN 2021, SCHOLARSHIPS TOTALING 903,054 WERE AWARDED TO 1,855 RECIPIENTS.


STUDENT HOUSING: THE FOUNDATION OWNS AND OPERATES A 192 UNIT APARTMENT COMPLEX FOR STUDENTS OF THE COLLEGE.


INSTITUTIONAL SUPPORT FOR THE COLLEGE INCLUDING OWNING AND OPERATING THE ENTERPRISE CENTER, A SCHOOL-TO-WORK FACILITY BUILT BY THE ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Blair
Vice Chair
$0
Patti Conrad
Past Chair
$0
William M Gladson
Secretary
$0
Michael Hart
Member At La
$0
Bill Mccall
Chair
$0
Phil Schuck
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stentiford Construction Service Inc
Construction
$293,100
Sei Investment Management Corp
Invest. Advisor
$244,306
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$13,205
Fundraising events$52,658
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,021,887
Noncash contributions included in lines 1a–1f $4,994,706
Total Revenue from Contributions, Gifts, Grants & Similar$7,087,750
Total Program Service Revenue$974,853
Investment income $7,528,073
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,800
Net Gain/Loss on Asset Sales $1,218,130
Net Income from Fundraising Events -$6,502
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,814,104

Grants Recieved

Over the last fiscal year, we have identified 1 grants that College Of Central Florida Foundation Inc has recieved totaling $16,500.

Awarding OrganizationAmount
Ocala Royal Dames For Cancer Research Inc

Ocala, FL

PURPOSE: CANCER RESEARCH

$16,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$85,158,594
Earnings$10,706,061
Admin Expense$1,369,564
Net Contributions$1,720,949
Grants$1,599,909
Ending Balance$94,616,131

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