Foundation For Seminole State College Of Florida Inc
- Assets
- $34.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Heathrow, FL
- Founding
- 09/1969
- Data as of
- 06/2023
- EIN
- 23-7033822
Organization Overview
Foundation For Seminole State College Of Florida Inc is located in Heathrow, FL. The organization was established in 1969. 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. Foundation For Seminole State College Of Florida 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 06/2023, Foundation For Seminole State College Of Florida Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE SEMINOLE STATE COLLEGE OF FLORIDA'S PROGRAMS AND SERVICES THROUGH THE DEVELOPMENT AND MANAGEMENT OF PRIVATE CONTRIBUTIONS AND COMMUNITY PARTNERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MERIT AND NEED BASED SCHOLARSHIPS, IN ACCORDANCE WITH DONOR CRITERIA, TO SEMINOLE STATE COLLEGE STUDENTS FOR THE YEAR ENDED JUNE 30, 2023. THE FOUNDATION AWARDED 1,612 SCHOLARSHIPS TO STUDENTS IN FISCAL YEAR 2023. THE AVERAGE SCHOLARSHIP AWARD WAS 769.
PROVIDE FINANCIAL SUPPORT TO SEMINOLE STATE COLLEGE FOR MANY ACADEMIC UNITS, INCLUDING FINE AND PERFORMING ARTS, HONORS, SMALL BUSINESS SERVICES, NURSING, AUTOMOTIVE, CONSTRUCTION PROGRAM, ATHLETICS, SCIENCES, PUBLIC SAFETY, STUDENT SERVICES AND MANY OTHERS.
PROVIDE GRANTS TO SEMINOLE STATE COLLEGE TO SUPPORT FACULTY THROUGH ENDOWED TEACHING CHAIRS, MINI-GRANT AWARDS, STAFF DEVELOPMENT AND PERSONNEL COSTS FOR NURSING PROFESSORS AND FOR ADVISORS FOR FIRST TIME IN COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gyllin Executive Di | Officer | 40 | $0 |
Trey Abshier Director | Trustee | 1 | $0 |
Carralyce Buford Director | Trustee | 1 | $0 |
Evelyn Cardenas Director | Trustee | 1 | $0 |
Timothy Cook Director | Trustee | 1 | $0 |
Melanie Cornell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,071 |
| Related organizations | $0 |
| Government grants | $103,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,859,127 |
| Noncash contributions included in lines 1a–1f | $47,164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,158,407 |
| Total Program Service Revenue | $431,414 |
| Investment income | $879,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$276,584 |
| Net Income from Fundraising Events | $180,859 |
| Net Income from Gaming Activities | $20,780 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,394,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,347,050 |
| Grants and other assistance to domestic individuals. | $1,239,567 |
| 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 | $32,000 |
| Fees for services: Lobbying | $144,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,184 |
| Fees for services: Other | $82,002 |
| Advertising and promotion | $0 |
| Office expenses | $5,683 |
| Information technology | $36,661 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,684 |
| All other expenses | $3,960 |
| Total functional expenses | $3,199,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,316,397 |
| Pledges and grants receivable | $206,914 |
| 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 | $1,472,171 |
| Investments—publicly traded securities | $27,721,865 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,620 |
| Total assets | $34,727,967 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $185,515 |
| Total liabilities | $185,515 |
| Net assets without donor restrictions | $11,762,289 |
| Net assets with donor restrictions | $22,780,163 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,727,967 |
Grants Awarded
Over the last fiscal year, Foundation For Seminole State College Of Florida Inc has awarded $1,347,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEMINOLE STATE COLLEGE OF FLORIDA PURPOSE: SEE PART IV | $1,334,800 |
SEMINOLE STATE COLLEGE OF FLORIDA PURPOSE: SEE PART IV | $12,250 |