Florida State College At Jacksonville Foundation Inc
- Assets
- $77.4m
- Revenue
- $11.9m
- Investments
- $20.0m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 08/1973
- Data as of
- 09/2023
- EIN
- 23-7168438
Organization Overview
Florida State College At Jacksonville Foundation Inc is located in Jacksonville, FL. The organization was established in 1973. 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. Florida State College At Jacksonville 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 09/2023, Florida State College At Jacksonville Foundation Inc generated $11.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $12.5m during the year ending 09/2023. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE FINANCIAL RESOURCES FOR FLORIDA STATE COLLEGE AT JACKSONVILLE TO PROVIDE STUDENTS IN NEED THE ACCESS TO AFFORDABLE AND QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTS INDIVIDUALS WHO NEED FINANCIAL ASSISTANCE TO ATTEND FLORIDA STATE COLLEGE AT JACKSONVILLE. TO TAKE ADVANTAGE OF EDUCATIONAL OPPORTUNITIES EACH YEAR, SCHOLARSHIPS ARE AWARDED TO STUDENTS TO PROVIDE FINANCIAL SUPPORT. FOR THE YEAR ENDED SEPTEMBER 30, 2023, THE FOUNDATION AWARDED 1,164,302 IN SCHOLARSHIPS TO 902 STUDENTS.
THE FSCJ ARTIST SERIES ENRICHES LIVES THROUGHOUT NORTHEAST FLORIDA WITH A DIVERSE SELECTION OF PERFORMING ARTS INCLUDING BROADWAY, OFF-BROADWAY, OPERA, BALLET, CONTEMPORARY CONCERTS, EDUCATIONAL THEATRE, WORLD MUSIC, DANCE, AND MANY OTHER PRODUCTIONS, BOTH NATIONAL AND INTERNATIONAL. THE SUPPORT OF FSCJ ARTIST SERIES PATRONS THROUGH ATTENDANCE AND CONTRIBUTION CONTRIBUTES IMPORTANTLY TO PROVIDING ENDOWED SCHOLARSHIPS THROUGH THE FLORIDA STATE COLLEGE AT JACKSONVILLE FOUNDATION.
THE FOUNDATION PROVIDES VARIOUS OTHER FINANCIAL SUPPORT TO FLORIDA STATE COLLEGE AT JACKSONVILLE AS FOLLOWS: FUNDING OF PREPAID COLLEGE SCHOLARSHIPS AND STUDENT SERVICES FOR LOW-INCOME YOUTH AND STUDENTS IN NASSAU COUNTY, FL, AND FINANCIAL SUPPORT TO MUSIC SCHOOL IN DUVAL COUNTY, FL DEDICATED TO PROVIDING QUALITY MUSIC INSTRUCTION FOR CHILDREN, ADULTS, AND FAMILIES REGARDLESS OF BACKGROUND OR EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Berenberg Secretary | OfficerTrustee | 1 | $0 |
Aundra Wallace Board Member | Trustee | 1 | $0 |
Brent Lister First Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Atiya Abdelmalik Board Member | Trustee | 1 | $0 |
Emily Lisska Board Member | Trustee | 1 | $0 |
Tim Tresca Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,626,506 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,776,506 |
| Total Program Service Revenue | $8,328,484 |
| Investment income | $115,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $480,066 |
| Net Income from Fundraising Events | $68,501 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,858,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,054,588 |
| Grants and other assistance to domestic individuals. | $1,164,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,441 |
| Compensation of current officers, directors, key employees. | $181,441 |
| 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 | $1,214,203 |
| Fees for services: Other | $7,001,252 |
| Advertising and promotion | $50,509 |
| Office expenses | $67,685 |
| Information technology | $4,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,267 |
| All other expenses | $37,523 |
| Total functional expenses | $12,546,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,630,856 |
| Pledges and grants receivable | $95,405 |
| 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 | $419,040 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,493,394 |
| Investments—other securities | $19,988,555 |
| Investments—program-related | $23,675 |
| Intangible assets | $0 |
| Other assets | $3,721,619 |
| Total assets | $77,372,544 |
| Accounts payable and accrued expenses | $655,625 |
| Grants payable | $0 |
| Deferred revenue | $4,119,445 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $94,498 |
| 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 | $0 |
| Total liabilities | $4,869,568 |
| Net assets without donor restrictions | $36,835,346 |
| Net assets with donor restrictions | $35,667,630 |
| 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 | $77,372,544 |
Grants Awarded
Over the last fiscal year, Florida State College At Jacksonville Foundation Inc has awarded $1,055,438 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GOODWILL INDUSTRIES OF NORTH FLORIDA PURPOSE: PROVIDE FINANCIAL SUPPORT BY FUNDING PREPAID COLLEGE SCHOLARSHIPS AND STUDENT SERVICES FOR LOW-INCOME YOUTH AND STUDENTS IN DUVAL COUNTY FL. | $288,663 |
TAKE STOCK IN CHILDREN OF NASSAU COUNTY INC PURPOSE: PROVIDE FINANCIAL SUPPORT BY FUNDING PREPAID COLLEGE SCHOLARSHIPS AND STUDENT SERVICES FOR LOW-INCOME YOUTH AND STUDENTS IN NASSAU COUNTY, FL. | $71,100 |
FLORIDA STATE COLLEGE AT JACKSONVILLE PURPOSE: PROVIDE FINANCIAL SUPPORT FOR COLLEGE'S MISSION | $407,885 |
FIRST COAST COMMUNITY MUSIC SCHOOL INC PURPOSE: PROVIDE FINANCIAL SUPPORT TO MUSIC SCHOOL IN DUVAL COUNTY, FL DEDICATED TO PROVIDING QUALITY MUSIC INSTRUCTION FOR CHILDREN, ADULTS AND FAMILIES REGARDLESS OF BACKGROUND OR EXPERIENCE. | $287,790 |