Valencia College Foundation
- Assets
- $113.0m
- Revenue
- $14.9m
- Investments
- $12.5m
- Employees
- 2
- Location
- Orlando, FL
- Founding
- 01/1976
- Data as of
- 03/2022
- EIN
- 23-7442785
Organization Overview
Valencia College Foundation is located in Orlando, FL. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 03/2022, Valencia College Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valencia College Foundation 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, Valencia College Foundation generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $6.3m during the year ending 03/2022. While expenses have increased by 7.5% 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.
Since 2016, Valencia College Foundation has awarded 27 individual grants totaling $34,261,296. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ACTIVITIES OF VALENCIA COLLEGE IN ORDER TO ENHANCE LEARNING, WORKFORCE TRAINING AND ECONOMIC DEVELOPMENT IN CENTRAL FLORIDA THROUGH THE SUPPORT OF SCHOLARSHIPS, TEACHING CHAIRS, PROGRAMS AND BUILDINGS FOR VALENCIA COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE ACTIVITIES OF VALENCIA COLLEGE BY MAKING DIRECT CONTRIBUTIONS AND PROVIDING A BUILDING TO THE COLLEGE. THE FOUNDATION'S GUIDING PRINCIPLES INCLUDE THE FOLLOWING: (1) TO STEWARD THE RESOURCES ENTRUSTED TO OUR CARE (2) TO MAKE ENHANCEMENT OF STUDENT LEARNING THE CENTER OF OUR WORK (3) TO PROVIDE OPPORTUNITIES TO INDIVIDUALS WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND COLLEGE (4) TO INVEST WISELY AND CONSERVATIVELY (5) TO PARTNER WITH THE COLLEGE TO MEET ITS MISSION IN THE COMMUNITY (6) TO COMMUNICATE OPENLY, FREQUENTLY AND HONESTLY WITH OUR CONSTITUENTS (7) TO HONOR THE PRIVACY OF OUR DONORS AND FRIENDS (8) TO VALUE DIVERSITY IN ALL ITS FORMS AND RESPECT THE DIGNITY OF THE INDIVIDUAL (9) TO ENSURE WE MEET BOTH THE LETTER AND THE SPIRIT OF THE LAWS THAT GOVERN OUR WORK.
DURING THE YEAR, THE FOUNDATION DISBURSED 5.9 MILLION IN SUPPORT OF STUDENT SCHOLARSHIPS, TEACHING CHAIRS AND VARIOUS COLLEGE PROGRAMS AND INITIATIVES. PROGRAM FUNDING HIGHLIGHTS INCLUDE 500,000 FOR THE CONTINUED EXPANSION OF THE SCHOOL OF NURSING, 184,000 FOR THE HORIZON SCHOLARS PROGRAM, 78,000 FOR THE PEACE AND JUSTICE INSTITUTE AND 61,000 FOR THE ART OF TOMORROW PROGRAM.
THE FOUNDATION AWARDED 2.53 MILLION IN SCHOLARSHIPS TO VALENCIA STUDENTS AND ALUMNI FOR FISCAL YEAR 2022. SCHOLARSHIP FUNDING HIGHLIGHTS INCLUDE 436,000 FOR FIRST GENERATION IN COLLEGE STUDENTS, 290,000 IN SCHOLARSHIPS TO ASSIST STUDENTS IN THE CONTINUING EDUCATION PROGRAMS; AND 224,000 IN SCHOLARSHIPS FOR HORIZON SCHOLARS PROGRAM GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Gallagher Former Presi | 40 | $5,904 | |
Jess Bailes Secretary | OfficerTrustee | 1 | $0 |
Steven Davis Treasurer/fi | OfficerTrustee | 1 | $0 |
Deborah Mears Past Chair | OfficerTrustee | 1 | $0 |
Diane O'dell Board Chair | OfficerTrustee | 1 | $0 |
Loren Bender Foundation C | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $289,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,983,963 |
| Noncash contributions included in lines 1a–1f | $397,966 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,273,893 |
| Total Program Service Revenue | $456,462 |
| Investment income | $8,901,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,261,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,906,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,979,071 |
| Grants and other assistance to domestic individuals. | $22,854 |
| 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 | $859,091 |
| Pension plan accruals and contributions | $108,034 |
| Other employee benefits | $68,041 |
| Payroll taxes | $54,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,525 |
| Fees for services: Accounting | $51,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $370,403 |
| Fees for services: Other | $58,922 |
| Advertising and promotion | $8,605 |
| Office expenses | $11,298 |
| Information technology | $6,144 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,362 |
| Insurance | $6,419 |
| All other expenses | $0 |
| Total functional expenses | $6,309,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,799,848 |
| Pledges and grants receivable | $1,402,451 |
| Accounts receivable, net | $73,825 |
| 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 | $6,031,842 |
| Net Land, buildings, and equipment | $7,991,608 |
| Investments—publicly traded securities | $83,151,970 |
| Investments—other securities | $12,464,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,315 |
| Total assets | $112,984,075 |
| Accounts payable and accrued expenses | $1,332,529 |
| Grants payable | $0 |
| Deferred revenue | $168,502 |
| 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 | $86,472 |
| Total liabilities | $1,587,503 |
| Net assets without donor restrictions | $16,321,076 |
| Net assets with donor restrictions | $95,075,496 |
| 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 | $112,984,075 |
Grants Awarded
Over the last fiscal year, Valencia College Foundation has awarded $3,979,071 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VALENCIA COLLEGE PURPOSE: SCHOLARSHIPS/SUPPORT | $3,623,224 |
Tallahassee, FL PURPOSE: PREPAID SCHOLARSHIPS | $225,184 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIPS | $40,850 |
Winter Park, FL PURPOSE: SCHOLARSHIPS | $11,560 |
UNIVERSITY OF NORTH FLORIDA PURPOSE: SCHOLARSHIPS | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Valencia College Foundation has recieved totaling $984,343.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Inc Altamonte Springs, FL PURPOSE: General Support | $250,000 |
Pepsico Foundation Inc Purchase, NY PURPOSE: SCHOLARSHIP PROGRAM | $225,000 |
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $154,440 |
Universal Orlando Foundation Inc Orlando, FL PURPOSE: UGIVE GRANT, YEAREND OPERATING GRANT, AND ART FOR TOMORROW | $129,125 |
Florida College System Foundation Inc Tallahassee, FL PURPOSE: VARIOUS AWARDS | $92,355 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $50,000 |
Endowment Analysis
| Beg. Balance | $88,705,021 |
| Earnings | $5,875,558 |
| Admin Expense | $1,504,908 |
| Net Contributions | $198,244 |
| Other Expense | $1,022,778 |
| Grants | $2,431,363 |
| Ending Balance | $89,819,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |
Jessie Ball Dupont Religious Charitable & Educational Fund Jacksonville, FL | $0 | $23,306,581 |
Avant Garde Academy Foundation Inc Hollywood, FL | $46,079,616 | $17,259,977 |
Florida State University Research Foundation Inc Tallahassee, FL | $238,210,385 | $28,107,542 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |
Fsu Financial Assistance Inc Tallahassee, FL | $147,384,832 | $12,995,500 |