Valencia College Foundation
- Assets
- $114.6m
- Revenue
- $11.4m
- Investments
- $10.8m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/1976
- Data as of
- 03/2024
- 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. 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 03/2024, Valencia College Foundation generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $9.0m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Valencia College Foundation has awarded 38 individual grants totaling $46,177,934. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VALENCIA FOUNDATION IS TO SUPPORT THE ACTIVITIES OF VALENCIA COLLEGE IN ORDER TO ENHANCE LEARNING, WORKFORCE TRAINING, AND ECONOMIC DEVELOPMENT. VALENCIA FOUNDATION IS HONORED TO HAVE THE SUPPORT OF DEDICATED INDIVIDUALS AND CORPORATE PARTNERS THAT ENABLE THE FOUNDATION TO PROVIDE SCHOLARSHIPS, TEACHING CHAIRS, AND PROGRAMS 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 TO THE COLLEGE. THE FOUNDATION'S GUIDING PRINCIPLES INCLUDE THE FOLLOWING: (1) TO STEWARD THE RESOURCES ENTRUSTED TO OUR CARE (2) TO MAKE ENHANCEMENTS 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 ENSURE WE MEET BOTH THE LETTER AND THE SPIRIT OF THE LAWS THAT GOVERN OUR WORK.
DURING THE YEAR, THE FOUNDATION DISBURSED 6.31 MILLION IN SUPPORT OF STUDENT SCHOLARSHIPS, TEACHING CHAIRS AND VARIOUS COLLEGE PROGRAMS AND INITIATIVES. PROGRAM FUNDING HIGHLIGHTS INCLUDE 1,152,573 FOR HELIOS, 750,000 FOR THE SCHOOL OF NURSING, AND 211,507 FOR THE HORIZON SCHOLARS PROGRAM.
THE FOUNDATION AWARDED 3.72 MILLION IN SCHOLARSHIPS TO VALENCIA STUDENTS AND ALUMNI FOR FISCAL YEAR 2024. SCHOLARSHIP FUNDING HIGHLIGHTS INCLUDE 505,138 IN SCHOLARSHIPS TO ASSIST STUDENTS IN THE CONTINUING EDUCATION PROGRAMS, HEART OF UNITED WAY 412,125, AND 462,959 FOR FIRST GENERATION IN COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Galbraith Interim Exec | Officer | 14 | $0 |
Oscar Cristancho Foundation C | 8 | $0 | |
Janice Abrew-Coriano Member | Trustee | 1 | $0 |
Robert Agrusa Member | Trustee | 1 | $0 |
Waymon Armstrong Member | Trustee | 1 | $0 |
Sharon Arroyo Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,857,083 |
| Noncash contributions included in lines 1a–1f | $409,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,165,722 |
| Total Program Service Revenue | $1 |
| Investment income | $5,392,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $661,825 |
| Net Income from Fundraising Events | $151,919 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,380,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,532,547 |
| Grants and other assistance to domestic individuals. | $4,266 |
| 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 | $842,743 |
| Pension plan accruals and contributions | $113,133 |
| Other employee benefits | $95,548 |
| Payroll taxes | $61,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $45,500 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $494,723 |
| Fees for services: Other | $237,088 |
| Advertising and promotion | $0 |
| Office expenses | $6,546 |
| Information technology | $86,771 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,093 |
| Interest | $69,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,993,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $555,571 |
| Pledges and grants receivable | $895,625 |
| Accounts receivable, net | $160,971 |
| 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 | $4,862,630 |
| Net Land, buildings, and equipment | $2,603,062 |
| Investments—publicly traded securities | $94,572,086 |
| Investments—other securities | $10,817,579 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,570 |
| Total assets | $114,551,094 |
| Accounts payable and accrued expenses | $448,063 |
| Grants payable | $0 |
| Deferred revenue | $82,331 |
| 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 | $89,542 |
| Total liabilities | $619,936 |
| Net assets without donor restrictions | $16,836,409 |
| Net assets with donor restrictions | $97,094,749 |
| 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 | $114,551,094 |
Grants Awarded
Over the last fiscal year, Valencia College Foundation has awarded $6,506,951 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ROLLINS COLLEGE PURPOSE: SCHOLARSHIPS | $14,420 |
UNIVERSITY OF FLORIDA PURPOSE: SCHOLARSHIPS | $7,500 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIPS | $48,925 |
FLORIDA PREPAID COLLEGE FOUNDATION PURPOSE: PREPAID SCHOLARSHIPS | $665,083 |
VALENCIA COLLEGE PURPOSE: SCHOLARSHIPS/SUPPORT | $5,771,023 |