Florida Southwestern State College Financing Corporation

Organization Overview

Florida Southwestern State College Financing Corporation is located in Fort Myers, FL. The organization was established in 2008. 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 03/2024, Florida Southwestern State College Financing Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Southwestern State College Financing Corporation 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, Florida Southwestern State College Financing Corporation generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.2m during the year ending 03/2024. While expenses have increased by 2.6% per year over the past 9 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

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, HOLD, INVEST, AND ADMINISTER REAL ESTATE PROPERTY,INCLUDING PROVIDING STUDENT HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSES OF THE FINANCING CORPORATION ARE TO (I) PROVIDE HOUSING OPPORTUNITIES FOR THE STUDENTS OF THE COLLEGE; (II) TO FINANCE CAPITAL PROJECTS TO MEET CURRENT AND FUTURE NEEDS OF THE COLLEGE, SUCH AS STUDENT HOUSING, PARKING FACILITIES, AND/OR OTHER IMPROVEMENTS; (III) MANAGE AND INVEST FUNDS HELD BY IT, OR (IV) ANY OTHER PROPER ACTIVITY OF FLORIDA SOUTHWESTERN STATE COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffery Allbritten Da
President
$0
Joe Coleman
Secretary
$0
Mary Lee Mann
Chair
$0
Robert Bob Jones
Vice-Chair
$0
John Noland
Director
$0
Randall T Parrish Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skanska Usa Building Inc
Construction
$181,772
Shaw Industries Inc
Construction
$155,996
Abm Industry Groups Llc
Maintenance
$156,563
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$410,901
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$410,901
Total Program Service Revenue$2,941,498
Investment income $400,406
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $54,149
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,806,954

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