Hillsborough Community College Foundation Inc

Organization Overview

Hillsborough Community College Foundation Inc is located in Tampa, FL. The organization was established in 1978. 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. Hillsborough Community College 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 06/2022, Hillsborough Community College Foundation Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 5.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HILLSBOROUGH COMMUNITY COLLEGE AND THE SUCCESS OF ITS STUDENTS. AT THE HCC FOUNDATION, WE SUPPORT HCC IN ITS MISSION TO DELIVER AFFORDABLE EDUCATIONAL OPPORTUNITIES THAT HELP STUDENTS BECOME SUCCESSFUL, PRODUCTIVE CITIZENS

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS: ASSISTED OVER 900 STUDENTS DURING THE FISCAL YEAR, THE VAST MAJORITY OF WHOM HAVE FINANCIAL NEED.


HAWKS LANDING: 420-BED STUDENT HOUSING FACILITY TO ENHANCE THE STUDENT EXPERIENCE AT HCC AND ENHANCE LEARNING.


HCC PROGRAM SUPPORT: PROVIDED SUPPORT OF STUDENTS AND FACULTY THROUGH LAUNCHING NEW PROGRAMS OF STUDY, CREATING FOOD PANTRIES FOR NEEDY STUDENTS, MAKING GRANTS TO FACULTY AND STAFF FOR CURRICULAR ENHANCEMENT AND NEW INITIATIVES, AND SUPPORTING COLLEGE PRIORITIES AND EXISTING PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Georgia Vahue
Develeopment Chair
$0
Bruce Napier
Gov. Chair
$0
Chris Taylor
Finance Chair
$0
Eric Bailey
Vice Chair
$0
Charles M Hollman II ESQ
Chair
$0
Stephen Shear
Executive Director And Sec
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$273,612
Related organizations$0
Government grants $2,440,361
All other contributions, gifts, grants, and similar amounts not included above$2,456,237
Noncash contributions included in lines 1a–1f $72,057
Total Revenue from Contributions, Gifts, Grants & Similar$5,170,210
Total Program Service Revenue$3,439,568
Investment income $594,642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $311,260
Net Income from Fundraising Events -$97,184
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,418,496

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Hillsborough Community College Foundation Inc has recieved totaling $530,056.

Awarding OrganizationAmount
Calvin H Reed Family Foundation Inc

Tampa, FL

PURPOSE: TO SUPPORT THE ORGANIZATION

$306,000
Suncoast Credit Union Foundation

Tampa, FL

PURPOSE: 2021-2022 FUNDING

$83,575
Florida College System Foundation Inc

Tallahassee, FL

PURPOSE: VARIOUS AWARDS

$65,019
Truist Foundation Inc

Orlando, FL

PURPOSE: GENERAL OPERATING

$25,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$25,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$9,703
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,472,456
Earnings-$1,362,640
Net Contributions$937,783
Grants$476,896
Ending Balance$9,570,703

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