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Polk State College Foundation INC

Tax-deductible

Winter Haven, FL501(c)(3)Since 1976 EIN 59-1819213Revenue $3.6M in FY2025Latest return filed May 13, 2026

On file with the IRSpolk.edu/foundation999 Avenue H Ne, 33881-4256 · Winter Haven, FLTax-exempt since Jun 1983College/university support org — 170(b)(1)(A)(iv)

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Polk State College Foundation works in tandem with Polk State College to help IT meet its hallmarks and commitment to the community of access and affordability to higher education. (continued on schedule o)scholarships are a key way the Foundation accomplishes this and, as such, remains the foundation's number-one fundraising priority. The Polk State College Foundation is governed by a board of directors comprised of community leaders, as well as a strong management team to ensure that donations are wisely managed and leveraged to maximize the benefit to the students. Gifts at every level are appreciated and truly make a difference in the lives of Polk State students. Some students, indeed, need help paying for the majority of their tuition, while others simply need help with the cost of a book to be able to afford taking a class at Polk.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 45 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.2M a year · 49% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Plus $48.4M in investments, Pt X · Ln 11–13
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$688K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
-50% vs prior year
Spent
$3.3M
To programs
77%
Net assets
$54.7M
By yearFY2020–FY2025
Revenue
$3.6M
FY2025▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$4.3M
FY2022$6.3M
FY2023$3.0M
FY2024$7.2M
FY2025$3.6M
Expenses
$3.3M
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$2.2M
FY2023$2.3M
FY2024$2.7M
FY2025$3.3M
Net assets
$54.7M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$40.2M
FY2021$44.0M
FY2022$39.2M
FY2023$43.4M
FY2024$49.8M
FY2025$54.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.5M Management & general 8% · $263K Fundraising 15% · $482K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

33 people listed on the 990.

Part VII, Section A · reportable compensation
Bo Boyte
Chair (as of 7/25)
$0Pt VII · Sec A
Matt Mucci
Vice Chair (as of 7/25)
$0Pt VII · Sec A
Jennifer Hall
Treasurer
$0Pt VII · Sec A
Wendy Ventors
Development Chair/Secretary
$0Pt VII · Sec A
David Fisher
Past Chair (as of 7/25)
$0Pt VII · Sec A
Nancy Dodd
Board Member
$0Pt VII · Sec A
Greta Dupuy
Board Member
$0Pt VII · Sec A
Jennifer Fasking
Board Member
$0Pt VII · Sec A
See Polk State College Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Polk State College with resources for its advancement.

Questions for Polk State College Foundation INC

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1 program · $2.5M · in their own filed words · FY2025
01

The polk state college foundation assists more than 1,000 students annually through awarding more than $1.5 million in scholarships. The majority of scholarship awards are donor directed and help lift up students throughout the college population.

$2.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Homer and Annette Thompson FoundationFY2025$40K
Total grants receivedfrom 1 funder$40K
Grants paid · 8 grants · $8.2M · 2020–2025
Unitemized GrantFY2025$1,562,710
Unitemized GrantFY2024$1,488,041
Unitemized GrantFY2023$1,472,648
Unitemized GrantFY2022$1,383,924
Unitemized GrantFY2021$990,972
Polk State CollegeFY2021$174,649
Unitemized GrantFY2020$1,028,010
Polk State CollegeFY2020$124,774

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.6M
Ln 12
Investment incomeLn 3$1.9M
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$45K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.5M
Managementcol C$263K
Fundraisingcol D$482K
Owns and owesPt X
$54.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$55.4M
LiabilitiesLn 26$688K
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$39K
Fundraising eventsLn 1c$159K
Investment incomeLn 3$1.9M
Other incomeLn 4–11$45K
Gains on assetsLn 7$504K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$4.4M
SavingsLn 2$70K
Cash and savings togetherLn 1–2$4.5M
InvestmentsLn 11–13$48.4M
Other assetsLn 15$680K
Total assetsLn 16$55.4M
LiabilitiesLn 26$688K
Net assetsLn 32$54.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$39K
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$43.3M$38.2M$35.4M$31.6M$37.6M
Given inLn 1b$176K$224K$167K$500K$186K
SpentLn 1d–1f−$640K−$1.5M−$900K$1.1M$867K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6.9M$4.5M
InvestmentsLn 11–13$40.9M$48.4M
Total assetsLn 16$51.4M$55.4M
LiabilitiesLn 26$1.6M$688K
Net assetsLn 32$49.8M$54.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.6M$1.6M
Accounting feesLn 11c$44K$44K
Lobbying feesLn 11d$120K$120K
Investment management feesLn 11f$98K$98K
Other fees for servicesLn 11g$181K$37K$90K$54K
Office expensesLn 13$4K$3K$361
TravelLn 17$17K$4K$3K$10K
Other expenses (24a–d)Ln 24$1.2M$894K$20K$299K
All other expensesLn 24e$15K$7K$8K
Total functional expensesLn 25$3.3M$2.5M$263K$482K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 13, 2026 $3.6M$3.3M$384K$54.7M 990 PDF
FY2024Filed with the IRS Jun 18, 2025 $7.2M$2.7M$4.5M$49.8M 990 PDF
FY2023Filed with the IRS Feb 28, 2025 $3.0M$2.3M$732K$43.4M 990 PDF
FY2022Filed with the IRS Jan 15, 2025 $6.3M$2.2M$4.1M$39.2M 990 PDF
FY2021Filed with the IRS Aug 24, 2022 $4.3M$1.9M$2.4M$44.0M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $3.2M$1.8M$1.4M$40.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,637,603 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,675,388$1,705,947
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,719,771$1,886,403
I-11 Other revenuePrior year −$182,712$45,253
I-12 Total revenuePrior year $7,212,447$3,637,603
I-13 Grants and similar amounts paidPrior year $1,488,041$1,562,710
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,190,315$1,690,631
I-18 Total expensesPrior year $2,678,356$3,253,341
I-19 Revenue less expensesPrior year $4,534,091$384,262
Part VI · Governance 29 of 29 board members independent, 1 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,637,603 across 9 lines filed
VIII-1c Fundraising events$159,400
VIII-1f All other contributions, gifts and grants$1,546,547
VIII-1g Noncash contributions (included above)$38,839
VIII-1h Total contributions, gifts and grants$1,705,947
VIII-3 Investment incomeExcluded from tax $1,382,100$1,382,100
VIII-7 Net gain or loss on sales of assetsExcluded from tax $504,303$504,303
VIII-8 Net income from fundraising eventsExcluded from tax −$3,289−$3,289
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $48,542$48,542
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,931,656$3,637,603
Part IX · Statement of functional expenses $3,253,341 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $1,562,710$1,562,710
IX-11c Accounting feesManagement $43,927$43,927
IX-11d Lobbying feesFundraising $120,000$120,000
IX-11f Investment management feesManagement $98,163$98,163
IX-11g Other fees for servicesPrograms $36,790 · Management $90,097 · Fundraising $53,815$180,702
IX-13 Office expensesPrograms $3,175 · Management $361$3,536
IX-17 TravelPrograms $4,148 · Management $3,250 · Fundraising $9,748$17,146
IX-24 Other expenses (24a–d)Programs $893,805 · Management $19,633 · Fundraising $298,740$1,212,178
IX-24e All other expensesPrograms $7,445 · Management $7,534$14,979
IX-25 Total functional expensesPrograms $2,508,073 · Management $262,965 · Fundraising $482,303$3,253,341
Part X · Balance sheet $55,385,381 assets, 13 lines filed
Asset lines not itemized here account for $124,407; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,856,036$4,423,017
X-2 Savings and temporary cash investmentsStart of year $68,068$70,095
X-3 Pledges and grants receivableStart of year $2,813,537$1,653,789
X-9 Prepaid expenses and deferred chargesStart of year $61,227$60,366
X-11 Publicly traded securitiesStart of year $40,940,040$48,374,097
X-15 Other assetsStart of year $516,645$679,610
X-16 Total assetsStart of year $51,399,651$55,385,381
X-17 Accounts payable and accrued expensesStart of year $1,619,971$688,255
X-26 Total liabilitiesStart of year $1,619,971$688,255
X-27 Net assets without donor restrictionsStart of year $1,919,557$1,567,523
X-28 Net assets with donor restrictionsStart of year $47,860,123$53,129,603
X-32 Total net assets or fund balancesStart of year $49,779,680$54,697,126
X-33 Total liabilities and net assetsStart of year $51,399,651$55,385,381
Part XI · Reconciliation of net assets $54,697,126 net assets at year end
XI-1 Total revenue$3,637,603
XI-2 Total expenses$3,253,341
XI-3 Revenue less expenses$384,262
XI-4 Net assets at start of year$49,779,680
XI-5 Net unrealized gains (losses) on investments$4,548,457
XI-9 Other changes in net assets−$15,273
XI-10 Net assets at end of year$54,697,126

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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