Florida College System Foundation INC

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To secure and manage public and private resources to provide optimal benefit to florida's 28 colleges, thereby supporting students who are seeking a post-secondary education that will positively impact their lives and the future of their communities.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 21 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
3 of 6
filings with a surplus
Average surplus $84K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
15 mo
of spending, in cash
Plus $29.5M in investments, Pt X · Ln 11–13
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+14% vs prior year
Spent
$1.8M
To programs
85%
Net assets
$31.7M
By yearFY2020–FY2025
Revenue
$2.1M
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$2.7M
FY2022$2.4M
FY2023$2.0M
FY2024$1.9M
FY2025$2.1M
Expenses
$1.8M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.5M
FY2022$1.9M
FY2023$2.1M
FY2024$1.9M
FY2025$1.8M
Net assets
$31.7M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.5M
FY2021$30.9M
FY2022$25.7M
FY2023$27.0M
FY2024$29.9M
FY2025$31.7M

From the FY2025 Form 990 (year ending June 2025) · 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 Mar 1995.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.5M Management & general 15% · $268K

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

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ex Committee/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Judy Green’s $103K as President is at the 33rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Florida College System 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

Secures and manages resources to benefit Florida's colleges and students seeking higher education.

Questions for Florida College System Foundation INC

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Your first name shows with your question. Florida College System Foundation INC answers here, for everyone.

1 program · $1.5M · in their own filed words · FY2024
01

Grants made to the florida colleges to fund scholarships for students and other activities supporting the florida college system.

$1.5Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$35K
Grants paid · 168 grants · $8.3M · 2019–2024
See all 168 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$2.1M
Gifts and grantsLn 1h$72K
Other incomeLn 4–11$3K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.5M
Managementcol C$268K
Owns and owesPt X
$31.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$31.7M
LiabilitiesLn 26$14K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Investment incomeLn 3$2.1M
Other incomeLn 4–11$3K
Gains on assetsLn 7$1.3M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$326K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.2M
Accounts receivableLn 4$32K
Land, buildings, equipmentLn 10c$920
InvestmentsLn 11–13$29.5M
Total assetsLn 16$31.7M
LiabilitiesLn 26$14K
Net assetsLn 32$31.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$216K
Share of the $31.6M endowmentSch D 1g0.68%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$31.6M$29.3M$26.2M$25.6M$26.2M
SpentLn 1d–1f$1.3M$1.3M$1.6M$1.2M$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.3M$2.2M
InvestmentsLn 11–13$29.5M
Land, buildings, equipmentLn 10c$2K$920
Total assetsLn 16$29.9M$31.7M
LiabilitiesLn 26$24K$14K
Net assetsLn 32$29.9M$31.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$216K$216K
Other fees for servicesLn 11g$68K$68K$91
Office expensesLn 13$11K$6K$6K
TravelLn 17$43K$42K$581
Conferences, conventions and meetingsLn 19$69K$57K$12K
Depreciation, depletion and amortizationLn 22$990$497$493
InsuranceLn 23$899$899
Other expenses (24a–d)Ln 24$12K$11K$315
All other expensesLn 24e$30$30
Total functional expensesLn 25$1.8M$1.5M$268K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 30, 2026 $2.1M$1.8M$339K$31.7M 990 PDF
FY2024Filed with the IRS Mar 28, 2025 $1.9M$1.9M−$16K$29.9M 990 PDF
FY2023Filed with the IRS May 15, 2024 $2.0M$2.1M−$110K$27.0M 990 PDF
FY2022Filed with the IRS Feb 25, 2023 $2.4M$1.9M$474K$25.7M 990 PDF
FY2021Filed with the IRS Apr 29, 2022 $2.7M$2.5M$214K$30.9M 990 PDF
FY2020Filed with the IRS Apr 15, 2021 $1.2M$1.6M−$394K$24.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,125,272 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,025$71,664
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,827,473$2,050,350
I-11 Other revenuePrior year $2,450$3,258
I-12 Total revenuePrior year $1,865,948$2,125,272
I-13 Grants and similar amounts paidPrior year $1,343,390$1,333,123
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 $538,666$452,965
I-18 Total expensesPrior year $1,882,056$1,786,088
I-19 Revenue less expensesPrior year −$16,108$339,184
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $2,125,272 across 6 lines filed
VIII-1f All other contributions, gifts and grants$71,664
VIII-1h Total contributions, gifts and grants$71,664
VIII-3 Investment incomeExcluded from tax $718,642$718,642
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,331,708$1,331,708
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,258$3,258
VIII-12 Total revenueRelated to mission $3,258 · Unrelated business $0 · Excluded from tax $2,050,350$2,125,272
Part IX · Statement of functional expenses $1,786,088 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,333,123$1,333,123
IX-11c Accounting feesManagement $31,716$31,716
IX-11f Investment management feesManagement $216,358$216,358
IX-11g Other fees for servicesPrograms $68,365 · Management $91$68,456
IX-13 Office expensesPrograms $5,528 · Management $5,695$11,223
IX-17 TravelPrograms $41,935 · Management $581$42,516
IX-19 Conferences, conventions and meetingsPrograms $57,084 · Management $11,887$68,971
IX-22 Depreciation, depletion and amortizationPrograms $497 · Management $493$990
IX-23 InsuranceManagement $899$899
IX-24 Other expenses (24a–d)Programs $11,491 · Management $315$11,806
IX-24e All other expensesPrograms $30$30
IX-25 Total functional expensesPrograms $1,518,053 · Management $268,035 · Fundraising $0$1,786,088
Part X · Balance sheet $31,741,979 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,267,439$325,555
X-2 Savings and temporary cash investments$1,892,378
X-4 Accounts receivableStart of year $35,592$32,213
X-10c Land, buildings and equipment, netStart of year $1,910$920
X-11 Publicly traded securities$29,490,913
X-16 Total assetsStart of year $29,938,887$31,741,979
X-17 Accounts payable and accrued expensesStart of year $23,593$4,453
X-19 Deferred revenueStart of year $0$10,000
X-26 Total liabilitiesStart of year $23,593$14,453
X-27 Net assets without donor restrictionsStart of year $137,361$132,186
X-28 Net assets with donor restrictionsStart of year $29,777,933$31,595,340
X-32 Total net assets or fund balancesStart of year $29,915,294$31,727,526
X-33 Total liabilities and net assetsStart of year $29,938,887$31,741,979
Part XI · Reconciliation of net assets $31,727,526 net assets at year end
XI-1 Total revenue$2,125,272
XI-2 Total expenses$1,786,088
XI-3 Revenue less expenses$339,184
XI-4 Net assets at start of year$29,915,294
XI-5 Net unrealized gains (losses) on investments$1,473,048
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,727,526

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

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