Florida State College at Jacksonville Foundation Inc

EIN: 237168438 501(c)(3)

Jacksonville, FL

Total Revenue
$16,012,297
Total Expenses
$16,013,643
Total Assets
$94,127,755
Net Assets
$88,653,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
FL
Phone
9046323237
Tax Period
2023-10-01 to 2024-09-30

Florida State College at Jacksonville Foundation Inc, founded in 1972, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $88.7M represent 66 months of operating reserves.

Mission

To secure financial resources for Florida State College at Jacksonville to provide students in need the access to affordable and quality education.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,512,160
Program Service Revenue $12,588,077
Investment Income $880,645
Other Revenue $31,415
TOTAL REVENUE $16,012,297

Expense Breakdown

Grants Paid $3,122,353
Salaries & Benefits $251,249
Fundraising Expenses $0
Program Expenses $15,207,461
Other Expenses $12,640,041
TOTAL EXPENSES $16,013,643

Year-over-Year Comparison

2023 2022 Change
Revenue $16,012,297 $11,858,819 +0.4%
Expenses $16,013,643 $12,546,723 +0.3%
Net Income $-1,346 $-687,904 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
17
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$746,583
Total Directors
20
$746,583
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brent Lister Chair 1.0
Officer Director
$0 $0 $0
Chris Lambert VP for Advancement and Executive Director of Foundation 40.0
Officer Director
$109,504 $10,278 $119,782
Cleve Warren CIO and Dir of Community Relations for Foundation 40.0
Officer Director
$141,745 $9,683 $151,428
Danny Berenberg Secretary 1.0
Officer Director
$0 $0 $0
Jeff Mall Treasurer 1.0
Officer Director
$0 $0 $0
John Avendano College President 3.0
Officer Director
$0 $13,850 $475,373
Valerie Hendrix-Jenkins First Vice Chair 1.0
Officer Director
$0 $0 $0
Andrea Barnwell Brownlee Board Member 1.0
Director
$0 $0 $0
Atiya Abdelmalik Board Member 1.0
Director
$0 $0 $0
Aundra Wallace Board Member 1.0
Director
$0 $0 $0
Bishop Rudolph McKissick Jr Board Member 1.0
Director
$0 $0 $0
Brian Parks Board Member 1.0
Director
$0 $0 $0
Carlos Jimenez Board Member 1.0
Director
$0 $0 $0
Charles Moreland Board Member 1.0
Director
$0 $0 $0
Chris Verlander Board Member 1.0
Director
$0 $0 $0
Emily Lisska Board Member 1.0
Director
$0 $0 $0
Maggie Cabral-Maly Board Member 1.0
Director
$0 $0 $0
Michael Corrigan Board Member 1.0
Director
$0 $0 $0
Mike Bell DBOT Liason 1.0
Director
$0 $0 $0
Tim Tresca Board Member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $16,012,297 $16,013,643 $94,127,755 $-1,346
2023 $11,858,819 $12,546,723 $77,372,544 $-687,904
2022 $23,366,290 $20,964,537 $72,547,851 $2,401,753
2021 $9,235,061 $6,159,004 $90,574,375 $3,076,057
2020 $9,664,305 $10,429,209 $67,975,790 $-764,904
2019 $8,356,614 $8,156,530 $65,315,075 $200,084
2018 $10,905,877 $10,105,476 $58,017,110 $800,401
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