BROWARD COLLEGE FOUNDATION INC

EIN: 237181959 501(c)(3) Philanthropy & Grantmaking

FORT LAUDERDALE, FL

Total Revenue
$24,958,064
Total Expenses
$24,684,118
Total Assets
$131,928,533
Net Assets
$129,962,270
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
FL
Principal Officer
TOREY ALSTON
Phone
9542017414
Tax Period
2023-01-01 to 2023-12-31

BROWARD COLLEGE FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $25.0M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Net assets of $130.0M represent 62 months of operating reserves.

Mission

THE MISSION OF THE BROWARD COLLEGE FOUNDATION IS TO TRANSFORM LIVES THROUGH EDUCATION BY PROVIDING COMMUNITY AWARENESS, ADVOCACY AND FINANCIAL SUPPORT TO BROWARD COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $4,471,339 Revenue: $488,483

SCHOLARSHIPS: ARE PROVIDED TO HELP STUDENTS ATTEND THE COLLEGE AND ACHIEVE A HIGHER EDUCATION.

Program 2
Expenses: $16,910,244 Revenue: $0

ACADEMIC AND COLLEGE SUPPORT.

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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 $19,092,550
Program Service Revenue $488,483
Investment Income $5,256,418
Other Revenue $120,613
TOTAL REVENUE $24,958,064

Expense Breakdown

Grants Paid $17,206,210
Salaries & Benefits $4,754,797
Fundraising Expenses $1,865,829
Program Expenses $21,381,583
Other Expenses $2,723,111
TOTAL EXPENSES $24,684,118

Year-over-Year Comparison

2023 2022 Change
Revenue $24,958,064 $14,539,033 +0.7%
Expenses $24,684,118 $10,949,672 +1.3%
Net Income $273,946 $3,589,361 -0.9%
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
22
Independent Members
18
Employees
N/A
Volunteers
18

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
13
$1,092,604
Total Directors
31
$1,092,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY A HAILE ESQ BROWARD COLLEGE PRESIDENT 1.0
Officer Director
$0 $266,863 $630,582
NANCY R BOTERO EXECUTIVE DIRECTOR 12.5
Officer Director
$0 $42,336 $203,139
MEGAN R COTTLE EXEC. DIRECTOR (AS OF 06/2023) 12.5
Officer Director
$0 $42,085 $147,874
BARBARA BRYAN COLLEGE PRES (AS OF 10/2023) 1.0
Officer Director
$0 $23,636 $111,009
CRAIG L FARLIE CHAIR (THRU 09/2023) 0.2
Officer Director
$0 $0 $0
RAYMOND MONTELEONE CHAIR - PRESIDENT 0.2
Officer Director
$0 $0 $0
GINGER MARTIN CPA VICE CHAIR 0.2
Officer Director
$0 $0 $0
ALEXANDER FERNANDEZ TREASURER 0.2
Officer Director
$0 $0 $0
REGINALD R ANDRE SECRETARY 0.2
Officer Director
$0 $0 $0
VANESA PATINO SECRETARY (THRU 09/2023) 0.2
Officer Director
$0 $0 $0
BACARDI L JACKSON PAST CHAIR 0.2
Officer Director
$0 $0 $0
ALIX ALEXIS DIRECTOR 0.1
Director
$0 $0 $0
GLORIA M FERNANDEZ DIRECTOR (AS OF 05/2023) 0.1
Director
$0 $0 $0
ALAN HAIG DIRECTOR (THRU 09/2023) 0.1
Director
$0 $0 $0
CAPT BARRINGTON A IRVING JR DIRECTOR 0.1
Director
$0 $0 $0
JARRET S LEVAN DIRECTOR (THRU 09/2023) 0.1
Director
$0 $0 $0
SASHA LIGHTBOURNE DIRECTOR (AS OF 12/2023) 0.1
Director
$0 $0 $0
DR STANLEY MARKS MD DIRECTOR 0.1
Director
$0 $0 $0
GREGORY E MCGOWAN DIRECTOR (THRU 09/2023) 0.1
Director
$0 $0 $0
BO MEGGINSON DIRECTOR (AS OF 12/2023) 0.1
Director
$0 $0 $0
BIANA MURNANE DIRECTOR (AS OF 12/2023) 0.1
Director
$0 $0 $0
YOLANDA PEREZ DIRECTOR (AS OF 12/2023) 0.1
Director
$0 $0 $0
GEORGE I PLATT DIRECTOR 0.1
Director
$0 $0 $0
DIONNE HE POLITE DIRECTOR 0.1
Director
$0 $0 $0
NATALIE L RANSOM DIRECTOR (THRU 09/2023) 0.1
Director
$0 $0 $0
LARRY RICE DIRECTOR 0.1
Director
$0 $0 $0
LLord F RHODES DIRECTOR (THRU 09/2023) 0.1
Director
$0 $0 $0
JESSICA RODRIGUEZ DIRECTOR 0.1
Director
$0 $0 $0
REGGIE ZACHARIAH JR DIRECTOR 0.1
Director
$0 $0 $0
MONICA MCGRATH VICE CHAIR (THRU 02/23) 0.2
Officer Director
$0 $0 $0
BEVERLY YANOWITCH TREASURER (THRU 02/23) 0.2
Officer 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 No data No data No data No data
2023 $24,958,064 $24,684,118 $131,928,533 $273,946
2022 $14,539,033 $10,949,672 $124,383,163 $3,589,361
2021 $44,251,714 $10,178,785 $139,692,990 $34,072,929
2020 $4,710,688 $8,538,519 $94,582,398 $-3,827,831
2019 $15,396,827 $9,898,758 $87,541,715 $5,498,069
2018 $10,129,356 $9,578,815 $75,663,900 $550,541
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