Overview
What is Florida Southwestern State College Financing Corporation?
The Florida Southwestern State College Financing Corporation is a nonprofit organization based in Fort Myers, Florida, with a mission to provide student housing and finance capital projects for the college. They manage and invest funds, and their activities extend to receiving, holding, and administering real estate property. The corporation aims to enhance the capabilities of Florida Southwestern State College by making expenditures for its exclusive benefit, focusing on student housing, parking facilities, and other improvements. They employ a team of three individuals to execute their objectives.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
Florida Southwestern State College Financing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The organization scores particularly well in areas such as having an independent board and a strong conflict of interest policy, which contributes positively to its overall accountability.
The charity's financial governance is robust, with a high program expense ratio of 91.70%, meaning the majority of its funding is directed toward its mission-driven programs. Additionally, it has shown no material diversion of assets, further demonstrating its commitment to ethical financial practices. The presence of an Audit and Oversight Committee strengthens trust in its financial reporting.
However, while the overall score is commendable, there is room for improvement in the liabilities to assets ratio, which stands at 52.65%. This indicates that while the organization is managing its resources effectively, it should continue to monitor its liabilities to ensure long-term financial sustainability. Overall, the organization's strong accountability measures and commitment to its mission are noteworthy strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Southwestern State College Financing Corporation legitimate?
Florida Southwestern State College Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Southwestern State College Financing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Florida Southwestern State College Financing Corporation?
The Florida Southwestern State College Financing Corporation is dedicated to managing real estate property, primarily for the purpose of providing student housing. This organization's primary mission is to invest and administer these properties, ensuring their benefit solely for Florida Southwestern State College. The corporation aims to meet the college's current and future needs, particularly in the areas of student housing, parking facilities, and other improvements. Additionally, it manages and invests funds held by it, supporting various initiatives that further the interests of the college.
Who is the CEO of Florida Southwestern State College Financing Corporation?
Jeff Allbritten is the Principal Officer of Florida Southwestern State College Financing Corporation.
What is the revenue of Florida Southwestern State College Financing Corporation?
Florida Southwestern State College Financing Corporation's revenue in 2023 was $12,316,066.
Who are the executives of Florida Southwestern State College Financing Corporation and what are their salaries?
There are 3 employees and 9 volunteers at Florida Southwestern State College Financing Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $480,474
- Other: $256,256
- Compensation: $0
- Related: $198,018
- Other: $38,548
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $212,502
- Other: $58,830
Where can I find the form 990 for Florida Southwestern State College Financing Corporation?
Florida Southwestern State College Financing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Florida Southwestern State College Financing Corporation
Florida Southwestern State College Financing Corporation, or FSSCFC, is a vital organization with a mission to receive, hold, invest, and administer real estate property, primarily for the purpose of providing student housing. Established to exclusively benefit Florida Southwestern State College, this corporation's role extends beyond housing, as it also finances capital projects to meet the college's current and future needs, such as parking facilities and other improvements.
FSSCFC plays a crucial role in ensuring that students of Florida Southwestern State College have access to adequate housing opportunities. By managing and investing funds held by it, the corporation contributes to the development of student housing and other essential facilities on campus. Moreover, it engages in any other proper activity that aligns with Florida Southwestern State College's goals.
The corporation's primary focus is on providing housing for students, but it also takes on additional responsibilities to support the college's infrastructure. Its mission encompasses financing capital projects, such as student housing, parking facilities, and other improvements, to cater to the evolving requirements of Florida Southwestern State College. Through its dedicated efforts, FSSCFC significantly contributes to the overall growth and development of the college.
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Impact
October, 2024
Florida Southwestern State College Financing Corporation plays a vital role in supporting the educational environment at Florida Southwestern State College. Its primary impact is the provision of housing opportunities for students, which enhances their college experience by offering convenient and affordable living arrangements.
In addition to student housing, the corporation is instrumental in financing capital projects that address both current and future needs of the college. This includes developing essential facilities such as parking areas and other improvements that contribute to the overall infrastructure and accessibility of the campus.
By effectively managing and investing funds, the corporation ensures that resources are available to support these initiatives, ultimately benefiting the student population and the college community as a whole. Through these activities, the corporation directly contributes to the growth and enhancement of educational opportunities at Florida Southwestern State College, fostering a supportive environment for students to thrive academically and socially.
This information is meant to be a general summary of Florida Southwestern State College Financing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $95,257
- Program Service Revenue: $2,832,395
- Gross Receipts: $17,546,093
Assets and Liabilities:
- Total Assets: $36,593,436
- Total Liabilities: $19,269,886
- Net Assets: $17,323,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING RENTAL INCOME
Revenue
$2,677,016
SERVICE FEES
Revenue
$155,379
Organization Details
Founding Year
2007
Phone
(239) 489-9091Principal Officer
Jeff Allbritten
Main Address
8099 COLLEGE PARKWAY, FORT MYERS, FL, 33919
NTEE Category
Code: B11 - Education
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