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Florida College Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590737882 ✦ Temple terrace, FL ✦ Designated as a 501(c)(3)

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Overview

What is Florida College Inc?

Florida College Inc is a private, independent liberal arts institution located at 119 N Glen Arven Ave, Temple Terrace, Florida 33617. The organization, which employs 522 people, operates a fully accredited four-year liberal arts college and an academy for grades K-12. Florida College's mission is to develop students spiritually, mentally, physically, and socially while integrating the Bible as the revealed will of God into their lives. The comprehensive undergraduate experience offered by the college aims to prepare students for lives of service to their Creator and humanity.


Official website here: www.floridacollege.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating 97% - Four-Star out of Four Star rating

Florida College Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a perfect score in several key areas, the organization demonstrates a strong commitment to transparency and responsible financial management. The score is solely based on its Accountability & Finance metrics, showcasing the charity's focus on maintaining strong governance practices.

The organization boasts a fully independent board, with 100% of its members meeting this criterion. It also has excellent oversight practices, including a robust audit and oversight committee. Financially, the college effectively manages resources, as indicated by a low liabilities-to-assets ratio and high program expense ratio, which illustrates that the majority of funds are directed towards its mission.

Despite these strengths, the data does not highlight specific programmatic impacts or outcomes, which could provide a fuller understanding of the charity's effectiveness in fulfilling its mission. Overall, Florida College Inc stands out for its financial integrity and governance practices, making it a reliable choice for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Florida College Inc legitimate?

Florida College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida College Inc 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: $223,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,643,125

For more financial information, click here


Official website here: www.floridacollege.edu

What is the mission statement of Florida College Inc?

Florida College Inc, as a private and independent liberal arts institution, is dedicated to offering students a comprehensive undergraduate education that fosters their spiritual, mental, physical, and social growth. The college integrates the Bible as God's revealed will into students' lives, aiming to prepare them for lives of service to their Creator and humanity. The mission of Florida College is to operate and maintain a fully accredited four-year liberal arts college and academy for grades K-12.


Official website here: www.floridacollege.edu

Who is the CEO of Florida College Inc?

John Weaver is the President of Florida College Inc.


Official website here: www.floridacollege.edu

What is the revenue of Florida College Inc?

Florida College Inc's revenue in 2022 was $29,466,766.


Official website here: www.floridacollege.edu

Who are the executives of Florida College Inc and what are their salaries?

The average compensation at Florida College Inc during 2022 was $15,070. There are 522 employees and 1091 volunteers at Florida College Inc.


Here are 19 key members and their salaries:


Harry E Payne Jr (President)
  • Compensation: $125,221
  • Related: $0
  • Other: $0
James Lewis (Chief Bus Ofcr.)
  • Compensation: $111,536
  • Related: $0
  • Other: $0
Olen E Britnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David C Roberts (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Bradley Cavender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Smitherman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Craig Hodges (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David M Cooper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph P Hammontree (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Wallace Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Daniel Kingsley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin E Hyde (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles F Nowlin Sr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim A Slone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William T Smith (Asst Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard F Modin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan E Tharp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oliver D Gilliam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.floridacollege.edu

Where can I find the form 990 for Florida College Inc?

Florida College Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.floridacollege.edu

Learn more at the official website: www.floridacollege.edu

Mission Statement of Florida College Inc

Florida College, as a private and independent liberal arts college, is dedicated to offering a comprehensive undergraduate experience that fosters the spiritual, mental, physical, and social development of its students. The college integrates the Bible as the revealed will of God into students' lives, preparing them for lives of service to their Creator and to humanity. Through its operations and maintenance, Florida College provides education to students at both the undergraduate level and in an academy for grades K-12. The college aims to go beyond mere academic achievement and instill values that will benefit students throughout their lives.

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Impact




October, 2024

Florida College Inc significantly enhances the educational landscape in Temple Terrace, Florida, through its commitment to a comprehensive liberal arts curriculum for grades K-12 and its accredited four-year college program. By fostering an environment that integrates spiritual development with academic rigor, the institution nurtures students' growth mentally, physically, and socially.

The college's mission emphasizes the importance of incorporating biblical principles into daily learning, helping students to understand and apply these values in their lives. This holistic approach not only prepares students for academic success but also for meaningful lives of service, encouraging them to contribute positively to society.

With a focus on developing well-rounded individuals, Florida College Inc plays a vital role in shaping future leaders who are equipped to navigate the complexities of the world while adhering to their values and beliefs. Its presence in the community strengthens both educational opportunities and the moral fabric of the region, making a lasting impact on students and the broader society they serve.




This information is meant to be a general summary of Florida College Inc. 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.

Revenue
$29,466,766 (2022)
Expenses
$22,795,501 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,902,967
  • Program Service Revenue: $15,797,645
  • Gross Receipts: $38,439,946

Assets and Liabilities:

  • Total Assets: $69,815,506
  • Total Liabilities: $8,409,575
  • Net Assets: $61,405,931

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOOD SERVICE

Revenue

$1,469,721

RESIDENCE HALLS RENTALS

Revenue

$2,658,170

TUITION & FEES

Revenue

$11,669,754

Organization Details

Founding Year

1946

Principal Officer

John Weaver

Main Address

119 N GLEN ARVEN AVE, TEMPLE TERRACE, FL, 33617

NTEE Category

Code: B420 - Education

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