Overview
What is Eastern Florida State College Foundation?
The Eastern Florida State College Foundation is a charitable organization, established in Cocoa, Florida, with a postal address at 1519 Clearlake Road, FL 32922. Its primary mission is to support Eastern Florida State College by funding scholarships, training faculty and staff, and supplying educational resources. In the fiscal year 2021-2022, the foundation awarded 940 scholarships. The foundation contributes financially to enrich the college's programs and services, thereby benefiting its students, staff, and the surrounding community.
Official website here: www.foundation.easternflorida
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Eastern Florida State College Foundation has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The charity's overall score is driven entirely by its accountability and finance metrics, which showcase effective management of resources and transparency in operations.
The foundation has demonstrated robust governance practices, with a fully independent board consisting of 16 members. It has also received top scores in several key areas, including financial audits and the absence of any material diversion of assets. The program expense ratio of 80.39% indicates that a significant portion of its funds is directed towards its charitable activities.
However, there are a few areas for improvement, particularly regarding its whistleblower policy and document retention practices, both of which are currently missing. Addressing these issues could further enhance the foundation's transparency and accountability. Overall, the Eastern Florida State College Foundation showcases a commendable commitment to its mission and effective fund management.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Florida State College Foundation legitimate?
Eastern Florida State College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Florida State College Foundation 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:
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Other Salaries and Wages: $197,164
For more financial information, click here
Official website here: www.foundation.easternflorida
What is the mission statement of Eastern Florida State College Foundation?
The Eastern Florida State College Foundation's mission is to contribute financially to the enhancement of Eastern Florida State College's programs and services, primarily benefiting its students, faculty, and the broader community. The foundation achieves this by providing scholarships, funding for faculty and staff training, and procuring educational equipment. In the recent fiscal year 2021-2022, the foundation awarded and funded 940 scholarships to support the college's students.
Official website here: www.foundation.easternflorida
What is the revenue of Eastern Florida State College Foundation?
Eastern Florida State College Foundation's revenue in 2024 was $2,758,035.
Official website here: www.foundation.easternflorida
Who are the executives of Eastern Florida State College Foundation and what are their salaries?
There 75 volunteers at Eastern Florida State College Foundation.
Here are 18 key members and their salaries:
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Official website here: www.foundation.easternflorida
Where can I find the form 990 for Eastern Florida State College Foundation?
Eastern Florida State College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.easternflorida
Learn more at the official website: www.foundation.easternflorida
Mission Statement of Eastern Florida State College Foundation
The Eastern Florida State College Foundation dedicates its efforts to bolster the college and its surrounding community by providing financial support in various forms. Their mission is to finance scholarships for deserving students, enhance the skills of faculty and staff through training, and equip the educational establishment with necessary resources. This nonprofit organization's primary objective is to improve the quality of education and services offered by Eastern Florida State College, thereby benefiting both the student body and the wider community. In the fiscal year 2021-2022, the Eastern Florida State College Foundation successfully awarded and funded 940 scholarships, demonstrating their commitment to making higher education more accessible.
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Impact
July, 2024
Eastern Florida State College Foundation's impact can be seen through its support of Eastern Florida State College and the local community. The Foundation funds scholarships for students, provides training for faculty and staff, and supplies educational equipment. In the fiscal year 2021-2022 alone, the EFSC Foundation awarded and funded 940 scholarships, making higher education more accessible to many individuals. By providing financial resources to enhance college programs and services, the Foundation benefits students, faculty, staff, and the community.
This information is meant to be a general summary of Eastern Florida State College Foundation. 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 2024.
- Investment Income: $673,438
- Program Service Revenue: $180,634
- Gross Receipts: $2,803,767
Assets and Liabilities:
- Total Assets: $24,855,477
- Total Liabilities: $14,827
- Net Assets: $24,840,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATHLETICS/CHORUS/OTHER
Revenue
$156,077
ADMINISTRATIVE FEES
Revenue
$24,557
Organization Details
Founding Year
1971
Principal Officer
Laura Maxwell
NTEE Category
Code: B41Z - Education
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