Overview
What is St Petersburg College Foundation Inc?
St. Petersburg College Foundation Inc is a charitable organization dedicated to supporting higher education. Based in Saint Petersburg, Florida, the foundation's primary mission involves promoting philanthropy within the community, specifically for St. Petersburg College. They accomplish this objective through various initiatives, such as providing scholarships, awards, and grants to students. Their scholarship fund boasts over 282 named awards, catering to diverse fields of study, including nursing, education, study abroad programs, and veterans' assistance. Each scholarship carries unique eligibility criteria, encompassing financial need and academic achievement. The soaring college expenses, which have risen by nearly 40% over the past decade, make it a challenging financial endeavor for many students. The St. Petersburg College Foundation Inc plays a crucial role in alleviating this burden, providing financial assistance to more than 4,046 students during the 2022-23 academic year, with an average scholarship award of approximately $620. In total, they distributed close to 2.5 million dollars in scholarships. Beyond financial aid, the foundation also contributes to enhancing teaching and instructional services, upgrading facilities, and incorporating advanced technology at St. Petersburg College. This comprehensive approach to philanthropy and higher education advocacy underscores the St. Petersburg College Foundation Inc's commitment to empowering students and fostering a prosperous educational environment.
Official website here: www.spcollegefoundation.spcollege.edu
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
St Petersburg College Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial integrity. This rating is based entirely on the organization's strong performance in accountability and finance metrics. Notably, the foundation boasts 100% independent board members and has received top points across various financial criteria, showcasing its commitment to good governance and transparent practices.
The foundation excels in maintaining a low liabilities-to-assets ratio and a high program expense ratio, which reflects its efforts to allocate funds towards its primary mission effectively. Additionally, the organization demonstrates strong fundraising efficiency, ensuring that a minimal amount of resources is spent on fundraising activities compared to the donations received. Overall, these attributes illustrate that the organization is well-managed and financially sound.
Unfortunately, user reviews from GreatNonprofits could not be retrieved. Hence, insights on community experiences or individual feedback are currently unavailable. This lack of user-generated reviews means that while financials and governance are solid, potential donors may seek more personal testimonials to gauge the foundation's impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is St Petersburg College Foundation Inc legitimate?
St Petersburg College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Petersburg College Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.spcollegefoundation.spcollege.edu
What is the mission statement of St Petersburg College Foundation Inc?
The St Petersburg College Foundation Inc's mission is centered around promoting philanthropy within the community. This is done through strategic partnerships with the aim of advocating for higher education in general, and more specifically at St. Petersburg College (SPC). The foundation's mission includes providing financial aid to students in the form of scholarships, awards, and grants. It also supports the improvement of teaching and instructional services, the development of new and enhanced facilities, and the integration of advanced technology into the educational environment at SPC.
Official website here: www.spcollegefoundation.spcollege.edu
Who is the CEO of St Petersburg College Foundation Inc?
Jesse Turtle is the Chairman of St Petersburg College Foundation Inc.
Official website here: www.spcollegefoundation.spcollege.edu
What is the revenue of St Petersburg College Foundation Inc?
St Petersburg College Foundation Inc's revenue in 2023 was $7,970,051.
Official website here: www.spcollegefoundation.spcollege.edu
Who are the executives of St Petersburg College Foundation Inc and what are their salaries?
There 13 volunteers at St Petersburg College Foundation Inc.
Here are 18 key members and their salaries:
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- Other: $36,350
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- Other: $80,807
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- Related: $326,981
- Other: $88,565
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- Related: $103,610
- Other: $22,212
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- Related: $56,083
- Other: $6,193
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- Related: $94,946
- Other: $17,888
Official website here: www.spcollegefoundation.spcollege.edu
Where can I find the form 990 for St Petersburg College Foundation Inc?
St Petersburg College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.spcollegefoundation.spcollege.edu
Learn more at the official website: www.spcollegefoundation.spcollege.edu
Mission Statement of St Petersburg College Foundation Inc
St. Petersburg College Foundation Inc is committed to promoting philanthropy within the community, with a particular focus on advocating for higher education. The foundation's mission is twofold. Firstly, it aims to provide financial assistance to students attending St. Petersburg College (SPC) through scholarships, awards, and grants. This financial aid is instrumental in helping deserving students afford their education, thereby opening up opportunities for personal growth and career advancement.
Secondly, the St. Petersburg College Foundation Inc is dedicated to enhancing teaching and instructional services at SPC. This involves investing in innovative methods and resources to improve the learning experience for students. The foundation also supports the development of new and improved facilities on campus, ensuring that SPC maintains a modern and conducive environment for learning. Lastly, the foundation is committed to equipping SPC with state-of-the-art technology, ensuring that the college stays at the forefront of educational advancements. In doing so, the St. Petersburg College Foundation Inc plays a crucial role in supporting the higher education sector, contributing to the intellectual growth and development of its students.
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Impact
July, 2024
St Petersburg College Foundation Inc's impact is significant in providing financial assistance to students at St. Petersburg College (SPC). With over 282 named scholarship funds, the foundation supports students in various areas of study, including nursing, education, study abroad programs, and financial assistance for returning veterans. In a challenging financial landscape for higher education, where college expenses have risen nearly 40% over the last decade, the foundation's efforts play a crucial role in enabling students to pursue their academic goals. During 2022-23, the foundation provided financial assistance to more than 4,046 students, with an average scholarship award of approximately $620. In total, around $2.5 million in scholarships were awarded, making a tangible difference in the lives of SPC students.
This information is meant to be a general summary of St Petersburg College Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,329,644
- Program Service Revenue: $672,002
- Gross Receipts: $11,708,458
Assets and Liabilities:
- Total Assets: $77,743,250
- Total Liabilities: $0
- Net Assets: $77,743,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REVENUE
Revenue
$672,002
Organization Details
Founding Year
1979
Phone
(727) 341-3285Principal Officer
Jesse Turtle
Main Address
PO BOX 13489, SAINT PETERSBURG, FL, 33733
NTEE Category
Code: B110 - Education
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