College Of Central Florida Foundation Inc in Ocala, Florida (FL)

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College Of Central Florida Foundation Inc
Employer Identification Number (EIN)596139037
Name of OrganizationCollege Of Central Florida Foundation Inc
Address3001 Sw College Rd, Ocala, FL 34474-4415
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1964
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$89,359,980
Amount of Income$34,578,144
Form 990 Revenue Amount$10,308,897
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Community or Junior Colleges


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Amount of income in 2013: $34,578,144
College Of Central Florida Foundation Inc: 

 $34,578,144
Other organizations performing similar types of work: 

 $1,575,754

Assets in 2013: $89,359,980
College Of Central Florida Foundation Inc: 

 $89,359,980
Other organizations performing similar types of work: 

 $5,372,399

Expenses in 2013: $2,841,486
This organization: 

 $2,841,486
Other organizations performing similar types of work: 

 $676,136

Income to expenses ratio in 2013: 12.2
College Of Central Florida Foundation Inc: 

 12.2
Other organizations performing similar types of work: 

 2.3

Expenses allocated to program services in 2007: 79.0%
College Of Central Florida Foundation Inc: 

 79.0%
Other organizations performing similar types of work: 

 78.3%

Grants share in income in 2013: 10.5%
College Of Central Florida Foundation Inc: 

 10.5%
Other organizations performing similar types of work: 

 51.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?YesYes
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10964143
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return00
Did the organization file all required federal employment tax returns?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$30,919
Total reportable compensation from related organizations$176,828$137,116
Total estimated amount of other compensation from the organization and related organizations$20,919$47,644
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization11
Statement of Revenue
201120122013
Total revenue$4,875,008$12,726,284$10,308,897
Contributions, Gifts, Grants and Other Similar Amounts$1,397,768$1,202,206$1,080,066
Program Service Revenue$1,069,463$1,120,136$1,156,257
Other Activities Related to Real Estate $787,504$793,146
Other Activities Related to Real Estate $332,632$363,111
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,020,452$1,831,865$2,539,752
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$43,397$40,034$42,144
Gross rents (Real / Personal)$43,397 / $0$40,034 / $0$42,144 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$43,397 / $0$40,034 / $0$42,144 / $0
Net gain/loss from sales of assets other than inventory$1,345,021$8,453,336$5,415,177
Gross amount from sales of assets other than inventory (Securities / Other)$24,886,573 / $0$56,541,606 / $0$29,272,493 / $368,460
Less: cost or other basis and sales expenses (Securities / Other)$23,541,552 / $0$48,088,270 / $0$23,488,856 / $736,920
Gain or (loss) (Securities / Other)$1,345,021 / $0$8,453,336 / $0$5,783,637 / $-368,460
Net income/loss from fundraising events$-1,093$74,527$56,249
Gross income from fundraising events$104,599$188,110$99,720
Less: direct expenses$105,692$113,583$43,471
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$4,180$19,252
900099$4,180$19,252
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$3,391,801$2,942,464$2,841,486
Grants and other assistance to domestic organizations and domestic governments$682,542$438,750
Grants and other assistance to domestic individuals$757,737$760,323
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$41,236
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$0$0$0
Pension plan accruals and contributions$0$0
Other employee benefits$0$0
Payroll taxes$0$0$0
Fees for services (non-employees)
Management$0$0
Legal$0$2,876
Accounting$40,500$41,500
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$129,550$215,121
Other$132,526$135,303
Advertising and promotion$1,544$750
Office expenses$31,311$29,771
Information technology$0$15,788
Royalties$0$0
Occupancy$0$0
Travel$1,205$1,468
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$4,223$3,277
Interest$137,728$120,744
Payments to affiliates$0$0
Depreciation, depletion, and amortization$161,012$161,012
Insurance$52,810$54,961
Other expenses$431,347$472,171
Other expenses$168,148$173,487
Other expenses$98,376$76,295
Other expenses$56,633$57,674
Other expenses$55,272$38,979
Balance Sheet
201120122013
Total assets$75,953,688$81,577,746$89,359,980
Cash - non-interest-bearing$822,690$927,655
Savings and temporary cash investments$3,623,943$5,527,864
Pledges and grants receivable, net$251,601$126,943
Accounts receivable, net$4,339$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$798$833
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$10,587$9,997
Land, buildings, and equipment: cost or other basis$22,432,691$21,550,759
Investments - publicly traded securities$53,898,779$60,658,647
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$532,318$557,282
Total liabilities$4,342,523$3,888,257$3,446,058
Accounts payable and accrued expenses$116,005$66,455
Grants payable$294,392$309,773
Deferred revenue$51,185$41,456
Tax-exempt bond liabilities$2,390,000$2,020,002$1,630,006
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$12,655$10,738$13,343
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,395,935$1,385,025
Total net assets or fund balances$71,611,165$77,689,489$85,913,922
Unrestricted net assets$0$0
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$3,375,584$5,429,790
Paid-in or capital surplus, or land, building, or equipment fund$16,997,128$16,997,003
Retained earnings, endowment, accumulated income, or other funds$51,105,613$57,316,777$63,487,129
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$6,911,638
Subtotal Support$9,197,258
Gifts, grants, contributions, and membership fees received$9,197,258
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$2,285,620
Total Support$16,609,492
Public Support$9,197,258
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7,412,234
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$6,291,998
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$8,281,043$5,967,154$9,731,984
Contributions, gifts, grants, and similar amounts received$5,887,673$3,152,326$4,460,921
Contributions to donor advised funds$0$0
Direct public support$3,620,151$1,706,753$2,892,794
Indirect public support$0$0$0
Government contributions (grants)$2,267,522$1,445,573$1,568,127
Program service revenue including government fees and contracts$919,081$986,751$1,009,797
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$15,295$0$0
Dividends and interest from securities$580,835$910,183$928,274
Net rental income or (loss)$95,078$76,597$80,006
Gross rents$95,078$76,597$80,006
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$879,597$822,918$3,230,153
Gross amount from sales of assets other than inventory$19,263,883$54,558,148$31,874,091
Less: cost or other basis and sales expenses$18,384,286$53,735,230$28,643,938
Net income or (loss) from special events and activities$-96,516$18,379$22,833
Gross revenue$225,653$289,337$299,166
Less: direct expenses other than fundraising expenses$322,169$270,958$276,333
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$3,462,892$3,152,648$3,122,820
Program services$2,955,528$2,669,599$2,467,330
Management and general$507,364$483,049$490,735
Fundraising$0$0$164,755
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$44,760,169$60,208,252$69,120,176
Excess or (deficit) for the year$4,818,151$2,814,506$6,609,164
Net assets or fund balances at beginning of year$39,386,901$44,760,169$60,208,252
Other changes in net assets or fund balances$555,117$12,633,577$2,302,760
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,122,820$2,467,330$490,735$164,755
Grants paid from donor advised funds$0
Other grants and allocations$1,307,532
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$335,698$43,457$292,241$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$445$0$445$0
Payroll taxes$0$0$0$0
Professional fundraising fees$39,208$0$0$39,208
Accounting fees$33,500$0$33,500$0
Legal fees$500$0$500$0
Supplies$14,011$1,161$9,335$3,515
Telephone$0$0$0$0
Postage and shipping$12,934$9$593$12,332
Occupancy$0$0$0$0
Equipment rental and maintenance$2,095$0$477$1,618
Printing and publications$59,048$6,217$7,006$45,825
Travel$6,037$63$1,144$4,830
Conferences, conventions, and meetings$11,253$19$4,109$7,125
Interest$190,434$176,419$14,015$0
Depreciation, depletion, etc.$165,201$165,044$157$0
Other expenses not covered above$944,924$767,409$127,213$50,302
Balance Sheets
200520062007
Total assets$50,025,642$65,442,930$74,261,788
Cash - non-interest-bearing$524,582$395,367$1,122,555
Savings and temporary cash investments$4,712,458$4,670,982$6,161,630
Accounts receivable less allowance for doubtful accounts$15,558$21,724$1,614
Pledges receivable less allowance for doubtful accounts$21,311$13,729$229,268
Grants receivable$0$722,790$805,025
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$1,500,800
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$64,284$76,091$62,712
Investments - publicly-traded securities$36,223,875$40,206,863
Investments - other securities$31,070,869$0$0
Investments - land, buildings, and equipment less accumulated depreciation$329,851$329,851$329,851
Investments - other$0$638,210$1,635,059
Land, buildings, and equipment less accumulated depreciation$13,036,753$22,161,973$21,996,772
Other assets, including program-related investments$249,976$188,338$209,639
Total liabilities$5,265,473$5,234,678$5,141,612
Accounts payable and accrued expenses$901,990$933,391$1,217,405
Grants payable$174,079$346,549$262,150
Deferred revenue$117,570$146,839$158,182
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$3,965,000$3,705,000$3,425,000
Mortgages and other notes payable$47,498$44,742$23,700
Other liabilities$59,336$58,157$55,175
Total liabilities and net assets/fund balances$50,025,642$65,442,930$74,261,788
Total net assets or fund balances$44,760,169$60,208,252$69,120,176
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$0$5,967,154$9,731,984
Total revenue, gains, and other support per audited financial statements$0$8,627,015$12,663,929
Other expenses$0$2,659,861$2,931,945
Net unrealized gains on investments$0$2,083,415$2,341,620
Donated services and use of facilities$0$276,663$299,382
Recoveries of prior year grants$0$0$0
Other$0$299,783$290,943
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$0$3,152,648$3,122,820
Total expenses and losses per audited financial statements$0$3,700,269$3,752,005
Other revenue$0$547,621$629,185
Donated services and use of facilities$0$276,663$299,382
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$270,958$329,803
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$4,238,433$1,032,630
Program service revenue
Program service revenue 1000000$000$0$716,706
Program service revenue 2000000$000$0$293,091
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$928,274$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$80,006$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$3,230,153$0
Net income or (loss) from special events000000$000$0$22,833
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization operated for the benefit of a college or university
Support Schedule
200420052006
Total$17,454,935$7,469,917$4,295,853
Gifts, grants, and contributions received$16,974,837$5,859,628$2,393,089
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$246,294$919,081$986,751
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$233,804$691,208$916,013
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1College Of Central Florida Foundation Inc3001 Sw College Rd, Ocala, FL 34474-4415FL1964-10$34,578,144
2The Harrisburg Area Community College Foundation1 Hacc Dr, Harrisburg, PA 17110-2999PA1986-06$54,109,295
3Utah Valley University Foundation Inc800 W Discovery Pkwy Ste Ms111, Orem, UT 84058UT1982-08$16,642,274
4Santa Rosa Junior College Foundation1501 Mendocino Ave, Santa Rosa, CA 95401-4332CA1972-02$11,881,965
5Wake Technical Community College Foundation Inc9101 Fayetteville Rd, Raleigh, NC 27603-5655NC1968-12$9,074,340
6Westside Community Schools Foundation Inc909 S 76th St, Omaha, NE 68114-4519NE1977-01$5,212,848
7Wilkes Community College Endowment CorporationPO BOX 120, Wilkesboro, NC 28697-0120NC1973-12$5,002,795
8South Seattle Community College Foundation6000 16th Avenue Sw Room Rsb-01, Seattle, WA 98106-1499WA1982-01$4,837,253
9Tulsa Community College Foundation6111 E Skelly Drive, Tulsa, OK 74135-6100OK1971-04$4,298,046
10Roane State Community College Foundation276 Patton Ln, Harriman, TN 37748-8615TN1981-01$3,974,701
11Tacoma Community College Foundation, T C C Foundation6501 S 19th St, Tacoma, WA 98466-6100WA1975-07$3,651,545
12Salt Lake Community College Foundation4600 S Redwood Rd, Salt Lake Cty, UT 84123-3145UT1983-07$3,172,312
13The Mississippi Gulf Coast Community College Foundation IncPO BOX 99, Perkinston, MS 39573-0002MS1916-12$2,874,804
14Washtenaw Community College Foundation4800 E Huron River Dr, Ann Arbor, MI 48105-9481MI1985-10$2,773,203
15Southeastern Community College Foundation IncPO BOX 151, Whiteville, NC 28472-0151NC1983-02$2,729,192
16Sc4 Foundation323 Erie St, Port Huron, MI 48060-3812MI1964-06$2,272,850
17The Foundation For Florida Gateway College Inc149 Se College Pl, Lake City, FL 32025-2006FL1976-02$1,999,580
18Truckee Meadows Community College Foundation7000 Dandini Boulevard Rdmt 200-I, Reno, NV 89512-3999NV1984-03$1,956,668
19Temple Junior College Foundation Inc2600 S 1st St, Temple, TX 76504-7435TX1983-08$1,943,482
20South Puget Sound Community College Foundation2011 Mottman Rd Sw, Olympia, WA 98512-6218WA1983-12$1,824,106
Number of organizations performing similar types of work
Alabama4
Arkansas2
Arizona1
California14
Colorado2
Connecticut1
Florida2
Georgia2
Iowa11
Illinois9
Kansas10
Kentucky2
Louisiana1
Massachusetts4
Maryland9
Michigan11
Minnesota5
Missouri2
Mississippi3
North Carolina22
Nebraska4
New Jersey6
New Mexico1
Nevada1
New York29
Ohio1
Oklahoma3
Oregon4
Pennsylvania7
Rhode Island1
South Carolina1
Tennessee3
Texas5
Utah2
Virginia5
Washington10
Wisconsin1
Total201

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