Broward College Foundation Inc
Nonprofit profile at a glance
- EIN
- 237181959
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fort Lauderdale, FL, USA
- Phone
- 9542017414
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $13,377,677
- Expenses
- $12,018,975
- Assets
- $138,973,140
- Liabilities
- $4,882,749
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- BARBARA BRYAN (COLLEGE PRESIDENT (THRU 03/2024))
- DONALD ASTRAB (INTERIM PRES. (THRU 12/2024); BROWARD COLLEGE PRESIDENT (AS OF 12/2024))
- MEGAN R COTTLE (EXECUTIVE DIRECTOR (THRU 04/2024))
- RAYMOND MONTELEONE (CHAIR - PRESIDENT)
- SCOTT RIVINIUS (ACTING VP (THRU 12/2024); EXECUTIVE DIRECTOR (AS OF 12/2024))
- NANCY BOTERO (FORMER EXECUTIVE DIRECTOR)
Highest reported compensation
- DONALD ASTRAB (INTERIM PRES. (THRU 12/2024); BROWARD COLLEGE PRESIDENT (AS OF 12/2024)): $328,353 total reported compensation
- NANCY BOTERO (FORMER EXECUTIVE DIRECTOR): $191,988 total reported compensation
- SCOTT RIVINIUS (ACTING VP (THRU 12/2024); EXECUTIVE DIRECTOR (AS OF 12/2024)): $189,879 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the broward college foundation is to transform lives through education by providing community awareness, advocacy and financial support to broward college.
What it reported doing in 2024
Scholarships: are provided to help students attend the college and achieve a higher education.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 70
- Accountability: 87
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.7%; rating input score 95
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $3.51 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 86.9%; rating input score 87; 19th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 86.7%; rating input score 87; 19th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.2%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 11.56; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 9.1% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 94.7% of revenue deployed · 79.8% of spending went to programs
- Governance: 13 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $9.6M in reported program spending
- Leadership: top reported pay $328K · 24 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $489K reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.