Florida State College at Jacksonville Foundation Inc
Nonprofit profile at a glance
- EIN
- 237168438
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Jacksonville, FL, USA
- Phone
- 9046335948
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $58,300,429
- Expenses
- $15,156,077
- Assets
- $100,781,059
- Liabilities
- $4,717,655
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- JOHN AVENDANO (COLLEGE PRESIDENT)
- R SCOTT EVANS (EXECUTIVE DIRECTOR)
Highest reported compensation
- JOHN AVENDANO (COLLEGE PRESIDENT): $437,544 total reported compensation
- CLEVE WARREN (CHIEF INVESTMENT OFFICER): $165,819 total reported compensation
- CHRISTOPHER LAMBERT (VP OF ADVANCEMENT & EXEC): $154,614 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 foundation's mission is to sponsor and engage in activities that advance the strategic interest of Florida state college at jacksonville (the college) by fostering strong constituent relationships and by encouraging a culture of giving. The foundation's purpose is to "receive, hold, procure, invest and administer property [both real and unreal], and make expenditures to or for the benefit of the college", and to sustain its operations internal independent of in-kind support from the college.
What it reported doing in 2024
Originally developed as a vehicle for making the arts more accessible to students, the artist series serves as a fundraising arm of the fscj foundation and supports the college's performing arts efforts, including the scholarship endowment fund. The fund supports talented performing arts students, as well as other students, attending Florida state college at jacksonville. From blockbuster broadway shows to cultural programs from around the world, fscj artist series' mission is to bring quality entertainment to northeast Florida and southeast Georgia to enhance and enrich the lives of individuals of all ages and tastes. The unique blend of musical and dramatic presentations attracts one of the largest audiences in the area.
Operating model
- Revenue model
- Other-operating. 76% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% 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. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 79
- Accountability: 96
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.5%; rating input score 99
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $2.5 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 45th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 74%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 6.65; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 15.6% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 98.5% of revenue deployed · 87% of spending went to programs
- Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $13.2M in reported program spending
- Leadership: top reported pay $438K · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 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 — Financial Efficiency: Fundraising efficiency scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.