Seminole Boosters Inc

Nonprofit profile at a glance

EIN
591561180
IRS 990 coverage
2010–2024
Official website data refreshed
Jun 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Tallahassee, FL, USA
Phone
8506448803
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$82,147,704
Expenses
$97,157,914
Assets
$219,428,499
Liabilities
$84,207,216

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

64 people listed

Executive titles in this filing

  • STEPHEN PONDER (CEO/PRESIDENT)

Highest reported compensation

  • RICK MCCULLOUGH (DIRECTOR): $1,872,326 total reported compensation
  • MICHAEL ALFORD (DIRECTOR): $1,614,199 total reported compensation
  • MARLA VICKERS (DIRECTOR): $524,173 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Seminole boosters, inc. Was created as a not-for-profit organization to stimulate and promote the education, health, and physical welfare of the student of Florida state university by providing financial support for the intercollegiate athletic program at fsu.

What it reported doing in 2024

Expenditures include disbursements made to Florida state university department of athletics, disbursements made to Florida state university, and transfers to fsu financial assistance and fsu athletic association. These disbursements include, athletic development fund payments to supplement athletic department salaries, operating transfers to help pay student athlete scholarships, on behalf of disbursements to support various other sport needs, university presidental transfers to supplement the fundraising efforts of the university president, restricted disbursements made by individual sports from specific restricted accounts to allow continued increased performance in each sport, and transfers of funds collected to pay the debt service of fsu financial assistance.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 91
  • Accountability: 96
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.5%; rating input score 84
  • Fundraising efficiency: $11.46 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 93%; rating input score 93; 43rd 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: -18.3%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 2.26; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.5% of spending went to programs
  • Governance: 53 of 57 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $82.1M in reported program spending
  • Leadership: top reported pay $1.9M · 64 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $5.2M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 14 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.