Valencia College Foundation Inc

Nonprofit profile at a glance

EIN
237442785
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Orlando, FL, USA
Phone
4075823150
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$16,557,804
Expenses
$7,609,093
Assets
$117,634,301
Liabilities
$576,289

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

Leadership & pay

42 people listed

Highest reported compensation

  • ANGELA MENDOLARO (AVP, MAJOR G): $238,438 total reported compensation
  • OSCAR CRISTANCHO (FOUNDATION C): $237,770 total reported compensation
  • KATHERINE FAGAN (DIR. OF ACCO): $143,816 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 valencia college foundation advances and serves the valencia college community through partnerships and philanthropy.

What it reported doing in 2024

The foundation supports the activities of valencia college by making direct contributions to the college. The foundation's guiding principles include the following: (1) to steward the resources entrusted to our care (2) to make enhancements of student learning the center of our work (3) to provide opportunities to individuals who might not otherwise be able to attend college (4) to invest wisely and conservatively (5) to partner with the college to meet its mission in the community (6) to communicate openly, frequently and honestly with our constituents (7) to honor the privacy of our donors and friends (8) to ensure we meet both the letter and the spirit of the laws that govern our work.

Operating model

Revenue model
Investment-supported. 68% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 77
  • Accountability: 98
  • Sustainability: 92
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45%; rating input score 45
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $12.7 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.8%; rating input score 98; 28th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.2%; rating input score 97; 31st 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: 54%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 15.46; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 45% of revenue deployed · 71.3% of spending went to programs
  • Governance: 35 of 36 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.4M in reported program spending
  • Leadership: top reported pay $238K · 42 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 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: 4 filed money-flow records
  • Related organizations: 5 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.