New College Foundation
New College Foundation reported $14.1 million in revenue and $4.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.98 went to program services, $14.30 to management and general costs and $4.72 to fundraising. Its largest source of revenue was investment income: 59.1% of the total. The highest compensation it reported for one person was $270,385 (NCF Executive Director). 1 person received more than $100,000 in reportable compensation. Revenue rose 490% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $4.9MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 40.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $270,385 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.52% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 139.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseNew College Foundation funding is provided for academic chairs, professorships and faculty salaries, allowing New College of florida to attract faculty of the highest caliber and reputation. All classes are taught by faculty with a ph.d. Or equivalent degree. Foundation funding also supports innovative faculty research and development which lies at the heart of academic leadership
New College Foundation supports faculty, staff and students at New College and works with commuity members and groups on issues which the arts and humanities bear. To continue to cultivate donor relationships, New College Foundation also supports other nonprofit organizations
The New College Foundation provides scholarship support to New College students, helping them to attend New College of Florida. The financial support the students receive allows them to experience a personalized approach to their education and enables these academically talented students to thrive and realize their full potential, preparing them to assume leadership roles in their scholarly, civic, artistic, and commercial endeavors
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| NCF Executive Director Officer, 40.0 hrs/week | $201,000 | $0 | $69,385 | $270,385 |
| Treasurer; Chief of Staff New College Director/trustee, officer, 1.0 hrs/week | $0 | $206,708 | $40,296 | $247,004 |
1 people received more than $100,000 in reportable compensation from New College Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $285K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 510
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Sarasota Restaurant Enterprises Inc dba Michael's on East Catering | $135,867 |
| Ballard Partners Inc Lobbying and Public Affairs | $120,000 |
| Oak Strategies LLC Lobbying and public affairs | $120,000 |
| Capital City Consulting LLC Lobbying and public affairs | $110,504 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to New College Foundation totaling $28,968 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New College Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New College Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New College Foundation spent in FY2025, $80.98 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Heights PhiladelphiaPhiladelphia, PA · revenue $14M · programs 66.6% · FY2025
- Legacy Traditional School - GlendaleChandler, AZ · revenue $14M · programs 80.8% · FY2025
- Minnesota State High School LeagueBrooklyn Center, MN · revenue $14M · programs 94.0% · FY2025
- Texas A&M University - Kingsville FoundationKingsville, TX · revenue $14M · programs 80.2% · 2024
- The Next Step Public Charter SchoolWashington, DC · revenue $14M · programs 86.7% · FY2025
Questions people ask
How much of New College Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, New College Foundation reported that 81.0% of its $4.9 million in expenses went to program services, 14.3% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does New College Foundation pay its top executive?
The largest total compensation New College Foundation reported for one person in the fiscal year ending June 30, 2025 was $270,385, for the role of NCF Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New College Foundation get its money?
Of $14.1 million in revenue in the fiscal year ending June 30, 2025, 40.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is New College Foundation a registered charity?
The IRS lists EIN 59-0911744 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202503459349300840 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520179349300137 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400659349301410 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330389349301548 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143549349300834 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140569349300244 · read the filing
All filings for EIN 59-0911744: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.