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Daytona State College Foundation

Daytona Beach, FL · EIN 59-1581805 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Daytona State College Foundation reported $10.5 million in revenue and $1.7 million in expenses for calendar year 2024. Of every $100 it spent, $81.22 went to program services, $17.62 to management and general costs and $1.16 to fundraising. Its largest source of revenue was investment income: 50.4% of the total. The highest compensation it reported for one person was $614,187 (PRESIDENT). 2 people received more than $100,000 in reportable compensation. Revenue rose 113% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.7M

For 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

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
81.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
17.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
48.2%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
$614,187$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
36.12%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
337.613.3
Independent voting board members
Part VI 1a–1b
19 of 19100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$142K expenses · 10.3% of program spending · grants $142K

Grants and other assistance including Daytona State College program support that funds athletics, the school of nursing endowment, the entrepreneurial program, respiratory care, and the southeast musuem of photography

$1.1M expenses · 78.9% of program spending · grants $1.1M

Student assistance in the form of tuition, books, materials, scholarships or grants for emergency financial assistance

$148K expenses · 10.7% of program spending

Other support to the college facility or program activities

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 1.00 hrs/week
$0$453,571$160,616$614,187
CFO
Officer, 1.00 hrs/week
$0$147,930$61,327$209,257
INT. ED 4/24-7/24; ED AS OF 7/24
Officer, 25.00 hrs/week
$0$98,683$31,410$130,093
VICE PRESIDENT; ED 1/24-4/24
Officer, 25.00 hrs/week
$0$47,557$14,238$61,795

2 people received more than $100,000 in reportable compensation from Daytona State College Foundation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$11M$1.7M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$11M$1.7M81.2%$48M$614,187
2023 ⓘ$4.9M$1.7M85.8%$40M$537,689
2022 ⓘ$2.6M$1.8M86.2%$33M$503,138
2021 ⓘ$6.1M$3.2M92.3%$39M$500,738
2020 ⓘ$4.8M$4.7M94.8%$36M$390,372
2019 ⓘ$5.0M$2.3M90.3%$34M$382,095

Governance answers, as filed

2024 · 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–1b19 · 19 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 15aNo
  • 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 4No
  • 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 50
  • Volunteers Part I, line 634

Private foundation grants it received

3 private foundations reported grants to Daytona State College Foundation totaling $40,114 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 Daytona State 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 Daytona State College Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Florida

Questions people ask

How much of Daytona State College Foundation's spending goes to programs?

In calendar year 2024, Daytona State College Foundation reported that 81.2% of its $1.7 million in expenses went to program services, 17.6% to management and general and 1.2% to fundraising (Form 990, Part IX).

How much does Daytona State College Foundation pay its top executive?

The largest total compensation Daytona State College Foundation reported for one person in calendar year 2024 was $614,187, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Daytona State College Foundation get its money?

Of $10.5 million in revenue in calendar year 2024, 48.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Daytona State College Foundation a registered charity?

The IRS lists EIN 59-1581805 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

  • 2024: Form 990 for calendar year 2024, object 202543179349301704 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349301009 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333119349301323 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202202859349301070 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143129349301349 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202001959349302595 · read the filing

All filings for EIN 59-1581805: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.