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Palm Beach State College Fdn

West Palm Beach, FL · EIN 59-1818556 · 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

Palm Beach State College Fdn reported $13.5 million in revenue and $7.2 million in expenses for calendar year 2024. Of every $100 it spent, $94.16 went to program services, $5.82 to management and general costs and $0.02 to fundraising. Its largest source of revenue was contributions and grants: 79.6% of the total. The highest compensation it reported for one person was $595,756 (PRESIDENT). Revenue rose 107% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $7.2M

Program services$94.16 $6.8M
Management & general$5.82 $419K
Fundraising$0.02 $1,262

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 $13M

Contributions & grants (non-government)$78.11 $11M
Government grants$1.44 $194K
Investment income$20.45 $2.8M

Other revenue was negative: −$14,674. The bar shows the positive sources only.

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.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	94.2%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	5.8%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	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	79.6%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	1.4%	1.1%
Program service revenue share Part VIII 2g ÷ 12	0.0%	69.9%
Highest reported compensation Part VII-A, columns D–F	$595,756	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	8.28%	1.28%
People paid over $100,000 Part VII, line 2	Not reported	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	102.1	13.3
Independent voting board members Part VI 1a–1b	17 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

2024 · Form 990, Part III · the three largest programs by expense

$2.1M expenses · 31.3% of program spending · grants $1.6M

Provide scholarships for tuition, books, and fees to students meeting various criteria established by donors for Palm Beach State College students and on a limited basis graduating sophomores

$4.7M expenses · 68.7% of program spending

Provide support of Palm Beach State College academic programs

Highest reported compensation

2024 · 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
PRESIDENT Officer, 20.00 hrs/week	$0	$493,780	$101,976	$595,756
CEO Officer, 20.00 hrs/week	$0	$214,591	$23,971	$238,562
FACULTY REP Director/trustee, officer, 1.00 hrs/week	$0	$91,726	$12,299	$104,025

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$13M	$7.2M	94.2%	$61M	$595,756
2023 ⓘ	$8.1M	$13M	93.1%	$52M	$511,032
2022 ⓘ	$6.3M	$4.3M	76.8%	$53M	$731,719
2021 ⓘ	$7.5M	$2.8M	81.7%	$61M	$421,504
2020 (amended) ⓘ	$14M	$3.4M	88.7%	$54M	$418,980
2019 ⓘ	$6.5M	$3.5M	85.0%	$41M	$415,868

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–1b17 · 17 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 11aYes
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 50
Volunteers Part I, line 622

Private foundation grants it received

17 private foundations reported grants to Palm Beach State College Fdn totaling $2.1M 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 Palm Beach State College Fdn's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Palm Beach State College Fdn, you can publish a response that is linked from this page.

Report a correction Respond as Palm Beach State College Fdn How this works

Similar-sized charities in this cause

Prep Public Schools
Chattanooga, TN · revenue $13M · programs 60.7% · FY2025
Discovery Charter School
Philadelphia, PA · revenue $13M · programs 74.7% · FY2025
Illinois High School Association
Bloomington, IL · revenue $13M · programs 63.0% · FY2025
Eastside Charter School
Wilmington, DE · revenue $13M · programs 64.6% · FY2025
Next Generation Education
Anaheim, CA · revenue $13M · programs 82.6% · FY2025

All education charities · Largest charities in Florida

Questions people ask

How much of Palm Beach State College Fdn's spending goes to programs?

In calendar year 2024, Palm Beach State College Fdn reported that 94.2% of its $7.2 million in expenses went to program services, 5.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Palm Beach State College Fdn pay its top executive?

The largest total compensation Palm Beach State College Fdn reported for one person in calendar year 2024 was $595,756, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Palm Beach State College Fdn get its money?

Of $13.5 million in revenue in calendar year 2024, 79.6% came from contributions and grants (including 1.4% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Palm Beach State College Fdn a registered charity?

The IRS lists EIN 59-1818556 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 202522339349301122 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202443169349300829 · read the filing
2022: Form 990 for calendar year 2022, object 202342499349300224 · read the filing
2021: Form 990 for calendar year 2021, object 202223199349323412 · read the filing
2020: Form 990 for calendar year 2020 (amended), object 202320469349301127 · read the filing
2019: Form 990 for calendar year 2019, object 202032039349300508 · read the filing

All filings for EIN 59-1818556: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.