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St Petersburg College Foundation

Saint Petersburg, FL · EIN 59-1954362 · 501(c)(3) · Organization operated for a governmental college or university
Latest filing: Form 990 for the fiscal year ending March 31, 2025 (tax year 2024) · View the filing · Correct or respond

St Petersburg College Foundation reported $18.4 million in revenue and $7.0 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $80.47 went to program services, $10.43 to management and general costs and $9.10 to fundraising. Its largest source of revenue was investment income: 57.5% of the total. The highest compensation it reported for one person was $456,762 (COLLEGE PRES). Revenue rose 289% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $7.0M

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

The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $18M

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

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
80.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
10.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
9.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.09$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
38.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
4.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$456,762$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
6.49%1.28%
People paid over $100,000
Part VII, line 2
Not reported8
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
173.213.3
Independent voting board members
Part VI 1a–1b
17 of 17100.0%

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 expense
$2.7M expenses · 47.5% of program spending · grants $2.7M

The foundation has over 287 named scholarship funds that provide financial assistance to st. Petersburg College students. Through the generosity of our donors, we have specific scholarships available for every area of study including (but not limited to), nursing, education, study abroad programs and financial assistance for our returning veterans. Each scholarship has unique awarding criteria which may include financial need and/or academic achievement. College expenses have risen nearly 40% over the last decade, making this the most difficult time in history for young people to pay for a…

$2.1M expenses · 37.7% of program spending · grants $2.1M

The foundation provided funding to st. Petersburg College for program support as well as capital facility projects. The foundation provided financial support for the arts by raising funds for the palladium theatre at st. Petersburg College. In addition, the foundation provided financial support for numerous college departments, such as nursing, education, engineering, business and technology, athletics, collegiate high school and fine arts. Additionally, the foundation provided grants to faculty and staff to implement programs that broaden the scope of the curriculum and improve student…

$836K expenses · 14.7% of program spending · revenue $836K

Provide management of investment assets of the foundation

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
COLLEGE PRES
Officer, 1.00 hrs/week
$0$355,250$101,512$456,762
SECRETARY
Officer, 40.00 hrs/week
$0$166,977$93,759$260,736
TREASURER
Officer, 1.00 hrs/week
$0$134,395$34,320$168,715
ADVANCEMENT
Highest compensated employee, 40.00 hrs/week
$0$117,185$25,438$142,623
DEVELOPMENT
Former, 40.00 hrs/week
$0$102,683$34,339$137,022

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$18M$7.0M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$7.0M80.5%$102M$456,762
FY2024 ⓘ$8.8M$7.4M83.7%$95M$370,094
FY2023 ⓘ$8.0M$6.1M81.9%$78M$415,546
FY2022 ⓘ$9.1M$21M94.6%$84M$384,386
FY2021 ⓘ$6.5M$5.9M82.0%$97M$386,300
FY2020 ⓘ$4.7M$4.8M83.8%$69M$449,235

Governance 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 · 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 617

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
RBC WEALTH MANAGEMENT
Investment mgr
$377,960
KING & SPALDING LLP
Legal services
$155,000

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

14 private foundations reported grants to St Petersburg College Foundation totaling $1.6M 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 St Petersburg 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 St Petersburg 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 St Petersburg College Foundation's spending goes to programs?

In the fiscal year ending March 31, 2025, St Petersburg College Foundation reported that 80.5% of its $7.0 million in expenses went to program services, 10.4% to management and general and 9.1% to fundraising (Form 990, Part IX).

How much does St Petersburg College Foundation pay its top executive?

The largest total compensation St Petersburg College Foundation reported for one person in the fiscal year ending March 31, 2025 was $456,762, for the role of COLLEGE PRES (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does St Petersburg College Foundation get its money?

Of $18.4 million in revenue in the fiscal year ending March 31, 2025, 38.0% came from contributions and grants and 4.5% from program service revenue (Form 990, Part VIII).

Is St Petersburg College Foundation a registered charity?

The IRS lists EIN 59-1954362 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 March 31, 2025, object 202523089349302587 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202500359349300630 · read the filing
  • FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202312319349300306 · read the filing
  • FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202330469349300933 · read the filing
  • FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202132889349301108 · read the filing
  • FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202012679349300701 · read the filing

All filings for EIN 59-1954362: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.