2023-12-06T17:03:00-05:00 2023-03-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2022-04-01 237442785 VALENCIA COLLEGE FOUNDATION INC VALE 4075823150 1800 SOUTH KIRKMAN ROAD ORLANDO FL 32811 JAMES R GALBRAITH INTERIM EXEC. DIR. 4075823319 2023-12-06 true JAMES GALBRAITH 999009999 true ABBEY K REDDEN CPA P00189512 3217572020 2023-12-06 2022 2023-04-26 12:10:37Z X JAMES R GALBRAITH 1800 SOUTH KIRKMAN ROAD ORLANDO FL 32811 32324475 false X WWW.VALENCIA.ORG X 1974 FL THE MISSION OF VALENCIA FOUNDATION IS TO SUPPORT THE ACTIVITIES OF VALENCIA COLLEGE IN ORDER TO ENHANCE LEARNING, WORKFORCE TRAINING, AND ECONOMIC DEVELOPMENT. VALENCIA FOUNDATION IS HONORED TO HAVE THE SUPPORT OF DEDICATED INDIVIDUALS AND CORPORATE PARTNERS THAT ENABLE THE FOUNDATION TO PROVIDE SCHOLARSHIPS, TEACHING CHAIRS, AND PROGRAMS FOR VALENCIA COLLEGE. 32 32 0 34 0 4273893 4290956 456462 114116 10162595 7129228 13892 94205 14906842 11628505 4001925 5486731 0 1090143 1067225 0 390515 1217387 893367 6309455 7447323 8597387 4181182 112984075 108236547 1587503 1984906 111396572 106251641 X THE MISSION OF VALENCIA FOUNDATION IS TO SUPPORT THE ACTIVITIES OF VALENCIA COLLEGE IN ORDER TO ENHANCE LEARNING, WORKFORCE TRAINING AND ECONOMIC DEVELOPMENT IN CENTRAL FLORIDA. VALENCIA FOUNDATION IS HONORED TO HAVE THE SUPPORT OF DEDICATED INDIVIDUAL AND CORPORATE PARTNERS THAT ENABLE THE FOUNDATION TO PROVIDE SCHOLARSHIPS, TEACHING CHAIRS, PROGRAMS AND BUILDINGS FOR VALENCIA COLLEGE. false false 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 ENHANCEMENT 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. 2662435 2143018 114116 DURING THE YEAR, THE FOUNDATION DISBURSED 5.5 MILLION IN SUPPORT OF STUDENT SCHOLARSHIPS, TEACHING CHAIRS AND VARIOUS COLLEGE PROGRAMS AND INITIATIVES. PROGRAM FUNDING HIGHLIGHTS INCLUDE 1,000,000 FOR THE CONTINUED EXPANSION OF THE SCHOOL OF NURSING, 298,560 FOR THE PEACE AND JUSTICE INSTITUTE AND 207,592 FOR THE HORIZON SCHOLARS PROGRAM. 3160000 3160000 THE FOUNDATION AWARDED 3.16 MILLION IN SCHOLARSHIPS TO VALENCIA STUDENTS AND ALUMNI FOR FISCAL YEAR 2023. SCHOLARSHIP FUNDING HIGHLIGHTS INCLUDE 980,267 IN SCHOLARSHIPS TO ASSIST STUDENTS IN THE CONTINUING EDUCATION PROGRAMS AND 474,590 FOR FIRST GENERATION IN COLLEGE STUDENTS. 5822435 true true false false false false false false false true true true false false true true true false false false false false false false true false false true true true false false false false false false false false true false false false false true false false false true 6 0 0 false true CJ false false false true true false false false false false false false false X 32 32 false false false false false false false true true false false true true true true true true true true false FL X X JAMES R GALBRAITH 4075823150 1800 SOUTH KIRKMAN ROAD ORLANDO FL 32811 LOREN BENDER FOUNDATION C 4.00 X 0 213200 9601 JAMES R GALBRAITH INTERIM EXEC 14.00 X 0 209508 7062 JANICE ABREW-CORIANO MEMBER 1.00 X 0 0 0 HAMID ANGHAIE MEMBER 1.00 X 0 0 0 IRIS ARTZE-VEGA MEMBER (NON- 1.00 X 0 0 0 JESS BAILES SECRETARY 1.00 X X 0 0 0 DAVID BERELSMAN MEMBER 1.00 X 0 0 0 PATRICK BUFFA MEMBER 1.00 X 0 0 0 ALAN BYRD MEMBER 1.00 X 0 0 0 DAVE COLLIER MEMBER 1.00 X 0 0 0 KARI CONLEY MEMBER 1.00 X 0 0 0 STEVEN DAVIS TREASURER/FI 1.00 X X 0 0 0 PATRICIA ENGFER MEMBER 1.00 X 0 0 0 CAROLYN FENNELL MEMBER 1.00 X 0 0 0 K SUE FOREMAN PAST CHAIR 1.00 X 0 0 0 DARREN HINSHAW MEMBER 1.00 X 0 0 0 PAUL JESSEN MEMBER 1.00 X 0 0 0 LISA MACON MEMBER 1.00 X 0 0 0 JULIO MARTINEZ MEMBER 1.00 X 0 0 0 RICHARD MCCREE BOARD DEVELO 1.00 X 0 0 0 JEFF MOCK MEMBER 1.00 X 0 0 0 EDWARD MOORE MEMBER 1.00 X 0 0 0 JOSHUA MURDOCK MEMBER 1.00 X 0 0 0 BROCK NICHOLAS MEMBER 1.00 X 0 0 0 DIANE O'DELL BOARD CHAIR 1.00 X X 0 0 0 ROSEMARY O'SHEA MEMBER 1.00 X 0 0 0 BRADLEY PIERCE MEMBER 1.00 X 0 0 0 S KAMRAN QADRI MEMBER 1.00 X 0 0 0 LEE RAMBEAU MEMBER 1.00 X 0 0 0 NORA RODRIGUEZ-PATTERSON MEMBER 1.00 X 0 0 0 TOUFIC SIMAAN MEMBER 1.00 X 0 0 0 TRACEY STOCKWELL MEMBER (NON- 1.00 X 0 0 0 LENNON TATUM MEMBER 1.00 X 0 0 0 SHERRI TORRES MEMBER 1.00 X 0 0 0 BRIAN WEBER MEMBER 1.00 X 0 0 0 CHRIS WHITNEY MEMBER 1.00 X 0 0 0 422708 16663 false true false 316399 3974557 415469 4290956 BUILDING RENTAL INCOME 532000 114116 114116 114116 5505411 5505411 15391508 6751789 15169274 5350206 222234 1401583 1623817 1401583 222234 270695 176490 94205 11628505 1515699 5727645 5466493 5466493 20238 20238 824752 189693 387633 247426 97595 22446 45870 29279 84330 19396 39635 25299 60548 13926 28458 18164 1878 1878 48500 48500 412211 412211 51749 51749 1000 1000 9561 9561 63026 63026 7496 7496 90879 90879 38340 8051 12269 18020 COLLEGE AND COMMUNITY 82192 82192 DONOR RECOGNITION 52327 52327 PROVISION FOR PLEDGE DIS 15102 15102 OTHER OPERATING EXPENSES 11426 11426 7680 7680 7447323 5822435 1234373 390515 1799848 2392438 1402451 709304 73825 80899 6031842 6712527 2603062 7991608 2603062 83151970 84708858 12464216 10958905 68315 70554 112984075 108236547 1332529 1805473 168502 69109 86472 110324 1587503 1984906 X 16321076 18697509 95075496 87554132 111396572 106251641 112984075 108236547 X 4181182 -10147663 821550 X false true X true X 5861756 2810324 2278797 4273893 4290956 19515726 338109 325608 325608 325608 371627 1686560 6199865 3135932 2604405 4599501 4662583 21202286 21202286 3262154 2863223 3267217 8901421 5505411 23799426 45001712 2912520 0.47110 0.53260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91586993 209709 -4420018 1323194 288208 2052799 83702462 88705021 198244 5875558 1158555 577529 1455746 91586993 66035930 333565 25065976 1301593 173922 1254935 88705021 74188090 410935 -5721802 1320265 377835 1143193 66035930 85369394 280351 -8585835 1342524 395869 1137427 74188090 0.00740 0.42690 0.56570 false false 2603062 2603062 2603062 SEI STRUCTURED CORE PROPERTY LP 6422142 F SEI STRUCTURED CREDIT FUND, LP 3488520 F SEI ENERGY DEBT FUND, LP 694461 F SEI GLOBAL PRIVATE ASSETS VI, LP 353782 F 10958905 DONOR LIFE INSURANCE PREMIUMS 93442 LIABILITY TO TRUST BENEFICIARY 16882 110324 X 2065883 -10147663 1012355 -9135308 11201191 427314 427314 11628505 7210814 190803 190803 7020011 427312 427312 7447323 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S PRINCIPLE FUNCTION IS TO RECEIVE, HOLD, INVEST AND ADMINISTER CHARITABLE CONTRIBUTIONS FOR VALENCIA COLLEGE. FUNDS CLASSIFIED AS PERMANENTLY RESTRICTED REPRESENT THE NONEXPENDABLE PORTION OF THE FUNDS THAT ARE INVESTED IN PERPETUITY. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN OTHER-THAN-PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA INCOME TAX CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENTS OF FINANCIAL POSITION. THE FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE FOUNDATION'S OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN VALUE OF FLORIDA PREPAID TUITION SCHOLARSHIPS 796,903 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 24,649 COST OF LAND 14,313 FUNDRAISING EXPENSES 176,490 SCHEDULE D, PAGE 4, PART XI, LINE 4B EXPENSES INCLUDED WITH REVENUE ON AUDITED FINANCIALS 427,313 ROUNDING 1 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES 176,490 COST OF LAND 14,313 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCLUDED WITH REVENUE ON AUDITED FINANCIALS 427,313 ROUNDING -1 RBB GALA 270695 270695 176490 270695 270695 176490 176490 94205 true UNIVERSITY OF NORTH FLORIDA 1 UNF DRIVE JACKSONVILLE FL 32224 592976189 GOV 7500 SCHOLARSHIPS ROLLINS COLLEGE 1000 HOLT AVENUE - 2715 WINTER PARK FL 32789 590624440 501C3 11742 SCHOLARSHIPS UNIVERSITY OF CENTRAL FLORIDA 4000 CENTERAL FLORIDA BLVD ORLANDO FL 32816 592924021 GOV 34421 SCHOLARSHIPS FLORIDA PREPAID COLLEGE FOUNDATION 1801 HERMITAGE BLVD SUITE 210 TALLAHASSEE FL 32399 593012202 501C3 183021 PREPAID SCHOLARSHIPS CENTRAL FLORIDA FOUNDATION 800 N MAGNOLIA AVE 1700 ORLANDO FL 32803 593182886 501C3 281332 SCHOLARSHIPS/SUPPORT VALENCIA COLLEGE PO BOX 3028 ORLANDO FL 32802 591216316 GOV 4891671 SCHOLARSHIPS/SUPPORT 6 SCHOLARSHIPS 7 15681 PROGRAM SUPPORT 2 4557 SCHEDULE I, PAGE 1, PART I, LINE 2 VALENCIA COLLEGE FOUNDATION IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY IN EDUCATION AND EMPLOYMENT. WE VALUE THE RICHNESS OF DIVERSITY IN ITS MANY FORMS AND RESPECT THE DIGNITY OF EACH INDIVIDUAL. WE DO NOT PRACTICE UNLAWFUL DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION, RELIGIOUS CREED, DISABLING CONDITION, AGE OR MARITAL STATUS. OUR FOCUS IS TO SUPPORT VALENCIA COLLEGE'S MISSION, AS WE STRIVE TO UNLOCK ACCESS TO LEARNING FOR STUDENTS OF ALL BACKGROUNDS. WE STEWARD THE RESOURCES ENTRUSTED TO OUR CARE, AND MAKE ENHANCEMENT OF STUDENT LEARNING THE CENTER OF OUR WORK. THE FOUNDATION PROVIDES OPPORTUNITIES TO INDIVIDUALS WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND COLLEGE. WE INVEST WISELY AND CONSERVATIVELY. WE COMMUNICATE OPENLY, FREQUENTLY AND HONESTLY WITH OUR CONSTITUENTS. WE HONOR THE PRIVACY OF OUR DONORS AND FRIENDS. X X X false false false false false false false false false LOREN BENDER FOUNDATION CFO 213200 9601 222801 JAMES R GALBRAITH INTERIM EXEC. DIR. 209508 7062 216570 X FLORIDA PREPAID 1 39852 FMV X ADMIN SUPPLIES 2 1860 FMV X CATERING SERV. 2 3991 FMV X SALARIES 1 369766 FMV false true false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF VALENCIA FOUNDATION IS TO SUPPORT THE ACTIVITIES OF VALENCIA COLLEGE IN ORDER TO ENHANCE LEARNING, WORKFORCE TRAINING AND ECONOMIC DEVELOPMENT IN CENTRAL FLORIDA. VALENCIA FOUNDATION IS HONORED TO HAVE THE SUPPORT OF DEDICATED INDIVIDUAL AND CORPORATE PARTNERS THAT ENABLE THE FOUNDATION TO PROVIDE SCHOLARSHIPS, TEACHING CHAIRS, PROGRAMS AND BUILDINGS FOR VALENCIA COLLEGE. FORM 990, PART V, LINE 4B CAYMAN ISLANDS FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND CFO, AND THEN REVIEWED BY THE AUDIT COMMITTEE WITH THE CPA FIRM. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY DISTRIBUTING THE POLICY FOR REVIEW TO THE BOARD OF DIRECTORS ANNUALLY. EACH MEMBER COMPLETES AN INDIVIDUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THE CEO AND, IF NEEDED, THE EXECUTIVE COMMITTEE. BOARD MEMBERS ARE NOT ELIGIBLE TO PARTICIPATE IN ANY PROPOSAL REQUESTS FOR SERVICES SUCH AS INVESTMENTS, AUDITING, ETC. IF A CONFLICT ARISES, THEN THAT MEMBER NOTES THEIR CONFLICT AND DOES NOT PARTICIPATE IN ANY DISCUSSION AND/OR VOTE. IF NECESSARY, A BOARD MEMBER MAY BE REQUIRED TO RESIGN. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE FOUNDATION'S PRINCIPAL OFFICER IS REVIEWED BY THE EXECUTIVE COMMITTEE WHEN AN INCREASE ABOVE WHAT IS APPROVED BY THE COLLEGE FOR ALL EMPLOYEES IS BEING CONSIDERED. THEN THE COMMITTEE WOULD REVIEW REQUESTED COMPENSATION RECOMMENDATIONS FROM THE BOARD OF DIRECTORS. ADDITIONALLY THEY WOULD CONSIDER THE SALARIES OF COMPARABLE POSITIONS IN THE INDUSTRY TO PROVIDE GUIDANCE ON AN APPROPRIATE COMPENSATION RANGE. THE FINAL COMPENSATION AMOUNT IS APPROVED BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT OF VALENCIA COLLEGE. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF THE FOUNDATION'S PRINCIPAL OFFICER IS REVIEWED BY THE EXECUTIVE COMMITTEE WHEN AN INCREASE ABOVE WHAT IS APPROVED BY THE COLLEGE FOR ALL EMPLOYEES IS BEING CONSIDERED. THEN THE COMMITTEE WOULD REVIEW REQUESTED COMPENSATION RECOMMENDATIONS FROM THE BOARD OF DIRECTORS. ADDITIONALLY THEY WOULD CONSIDER THE SALARIES OF COMPARABLE POSITIONS IN THE INDUSTRY TO PROVIDE GUIDENCE ON AN APPROPIATE COMPENSATION RANGE. THE FINAL COMPENSATION AMOUNT IS APPROVED BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT OF VALENCIA COLLEGE. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF FL PREPAID TUITION 796,903 CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 24,649 ROUNDING -2 TOTAL 821,550 VALENCIA COLLEGE PO BOX 3028 ORLANDO FL 32802 591216316 EDUCATION FL GOVERN N/A false false false false false false false false false false true false false false false true true false false false VALENCIA COLLEGE J 114116 VALENCIA COLLEGE P 697557 VALENCIA COLLEGE O 371627