2023-09-06T17:18:59-04:00 2022-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2022-01-01 591818556 PALM BEACH STATE COLLEGE FDN INC PALM 5618683106 812 FERN STREET WEST PALM BEACH FL 33401 DAVID RUTHERFORD CEO 5618683106 2023-08-30 true DAVID RUTHERFORD 999009999 false GRANT D KARTAGENER CPA P01369742 3217572020 2023-09-06 2022 2023-04-26 12:10:37Z X DAVID RUTHERFORD 20548146 false X WWW.PALMBEACHSTATE.EDU/FOUNDATION/ X 1973 FL TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER PHILANTHROPIC GIFTS FOR THE ADVANCEMENT OF PALM BEACH STATE COLLEGE AND ITS OBJECTIVES OF MAINTAINING OPEN ACCESS TO HIGHER EDUCATION AT AFFORDABLE COSTS. 20 18 0 23 0 3324237 4303027 0 3911897 1897745 262374 104532 7498508 6305304 1324417 2343487 0 0 0 71283 1522516 1994978 2846933 4338465 4651575 1966839 61549766 55191409 868587 1961797 60681179 53229612 TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER PHILANTHROPIC GIFTS FOR THE ADVANCEMENT OF PALM BEACH STATE COLLEGE AND ITS OBJECTIVES OF MAINTAINING OPEN ACCESS TO HIGHER EDUCATION AT AFFORDABLE COSTS. false false 2360122 2343487 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. 969703 PROVIDE SUPPORT OF PALM BEACH STATE COLLEGE ACADEMIC PROGRAMS. 3329825 true true false true false false false false false true true false false false true true true true false false false false false false true false false false true true false false false false false false false false false false false false false true false false false true 3 0 0 false false false false false true true false false false false false false X 20 18 false false false false false false false true true false false true true true true true true true true false X X X LAURA ZARATE 5618683076 4200 CONGRESS AVENUE LAKE WORTH FL 33461 AVA L PARKER PRESIDENT 20.00 20.00 X X 0 457913 273806 DAVID RUTHERFORD CEO 20.00 20.00 X 0 189903 97084 DEBBIE BERES FACULTY REP 1.00 0.00 X 0 73962 17455 PATRICE BISHOP DBOT REP 1.00 0.00 X 0 0 0 YVONNE BOICE DIRECTOR 1.00 0.00 X 0 0 0 VICKI CHOURIS DIRECTOR 1.00 0.00 X 0 0 0 HERMINE DREZNER DIRECTOR 1.00 0.00 X 0 0 0 GEORGE ELMORE DIRECTOR 1.00 0.00 X 0 0 0 BRENT FYKES DIRECTOR 1.00 0.00 X 0 0 0 PIA GIANNONE DIRECTOR 1.00 0.00 X 0 0 0 NOEL GUILLAMA VICE CHAIR 1.00 0.00 X X 0 0 0 ELIZABETH HAMMA DIRECTOR 1.00 0.00 X 0 0 0 LANCE IVEY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM C GREENMAN JR TREASURER 1.00 0.00 X X 0 0 0 JULIE KIME DIRECTOR 1.00 0.00 X 0 0 0 ROBERT W KOO DIRECTOR 1.00 0.00 X 0 0 0 TRISH LOWRY SECRETARY 1.00 0.00 X X 0 0 0 MELISSA FRIEDMAN-LEVINE MD DBOT REPRESE 1.00 0.00 X 0 0 0 ELLICE MARTINEZ DIRECTOR 1.00 0.00 X 0 0 0 RICKY WADE CHAIR 1.00 0.00 X X 0 0 0 WHITNEY CUNNINGHAM WALKER DIRECTOR 1.00 0.00 X 0 0 0 721778 388345 false true false 200304 4102723 20764 4303027 1144360 1144360 14867728 14114343 753385 753385 753385 134820 128499 6321 CHANGE IN VALUE OF SPLIT INTE 98086 98086 MISC. REVENUE 125 125 98211 6305304 851596 1144360 2343487 2343487 10400 10400 30500 30500 208401 133471 74930 423354 423354 188910 2750 186160 22899 1363 21536 78291 78291 21180 11563 9617 6255 6255 PAYMENTS TO PALM BEACH ST 263206 263206 OTHER PROFESSIONAL SERVIC 123417 123417 COMMUNITY RELATIONS 113764 99130 14634 FUNDRAISING EXPENSE - SPO 71375 71375 433026 351438 81680 -92 4338465 3329825 937357 71283 4383224 5884715 6485024 3976815 255419 195710 31770 31770 50375384 45069559 50715 64610 61549766 55191409 219283 1475003 649304 486794 868587 1961797 X 14998376 11556739 45682803 41672873 60681179 53229612 61549766 55191409 X 1966839 -9418406 X false true X true false X 1961551 4538864 11219759 2999650 4303027 25022851 799397 868056 731839 668978 881145 3949415 2760948 5406920 11951598 3668628 5184172 28972266 28972266 850821 848582 801725 1084655 1144360 4730143 549 4948 1466 220698 98211 325872 34028281 1159051 0.85140 0.85320 X PART II, LINE 10 CUMULATIVE OTHER INCOME 325,872 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64000 64000 4274565 4338565 366928 91732 323990 331715 292347 366928 1314980 1972470 90090 60000 25180 64000 239270 80998 82929 73087 91732 328746 493119 36809506 1730200 -4809850 886828 522484 32320543 33257781 453062 4712573 462358 1151552 36809506 29853995 1027373 3520024 670173 473438 33257781 26193135 345446 4732835 892629 524792 29853995 28648085 356501 -3871029 952466 473991 26193135 0.71460 0.28540 false false 31770 31770 ANNUITIES PAYABLE 486794 486794 X -2103458 -9418406 901909 107735 -8408762 6305304 6305304 5348109 901909 107735 1009644 4338465 4338465 SCHEDULE D, PAGE 3, PART X THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740 (FASB ASC 740), INCOME TAXES. FASB ASC 740 REQUIRES A TWO-STEP APPROACH TO EVALUATE TAX POSITIONS AND DETERMINE IF THEY SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TWO-STEP APPROACH INVOLVES RECOGNIZING ANY TAX POSITIONS THAT ARE "MORE LIKELY THAN NOT" TO OCCUR AND THEN MEASURING THOSE POSITIONS TO DETERMINE IF THEY ARE RECOGNIZABLE IN THE FINANCIAL STATEMENTS. MANAGEMENT REGULARLY REVIEWS AND ANALYZES ALL TAX POSITIONS AND HAS DETERMINED THAT NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION HAVE OCCURRED. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2019. THE FOUNDATION IS CURRENTLY EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EXPENSES 128,499 DONATED SERVICES ADJUSTMENT -20,764 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES 128,499 DONATED SERVICES ADJUSTMENT -20,764 GOLF TOURNAMENT 134820 134820 27807 32000 65823 2869 134820 134820 27807 32000 65823 2869 128499 6321 false SCHOLARSHIPS 2343487 SCHEDULE I, PAGE 4, PART IV SCHOLARSHIPS PROVIDED TO PALM BEACH STATE COLLEGE STUDENTS. STUDENTS APPLY FOR FOUNDATION SCHOLARSHIPS THROUGH AN ONLINE APPLICATION. CRITERIA FOR EACH SCHOLARSHIP ARE DEFINED BY THE DONOR AND IS ENTERED INTO A COMPUTER SOFTWARE MODEL TO ENSURE ACCURACY IN MEETING DONOR REQUIREMENTS. APPLICATIONS ARE SEGREGATED INTO CANDIDATE POOLS BASED ON THE CRITERIA. SELECTION COMMITTEES CONSISTING OF PROGRAM FACULTY, FINANCIAL AID STAFF, AND PBSC FOUNDATION PERSONNEL MAKE THE FINAL DECISIONS. AWARDS ARE CREDITED TO STUDENTS' ACCOUNTS AT THE COLLEGE FOR OFFSET AGAINST TUITION AND FEES. NO DIRECT PAYMENTS ARE MADE TO STUDENTS. false false false false false false false false false AVA L PARKER PRESIDENT 349990 12923 95000 244369 29437 731719 DAVID RUTHERFORD CEO 189903 76440 20644 286987 SCHEDULE J, PART III PALM BEACH STATE COLLEGE FOUNDATION, INC. RELIED ON THE RELATED ORGANIZATION'S, PALM BEACH STATE COLLEGE, METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE INFORMATION RETURN IS PROVIDED ELECTRONICALLY TO THE BOARD FOR REVIEW PRIOR TO FILING. WRITTEN COPIES ARE PROVIDED UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION ANNUALLY SENDS A COPY OF THE CONFLICT OF INTEREST TO ITS BOARD MEMBERS. ALL MEMBERS ARE TO REVIEW, DETAIL ANY POTENTIAL CONFLICTS, AND SIGN-OFF ON THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A PAID IN ACCORDANCE WITH PALM BEACH STATE COLLEGE SALARY SCHEDULE. FORM 990, PAGE 6, PART VI, LINE 15B PAID IN ACCORDANCE WITH PALM BEACH STATE COLLEGE SALARY SCHEDULE. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 IS TO BE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND IN WRITING UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON VARIOUS PUBLIC WEBSITES. FORM 990, PART XI, LINE 9 FUNDRAISING EXPENSES 128,499 DONATED SERVICES ADJUSTMENT -20,764 FUNDRAISING EXPENSES -128,499 DONATED SERVICES ADJUSTMENT 20,764 PALM BEACH STATE COLLEGE 4200 CONGRESS AVENUE LAKE WORTH FL 33461 591216000 EDUCATION FL 501C3 2 N/A false false false false false false false false false false false false true false true true false false false false PALM BEACH STATE COLLEGE N 293635 PALM BEACH STATE COLLEGE O 587510 PALM BEACH STATE COLLEGE L 134820 SCHEDULE R THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER PHILANTHROPIC GIFTS FOR THE ADVANCEMENT OF PALM BEACH STATE COLLEGE AND ITS OBJECTIVES.