2023-10-03T11:26:57-05:00 2023-03-31 721396621 CARR RIGGS & INGRAM LLC 2633 CENTENNIAL BLVD STE 200 TALLAHASSEE FL 32308 990 2022-04-01 596179948 NORTH FLORIDA COLLEGE FOUNDATION INC NORT 8509739416 325 NW TURNER DAVIS DRIVE MADISON FL 32340 TRACI S MCCLUNG DIRECTOR 8509739416 2023-09-25 1 TRACI MCCLUNG 999009999 0 MICHAEL C CARTER P00292302 8508788777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TRACI S MCCLUNG 325 NW TURNER DAVIS DRIVE MADISON FL 32340 363161 0 X NFC.EDU X 1996 FL THE MISSION OF THE NORTH FLORIDA COLLEGE FOUNDATION IS TO IDENTIFY, ACQUIRE AND MANAGE ASSETS WITH THE UTMOST SINCERITY, HONESTY, INTEGRITY, COMPETENCE, AND TRANSPARENCY AND TO NURTURE AND ASSIST STUDENTS IN REACHING THEIR GLOBAL, EDUCATIONAL GOALS. 16 15 0 0 0 0 219770 223657 0 0 113373 139338 31096 6 364239 363001 620115 342819 0 0 0 0 0 0 0 60896 49701 681011 392520 -316772 -29519 5743122 5328240 71603 52375 5671519 5275865 THE MISSION OF THE NORTH FLORIDA COLLEGE FOUNDATION IS TO IDENTIFY, ACQUIRE AND MANAGE ASSETS WITH THE UTMOST SINCERITY, HONESTY, INTEGRITY, COMPETENCE, AND TRANSPARENCY AND TO NURTURE AND ASSIST STUDENTS IN REACHING THEIR GLOBAL, EDUCATIONAL GOALS. 0 0 342819 342819 THE FOUNDATION PROVIDED SCHOLARSHIPS AND ASSISTANCE TO STUDENTS DURING THE FISCAL YEAR. 342819 1 1 0 1 0 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X TRACI MCCLUNG 8509739416 325 NW TURNER DAVIS DRIVE MADISON FL 32340 ELESTA PRITCHETT DIRECTOR 1.00 X 0 0 0 ELOUISE GREEN DIRECTOR 1.00 X 0 0 0 HAL D THOMAS CHAIRMAN 1.00 X X 0 0 0 JANEGALE BOYD DIRECTOR 1.00 X 0 0 0 JIM WITT DIRECTOR 1.00 X 0 0 0 CHERYL MCCALL DIRECTOR 1.00 X 0 0 0 LUCILE DAY DIRECTOR 1.00 X 0 0 0 MARK WIGGINS DIRECTOR 1.00 X 0 0 0 MICAH RODGERS DIRECTOR 1.00 X 0 0 0 MYRA BROCK DIRECTOR 1.00 X 0 0 0 RHETT BULLARD DIRECTOR 1.00 X 0 0 0 RICKY LYONS DIRECTOR 1.00 X 0 0 0 SCOTT MIXON DIRECTOR 1.00 X 0 0 0 JOHN GROSSKOPF PRESIDENT 1.00 X 0 0 0 TRACI MCCLUNG EXECUTIVE DIRECTOR 1.00 40.00 X 0 35927 0 JULIUS HACKETT VICE CHAIR 1.00 X 0 0 0 0 35927 0 0 0 0 0 0 223657 223657 139338 139338 150 160 -10 -10 OTHER INCOME 900099 16 16 16 363001 139354 0 -10 342819 342819 20351 20351 18000 18000 1500 1500 6534 6534 785 785 MISCELLANEOUS EXPENSE 1803 1803 FOOD 728 728 392520 342819 49701 0 240140 251008 25000 9262 11755 5256798 4866025 236922 174452 5743122 5328240 71603 52375 71603 52375 X 651516 676501 5020003 4599364 5671519 5275865 5743122 5328240 -29519 -416135 123777 -73777 0 X X 0 1 X 1 0 X 163572 254290 122908 219770 223657 984197 98287 73474 109295 109295 123777 514128 261859 327764 232203 329065 347434 1498325 1498325 268779 84316 88262 113373 139338 694068 31096 16 31112 2223505 0.67390 0.64000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 18000 18000 0 PART II-B, LINE 1: THE FOUNDATION'S PRIMARY FUNCTION IS TO SUPPORT THE COLLEGE. BECAUSE WE SERVE A RURAL, HIGH POVERTY AREA, OUR BEST OPPORTUNITY FOR RESOURCES TO IMPROVE THE PHYSICAL PLANT AND INCREASE INVESTMENT IN PROGRAMS IS THROUGH STATE APPROPRIATIONS. THE FOUNDATION'S LOBBYIST GREATLY INCREASED THESE CHANCES FOR THE COLLEGE. 1 25 100 184058 100 184058 1 1 4257317 39082 -235947 187197 3873255 4069519 141756 192231 146189 4257317 3002113 500 1201514 134608 4069519 3232236 40000 -169263 100860 3002113 3905364 172975 208312 202110 20614 12420 4051507 1.00000 0 0 0 STOCKS AND ETFS 2746628 C CORPORATE BONDS 657835 C GOVERNMENT BONDS 329864 C GOVERNMENT BACKED/CMO SECURITIES 275661 C TAXABLE MUNICIPAL BONDS 269219 C CERTIFICATES OF DEPOSIT 378885 C REAL ESTATE PARTNERSHIP 91565 C OPEN END MUTUAL FUNDS 116368 C 4866025 SCHOLARSHIPS PAYABLE 52375 52375 X 70803 -416135 123777 160 -292198 363001 0 363001 516457 123777 160 123937 392520 0 392520 PART X, LINE 2: THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF MARCH 31, 2023, THE FOUNDATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 160. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 160. 0 STUDENT SCHOLARSHIPS 320 342819 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A CPA AND IS THEN PRESENTED TO THE EXECUTIVE DIRECTOR (THE BOARD MEMBER DELEGATED WITH THE AUTHORITY TO SIGN THE RETURN). THE EXECUTIVE DIRECTOR REVIEWS THE RETURN FOR ACCURACY THEN SUBMITS IT TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS OR COLLEGE OR FOUNDATION STAFF WHO MAY BE INFLUENCED BY OR BENEFIT FROM, OR HAVE THE APPEARANCE OF BEING INFLUENCED BY OR BENEFITING FROM, A PARTICULAR ISSUE REGARDING PERSONAL, FINANCIAL, BUSINESS OR OTHER CONCERNS, MUST MAKE FULL DISCLOSURE TO THE APPROPRIATE BOARD PRIOR TO THE ISSUE BEING ADDRESSED. EACH NEW BOARD MEMBER AND FOUNDATION OR COLLEGE STAFF MEMBER ASSIGNED TO THE FOUNDATION WILL SIGN A CONFLICT OF INTEREST STATEMENT PRIOR TO BEGINNING SERVICE, AND ANNUALLY THEREAFTER. THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST STATEMENT EACH YEAR. THE ADMINISTRATIVE ASSISTANCE VERIFIES THAT THE STATEMENTS ARE PROVIDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTH FLORIDA COLLEGE 325 NW TURNER DAVIS DRIVE MADISON FL 32340 591214592 COLLEGE FL COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NORTH FLORIDA COLLEGE N 12000 COST NORTH FLORIDA COLLEGE O 111777 COST