ST PETERSBURG COLLEGE FOUNDATION INC
PO BOX 13489, SAINT PETERSBURG, FL 33733 spcollegefoundation.spcollege.edu

Total Revenue
$4,722,116
Total Expenses
$4,799,850
Net Assets
$69,002,218

Organizations Filed Purposes: THE FOUNDATION PROMOTES THE PRACTICE OF PHILANTHROPY THROUGH PARTNERSHIPS WITH THE COMMUNITY FOR THE ADVOCACY OF HIGHER EDUCATION IN GENERAL AND SPECIFICALLY AT ST. PETERSBURG COLLEGE (SPC).

THE FOUNDATION HAS OVER 280 NAMED SCHOLARSHIP FUNDS THAT PROVIDE FINANCIAL ASSISTANCE TO SPC 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 COLLEGE EDUCATION, ACCORDING TO THE US DEPARTMENT OF EDUCATION. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PART III, LINE 4A) WITHOUT THE HELP OF FINANCIAL ASSISTANCE MANY OF OUR STUDENTS WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO ATTEND COLLEGE.IN 2019-2020 THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO MORE THAN 3,071 STUDENTS. THE AVERAGE SCHOLARSHIP AWARD WAS APPROXIMATELY $700. TOTAL AMOUNT OF SCHOLARSHIPS AWARDED WAS APPROXIMATELY $2.2 MILLION.

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 AND THE LEEPA-RATTNER MUSEUM OF ART. THE FOUNDATION ALSO PROVIDED FUNDING FOR THE INSTITUTE FOR STRATEGIC POLICY SOLUTIONS, A DIRECT SUPPORT ORGANIZATION OF THE COLLEGE, FOUNDED IN 2011 TO PROMOTE EDUCATIONAL AND CIVIC ENGAGEMENT BY PROVIDING A FORUM FOR PUBLIC DISCOURSE ON CIVIC MATTERS. 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 SUCCESS. FOUNDATION FUNDING PROVIDED SUPPORT FOR PROGRAMS SUCH AS WOMEN ON THE WAY AND MALE INITIATIVES. AS THE COLLEGE IDENTIFIED A GAP IN ACHIEVEMENT FOR AFRICAN AMERICAN MALE STUDENTS, THE FOUNDATION PROVIDED SIGNIFICANT SUPPORT TO CLOSE THE GAP AND INCREASE THE GRADUATION SUCCESS RATE FOR AFRICAN AMERICAN MALES. ST. PETERSBURG COLLEGE IS EXPERIENCING DECLINES IN SUPPORT FROM THE STATE OF FLORIDA. ACCORDINGLY, PRIVATE SUPPORT IS AN INCREASINGLY IMPORTANT COMPONENT OF REVENUE TO THE VARIOUS CAMPUSES/DEPARTMENTS. THE FOUNDATION ANTICIPATES A HIGHER RATE OF USE OF FOUNDATION HELD FUNDS IN THE FUTURE AS A RESULT OF DECREASED RESOURCES PROVIDED BY THE STATE.THE FOUNDATION SUPPORTED VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS IN THE AMOUNT OF $1.34 MILLION.

PROVIDE MANAGEMENT OF INVESTMENT ASSETS OF THE FOUNDATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Edel QuinnBUSINESS MANAGER/ACCOUNTANT40$0
Theresa McfarlandEXECUTIVE DIRECTOR OF ADVANCEMENT SERVICES.40$0
Jesse TurtleEXECUTIVE DIRECTOR OF FOUNDATION40$0
Richard WarshofDIRECTOR1$0
Nathan StonecipherDIRECTOR1$0
Angela MccourtDIRECTOR1$0
Robert J Fine JrDIRECTOR1$0
Robert L HiltonDIRECTOR1$0
Steven ShepardDIRECTOR1$0
Stephen O ColeDIRECTOR1$0
Shan ShikarpuriDIRECTOR1$0
Beth A HornerDIRECTOR1$0
Richard B WinningDIRECTOR1$0
Joseph G BlantonDIRECTOR1$0
William H MccloudDIRECTOR1$0
Brian MilesTREASURER1$0
R Michael CarrollBOARD CHAIR1$0
Tonjua WilliamsCOLLEGE PRESIDENT1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202012679349300701_public.xml