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Financials FOR

FISCAL YEAR JULY 1, 2012 – JUNE 30, 2013

Scholarships Awarded by Florida State College Foundation

Statement of Activities SUPPORT AND REVENUE 2013 2012 Contributions ............................................................................$1,085,533 ........ $1,492,493 In-Kind Support from Florida State College at Jacksonville ............... $1,020,169 ........$1,720,242 In-Kind Support from Third Parties ...................................................$28,917 ........... $134,468 Grants......................................................................................... $90,269 ............ $59,224 Performing Arts Productions ........................................................ $4,414,298 ........$9,596,852 Conferences and Other Activities ................................................... $198,852 .......... $171,272 Contributions to Permanent Endowment......................................... $198,573 .......... $548,964 Interest and Dividends ................................................................. $533,740 .......... $531,655 Net unrealized and realized gains (losses) on Investments ..............$3,646,751........($942,255) Total Support and Revenue ..........................................................$11,217,102....... $13,312,915 EXPENSES 2013 2012 Operating Expenses Program Services: Scholarships .......................................... $1,471,630 ........ $1,283,184 Education Programs ................................... $615,098 .......... $697,775 Performing Arts Productions .......................$4,885,728........$9,384,543 Total Program Expenses ..............................................................$6,972,456 .......$11,365,502 Supporting Services: Salaries and Benefits ................................. $614,584 .......... $627,294 Management and General ............................$261,466 .......... $463,103 Total Supporting Services Expenses ............................................... $876,050 .........$1,090,397 Total Operating Expenses .......................................................... $7,848,506 .......$12,455,899 Change in Net Assets ..................................................................$3,368,596..........$857,016 NET ASSETS, beginning of year ...................................................$38,716,521 ...... $37,859,505 NET ASSETS, end of year............................................................ $42,085,117 ......$38,716,521

Statement of Financial Position

Market Value of Investments

ASSETS 2013 2012 Cash and Cash Equivalents ..........................................................$4,064,795........$5,462,730 Accounts Receivable...........................................................................$0 ................ $70,942 Prepaid Expenses ......................................................................... $56,521 .................$0 Investments..............................................................................$38,020,694 ......$33,255,722 Cash Surrender Value of Life Insurance............................................. $8,355 ............. $12,667 Total Assets .............................................................................. $42,150,365 ......$38,802,061 LIABILITES AND NET ASSETS Liabilities Due to Florida State College at Jacksonville ..................................... $65,248 ............ $85,540 Total Liabilities ............................................................................. $65,248 ............ $85,540 NET ASSETS Unrestricted ............................................................................... $1,223,975 ........$2,226,308 Restricted: Restricted by Donors – expendable ....................... $7,514,192 ........ $7,443,479 Permanent Endowments – nonexpendable ...........$33,346,950......$29,046,734 Total Net Assets ........................................................................ $42,085,117 ......$38,716,521 Total Liabilities and Net Assets .................................................... $42,150,365 ......$38,802,061

Annual Report 2012-2013  
Annual Report 2012-2013  

Florida State College Foundation Annual Report

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