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St Petersburg College Foundation Inc

EIN 59-1954362 · St Petersburg, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION IS COMMITTED TO ADVANCING THE MISSION AND VISION OF ST. PETERSBURG COLLEGE BY ALIGNING ITS EFFORTS WITH THE COLLEGE'S THREE-YEAR STRATEGIC PLAN: "BETTER JOBS, BETTER LIVES,(CONTINUED ON SCHEDULE O)

Income
$18.4 million
Spending
$7.0 million
Spent on programs
81%
Reserves
8 months of spending
Largest source of income
investment income, 57%
Employees
0
Volunteers
17
Highest pay
$456,762, college pres

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 88% of charities in its peer group (education, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 62% of income.

  • Income trend

    15 of 15

    Income rose 110% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 50% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $2.7 million spent. THE FOUNDATION HAS OVER 287 NAMED SCHOLARSHIP FUNDS THAT PROVIDE FINANCIAL ASSISTANCE TO ST. PETERSBURG COLLEGE 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. WITHOUT THE HELP OF FINANCIAL ASSISTANCE, MANY OF OUR STUDENTS WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO ATTEND COLLEGE. (CONTINUED ON SCHEDULE O)
  2. $2.1 million spent. 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. 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. THE FOUNDATION SUPPORTED VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS IN THE AMOUNT OF APPROXIMATELY 2.2 MILLION DURING 2024-2025.
  3. $835,555 spent. PROVIDE MANAGEMENT OF INVESTMENT ASSETS OF THE FOUNDATION.
  4. LINE 1 - MISSION CONTINUED: BETTER COMMUNITIES". THROUGH TARGETED FUNDRAISING, RESOURCE DEVELOPMENT, AND COMMUNITY ENGAGEMENT, THE FOUNDATION SUPPORTS INITIATIVES THAT ENHANCE STUDENT SUCCESS, WORKFORCE READINESS, AND COMMUNITY IMPACT. BY INVESTING IN SCHOLARSHIPS, ACADEMIC PROGRAMS, AND INNOVATIVE PARTNERSHIPS, THE FOUNDATION PLAYS A VITAL ROLE IN HELPING THE COLLEGE CREATE PATHWAYS TO MEANINGFUL EMPLOYMENT, IMPROVE QUALITY OF LIFE AND STRENGTHEN THE ECONOMIC AND SOCIAL FABRIC OF THE COMMUNITIES IT SERVES. LINE 4A - FIRST PROGRAM ACCOMPLISHMENT CONTINUED: DURING 2024-2025, THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO MORE THAN 4,250 STUDENTS. THE AVERAGE SCHOLARSHIP AWARD WAS APPROXIMATELY 633. THE TOTAL AMOUNT OF SCHOLARSHIPS AWARDED WAS APPROXIMATELY 2.7 MILLION.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending March 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1980.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.