Florida Southern College
87% goes to programs $7 to raise $100 Strong reserves Growing revenue
Florida Southern College is a 501(c)(3) organization based in Lakeland, Florida, registered in 1941, with $188,232,134 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
111 Lake Hollingsworth Dr, Lakeland, FL, 33801 EIN 59-0624401 Since 1941
Revenue (FY2024)
$188.2M
▼ 3.8% vs prior year
Education median: $200K
Expenses (FY2024)
$176.3M
Net assets
$311.6M
Employees
1,694
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Florida Southern College: 87% to programs · $7 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florida Southern College: 21 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Florida Southern College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florida Southern College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Private united methodist affiliated college that is committed to educational excellence.
Contact & location
- Address
- 111 Lake Hollingsworth Dr, Lakeland, FL, 33801
- City
- Lakeland
- State
- Florida
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $96.0M (FY2013) to $188.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $47.7MNet assets $311.6M
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$359.3M
Total liabilities
$47.7M
Net assets
$311.6M
Salaries & benefits
$53.5M
30% of expenses
Board members
34
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $188,232,134▼3.8% | $176,289,193▲5.3% | $311,628,212▲5.5% | $359,297,958▲4.4% | 990 |
| 2023 | $195,738,425▲18.8% | $167,372,495▲1.9% | $295,382,229▲14.5% | $344,271,848▲11.6% | 990 |
| 2022 | $164,767,465▲3.9% | $164,207,263▲6.9% | $257,970,388▼0.3% | $308,595,580▼1.4% | 990 |
| 2021 | $158,647,650▲10.3% | $153,608,007▲13.9% | $258,677,622▲16.6% | $312,839,193▲12.9% | 990 |
| 2019 | $143,874,205▲6.0% | $134,862,147▼0.4% | $221,869,189▲4.2% | $276,996,972▲4.7% | 990 |
| 2018 | $135,701,989▼2.5% | $135,419,033▲9.6% | $212,974,655▼0.8% | $264,539,025▼0.6% | 990 |
| 2017 | $139,160,048▲15.3% | $123,573,558▲7.0% | $214,593,186▲10.0% | $266,107,601▲6.8% | 990 |
| 2016 | $120,743,122▲6.6% | $115,528,928▲11.3% | $195,110,981▲5.6% | $249,117,102▲4.1% | 990 |
| 2015 | $113,290,825▲9.5% | $103,808,295▲9.4% | $184,765,404▲3.4% | $239,264,453▲2.3% | 990 |
| 2014 | $103,498,840▲7.8% | $94,927,201▲5.6% | $178,744,996▲5.7% | $233,900,296▲3.6% | 990 |
| 2013 | $95,986,845 | $89,911,658▲9.8% | $169,085,170▲7.1% | $225,763,622▲5.3% | 990 |
| 2012 | — | $81,854,318▲8.0% | $157,835,928▲12.7% | $214,334,243▲18.7% | 990 |
| 2011 | — | $75,810,378▲4.0% | $140,051,124 | $180,563,797▲0.9% | 990 |
| 2010 | — | $72,866,181▲10.2% | $140,032,944▲18.8% | $178,900,601▲15.6% | 990 |
| 2009 | — | $66,093,602 | $117,910,595 | $154,803,734 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Anne B Kerr — $488,490 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anne B Kerr | President (thru 07/2024) | 40 | $488,490 |
| V Terry Dennis | Vp of Finance and Administ | 40 | $355,768 |
| Laly Joseph | Dean of Nursing | 40 | $295,000 |
| John P Grundig | Vp of Enrollment Managemen | 40 | $292,552 |
| Warren Waite Willis | Professor | 40 | $281,840 |
| J Michael Weber | Dean of Business | 40 | $253,380 |
| Grisselle Centeno | Professor | 40 | $243,175 |
| Krista Lewellyn | Mba Program Director | 40 | $240,573 |
| Tracey D Tedder | Provost | 40 | $227,500 |
| Heather Pharris | Vp of Development | 40 | $223,444 |
| Jeremy P Martin | President (as of 08/2024) | 40 | $181,046 |
| Lauren Albaum | Vp of Student Life | 40 | $120,159 |
| Alfonso Garcia III | Trustee | 1 | — |
| Ann H Hansen | Trustee | 1 | — |
| Ashley G Barnett | Trustee | 1 | — |
| Bernard L Little Jr | Trustee (thru 5/31/2025) | 1 | — |
| Bishop Robert E Fannin | Trustee | 1 | — |
| Caroline H Schichtel | Trustee | 1 | — |
| Courtney B Makris | Trustee | 1 | — |
| David E Rogers | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Rodda Construction Inc | Construction Serivces | $12,406,536 |
| Guest Services Inc | Cafeteria Management | $7,939,196 |
| Q&q Inc | Contractor | $1,372,919 |
| Register Construction & Engineering Inc | Construction Serivces | $1,103,101 |
| Trilogy Leasing Co LLC | Contractor | $901,084 |
Grants received · $14.0M total
89 grants to Florida Southern College totaling $14.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Givewell Community Foundation Inc | Arts & culture | 2024 | $6,935,082 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $353,333 |
| Lettie Pate Whitehead Foundation Inc | For general and nursing scholarships. | 2024 | $312,000 |
| Donors Trust Inc | For the kerr chair in leadership | 2024 | $300,000 |
| Donors Trust Inc | For the polk museum of art | 2024 | $175,000 |
| Donors Trust Inc | For the dr. anne b. kerr endowed chair in leadership in the barney barnett school of | 2024 | $40,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,818 |
| American Online Giving Foundation Inc | General support | 2024 | $10,280 |
| Donors Trust Inc | For the barnett museum of art | 2024 | $7,025 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $900,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $770,150 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $333,333 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $312,000 |
| Winter Haven Hospital Inc | Line fund grant-baycare fellow program | 2023 | $90,000 |
| Impactassets Inc | General support | 2023 | $60,000 |
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Compare Florida Southern College
Frequently asked questions
- Is Florida Southern College a legitimate nonprofit?
- Yes. Florida Southern College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0624401, based in Lakeland, Florida. Donations are tax-deductible.
- What is Florida Southern College's EIN?
- Florida Southern College's Employer Identification Number (EIN) is 59-0624401.
- How much revenue does Florida Southern College report?
- Florida Southern College reported $188,232,134 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Florida Southern College's spending goes to programs?
- Florida Southern College spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida Southern College have?
- CharityIndex grades Florida Southern College A, based on program efficiency and fundraising cost.
- How much does Florida Southern College's highest-paid employee make?
- The highest reported compensation on Florida Southern College's latest Form 990 is $488,490, paid to Anne B Kerr (President (thru 07/2024)).
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Data for Florida Southern College (EIN 59-0624401) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.