Florida State University Foundation Inc
72% goes to programs $11 to raise $100 Strong reserves
Florida State University Foundation Inc is a 501(c)(3) organization based in Tallahassee, Florida, registered in 1963, with $109,073,173 in FY2023 revenue. CharityIndex grades it B+, and it directs about 72% of spending to programs.
325 W College Ave, Tallahassee, FL, 32301 EIN 59-6152180 Since 1963
Revenue (FY2023)
$109.1M
▲ 13.6% vs prior year
Education median: $200K
Expenses (FY2023)
$103.1M
Net assets
$1.0B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating72% to programs · $11 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 State University Foundation Inc: 72% to programs · $11 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating121 mo reserves · +5% 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 State University Foundation Inc: 121 mo reserves · +5% margin earns a B+ 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 State University Foundation Inc: 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 State University Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The florida state university foundation enhances the academic mission and vision of florida state university through its organized fundraising activities and funds management. the fsu foundation accomplishes its mission by fostering relationships with alumni and friends, advocating charitable giving and raising funds on behalf of fsu, soliciting contributions for academic purposes as part of fsu's overall advancement effort, investing and expending funds to meet current and future needs of fsu, and strengthening relationships with donors to fsu.
Contact & location
- Address
- 325 W College Ave, Tallahassee, FL, 32301
- City
- Tallahassee
- State
- Florida
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $64.1M (FY2013) to $109.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $24.1MNet assets $1.0B
Operating margin
5.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$24.1M
Net assets
$1.0B
Salaries & benefits
$5.6M
5% of expenses
Board members
44
40 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $109,073,173▲13.6% | $103,086,035▲35.3% | $1,040,830,160▲6.9% | $1,064,931,255▲6.9% | 990 |
| 2022 | $96,038,685▼24.9% | $76,186,009▼2.3% | $973,397,191▲5.9% | $996,438,473▲5.9% | 990 |
| 2021 | $127,907,940▲31.7% | $78,001,557▲12.6% | $919,148,794▼1.2% | $940,918,551▼1.7% | 990 |
| 2020 | $97,116,906▲69.3% | $69,286,321▲1.4% | $930,230,735▲34.0% | $957,483,714▲31.1% | 990 |
| 2019 | $57,370,131▼30.0% | $68,306,331▼5.3% | $694,040,792▼2.4% | $730,089,060▼2.7% | 990 |
| 2018 | $81,910,284▲29.5% | $72,102,289▲21.9% | $711,357,480▼0.4% | $750,191,436▲1.0% | 990 |
| 2017 | $63,251,375▲41.4% | $59,126,501▲0.9% | $714,533,606▲5.2% | $742,879,174▲5.0% | 990 |
| 2016 | $44,722,878▼64.7% | $58,592,101▼3.4% | $679,076,165▲7.5% | $707,414,353▲8.4% | 990 |
| 2015 | $126,680,178▲76.0% | $60,657,898▼9.4% | $631,947,792▲7.2% | $652,862,288▲7.6% | 990 |
| 2014 | $71,982,615▲12.2% | $66,964,815▲8.8% | $589,466,590▼2.0% | $606,729,813▼1.4% | 990 |
| 2013 | $64,148,584 | $61,526,652▲0.8% | $601,212,195▲11.4% | $615,569,510▲11.7% | 990 |
| 2012 | — | $61,053,084▲14.7% | $539,521,374▲11.1% | $550,932,086▲10.6% | 990 |
| 2011 | — | $53,246,430▼2.6% | $485,608,925▼1.4% | $498,250,336▼1.3% | 990 |
| 2010 | — | $54,692,300▲8.2% | $492,536,731▲14.4% | $504,811,417▲12.8% | 990 |
| 2009 | — | $50,562,318 | $430,545,321 | $447,345,645 | 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 (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Agnes F Stoops | Trustee | 1 | — |
| Andrea K Friall | Trustee | 1 | — |
| Ashbel C Williams | Trustee | 1 | — |
| Brian K Williams | Trustee/ex Officio Voting, Ubot Designee | 1 | — |
| Bridgett Y Birmingham | Trustee/ex Officio Voting, Faculty Senate President | 1 | — |
| Bruce W Mcneilage | Trustee | 1 | — |
| Caroline C Poole | Assistant Vp of Adv., Strategic Initiatives/assistant Secretary | 40 | — |
| Catherine M Johnson | Trustee | 1 | — |
| Charles R Cottrell | Trustee | 1 | — |
| Christopher E Iansiti | Trustee/chair | 1 | — |
| Craig T Lynch Partial Year | Trustee/chair-elect | 1 | — |
| David James Vanlone | Sr. Director of Development, College of Business | 40 | — |
| Diahann W Lassus | Trustee | 1 | — |
| Eric Muoz | Trustee | 1 | — |
| Frank A Hall | Trustee/treasurer | 1 | — |
| Fred M Tresca | Trustee | 1 | — |
| Henri W Crockett | Trustee | 1 | — |
| Inez E Cohen | Trustee | 1 | — |
| James A Mcneill | Sr. Director of Development, College of Medicine | 40 | — |
| James L Lee | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates | Investment Consulting | $1,599,444 |
| Freeman Philanthropic Services | Employee Recruiting | $356,399 |
| Plus Delta Partners | Employee Training | $286,885 |
| Grenzebach Glier & Associates | Campaign Consulting | $221,373 |
| Rsm Us LLP | Accounting Services | $182,722 |
Grants received · $38.0M total
221 grants to Florida State University Foundation Inc totaling $38.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $55.4M in FY2023
4 grants totaling $55.4M in FY2023. All grants made by Florida State University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida State University | Support scholarships and university programs | $54,355,454 |
| Florida State University Alumni Association | Support for the alumni association | $750,500 |
| Florida State University Research Foundation Inc | Support for the research foundation | $175,000 |
| Fsu Real Estate Foundation | Support for the real estate foundation | $100,000 |
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Frequently asked questions
- Is Florida State University Foundation Inc a legitimate nonprofit?
- Yes. Florida State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-6152180, based in Tallahassee, Florida. Donations are tax-deductible.
- What is Florida State University Foundation Inc's EIN?
- Florida State University Foundation Inc's Employer Identification Number (EIN) is 59-6152180.
- How much revenue does Florida State University Foundation Inc report?
- Florida State University Foundation Inc reported $109,073,173 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Florida State University Foundation Inc's spending goes to programs?
- Florida State University Foundation Inc spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida State University Foundation Inc have?
- CharityIndex grades Florida State University Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Florida State University Foundation Inc's highest-paid employee make?
- The highest reported compensation on Florida State University Foundation Inc's latest Form 990 is $0, paid to Agnes F Stoops (Trustee).
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Data for Florida State University Foundation Inc (EIN 59-6152180) 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.