Civic Intelligence

Broward College Foundation Inc

EIN 23-7181959 • 501(c)3 • Fort Lauderdale, FL

Profile

The mission of the broward college foundation is to transform lives through education by providing community awareness, advocacy and financial support to broward college.

111 East Las Olas Blvd 11th FLFort Lauderdale, FL 33301

www.browardcollegefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.04x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.36x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-0.2%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Revenue Growth

6th percentile

-33%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$138,973,140

Up $7,044,607 (+5.3%) from 2023

Liabilities

Up

$4,882,749

Up $2,916,486 (+148%) from 2023

Net Assets

Up

$134,090,391

Up $4,128,121 (+3.2%) from 2023

Operations
Liabilities / Revenue45th percentileNet Margin65th percentile

Revenue

Down

$13,377,677

Down $11,580,387 (-46%) from 2023

Expenses

Down

$12,018,975

Down $12,665,143 (-51%) from 2023

Net Income

Up

$1,358,702

Up $1,084,756 (+396%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2014: $76,819,907Liabilities 2014: $1,138,138Net Assets 2014: $75,681,7692014Assets 2015: $72,924,002Liabilities 2015: $839,863Net Assets 2015: $72,084,1392015Assets 2016: $74,856,922Liabilities 2016: $753,357Net Assets 2016: $74,103,5652016Assets 2017: $82,041,064Liabilities 2017: $669,673Net Assets 2017: $81,371,3912017Assets 2018: $75,663,900Liabilities 2018: $718,899Net Assets 2018: $74,945,0012018Assets 2019: $87,541,715Liabilities 2019: $432,985Net Assets 2019: $87,108,7302019Assets 2020: $94,582,398Liabilities 2020: $2,166,253Net Assets 2020: $92,416,1452020Assets 2021: $139,692,990Liabilities 2021: $2,023,844Net Assets 2021: $137,669,1462021Assets 2022: $124,383,163Liabilities 2022: $3,765,702Net Assets 2022: $120,617,4612022Assets 2023: $131,928,533Liabilities 2023: $1,966,263Net Assets 2023: $129,962,2702023Assets 2024: $138,973,140Liabilities 2024: $4,882,749Net Assets 2024: $134,090,3912024

Highlighted filing

2024

Assets$138,973,140
Liabilities$4,882,749
Net Assets$134,090,391
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2014: $8,488,068Expenses 2014: $7,066,996Net Income 2014: $1,421,0722014Revenue 2015: $10,117,934Expenses 2015: $7,212,818Net Income 2015: $2,905,1162015Revenue 2016: $6,777,454Expenses 2016: $9,585,716Net Income 2016: -$2,808,2622016Revenue 2017: $6,995,288Expenses 2017: $8,039,168Net Income 2017: -$1,043,8802017Revenue 2018: $10,129,356Expenses 2018: $9,578,815Net Income 2018: $550,5412018Revenue 2019: $15,396,827Expenses 2019: $9,898,758Net Income 2019: $5,498,0692019Revenue 2020: $4,710,688Expenses 2020: $8,538,519Net Income 2020: -$3,827,8312020Revenue 2021: $44,251,714Expenses 2021: $10,178,785Net Income 2021: $34,072,9292021Revenue 2022: $14,539,033Expenses 2022: $10,949,672Net Income 2022: $3,589,3612022Revenue 2023: $24,958,064Expenses 2023: $24,684,118Net Income 2023: $273,9462023Revenue 2024: $13,377,677Expenses 2024: $12,018,975Net Income 2024: $1,358,7022024

Highlighted filing

2024

Revenue$13,377,677
Expenses$12,018,975
Net Income$1,358,702
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$138,973,140
Liabilities
$4,882,749
Net assets
$134,090,391
Revenue
$13,377,677
Expenses
$12,018,975
Net income
$1,358,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$139$4.88$134$13.4$12.0$1.36
2023Detailed filing. Detailed filing data is available for this year.$132$1.97$130$25.0$24.7$0.27
2022Detailed filing. Detailed filing data is available for this year.$124$3.77$121$14.5$10.9$3.59
2021Detailed filing. Detailed filing data is available for this year.$140$2.02$138$44.3$10.2$34.1
2020Detailed filing. Detailed filing data is available for this year.$94.6$2.17$92.4$4.71$8.54$3.83
2019Detailed filing. Detailed filing data is available for this year.$87.5$0.43$87.1$15.4$9.90$5.50
2018Detailed filing. Detailed filing data is available for this year.$75.7$0.72$74.9$10.1$9.58$0.55
2017Detailed filing. Detailed filing data is available for this year.$82.0$0.67$81.4$7.00$8.04$1.04
2016Detailed filing. Detailed filing data is available for this year.$74.9$0.75$74.1$6.78$9.59$2.81
2015Detailed filing. Detailed filing data is available for this year.$72.9$0.84$72.1$10.1$7.21$2.91
2014Detailed filing. Detailed filing data is available for this year.$76.8$1.14$75.7$8.49$7.07$1.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$23,708,194
Mission and Program Overview

Mission

The mission of the broward college foundation is to transform lives through education by providing community awareness, advocacy and financial support to broward college.

The foundation was organized to receive, hold, invest, and make expenditures for educational purposes. Expenditures are primarily for scholarships, program support, endowed teaching chairs and capital facilities for broward college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$129,628,627$135,147,485▲ $5,518,858
Cash and Non-Interest-Bearing Accounts$150,068$1,699,704▲ $1,549,636
Accounts Receivable$963,240$1,372,751▲ $409,511
Savings and Temporary Cash Investments$1,071,188$628,068▼ $443,120
Prepaid Expenses and Deferred Charges$115,410$125,132▲ $9,722
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$131,928,533$138,973,140▲ $7,044,607
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,426,377$2,227,884▲ $801,507
Deferred Revenue$493,106$1,912,794▲ $1,419,688
Other Liabilities$0$692,465▲ $692,465
Grants Payable$46,780$49,606▲ $2,826
Total Liabilities$1,966,263$4,882,749▲ $2,916,486
Net Assets / Fund Balance
Net Assets With Donor Restrictions$84,600,765$85,847,729▲ $1,246,964
Net Assets Without Donor Restrictions$45,361,505$48,242,662▲ $2,881,157
Total Net Assets Fund Balance$129,962,270$134,090,391▲ $4,128,121
Total Liabilities and Net Assets / Fund Balance$131,928,533$138,973,140▲ $7,044,607

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$104,009,221$595,676▲ $9,314,260$4,636,005$109,283,152
2023$96,612,014$488,630▲ $11,560,732$4,652,155$104,009,221
2022$111,329,312$1,053,881▼ $12,347,503$3,423,676$96,612,014
2021$70,728,194$31,019,868▲ $13,725,371$4,144,121$111,329,312
2020$65,333,220$794,932▲ $6,853,156$2,253,114$70,728,194
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Barbara BryanCollege President (thru 03/2024)$95,491$95,491

Board Members and Trustees

NameTitle
Raymond MonteleoneChair - President
Bacardi L JacksonPast Chair
Donald AstrabINTERIM PRES. (THRU 12/2024); BROWARD COLLEGE PRESIDENT (AS OF 12/2024)
Ginger Martin CPAVice Chair
Scott RiviniusACTING VP (THRU 12/2024); EXECUTIVE DIRECTOR (AS OF 12/2024)
Biana MurnaneDirector
Bo MegginsonDirector
Dr Stanley Marks MdDirector
Jessica RodriguezDirector
Larry RiceDirector
Reggie Zachariah JrDirector
Sasha LightbourneDirector
Yolanda PerezDirector
David ZangrilliDirector (as of 12/2024)
Alix AlexisDirector (thru 02/2024)
Capt Barrington a Irving JrDirector (thru 05/2024)
Dionne H E PoliteDirector (thru 08/2024)
George I PlattDirector (thru 12/2024)
Gloria M FernandezDirector (thru 12/2024)
Megan R CottleExecutive Director (thru 04/2024)
Nancy BoteroFormer Executive Director
Reginald R AndreSecretary
Alexander FernandezTreasurer (thru 09/2024)

Highest Paid Contractors

ContractorServicesLocationCompensation
Fund Evaluation GroupInvestment Managers201 EAST FIFTH STREET SUITE 1600, Cincinnati, OH 45202$209,078
Ballard Partners INCConsulting Lobbying Services201 EAST PARL AVE 5TH FL, Tallahassee, FL 32301$156,000
Stinghouse Advertising INCAdvertising & Marketing2222 PONCE DELEON BLVD 3RD FLOOR, Coral Gables, FL 33134$123,634
Revenue and Support

Revenue Composition

Contributions and Grants
$3,949,261
Program Service Revenue
$418,875
Investment Income
$8,901,987
Other Revenue
$107,554
All Other Contributions
$3,786,980
Change in Net Assets
$1,358,702

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$305,530Market value
Total Noncash Contributions1$305,530-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,168,599
Revenue Not Reported on Financial Statements
$209,078
Revenue Not Reported on Form 990
$2,882,087
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$16,050,686
Total Revenue per Form 990
$13,377,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,282,101
Salaries, Compensation, and Employee Benefits$4,572,576
Other Expenses$2,164,298
Total Fundraising Expense$1,123,625
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,282,101--$5,282,101
Other Salaries and Wages$2,877,122$854,565$840,889$4,572,576
Fees for Services Other$489,187$-94,916$170,481$564,752
Fees for Services Lobbying-$256,002-$256,002
Fees for Service Investment Mgmnt Fees$49,633$159,445-$209,078
Fees for Services Accounting-$85,059-$85,059
Other Expenses$72,339$241$6,355$78,935
Conferences and Meetings$50,061-$12,474$62,535
Travel$43,826$1,942$10,908$56,676
Information Technology$47,483--$47,483
Advertising$15,834-$16,578$32,412
Insurance-$23,529-$23,529
Office Expenses$18,029$551$4,935$23,515
Fees for Services Legal-$15,347-$15,347
Total Functional Expenses$9,587,914$1,307,436$1,123,625$12,018,975

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,018,975
Total Expenses per Audited Statements$11,922,565
Expenses per Audited Statements$11,809,897
Expenses Not Reported on Financial Statements$209,078
Expenses Not Reported on Form 990$112,668
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Broward CollegeFort Lauderdale, FLGovernment EntityScholarship Disbursements to Students for Educational Needs and Tuition. Non-financial Assets Are Contributed to Enhance Student Classroom Education.$4,284,106
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$150,290
Fundraising Direct Expenses$42,736
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$199,903$150,290$15,179$135,111
Event 2-$0-$0
Total Events$199,903$150,290$42,736$107,554
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$692,465
Due to Related Party-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 18

“The foundation's form 1023, form 990 & 990-t are available upon request. The form 990 is available on the foundation's website at www.browardcollegefoundation.org and at www.guidestar.org.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. A complete draft of form 990 was provided to the full board prior to filing with the internal revenue service.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Quarterly board governance, finance & investment committee, & board of directors meeting are held. Board members must disclose a potential conflict of interest and then follow the procedures set forth in the foundation's by-laws.”

Form 990, Part VI, Line 19 Required documents available to the public

“The foundation makes its governing documents, conflict of interest policy and audited financials statements available on the foundation's website at www.browardcollegefoundation.org.”

Filing and Contact Details

Filer

Filer Name
Broward College Foundation Inc
EIN
23-7181959
Phone
9542017414
Address
111 EAST LAS OLAS BLVD 11TH FL, FORT LAUDERDALE, FL 33301

Signing Officer

Name
Jim Dechant
Title
Acting VP
Phone
9542017414
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Bdo USA
Address
515 E LAS OLAS BLVD FL 5, FORT LAUDERDALE, FL 33301-4220
Preparer
Jake Cook
Phone
9549897462
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“The organization is a direct support organization of broward college. All employees are employees of broward college and all payroll tax returns are filed with broward college.”

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The intended use of the endowment funds are for the support of the students, programs and faculty at broward college.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The foundation currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded as of december 31, 2024. The foundation has not taken an uncertain tax position that would require provision of a liability under financial accounting standards board ("fasb") accounting standards codification ("asc") 740, income taxes. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The foundation does not believe there are any material uncertain tax positions and, accordingly, it will not recognize the financial statement effects for unrecognized tax positions for the year ended december 31, 2024. The foundation has filed for, and received, income tax exemptions in the jurisdictions where it is required to do so. Additionally, the foundation has filed irs form 990, as required, and all other applicable returns in jurisdictions where it is required. The u.s. Federal jurisdiction is the major tax jurisdictions where the foundation files income tax returns. The foundation is generally no longer subject to u.s. Federal or state examinations by tax authorities for fiscal years before 2021.”

Raw XML AppendixShowing 400 of 867 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER (THRU 09/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2COLLEGE PRESIDENT (THRU 03/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt3INTERIM PRES. (THRU 12/2024); BROWARD COLLEGE PRESIDENT (AS OF 12/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR (THRU 04/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR - PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8ACTING VP (THRU 12/2024); EXECUTIVE DIRECTOR (AS OF 12/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR (THRU 02/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR (AS OF 12/2024)
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IRS990/MissionDesc0THE MISSION OF THE BROWARD COLLEGE FOUNDATION IS TO TRANSFORM LIVES THROUGH EDUCATION BY PROVIDING COMMUNITY AWARENESS, ADVOCACY AND FINANCIAL SUPPORT TO BROWARD COLLEGE.
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