Civic Intelligence

Southern Scholarship Foundation Inc

EIN 59-0939481 • 501(c)3 • Tallahassee, FL

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Profile

The mission of southern scholarship foundation is to help deserving young people who lack financial resources, but demonstrate excellent academic merit and good character, attend institutions of higher education.

322 Stadium DriveTallahassee, FL 32304-3450

southernscholarship.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.53x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $10M-$25M 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

27th percentile

-1.3%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.2%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$16,788,085

Down $220,508 (-1.3%) from 2023

Liabilities

Up

$1,064,805

Up $59,682 (+5.9%) from 2023

Net Assets

Down

$15,723,280

Down $280,190 (-1.8%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin11th percentile

Revenue

Up

$2,009,196

Up $80,998 (+4.2%) from 2023

Expenses

Up

$2,477,458

Up $271,892 (+12%) from 2023

Net Income

Down

-$468,262

Down $190,894 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $12,609,465Liabilities 2010: $159,465Net Assets 2010: $12,450,0002010Assets 2011: $13,035,749Liabilities 2011: $174,403Net Assets 2011: $12,861,3462011Assets 2012: $13,150,917Liabilities 2012: $154,747Net Assets 2012: $12,996,1702012Assets 2013: $13,365,882Liabilities 2013: $131,414Net Assets 2013: $13,234,4682013Assets 2014: $13,214,104Liabilities 2014: $127,387Net Assets 2014: $13,086,7172014Assets 2015: $13,029,709Liabilities 2015: $142,313Net Assets 2015: $12,887,3962015Assets 2016: $13,021,731Liabilities 2016: $211,893Net Assets 2016: $12,809,8382016Assets 2017: $16,751,301Liabilities 2017: $255,274Net Assets 2017: $16,496,0272017Assets 2018: $16,929,177Liabilities 2018: $441,198Net Assets 2018: $16,487,9792018Assets 2019: $18,517,549Liabilities 2019: $580,145Net Assets 2019: $17,937,4042019Assets 2020: $17,944,501Liabilities 2020: $574,390Net Assets 2020: $17,370,1112020Assets 2021: $18,545,693Liabilities 2021: $509,659Net Assets 2021: $18,036,0342021Assets 2022: $16,159,156Liabilities 2022: $570,689Net Assets 2022: $15,588,4672022Assets 2023: $17,008,593Liabilities 2023: $1,005,123Net Assets 2023: $16,003,4702023Assets 2024: $16,788,085Liabilities 2024: $1,064,805Net Assets 2024: $15,723,2802024

Highlighted filing

2024

Assets$16,788,085
Liabilities$1,064,805
Net Assets$15,723,280
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,250,2042010Revenue 2011: $1,881,936Expenses 2011: $1,373,102Net Income 2011: $508,8342011Revenue 2012: $1,325,920Expenses 2012: $1,448,386Net Income 2012: -$122,4662012Revenue 2013: $1,578,301Expenses 2013: $1,485,820Net Income 2013: $92,4812013Revenue 2014: $1,673,600Expenses 2014: $1,710,343Net Income 2014: -$36,7432014Revenue 2015: $2,044,289Expenses 2015: $1,662,472Net Income 2015: $381,8172015Revenue 2016: $1,835,637Expenses 2016: $1,904,011Net Income 2016: -$68,3742016Revenue 2017: $5,263,723Expenses 2017: $1,950,039Net Income 2017: $3,313,6842017Revenue 2018: $3,073,302Expenses 2018: $1,981,936Net Income 2018: $1,091,3662018Revenue 2019: $2,864,873Expenses 2019: $2,300,370Net Income 2019: $564,5032019Revenue 2020: $1,863,061Expenses 2020: $2,562,989Net Income 2020: -$699,9282020Revenue 2021: $2,304,373Expenses 2021: $2,138,813Net Income 2021: $165,5602021Revenue 2022: $1,607,327Expenses 2022: $2,261,483Net Income 2022: -$654,1562022Revenue 2023: $1,928,198Expenses 2023: $2,205,566Net Income 2023: -$277,3682023Revenue 2024: $2,009,196Expenses 2024: $2,477,458Net Income 2024: -$468,2622024

Highlighted filing

2024

Revenue$2,009,196
Expenses$2,477,458
Net Income-$468,262
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
$16,788,085
Liabilities
$1,064,805
Net assets
$15,723,280
Revenue
$2,009,196
Expenses
$2,477,458
Net income
-$468,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$1.06$15.7$2.01$2.48$0.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$1.01$16.0$1.93$2.21$0.28
2022Detailed filing. Detailed filing data is available for this year.$16.2$0.57$15.6$1.61$2.26$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.51$18.0$2.30$2.14$0.17
2020Detailed filing. Detailed filing data is available for this year.$17.9$0.57$17.4$1.86$2.56$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.58$17.9$2.86$2.30$0.56
2018Detailed filing. Detailed filing data is available for this year.$16.9$0.44$16.5$3.07$1.98$1.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$0.26$16.5$5.26$1.95$3.31
2016Detailed filing. Detailed filing data is available for this year.$13.0$0.21$12.8$1.84$1.90$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$0.14$12.9$2.04$1.66$0.38
2014Detailed filing. Detailed filing data is available for this year.$13.2$0.13$13.1$1.67$1.71$0.04
2013Detailed filing. Detailed filing data is available for this year.$13.4$0.13$13.2$1.58$1.49$0.09
2012Summary only. Only limited summary data is available for this year.$13.2$0.15$13.0$1.33$1.45$0.12
2011Summary only. Only limited summary data is available for this year.$13.0$0.17$12.9$1.88$1.37$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.16$12.5$1.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.2
Gross Receipts
$3,506,811
Mission and Program Overview

Mission

Through rent-free housing and cooperative living, southern scholarship foundation supports students who lack financial resources, demonstrate excellent academic merit, and exemplify good character attend institutions of higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,147,369$8,184,020▲ $36,651
Land, Buildings, and Equipment, Net$7,945,284$7,779,036▼ $166,248
Cash and Non-Interest-Bearing Accounts$508,529$513,996▲ $5,467
Savings and Temporary Cash Investments$242,444$245,508▲ $3,064
Accounts Receivable$62,165$32,207▼ $29,958
Pledges and Grants Receivable$46,838$18,716▼ $28,122
Prepaid Expenses and Deferred Charges$55,964$14,602▼ $41,362
Total Assets$17,008,593$16,788,085▼ $220,508
Liabilities
Mortgage Notes Payable Secured by Investment Property$414,406$507,379▲ $92,973
Other Liabilities$344,254$389,245▲ $44,991
Accounts Payable and Accrued Expenses$246,463$168,181▼ $78,282
Total Liabilities$1,005,123$1,064,805▲ $59,682
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,506,205$8,563,816▲ $57,611
Net Assets Without Donor Restrictions$7,497,265$7,159,464▼ $337,801
Total Net Assets Fund Balance$16,003,470$15,723,280▼ $280,190
Total Liabilities and Net Assets / Fund Balance$17,008,593$16,788,085▼ $220,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,906,333$7,914,113$14,820,446
Equipment$365,114$627,567$992,681
Land$492,296-$492,296
Other Land Buildings$15,293$54,847$70,140

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$8,330,071$185,959▼ $56,616-$8,424,809
2023$8,659,395$182,824▼ $478,265-$8,330,071
2022$10,749,133$108,121▼ $2,197,859-$8,659,395
2021$9,099,624$99,296▲ $1,550,213-$10,749,133
2020$8,957,579$130,361▲ $11,684-$9,099,624
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shawn WoodinPresident/CEOFT$133,721$5,606$139,327

Board Members and Trustees

NameTitle
Jim DavisBoard Chair
Rhoda Glasco FoderinghamImmediate Past Chair
Alix AlexisDirector
Bill OliverDirector
Carter ThomasDirector
Dhyana Ziegler PhdDirector
Franchesca PichardoDirector
Gayla ParksDirector
Jill VarnesDirector
John JenkinsDirector
Kathryn BellDirector
Kelly SleeperDirector
Kiana PetersDirector
Lashondia KendrickDirector
Linda JenkinsDirector
Lynn LevertyDirector
Mary K BedfordDirector
Nicholas AppeloDirector
Pamela PaulkDirector
Ramona BrookinsDirector
Sheila DickisonChiar Elect
Anne ToulouseMember at Large
David AshburnMember at Large
Paula Deboles-johnsonSecretary
Ryan TuckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,328,039
Program Service Revenue
$145,610
Investment Income
$503,514
Other Revenue
$32,033
All Other Contributions
$1,328,039
Change in Net Assets
$-468,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,009,196
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$188,515
Total Revenue per Audited Statements
$2,197,711
Total Revenue per Form 990
$2,009,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,649,837
Salaries, Compensation, and Employee Benefits$827,621
Total Fundraising Expense$354,828
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,254$54,584$131,001$545,839
Depreciation Depletion$517,620--$517,620
Insurance$251,411$27,935-$279,346
Fees for Services Other$44,767$66,083$102,324$213,174
Current Officers, Directors, Trustees, and Key Employees$91,955$13,933$33,438$139,326
Conferences and Meetings$90,434$2,153$15,073$107,660
Other Employee Benefits$49,305$7,471$17,929$74,705
Occupancy$70,262--$70,262
Payroll Taxes$37,610$5,698$13,676$56,984
Office Expenses$31,378$5,757$9,698$46,833
Interest-$36,037-$36,037
Fees for Services Accounting$6,090$8,990$13,920$29,000
Information Technology$7,882$3,625$4,256$15,763
Pension Plan Contributions$7,106$1,077$2,584$10,767
Travel$5,305$126$884$6,315
Other Expenses$5,247$3,175$850$6,097
Advertising$1,501$391$283$2,175
Fees for Services Legal$14$22$34$70
Total Functional Expenses$1,884,006$238,624$354,828$2,477,458

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,477,901
Expenses per Audited Statements$2,477,458
Total Expenses per Form 990$2,477,458
Expenses Not Reported on Form 990$443
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Houses$317,516
Student Deposits$71,729
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
Yes
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, Section A, Line 1A

“The executive committee shall manage the affairs of the foundation between meetings of the board of directors, subject to the bylaws and the policies and direction of the board. The executive committee shall be responsible for the observation of policies and administration of programs approved by the board of directors. The executive committee shall consider, evaluate and analyze issues that have implications for bylaw changes and shall communicate its recommendations regarding bylaw changes to the governance and nominations committee. Decisions to hire or dismiss the president of the foundation shall be made by the executive committee.”

Form 990, Part VI, Section A, Line 2

“John and linda jenkins have a familly relationship.”

Form 990, Part VI, Section B, Line 11B

“The form 990 and the accompanying schedules are prepared by an independent accounting firm. The president reviews the tax return and resolves any differences with the independent accounting firm. The organization distributes to all board members a copy of the form 990 and accompanying schedules. Distribution may be in the form of a hard copy, an electronic copy or a secure link on the website. Once all questions or discrepancies are resolved with the president and independent accounting firm, then the tax return is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Annually, the board of directors is furnished a copy of the conflict of interest policy and required to sign the policy. Any conflicts or potential conflicts are reported to the board and resolved by the board president.”

Form 990, Part VI, Section B, Line 15A

“Compensation of the organization's president is determined by the board of directors based on market conditions and the individual's qualifications and performance. The performance review of the president is conducted annually by the executive committee.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and three most current years of financial statements and form 990s available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southern Scholarship Foundation Inc
EIN
59-0939481
Phone
8502223833
Address
322 STADIUM DRIVE, TALLAHASSEE, FL 32304-3450

Signing Officer

Name
Shawn Woodin
Title
President/CEO
Phone
8502223833
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Woodin
Formed
1957
Legal Domicile
Fl
Voting Board Members
25
Independent Board Members
25
Employees
18
Volunteers
35

Preparer

Firm
James Moore & Co Pl
Address
1983 CENTRE POINTE BLVD SUITE 200, TALLAHASSEE, FL 32308-4386
Preparer
Kevin Warren
Phone
8503866184
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process for oversight of the audit and selection of an independent accountant has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation has received many contributions and bequests for endowments over the years with donorimposed restrictions on the use of principal and/or income generated from the invested assets. Those restricted contributions are invested in cash, equities, and, fixed income securities in a manner that is intended to generate a real return that will adequately fund the spending policies and ultimately satisfy the intent of the donors of the endowed funds. Generally, the original corpus of the endowed funds are restricted in perpetuity with interest, dividends and gains and losses being available for spending in accordance with donor restrictions.”

PART X, LINE 2:

“The foundation is generally exempt from federal income taxes under section 50l(c)(3) of the internal revenue code. However, net income derived from unrelated business activities is not exempt from federal income taxes. The foundation is treated as a publicly supported foundation, and not a private foundation. The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with accounting principles generally accepted in the united states of america for accounting for uncertainty in income taxes, and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation.”

Raw XML AppendixShowing 400 of 647 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.

Path#Value
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IRS990/ActivityOrMissionDesc0THROUGH RENT-FREE HOUSING AND COOPERATIVE LIVING, SOUTHERN SCHOLARSHIP FOUNDATION SUPPORTS STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT, AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTIONS OF HIGHER EDUCATION.
IRS990/AdvertisingGrp/FundraisingAmt0283
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IRS990/CompensationProcessOtherInd00
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IRS990/Desc0BY PROVIDING RENT-FREE HOUSING, SOUTHERN SCHOLARSHIP FOUNDATION (SSF), DRAMATICALLY REDUCES THE COST OF LIVING, THUS INCREASING THE LIKELIHOOD THAT LOW INCOME STUDENTS WILL COMPLETE THEIR DEGREES. THROUGH COOPERATIVE LIVING, RESIDENTS MANAGE HOUSEHOLD BUDGETS, ENFORCE RULES DESIGNED TO SUPPORT A CLEAN, SAFE ENVIRONMENT; AND THEY COOK MEALS AND EAT TOGETHER. RESIDENTS HAVE A HOME, A COMMUNITY, AND A SUPPORT NETWORK FROM THE FIRST DAY THEY ENTER THEIR HOUSES. SSF OPERATES 26 HOUSES AND SERVES AN AVERAGE OF 400 RESIDENTS IN GAINESVILLE, FT. MYERS, AND TALLAHASSEE, FL.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt018
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
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IRS990/Form990PartVIISectionAGrp/PersonNm1SHEILA DICKISON
IRS990/Form990PartVIISectionAGrp/PersonNm2RYAN TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm3PAULA DEBOLES-JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4RHODA GLASCO FODERINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID ASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm6ANNE TOULOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm7ALIX ALEXIS
IRS990/Form990PartVIISectionAGrp/PersonNm8NICHOLAS APPELO
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY K BEDFORD
IRS990/Form990PartVIISectionAGrp/PersonNm10KATHRYN BELL
IRS990/Form990PartVIISectionAGrp/PersonNm11RAMONA BROOKINS
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm13LINDA JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm14LASHONDIA KENDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm15LYNN LEVERTY
IRS990/Form990PartVIISectionAGrp/PersonNm16GAYLA PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm17BILL OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm18PAMELA PAULK
IRS990/Form990PartVIISectionAGrp/PersonNm19KIANA PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm20FRANCHESCA PICHARDO
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IRS990/Form990PartVIISectionAGrp/PersonNm23JILL VARNES
IRS990/Form990PartVIISectionAGrp/PersonNm24DHYANA ZIEGLER PHD
IRS990/Form990PartVIISectionAGrp/PersonNm25SHAWN WOODIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIAR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT/CEO
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