Civic Intelligence

First Coast Technical Institute

990 • Fiscal year 2015 • EIN 59-1276697

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

2980 Collins AvenueSt Augustine, FL 32084-1921

(904) 547-3282

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.22x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

36th percentile

0.10x

Higher debt load relative to revenue than 36% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

23rd percentile

-5.6%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$113,506

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

11th percentile

-9.0%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-0.3%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,377,433

Down $431,811 (-9.0%) from 2014

Net Assets

Down

$3,424,681

Down $520,874 (-13%) from 2014

Liabilities

Up

$952,752

Up $89,063 (+10%) from 2014

Revenue

Down

$9,265,951

Down $29,300 (-0.3%) from 2014

Expenses

Up

$9,786,825

Up $670,847 (+7.4%) from 2014

Net Income

Down

-$520,874

Down $700,147 (-391%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,920,087Liabilities 2010: $1,466,767Net Assets 2010: $3,453,3202010Assets 2011: $4,708,245Liabilities 2011: $941,067Net Assets 2011: $3,767,1782011Assets 2012: $4,679,091Liabilities 2012: $1,042,663Net Assets 2012: $3,636,4282012Assets 2013: $4,617,857Liabilities 2013: $851,575Net Assets 2013: $3,766,2822013Assets 2014: $4,809,244Liabilities 2014: $863,689Net Assets 2014: $3,945,5552014Assets 2015: $4,377,433Liabilities 2015: $952,752Net Assets 2015: $3,424,6812015

Highlighted filing

2015

Assets$4,377,433
Liabilities$952,752
Net Assets$3,424,681

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,663,9632010Expenses 2011: $10,324,1732011Expenses 2012: $10,125,2502012Expenses 2013: $10,266,6092013Revenue 2014: $9,295,251Expenses 2014: $9,115,978Net Income 2014: $179,2732014Revenue 2015: $9,265,951Expenses 2015: $9,786,825Net Income 2015: -$520,8742015

Highlighted filing

2015

Revenue$9,265,951
Expenses$9,786,825
Net Income-$520,874
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$9,349,391
Mission and Program Overview

Mission

The mission of the First Coast Technical College is to provide career, technical, and adult education to meet the changing needs of students, businesses, and the workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,523,129$2,617,673▲ $94,544
Savings and Temporary Cash Investments$713,263$627,029▼ $86,234
Accounts Receivable$501,691$570,918▲ $69,227
Cash and Non-Interest-Bearing Accounts$974,777$359,085▼ $615,692
Inventories for Sale or Use$55,771$174,213▲ $118,442
Prepaid Expenses and Deferred Charges$40,613$28,515▼ $12,098
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,809,244$4,377,433▼ $431,811
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$564,905$629,446▲ $64,541
Accounts Payable and Accrued Expenses$130,995$230,365▲ $99,370
Deferred Revenue$167,789$92,941▼ $74,848
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$863,689$952,752▲ $89,063
Net Assets / Fund Balance
Unrestricted Net Assets$3,889,784$3,250,468▼ $639,316
Temporarily Rstr Net Assets$55,771$174,213▲ $118,442
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,945,555$3,424,681▼ $520,874
Total Liabilities and Net Assets / Fund Balance$4,809,244$4,377,433▼ $431,811

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$84,860$178,196$0
Land$0-$0
Equipment$730,736$1,986,518$0
Leasehold Improvements$1,802,077$1,355,129$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sandra FortnerPresidentFT$113,506$113,506
Jeannie DopsonCFOFT$67,822$67,822
Pam KochanskiSecretaryFT$41,391$41,391

Board Members and Trustees

NameTitle
Carol AlfordChairman
Steven BlalockVice Chair
Dana JonesBoard Member
Declan ReileyBoard Member
John BrowningBoard Member
Michael CurtisBoard Member
Robert GradenBoard Member
William GarrisonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,630,787
Program Service Revenue
$7,426,003
Investment Income
$2,765
Other Revenue
$206,396
All Other Contributions
$0
Change in Net Assets
$-520,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,265,951
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$83,440
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$9,349,391
Total Revenue per Form 990
$9,265,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,578,715
Salaries, Compensation, and Employee Benefits$1,208,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,712,326$523,592$0$5,235,918
Other Salaries and Wages$791,222$87,913$0$879,135
Occupancy$703,996$109,230$0$813,226
Office Expenses$610,408$84,094$0$694,502
Fees for Services Other$262,348$87,449$0$349,797
Depreciation Depletion$346,722$0$0$346,722
Current Officers, Directors, Trustees, and Key Employees$200,447$22,272$0$222,719
Advertising$124,543$41,514$0$166,057
Payroll Taxes$79,865$8,873$0$88,738
Travel$66,407$22,136$0$88,543
Fees for Services Lobbying$23,332$7,777$0$31,109
Fees for Services Accounting$19,703$6,568$0$26,271
Other Employee Benefits$15,766$1,752$0$17,518
Fees for Services Legal$10,870$3,623$0$14,493
Total Functional Expenses$8,712,438$1,074,387$0$9,786,825

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,870,265
Expenses per Audited Statements$9,786,825
Total Expenses per Form 990$9,786,825
Expenses Not Reported on Form 990$83,440
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensated Absences Payable$584,369
Due to St. Johns County District School Board$45,077
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 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, Section B, Line 11B

A qualified level of management oversees the tax return.

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

The schedule and policies are available to the public upon request and Financial Statements are included in the School District's monthly minutes.

Form 990, Part VI, Section C, Line 19

The schedule and policies are available to the public upon request and Financial Statements are included in the School District's monthly agenda.

Filing and Contact Details

Filer

Filer Name
First Coast Technical Institute
EIN
59-1276697
Phone
9045473282
Address
2980 Collins Avenue, St Augustine, FL 32084-1921
Doing Business As
First Coast Technical College

Signing Officer

Name
Jeannie Dopson
Title
Chief Financial Officer
Phone
9045473500
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Fortner
Formed
2000
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
185
Volunteers
103

Preparer

Firm
Dufresne & Associates CPA PA
Address
385 Stiles Avenue, Orange Park, FL 32073-4010
Preparer
Linda Dufresne
Phone
9042788980
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XI, Line 2D

Represents cost of textbooks $83,440

Schedule D, Part XII, Line 2D

Represents cost of textbooks $83,440

Raw XML AppendixShowing 400 of 744 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/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt09349391
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt0289836
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt055771
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0174213
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02765
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02765
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03519843
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02523129
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02617673
IRS990/LandBldgEquipCostOrOtherBssAmt06137516
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of the First Coast Technical College is to provide career, technical, and adult education to meet the changing needs of students, businesses, and the workforce.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt03945555
IRS990/NetAssetsOrFundBalancesEOYAmt03424681
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0206396
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0206396
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0109230
IRS990/OccupancyGrp/ProgramServicesAmt0703996
IRS990/OccupancyGrp/TotalAmt0813226
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt084094
IRS990/OfficeExpensesGrp/ProgramServicesAmt0610408
IRS990/OfficeExpensesGrp/TotalAmt0694502
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01752
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015766
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017518
IRS990/OtherExpensesGrp/Desc0Consumable Supplies
IRS990/OtherExpensesGrp/Desc1Capital Outlay
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3School District Payroll
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131272
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt236322
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3523592
IRS990/OtherExpensesGrp/ProgramServicesAmt0136139
IRS990/OtherExpensesGrp/ProgramServicesAmt1281450
IRS990/OtherExpensesGrp/ProgramServicesAmt2326894
IRS990/OtherExpensesGrp/ProgramServicesAmt34712326
IRS990/OtherExpensesGrp/TotalAmt0136139
IRS990/OtherExpensesGrp/TotalAmt1312722
IRS990/OtherExpensesGrp/TotalAmt2363216
IRS990/OtherExpensesGrp/TotalAmt35235918
IRS990/OtherLiabilitiesGrp/BOYAmt0564905
IRS990/OtherLiabilitiesGrp/EOYAmt0629446
IRS990/OtherOrganizationDsc0Charter School
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087913
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0791222
IRS990/OtherSalariesAndWagesGrp/TotalAmt0879135
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08873
IRS990/PayrollTaxesGrp/ProgramServicesAmt079865
IRS990/PayrollTaxesGrp/TotalAmt088738
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00

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