Civic Intelligence

The Hillsborough Community College Foundation Inc

EIN 59-1810717 • 501(c)3 • Tampa, FL

Profile

Secure and steward philanthropic support to enhance hillsborough community college and the success of its students. At the hcc foundation, we support hcc in its mission to deliver affordable educational opportunities that help students become successful, productive citizens.

4115 N Lois AvenueTampa, FL 33614

www.hccfoundation.com

Siviq Scores

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

Liabilities / Assets

54th percentile

0.25x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.74x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

17th percentile

$134,745

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

60th percentile

8.1%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

4.4%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$34,760,528

Up $2,601,233 (+8.1%) from 2024

Liabilities

Down

$8,802,615

Down $398,702 (-4.3%) from 2024

Net Assets

Up

$25,957,913

Up $2,999,935 (+13%) from 2024

Operations
Liabilities / Revenue73rd percentileNet Margin77th percentile

Revenue

Up

$11,960,311

Up $505,680 (+4.4%) from 2024

Expenses

Up

$9,213,570

Up $607,378 (+7.1%) from 2024

Net Income

Down

$2,746,741

Down $101,698 (-3.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

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

$40M$30M$20M$10M$0Assets 2011: $24,805,145Liabilities 2011: $19,634,350Net Assets 2011: $5,170,7952011Assets 2012: $23,767,711Liabilities 2012: $19,891,734Net Assets 2012: $3,875,9772012Assets 2013: $23,240,754Liabilities 2013: $18,692,435Net Assets 2013: $4,548,3192013Assets 2014: $23,867,187Liabilities 2014: $17,821,252Net Assets 2014: $6,045,9352014Assets 2015: $23,707,965Liabilities 2015: $16,803,018Net Assets 2015: $6,904,9472015Assets 2016: $24,255,772Liabilities 2016: $15,651,113Net Assets 2016: $8,604,6592016Assets 2017: $24,485,218Liabilities 2017: $14,715,812Net Assets 2017: $9,769,4062017Assets 2018: $24,631,432Liabilities 2018: $13,950,903Net Assets 2018: $10,680,5292018Assets 2019: $27,027,095Liabilities 2019: $14,004,337Net Assets 2019: $13,022,7582019Assets 2020: $26,463,857Liabilities 2020: $12,504,754Net Assets 2020: $13,959,1032020Assets 2021: $29,037,973Liabilities 2021: $11,813,979Net Assets 2021: $17,223,9942021Assets 2022: $27,797,080Liabilities 2022: $10,938,241Net Assets 2022: $16,858,8392022Assets 2023: $29,207,976Liabilities 2023: $10,139,940Net Assets 2023: $19,068,0362023Assets 2024: $32,159,295Liabilities 2024: $9,201,317Net Assets 2024: $22,957,9782024Assets 2025: $34,760,528Liabilities 2025: $8,802,615Net Assets 2025: $25,957,9132025

Highlighted filing

2025

Assets$34,760,528
Liabilities$8,802,615
Net Assets$25,957,913
Open 2025 Filing

Operations Trend

Revenue Growth42nd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,664,1992011Expenses 2012: $5,741,4462012Revenue 2013: $4,817,858Expenses 2013: $4,996,906Net Income 2013: -$179,0482013Revenue 2014: $4,794,256Expenses 2014: $4,451,631Net Income 2014: $342,6252014Revenue 2015: $5,436,853Expenses 2015: $4,765,600Net Income 2015: $671,2532015Revenue 2016: $6,852,815Expenses 2016: $5,007,551Net Income 2016: $1,845,2642016Revenue 2017: $5,554,796Expenses 2017: $5,135,517Net Income 2017: $419,2792017Revenue 2018: $6,094,274Expenses 2018: $5,437,633Net Income 2018: $656,6412018Revenue 2019: $9,115,451Expenses 2019: $5,777,872Net Income 2019: $3,337,5792019Revenue 2020: $7,706,062Expenses 2020: $6,781,000Net Income 2020: $925,0622020Revenue 2021: $8,739,828Expenses 2021: $6,548,728Net Income 2021: $2,191,1002021Revenue 2022: $9,418,496Expenses 2022: $7,092,337Net Income 2022: $2,326,1592022Revenue 2023: $9,578,709Expenses 2023: $7,778,571Net Income 2023: $1,800,1382023Revenue 2024: $11,454,631Expenses 2024: $8,606,192Net Income 2024: $2,848,4392024Revenue 2025: $11,960,311Expenses 2025: $9,213,570Net Income 2025: $2,746,7412025

Highlighted filing

2025

Revenue$11,960,311
Expenses$9,213,570
Net Income$2,746,741
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$34,760,528
Liabilities
$8,802,615
Net assets
$25,957,913
Revenue
$11,960,311
Expenses
$9,213,570
Net income
$2,746,741
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$8.80$26.0$12.0$9.21$2.75
2024Detailed filing. Detailed filing data is available for this year.$32.2$9.20$23.0$11.5$8.61$2.85
2023Detailed filing. Detailed filing data is available for this year.$29.2$10.1$19.1$9.58$7.78$1.80
2022Detailed filing. Detailed filing data is available for this year.$27.8$10.9$16.9$9.42$7.09$2.33
2021Detailed filing. Detailed filing data is available for this year.$29.0$11.8$17.2$8.74$6.55$2.19
2020Detailed filing. Detailed filing data is available for this year.$26.5$12.5$14.0$7.71$6.78$0.93
2019Detailed filing. Detailed filing data is available for this year.$27.0$14.0$13.0$9.12$5.78$3.34
2018Detailed filing. Detailed filing data is available for this year.$24.6$14.0$10.7$6.09$5.44$0.66
2017Detailed filing. Detailed filing data is available for this year.$24.5$14.7$9.77$5.55$5.14$0.42
2016Detailed filing. Detailed filing data is available for this year.$24.3$15.7$8.60$6.85$5.01$1.85
2015Detailed filing. Detailed filing data is available for this year.$23.7$16.8$6.90$5.44$4.77$0.67
2014Detailed filing. Detailed filing data is available for this year.$23.9$17.8$6.05$4.79$4.45$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$18.7$4.55$4.82$5.00$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$19.9$3.88$5.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$19.6$5.17$5.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$12,681,564
Mission and Program Overview

Mission

Secure and steward philanthropic support to enhance hcc and the success of its students. Through annual scholarships, endowments, and program and faculty support, we have awarded more than $12 million since our inception and changed thousands of lives for the better.

Our mission is to secure and steward philanthropic support to enhance hillsborough community college and the success of its students. At the hcc foundation, we support hcc in its mission to deliver affordable educational opportunities that help students become successful, productive citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,840,203$19,394,329▲ $2,554,126
Land, Buildings, and Equipment, Net$8,114,260$7,338,995▼ $775,265
Cash and Non-Interest-Bearing Accounts$1,461,861$2,830,091▲ $1,368,230
Investments Other Securities$2,099,976$2,006,922▼ $93,054
Pledges and Grants Receivable$2,684,705$1,837,721▼ $846,984
Accounts Receivable$597,765$954,793▲ $357,028
Savings and Temporary Cash Investments$158,413$366,834▲ $208,421
Prepaid Expenses and Deferred Charges$202,112$30,843▼ $171,269
Total Assets$32,159,295$34,760,528▲ $2,601,233
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,418,390$7,501,406▼ $916,984
Accounts Payable and Accrued Expenses$694,825$1,236,248▲ $541,423
Deferred Revenue$88,102$64,961▼ $23,141
Total Liabilities$9,201,317$8,802,615▼ $398,702
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,229,571$19,195,737▲ $1,966,166
Net Assets Without Donor Restrictions$5,728,407$6,762,176▲ $1,033,769
Total Net Assets Fund Balance$22,957,978$25,957,913▲ $2,999,935
Total Liabilities and Net Assets / Fund Balance$32,159,295$34,760,528▲ $2,601,233

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,794,580$11,563,324$18,357,904
Leasehold Improvements$86,094$2,528,979$2,615,073
Equipment$458,321$1,066,616$1,524,937
Other Securities$395,985--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$12,514,657$1,622,251▲ $1,459,030-$13,909,054
2024$10,715,468$811,544▲ $1,466,204-$12,514,657
2023$9,570,703$988,281▲ $1,006,698-$10,715,468
2022$10,472,456$937,783▼ $1,362,640-$9,570,703
2021$7,601,525$619,984▲ $2,295,278-$10,472,456
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleOtherTotal
L Garrett WeddleExec Director$134,745$134,745

Board Members and Trustees

NameTitle
Christopher TaylorChair
Nadine FahimDevelopment Chair
Laura GagnonFinance Chair
Qualenta KivettGovernance Chair
Marcel BlythePast Chair
Paige NiehausPRESIDENT'S LIAISON
Louise EllrodVice Chair
Brett FayDirector
Dina GoodDirector
Eric BaileyDirector
Hannah ComptonDirector
Heidi WhiddenDirector
James YoungDirector
Janet Cruz-rifkinDirector
Jennifer BolivarDirector
Joe SchlueterDirector
Ken SinghDirector
Lisa KirklandDirector
Maggie BriggsDirector
Marcia DolbyDirector
Michael FloresDirector
Mike KriegDirector
Natali ArchibeeDirector
Philip MindenDirector
Raymond AyresDirector
Scott GoldbackDirector
Vinanta MundraDirector
Wyatt KrapfDirector
Aakash PatelTRUSTEE'S LIASON
Kathy PantelisFaculty Liaison
Revenue and Support

Revenue Composition

Contributions and Grants
$6,881,364
Program Service Revenue
$3,828,145
Investment Income
$1,466,292
Other Revenue
$-215,490
All Other Contributions
$3,649,734
Change in Net Assets
$2,746,741

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
Works of Art25$14,945Donor Estimates
Other Non Cash Contri Table2$10,550Fair Market Value (FMV)
Other Non Cash Contri Table1$5,040Fair Market Value (FMV)
Other Non Cash Contri Table1$1,206Fair Market Value (FMV)
Total Noncash Contributions29$31,741-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,899,108
Revenue Not Reported on Financial Statements
$61,203
Revenue Not Reported on Form 990
$1,387,928
Total Revenue per Audited Statements
$13,287,036
Total Revenue per Form 990
$11,960,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,280,389
Other Expenses$3,933,181
Total Fundraising Expense$27,986
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,412,598--$3,412,598
Grants to Domestic Individuals$1,867,791--$1,867,791
Depreciation Depletion$1,166,036--$1,166,036
Interest$168,476--$168,476
Fees for Services Management$154,465--$154,465
Fees for Services Lobbying$70,000--$70,000
Fees for Service Investment Mgmnt Fees-$61,203-$61,203
Fees for Services Other-$36,376-$36,376
Other Expenses$4,798$13,671$22,338$36,009
Fees for Services Accounting-$24,000-$24,000
Information Technology-$22,794-$22,794
Office Expenses-$7,145$1,050$8,195
Insurance-$7,498-$7,498
Travel-$2,583$662$3,245
Total Functional Expenses$8,953,562$232,022$27,986$9,213,570

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,287,101
Total Expenses per Form 990$9,213,570
Expenses per Audited Statements$9,152,367
Expenses Not Reported on Form 990$1,134,734
Expenses Not Reported on Financial Statements$61,203
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hillsborough Community CollegeTampa, FL501(c)(1)Provide Direct Support for Hillsborough Community College Programs and Priorities.$3,412,598
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$269,969
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Presidential Showcase$173,450-$161,633-
Fishing Tournament$127,030-$68,589-
Total Events$377,685-$269,969$-269,969
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorMR. BAILEY IS A PRINCIPLE WITH AN ADVISORY GROUP THAT PROVIDES THE MAJORITY OF THE INVESTMENT ADVISORY SERVICES FOR THE FOUNDATION. AS OF JUNE 30, 2025, FEES PAID DURING THE YEAR ENDED TOTALED $58,156. THE DIRECTOR DOES NOT PARTICIPATE IN THE PROCESS OR VOTE.No$58,156
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
Yes
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 A, Line 1A

“The executive committee shall consist of the chair of the board of directors, the vice chair, the treasurer, the president's designee, the board of trustees' designee, the chair of each of the standing committees and the executive director, ex-officio. The board of directors may choose up to two additional members to serve on the executive committee. The executive committee shall exercise the powers of the board of directors between meetings, at times of emergency or when it is impractical to convene the board of directors. It shall report its actions at the next meeting of the full board of directors for approval or other consideration. The executive committee shall not have the authority to elect or remove officers, dissolve the corporation, amend or repeal the bylaws, fill vacancies on the board of directors or any committee thereof, or change the number of members on the board.”

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

“A draft of the form 990 is provided to the finance committee for review and approval prior to its filing.”

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

“The organization's operating guidelines contain a conflict of interest policy. A party who gains knowledge of an actual or potential conflict of interest transaction involving the foundation or the college shall promptly disclose it to the board of directors of the foundation. Each individual covered by this guideline shall provide the annual conflict of interest disclosure form to the board of directors each year for a certification that the individual is not engaged in any conflict of interest transactions.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 990 and audited financial statements available on their website. The organization maintains governing documents and operating guidelines including conflict of interest policy, whistle-blower policy and records retention policy at 4115 n. Lois avenue, tampa, fl 33614. The organization will make these documents available upon request.”

Filing and Contact Details

Filer

Filer Name
The Hillsborough Community
EIN
59-1810717
Phone
8132537191
Address
4115 N LOIS AVENUE, TAMPA, FL 33614

Signing Officer

Name
L Garrett Weddle
Title
Executive Director
Phone
8132537191
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Garrett Weddle
Formed
1974
Legal Domicile
Fl
Voting Board Members
31
Independent Board Members
28
Employees
0
Volunteers
100

Preparer

Firm
Rivero Gordimer & Company Pa
Address
201 N FRANKLIN ST SUITE 2200, TAMPA, FL 33602
Preparer
Sam a Lazzara
Phone
8138757774
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“BAD DEBT -347,962.”

Form 990 Part XII, Line 2C, Financial Statements and Reporting

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

Financial Statement Notes

PART V, LINE 4:

“To support scholarships and college priorities”

PART X, LINE 2:

“The foundation is a not-for-profit organization exempt from income taxes, except on "unrelated business income", under section 501(c)(3) of the u.s. Internal revenue code and applicable state statute. There was no unrelated business income during the fiscal year ended june 30, 2025, therefore, no tax was due. The foundation follows the income tax standard for uncertain tax positions. The foundation has evaluated their tax provisions and determined they have no uncertain tax positions as of june 30, 2025.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT 347,962.”

PART XII, LINE 2A:

“The foundation received a total of $786,772 in donated services and facilities which reduced the reported salaries and benefits; travel, conferences, and training; software costs; and various office related expenses.”

Raw XML AppendixShowing 400 of 790 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/TitleTxt5TRUSTEE'S LIASON
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT'S LIAISON
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXEC DIRECTOR
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IRS990/MissionDesc0SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HILLSBOROUGH COMMUNITY COLLEGE AND THE SUCCESS OF ITS STUDENTS. AT THE HCC FOUNDATION, WE SUPPORT HCC IN ITS MISSION TO DELIVER AFFORDABLE EDUCATIONAL OPPORTUNITIES THAT HELP STUDENTS BECOME SUCCESSFUL, PRODUCTIVE CITIZENS.
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