Nonprofit · EIN 59-0911744
NEW COLLEGE FOUNDATION INCORPORATED
Tax-exempt · SARASOTA, FL 34243
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,077,675 | $4,901,556 | $9,176,119 | $57,947,210 | $1,023,154 | $56,924,056 |
| June 30, 2024 | 990 | $2,007,354 | $4,961,286 | -$2,953,932 | $50,064,126 | $1,076,838 | $48,987,288 |
| June 30, 2023 | 990 | $4,698,283 | $5,938,762 | -$1,240,479 | $49,806,812 | $1,742,599 | $48,064,213 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,757,511
- Program service revenue
- $3,500
- Investment income
- $8,313,578
- Net gain from sales of assets
- $7,534,488
- Net income from fundraising events
- -$5,957
- Other revenue
- $3,086
Expenses
- Grants and similar amounts paid
- $3,108,611
- Compensation of officers, directors and key employees
- $284,913
- Other salaries and wages
- $164,553
- Salaries, compensation and benefits (total)
- $449,466
- Professional fundraising fees
- $0
- Legal fees
- $14,968
- Accounting fees
- $32,000
- Occupancy
- $27,322
- Travel
- $2,785
- Depreciation
- $60,460
- Program services (functional)
- $3,969,205
- Management and general (functional)
- $701,166
- Fundraising (functional)
- $231,185
Balance sheet and other
- Total assets, start of year
- $50,064,126
- Total assets, end of year
- $57,947,210
- Total liabilities, end of year
- $1,023,154
- Net assets, end of year
- $56,924,056
- Land, buildings and equipment
- $1,009,681
- Publicly traded securities
- $50,522,962
- Net assets without donor restrictions
- $1,980,195
- Net assets with donor restrictions
- $54,943,861
- Gross receipts
- $47,554,257
- Employees
- 10
- Volunteers
- 16
- Year formed
- 1960
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Sydney Gruters | NCF Executive Director Officer | 40 | $201,000 | $0 | $69,385 |
| Christie Fitz-Patrick | Treasurer; Chief of Staff New College Trustee or director, Officer | 1 | $0 | $206,708 | $40,296 |
| Adam Kendall | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| James McDonald | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JJ Fermin Miranda | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Alicja AJ Janson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brian McCarthy | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Debra Jenks | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Lance Karp | Director Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Moore | Director Trustee or director | 1 | $0 | $0 | $0 |
| Eric Robinson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Greg Douglas | Director Trustee or director | 1 | $0 | $0 | $0 |
| Joshua Ingram | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mary Gratehouse | Director Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Rahn | Director Trustee or director | 1 | $0 |
| Rob Bilott | Director Trustee or director | 1 | $0 |
| Stuart Clarry | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SYDNEY GRUTERS | EXECUTIVE DIRECTOR Officer | 40 | $130,885 | $54,079 |
| MICHAEL L FOLEY | DIRECTOR PHILANTHROPY - FORMER Former | 40 | $108,447 | $58,468 |
| ADAM KENDALL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY GEIMER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MONICA VAN BUSKIRK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROB BILOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HAZEL BRADFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN BURNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG DOUGLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES MCDONALD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERMIN MIRANDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENJAMIN BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTIE FITZ-PATRICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBRA JENKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR LANCE KARP | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARYANNE YOUNG | VP OF ADVANCEMENT Officer | 40 | $208,870 | $96,540 |
| KEVIN HUGHES | ASSOCIATE VP ADVANCEMENT Officer | 40 | $141,609 | $45,062 |
| MICHAEL L FOLEY | DIRECTOR PHILANTHROPY Officer | 40 | $112,181 | $41,732 |
| DECLAN SHEEHY | DIRECTOR PHILANTHROPY Officer | 40 | $111,500 | $40,059 |
| MARCIA CRAWLEY | DIRECTOR PHILANTHROPY Officer | 40 | $118,213 | $32,419 |
| RONALD P MCDONOUGH | DIRECTOR OF FINANCE & COMP Officer | 40 | $102,790 | $34,800 |
| CAITLYN SANDERSON | DIRECTOR OF PROSPECT MANAGEMENT Officer | 40 | $73,162 | $29,953 |
| DAN STULTS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ADAM KENDALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY GEIMER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MONICA VAN BUSKIRK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JANENE AMICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN BURNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGEE ENSIGN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN P HENDRIX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE A JACOBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBRA JENKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN F SCHLEGEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY SMYTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW SPALDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY WINSHIP | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5800 BAY SHORE RD, SARASOTA, FL 34243-2109
- Principal officer (990 for 2024)
- Adam Kendall, 5800 Bay Shore Road, Sarasota, FL 342432109
- Signed the 990
- Sydney Gruters, Executive Director
- Phone
- (941) 487-4801
- Website
- ncf.edu/alumni/foundation/
- Return prepared by
- Mauldin & Jenkins LLC
Mission
The mission of New College Foundation is to support the priorities of New College of Florida, Florida's designated honors college. This is accomplished by securing funds as a result of cultivating and stewarding individuals, foundations, and corporations and through the prudent management of assets.
Program accomplishments
- NEW COLLEGE FOUNDATION FUNDING IS PROVIDED FOR ACADEMIC CHAIRS, PROFESSORSHIPS AND FACULTY SALARIES, ALLOWING NEW COLLEGE OF FLORIDA TO ATTRACT FACULTY OF THE HIGHEST CALIBER AND REPUTATION. ALL CLASSES ARE TAUGHT BY FACULTY WITH A PH.D. OR EQUIVALENT DEGREE. FOUNDATION FUNDING ALSO SUPPORTS INNOVATIVE FACULTY RESEARCH AND DEVELOPMENT WHICH LIES AT THE HEART OF ACADEMIC LEADERSHIP.Expenses $3,137,462 · grants $2,276,868
- NEW COLLEGE FOUNDATION SUPPORTS FACULTY, STAFF AND STUDENTS AT NEW COLLEGE AND WORKS WITH COMMUITY MEMBERS AND GROUPS ON ISSUES WHICH THE ARTS AND HUMANITIES BEAR. TO CONTINUE TO CULTIVATE DONOR RELATIONSHIPS, NEW COLLEGE FOUNDATION ALSO SUPPORTS OTHER NONPROFIT ORGANIZATIONS.Expenses $418,960 · grants $418,960
- The New College Foundation provides scholarship support to New College students, helping them to attend New College of Florida. The financial support the students receive allows them to experience a personalized approach to their education and enables these academically talented students to thrive and realize their full potential, preparing them to assume leadership roles in their scholarly, civic, artistic, and commercial endeavors.Expenses $412,783 · grants $412,783 · revenue $3,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0911744
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $57,947,210
- Income (IRS master file)
- $47,554,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,077,675 | $4,901,556 | $57,947,210 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $2,007,354 | $4,961,286 | $50,064,126 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,698,283 | $5,938,762 | $49,806,812 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $4,354,121 | $5,329,272 | $47,981,303 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0911744).
Questions about NEW COLLEGE FOUNDATION INCORPORATED
- What is the EIN of NEW COLLEGE FOUNDATION INCORPORATED?
- The employer identification number (EIN) of NEW COLLEGE FOUNDATION INCORPORATED is 59-0911744.
- Is NEW COLLEGE FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to NEW COLLEGE FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW COLLEGE FOUNDATION INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW COLLEGE FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW COLLEGE FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW COLLEGE FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 names Adam Kendall.
- Who are the officers and directors of NEW COLLEGE FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $201,000 (Sydney Gruters, NCF Executive Director).
- How much revenue does NEW COLLEGE FOUNDATION INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,077,675, expenses of $4,901,556 and total assets of $57,947,210 at year end.
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- HAYES FAMILY FOUNDATION EIN 37-2168030 · last filed 990-PF for 2025
- CHILDREN FIRST INC EIN 59-0968249 · last filed 990 for 2024
- SARASOTA MILITARY ACADEMY INC EIN 65-1149763 · last filed 990 for 2025
- THE CLASSICAL ACADEMY OF SARASOTA INC EIN 46-3754462 · last filed 990 for 2025
- SARASOTA SUNCOAST ACADEMY EIN 22-3872632 · last filed 990 for 2025
- SARASOTA SCHOOL OF ARTS AND SCIENCE INC EIN 65-0745152 · last filed 990 for 2025