Nonprofit · EIN 59-1581805
DAYTONA STATE COLLEGE FOUNDATION INC
Tax-exempt · DAYTONA BEACH, FL 32114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,547,086 | $1,700,221 | $8,846,865 | $47,875,272 | $46,538 | $47,828,734 |
| December 31, 2023 | 990 | $4,909,757 | $1,743,782 | $3,165,975 | $40,378,111 | $242,307 | $40,135,804 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,085,990
- Program service revenue
- $0
- Investment income
- $5,311,352
- Net gain from sales of assets
- $4,046,337
- Net income from fundraising events
- $149,744
- Other revenue
- $149,744
Expenses
- Grants and similar amounts paid
- $1,232,558
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $18,300
- Occupancy
- $7,008
- Travel
- $29,351
- Program services (functional)
- $1,380,824
- Management and general (functional)
- $299,637
- Fundraising (functional)
- $19,760
Balance sheet and other
- Total assets, start of year
- $40,378,111
- Total assets, end of year
- $47,875,272
- Total liabilities, end of year
- $46,538
- Net assets, end of year
- $47,828,734
- Publicly traded securities
- $43,417,988
- Gross receipts
- $15,898,525
- Employees
- 0
- Volunteers
- 34
- Year formed
- 1975
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS LOBASSO | PRESIDENT Officer | 1 | $0 | $453,571 | $160,616 |
| MARTIN CASS | CFO Officer | 1 | $0 | $147,930 | $61,327 |
| KRISTEN HANSON | INT. ED 4/24-7/24; ED AS OF 7/24 Officer | 25 | $0 | $98,683 | $31,410 |
| TIMOTHY NORTON | VICE PRESIDENT; ED 1/24-4/24 Officer | 25 | $0 | $47,557 | $14,238 |
| ZINA GRAU | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUFUS JOHNSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM LENSSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY BOYD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOBBY THIGPEN | CHAIR - INVESTMENT COMMITTEE Trustee or director | 1 | $0 | $0 | $0 |
| DENIS SHELLEY | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF ABBOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDY DYE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN FRANCATI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM FULCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE GOEB-BURKETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY GRISSOM | DIRECTOR Trustee or director | 1 | $0 |
| NINA HOSSEINI LOCKETT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HODGSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SACKS | DIRECTOR Trustee or director | 1 | $0 |
| LOUIS SENO | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY D SNELL | DIRECTOR Trustee or director | 1 | $0 |
| GREG SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS LOBASSO | PRESIDENT Officer | 1 | $0 | $458,918 | $78,771 |
| MARTIN CASS | CBO Officer | 1 | $0 | $148,152 | $56,208 |
| TIMOTHY NORTON | VP AND EXEC DIR - START 7/1/2023 Officer | 25 | $0 | $155,688 | $21,209 |
| JUDITH D'APRILE-HAYDT | EXECUTIVE DIRECTOR - END 6/30/2023 Officer | 40 | $0 | $46,110 | $8,875 |
| ZINA GRAU | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUFUS JOHNSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM LENSSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY BOYD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENIS SHELLEY | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BOBBY THIGPEN | CHAIR - INVESTMENT COMMITTEE Trustee or director | 1 | $0 | $0 | $0 |
| GREG SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS SENO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE GOEB-BURKETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN FRANCATI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAGGIE THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN HODGSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF ABBOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID SACKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NINA HOSSEINI LOCKETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEVERLY GRISSOM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREGORY D SNELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM FULCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDY DYE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 W INTERNATIONAL SPEEDWAY BLVD, DAYTONA BEACH, FL 32114-2817
- Principal officer (990 for 2024)
- MARTIN CASS, 1200 W INTERNATIONAL SPEEDWAY BLVD, DAYTONA BEACH, FL 321142817
- Signed the 990
- MARTIN CASS, CBO
- Phone
- (386) 506-3658
- Return prepared by
- JAMES MOORE & COPL
Mission
A DIRECT SUPPORT ORGANIZATION OF DAYTONA STATE COLLEGE (DSC). THE PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS, AND OTHER FUNDING, FOR CRITICAL NEEDS THAT ARE BEYOND THE SCOPE OF THE COLLEGE'S BUDGET.
Program accomplishments
- GRANTS AND OTHER ASSISTANCE INCLUDING DAYTONA STATE COLLEGE PROGRAM SUPPORT THAT FUNDS ATHLETICS, THE SCHOOL OF NURSING ENDOWMENT, THE ENTREPRENEURIAL PROGRAM, RESPIRATORY CARE, AND THE SOUTHEAST MUSUEM OF PHOTOGRAPHY.Expenses $142,499 · grants $142,499
- STUDENT ASSISTANCE IN THE FORM OF TUITION, BOOKS, MATERIALS, SCHOLARSHIPS OR GRANTS FOR EMERGENCY FINANCIAL ASSISTANCE.Expenses $1,090,059 · grants $1,090,059
- OTHER SUPPORT TO THE COLLEGE FACILITY OR PROGRAM ACTIVITIES.Expenses $148,266
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1581805
- 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
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $47,875,272
- Income (IRS master file)
- $15,898,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,547,086 | $1,700,221 | $47,875,272 | IRS |
| 990 | December 2023 | $4,909,757 | $1,743,782 | $40,378,111 | XML |
| 990 | December 2022 | $2,557,760 | $1,753,436 | $33,211,067 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 59-1581805).
Questions about DAYTONA STATE COLLEGE FOUNDATION INC
- What is the EIN of DAYTONA STATE COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of DAYTONA STATE COLLEGE FOUNDATION INC is 59-1581805.
- Is DAYTONA STATE COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to DAYTONA STATE COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAYTONA STATE COLLEGE FOUNDATION INC 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 DAYTONA STATE COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAYTONA STATE COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DAYTONA STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MARTIN CASS.
- Who are the officers and directors of DAYTONA STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does DAYTONA STATE COLLEGE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,547,086, expenses of $1,700,221 and total assets of $47,875,272 at year end.
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