Nonprofit · EIN 59-1682455
GULF COAST STATE COLLEGE FOUNDATION INC
Tax-exempt · PANAMA CITY, FL 32401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,689,950 | $3,410,452 | -$1,720,502 | $38,433,044 | $76,344 | $38,356,700 |
| June 30, 2024 | 990 | $2,258,688 | $3,954,717 | -$1,696,029 | $36,941,970 | $118,827 | $36,823,143 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $747,342
- Membership dues
- $7,600
- Program service revenue
- $0
- Investment income
- $815,548
- Net income from fundraising events
- $126,144
- Other revenue
- $127,060
Expenses
- Grants and similar amounts paid
- $2,571,093
- Compensation of officers, directors and key employees
- $185,114
- Other salaries and wages
- $184,251
- Salaries, compensation and benefits (total)
- $369,365
- Professional fundraising fees
- $0
- Legal fees
- $20,668
- Accounting fees
- $26,200
- Travel
- $4,079
- Depreciation
- $2,974
- Program services (functional)
- $2,664,049
- Management and general (functional)
- $540,411
- Fundraising (functional)
- $205,992
Balance sheet and other
- Total assets, start of year
- $36,941,970
- Total assets, end of year
- $38,433,044
- Total liabilities, end of year
- $76,344
- Net assets, end of year
- $38,356,700
- Land, buildings and equipment
- $54,130
- Net assets with donor restrictions
- $38,356,700
- Gross receipts
- $1,801,968
- Employees
- 4
- Volunteers
- 15
- Year formed
- 1967
- 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 |
|---|---|---|---|
| DR SEAN PRESTON | EXE. DIRECTO Officer | 40 | $178,905 |
| LES BRACKETT | DIRECTOR Trustee or director | – | $0 |
| HAL BURLESON | DIRECTOR Trustee or director | – | $0 |
| KATHY CROWLEY | DIRECTOR Trustee or director | – | $0 |
| ARTHUR CULLEN | DIRECTOR Trustee or director | – | $0 |
| BUDDY CZUBAJ | DIRECTOR Trustee or director | – | $0 |
| CHERYL FLAX-HYMAN | GCSC EXECUTI Trustee or director, Officer | – | $0 |
| DANA FORD-LEDMAN | DIRECTOR Trustee or director | – | $0 |
| GARY GORMAN | SECRETARY Trustee or director, Officer | – | $0 |
| REBECCA HALL-CARY | DIRECTOR Trustee or director | – | $0 |
| JOE HOLT | DIRECTOR Trustee or director | – | $0 |
| TERRI HOSKINS | DIRECTOR Trustee or director | – | $0 |
| TREY HUTT | PAST PRESIDE Trustee or director, Officer | – | $0 |
| JERRY SOWELL JR | DIRECTOR Trustee or director | – | $0 |
| WILLIAM C CRAMER JR | ADVISOR Trustee or director | – | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK KERIGAN | PRESIDENT Trustee or director, Officer | – | $0 |
| MICHAEL KIRKLAND | DIRECTOR Trustee or director | – | $0 |
| AUSTIN KLANJAC | TREASURER Trustee or director, Officer | – | $0 |
| GLEN MCDONALD | DIRECTOR Trustee or director | – | $0 |
| JOHN MEYER | VICE PRESIDE Trustee or director, Officer | – | $0 |
| JASON MOREHOUSE | DIRECTOR Trustee or director | – | $0 |
| CHARLOTTE NEWBY | DIRECTOR Trustee or director | – | $0 |
| CLAIRE SHERMAN | DIRECTOR Trustee or director | – | $0 |
| BILLY JOE SMILEY | DIRECTOR Trustee or director | – | $0 |
| CAROLINE WINDHAM | PAST PRESIDE Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR SEAN PRESTON | EXECUTIVE DI Officer | 40 | $169,224 |
| LES BRACKETT | DIRECTOR Trustee or director | – | $0 |
| HAL BURLESON | DIRECTOR Trustee or director | – | $0 |
| KATHY CROWLEY | DIRECTOR Trustee or director | – | $0 |
| ARTHUR CULLEN | DIRECTOR Trustee or director | – | $0 |
| BUDDY CZUBAJ | DIRECTOR Trustee or director | – | $0 |
| CHERYL FLAX-HYMAN | GCSC EXECUTI Trustee or director, Officer | – | $0 |
| DANA FORD-LEDMAN | DIRECTOR Trustee or director | – | $0 |
| GARY GORMAN | DIRECTOR 23/ Trustee or director | – | $0 |
| REBECCA HALL-CARY | DIRECTOR Trustee or director | – | $0 |
| BECCA HARDIN | DIRECTOR Trustee or director | – | $0 |
| JOE HOLT | DIRECTOR Trustee or director | – | $0 |
| TERRI HOSKINS | DIRECTOR Trustee or director | – | $0 |
| TREY HUTT | PAST PRESIDE Trustee or director, Officer | – | $0 |
| JERRY SOWELL JR | DIRECTOR Trustee or director | – | $0 |
| WILLIAM C CRAMER JR | ADVISOR Trustee or director | – | $0 |
| JOHN JUCHNIEWICZ | TREASURER 20 Trustee or director, Officer | – | $0 |
| JACK KERIGAN | VICE PRES 23 Trustee or director, Officer | – | $0 |
| AUSTIN KLANJAC | TREASURER Trustee or director, Officer | – | $0 |
| JOHN MEYER | SEC 23/VICE Trustee or director, Officer | – | $0 |
| JASON MOREHOUSE | DIRECTOR Trustee or director | – | $0 |
| LORI PONS | DIRECTOR Trustee or director | – | $0 |
| DAN ROWE | DIRECTOR Trustee or director | – | $0 |
| BILLY JOE SMILEY | DIRECTOR Trustee or director | – | $0 |
| CAROLINE WINDHAM | PRES 23/PAST Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 5230 W HIGHWAY 98, PANAMA CITY, FL 32401-1041
- Principal officer (990 for 2024)
- AUSTIN KLANJAC
- Signed the 990
- AUSTIN KLANJAC, TREASURER
- Phone
- (850) 872-3810
- Return prepared by
- TIPTON MARLER GARNER & CHASTAIN
Mission
TO CREATE A SCHOLARSHIP PROGRAM PROVIDING EDUCATIONAL OPPORTUNITIES TO DESERVING STUDENTS AND TO ENHANCE THE EDUCATIONAL PROGRAMS AND STUDENT SERVICES AVAILABLE AT GULF COAST STATE COLLEGE.
Program accomplishments
- BOATWRIGHT ENDOWMENT CHAIR PROGRAM - TO FUND THE PAYROLL EXPENSES OF THE COLLEGE HOSPITALITY DEPARTMENT CHAIRPERSON.Expenses $101,652 · grants $101,652
- HONORS PLAZA TECHNOLOGY - TO FUND TECHNOLOGY PURCHASES AND UPGRADES FOR THE COLLEGE, INCLUDING SOFTWARE UPGRADES AND SUPPORT FOR THE FOUNDATION.Expenses $74,567
- SCHOLARSHIPS PROGRAM - TO FUND AND PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE COLLEGE.Expenses $2,396,791 · grants $2,396,791
- OTHER PROGRAMS INCLUDE: ALUMNI ASSOCIATION, CULINARY, AND EDUCATIONAL ASSISTANCE.Expenses $91,039 · grants $72,650
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
- 59-1682455
- 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
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,433,044
- Income (IRS master file)
- $1,801,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,689,950 | $3,410,452 | $38,433,044 | XML |
| 990 | June 2024 | $2,258,688 | $3,954,717 | $36,941,970 | XML |
| 990 | June 2023 | $2,289,447 | $3,386,316 | $35,633,572 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 59-1682455).
Questions about GULF COAST STATE COLLEGE FOUNDATION INC
- What is the EIN of GULF COAST STATE COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of GULF COAST STATE COLLEGE FOUNDATION INC is 59-1682455.
- Is GULF COAST STATE COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to GULF COAST STATE COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GULF COAST 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 GULF COAST STATE COLLEGE FOUNDATION INC 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 GULF COAST STATE COLLEGE FOUNDATION INC 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 GULF COAST STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names AUSTIN KLANJAC.
- Who are the officers and directors of GULF COAST STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $178,905 (DR SEAN PRESTON, EXE. DIRECTO).
- How much revenue does GULF COAST STATE COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,689,950, expenses of $3,410,452 and total assets of $38,433,044 at year end.
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