Nonprofit · EIN 59-6173638
FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC
Tax-exempt · FORT MYERS, FL 33919
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $6,463,607 | $4,555,185 | $1,908,422 | $57,209,967 | $175,988 | $57,033,979 |
| March 31, 2024 | 990 | $6,236,165 | $3,945,380 | $2,290,785 | $55,754,167 | $138,635 | $55,615,532 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $2,522,189
- Program service revenue
- $65,636
- Investment income
- $3,729,475
- Net gain from sales of assets
- $1,769,086
- Other revenue
- $146,307
Expenses
- Grants and similar amounts paid
- $3,767,691
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $1,933
- Program services (functional)
- $3,767,691
- Management and general (functional)
- $516,678
- Fundraising (functional)
- $270,816
Balance sheet and other
- Total assets, start of year
- $55,754,167
- Total assets, end of year
- $57,209,967
- Total liabilities, end of year
- $175,988
- Net assets, end of year
- $57,033,979
- Net assets without donor restrictions
- $4,824,824
- Net assets with donor restrictions
- $52,209,155
- Gross unrelated business income
- $24,986
- Gross receipts
- $14,907,139
- Employees
- 0
- Year formed
- 1996
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY ALLBRITTEN | PRES/EX-OFFI Trustee or director | 1 | $0 | $676,354 | $239,632 |
| GERALDINE GALLAGHER | EXECUTIVE DI Officer | 40 | $0 | $208,649 | $84,858 |
| SARA MAYO | CFO Officer | 40 | $0 | $124,724 | $35,853 |
| JARED BRANCAZIO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN CHICONE | TREAS/SECRET Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TROY CHURCHILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF KUNBERGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC LOCHE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAULA MALONE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY LEE MANN | VICE CHAIR/D Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRAXTON RHONE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROMAN SAZONOV | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEBORAH STEWART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN WRIGHT | CHAIR/DIRECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BANFIELD | BOT REP/EX-O Officer | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jeffrey Allbritten | College PresEx-Officio Direc Trustee or director | 1 | $0 | $485,945 | $373,167 |
| Geraldine Gallagher | Executive Director Officer | 40 | $0 | $190,344 | $78,797 |
| Sara Mayo | Chief Financial Officer Officer | 40 | $0 | $107,574 | $31,228 |
| Susan Chicone | DirectorTreasurerSecretary Trustee or director | 1 | $0 | $0 | $0 |
| William Banfield | Board of Trustee RepEx-Offic Trustee or director | 1 | $0 | $0 | $0 |
| Troy Churchill | Director Trustee or director | 1 | $0 | $0 | $0 |
| Braxton Rhone | Director Trustee or director | 1 | $0 | $0 | $0 |
| Carl Grissom | Former Director Trustee or director | 1 | $0 | $0 | $0 |
| Jeff Kunberger | Director Trustee or director | 1 | $0 | $0 | $0 |
| Eric Loche | Director Trustee or director | 1 | $0 | $0 | $0 |
| Deborah Stewart | Director Trustee or director | 1 | $0 | $0 | $0 |
| Roman Sazonov | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jared Brancazio | Director Trustee or director | 1 | $0 | $0 | $0 |
| Paula Malone | Director Trustee or director | 1 | $0 | $0 | $0 |
| Carey Soud | Former DirectorTreasurerSec Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mary Lee Mann | Vice ChairDirector Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Wright | DirectorChair Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8099 COLLEGE PKWY, FORT MYERS, FL 33919-5566
- Principal officer (990 for 2024)
- GERALDINE GALLAGHER, 8099 COLLEGE PARKWAY, FORT MYERS, FL 33919
- Signed the 990
- GERALDINE GALLAGHER, EXECUTIVE DIRECTOR
- Phone
- (239) 489-9036
- Website
- WWW.FSW.EDU/FOUNDATION
- Return prepared by
- HSCTUSCAN & COMPANY PA
Mission
THE MISSION OF THE FSW FOUNDATION IS TO SUPPORT THE STRATEGIC PRIORITIES OF FLORIDA SOUTHWESTERN STATE COLLEGE BY PROVIDING ADDITIONAL FUNDING AND RESOURCES.
Program accomplishments
- PROVIDED ALMOST 1.6 MILLION IN SCHOLARSHIP SUPPORT TO STUDENTS OF FLORIDA SOUTHWESTERN STATE COLLEGE. PROVIDED PROGRAM SUPPORT FUNDING OF NEARLY 1.4 MILLION TO SUPPORT A WIDE RANGE OF FSW STATE COLLEGE'S PROGRAMS, ATHLETICS AND PRIORITIES. MORE THAN 19,000 STUDENTS, FACULTY AND STAFF WERE POSITIVELY IMPACTED. THE FOUNDATION CONTINUED TO CULTIVATE THE COMMUNITY RESULTING IN ABOUT 50 NEW DONORS.Expenses $3,767,691 · grants $3,767,691 · revenue $6,463,607
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 59-6173638
- 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
- 1996
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $57,209,967
- Income (IRS master file)
- $14,907,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $6,463,607 | $4,555,185 | $57,209,967 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $6,236,165 | $3,945,380 | $55,754,167 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $5,430,900 | $3,348,744 | $50,191,161 | IRS |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 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 59-6173638).
Questions about FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC
- What is the EIN of FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC is 59-6173638.
- Is FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLORIDA SOUTHWESTERN 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 FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended March 31, 2025 names GERALDINE GALLAGHER.
- Who are the officers and directors of FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC?
- The 990 for the year ended March 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $6,463,607, expenses of $4,555,185 and total assets of $57,209,967 at year end.
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