PLATINUM2024

Florida SouthWestern State College Foundation, Inc

Florida SouthWestern State College, located in southwest Florida, is a Florida public college, offering two and four year undergraduate degree programs. Florida SouthWestern State College has campuses in Fort Myers, Naples, Punta Gorda, and Hendry County. FSW is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Fort Myers, FL   |  https://foundation.fsw.edu/
GuideStar Charity Check

Florida SouthWestern State College Foundation, Inc

EIN: 59-6173638


Mission

The Florida SouthWestern State College Foundation’s mission is to support the academic vision and priorities of FSW State College by underwriting student success, securing fundraising and honoring donor intent.

Ruling year info

1996

Principal Officer

Dr. Geraldine Gallagher

Main address

8099 College Parkway I-124

Fort Myers, FL 33919 USA

Show more contact info

Formerly known as

Edison State College Foundation, Inc.

EIN

59-6173638

Subject area info

Higher education

Undergraduate education

Population served info

Adults

NTEE code info

Higher Education Institutions (B40)

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

School of Education

Florida Southwestern State College's School of Education provides a rigorous learning environment ensuring teacher candidates will achieve their greatest potential through Principles of Excellence.

Population(s) Served
Adults

Within a culturally and artistically rich academic environment, our students develop the abilities to communicate effectively, think critically, use technology and apply scientific principles and methods.

Population(s) Served
Adults

The School of Business and Technology provides high quality, innovate, applicable and inspiration educational programs that provide a diverse populations of students the academic and career skills necessary to compete in the local workforce and the global economy.

Population(s) Served
Adults

FSW School of Health Professions offers two baccalaureate degrees, one post-associate certificate, eleven associate degrees and five certificates that prepare students for workforce entry, advancement upon graduation, and successful credentialing.

Population(s) Served
Adults

The School of Pure and Applied Sciences supports Florida Southwestern State College's Associate of Arts Degree by offering a rigorous curriculum in math and science.

Population(s) Served
Adults

FSW participates in 5 sports in NJCAA athletics: Men's and Women's Basketball, Women's Volleyball, Men's Baseball, Women's Softball.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Average online donation

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Florida SouthWestern State College Foundation supports the College in providing students an outstanding and affordable education. As a result, students have an advantage when it comes to obtaining competitive jobs in our evolving and dynamic market.

*Strengthen relationships with community organizations *Grow scholarship support for students *Support faculty development and needed improvements to facilities, equipment, supplies and software.

The College has a positive reputation among business and community leadership that have participated in serving the organization.The College has a critical role in the education and economic well-being of our community.

*Each year, the Florida SouthWestern State College Foundation provides about $2 million in student scholarships and investments in programs, technology and facilities – all to benefit our students.  Presently, 70% of our students graduate debt free. *Collier Campus Partnerships with Champions for Learning, Community Foundation of Collier County, Moorings Park, Naples Children and Education Foundation, Richard M. Schulze Family Foundation, Greater Naples YMCA, NCH Healthcare System, Southwest Florida Children's Charities, Collier County Public Schools, Suncoast Credit Union, North Naples Fire Department, Healthcare Network of Southwest Florida, Greater Naples Chamber of Commerce, Physicians Regional Hospitals, Southwest Florida Community Foundation, Southwest Florida Workforce Development Board. *Suncoast Credit Union Arena ,built in 2016, is approximately 75,000 square feet and hosts the FSW Buccaneers’ basketball and volleyball teams, and a student athletic center. The arena seats approximately 3,500 fans and includes six skyboxes, a hospitality event center, competition courts that convert into recreational courts, athletic office space, student, faculty and staff wellness, and an athletic center with a fitness pavilion, men’s and women’s locker rooms and a weight training area.In addition the arena will host concerts, and local, regional and national events that benefit the community.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Financials

Florida SouthWestern State College Foundation, Inc
Fiscal year: Apr 01 - Mar 31
Financial documents
2022 2022 FSW Foundation Audited Financial Statement 2021 2021 Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

35.06

Average of 4.58 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

8.9

Average of 2.8 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Florida SouthWestern State College Foundation, Inc

Revenue & expenses

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Florida SouthWestern State College Foundation, Inc

Balance sheet

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Florida SouthWestern State College Foundation, Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

This snapshot of Florida SouthWestern State College Foundation, Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $911,363 $226,266 -$196,159 $639,011 $578,742
As % of expenses 22.9% 5.5% -5.8% 15.0% 17.3%
Unrestricted surplus (deficit) after depreciation $910,843 $226,266 -$196,159 $639,011 $578,742
As % of expenses 22.9% 5.5% -5.8% 15.0% 17.3%
Revenue composition info
Total revenue (unrestricted & restricted) $3,198,103 $2,382,911 $8,385,095 $7,097,910 $5,430,900
Total revenue, % change over prior year -17.4% -25.5% 251.9% -15.4% -23.5%
Program services revenue 1.6% 2.5% 0.3% 0.4% 0.7%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 103.4% 65.3% 13.4% 32.2% 30.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 43.5% 107.9% 7.9% 34.7% 54.1%
Other revenue -48.5% -75.6% 78.4% 32.6% 15.2%
Expense composition info
Total expenses before depreciation $3,972,172 $4,128,241 $3,368,412 $4,251,566 $3,348,744
Total expenses, % change over prior year -16.1% 3.9% -18.4% 26.2% -21.2%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.0% 0.0% 0.0% 0.0% 0.0%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 74.6% 77.3% 79.3% 83.7% 59.9%
All other expenses 25.4% 22.7% 20.7% 16.3% 40.1%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $3,972,692 $4,128,241 $3,368,412 $4,251,566 $3,348,744
One month of savings $331,014 $344,020 $280,701 $354,297 $279,062
Debt principal payment $1,100,000 $0 $0 $0 $0
Fixed asset additions $0 $750,000 $0 $0 $0
Total full costs (estimated) $5,403,706 $5,222,261 $3,649,113 $4,605,863 $3,627,806

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 2.5 1.0 3.6 3.9 8.9
Months of cash and investments 136.8 116.5 180.0 144.1 175.3
Months of estimated liquid unrestricted net assets 17.4 15.2 20.7 18.2 25.1
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $843,145 $360,049 $1,011,737 $1,368,075 $2,490,824
Investments $44,425,728 $39,703,712 $49,516,418 $49,681,625 $46,421,274
Receivables $815,406 $1,047,039 $447,378 $921,554 $1,223,681
Gross land, buildings, equipment (LBE) $0 $750,000 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 4.0% 0.9% 0.9% 0.4% 0.1%
Unrestricted net assets $5,769,766 $5,996,032 $5,799,873 $6,438,884 $7,017,626
Temporarily restricted net assets $19,668,613 N/A N/A N/A N/A
Permanently restricted net assets $19,016,079 N/A N/A N/A N/A
Total restricted net assets $38,684,692 $35,634,717 $44,960,905 $45,371,578 $43,102,494
Total net assets $44,454,458 $41,630,749 $50,760,778 $51,810,462 $50,120,120

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Dr. Geraldine Gallagher

Number of employees

Source: IRS Form 990

Florida SouthWestern State College Foundation, Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Florida SouthWestern State College Foundation, Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Florida SouthWestern State College Foundation, Inc

Board of directors
as of 03/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr John Wright

Deborah Stewart

Law Office of Deborah A. Stewart

Mary Lee Mann

Carey Soud

First Bank

Paula Malone

Wings Foundation

Jared Brancazio

Raymond James

John Wright

Sanibel Captiva Bank

Braxton Rhone

Fidelity

Susan Chicone

Canterbury School

Eric Loche

Morgan Stanley

Organizational demographics

SOURCE: Self-reported; last updated 2/23/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data