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New College Foundation Incorporated

Public charity990-T FY2023
Other · SARASOTA, FL · EIN 59-0911744

About

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.

Donations are tax-deductible
Category
Other
Employees
10
Volunteers
16

Financial Snapshot

FY ending 2025-06-30
Revenue
$14.1M
Expenses
$4.9M
Assets
$57.9M
Liabilities
$1.0M

Financial history

$14.1M$7.0M$0
171819202122232425
RevenueExpenses
Latest FY2025: $14.1M · Avg: $5.9M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$419K
Grants Given
$2.3M
NEW COLLEGE FOUNDATION INCORPORATED
Your actions

Address

5800 BAY Shore RD
Sarasota, FL, 34243-210

Governance

Voting board members17
Independent members16
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %22.4%
Permanent endowment %71.4%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.