SPC Foundation Financial Information
Impact
Contributions
$10,507,829
Scholarships
$2,914,236.93
Grants
$2,157,807.23
Statement of Net Position
As of Dec. 31, 2025 and 2024
ASSETS
2025
2024
Cash and Cash Equivalents
$2,614.289
$3,732,275
Unconditional Promise to Give
227,492
454,984
Other Assets
65,322
-
Investments
120,564,940
65,376,698
Total Assets
$123,472,043
$69,563,957
LIABILITIES AND NET POSITION
Total Liabilities
$37,385
$19,613
NET POSITION
Unrestricted
$5,248,549
$4,776,186
Restricted
Nonexpendable
41,200,148
38,869,739
Expendable
76,985,961
58,504,141
Total Net Position
$123,434,658
$102,150,066
Total Liabilities and Net Position
$123,472,043
$102,169,679
Statement of Revenues, Expenses and Change in Net Position
For the years ending Dec. 31, 2025 and 2024
SUPPORT AND REVENUE
2025
2024
Contributions
$10,507,829
$8,499,979
Net Unrealized & Realized Gains(Losses) on Investments
14,606,030
7,522,708
Interest and Dividends
3,408,567
2,782,524
Total Support & Revenue
$28,522,427
$18,805,211
EXPENSES
Scholarships
$2,914,237
$2,716,122
Grants to St. Petersburg College
2,157,807
2,389,067
Total Program Expenses
$5,072,044
$5,105,189
Administrative and Fundraising Expenses
Administrative Expenses
$917,001
$770,789
Fundraising Expenses
1,248,790
1,076,926
Total Administrative & Fundraising Expenses
$2,165,791
$1,847,715
Total Expenses
$7,237,835
$6,952,905
Nonoperating transfer to ISPS
-
-
Change in Net Position
$21,284,592
$11,852,307
NET POSITION
NET POSITION, beginning of year
$102,150,066
$90,297,760
NET POSITION, end of year
$123,434,658
$102,150,066
