SPC Foundation Financial Information
Impact
Contributions
$9,070,465
Scholarships
$2,716,122.40
Grants
$2,389,066.86
Statement of Net Position
As of Dec. 31, 2024 and 2023
ASSETS
2024
2023
Cash and Cash Equivalents
$4,306.385
$4,680,620
Unconditional Promise to Give
454,984
524,984
Other Assets
-
-
Investments
97,982,420
85,092,656
Total Assets
$102,743,789
$90,298,260
LIABILITIES AND NET POSITION
Total Liabilities
$19,613
$500
NET POSITION
Unrestricted
$5,278,986
$4,708,071
Restricted
Nonexpendable
39,445,991
37,461,785
Expendable
57,999,199
48,127,903
Total Net Position
$102,724,176
$90,297,760
Total Liabilities and Net Position
$102,743,789
$90,298,260
Statement of Revenues, Expenses and Change in Net Position
For the years ending Dec. 31, 2024 and 2023
SUPPORT AND REVENUE
2024
2023
Contributions
$9,070,465
$7,908,481
Net Unrealized & Realized Gains(Losses) on Investments
7,522,641
12,312,941
Interest and Dividends
2,782,591
1,760,851
Total Support & Revenue
$19,375,698
$21,982,273
EXPENSES
Scholarships
$2,716,122
$2,722,428
Grants to St. Petersburg College
2,389,067
2,619,848
Total Program Expenses
$5,105,189
$5,342,276
Administrative and Fundraising Expenses
Administrative Expenses
$769,601
$565,511
Fundraising Expenses
1,074,491
1,017,083
Total Administrative & Fundraising Expenses
$1,844,092
$1,582,594
Total Expenses
$6,949,281
$6,924,871
Nonoperating transfer to ISPS
-
-
Change in Net Position
$12,426,416
$15,057,402
NET POSITION
NET POSITION, beginning of year
$90,297,760
$75,240,857
NET POSITION, end of year
$102,724,176
$90,297,760
