Pasco-Hernando State College Annual Report 2017 | Page 31
MOMENTUM ... FOUNDATION REPORT
Pasco-Hernando State College Foundation, Inc.
Statement of Revenues, Expenses, and Changes in
Net Assets
PHSC Foundation, Inc. Management Summary of Operations for the year ended December 31, 2017
The PHSC Foundation has an important job ensuring that PHSC is a thriving institution. It accomplishes this by
raising private funds from generous friends in the community and distributing those funds to the College’s area
of greatest need.
OPERATING REVENUES
EXPENSES:
PROGRAM SERVICES
For The Year Ended December 31, 2017
Operating Revenues:
EXPENSES:
SUPPORT SERVICES
2017
Contributions 470,839
State Matching Grant Funds 70,000
Events/Sponsorships 104,440
In-Kind Contributions 356,885
Total Revenue 1,002,164
Expenses:
Program Services:
Scholarships
Staff & Program Development
47% Contributions (470,839)
36% In-Kind Contributions (356,885)
10% Events/Sponsorships (104,440)
76% Scholarships (1,067,803)
24% Staff & Program
Development (342,791)
7% State Matching Grant Funds (70,000)
Total Revenue: 1,002,164
56% In-Kind (356,885)
Total College Programs
34% Fundraising (216,267)
10% Administrative Expenses (60,354)
216,267
Administrative Expenses 60,354
470,839 356,885 104,440
70,000
1,067,803 342,791
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
501
In-Kind 356,885
Total Support Services 634,007
Total Expenses
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
1,410,594
Fundraising
Depreciation
Total Support Services: 634,007
Total Expenses: 2,044,601
550,000
500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
342,791
Support Services:
0% Depreciation (501)
Total College Programs: 1,410,594
1,067,803
2,044,601
Pasco-Hernando State College Foundation, Inc. Statement of Revenues,
Expenses and Changes in Net Assets for the year ended December 31,
2017 (Excerpt)
356,885 216,267
60,354
501
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the
Foundation’s finances. Questions concerning any of the information
provided in this report or requests for additional financial information
should be addressed to Lisa Richardson, Ed.D., Associate Vice President
of Alumni and College Relations and Executive Director of the PHSC
Foundation, Pasco-Hernando State College Foundation, 10230 Ridge Road,
New Port Richey, FL 34654-5199.