Public Charity

New College Foundation Inc

New College Foundation Inc is a Public Charity headquartered in Sarasota, FL. Financial data from the 2025 filing: $14.1M revenue, $4.9M expenses, $57.9M total assets. 68 publicly reported grants to this organization, totaling roughly $3.9M, appear in IRS filings.

EIN: 590911744 Sarasota, FL Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$14.1M
Total Expenses$4.9M
Total Assets$57.9M
Grant Records68
Funding Total$3.9M
Filing Years2021–2025

Mission

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.

Where $100 goes at New College Foundation Inc

How New College Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$77 Programs the work itself
$18 Management running the organization
$5 Fundraising raising the next dollar

Inside the $77 for programs

$61
New College Foundation funding is provided for academic chairs, professorships and faculty salaries, allowing new college of florida to attract faculty of the highest caliber and reputation
79% of program spending
$8
New College Foundation supports faculty, staff and students at new college and works with commuity members and groups on issues which the arts and humanities bear
11% of program spending
$8
The New College Foundation provides scholarship support to New College students, helping them to attend New College of Florida
10% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Chair Adam Kendall
Director Alicja Aj Janson
Director Brian Mccarthy
Treasurer; Chief of Staff New College Christie Fitz-Patrick
Director David Smith
Director Debra Jenks

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$2,947,186 40 grants
General Support
$742,379 25 grants
Training & Professional Development
$200,000 1 grant
Human & Social Services
$5,000 1 grant
Unspecified
$25,064 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $14.1M $4.9M $57.9M
2024 $2.0M $5.0M $50.1M
2023 $4.7M $5.9M $49.8M
2022 $4.4M $5.3M $48.0M
2021 $13.1M $4.5M $57.8M

Between 2021 and 2025, reported annual revenue grew from $13.1M to $14.1M (+7%), with total assets most recently reported at $57.9M.

Interactive year-over-year charts and full filing details available with membership.

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