EIN 59-0624401

Florida Southern College (FSC)

IRS 501(c) type
501(c)(3)
Num. employees
1,647
State
Year formed
1885
Most recent tax filings
2023-05-01
Description
Florida Southern has a superb liberal arts and sciences core, as well as outstanding professional programs in business, nursing, and education and pre-professional programs in dentistry, law, medicine, physical therapy, theology, pharmacy and veterinary.
Total revenues
$164,767,465
2023
Total expenses
$164,207,263
2023
Total assets
$308,595,580
2023
Num. employees
1,647
2023

Program areas at FSC

Florida Southern College is a private, comprehensive College dedicated to teaching excellence in 60 programs of study for undergraduate students. The College offers 16 master degree programs in business, education, nursing and psychology, along with four doctorate programs in education, nursing and physical therapy. The College is accredited by the Southern association of colleges and schools commission on colleges. The College's 2022 entering freshman class of 752 had the highest act score of an entering class. The College's 2,607 full-time traditional undergraduate students come from 46 states and 58 countries and territories, with 86% of them residing in campus housing. More than 99% receive some form of financial assistance, including 26% who receive pell grants. (see schedule o.) Florida Southern is nationally recognized for excellence in experiential education. Our engaged learning pedagogy challenges students to deepen their learning and explore their potential. We are proud to provide students with opportunities to apply their learning through student-faculty collaborative research, student musical performances, service learning, civic engagement, internships, and study-abroad opportunities. Students are taught by dynamic professors, including 163 full-time faculty that results in a 14:1 student-faculty ratio. The faculty have outstanding credentials, with 87% who have earned their terminal degree in their field of expertise. Florida Southern also emphasizes whole-student development and has a vibrant extra-curricular agenda that supports both classroom and out-of-classroom personal growth experiences. A well-trained staff of professionals lead these activities that foster not only academic, but also physical, spiritual, and social development. Florida Southern continues to earn recognition as one of the nation's best small private colleges and is consistently included in guidebooks such as the princeton review's best colleges, u.s. news & world report, and colleges of distinction. The fiske guide to colleges also includes fsc among the "best and most interesting" schools in the u.s. publications such as bloomberg businessweek and the business research guide tout fsc's barney barnett school of business and free enterprise as one of the "best undergraduate business programs and "most innovative small College business departments" in the nation. The barnett school is also aacsb accredited and included in the princeton reviews "best on-campus m.b.a schools" list and is listed among the "top undergraduate schools for business in the nation" by poets & quants. The value Florida Southern provides its students is also widely recognized: u.s. news includes Florida Southern on its "best buy" list, and Washington monthly touts Florida Southern as an institution where you'll get the "best bang for your buck." The princeton review again recognized fsc for its campus beauty and exceptional archictural heritage by being ranked one of the top ten most beautiful campuses, the twelfth consecutive year that fsc has been included in this category. The College's 120 acre campus includes academic buildings, residence halls, athletic facilities, student life activity spaces, administrative offices, and student support learning spaces, a performing arts center, other auditoria for both musical and all-college programs, chapels for campus ministries, and maintenance and workshop facilities. The College owns and operates several nearby apartment complexes for student housing.

Who funds Florida Southern College (FSC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$1,070,000
Bny Mellon Charitable Gift FundTo Further the Organization's Exempt Purpose$900,000
Ting Tsung and Wei Fong Chao FoundationPolk Museum of Art Support for Museum Expansion & Gallery Development$300,000
...and 42 more grants received totalling $3,250,696

Personnel at FSC

NameTitleCompensation
Terry DennisVice President Finance and Administration$330,351
V. Terry DennisVice President of Finance and Administration
Kelly SemrauVice President of Marketing / Trustee$200,701
Heather M. PharrisVice President for Advancement$210,877
John P. GrundigVice President of Enrollment Management$277,469
...and 17 more key personnel

Financials for FSC

RevenuesFYE 05/2023
Total grants, contributions, etc.$15,877,888
Program services$142,980,086
Investment income and dividends$3,215,372
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$826,967
Net income from fundraising events$-20,521
Net income from gaming activities$0
Net income from sales of inventory$172,988
Miscellaneous revenues$1,714,685
Total revenues$164,767,465

Form 990s for FSC

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-01990View PDF
2022-052023-04-13990View PDF
2020-052021-04-21990View PDF
2019-052020-08-10990View PDF
2018-052019-05-14990View PDF
...and 8 more Form 990s

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Marywood UniversityScranton, PA$116,155,084
Le Moyne CollegeSyracuse, NY$148,595,597
Lafayette CollegeEaston, PA$258,966,915
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
Madonna UniversityLivonia, MI$54,779,071
St. Olaf CollegeNorthfield, MN$251,573,289
Presbyterian CollegeClinton, SC$67,335,105
Abilene Christian University (ACU)Abilene, TX$314,810,886
Data update history
October 16, 2024
Updated personnel
Identified 2 new personnel
August 26, 2024
Received grants
Identified 16 new grant, including a grant for $900,000 from Bny Mellon Charitable Gift Fund
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 5 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from Touching Tomorrow
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ChristianReligiousMembershipsLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
111 Lake Hollingsworth Dr
Lakeland, FL 33801
Metro area
Lakeland-Winter Haven, FL
County
Polk County, FL
Website URL
flsouthern.edu/ 
Phone
(863) 680-4111
Facebook page
FloridaSouthern 
IRS details
EIN
59-0624401
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1885
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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