State College of Florida Foundation, Inc.
5840 26th St W
Bradenton FL 34207


We inspire and connect donor’s passions and regional partners with State College of Florida’s outstanding students, faculty, programs and community; and to professionally steward assets entrusted to the foundation.


We aspire to double our endowment to remove the financial obstacles for all deserving students who want to improve their lives with a State College of Florida education, in order to contribute to the vitality of our community and to expand innovative, academic enhancements of the college to make it the best educational experience in the region.


1. To engage in transformative philanthropy

2. To professionally steward gifts entrusted to our care

3. To partner with the college to meet its mission in the community

4. To communicate openly, frequently and honestly with our constituents

5. To honor the privacy of our donors

6. To value diversity and respect the dignity of the individual

7. To ensure we meet both the letter and spirit of the laws that govern our mission

CEO/Executive Director Mrs. Cassandra Holmes
Board Chair Ms. Cathy Kuhlman
Board Chair Affiliation Turbine Weld
General Info
Supported Organization State College of Florida Sarasota-Manatee, Venice
Former Names
Foundation for Manatee Community College, Inc.
Manatee Community College Foundation, Inc.
Manatee Junior College Foundation, Inc.
Tax Exempt Status Public Supported Charity
Incorporation Year 1978
State Charitable Solicitations Permit Exempt 0
State Registration Exempt 0
Financial Summary
IRS Letter of Determination
Determination of Tax Exempt StatusView
Other Documents
Commerical Gen Lib InsView
Impact Statement
Past year's accomplishments:
1) Completion of the Gator Den, a collaboration with the University of Florida and State College of Florida where local students can take coursework at SCF until they complete necessary math and science courses and then move to the UF campus to finish their engineering education;
2) Completion of fundraising for our new Library and Learning Center;
3) Purchase Property in Parrish for a future campus;
4) Hiring a new Dean of Nursing and the completion of our BSN in 4 strategy
5) Completed our 60th anniversary celebration of service to our Manatee and Sarasota communities 
Goals for the current year:
1) Raise required funds to build the Studio for the Performing Arts;
2) Raise capital for the Health & Human Performance Center;
3) Hire a Executive Vice President & Provost to replace retiring Vice President of Academic Affairs, Gary Russell
4) Build a strong, diverse Campaign Cabinet
5) Implement the BSN in 4 cohort program in the Fall of 2018
Needs Statement
1.Raise capital to build a Studio for the Performing Arts, supporting the growth of the music, art and theatrical programs, providing a recital hall, dance studio, practice rooms and instrument storage.   $3.5 million
2. Raise capital to build a Health and Human Services Performance Center which will include two indoor batting cages, gymnasium, wellness center and exercise facility, team rooms and coaches offices.  $6 million
3. Meet the budget needs of the Foundation. $4,184,000
4. Ensure the scholarship budget of $1,736,506 is met.
5. Plan for the future development of the Parrish campus. Cost estimate unknown as this point. 
Background Statement
In 1978, a dedicated group of concerned leaders united around a common goal: To make certain that the first public college of the Manatee and Sarasota region could meet the daunting challenges of higher education emerging in the 21st century.Founded as a charitable foundation, our focus is exclusive to raising private funds to help advance the mission of the region's largest institution of higher education.
Areas Served
Areas Served
In a specific U.S. city, cities, state(s) and/or region.
FL- Manatee
FL- Sarasota
Areas Served Comments The State College of Florida Foundation, Inc, raises private funds to advance the mission of the College serving Manatee and Sarasota counties.
Service Categories
Primary Org Type Education
Secondary Org Type Education
Tertiary Org Type
Statement from the Board Chair/Board President

From a governance perspective, our Foundation has had a tremendous number of successes recently. We are proud to note 100% participation with our most recent Giving Challenge and have increased our annual director "Give or Get" goal. Board meeting attendance has increased to 87%, and every board member is asked to participate on one or more State College of Florida Foundation Committees..

We will continue to work to expand our donor base by developing a robust Alumni Association, increasing our relationships with estate planners and financial institutions, and increased thoughtful and impactful communications with our current donors. Our recent scholarship luncheon attendance was nearly 400, building community awareness and strengthening the relationships we have with dedicated donors and the students they support.

Statement from the CEO/Executive Director

State College of Florida Foundation
The Foundation for YOUR Community's College.

On behalf of the Board of Directors and staff of State College of Florida Foundation, we cordially invite you to celebrate the opening of our new Library and Learning Center in February 2018.  The Foundation’s founders understood the critical nature of the need to sustain a great college. Their vision was a Foundation that would make a great college better – a Foundation that would provide scholarship opportunities to ensure access to all who desired to pursue higher education and raise funds to better equip the College’s classrooms as well as to provide funds for capital building needs. The founders visualized an organization that would contribute to the community’s cultural and economic heritage and empower The State College of Florida, Manatee-Sarasota through financial flexibility.

Thanks to YOU...We Are SCF!
Description The State College of Florida Foundation, Inc, provides: 1.) deserving students with an equal opportunity to a college education through scholarships; 2.) instructional equipment and library resources which approximate those to be encountered in the university or workplace; 3.) rewards and encourages exemplary curricular and teaching performance by faculty.
Budget $2,500,000
Category Education, General/Other Postsecondary Education
Program Linked to Organizational Strategy Yes
Population Served Adults Adolescents Only (13-19 years) General/Unspecified
Short Term Success
By raising money, it has enabled the Foundation to help provide scholarships to the students and enhancements to the college in order to equipment the students of the State College of Florida Sarasota-Manatee with the tools to move forward with their goals.
Long Term Success

Designed to support ALL SCF Students (Addressing Student Success Measures) including:

1. High Skilled, High Wage Workforce Programs
2. STEM Degree Programs
3. High Community Impact Programs
Supporting programs that meet the emerging employment needs of the College's Service Area, as well as, provide funding for vital programs and capital buildings to expand and replace buildings that are obsolete or that don't meet the program's needs. 

Program Success Monitoring
The Foundation is constantly monitored by it's Board of Directors, the College, and the accrediting agencies.  This process is continuous and is assesed at a minimum of every quarter and maximum of annually.
Program Success Examples
The Foundation disbursed $1,412,475 in scholarships for the fiscal year 2014-15. The Foundation also allocated $1,655,402 to the College for funding for college positions, endowed chairs, purchase of new equipment, and program support including new baccalaureate programs. 
Program Comments by Organization

SCF Receives SACS Reaffirmation Accreditation until 2025

State College of Florida, Manatee-Sarasota (SCF) has received official notification from the Southern Association of Colleges and Schools Commission on Colleges (SACS) that the institution has received reaffirmation of accreditation for a full 10 years with no sanctions.

The full accreditation without sanctions is the highest rating that an educational institution can achieve from the regional accrediting body.

A team from SACS met with College employees in October and reviewed reams of documentation compiled by college staff during a rigorous, yearlong preparation.

“Accreditation is key to maintaining our credibility and position in the higher education arena of our region and state,” said SCF President Dr. Carol Probstfeld. “This is what distinguishes us as a state institution and ensures our students that their degree has value and recognition.”

Accreditation by SACS also ensures easy transfer of students’ courses to other institutions, and makes SCF eligible for financial aid that is disbursed annually to SCF’s students

CEO/Executive Director
CEO/Executive Director Mrs. Cassandra Holmes
CEO Term Start Apr 2014
CEO/Executive Director Email

Cassandra Holmes joined the staff of the State College of Florida Foundation as the Executive Director on April 7, 2014. She is a graduate of Santa Fe Community College, the University of Florida, and the University of Central Florida; and her experience includes over ten years in development and over nine years in finance. Previously employed at the Manatee Community Foundation (A supporting organization of the Community Foundation of Sarasota County) and Walt Disney World – Orlando, FL. 

Cassandra is a member of the Manatee County Chamber of Commerce, Sarasota County Chamber of Commerce, Venice Chamber of Commerce, Leadership-Manatee alumni association, and Junior League of Manatee County-Sustaining Member. She enjoys family time with her husband (Ted) and two daughters (Abigail (Senior in College)) and EmmaLee (Senior in High School)).


Former CEOs/Executive Directors
Ms. Peg Lowery July 1980 - June
Clint Monts de Oca Interim Executive Dir.July 2013 - Apr 2014
Senior Staff
Ms. Barbara Bourgoin Director of Development
Brandon Mand Constituent Data Base Manager
Allison Nash Scholarship Coordinator
Melissa Shippee Sr. Accountant
Darlene Wedler-Johnson Grants Manager
Erica Wuorio Alumni Coordinator
Staff & Volunteer Statistics
Full Time Staff 8
Part Time Staff 1
Staff Retention Rate % 63
Professional Development Yes
Contractors 0
Volunteers 297
Management Reports to Board Yes
CEO/Executive Director Formal Evaluation Yes
Senior Management Formal Evaluation Yes
Non-Management Formal Evaluation Yes
The State College of Florida Foundation, Inc. is a a Direct Support Organization of The State College of Florida. As a State College, we collaborate with numerous community organizations. Our President is the current chair of the Bradenton Area EDC. We work closely with USF Sarasota-Manatee with our FUSE program to enable students with an Associates degree to seamlessly advance to continued studies at USF. Our Nursing Simulation Lab at Lakewood Ranch shares its facilities with medical students from LECOM. SCF has had strong dual enrollment with area high schools. Area hospitals work with our nursing students to provide rotations. Local engineering firms provide internships to engineering students. The collaborations are too extensive to list.
Council on Foundations - Member
AFP (Association of Fundraising Professionals)
Consortium of Florida Education Foundations
National Association of Charitable Gift Planners2018
External Assessments and Accreditations
Southern Association of Colleges and Schools2015
Awards & Recognition
Risk Management Provisions
Employee Dishonesty
Commercial General Insurance
Crime Coverage
Special Event Liability
Employment Practices Liability
Fiduciary Liability
Directors and Officers Policy
Commercial General Liability
Commercial General Insurance
Fundraising Plan Yes
Communication Plan No
Strategic Plan Yes
Strategic Plan Years 5
Strategic Plan Adopted July 2015
Management Succession Plan Yes
Continuity of Operations Plan Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Policies and Procedures Yes
Management Comments by Organization

The SCF Foundation Board of Directors are collaboratively working to achieve the following Five Year Plan Strategic Priorities and Enabling Strategies:  "Boldly Engaging Our GREAT Community"

1. Ensure that SCF programs are available to students in all geographic locations of our service region.
2.  Develop a concierge-style student experience focused on enhancing student recruitment and performance outcomes.
3.  Aggressively engage faculty/program managers/business and community leaders in collaborative curriculum development from start to implementation for programs that are rapidly responsive to workforce needs.
4.  Establish SCF's central role in the educational, cultural and workforce development of our service region.
1. Complete an organizational structure review to identify changes to improve operational efficiency and effectiveness.
2.  Develop a physical infrastructure vision to include new physical locations, new flagship programs by campus and the optimal location of existing programs.
3.  Improve ability to recruit the retain first-time first-year students from our service region, and adult and non-traditional students with an emphasis on workforce relevancy.
4.  Develop and implement a comprehensive technology master plan to coordinate access and resource focused on enhancing student learning, faculty development, workforce training and business operations.
5.  Design and implement a comprehensive marketing and communication plan that will create awareness of SCF/SCFF's role in the region, advocate our mission, promote our unique strengths and provide a call to action for students and SCF/SCFF constituents.
6.  Support employees to reach their maximum potential by providing professional development, competitive compensation for performance standards, succession planning and robust technology resources.
7.  Develop strong data-mining and analysis capacity and capabilities, hire and train leaders with data analysis and performance management skill sets, and create a culture of data-driven decision making.


Multi-Media Comments by Organization
Other Documents
Other Document 2
Document Destruction Policy
Board Chair
Board Chair Ms. Cathy Kuhlman
Company Affiliation Turbine Weld
Board Term Sept 2014 to Sept 2018
Board Chair Email
Board Members
Board Members
Dianne Anderson Re/MAX Plantinum Realty
Lisa Bristow CPACS&L CPAs
Dominic DiMaio Synovus Bank CEO
Michael Fuller Northwestern Mutual Investment Services
Cassandra Holmes SCF Foundation-Executive Director
Robert Klingbeil Esq.Klingbeil & Roberts, PA
Dorothy Korszen Esq.Farr Law Firm
Cathy Kuhlman Turbine Weld
Lois Lucek Retired Teacher
Jennifer Michell Community Volunteer
Mark Morin Retired IBM Executive
Barbara Najmy Michael Saunders & Co
Dr. Carol Probstfeld SCF-President
Christopher Romine Northern Trust
Victoria Stultz Premier Sotheby's International Realty
Pamela Swain Community Volunteer
Constituency Includes Client Representation Yes
Board Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Gender
Male 5
Female 11
Unspecified 0
Board Term Lengths 3
Board Term Limits 3
Board Orientation Yes
Number of Full Board Meetings Annually 6
Board Meeting Attendance % 87
Board Self-Evaluation Yes
Written Board Selection Criteria No
Board Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 100
% of Board Making In-Kind Contributions 6
Standing Committees
Board Governance
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Governance Comments by Organization
The Governance committee continues to research and identify potential board candidates, recognizing the continued importance of board diversification. It is difficult to diversify with the need to represent our four geographical areas - Bradenton, Lakewood Ranch, Sarasota and Venice, with limited board positions. We continue to update Board of Directors policies & procedures and our working on a succession plan policy to address, in particular, the Executive Director's position.
Fiscal Year Projections
Fiscal Year Start Month Oct
Fiscal Year Start Day 01
Fiscal Year Begins 2017
Fiscal Year End Month Sept
Fiscal Year End Day 30
Fiscal Year Ends 2018
Projected Revenue $4,184,000.00
Projected Expenses $4,184,000.00
Total Projected Revenue includes "in-kind" contributions/ donations No
Organization has Endowment Yes
Endowment Value $61,228,363.00
Endowment Spending Policy Percentage
Capital Campaign
Currently In a Capital Campaign Yes
Anticipate Campaign within 5 years? Yes
Campaign Purpose Studio of Performing Arts = $3,500,000. Library/Learning Center = $1,000,000. Health & Human Performance Center = $6,000,000.
Campaign Goal $10,000,000.00
Campaign Dates Oct 2014 to Sept 2019
Amount Raised To Date 2500000 as of July 2016
IRS Form 990s
Form 9902009
Form 9902008
Audit/Financial Documents
Historical Financial Review
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201720162015
Foundation and
Corporation Contributions
Government Contributions$0$34,426$30,999
Individual Contributions$2,383,053$1,860,687$1,972,344
Investment Income, Net of Losses$2,242,161$1,947,324$4,668,166
Membership Dues$0$0$0
Special Events$222,030$171,678$151,882
Revenue In-Kind$0$0$0
Expense Allocation
Fiscal Year201720162015
Program Expense$3,179,364$2,416,687$2,224,989
Administration Expense$624,340$322,511$312,507
Fundraising Expense$104,746$151,399$150,580
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.401.402.55
Program Expense/Total Expenses81%84%83%
Fundraising Expense/Contributed Revenue4%7%7%
Assets and Liabilities
Fiscal Year201720162015
Total Assets$61,009,485$54,172,362$50,509,319
Current Assets$58,277,554$51,571,310$47,978,046
Long-Term Liabilities$111,738$61,994$160,475
Current Liabilities$90,159$95,704$84,659
Total Net Assets$60,807,588$54,014,664$50,264,185
Top Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar AmountContributions, gifts, grants $2,383,053Investment Income $1,947,324Investment Income $4,668,166
Second Highest Funding Source & Dollar AmountInvestment Income $2,242,161Contributions, gifts, grants $1,860,687Contributions, gifts, grants $1,972,344
Third Highest Funding Source & Dollar AmountOther $627,533Fundraising $171,678Fundraising $151,882
CEO/Executive Director Compensation $100,001 - $125,000
Tax Credits No
Short Term Solvency
Fiscal Year201720162015
Current Ratio: Current Assets/Current Liabilities646.39538.86566.72
Long Term Solvency
Fiscal Year201720162015
Long-Term Liabilities/Total Assets0%0%0%
Financials Comments
Financial Comments by Organization Focus on expanding (and increasing) multiple revenue channels and expanding individual giving is a SCF Foundation Board priority.  In addition to, "educating" prospective donors and donors as to "why" capital fundraising is vitally necessary for SCF's high quality & credentialed Music (Performing Arts) and Athletics programs.  (There is no PECO (Public Education Capital Outlay) dollars available.) 
Financial Comments by Foundation Financial information taken from IRS Form 990s and audit documents.  Individual contributions include foundation and corporate support.  Federal tax returns and audited financial statements reconcile.
Nonprofit State College of Florida Foundation, Inc.
Address 5840 26th St W
Bradenton, FL 34206
Phone 941 752-5390