Mote Scientific Foundation Inc is located in Sarasota, FL. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mote Scientific Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Mote Scientific Foundation Inc generated $91.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.7%) each year. All expenses for the organization totaled $987.5k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mote Scientific Foundation Inc has awarded 115 individual grants totaling $2,508,865. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Pete Hull President | 0 | $40,000 | |
Helen Pratt Treasurer | 0 | $40,000 | |
Bill Galvano Secretary | 0 | $40,000 | |
Bill Ritchie Trustee | 0 | $40,000 | |
Dr Kumar Mahadevan Trustee | 0 | $40,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $260,238 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$169,003 |
Capital Gain Net Income | $39,488 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $91,235 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $200,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $96,835 |
Taxes | $6,862 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $14,602 |
Total operating and administrative expenses | $416,692 |
Contributions, gifts, grants paid | $570,808 |
Total expenses and disbursements | $987,500 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $189,988 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $273,129 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | -$239,904 |
Total assets | $10,157,132 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $3,000,000 |
Total liabilities | $3,000,000 |
Over the last fiscal year, Mote Scientific Foundation Inc has awarded $570,808 in support to 25 organizations.
Grant Recipient | Amount |
---|---|
Brookfield, IL PURPOSE: GENERAL | $101,655 |
Sarasota, FL PURPOSE: GENERAL | $95,264 |
Sacramento, CA PURPOSE: GENERAL | $60,000 |
FLORIDA OCEAN ALLIANCE PURPOSE: GENERAL | $30,000 |
Sarasota, FL PURPOSE: GENERAL | $30,000 |
MANATEE EDUCATION FOUNDATION PURPOSE: GENERAL | $25,000 |
Over the last fiscal year, we have identified 1 grants that Mote Scientific Foundation Inc has recieved totaling $2,000.
Awarding Organization | Amount |
---|---|
Donald T Regan Charitable Foundation Inc Sarasota, FL PURPOSE: DAILY OPERATIONS | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |