Treasure Cay Community Foundation Inc
- Assets
- $2.1m
- Revenue
- $198.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 11/2004
- Data as of
- 06/2021
- EIN
- 20-1411118
Organization Overview
Treasure Cay Community Foundation Inc is located in Sarasota, FL. The organization was established in 2004. According to its NTEE Classification (T31) the organization is classified as: Community 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. Treasure Cay Community 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 06/2021, Treasure Cay Community Foundation Inc generated $198.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $293.6k during the year ending 06/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS TREASURE CAY'S CHARITABLE ORGANIZATION'S FUNDRAISING EFFORT BY PROVIDING DONORS WITH AN EFFICIENT MEANS TO PROVIDE SUPPORT TO VARIOUS CAUSES SUCH AS THE LIBRARY, CHURCH, FIRE RESCUE, MEDICAL CLINIC, ETC. IN ADDITION, THE FOUNDATION ACCEPTS DONATIONS AND PROVIDES GRANTS TO SUPPORT DISASTER RELIEF EFFORTS FOR BAHAMIAN RESIDENTS IMPACTED BY FIRES, HURRICANES, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORBETT ENDOWMENT FUND PROVIDES FUNDING FOR THE CORBETT MEDICAL CENTRE THAT SERVES TREASURE CAY AND THE SURROUNDING COMMUNITY. THE MEDICAL CENTRE CONTINUED TO PROVIDE EMERGENCY MEDICAL ASSISTANCE IN THE AFTERMATH OF DORIAN AND THE ADDED ISSUES PRESENTED BY COVID19.
BAHAMAS EMERGENCY WATER PROJECT - IN CONJUNCTION WITH CANADA GIVES, A CANADIAN REGISTERED CHARITY, THE FOUNDATION HAS INSTALLED AN ATMOSPHERIC WATER GENERATOR IN TREASURE CAY, ABACO TO PROVIDE SAFE DRINKING WATER FOR THE BAHAMIAN AND HAITIAN LOCAL RESIDENTS. NO SAFE POTABLE WATER IS CURRENTLY AVAILABLE TO THIS COMMUNITY.
IN CONJUNCTION WITH THE JOHN F. MACDONALD FOUNDATION, A 501(3)(C) THE FOUNDATION FACILITATED THE PURCHASE OF X-RAY EQUIPMENT FOR THE CORBETT MEDICAL CENTRE WHICH SERVES THE LOCAL RESIDENTS IN TREASURE CAY, ABACO, BAHAMAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Strimbu Vice Chairman | Officer | 7 | $0 |
Barton Tretheway Chairman | Officer | 7 | $0 |
Valerie Taylor Treasurer | Officer | 7 | $0 |
Rhonda Mccollough Secretary | Officer | 4 | $0 |
Kim Kertland Director | Trustee | 1 | $0 |
Shawn Fay Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,699 |
| Investment income | $64,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $291,344 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $293,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,687 |
| Savings and temporary cash investments | $460,652 |
| Pledges and grants receivable | $62,990 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,359,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,064,987 |
| Accounts payable and accrued expenses | $13,881 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $103,609 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $117,490 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,947,497 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Treasure Cay Community Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Rich Foundation Nashville, TN PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,021,886 |
| Earnings | $441,404 |
| Other Expense | $103,633 |
| Ending Balance | $1,359,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |