Vernon G & Sandra J C Buchanan Family Foundation Inc
- Assets
- $1.4m
- Revenue
- $533.1k
- Investments
- $520.5k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 20-3963153
Organization Overview
Vernon G & Sandra J C Buchanan Family Foundation Inc is located in Sarasota, FL. The organization was established in 2006. 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. Vernon G & Sandra J C Buchanan Family 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 12/2023, Vernon G & Sandra J C Buchanan Family Foundation Inc generated $533.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $110.5k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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.
Since 2016, Vernon G & Sandra J C Buchanan Family Foundation Inc has awarded 139 individual grants totaling $696,450. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon G Buchanan President | 4 | $0 | |
Sandra J C Buchanan CEO | 10 | $0 | |
James V Buchanan Treasurer | 4 | $0 | |
Matthew D Buchanan Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,154 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $533,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,984 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $110,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $876,140 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,396,689 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Vernon G & Sandra J C Buchanan Family Foundation Inc has awarded $87,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOGGY CREEK GANG INC PURPOSE: GENERAL SUPPORT | $5,000 |
FLORIDA HOUSE ON CAPITOL HILL PURPOSE: GENERAL SUPPORT | $2,500 |
GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION PURPOSE: YOUTH LEADERSHIP | $2,000 |
LIGHT OF THE WORLD INTERNATIONAL CHURCH PURPOSE: SCHOLARSHIP FUND | $1,500 |
HELP TO HOME PURPOSE: GENERAL SUPPORT | $5,000 |
MARIE SELBY BOTANICAL GARDENS INC PURPOSE: GENERAL SUPPORT | $15,000 |