Pinellas Community Foundation
- Assets
- $140.8m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Clearwater, FL
- Founding
- 05/1971
- Data as of
- 12/2023
- EIN
- 23-7113194
Organization Overview
Pinellas Community Foundation is located in Clearwater, FL. The organization was established in 1971. 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. As of 12/2023, Pinellas Community Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinellas Community Foundation 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, Pinellas Community Foundation generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $12.7m during the year ending 12/2023. While expenses have increased by 17.6% per year over the past 9 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 2014, Pinellas Community Foundation has awarded 1,272 individual grants totaling $58,142,705. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY BY BRINGING TOGETHER PHILANTHROPY AND SOLUTIONS TO LOCAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINELLAS COMMUNITY FOUNDATION (PCF) IS DEDICATED TO ENHANCING QUALITY OF LIFE FOR ALL PINELLAS COUNTY RESIDENTS BY ADDRESSING CRITICAL COMMUNITY CHALLENGES IN HUMAN SERVICES, ENVIRONMENTAL HEALTH, AND EDUCATION, WHILE FOSTERING A VIBRANT ARTS AND CULTURE SECTOR. IN PARTNERSHIP WITH OUR GENEROUS DONORS, PCF AWARDED GRANTS TO 257 CHARITABLE ORGANIZATIONS IN 2023, SUPPORTING INITIATIVES THAT STRENGTHEN OUR COMMUNITY'S RESILIENCE AND WELL-BEING. OUR GRANTS ADDRESS KEY ISSUES SUCH AS FOOD SECURITY, HOUSING STABILITY, HEALTHCARE ACCESS, ARTS EDUCATION, AND EDUCATIONAL SUPPORT. AS A COMMUNITY LEADER, PCF WORKS COLLABORATIVELY TO IDENTIFY, ADDRESS, AND MONITOR EMERGING NEEDS AND CHALLENGES. BY ALIGNING RESOURCES WITH STRATEGIC SOLUTIONS, PCF REMAINS A TRUSTED PARTNER IN ADVANCING IMPACTFUL, LOCALLY- FOCUSED PHILANTHROPY. IN ADDITION, PCF ASSISTS DONORS IN CREATING SCHOLARSHIP FUNDS TO SUPPORT THE EDUCATION AND ADVANCEMENT OF STUDENTS IN OUR COMMUNITY. THROUGH THESE FUNDS, PCF ADMINISTERS AND DISTRIBUTES SCHOLARSHIPS THAT EMPOWER STUDENTS TO PURSUE HIGHER EDUCATION AND VOCATIONAL TRAINING, HELPING TO BUILD A BRIGHTER FUTURE FOR PINELLAS COUNTY. OUR TEAM WORKS CLOSELY WITH DONORS TO DESIGN SCHOLARSHIPS THAT REFLECT THEIR GOALS, ENSURING THAT EACH AWARD HAS A MEANINGFUL IMPACT ON THE LIVES OF STUDENTS AND THE BROADER COMMUNITY. PCF FURTHER HELPS DONORS MAXIMIZE THEIR IMPACT THROUGH TAILORED CHARITABLE GIVING OPTIONS, INCLUDING DONOR-ADVISED FUNDS AND OTHER PHILANTHROPIC PLANNING TOOLS. IN 2023, DONORS PARTNERED WITH PCF TO DIRECT 167 GRANTS TO ORGANIZATIONS THROUGH DONOR-ADVISED FUNDS, SUPPORTING A RANGE OF NEEDS ALIGNED WITH THEIR VALUES AND INTERESTS. PCF'S TEAM PROVIDES EXPERTISE AND GUIDANCE TO ENSURE THAT EACH GIFT ADDRESSES MEANINGFUL COMMUNITY NEEDS. BY SIMPLIFYING AND STREAMLINING THE GIVING PROCESS, PCF EMPOWERS DONORS TO MAKE A LASTING, POSITIVE IMPACT ON THE CAUSES THEY CARE ABOUT MOST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duggan Cooley Cfre CEO / Secret | Officer | 40 | $245,000 |
Bo Brault CPA Board Member | Trustee | 1 | $0 |
Robin Davidov Board Member | Trustee | 1 | $0 |
Erica Smith Roodhouse ESQ Board Member | Trustee | 1 | $0 |
Judge Myriam Irizarry Chair | OfficerTrustee | 1 | $0 |
Marion Rich Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,755,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,378,647 |
| Noncash contributions included in lines 1a–1f | $456,284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,134,031 |
| Total Program Service Revenue | $0 |
| Investment income | $3,736,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,044,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,935,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,048,251 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,000 |
| Compensation of current officers, directors, key employees. | $12,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,576 |
| Payroll taxes | $62,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,135 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $600,210 |
| Fees for services: Other | $631,096 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $56,628 |
| Royalties | $0 |
| Occupancy | $98,822 |
| Travel | $9,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,093 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,268 |
| All other expenses | $11,073 |
| Total functional expenses | $12,650,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,500 |
| Savings and temporary cash investments | $6,981,588 |
| Pledges and grants receivable | $991,500 |
| Accounts receivable, net | $1,287,766 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $125,942,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,572,255 |
| Total assets | $140,779,030 |
| Accounts payable and accrued expenses | $30,975 |
| Grants payable | $131,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $7,155,329 |
| Total liabilities | $7,317,304 |
| Net assets without donor restrictions | $32,485,071 |
| Net assets with donor restrictions | $100,976,655 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $140,779,030 |
Grants Awarded
Over the last fiscal year, Pinellas Community Foundation has awarded $9,664,448 in support to 177 organizations.
| Grant Recipient | Amount |
|---|---|
A DOOR OF HOPE PURPOSE: YOUTH/FAMILIES | $10,000 |
360 EATS PURPOSE: FOOD | $15,000 |
A KIDS PLACE OF TAMPA BAY PURPOSE: YOUTH/FAMILIES | $25,000 |
AT STILL UNIVERSITY PURPOSE: EDUCATION | $10,000 |
ADULT LUTHERANS ORGANIZED FOR ACTIO PURPOSE: YOUTH/FAMILIES | $16,500 |
ADVANTAGE VILLAGE ACADEMY PURPOSE: FOOD | $86,011 |