Foundation For The First Presbyterian Church Of Sarasota In
- Assets
- $1.4m
- Revenue
- $45.6k
- Investments
- $693.3k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3937481
Organization Overview
Foundation For The First Presbyterian Church Of Sarasota In is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The First Presbyterian Church Of Sarasota In 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 12/2021, Foundation For The First Presbyterian Church Of Sarasota In generated $45.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $61.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER IN AN ORDERLY AND EFFICIENT MANNER, GIFTS AND DONATIONS OF FUNDS AND PROPERTY MADE TO SUPPORT THE MISSION OF THE FIRST PRESBYTERIAN CHURCH OF SARASOTA, INC. IN ACCORDANCE WITH THE DONORS WISHES AS PERMITTED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY MANAGES THE SIGNIFICANT GIFTS AS WELL AS THE PERPETUITOUS GIFTS MADE TO THE FIRST PRESBYTERIAN CHURCH OF SARASOTA, INC.IN ADDITION, THE ENTITY OVERSEES THE FUNDRAISING EFFORTS IN SUPPORT OF THE CHURCH'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Paul Treasurer | 2 | $0 | |
Beth Byron-Reasoner Director | 1 | $0 | |
Richard D Saba Director | 1 | $0 | |
Elizabeth Marshall President | 1 | $0 | |
Michelle Young Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,185 |
| Interest on Savings | $93 |
| Dividends & Interest | $7,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,485 |
| Capital Gain Net Income | $12,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,530 |
| Total operating and administrative expenses | $1,530 |
| Contributions, gifts, grants paid | $60,359 |
| Total expenses and disbursements | $61,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $674,117 |
| 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 | $693,308 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,367,425 |
| 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 Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For The First Presbyterian Church Of Sarasota In has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: CIVIC | $6,000 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: CIVIC | $6,000 |
Endowment Analysis
| Beg. Balance | $1,384,239 |
| Earnings | $325,654 |
| Net Contributions | $100 |
| Other Expense | $22,591 |
| Ending Balance | $1,687,402 |
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|---|---|---|
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