Emerald Coast Foundation Inc
- Assets
- $31.6k
- Revenue
- $155.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Walton Beach, FL
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 55-0796930
Organization Overview
Emerald Coast Foundation Inc is located in Fort Walton Beach, FL. The organization was established in 2003. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Emerald Coast 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 12/2021, Emerald Coast Foundation Inc generated $155.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $161.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Emerald Coast Foundation Inc has awarded 35 individual grants totaling $945,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE EMERALD COAST FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO RAISE FUNDS TO DISTRIBUTE TO OTHER 501(C)(3) ORGANIZATIONS OR ANY OTHER PUBLIC, TAX EXEMPT ORGANIZATIONS. FUND RAISING EFFORTS INVOLVE COORDINATING CHARITABLE FUND RAISING ACTIVITIES AND IDENTIFYING AND SECURING CORPORATE SPONSORSHIPS FOR THE ACTIVITIES AND CHARITABLE ORGANIZATIONS TARGETED, PRIMARILY FOCUSING ITS EFFORTS ON EXISTING YOUTH CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMERALD COAST FOUNDATION ORGANIZED AND PERFORMED COMMUNITY FUNDRAISING EVENTS, INCLUDING THE POKER RUN. THE FUNDS RAISED AT THESE EVENTS WERE DISTRIBUTED TO THE 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Nabors Treasurer | OfficerTrustee | 0.3 | $900 |
Margaret King President | OfficerTrustee | 0.3 | $0 |
Chris Daggs Chair-Elect | OfficerTrustee | 0.3 | $0 |
Donna Tashik Immediate Past President | Trustee | 0.3 | $0 |
Shaun Ritter Safety Chair | Trustee | 0.3 | $0 |
Tammy Magee Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,104 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,382 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $900 |
| Compensation of current officers, directors, key employees. | $900 |
| 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 | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,333 |
| Office expenses | $1,958 |
| Information technology | $3,779 |
| Royalties | $0 |
| Occupancy | $3,091 |
| 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 | $1,135 |
| All other expenses | $0 |
| Total functional expenses | $161,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,628 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $248 |
| Total liabilities | $248 |
| Net assets without donor restrictions | $31,380 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,628 |
Grants Awarded
Over the last fiscal year, Emerald Coast Foundation Inc has awarded $140,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Walton Beach, FL PURPOSE: TO PROVIDE FUNDS TO NON-PROFIT ORGANIZATION | $35,000 |
Fort Walton Beach, FL PURPOSE: TO PROVIDE FUNDS TO NON-PROFIT ORGANIZATION | $35,000 |
Fort Walton Beach, FL PURPOSE: TO PROVIDE FUNDS TO NON-PROFIT ORGANIZATION | $35,000 |
Fort Walton Beach, FL PURPOSE: TO PROVIDE FUNDS TO NON-PROFIT ORGANIZATION | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Emerald Coast Foundation Inc has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |