Gulf Coast Community Foundation Inc
- Assets
- $36.0m
- Revenue
- $3.4m
- Investments
- $23.2m
- Employees
- 12
- Location
- Gulfport, MS
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 57-0908490
Organization Overview
Gulf Coast Community Foundation Inc is located in Gulfport, MS. The organization was established in 1990. 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 06/2022, Gulf Coast Community Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast 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 06/2022, Gulf Coast Community Foundation Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 11.0% 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.
Since 2015, Gulf Coast Community Foundation Inc has awarded 461 individual grants totaling $17,095,058. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION WHICH GRANTS FUNDS TO OTHER CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF CONTRIBUTED FUNDS FOR THE BENEFIT OF THE MISSISSIPPI GULF COAST, IN SUPPORT OF PROGRAMS IN THE AREAS OF EDUCATION, THE ARTS, SOCIAL WELFARE AND SPECIAL PROJECTS CONSISTENT WITH DONOR INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Guichet Director | Trustee | 0.5 | $108,150 |
Rufus Smith Director | OfficerTrustee | 0.5 | $0 |
Rodger Wilder President | Officer | 40 | $0 |
Raymunda Barnes Director | Trustee | 0.5 | $0 |
Ron Barnes Director | Trustee | 0.5 | $0 |
Greg Cronin Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,565,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,565,908 |
| Total Program Service Revenue | $0 |
| Investment income | $802,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,013,429 |
| Net Income from Fundraising Events | -$4,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,389,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,927,433 |
| Grants and other assistance to domestic individuals. | $568,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,799 |
| Payroll taxes | $38,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,469 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,270 |
| Fees for services: Other | $102,762 |
| Advertising and promotion | $0 |
| Office expenses | $21,004 |
| Information technology | $50,735 |
| Royalties | $0 |
| Occupancy | $28,797 |
| Travel | $13,712 |
| 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 | $5,752 |
| Insurance | $9,331 |
| All other expenses | $0 |
| Total functional expenses | $5,513,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,708,606 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,169 |
| 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 | $12,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,235,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,964,703 |
| Accounts payable and accrued expenses | $33,812 |
| Grants payable | $174,697 |
| 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 | $5,752,269 |
| Total liabilities | $5,960,778 |
| Net assets without donor restrictions | $14,542,545 |
| Net assets with donor restrictions | $15,461,380 |
| 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 | $35,964,703 |
Grants Awarded
Over the last fiscal year, Gulf Coast Community Foundation Inc has awarded $2,081,148 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
LAUDERDALE COUNTY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $245,000 |
PICAYUNE SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $221,255 |
PEARL RIVER COUNTY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $182,305 |
Bay Saint Louis, MS PURPOSE: GENERAL SUPPORT | $176,598 |
Theodore, AL PURPOSE: GENERAL SUPPORT | $141,924 |
PERRY COUNTY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $101,227 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gulf Coast Community Foundation Inc has recieved totaling $55,289.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $25,000 |
United Way Of South Mississippi Inc Gulfport, MS PURPOSE: HURRICANE IDA RELIEF | $15,233 |
C Spire Wireless Foundation Ridgeland, MS PURPOSE: PATHWAYS 2 POSSIBILITIES | $10,000 |
Wood Family Foundation Chicago, IL PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Endowment Analysis
| Beg. Balance | $17,087,498 |
| Earnings | $40,560 |
| Net Contributions | $765,663 |
| Other Expense | -$1,074,037 |
| Ending Balance | $16,819,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
Black Belt Community Foundation Inc Selma, AL | $7,710,786 | $9,571,772 |
Regions Foundation Birmingham, AL | $110,509,488 | $11,829,710 |
Central Alabama Community Foundation Inc Montgomery, AL | $93,881,610 | $11,219,091 |
Community Foundation Of Greater Huntsville Huntsville, AL | $48,014,878 | $14,690,741 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS | $38,392,407 | $12,270,010 |
Gulf Coast Community Foundation Inc Gulfport, MS | $35,964,703 | $3,389,932 |