Gulf Coast State College Foundation Inc

Organization Overview

Gulf Coast State College Foundation Inc is located in Panama City, FL. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Gulf Coast State College Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast State College 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 State College Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 10.8% 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 2019, Gulf Coast State College Foundation Inc has awarded 18 individual grants totaling $4,047,204. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE A SCHOLARSHIP PROGRAM PROVIDING EDUCATIONAL OPPORTUNITIES TO DESERVING STUDENTS AND TO ENHANCE THE EDUCATIONAL PROGRAMS AND STUDENT SERVICES AVAILABLE AT GULF COAST STATE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CULINARY PROGRAM - TO FUND SCHOLARSHIPS FOR CULINARY PROGRAM STUDENTS AND TO OFFER PROGRAM SUPPORT TO ASSIST THE CULINARY PROGRAM.


HONORS PLAZA TECHNOLOGY - TO FUND TECHNOLOGY PURCHASES AND UPGRADES FOR THE COLLEGE, INCLUDING SOFTWARE UPGRADES AND SUPPORT FOR THE FOUNDATION.


SCHOLARSHIPS PROGRAM - TO FUND AND PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE COLLEGE.


OTHER PROGRAMS INCLUDE: VISUAL AND PERFORMING ARTS, KIDS COLLEGE, EDUCATIONAL ASSISTANCE, AND MILITARY PARK.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Sean Preston
Executive Di
$150,990
Tony Bennett
Past Preside
$0
Aj Bacon
Vice Preside
$0
Trey Hutt
President
$0
Jerry Sowell Jr
Treasurer
$0
Caroline Windham
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,530
Fundraising events$1,291,568
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,654,804
Noncash contributions included in lines 1a–1f $22,673
Total Revenue from Contributions, Gifts, Grants & Similar$3,947,902
Total Program Service Revenue$0
Investment income $1,036,379
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $139,269
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,181,722

Grants Awarded

Over the last fiscal year, Gulf Coast State College Foundation Inc has awarded $2,562,609 in support to 3 organizations.

Grant RecipientAmount

GULF COAST STATE COLLEGE

Org PageRecipient Profile

Panama City, FL

PURPOSE: SCHOLARSHIPS

$2,122,223

GULF COAST STATE COLLEGE

Org PageRecipient Profile

Panama City, FL

PURPOSE: EDUCATIONAL PROGRAMS

$256,158

GULF COAST STATE COLLEGE

Org PageRecipient Profile

Panama City, FL

PURPOSE: EDUCATIONAL PROGRAMS

$184,228
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Gulf Coast State College Foundation Inc has recieved totaling $2,841,189.

Awarding OrganizationAmount
Gulf Coast State College Foundation Inc

Panama City, FL

PURPOSE: SCHOLARSHIPS

$2,122,223
Gulf Coast State College Foundation Inc

Panama City, FL

PURPOSE: EDUCATIONAL PROGRAMS

$256,158
Gulf Coast State College Foundation Inc

Panama City, FL

PURPOSE: EDUCATIONAL PROGRAMS

$184,228
Community Foundation Of Sarasota County Inc

Sarasota, FL

PURPOSE: SCHOLARSHIP SUPPORT

$100,000
The St Joe Community Foundation Inc

Panama City Beach, FL

PURPOSE: EDUCATION; COMMUNITY OUTREACH

$58,000
Gulf Power Foundation Inc

Pensacola, FL

PURPOSE: THANKS A MILLION VETERANS FUND

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,630,647
Earnings-$1,979,186
Admin Expense$341,371
Net Contributions$1,098,352
Other Expense$309,831
Grants$708,800
Ending Balance$15,389,811

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