Community Foundation Of Sarasota County Inc is located in Sarasota, FL. The organization was established in 1980. 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, Community Foundation Of Sarasota County Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Sarasota County 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, Community Foundation Of Sarasota County Inc generated $71.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $51.7m during the year ending 06/2022. While expenses have increased by 8.6% 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, Community Foundation Of Sarasota County Inc has awarded 5,521 individual grants totaling $249,787,781. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY IMPACT POWERED BY PHILANTHROPY.
Describe the Organization's Program Activity:
I) IN PARTNERSHIP WITH DONORS WHO BELIEVE THEY CAN BE THE ONE TO MAKE A DIFFERENCE, GRANTS WERE MADE TO ORGANIZATIONS SUPPORTING THE FULL SPECTRUM OF CHARITABLE MISSIONS TO IMPROVE OUR COMMUNITY BY MEETING BASIC NEEDS, EXPANDING OPPORTUNITIES AND CULTURAL ENRICHMENT. SPECIFIC CAUSES FUNDED INCLUDE ANIMAL WELFARE, THE ARTS, HEALTH, HUMAN SERVICES, EDUCATION, ENVIRONMENTAL PROTECTION, CIVIC ENGAGEMENT, YOUTH DEVELOPMENT, AND OTHER AREAS. OUR SUPPORT OF LOCAL NONPROFITS GOES DEEPER THAN THE MILLIONS IN GRANTS WE AWARD EACH YEAR. OUR TEAM HELPS BUILD THE CAPACITY OF LOCAL ORGANIZATIONS TO ENSURE DONORS' CHARITABLE DOLLARS MAKE AN EVEN BIGGER IMPACT BY OFFERING WORKSHOPS, CONSULTING SERVICES, AND OTHER CAPACITY-BUILDING BENEFITS. ADDITIONALLY, OUR ONGOING GRANT OPPORTUNITIES PROVIDE SUPPORT BOTH UP TO $10,000 AND ABOVE $10,000 TO LOCAL NONPROFIT ORGANIZATIONS TO ADDRESS INNOVATIVE, URGENT AND EMERGENCY NEEDS, SO THAT UNEXPECTED OBSTACLES OR OPPORTUNITIES CAN BE ADDRESSED BY NONPROFITS AS PART OF THE IMPORTANT WORK THEY DO FOR THE COMMUNITY.II) THE COMMUNITY FOUNDATION OF SARASOTA COUNTY BELIEVES THAT ALL WHO WISH TO FURTHER THEIR EDUCATION AND INCREASE FUTURE POTENTIAL FOR SUCCESS SHOULD HAVE AN EQUAL CHANCE TO TAKE ADVANTAGE OF THE OPPORTUNITIES AVAILABLE TO THEM. EACH YEAR, THE COMMUNITY FOUNDATION OF SARASOTA COUNTY AWARDS SCHOLARSHIPS TO A VARIETY OF INDIVIDUALS WHO ARE PURSUING FURTHER EDUCATION.III) EACH YEAR, SIGNIFICANT INVESTMENTS ARE MADE TO THE COMMUNITY FROM THE FUNDS OF DONORS WHO ENSURED SUPPORT OF VARIOUS ORGANIZATIONS AND CAUSES IN PERPETUITY. SUBSTANTIAL TIME, FUNDING, AND STRATEGIES ARE COALESCED TO SUPPORT AN ARRAY OF KEY INITIATIVES SPEARHEADED BY THE COMMUNITY FOUNDATION. WE HAVE DEDICATED OURSELVES TO HELPING THOSE IN NEED IN OUR COMMUNITIES BY PROVIDING TARGETED FINANCIAL ASSISTANCE (PRIMARILY FOR MORTGAGE, RENT AND UTILITIES) TO FAMILIES AND INDIVIDUALS ON THE VERGE OF HOMELESSNESS THROUGH THE SEASON OF SHARING FUND, AS WELL AS SUPPORTING OUR REGION'S YOUTH THROUGH OUR STUDENT EMERGENCY FUND OPERATED IN PARTNERSHIP WITH SARASOTA COUNTY SCHOOLS. ADDITIONALLY, OUR EXTENDED WORK IN EDUCATION LEVERAGES NATIONAL RESEARCH AND INITIATIVES SUCH AS THE CAMPAIGN FOR GRADE-LEVEL READING AND THE REGIONAL COLLABORATIVE PARTNERSHIP OF EDEXPLORESRQ. INSPIRED BY ASCEND AT THE ASPEN INSTITUTE, WE HAVE FOCUSED THESE EFFORTS (AND OTHERS) THROUGH A TWO-GENERATION LENS, WHICH LOOKS TO ADDRESS THE NEEDS OF BOTH VULNERABLE CHILDREN AND THEIR PARENTS TOGETHER IN ORDER TO CREATE A COMMUNITY IN WHICH A LEGACY OF ECONOMIC SECURITY AND EDUCATIONAL SUCCESS PASSES FROM ONE GENERATION TO THE NEXT.THE GIVING PARTNER: IN AN EFFORT TO INCREASE TRANSPARENCY AND ENCOURAGE INFORMED GIVING, THE COMMUNITY FOUNDATION FUNDS AND MAINTAINS A LOCAL ONLINE RESOURCE TO REVIEW NONPROFITS SERVING OUR FOUR-COUNTY REGION. MORE THAN 700 NONPROFITS HAVE PROFILES THAT ARE EASILY ACCESSED BY POTENTIAL FUNDERS, DONORS AND THE PUBLIC AT THEGIVINGPARTNER.ORG. EACH PROFILE SHARES GOVERNANCE, MANAGEMENT, FINANCIAL AND PROGRAMMATIC INFORMATION. THIS PLATFORM IS USED TO ASSESS GRANT FUNDING BY THE COMMUNITY FOUNDATION, OUR DONORS AND OTHER REGIONAL FUNDERS. IT IS ALSO A KEY COMPONENT OF THE REGION'S ONLINE GIVING CAMPAIGN, THE GIVING CHALLENGE, WHICH THE FOUNDATION ORGANIZES FOR THE COMMUNITY ON A ROLLING SCHEDULE. SINCE 2012, DONORS FROM THROUGHOUT OUR REGION HAVE SHOWN THEIR LOVE FOR LOCAL NONPROFIT ORGANIZATIONS BY PROVIDING MORE THAN $75 MILLION IN UNRESTRICTED FUNDING TO SUPPORT THEIR MISSIONS THROUGH EIGHT CHALLENGES TO BENEFIT MORE THAN 700 NONPROFITS LISTED IN THE GIVING PARTNER. IN FALL 2020 WE LAUNCHED A NEW DEPARTMENT TO ANALYZE TRENDS IN COMMUNITY NEEDS PROVIDED THROUGH PUBLIC DATABASES, COMBINED WITH OUR DEEP UNDERSTANDING OF AND THE DATA RESOURCES AVAILABLE THROUGH THE GIVING PARTNER. KNOWN AS THE "KNOWLEDGE & EQUITY" DEPARTMENT, THIS TEAM IS ALSO IDENTIFYING OPERATIONAL NEEDS OF NONPROFIT ORGANIZATIONS TO BETTER SERVE THE COMMUNITY AND WILL ADDRESS THOSE NEEDS THROUGH OUTREACH, TRAININGS, OR OTHER MEANS. THESE SERVICES ARE AN EVOLUTION OF THE FOUNDATION'S LONGSTANDING OFFERINGS OF WORKSHOPS AND CONSULTING SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Roxanne Jerde Ceo/president | Officer | 40 | $322,258 |
Laura Spencer Cfo/cao | Officer | 40 | $217,557 |
Elizabeth Pennewill General Counsel | Officer | 40 | $198,289 |
Mischa Kirby Vp, Strategic Comm. & Marketing | Officer | 40 | $157,371 |
Kirsten Russell Vp, Community Impact | Officer | 40 | $149,717 |
Jay Young Vp, Philanthropy | Officer | 40 | $110,090 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Northern Trust Investment Management | 6/29/22 | $220,925 |
Stripe Credit Card Processing | 6/29/22 | $218,357 |
Rbc Investment Management | 6/29/22 | $209,919 |
Givegab Inc Give Day Platform | 6/29/22 | $135,000 |
Caldwell Trust Investment Management | 6/29/22 | $116,709 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $329,843 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $45,315,938 |
Noncash contributions included in lines 1a–1f | $3,684,972 |
Total Revenue from Contributions, Gifts, Grants & Similar | $45,645,781 |
Total Program Service Revenue | $4,287,979 |
Investment income | $11,143,980 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,953,814 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $71,031,554 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $40,685,750 |
Grants and other assistance to domestic individuals. | $764,479 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,632,993 |
Compensation of current officers, directors, key employees. | $465,426 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,412,666 |
Pension plan accruals and contributions | $66,864 |
Other employee benefits | $227,848 |
Payroll taxes | $196,485 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $51,733 |
Fees for services: Lobbying | $9,150 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $971,090 |
Fees for services: Other | $4,077,463 |
Advertising and promotion | $415,921 |
Office expenses | $83,945 |
Information technology | $94,192 |
Royalties | $0 |
Occupancy | $51,373 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $51,346 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $100,618 |
Insurance | $52,658 |
All other expenses | $0 |
Total functional expenses | $51,746,037 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,366,330 |
Savings and temporary cash investments | $10,034,346 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $79,545 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $859,033 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $69,231 |
Net Land, buildings, and equipment | $2,166,128 |
Investments—publicly traded securities | $342,049,767 |
Investments—other securities | $3,855,491 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $23,313,979 |
Total assets | $386,793,850 |
Accounts payable and accrued expenses | $289,603 |
Grants payable | $2,879,404 |
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 | $36,745,998 |
Total liabilities | $39,915,005 |
Net assets without donor restrictions | $311,955,363 |
Net assets with donor restrictions | $34,923,482 |
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 | $386,793,850 |
Over the last fiscal year, Community Foundation Of Sarasota County Inc has awarded $39,283,477 in support to 799 organizations.
Grant Recipient | Amount |
---|---|
Sarasota, FL PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT, SCHOLARSHIP SUPPORT | $1,701,981 |
Sarasota, FL PURPOSE: EMERGENCY ASSISTANCE, GENERAL SUPPORT, PROGRAM SUPPORT | $1,553,061 |
Sarasota, FL PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT | $1,430,143 |
San Francisco, CA PURPOSE: PROGRAM SUPPORT | $1,000,000 |
Bradenton, FL PURPOSE: EMERGENCY ASSISTANCE, GENERAL SUPPORT, PROGRAM SUPPORT | $892,058 |
Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $708,816 |
Over the last fiscal year, we have identified 6 grants that Community Foundation Of Sarasota County Inc has recieved totaling $78,363.
Awarding Organization | Amount |
---|---|
The@robert A Buzzelli Charitable Foundation Inc Ft Mitchell, KY PURPOSE: GENERAL OPERATIONS | $40,000 |
Reuben B Resnik And Helga M Resnik Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $28,000 |
John H & Robin E Sullivan Charitable Foundation Sarasota, FL PURPOSE: CHARITABLE | $5,000 |
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: FAMILY SERVICES | $3,000 |
Swift Family Foundation Inc Sarasota, FL PURPOSE: UNRESTRICTED CHARITABLE DONATION | $2,163 |
Robinson Foundation Evanston, IL PURPOSE: ANNUAL FUND | $200 |
Beg. Balance | $290,848,982 |
Earnings | -$33,687,712 |
Admin Expense | $3,385,067 |
Net Contributions | $12,267,213 |
Grants | $11,228,288 |
Ending Balance | $254,815,128 |
Organization Name | Assets | Revenue |
---|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |