Community Foundation Of Sarasota County Inc

Organization Overview

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 06/2023, Community Foundation Of Sarasota County Inc employed 45 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 5,165 individual grants totaling $239,315,235. 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

COMMUNITY IMPACT POWERED BY PHILANTHROPY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, SUPPORTING CONSULTING SERVICES, AND OTHER CAPACITY-BUILDING BENEFITS. ADDITIONALLY, OUR ONGOING GRANT OPPORTUNITIES PROVIDE SUPPORT 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 IMMEDIATE, 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. TO ADDRESS LONG-TERM NEEDS REVEALED THROUGH EMERGENCIES, OUR SUNCOCAST DISASTER RECOVERY FUND SUPPORTS EFFORTS TO IMPROVE INDIVIDUAL, FAMILY, AND COMMUNITY RESILIENCY. ADDITIONALLY, OUR EXTENSIVE WORK IN EDUCATION LEVERAGES NATIONAL RESEARCH AND INITIATIVES SUCH AS THE CAMPAIGN FOR GRADE-LEVEL READING, THE REGIONAL COLLABORATIVE PARTNERSHIP OF EDEXPLORESRQ, AND THE STRAUSS LITERACY INITIATIVE LED BY THE COMMUNITY FOUNDATION. 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 EFFORT 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. THE SCOPE OF WORK IN THIS AREA EXTENDED IN 2023 TO A COMMUNITY LEADERSHIP ROLE TO BRING ATTENTION TO KEY ISSUES REVEALED THROUGH OUR PUBLICLY-AVAILABLE COMMUNITY INDICATORS DASHBOARD.


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Board, Officers & Key Employees

Name (title)Compensation
Cj Fishman
Director
$0
Paul Hudson
Director
$0
John Humphrey
Director
$0
Donna Koffman
Director
$0
Dr Rodney Linford
Director
$0
Kelvin Lumpkin
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northern Trust
Investment Management
$181,368
Rbc
Investment Management
$176,191
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Community Foundation Of Sarasota County Inc has awarded $31,570,693 in support to 466 organizations.

Grant RecipientAmount

ADVENTURE FOR ALL CORPORATION

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$12,500

AGASSIZ VILLAGE

PURPOSE: GENERAL SUPPORT

$12,781

ALL FAITHS FOOD BANK INC

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$349,978

ALL STAR CHILDREN'S FOUNDATION

PURPOSE: GENERAL SUPPORT

$6,275

ALSO FOR GAY YOUTH INC

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$61,662

ALTA VISTA ELEMENTARY SCHOOL

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$39,210
View Grant Profile

Peer Organizations

Organization NameAssets
The Community Foundation For Northeast Florida Inc
Jacksonville, FL
$104,313,293
Community Foundation Of Tampa Bay Inc
Tampa, FL
$263,193,049
Collier Community Foundation Inc
Naples, FL
$52,218,014
Givewell Community Foundation Inc
Lakeland, FL
$43,152,741
Community Foundation Of Sarasota County Inc
Sarasota, FL
$71,031,554
Gulf Coast Community Foundation Inc
Venice, FL
$51,082,837
The Community Foundation Of Greater Birmingham
Birmingham, AL
$48,186,297
Community Foundation Of Broward Inc
Fort Lauderdale, FL
$24,206,113
Community Foundation Of The Chattahoochee Valley Inc
Columbus, GA
$29,877,478
Indian River Community Foundation
Vero Beach, FL
$13,546,324
Community Foundation For Palm Beach & Martin Counties Inc
West Palm Beach, FL
$29,612,714
Southwest Florida Community Foundation Inc
Fort Myers, FL
$21,592,217
Community Foundation Of Greater Huntsville
Huntsville, AL
$17,823,410
The Community Foundation For The Csra
Augusta, GA
$19,377,290
North Georgia Community Foundation
Gainesville, GA
$21,735,189
Pinellas Community Foundation
Clearwater, FL
$13,935,105
Community Foundation For Northeast Georgia Inc
Duluth, GA
$10,205,373
Central Florida Foundation Inc
Orlando, FL
$9,187,304
Black Belt Community Foundation Inc
Selma, AL
$16,134,472
Community Foundation Of Central Georgia Inc
Macon, GA
$11,032,103
Broward College Foundation Inc
Fort Lauderdale, FL
$14,539,033
Purpose Built Communities Foundation Inc
Atlanta, GA
$5,772,502
Community Foundation Of South Georgia Inc
Thomasville, GA
$12,478,316
Community Foundation Of South Alabama
Mobile, AL
$9,156,197
Citrus Reserach And Field Trial Foundation Inc
Bartow, FL
$8,441,225

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