Pines Of Sarasota Foundation Inc

Organization Overview

Pines Of Sarasota Foundation Inc is located in Sarasota, FL. The organization was established in 1990. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Pines Of Sarasota Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pines Of Sarasota 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 12/2023, Pines Of Sarasota Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT TO THE PINES OF SARASOTA, INC., A NOT-FOR-PROFIT PROVIDER OF SKILLED NURSING SERVICES FOR INDIVIDUALS IN SARASOTA COUNTY WHO HAVE LIMITED FINANCIAL RESOURCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING THE COMFORT, SAFETY AND CARE OF OUR RESIDENTS. PINES OF SARASOTA FOUNDATION RAISED FUNDS TO SUPPORT OUR MISSION, WHICH IS TO SUPPORT PINES OF SARASOTA HEALTHCARE, LLC RESIDENTS WHO HAVE OUTLIVED THEIR MEANS. PINES OF SARASOTA FOUNDATION ALSO RAISES FUNDS FOR CAPITAL IMPROVEMENTS TO THE CAMPUS TO ENSURE THAT THE RESIDENTS LIVING FACILITY CONTINUES TO PROVIDE A SAFE AND COMFORTABLE PLACE TO LIVE. PINES OF SARASOTA IS CELEBRATING ITS 75TH YEAR OF PROVIDING OUR RESIDENTS WITH THE CARE AND COMFORT THEY DESERVE.


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Board, Officers & Key Employees

Name (title)Compensation
Charla Burchett
Trustee
$0
Edmund W Morton III
Chair
$0
John Schaub
Trustee
$0
Kelly Saba
Treasurer
$0
Kyle L Hembree
Secretary
$0
Lisa Keverian-Press
Trustee
$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$952,997
Noncash contributions included in lines 1a–1f $260
Total Revenue from Contributions, Gifts, Grants & Similar$952,997
Total Program Service Revenue$0
Investment income $112,591
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,505
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,074,093

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