Sarasota Kiwanis Foundation Inc
- Assets
- $1.4m
- Revenue
- $342.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1963
- Data as of
- 09/2021
- EIN
- 59-6153329
Organization Overview
Sarasota Kiwanis Foundation Inc is located in Sarasota, FL. The organization was established in 1963. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Kiwanis 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 09/2021, Sarasota Kiwanis Foundation Inc generated $342.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $64.5k during the year ending 09/2021. While expenses have increased by 0.3% per year over the past 6 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, Sarasota Kiwanis Foundation Inc has awarded 16 individual grants totaling $160,850. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SUCH WORTHY PROJECTS FOR YOUTH AND THE ELDERLY AS IN THE OPINION OF THE TRUSTEES SHALL BE DESERVING OF SUCH ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS & SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Thompson Treasurer | OfficerTrustee | 0.2 | $0 |
Stephanie Murphy Secretary | OfficerTrustee | 0.2 | $0 |
Terry Mcgannon President | OfficerTrustee | 0.2 | $0 |
Dana Keane Director | Trustee | 0.2 | $0 |
Marla Doss Director | Trustee | 0.2 | $0 |
James Toale Director | Trustee | 0.2 | $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 | $125 |
| Noncash contributions included in lines 1a–1f | $125 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125 |
| Total Program Service Revenue | $0 |
| Investment income | $14,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $323,252 |
| Net Income from Fundraising Events | $4,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,650 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,860 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $25 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,403,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,897 |
| Total assets | $1,413,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $875 |
| 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 | $0 |
| Total liabilities | $875 |
| Net assets without donor restrictions | $1,395,605 |
| Net assets with donor restrictions | $17,392 |
| 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 | $1,413,872 |
Grants Awarded
Over the last fiscal year, Sarasota Kiwanis Foundation Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: CHARITABLE GIVING | $10,000 |
Sarasota, FL PURPOSE: CHARITABLE GIVINGLE GIVING | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Kiwanis Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: HUMAN SERVICES | $100,000 |
Endowment Analysis
| Beg. Balance | $2,454 |
| Ending Balance | $2,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
100 Black Men Of Atlanta Inc Atlanta, GA | $1,532,763 | $1,952,915 |
Benevolent & Protective Order Of Elks Of The Usa Ocala, FL | $1,483,804 | $650,329 |
100 Black Men Of Greater Orlando Inc Orlando, FL | $201,753 | $400,147 |
Florida Kiwanis Foundation Inc Atlantic Beach, FL | $4,710,563 | $349,851 |
Sanford Lodge No 1851 Loyal Order Of Moose Sanford, FL | $225,455 | $322,780 |
Bay Minette Rotary Village Inc Mobile, AL | $1,727,479 | $237,397 |
Kiwanis Of Little Havana Foundation Inc Miami, FL | $983,640 | $312,027 |
Dekalb County Chapter Of 100 Black Men Of America Inc Atlanta, GA | $194,135 | $296,130 |
Benevolent & Protective Order Of Elks Of The Usa Brandon, FL | $691,708 | $288,227 |
100 Black Men Of South Metro Inc Atlanta, GA | $238,407 | $284,317 |
Rotary International Columbus, GA | $272,568 | $258,748 |
Cape Coral Rotary Foundation Inc Cape Coral, FL | $474,772 | $222,354 |