South Palm Beach County Foundation Inc
- Assets
- $257.4k
- Revenue
- $370.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 04/2015
- Data as of
- 12/2017
- EIN
- 61-1751209
Organization Overview
South Palm Beach County Foundation Inc is located in Boca Raton, FL. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Palm Beach County 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 12/2017, South Palm Beach County Foundation Inc generated $370.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $640.0k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO BUILDING LEGACIES IN SOUTH PALM BEACH COUNTY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCALLY, THE SPBCF FOSTERS CREATIVE SOLUTIONS TO PRESSING COMMUNITY ISSUES THROUGH PARTNERED CHARITABLE GIVING. YOUR LEGACY WILL BE THE PEBBLE IN THE POOL THAT HELPS TO FUND INNOVATIVE SOLUTIONS TO THE REGION'S MOST PRESSING PROBLEMS. SPBCF WILL PARTNER YOUR FUNDS WITH LIKE-MINDED STRATEGIC DONORS AND LOCAL CHARITABLE ORGANIZATION TO HELP BUILD SUSTAINABLE CHARITABLE ORGANIZATIONS DRIVEN TO ADDRESS OUR LOCAL ISSUES.IN ADDITION TO ITS LOCAL SERVICES, HOWEVER, THE SPBCF IS ALSO A NIMBLE STRUCTURE ESTABLISHED TO SUPPORT THE WORK OF PROGRESSIVE PHILANTHROPISTS WHEREVER THEY MAY BE LOCATED. THROUGH THE SPBCF, SOCIAL ENTREPRENEURS CAN FIND LIKE-MINDED STRATEGIC AND INNOVATIVE DONORS TO HELP BUILD SUSTAINABLE CHARITABLE ORGANIZATIONS DRIVEN TO ADDRESS A VARIETY OF SOCIAL ISSUES. THE SPBCF SUPPORTS THE MOST CUTTING-EDGE AND STRATEGIC APPROACHES TO PHILANTHROPY. FOR DONORS INTERESTED IN IMPACT INVESTING, BUSINESS ENTREPRENEURSHIP AND VENTURE PHILANTHROPY, THE SPBCF IS YOUR FOUNDATION. WITHOUT THE CONSTRAINTS OF A BRICK AND MORTAR BUILDING AND WITH LIMITED OVERHEAD AND STAFF, THE SPBCF WILL PROVIDE A LOW-COST AND PROGRESSIVE PHILANTHROPIC VEHICLE TO ADVANCED THINKERS AND DONORS LOCALLY AND NATIONALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Gury President/treasurer | Trustee | 2 | $0 |
Andrew Comiter Secretary | Trustee | 2 | $0 |
Lisa Mulhall Vice President | Trustee | 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 | $370,176 |
| Noncash contributions included in lines 1a–1f | $262,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,176 |
| Total Program Service Revenue | $0 |
| Investment income | $1,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $606,500 |
| 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 | $12,000 |
| Fees for services: Legal | $306 |
| Fees for services: Accounting | $3,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,221 |
| Fees for services: Other | $2,186 |
| Advertising and promotion | $699 |
| Office expenses | $0 |
| Information technology | $12,500 |
| 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 | $639,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,509 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $146,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,442 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $257,442 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $257,442 |
Grants Awarded
Over the last fiscal year, South Palm Beach County Foundation Inc has awarded $606,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: ALZHEIMER'S RESEARCH | $200,000 |
Boca Raton, FL PURPOSE: ALZHEIMER'S RESEARCH | $100,000 |
Philadelphia, PA PURPOSE: ALZHEIMER'S RESEARCH | $100,000 |
New Haven, CT PURPOSE: ALZHEIMER'S RESEARCH | $100,000 |
Redwood City, CA PURPOSE: ALZHEIMER'S RESEARCH | $100,000 |
Pinecrest, FL PURPOSE: CHARITABLE SUPPORT | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Palm Beach County Foundation Inc has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
David A Beckerman Foundation Inc New Haven, CT PURPOSE: CONTRIBUTION TO SUPPORT 501(C)3 PURPOSE | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |