Community Foundation Martin St Lucie Inc
- Assets
- $27.6m
- Revenue
- $7.8m
- Investments
- $664.3k
- Employees
- 4
- Location
- Stuart, FL
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 65-0024030
Organization Overview
Community Foundation Martin St Lucie Inc is located in Stuart, FL. The organization was established in 2000. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Community Foundation Martin St Lucie Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Martin St Lucie 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 Martin St Lucie Inc generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Martin St Lucie Inc has awarded 425 individual grants totaling $14,283,780. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION - MARTIN/ST. LUCIE, INC. IS ENGAGED IN CARRYING OUT THE PHILANTHROPIC DESIRES AND INTENTIONS OF OUR DONORS/FUNDHOLDERS BY PROVIDING ASSISTANCE TO FACILITATE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS. ASSISTANCE PROVIDED MAY INCLUDE RESEARCH, VETTING OF CHARITIES AND FOLLOW-UP REPORTING TO ENSURE IMPACT AND USE OF CONTRIBUTIONS/GRANT FUNDS. BY SUCCESSFULLY INVESTING OUR CLIENTS' CHARITABLE ASSETS, THE COMMUNITY FOUNDATION PRESERVES AND WORKS TO GROW COMMUNITY CAPITAL IN PERPETUITY. WE ASSIST OUR LIVING FUNDHOLDERS BY NAVIGATING THE LANDSCAPE OF CHARITABLE ORGANIZATIONS IN THE REGION AND THROUGHOUT THE UNITED STATES SO THAT THEY CAN MAKE HIGH IMPACT, WELL-STRUCTURED GIFTS THAT BETTER THE LIVES OF OTHERS. THE COMMUNITY FOUNDATION HONORS THE INTENTIONS AND INTERESTS OF DECEASED FUNDHOLDERS THROUGH GRANT MAKING ACTIVITIES BASED ON THEIR WISHES AND GUIDELINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTSSCHOLARSHIPS ARE AWARDED TO VARIOUS STUDENTS IN THE MARTIN COUNTY, FL COMMUNITY, UNLESS OTHERWISE SPECIFIED BY THE DONOR, FOR HIGHER EDUCATION AND CONTINUING OR ADULT EDUCATION TUITION EXPENSES. FOLLOWING A FORMAL SUBMISSION AND SELECTION PROCESS, SCHOLARSHIPS ARE AWARDED TO INDIVIDUAL STUDENTS AND PAID DIRECTLY TO EDUCATIONAL ORGANIZATIONS OR INSTITUTIONS.GRANTS ARE AWARDED TO ORGANIZATIONS BASED ON DONOR RECOMMENDATIONS. THESE FUNDS ARE GRANTED TO 501(C)(3) ORGANIZATIONS THAT ADDRESS A VARIETY OF FIELDS OF INTEREST AND CAUSES, INCLUDING, BUT NOT LIMITED TO, LITERACY, EDUCATION, CHILDREN, ELDER SERVICES, HEALTH, ARTS CULTURE, ENVIRONMENT AND ANIMAL WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Barbella President & CEO | Officer | 40 | $186,028 |
John Doody Vice Chair | OfficerTrustee | 3 | $0 |
Jack Forde Vice Chair | OfficerTrustee | 3 | $0 |
Ellyn Stevenson Chair | OfficerTrustee | 3 | $0 |
Theora G Webb Secretary | OfficerTrustee | 3 | $0 |
Joseph J Paskoski III Treasurer | OfficerTrustee | 3 | $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 | $5,240,393 |
| Noncash contributions included in lines 1a–1f | $2,021,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,240,393 |
| Total Program Service Revenue | $0 |
| Investment income | $435,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,623,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,794,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,934,384 |
| Grants and other assistance to domestic individuals. | $299,512 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,750 |
| Compensation of current officers, directors, key employees. | $45,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,930 |
| Pension plan accruals and contributions | $13,656 |
| Other employee benefits | $26,757 |
| Payroll taxes | $23,805 |
| Fees for services: Management | $451,638 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $172,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,506 |
| Office expenses | $22,351 |
| Information technology | $29,200 |
| Royalties | $0 |
| Occupancy | $39,452 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,677 |
| Insurance | $3,770 |
| All other expenses | $0 |
| Total functional expenses | $5,803,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,900 |
| Savings and temporary cash investments | $3,085,509 |
| 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 | $1,155 |
| Net Land, buildings, and equipment | $8,928 |
| Investments—publicly traded securities | $23,602,137 |
| Investments—other securities | $664,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,568,977 |
| Accounts payable and accrued expenses | $10,780 |
| Grants payable | $416,050 |
| 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 | $610,624 |
| Total liabilities | $1,037,454 |
| Net assets without donor restrictions | $20,176,513 |
| Net assets with donor restrictions | $6,355,010 |
| 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 | $27,568,977 |
Grants Awarded
Over the last fiscal year, Community Foundation Martin St Lucie Inc has awarded $3,653,254 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
Palm City, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $324,000 |
Jacksonville, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $310,000 |
Ft Pierce, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $170,500 |
Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $156,650 |
Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $136,900 |
Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Foundation Martin St Lucie Inc has recieved totaling $950,383.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $840,017 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $98,366 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $12,000 |
Endowment Analysis
| Beg. Balance | $15,112,170 |
| Earnings | -$1,660,018 |
| Admin Expense | $255,109 |
| Grants | $800,756 |
| Ending Balance | $12,396,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
St Johns County Welfare Federation St Augustine, FL | $11,404,486 | $15,403,737 |
Coastal Georgia Area Community Action Authority Inc Brunswick, GA | $8,853,505 | $18,530,212 |
Changing Homelessness Inc Jacksonville, FL | $1,897,568 | $14,269,486 |
University Of Alabama Ophthalmology Services Foundation Birmingham, AL | $3,172,403 | $13,818,197 |
Hope Villages Of America Inc Clearwater, FL | $6,400,993 | $13,661,683 |
U S Space & Rocket Center Education Foundation Huntsville, AL | $18,280,145 | $26,134,184 |
Community Action Program Inc Pensacola, FL | $1,817,125 | $12,881,444 |
Automotive Aftermarket Association Southeast Health Fund Montgomery, AL | $888,375 | $12,395,120 |