Plantation Community Foundation Inc
- Assets
- $629.9k
- Revenue
- $266.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Venice, FL
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 65-0056930
Organization Overview
Plantation Community Foundation Inc, operating under the name Plantation Community Foundation, is located in Venice, FL. The organization was established in 1989. 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, Plantation Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plantation Community Foundation 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 06/2023, Plantation Community Foundation generated $266.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $237.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS 501C3 AGENCIES ENGAGED IN SOCIAL SERVICES HEALTH CULTURAL ENRICHMENT EDUCATION AND THE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTIRE CONCEPT OF "PROGRAM SERVICE ACCOMPLISHMENTS"DOES NOT RELATE TO A SMALL FOUNDATION SUCH AS OURS.THE FOUNDATOPN ACCEPTS GRANT APPLICATIONS FROM ORGANIZATIONS WHICH SERVE SOUTH SARASOTA COUNTY RESIDENTS AND MEET IRC 501(C)3 REQUIREMENTS. THE NET AMOUNT OF GRANTS DISTRIBUTED WAS $151,138. THE MONEY TO PAY THESE GRANTS IS RAISED THRU VARIOUS FUND RAISING EVENTS AND FROM MEMBERSHIP DONATIONS AT VARIOUS LEVELS. THE MANY VOLUNTEERS FOR THE FUNDRAISING EVENTS COME FROM OUR MEMBERSHIP. LIKE THE DIRECTORS, ALL GRANT COMMITTEE MEMBERS ARE RETIRED UNPAID VOLUNTEERS WHO HAVE NO CONNECTION TO THE ORGANIZATIONS THEY REVIEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Braglia Secretary | Officer | 4 | $0 |
Pat Hurley Director | Officer | 2 | $0 |
Donald Broman Vice President | Officer | 2 | $0 |
Linda Decker Director | Officer | 2 | $0 |
Gregg Richmond Secretary | Officer | 2 | $0 |
Donna Castellano Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,385 |
| Fundraising events | $7,025 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,605 |
| Total Program Service Revenue | $0 |
| Investment income | $46,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,000 |
| 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 | $43,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,687 |
| Fees for services: Other | $0 |
| Advertising and promotion | $439 |
| Office expenses | $8,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,917 |
| 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 | $2,831 |
| All other expenses | $189 |
| Total functional expenses | $237,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,323 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,608 |
| Total assets | $629,931 |
| Accounts payable and accrued expenses | $4,717 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $210 |
| Total liabilities | $5,227 |
| Net assets without donor restrictions | $624,704 |
| Net assets with donor restrictions | $0 |
| 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 | $629,931 |
Grants Awarded
Over the last fiscal year, Plantation Community Foundation Inc has awarded $28,538 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOLDS OF HONOR PURPOSE: College Scholarships | $20,000 |
LAUREL CIVIC ASSOCIATION PURPOSE: Youth Empowerment | $8,538 |