Community Foundation Trust Of Sarasota County
- Assets
- $13.4m
- Revenue
- $842.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1990
- Data as of
- 06/2022
- EIN
- 65-0173371
Organization Overview
Community Foundation Trust Of Sarasota County is located in Sarasota, FL. The organization was established in 1990. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Community Foundation Trust Of Sarasota County 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 Trust Of Sarasota County generated $842.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $955.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Trust Of Sarasota County has awarded 148 individual grants totaling $11,831,333. 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
COMMUNITY IMPACT POWERED BY PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS WERE MADE TO SUPPORT EDUCATION, HEALTH AND HUMAN SERVICES, ANIMALS, THE ENVIRONMENT AND OTHER SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $7,500 | |
Andrew Stultz Treasurer | OfficerTrustee | 1 | $0 |
Marilyn Thompson Vice Chair | OfficerTrustee | 1 | $0 |
William M Seider Secretary | OfficerTrustee | 1 | $0 |
Daniel Deleo Chair | OfficerTrustee | 1 | $0 |
Roxanne G Jerde President/ceo | Officer | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $355,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $487,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $440,085 |
| Grants and other assistance to domestic individuals. | $89,000 |
| 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 | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,756 |
| Fees for services: Other | $181,331 |
| Advertising and promotion | $10,619 |
| Office expenses | $2,224 |
| Information technology | $3,288 |
| Royalties | $0 |
| Occupancy | $1,794 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,768 |
| All other expenses | $0 |
| Total functional expenses | $955,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $13,384,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,384,848 |
| Accounts payable and accrued expenses | $25,765 |
| Grants payable | $9,500 |
| 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 | $35,265 |
| Net assets without donor restrictions | $13,277,431 |
| Net assets with donor restrictions | $72,152 |
| 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 | $13,384,848 |
Grants Awarded
Over the last fiscal year, Community Foundation Trust Of Sarasota County has awarded $413,632 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: PROGRAM SUPPORT | $77,100 |
Venice, FL PURPOSE: PROGRAM SUPPORT | $55,000 |
Sarasota, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Venice, FL PURPOSE: EMERGENCY ASSISTANCE, PROGRAM SUPPORT | $50,000 |
Sarasota, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Sarasota, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $16,776,755 |
| Earnings | -$2,200,870 |
| Admin Expense | $178,938 |
| Grants | $529,085 |
| Ending Balance | $13,867,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tigers Unlimited Foundation Auburn, AL | $119,888,484 | $62,585,333 |
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
The Catholic Foundation Of Central Florida Inc Orlando, FL | $91,215,748 | $5,046,081 |
Jewish Family Services Of Broward Foundation Inc Davie, FL | $15,511,369 | $3,786,697 |