Manatee Community Foundation Inc
- Assets
- $60.5m
- Revenue
- $6.9m
- Investments
- $421.2k
- Employees
- 7
- Location
- Bradenton, FL
- Founding
- 09/1998
- Data as of
- 06/2023
- EIN
- 65-0833500
Organization Overview
Manatee Community Foundation Inc is located in Bradenton, FL. The organization was established in 1998. 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, Manatee Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manatee Community 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 06/2023, Manatee Community Foundation Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. While expenses have increased by 11.5% per year over the past 8 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, Manatee Community Foundation Inc has awarded 1,130 individual grants totaling $38,209,050. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANATEE COMMUNITY FOUNDATION INVESTS IN NONPROFIT ORGANIZATIONS, STUDENTS, AND THE COMMUNITY THROUGH THE GENEROSITY AND PARTNERSHIP OF PEOPLE WHO CARE ABOUT OUR COUNTY AND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: MANATEE COMMUNITY FOUNDATION AWARDED 954 GRANTS TOTALING $6,192,438 TO 346 NONPROFIT ORGANIZATIONS BASED ON PHILANTHROPIC ASPIRATIONS OF DONORS THAT ENTRUST THE FOUNDATION WITH THEIR CHARITABLE GIVING. THESE GRANTS WERE AWARDED TO ORGANIZATIONS WITH MISSIONS FOCUSED ON THE ARTS, EDUCATION, HEALTH, HUMAN SERVICES, CIVIC ENGAGEMENT, YOUTH DEVELOPMENT, ANIMAL WELFARE AND THE ENVIRONMENT FOR OPERATIONS, CAPITAL NEEDS, AND PROGRAMS/SERVICES. SCHOLARSHIPS: MANATEE COMMUNITY FOUNDATION AWARDED 121 SCHOLARSHIPS TOTALING $272,329 FROM SCHOLARSHIP FUNDS TO NEW AND RETURNING COLLEGE STUDENTS, INCLUDING GRADUATING HIGH SCHOOL STUDENTS ATTENDING A COMMUNITY COLLEGE OR 4-YEAR UNIVERSITY, STUDENTS ATTENDING GRADUATE SCHOOL, AND LEARNERS RETURNING TO SCHOOL TO PURSUE A VOCATIONAL OR TECHNICAL CERTIFICATION.NONPROFIT EDUCATION AND COMMUNITY ENGAGEMENT: OVER THE LAST FISCAL YEAR, MANATEE COMMUNITY FOUNDATION FACILITATED COMMUNITY CONVERSATIONS AND FORUMS TO LEARN FROM THE LIVED EXPERIENCES OF PARTICIPANTS AND TO SHARE KNOWLEDGE ABOUT PRESSING ISSUES; FACILITATED TRAININGS TO SUPPORT NONPROFIT GROWTH AND SUSTAINABILITY; AND CONNECTED RESIDENTS AND DONORS TO CAUSES THEY WISH TO INVEST IN. EXAMPLES OF THIS WORK INCLUDE ADVANCING ENGAGEMENT IN GRADE-LEVEL READING SUCCESS, CONNECTING PARTNERS IN CHILD WELFARE SYSTEMS, AND HELPING ORGANIZATIONS DISTRIBUTE EMERGENCY RENTAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Breiter Director | Trustee | 1 | $0 |
Nurisha Harvey Director | Trustee | 1 | $0 |
Amanda Horne Director | Trustee | 1 | $0 |
Barbara Jennings Director | Trustee | 1 | $0 |
Steve Roskamp Director | Trustee | 1 | $0 |
Jenifer Schembri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,891 |
| Related organizations | $600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,922,773 |
| Noncash contributions included in lines 1a–1f | $2,036,047 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,974,264 |
| Total Program Service Revenue | $502,464 |
| Investment income | $1,475,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,165 |
| Net Income from Fundraising Events | -$50,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,929,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,192,438 |
| Grants and other assistance to domestic individuals. | $272,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,405 |
| Compensation of current officers, directors, key employees. | $41,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,385 |
| Pension plan accruals and contributions | $7,149 |
| Other employee benefits | $35,184 |
| Payroll taxes | $29,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,946 |
| Fees for services: Other | $639,421 |
| Advertising and promotion | $78,949 |
| Office expenses | $22,609 |
| Information technology | $21,102 |
| Royalties | $0 |
| Occupancy | $14,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,855 |
| Insurance | $17,810 |
| All other expenses | $53,221 |
| Total functional expenses | $7,929,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,452,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $235,250 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $166,663 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,074 |
| Net Land, buildings, and equipment | $1,208,132 |
| Investments—publicly traded securities | $54,185,394 |
| Investments—other securities | $421,214 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $808,546 |
| Total assets | $60,485,512 |
| Accounts payable and accrued expenses | $39,013 |
| Grants payable | $259,138 |
| Deferred revenue | $15,000 |
| 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 | $13,170,521 |
| Total liabilities | $13,483,672 |
| Net assets without donor restrictions | $45,786,171 |
| Net assets with donor restrictions | $1,215,669 |
| 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 | $60,485,512 |
Grants Awarded
Over the last fiscal year, Manatee Community Foundation Inc has awarded $5,964,298 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
53RD AVE CHURCH OF CHRIST PURPOSE: PROGRAM SUPPORT | $14,751 |
ALL FAITHS FOOD BANK INC PURPOSE: PROGRAM SUPPORT, GENERAL SUPPORT | $20,100 |
ALL KITTY KORNER INC PURPOSE: PROGRAM SUPPORT, GENERAL SUPPORT | $9,554 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $14,751 |
AMERICAN RED CROSS PURPOSE: PROGRAM SUPPORT | $35,000 |
AMIKIDS MANATEE PURPOSE: GENERAL SUPPORT | $10,000 |