Manatee Community Foundation Inc
- Assets
- $57.8m
- Revenue
- $10.8m
- Investments
- $486.3k
- Employees
- 8
- Location
- Bradenton, FL
- Founding
- 09/1998
- Data as of
- 06/2022
- 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 06/2022, Manatee Community Foundation Inc employed 8 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 06/2022, Manatee Community Foundation Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 13.5% per year over the past 7 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 1,447 individual grants totaling $48,601,563. 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
MANATEE COMMUNITY FOUNDATION INVESTS IN NONPROFIT ORGANIZATIONS, STUDENTS, AND COMMUNITY-LEVEL SUCCESS THROUGH THE GENEROSITY AND PARTNERSHIP OF PEOPLE WHO CARE ABOUT OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: MANATEE COMMUNITY FOUNDATION AWARDED 843 GRANTS TOTALING $6,254,768 TO 322 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 92 SCHOLARSHIPS TOTALING $248,419 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 |
|---|---|---|---|
Susan Bowie Executive Director | Officer | 40 | $131,962 |
Jeanie Kirkpatrick Chair | OfficerTrustee | 1 | $0 |
Conrad Syzmanski Treasurer | OfficerTrustee | 1 | $0 |
Bob Turner Vice Chair | OfficerTrustee | 1 | $0 |
Danielle Sherrill Secretary | OfficerTrustee | 1 | $0 |
Laura Spencer Cfo/cao | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,602 |
| Related organizations | $11,247 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,024,076 |
| Noncash contributions included in lines 1a–1f | $2,364,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,083,925 |
| Total Program Service Revenue | $555,962 |
| Investment income | $1,648,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,528,968 |
| Net Income from Fundraising Events | -$25,602 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,792,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,254,768 |
| Grants and other assistance to domestic individuals. | $248,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,564 |
| Compensation of current officers, directors, key employees. | $45,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,814 |
| Pension plan accruals and contributions | $13,736 |
| Other employee benefits | $41,209 |
| Payroll taxes | $30,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,430 |
| Fees for services: Other | $634,056 |
| Advertising and promotion | $99,153 |
| Office expenses | $21,867 |
| Information technology | $17,971 |
| Royalties | $0 |
| Occupancy | $14,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,943 |
| Insurance | $17,064 |
| All other expenses | $40,789 |
| Total functional expenses | $8,035,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,381,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $855,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $234,034 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,869 |
| Net Land, buildings, and equipment | $1,264,987 |
| Investments—publicly traded securities | $49,709,033 |
| Investments—other securities | $486,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $844,417 |
| Total assets | $57,782,445 |
| Accounts payable and accrued expenses | $38,214 |
| Grants payable | $345,874 |
| 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 | $12,547,088 |
| Total liabilities | $12,931,176 |
| Net assets without donor restrictions | $43,604,770 |
| Net assets with donor restrictions | $1,246,499 |
| 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 | $57,782,445 |
Grants Awarded
Over the last fiscal year, Manatee Community Foundation Inc has awarded $5,766,142 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
Bradenton, FL PURPOSE: CAPITAL PURCHASE, PROGRAM SUPPORT | $678,336 |
Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $311,525 |
Bradenton, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $297,381 |
Sarasota, FL PURPOSE: CAPITAL PURCHASE, GENERAL SUPPORT, PROGRAM SUPPORT | $256,063 |
Tampa, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $246,656 |
Bradenton, FL PURPOSE: PROGRAM SUPPORT, SCHOLARSHIPS | $218,526 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Manatee Community Foundation Inc has recieved totaling $302,061.
| Awarding Organization | Amount |
|---|---|
Edward E & Lillian H Bishop Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $200,000 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: HUMAN SERVICES | $55,000 |
The Seattle Foundation Seattle, WA PURPOSE: DR BARBARA T CHADSEY EDUCATION FUND FOR TEACHERS | $10,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
W J & Lela Budwine Foundation Inc Bradenton, FL PURPOSE: CHARITY | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,000 |
Endowment Analysis
| Beg. Balance | $30,296,750 |
| Earnings | -$3,546,856 |
| Admin Expense | $343,831 |
| Net Contributions | $1,966,781 |
| Grants | $1,813,104 |
| Ending Balance | $26,559,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |