Southcoast Community Foundation Inc

Organization Overview

Southcoast Community Foundation Inc is located in New Bedford, MA. The organization was established in 1995. 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 12/2021, Southcoast Community Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southcoast 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 12/2021, Southcoast Community Foundation Inc generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $10.3m during the year ending 12/2021. While expenses have increased by 11.2% 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, Southcoast Community Foundation Inc has awarded 554 individual grants totaling $24,422,422. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MOBILIZE PHILANTHROPY BY MATCHING DONORS AND RESOURCES WITH COMMUNITY NEEDS FOR THE BENEFIT OF OUR REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT MAKING FOR COMMUNITY NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Alison Smart
Executive Dir Of Probable
$208,202
John Vasconcellos
Former President
$174,266
Sarah Rose
Director Of Engagement
$113,000
Charles F Holley
Director Of Finance/admin
$92,515
Linda Bodenmann
Chair
$0
Carl J Cruz
Clerk
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Postlight Llc
Digital Consulting
$1,319,000
Moth Design Inc
Creative Strategy Consulting
$298,750
Matter Unlimited Llc
Strategic Consulting
$162,698
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$150,809
Related organizations$0
Government grants $2,493,899
All other contributions, gifts, grants, and similar amounts not included above$8,407,069
Noncash contributions included in lines 1a–1f $484,218
Total Revenue from Contributions, Gifts, Grants & Similar$11,051,777
Total Program Service Revenue$3,922
Investment income $886,936
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,787,062
Net Income from Fundraising Events -$4,009
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,725,688

Grants Awarded

Over the last fiscal year, Southcoast Community Foundation Inc has awarded $5,290,962 in support to 94 organizations.

Grant RecipientAmount

NORTHSTAR LEARNING CENTER

Org PageRecipient Profile

New Bedford, MA

PURPOSE: GENERAL OPERATING SUPPORT; CLINICAL INTERVENTIONS AND SERVICES; YOUTH SUMMER JOB

$342,350

BROCKTON AREA MULTI-SERVICES INC

Org PageRecipient Profile

Brockton, MA

PURPOSE: BIPOC LEADERSHIP/COVID 19 RELIEF FUND

$267,025

UNITED WAY OF GREATER FALL RIVER

Org PageRecipient Profile

Fall River, MA

PURPOSE: FOOD/BASIC NEEDS RELIEF/FEED FALL RIVER/FOR REGRANTING IN EMERGENCY RESPONSE TO FALL RIVER ORGS.

$236,937

IMMIGRANTS' ASSISTANCE CENTER

Org PageRecipient Profile

New Bedford, MA

PURPOSE: GENERAL OPERATING SUPPORT

$236,825

HEALTH IMPERATIVES

Org PageRecipient Profile

Brockton, MA

PURPOSE: OPERATING / FILLING THE GAPS: BASIC NEEDS ASSISTANCE PROGRAM

$179,625

UMASS DARTMOUTH FOUNDATION

Org PageRecipient Profile

North Dartmouth, MA

PURPOSE: COLLEGE NOW, PROJECT STREAM / WORKER EDUCATION PROGRAM - FUND FOR EMERGENCY NEEDS / UMASS DARTMOUTH EMERGENCY RESPONSE FUND

$173,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southcoast Community Foundation Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Manfredi Family Foundation

Mattapoisett, MA

PURPOSE: CHARITABLE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,839,584
Earnings$431,148
Net Contributions$150,831
Other Expense$194,849
Ending Balance$4,226,714

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