Pinellas Community Foundation
- Assets
- $142.9m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Clearwater, FL
- Founding
- 05/1971
- Data as of
- 12/2021
- EIN
- 23-7113194
Organization Overview
Pinellas Community Foundation is located in Clearwater, FL. The organization was established in 1971. 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, Pinellas Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinellas 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 12/2021, Pinellas Community Foundation generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $18.9m during the year ending 12/2021. While expenses have increased by 30.4% 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 2014, Pinellas Community Foundation has awarded 975 individual grants totaling $43,261,890. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY BY BRINGING TOGETHER PHILANTHROPY AND SOLUTIONS TO LOCAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINELLAS COMMUNITY FOUNDATION (PCF) SEEKS EFFECTIVE SOLUTIONS FOR PINELLAS COUNTY'S MOST CHALLENGING SOCIAL, ENVIRONMENTAL AND EDUCATIONAL ISSUES, WHILE SUPPORTING THE ADVANCEMENT OF ARTS AND CULTURE. PCF IS THE ONLY CHARITABLE FOUNDATION OF ITS KIND SOLELY DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR ALL PINELLAS COUNTY RESIDENTS. IN 2021, MORE THAN 100 CHARITABLE ORGANIZATIONS RECEIVED DONOR-FUNDED GRANTS TO SUPPORT THEIR COMMUNITY PROGRAMS. IT IS THANKS TO THE GENEROSITY OF DONORS THAT THIS WORK IS POSSIBLE. GRANTS FROM PCF IMPROVE THE QUALITY OF LIFE BY BRINGING TOGETHER PHILANTHROPY AND SOLUTIONS TO LOCAL ISSUES. GRANTS SUPPORT SOLUTIONS TO A BROAD RANGE OF ISSUES INCLUDING CHILDHOOD HUNGER, HOMELESSNESS, ACCESS TO HEALTHCARE, ARTS EDUCATION, AND COLLEGE SCHOLARSHIPS. PCF PROVIDES COMMUNITY LEADERSHIP THROUGH THE EXPLORATION OF PARTICULAR COMMUNITY NEEDS AND CHALLENGES. DURING THE YEAR 2021, PCF CONVENED COMMUNITY PARTNERS TO LEARN MORE ABOUT THE VITALITY AND VULNERABILITIES OF OUR AGING POPULATION. PCF DEVELOPED THE MONIKER ACT II TO CELEBRATE THIS SPECIAL POPULATION AND RECOGNIZE THEIR MANY CONTRIBUTIONS DURING THE SECOND ACT OF LIFE. ALSO, PCF WORKED WITH PARTNERS TO LAUNCH A COMPREHENSIVE COMMUNITY NEEDS ASSESSMENT TO MORE CONCRETELY UNDERSTAND THE NEEDS OF OUR AGING COMMUNITY. WITH PARTNERS, THIS NEEDS ASSESSMENT PROCESS WILL TAKE PLACE IN YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duggan Cooley Cfre CEO / Secret | Officer | 40 | $170,653 |
Jay W Fleece III ESQ Chair | OfficerTrustee | 1 | $0 |
David Sietsma CPA Board Member | Trustee | 1 | $0 |
Nicole Carr Board Member | Trustee | 1 | $0 |
Bo Brault CPA Board Member | Trustee | 1 | $0 |
Erica K Smith ESQ Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,163,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,188,625 |
| Noncash contributions included in lines 1a–1f | $1,626,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,352,550 |
| Total Program Service Revenue | $0 |
| Investment income | $2,771,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,114,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,264,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,599,972 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $191,058 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,655 |
| Compensation of current officers, directors, key employees. | $8,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,232 |
| Payroll taxes | $338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,684 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $733,167 |
| Fees for services: Other | $435,708 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $43,618 |
| Royalties | $0 |
| Occupancy | $72,031 |
| Travel | $1,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,771 |
| All other expenses | $7,034 |
| Total functional expenses | $18,892,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500 |
| Savings and temporary cash investments | $1,152,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $293,220 |
| 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 | $136,021,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,388,606 |
| Total assets | $142,858,566 |
| Accounts payable and accrued expenses | $21,122 |
| Grants payable | $1,170,720 |
| 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 | $26,066 |
| Total liabilities | $1,217,908 |
| Net assets without donor restrictions | $35,087,536 |
| Net assets with donor restrictions | $106,553,122 |
| 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 | $142,858,566 |
Grants Awarded
Over the last fiscal year, Pinellas Community Foundation has awarded $16,268,457 in support to 181 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DUNEDIN PURPOSE: GENERAL SUPPORT | $4,500,000 |
Saint Petersburg, FL PURPOSE: GENERAL SUPPORT | $1,840,456 |
Tampa, FL PURPOSE: GENERAL SUPPORT | $989,736 |
Schenectady, NY PURPOSE: GENERAL SUPPORT | $677,347 |
Clearwater, FL PURPOSE: GENERAL SUPPORT | $462,139 |
Tampa, FL PURPOSE: GENERAL SUPPORT | $451,572 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pinellas Community Foundation has recieved totaling $240,000.
| Awarding Organization | Amount |
|---|---|
Sjouwerman Foundation Inc Phoenix, AZ | | $200,000 |
Pre-School Experience Inc Saint Petersburg, FL PURPOSE: DONATION | $40,000 |
Endowment Analysis
| Beg. Balance | $122,020,817 |
| Earnings | $15,556,674 |
| Admin Expense | $660,477 |
| Net Contributions | $3,737,637 |
| Grants | $4,634,169 |
| Ending Balance | $136,021,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
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 |