Emerald Coast Charitable Foundation Inc
- Assets
- $157.3k
- Revenue
- $138.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Walton Beach, FL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 45-4915518
Organization Overview
Emerald Coast Charitable Foundation Inc is located in Fort Walton Beach, FL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerald Coast Charitable 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 12/2022, Emerald Coast Charitable Foundation Inc generated $138.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $142.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Emerald Coast Charitable Foundation Inc has awarded 65 individual grants totaling $417,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 501(C)(3) CHARITABLE COLLEGE FOUNDATIONS TO PROVIDE SCHOLARSHIPS TO 1) FIRST GENERATION COLLEGE STUDENTS FROM LOW INCOME HOUSEHOLDS AND 2) TO PROVIDE SCHOLARSHIPS TO QUALIFIED STUDENTS IN THE BUSINESS DEPARTMENT.
CONTRIBUTIONS TO 501(C)(3) QUALIFIED ORGANIZATIONS TO SUPPORT THEIR WORK TO IMPROVE SOCIAL SERVICES FOR ALL AGES
CONTRIBUTION TO 501(C)(3) QUALIFIED ORGANIZATIONS FOR THE RESCUE, CARE, SPAY/NEUTER, AND ADOPTION PROGRAMS FOR HOMELESS ANIMALS.
CONTRIBUTIONS TO THE HOOVER INSTITUTION, A PUBLIC POLICY THINK TANK THAT SEEKS TO IMPROVE THE HUMAN CONDITION BY ADVANCING IDEAS THAT PROMOTE ECONOMIC OPPORTUNITY AND PROSPERITY, WHILE SECURING AND SAFEGUARDING PEACE FOR AMERICA AND ALL MANKIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H French Brown III Secretary/tr | 0 | $0 | |
John L Scott Jr Vice Pres/tr | 0 | $0 | |
Larry E Reeder Treasurer/tr | 0 | $0 | |
Beverly R Scott President/tr | 0 | $0 | |
Michael Wm Mead Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $138,037 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $362 |
| Total operating and administrative expenses | $3,466 |
| Contributions, gifts, grants paid | $138,500 |
| Total expenses and disbursements | $141,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,296 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,296 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Emerald Coast Charitable Foundation Inc has awarded $138,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: SCHOLARSHIP | $40,000 |
Pensacola, FL PURPOSE: SCHOLARSHIPS | $40,000 |
Jackson, WY PURPOSE: GENERAL SUPPORT | $30,000 |
Jackson, WY PURPOSE: ANIMAL RESCUE | $13,000 |
HOOVER INSTITUTE PURPOSE: GENERAL SUPPORT | $10,000 |
GRAND TETON MUSIC FESTIVAL INC PURPOSE: COMMUNITY PROGRAMS | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |