Gulf Coast Community Foundation Inc

Organization Overview

Gulf Coast Community Foundation Inc is located in Venice, FL. The organization was established in 1966. 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, Gulf Coast Community Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast 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, Gulf Coast Community Foundation Inc generated $79.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $50.1m during the year ending 06/2022. While expenses have increased by 4.8% 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, Gulf Coast Community Foundation Inc has awarded 4,816 individual grants totaling $371,553,187. 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TOGETHER WITH OUR DONORS, WE TRANSFORM OUR REGION THROUGH BOLD AND PROACTIVE PHILANTHROPY.

Describe the Organization's Program Activity:

IN ITS ROLE AS A REGIONAL LEADER, GULF COAST COMMUNITY FOUNDATION IDENTIFIES PRIORITY ISSUES THROUGH QUANTITATIVE AND QUALITATIVE RESEARCH, CREATES AND FUNDS CATALYTIC COMMUNITY INITIATIVES THAT TARGET THOSE PRIORITIES, AND ALSO CONNECTS DONORS TO THESE ISSUES AND OTHER CHARITABLE CAUSES THEY CARE ABOUT. GULF COAST'S INITIATIVES TYPICALLY INVOLVE CROSS-SECTOR COLLABORATION AND LEVERAGE ADDITIONAL PHILANTHROPIC FUNDING FROM WITHIN AND BEYOND OUR REGION.INITIATIVES IN WHICH GULF COAST AND OUR DONORS INVESTED THIS YEAR INCLUDED:1) RESPONDING TO THE NEEDS OF THOSE IN OUR REGION WHO ARE MOST VULNERABLE TO THE HEALTH AND ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC.2) SUPPORTING ARTS AND CULTURAL ORGANIZATIONS NEGATIVELY AFFECTED BY THE PANDEMIC AND NECESSARY CONTAINMENT STRATEGIES IMPLEMENTED DURING THEIR CRITICAL FUNDRAISING AND PERFORMANCE SEASONS.3) CONVENING STAKEHOLDERS TO BUILD A SYSTEM OF ACCESSIBLE, INTEGRATED, AND TRAUMA-INFORMED SERVICES AND FAMILY SUPPORTS TO MEET THE MENTAL HEALTH NEEDS OF CHILDREN, YOUTH, AND YOUNG ADULTS IN SARASOTA COUNTY. 4) CONVENING, LEADING, AND FUNDING STRATEGIC PROJECTS TO IMPROVE ENVIRONMENTAL QUALITY IN THE GULF COAST REGION AND EDUCATE CITIZENS ON THE BENEFITS OF A HEALTHY ENVIRONMENT.5) INVESTING IN SUSTAINABLE REDEVELOPMENT OF THE SARASOTA BAYFRONT THROUGH THE PUBLIC-PRIVATE PARTNERSHIP CREATING THE BAY PARK.6) COORDINATING WITH LOCAL OFFICIALS ON OPPORTUNITIES TO REFORM THE CRIMINAL JUSTICE SYSTEM.7) ADDRESSING THE REGION'S SUBSTANCE-ABUSE CRISIS BY DECREASING REPEAT OVERDOSES AND OTHER RISKY BEHAVIORS AND IDENTIFYING OPPORTUNITIES FOR INTERVENTION AND PREVENTION.8) IMPROVING AND BETTER COORDINATING SERVICES FOR CHRONICALLY HOMELESS ADULTS AND UNACCOMPANIED HOMELESS YOUTH IN SARASOTA COUNTY.9) STRENGTHENING THE BOARD GOVERNANCE AND OPERATIONAL EFFECTIVENESS OF NONPROFIT ORGANIZATIONS THROUGHOUT OUR REGION (INVEST IN INCREDIBLE).10) HELPING FIRST-GRADERS IN SARASOTA COUNTY SCHOOLS WHO STRUGGLE THE MOST WITH READING AND WRITING THROUGH INTENSIVE LITERACY INTERVENTION (READING RECOVERY).11) FOSTERING CIVILITY THROUGHOUT OUR PUBLIC-SCHOOL DISTRICT (BECAUSE IT MATTERS).GULF COAST ALSO FUNDS A VARIETY OF GRANTS TO SUPPORT THE WORK OF NONPROFIT ORGANIZATIONS IN THE REGION. GRANT PROGRAMS INCLUDE LEVERAGED GRANTS, WHICH FUND COLLABORATIVE PROJECTS AND PROGRAMS THAT TARGET REGIONAL PRIORITIES IN MEASURABLE WAYS; COMMUNITY GRANTS, WHICH FUND SMALLER PROJECTS AND NEEDS AT REGIONAL NONPROFIT ORGANIZATIONS THAT CAN HAVE SIGNIFICANT IMPACT IN THE COMMUNITY; SPONSORSHIP GRANTS, WHICH HELP OUR NONPROFIT PARTNERS MAXIMIZE FUNDRAISING AND AWARENESS ACTIVITIES; AND ARTS APPRECIATION GRANTS, WHICH PROVIDE UNRESTRICTED FUNDING TO CORNERSTONE ARTS AND CULTURAL ORGANIZATIONS IN THE REGION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
International Scholarship And Tuition Se
Scholarship Awards
$596,258
Hirtle Callaghan
Investment Advisor
$485,053
International Scholarship And Tuition Se
Scholarship Awards
$596,258
Hirtle Callaghan
Investment Advisor
$485,053
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$56,865,686
Noncash contributions included in lines 1a–1f $38,420,973
Total Revenue from Contributions, Gifts, Grants & Similar$56,865,686
Total Program Service Revenue$3,768,614
Investment income $6,622,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,967,657
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $79,396,677

Grants Awarded

Over the last fiscal year, Gulf Coast Community Foundation Inc has awarded $38,669,324 in support to 507 organizations.

Grant RecipientAmount

THE BAY PARK CONSERVANCY INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: ENVIRONMENT

$3,823,580

MARIE SELBY BOTANICAL GARDENS INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: ENVIRONMENT

$2,336,043

COMMUNITY FOUNDATION OF SARASOTA COUNTY INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: CIVIC

$1,438,300

ALL FAITHS FOOD BANK

Org PageRecipient Profile

Sarasota, FL

PURPOSE: HUMAN SERVICES

$742,772

SPECIAL DAY FOUNDATION INC

Org PageRecipient Profile

Bradenton, FL

PURPOSE: HUMAN SERVICES

$740,000

SOCIETY OF ST VINCENT DE PAUL SOUTH PINELLAS INC

Org PageRecipient Profile

St Petersburg, FL

PURPOSE: HUMAN SERVICES

$703,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Gulf Coast Community Foundation Inc has recieved totaling $365,000.

Awarding OrganizationAmount
$325,000
The@robert A Buzzelli Charitable Foundation Inc

Ft Mitchell, KY

PURPOSE: GENERAL OPERATIONS

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,500,156
Earnings-$1,623,729
Admin Expense$180,416
Net Contributions$1,264,563
Other Expense-$169,328
Grants$2,488,059
Ending Balance$10,641,843

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