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 06/2021, Gulf Coast Community Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Gulf Coast Community Foundation Inc generated $114.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $55.7m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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 3,314 individual grants totaling $246,714,213. 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

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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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Board, Officers & Key Employees

Name (title)Compensation
Mark Pritchett
President/ceo
$315,906
Veronica Thames
COO
$235,248
Jon Thaxton
Senior VP For Community In
$228,872
Chris Stobaugh
CFO
$217,679
Kristin M Fulkerson
Senior VP For Philanthropy
$176,520
Gregory Luberecki
Director Of Communication,
$113,122

Outside Vendors & Contractors

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

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$660,297
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$43,053,910
Noncash contributions included in lines 1a–1f $17,435,081
Total Revenue from Contributions, Gifts, Grants & Similar$43,714,207
Total Program Service Revenue$3,288,623
Investment income $5,526,635
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $62,157,266
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $114,694,883

Grants Awarded

Over the last fiscal year, Gulf Coast Community Foundation Inc has awarded $36,452,595 in support to 511 organizations.

Grant RecipientAmount

THE BAY PARK CONSERVANCY INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: ENVIRONMENT

$3,201,000

SARASOTA HOUSING FUNDING CORPORATION

PURPOSE: CIVIC

$2,224,374

MARIE SELBY BOTANICAL GARDENS INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: ENVIRONMENT

$2,032,488

RESILIENT RETREAT INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: HEALTH

$1,944,750

SARASOTA-MANATEE JEWISH FEDERATION

Org PageRecipient Profile

Sarasota, FL

PURPOSE: HUMAN SERVICES

$1,797,560

ASOLO THEATER INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: ARTS & CULTURE

$1,167,552
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Gulf Coast Community Foundation Inc has recieved totaling $216,090.

Awarding OrganizationAmount
William R Gruver Foundation

Sanibel, FL

PURPOSE: TO FURTHER FOUNDATION

$100,090
The@robert A Buzzelli Charitable Foundation Inc

Sarasota, FL

PURPOSE: SUPPORT FOR THE PURCHASE BY SAVE OUR Y OF THE BERLIN AND EVALYN SADLIER JONES BRANCHES OF THE YMCA PROPERTIES AND FACILITIES IN SARASOTA COUNTY FLORIDA

$30,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$25,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$25,000
Margaret Dunning Foundation

Traverse City, MI

PURPOSE: DONOR ADVISED FUNDS

$25,000
Getzen Family Charities Inc

Sarasota, FL

PURPOSE: COVID 19 RESPONSE INITIATIVE

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,415,952
Earnings$3,520,001
Admin Expense$118,304
Net Contributions$5,516,911
Other Expense$1,028,939
Grants$3,805,465
Ending Balance$13,500,156

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