The Claude Pepper Foundation Inc
- Assets
- $4.3m
- Revenue
- $461.6k
- Investments
- $4.0m
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 59-2711448
Organization Overview
The Claude Pepper Foundation Inc is located in Tallahassee, FL. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claude Pepper 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, Claude Pepper Foundation Inc generated $461.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $241.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Claude Pepper Foundation Inc has awarded 20 individual grants totaling $528,075. 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
THE CLAUDE PEPPER FOUNDATION SERVES AS A LASTING TESTAMENT TO SENATOR PEPPER'S VISION AND COMMITMENT.THE FOUNDATION PRESERVES AND PROMOTES THE IDEAS, VALUES, PUBLIC POLICY GOALS, AND LIFE OF CLAUDE PEPPER TO ENSURE THAT THEY ARE A CONTINUING PART OF CONTEMPORARY AMERICAN POLITICAL AND SOCIAL DISCOURSE. FEDERAL AND STATE LAWMAKERS ARE PROVIDED INFORMATION ABOUT THESE IDEAS TO PROMOTE ACTIONS AND POLICIES THAT WILL RESULT IN A BETTER QUALITY OF LIFE FOR ALL AMERICANS. THIS GOAL IS PRIMARILY ACHIEVED THROUGH THE FOUNDATIONS'S SUPPORT OF THE CLAUDE PEPPER CENTER AT FLORIDA STATE UNIVERSITY. THROUGH THE CENTER'S PROGRAMS AND OPERATIONS, WHICH INCLUDE THE PEPPER LIBRARY, THE PEPPER MUSEUM, AND A COLLABORATION WITH THE PEPPER INSTITUTE ON AGING AND PUBLIC POLICY AND OTHER INSTITUTIONS, THE FOUNDATION DISSEMINATES RESEARCH, CONDUCTS SYMPOSIA, CONFERENCES, PUBLIC OUTREACH AND OTHER ACTIVITIES. THE VAST COLLECTION OF RESOURCES HOUSED AT THE PEPPER CENTER, WHICH WILL INCLUDE THE PAPERS OF OTHERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANALYZE PUBLIC POLICY ISSUES; DEVELOP EDUCATIONAL PROJECTS; SUPPORT THE CLAUDE PEPPER CENTER, AND THE PEPPER INSTITUTE ON AGING AND PUBLIC POLICY; PROVIDE GRANTS TO PROGRAMS THAT BENEFIT NEEDY AND/OR ELDERLY CITIZENS.ENGAGEMENT OF A SCHOLAR IN RESIDENCE, DR. LARRY POLIVKA, TO PROVIDE RESEARCH AND ADVOCACY IN THE AREAS OF LONG-TERM CARE AND RETIREMENT SECURITY. THE PURPOSE OF POLIVKA'S WORK IS TO EDUCATE AND INFORM POLICY MAKERS, EDUCATORS AND THE GENERAL PUBLIC OF THE POLICY EFFECTS AND ISSUES RELATED TO THE PRESENT AND FUTURE SENIOR AND DEVELOPMENTALLY DISABLED POPULATIONS IN THE STATE OF FLORIDA AND NATION. POLIVKA IS AN ACCOMPLISHED SCHOLAR, ADMINSTRATOR AND LEADER IN THE FIELD OF AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen R Macnamara Secretary | Officer | 10 | $42,000 |
Tom Herndon Treas/exec. Director | Officer | 10 | $22,500 |
Larry Polivka Director | Trustee | 20 | $12,500 |
Heather W Greenaway Exec. Vp/director | OfficerTrustee | 5 | $0 |
Thomas J Spulak Chair/pres/director | OfficerTrustee | 5 | $0 |
Branson Willis Director | Trustee | 5 | $0 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Investment income | $100,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $356,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,000 |
| Compensation of current officers, directors, key employees. | $10,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,016 |
| Fees for services: Other | $34,436 |
| Advertising and promotion | $0 |
| Office expenses | $657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $241,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $249,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $3,994,877 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,000 |
| Total assets | $4,271,437 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,271,437 |
| Net assets with donor restrictions | $0 |
| 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 | $4,271,437 |
Grants Awarded
Over the last fiscal year, The Claude Pepper Foundation Inc has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: EDUCATION | $50,000 |
Washington, DC PURPOSE: EDUCATION | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |