Pines Of Sarasota Foundation Inc

Organization Overview

Pines Of Sarasota Foundation Inc is located in Sarasota, FL. The organization was established in 1990. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Pines Of Sarasota Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pines Of Sarasota 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, Pines Of Sarasota Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $21.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING THE COMFORT, SAFETY AND CARE OF OUR RESIDENTS. PINES OF SARASOTA FOUNDATION RAISED FUNDS TO SUPPORT OUR MISSION, WHICH IS TO SUPPORT PINES OF SARASOTA HEALTHCARE, LLC RESIDENTS WHO HAVE OUTLIVED THEIR MEANS. PINES OF SARASOTA FOUNDATION ALSO RAISES FUNDS FOR CAPITAL IMPROVEMENTS TO THE CAMPUS TO ENSURE THAT THE RESIDENTS LIVING FACILITY CONTINUES TO PROVIDE A SAFE AND COMFORTABLE PLACE TO LIVE. PINES OF SARASOTA IS CELEBRATING ITS 74TH YEAR OF PROVIDING OUR RESIDENTS WITH THE CARE AND COMFORT THEY DESERVE.


CAMPUS IMPROVEMENTS:PINES REMAINS THE LARGEST PROVIDER OF LONG TERM CARE FOR LOW INCOME PEOPLE IN THE REGION. TO MEET THE EVER CHANGING NEEDS IN THE COMMUNITY, PINES HAS UNDERTAKEN THE BUILDING OF A NEW 90 BED ADDITION TO ITS CURRENT SKILLED NURSING FACILITY. THIS NEW BUILDING WILL BE A STATE OF THE ART FACILITY TO MEET THE EVER CHANGING NEEDS OF MEMORY AND SKILLED NURSING CARE.


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Board, Officers & Key Employees

Name (title)Compensation
Janet K Ginn
President
$163,477
Charla Burchett
Chair
$0
Edmund W Morton III
1st Vice Chair
$0
David Hoops
2nd Vice Chair
$0
Andrew Boyer
Secretary
$0
Kelly Saba
Treasurer
$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$1,260,396
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,260,396
Total Program Service Revenue$0
Investment income $190,532
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $638,139
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,089,067

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Pines Of Sarasota Foundation Inc has recieved totaling $3,000.

Awarding OrganizationAmount
Robert E Dods Family Foundation

Longboat Key, FL

PURPOSE: GENERAL OPERATIONS

$2,000
Swift Family Foundation Inc

Sarasota, FL

PURPOSE: UNRESTRICTED CHARITABLE DONATION

$500
Swift Family Foundation Inc

Sarasota, FL

PURPOSE: UNRESTRICTED CHARITABLE DONATION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,248,298
Earnings-$282
Net Contributions$363,783
Grants$20,176,421
Ending Balance$8,435,378

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