Suncoast Credit Union Foundation
- Assets
- $9.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 59-3037324
Organization Overview
Suncoast Credit Union Foundation is located in Tampa, FL. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suncoast Credit Union Foundation 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, Suncoast Credit Union Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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, Suncoast Credit Union Foundation has awarded 719 individual grants totaling $21,939,667. 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
FUNDRAISING, CHARITABLE CONTRIBUTIONS, AND AWARDING SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL DISTRICT OF LEE COUNTY IS THE 33RD LARGEST SCHOOL DISTRICT IN THE COUNTRY. IT IS MADE UP OF OVER 90,000 STUDENTS FROM GRADES K THROUGH 12 AND 12,000+ FULL- AND PART-TIME EMPLOYEES, WHICH INCLUDES 5,500 EDUCATORS. NOT ONLY IS LEE COUNTY'S PUBLIC SCHOOL DISTRICT ONE OF THE LARGEST, BUT IT IS ALSO ONE OF THE MOST SOCIOECONOMICALLY DISADVANTAGED; 70% OF THE STUDENTS IN LEE COUNTY MEET FEDERAL GUIDELINES FOR POVERTY. THESE STATISTICS SHOW THE GREAT IMPORTANCE OF SUPPORTING LEE COUNTY PUBLIC SCHOOLS.
AS PART OF THE REGION'S STRATEGIC SOLUTION TO THE CHILDREN'S MENTAL AND BEHAVIORAL HEALTH EPIDEMIC IN SOUTHWEST FLORIDA, LEE MEMORIAL HEALTH SYSTEM FOUNDATION IS BRINGING IMPROVED ACCESS TO CARE FOR FAMILIES AND PROVIDES A FRAMEWORK TO CONNECT COMMUNITY PARTNERS. THIS IS BEING DONE BY PROVIDING CHILD ADVOCATES, CASE MANAGERS AND CARE NAVIGATORS TO HELP CHILDREN AND FAMILIES ACCESS NEEDED BEHAVIORAL HEALTH SERVICES AND USE THEM MORE EFFECTIVELY AND EFFICIENTLY.
THE HILLSBOROUGH EDUCATION FOUNDATION PROVIDES FUNDING TO HILLSBOROUGH COUNTY SCHOOLS THROUGH GRANTS, SCHOLARSHIPS, TEACHER RECOGNITION, ETC.
VARIOUS DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zamir Ode Trustee | OfficerTrustee | 1 | $0 |
Jounice L Nealy-Brown Trustee | OfficerTrustee | 1 | $0 |
Gary Gresham Trustee | OfficerTrustee | 1 | $0 |
Andrea L Falvey Trustee | OfficerTrustee | 1 | $0 |
Cindy Helton Executive Director | Officer | 40 | $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 | $4,714,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,714,038 |
| Total Program Service Revenue | $0 |
| Investment income | $91,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $156,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,962,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,607,070 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,487 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $781 |
| Total functional expenses | $3,628,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,436,653 |
| 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 | $4,917,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,353,837 |
| Accounts payable and accrued expenses | $22,900 |
| 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 | $22,900 |
| Net assets without donor restrictions | $0 |
| 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 | $9,330,937 |
| Total liabilities and net assets/fund balances | $9,353,837 |
Grants Awarded
Over the last fiscal year, Suncoast Credit Union Foundation has awarded $3,381,501 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: 2021-2022 FUNDING | $298,200 |
THE SCHOOL DISTRICT OF LEE COUNTY PURPOSE: 2021-2022 FUNDING | $272,775 |
Fort Myers, FL PURPOSE: 2021-2022 FUNDING | $198,125 |
Naples, FL PURPOSE: 2021-2022 FUNDING | $195,000 |
Land Olakes, FL PURPOSE: 2021-2022 FUNDING | $154,230 |
Brooksville, FL PURPOSE: 2021-2022 FUNDING | $150,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Suncoast Credit Union Foundation has recieved totaling $250,746.
| Awarding Organization | Amount |
|---|---|
Suncoast Credit Union Tampa, FL PURPOSE: FUNDING EDUCATION & MEDICAL NEEDS OF CHILDREN IN FLORIDA | $250,746 |
Endowment Analysis
| Beg. Balance | $4,489,996 |
| Earnings | $448,456 |
| Admin Expense | $21,268 |
| Ending Balance | $4,917,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |