Manatee Memorial Foundation Inc
- Assets
- $1.4m
- Revenue
- $818.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Bradenton, FL
- Founding
- 05/1993
- Data as of
- 08/2020
- EIN
- 65-0392921
Organization Overview
Manatee Memorial Foundation Inc is located in Bradenton, FL. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Manatee Memorial Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manatee Memorial 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 08/2020, Manatee Memorial Foundation Inc generated $818.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $790.6k during the year ending 08/2020. While expenses have increased by 2.9% 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, Manatee Memorial Foundation Inc has awarded 24 individual grants totaling $619,206. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MANATEE MEMORIAL HOSPITAL FOUNDATION IS TO OFFER SUPPORT TO INDIVIDUALS DIRECTLY OR INDIRECTLY THAT HAVE HEALTH-RELATED SITUATIONS, SUPPORT OTHER NOT-FOR-PROFIT AGENCIES IN REACHING THEIR FULLEST POTENTIAL, AND ASSIST INDIVIDUALS TO OBTAIN THEIR EDUCATIONAL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS & FUNDING TO COMMUNITY ORGANIZATIONS FOR HEALTH RELATED PROGRAMS & STUDENT SCHOLARSHIPS TO HELP ESTABLISH & MAINTAIN A STEADY FLOW OF SKILLED MEDICAL PERSONNEL IN MANATEE COUNTY.
EDUCATE THE PUBLIC AND PROVIDE CONFERENCES ON VARIOUS HEALTH TOPICS.
CONTINUED EFFORTS TO IMPROVE HOSPITAL PATIENTS' STAYS WITH HOLIDAY DECORATIONS, HEALTH-RELATED GIFTS, READING MATERIALS, ETC.
MANATEE MEMORIAL FOUNDATION RAISES FUNDS FROM EVENTS TO GIVE TO MEDICAL RELATED 501C3 ORGANIZATIONS IN MANATEE AND SARASOTA COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richardson Carolyn Director/sec | OfficerTrustee | $0 | |
Gross Richard Director/cha | OfficerTrustee | $0 | |
Desear Vernon CEO | OfficerTrustee | $0 | |
Freije William Director/tre | OfficerTrustee | $0 | |
Body Bruce Vice Chairma | OfficerTrustee | $0 | |
Revels Robert Director/tre | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $520,895 |
| Investment income | $361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $259,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $109,332 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $249,681 |
| 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 | $11,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,701 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,357 |
| Insurance | $9,118 |
| All other expenses | $0 |
| Total functional expenses | $790,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $318,919 |
| 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 | $4,399 |
| Inventories for sale or use | $91,385 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $24,500 |
| Intangible assets | $0 |
| Other assets | $1,905 |
| Total assets | $1,419,773 |
| 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 | $249,369 |
| Total liabilities | $249,369 |
| 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 |
| Total liabilities and net assets/fund balances | $1,170,404 |
Grants Awarded
Over the last fiscal year, Manatee Memorial Foundation Inc has awarded $95,425 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MANATEE MEMORIAL HOSPITAL | | | $60,000 |
ART CENTER MANATEE | | | $12,500 |
Bradenton, FL PURPOSE: CHARITY | $10,000 |
TROPEX | | | $6,925 |
EARLY LEARNING COALITION | | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manatee Memorial Foundation Inc has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |