Loblollypop Foundation Inc
- Assets
- $2.0m
- Revenue
- $859.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 12/1998
- Data as of
- 06/2021
- EIN
- 65-0865926
Organization Overview
Loblollypop Foundation Inc is located in Hobe Sound, FL. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loblollypop 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 06/2021, Loblollypop Foundation Inc generated $859.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $834.0k during the year ending 06/2021. While expenses have increased by 11.4% 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, Loblollypop Foundation Inc has awarded 171 individual grants totaling $5,326,991. 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
TO SUPPORT THE EDUCATIONAL, HEALTH AND WELFARE NEEDS OF THE HOBE SOUND AND MARTIN COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SERVES ITS EXEMPT PURPOSE BY PROVIDING FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS PROVIDING FOR THE WELFARE NEEDS OF HOBE SOUND AND MARTIN COUNTY, FL.
THE FOUNDATION, THROUGH THE CHARLES MILLARD FUND, PROVIDES FOR THE MEDICAL, EDUCATIONAL, AND EMERGENCY NEEDS OF THE LOBLOLLY COMMUNITY EMPLOYEES AND CADDIES AND THEIR FAMILIES.
THE FOUNDATION, THROUGH THE FRIENDS AT LOBLOLLY, PROVIDES SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND EMERGENCY ASSISTANCE GRANTS TO INDIVIDUALS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Finn Vice Chair | OfficerTrustee | 1 | $0 |
John Peacock Chairman | OfficerTrustee | 1 | $0 |
Philip Franke Board Member | Trustee | 1 | $0 |
Alice Mclelland Board Member | Trustee | 1 | $0 |
Jody Carlson Board Member | Trustee | 1 | $0 |
Rod Day Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $545,106 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $293,790 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,896 |
| Total Program Service Revenue | $0 |
| Investment income | $253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,980 |
| Net Income from Fundraising Events | -$205 |
| Net Income from Gaming Activities | $22,981 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $711,446 |
| Grants and other assistance to domestic individuals. | $103,220 |
| 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 | $0 |
| 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 | $0 |
| Total functional expenses | $833,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $983,805 |
| Savings and temporary cash investments | $976,633 |
| Pledges and grants receivable | $19,700 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,980,138 |
| Accounts payable and accrued expenses | $2,547 |
| Grants payable | $735,691 |
| 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 | $5 |
| Total liabilities | $738,243 |
| Net assets without donor restrictions | $1,241,895 |
| 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 | $1,980,138 |
Grants Awarded
Over the last fiscal year, Loblollypop Foundation Inc has awarded $698,446 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Stuart, FL PURPOSE: Support | $120,000 |
Palm City, FL PURPOSE: Support | $60,000 |
Hobe Sound, FL PURPOSE: Education | $50,000 |
Hobe Sound, FL PURPOSE: Education | $50,000 |
BANNER LAKE PURPOSE: Support | $50,000 |
Stuart, FL PURPOSE: Support | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Loblollypop Foundation Inc has recieved totaling $55,050.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $11,000 |
Sanborn Family Foundation Barnstable, MA PURPOSE: UNRESTRICTED | $10,000 |
The@james T And Linda M Flynn Family Foundation Hobe Sound, FL PURPOSE: ENVIRONMENTAL | $10,000 |
Rehm Family Foundation Hobe Sound, FL PURPOSE: COMMUNITY SUPPORT | $7,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $6,000 |
Kreitler Foundation Inc Fairfield, CT PURPOSE: UNRESTRICTED | $5,050 |
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 |