Triumph Gulf Coast Inc

Organization Overview

Triumph Gulf Coast Inc is located in Tallahassee, FL. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triumph Gulf Coast 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, Triumph Gulf Coast Inc generated $80.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.2%) 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.

Since 2018, Triumph Gulf Coast Inc has awarded 42 individual grants totaling $48,139,323. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL. TRIUMPH GULF COAST, INC., IS REQUIRED TO ADMINISTER THE DISTRIBUTION OF THE FUNDS TO BE USED FOR THE RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE EIGHT NORTHWEST FLORIDA COUNTIES DISPROPORTIONATELY AFFECTED BY THE OIL SPILL. THOSE COUNTIES INCLUDE ESCAMBIA, SANTA ROSA, OKALOOSA, WALTON, BAY, GULF, FRANKLIN AND WAKULLA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRIUMPH GULF COAST, INC., SHALL MAKE AWARDS FROM AVAILABLE FUNDS TO PROJECTS OR PROGRAMS THAT MEET THE PRIORITIES FOR ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES. TRIUMPH OPENED THE APPLICATION PROCESS FOR THESE FUNDS IN NOVEMBER 2017. THE FIRST GRANTS WERE AWARDED IN 2018. AWARDS MAY BE PROVIDED FOR: (1) AD VALOREM TAX RATE REDUCTION WITHIN DISPROPORTIONATELY AFFECTED COUNTIES; (2) LOCAL MATCH REQUIREMENTS OF FLORIDA S. 288.0655 FOR PROJECTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES; (3) PUBLIC INFRASTRUCTURE PROJECTS FOR CONSTRUCTION, EXPANSION, OR MAINTENANCE WHICH ARE SHOWN TO ENHANCE ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES; (4) GRANTS TO LOCAL GOVERNMENTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES TO ESTABLISH AND MAINTAIN EQUIPMENT AND TRAINED PERSONNEL FOR LOCAL ACTION PLANS OF RESPONSE TO RESPOND TO DISASTERS; (5) GRANTS TO SUPPORT PROGRAMS THAT PREPARE STUDENTS FOR FUTURE OCCUPATIONS AND CAREERS AT K-20 INSTITUTIONS THAT HAVE CAMPUSES IN DISPROPORTIONATELY AFFECTED COUNTIES. ELIGIBLE PROGRAMS INCLUDE THOSE THAT INCREASE STUDENTS' TECHNOLOGY SKILLS AND KNOWLEDGE; ENCOURAGE INDUSTRY CERTIFICATIONS; PROVIDE RIGOROUS, ALTERNATIVE PATHWAYS FOR STUDENTS TO MEET HIGH SCHOOL GRADUATION REQUIREMENTS; STRENGTHEN CAREER READINESS INITIATIVES; FUND HIGH-DEMAND PROGRAMS OF EMPHASIS AT THE BACHELOR'S AND MASTER'S LEVEL DESIGNATED BY THE BOARD OF GOVERNORS; AND, SIMILAR TO OR THE SAME AS TALENT RETENTION PROGRAMS CREATED BY THE CHANCELLOR OF THE STATE UNIVERSITY SYSTEM AND THE COMMISSION OF EDUCATION, ENCOURAGE STUDENTS WITH INTEREST OR APTITUDE FOR SCIENCE, TECHNOLOGY, ENGINEERING,MATHEMATICS, AND MEDICAL DISCIPLINES TO PURSUE POSTSECONDARY EDUCATION AT A STATE UNIVERSITY OF A FLORIDA COLLEGE SYSTEM INSTITUTION WITHIN THE DISPROPORTIONATELY AFFECTED COUNTIES; (6) GRANTS TO SUPPORT PROGRAMS THAT PROVIDE PARTICIPANTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES WITH TRANSFERABLE, SUSTAINABLE WORKFORCE SKILLS THAT ARE NOT CONFINED TO A SINGLE EMPLOYER; AND (7) GRANTS TO THE TOURISM ENTITY CREATED UNDER FLORIDA S. 288.1226 FOR THE PURPOSE OF ADVERTISING AND PROMOTING TOURISM AND FRESH FROM FLORIDA, AND GRANTS TO PROMOTE WORKFORCE AND INFRASTRUCTURE, ON BEHALF OF ALL OF THE DISPROPORTIONATELY AFFECTED COUNTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Skelton
Executive Director
$97,734
Don Gaetz
Chair
$0
Reynolds Henderson
Treasurer
$0
J Collier Merrill
Board Member
$0
Benjamin Lee
Board Member
$0
David M Bear
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clark Partington Hart Larry Bond And
Legal Services
$216,728
Tipton Marler Garner & Chastain
Accounting Services
$156,092
Rick Harper Phd Inc
Economic Advisor/consulting Services
$115,353
Henderson Public Affairs
Public Relations
$100,791
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $80,000,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$80,000,000
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $80,000,000

Grants Awarded

Over the last fiscal year, Triumph Gulf Coast Inc has awarded $20,549,626 in support to 18 organizations.

Grant RecipientAmount

SANTA ROSA COUNTY BOARD OF COUNTY COMMISSIONERS

PURPOSE: THE GRANT WOULD PROVIDE FUNDING FOR PROPOSED INFRASTRUCTURE CONSTRUCTION TO THE I-10 INDUSTRIAL PARK THAT WILL HOUSE A PHARMACEUTICAL AND MEDICAL DEVICE DISTRIBUTION COMPANY.

$5,436,429

CITY OF PANAMA CITY

PURPOSE: THIS GRANT WILL ASSIST IN INCREASING EMPLOYMENT OPPORTUNITIES THROUGH A PUBLIC/PRIVATE PARTNERSHIP BETWEEN PANAMA CITY AND EASTERN SHIPBUILDING GROUP, PROVIDING EMPLOYMENT FOR THE MANUFACTURING, LAUNCHING AND OUTFITTING OF TEN TO TWENTY-FIVE UNITED STATES COAST GUARD OFFSHORE PATROL CUTTERS AT ITS SHIPYARDS IN PANAMA CITY.

$3,441,536

GULF COAST STATE COLLEGE

PURPOSE: THE GRANT WILL PROVIDE FUNDING TO LEVERAGE OR ENHANCE REGIONAL ASSETS TO PROVIDE TRAINING AND EQUIPMENT NEEDED TO RESPOND TO DISASTERS USING UNMANNED VEHICLES.

$2,530,610

WAKULLA COUNTY SCHOOL BOARD

PURPOSE: THE GRANT WILL PROVIDE FUNDING FOR THE WAKULLA COUNTY SCHOOL BOARD'S (WCSB) PROJECT TO CONSTRUCT A BUS GARAGE FOR STUDENT TRANSPORTATION AND TO RENOVATE THE CURRENT BUS GARAGE FOR THE NEW CAREER AND TECHNICAL CENTER (CTE). 2 NEW PORGRAMS WILL INITIALLY BE HOUSED IN THE WAKULLA CTE, IN THE AUTOMOTIVE AND HVAC INDUSTRIES. THESE NEW PROGRAMS WILL BOLSTER THE AVAILABILITY FOR THE WCSB STUDENTS TO RECEIVE INDUSTRY CERTIFICATIONS.

$2,222,490

NORTHWEST FLORIDA STATE COLLEGE

PURPOSE: THE GRANT WILL PROVIDE FUNDING TO ESTABLISH THE WALTON WORKS TRAINING CENTER OF EXCELLENCE TO INCREASE NORTHWEST FLORIDA STATE COLLEGE'S ABILITY TO PROVIDE INDUSTRY-RECOGNIZED CREDENTIALS AND EXPAND PROGRAMS THAT ADDRESS THE UNMET HIRING NEEDS OF EMPLOYERS IN THE REGION. ADDITIONAL FUNDING IS REQUESTED TO CREAT THE AVIATION CENTER OF EXCELLENCE TO ESTABLISH WORKFORCE TRAINING PROGRAMS AT THE CRESTVIEW TECHNOLOGY AIR PARK IN OKALOOSA COUNTY.

$1,402,239

PANAMA CITY PORT AUTHORITY

PURPOSE: THE GRANT WILL ASSIST IN PANAMA CITY PORT AUTHORITY'S PROJECT FOR THE FIRST PHASE OF THE EAST TERMINAL DEVELOPMENT WHICH INCLUDES THE CONSTRUCTION OF A 260,000 SQUARE FOOT MODERN FOREST PRODUCTS WAREHOUSE, THE CONSTRUCTION OF A NEW 900-FOOT BULKHEAD WALL TO SUPPORT THE DEEPENING OF THE CHANNEL AND BERTH, IMPROVEMENTS TO THE BERTH APRON, THE CONSTRUCTION OF A 40-CAR RAIL YARD, THE CONSTRUCTION OF INTERNAL ROADS, THE CONSTRUCTION OF OUTSIDE STORAGE AREAS, THE INSTALLATION OF SECURITY FENCES, GATES, OUTDOOR LIGHTING, AND EMPLOYEE PARKING.

$1,349,232
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