Trace Family Foundation Inc
- Assets
- $6.0k
- Revenue
- $21.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Cloud, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-1260292
Organization Overview
Trace Family Foundation Inc is located in Saint Cloud, FL. According to its NTEE Classification (T31) the organization is classified as: Community 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. Trace Family 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 12/2023, Trace Family Foundation Inc generated $21.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CIVIL, SOCIAL, AND CULTURAL PROGRAMS AIMED AT IMPROVING THE QUALITY OF LIFE OF CITIZENS AND CREATING SCHOLARSHIP OPPORTUNITIES. DIRECT CONTRIBUTIONS TO 18 CHARITABLE ORGANIZATIONS DURING 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Trace President | 1 | $0 | |
Kelly Trace Vice Pres. | 2 | $0 | |
Marie Trace Secretary | 1 | $0 | |
Robert Jeck Treasurer | 3 | $0 | |
Austin Blake Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,483 |
| Total operating and administrative expenses | $3,643 |
| Contributions, gifts, grants paid | $24,922 |
| Total expenses and disbursements | $28,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,982 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,982 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Trace Family Foundation Inc has awarded $24,922 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION FOUNDATION - OSCEOLA COUNTY PURPOSE: DONATION TO LOCAL NONPROFITSERVING AREA CLASSROOMSAND QUALIFIED EDUCATORS | $3,500 |
THE CHAMBER FOUNDATION PURPOSE: GRANT TO COMMUNITY ORGANIZATIONTHAT SERVES LOCAL BUSINESSESAND THE GENERAL COMMUNITY | $500 |
BOYS & GIRLS CLUBS OF CENTRAL FL PURPOSE: SUPPORTING YOUTH PROGRAMSFOR VULNERABLE CHILDRENIN OSCEOLA COUNTY FL | $5,000 |
SCHOOL DISTRICT OF OSCEOLA COUNTY PURPOSE: SUPPORTING TEACHERS AND STAFFFOR LOCAL SCHOOL SYSTEM | $200 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORTING SCOUTING PROGRAMIN LOCAL COMMUNITY THRUCENTRAL FLORIDA COUNCIL | $310 |
OSCEOLA ARTS PURPOSE: SPONSORSHIP FUND TO SUPPORTTHE ARTS FOR YOUTH AND ADULTSIN LOCAL COMMUNITY | $1,500 |