Overview
What is Gulf Coast Community Foundation Inc?
Gulf Coast Community Foundation Inc, based in Venice, Florida, functions as a regional leader in identifying priority issues through research and creating catalytic community initiatives to address those concerns. They invest in projects that involve cross-sector collaboration and leverage additional philanthropic funding. The organization's initiatives this year focused on responding to the needs of vulnerable individuals affected by the COVID-19 pandemic, supporting arts and cultural organizations, mental health services for children, improving environmental quality, sustainable redevelopment, criminal justice reform, substance abuse prevention, and homelessness services. They also strengthen nonprofit organization governance and literacy intervention for first-graders. The Foundation grants funds to support the work of nonprofit organizations in the region through various programs such as Leveraged Grants, Community Grants, Sponsorship Grants, and Arts Appreciation Grants. In summary, Gulf Coast Community Foundation works in partnership with donors to transform their region through proactive and bold philanthropy.
Official website here: www.gulfcoastcf.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that Gulf Coast Community Foundation Inc is an exceptionally well-managed nonprofit, earning a Four-Star out of Four Star rating. The organization excels in accountability and finance, scoring 100% in this area, which reflects their strong governance practices and transparency. The foundation features a majority independent board and has robust policies in place, demonstrating a commitment to ethical operations.
In terms of financial health, Gulf Coast Community Foundation boasts impressive metrics, such as an 84.04% program expense ratio and a fundraising efficiency ratio of just $0.03, indicating low fundraising costs relative to donations received. Their working capital ratio of 8.00 years further emphasizes their financial stability, allowing them to effectively support their mission over the long term.
While the organization has a strong culture and community score of 82, it shows room for improvement in equity strategies, scoring 73 out of 100. Nonetheless, constituent feedback is perfect, suggesting that the community they serve feels heard and valued. Overall, Gulf Coast Community Foundation demonstrates a high level of operational integrity and effectiveness in their charitable endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Coast Community Foundation Inc legitimate?
Gulf Coast Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Coast Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,191,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,911,053
For more financial information, click here
Official website here: www.gulfcoastcf.org
What is the mission statement of Gulf Coast Community Foundation Inc?
The Gulf Coast Community Foundation Inc, in partnership with its donors, is dedicated to transforming their region through bold and proactive philanthropy. By identifying priority issues through rigorous research, they initiate catalytic community projects that address these concerns. Their initiatives often involve cross-sector collaboration and attract additional philanthropic funding. In 2021, they devoted resources to various causes, including supporting those most affected by the COVID-19 pandemic, the arts sector, improving mental health services for children, enhancing environmental quality, and fostering sustainable redevelopment projects. The Foundation also strengthens nonprofit organizations through grant programs, such as Leveraged Grants, Community Grants, Sponsorship Grants, and Arts Appreciation Grants.
Official website here: www.gulfcoastcf.org
Who is the CEO of Gulf Coast Community Foundation Inc?
Mark Pritchett is the CEO of Gulf Coast Community Foundation Inc The CEO's salary of Gulf Coast Community Foundation Inc is $196,104 and their total compensation is $204,088.
Official website here: www.gulfcoastcf.org
What is the revenue of Gulf Coast Community Foundation Inc?
Gulf Coast Community Foundation Inc's revenue in 2024 was $54,435,281.
Official website here: www.gulfcoastcf.org
Who are the executives of Gulf Coast Community Foundation Inc and what are their salaries?
The average compensation at Gulf Coast Community Foundation Inc during 2024 was $103,420. There are 30 employees and 14 volunteers at Gulf Coast Community Foundation Inc.
Here are 23 key members and their salaries (Gulf Coast Community Foundation Inc's CEO's salary is $196,104 and their total compensation is $204,088):
- Compensation: $252,586
- Related: $0
- Other: $28,165
- Compensation: $234,491
- Related: $0
- Other: $16,366
- Compensation: $64,388
- Related: $0
- Other: $24,176
- Compensation: $129,531
- Related: $0
- Other: $4,716
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250,134
- Related: $0
- Other: $26,711
- Compensation: $196,104
- Related: $0
- Other: $7,984
- Compensation: $177,539
- Related: $0
- Other: $6,778
- Compensation: $192,745
- Related: $0
- Other: $34,242
- Compensation: $0
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- Other: $0
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Official website here: www.gulfcoastcf.org
Where can I find the form 990 for Gulf Coast Community Foundation Inc?
Gulf Coast Community Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gulfcoastcf.org
Learn more at the official website: www.gulfcoastcf.org
Mission Statement of Gulf Coast Community Foundation Inc
Gulf Coast Community Foundation Inc, a regional leader in philanthropy, works hand in hand with donors to transform their community through bold and proactive initiatives. By identifying priority issues through rigorous research, the Foundation funds catalytic community projects that tackle these concerns. These initiatives often involve cross-sector collaboration and leverage additional philanthropic funding.
The Foundation's mission is to make a significant impact on the region. In response to pressing needs, they have responded to the vulnerable populations affected by the COVID-19 pandemic, supported arts and cultural organizations, and built a system of accessible, integrated, and trauma-informed services for children, youth, and young adults in Sarasota County. They are also addressing environmental quality, improving the board governance of nonprofit organizations, and fostering civility in public schools.
Additionally, Gulf Coast Community Foundation Inc supports the work of nonprofit organizations in the region through various grant programs. Leveraged grants fund collaborative projects and programs that target regional priorities in measurable ways. Community grants provide funding for smaller projects and needs at regional nonprofits, while sponsorship grants help nonprofit partners maximize fundraising and awareness activities. Arts Appreciation Grants offer unrestricted funding to cornerstone arts and cultural organizations in the region.
In essence, Gulf Coast Community Foundation Inc is a catalyst for change, collaborating with donors and community stakeholders to address the most pressing issues and invest in the future of their region.
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Impact
October, 2024
Gulf Coast Community Foundation Inc significantly transforms its region through proactive philanthropy, addressing critical needs and creating sustainable change. By engaging in extensive quantitative and qualitative research, it identifies priority issues that affect the community and develops innovative initiatives tailored to these challenges.
In the wake of the COVID-19 pandemic, the foundation has prioritized the most vulnerable populations, providing essential support to individuals and families affected by the health crisis. Additionally, it has bolstered the arts and cultural sector, helping organizations navigate the financial hardships ensuing from pandemic-related restrictions.
The foundation fosters collaboration among key stakeholders to enhance mental health services for children, youth, and young adults, ensuring access to trauma-informed care. Environmental quality initiatives demonstrate its commitment to the region's ecological health, educating citizens about sustainable practices and environmental stewardship.
Gulf Coast Community Foundation is also instrumental in addressing systemic issues within the criminal justice system and combating the opioid crisis, focusing on prevention and intervention strategies. By improving services for the chronically homeless and unaccompanied youth, it seeks to create a supportive safety net for the most marginalized community members.
Additionally, the foundation invests in early childhood education, supporting first-graders struggling with literacy through targeted interventions, and promoting civility within public schools.
Through various grant programs, Gulf Coast amplifies its impact by funding collaborative and small-scale projects that tackle regional priorities effectively. Its commitment to strengthening the governance and operational efficiency of regional organizations further enhances the overall community capacity for positive change. Overall, Gulf Coast Community Foundation Inc plays a pivotal role in fostering resilience and growth within its region.
This information is meant to be a general summary of Gulf Coast Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,847,509
- Program Service Revenue: $4,099,528
- Gross Receipts: $170,003,096
Assets and Liabilities:
- Total Assets: $411,069,499
- Total Liabilities: $29,797,441
- Net Assets: $381,272,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$4,099,528
Organization Details
Founding Year
2003
Principal Officer
Mark Pritchett
Website
www.gulfcoastcf.orgNTEE Category
Code: T310 - Philanthropy
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