Overview
What is Suncoast Credit Union Foundation?
Suncoast Credit Union Foundation is a nonprofit organization situated in Tampa, Florida, with a strong commitment to enriching the educational experiences of students and teachers in Lee County Public Schools. Through its partnerships with the private sector, the foundation has established and managed various programs and initiatives, enabling students and educators to excel. The foundation extends support to students and families in financial need, supplies educators with valuable resources for an optimal learning environment, and honors outstanding students and educators who demonstrate excellence. Their charitable activities primarily involve fundraising, making contributions, and awarding scholarships, all with the ultimate goal of promoting children's education, health, and emotional well-being in their communities. They also contribute to medical research and development, family support organizations, and other charitable programs that directly benefit children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Suncoast Credit Union Foundation has received a two-star rating from Charity Navigator, which indicates that while the organization shows some strengths, there are significant areas that require attention, particularly in accountability and finance. The Foundation excels in aspects such as having a majority independent board and a favorable liabilities to assets ratio, suggesting a stable financial structure. However, the low scores in areas such as financial statements and the absence of key policies indicate a lack of transparency and governance practices.
While the Foundation demonstrates a solid commitment to program expense efficiency and working capital management, the fundraising efficiency ratio scored poorly. This suggests that the organization may struggle in generating funds relative to its fundraising costs, which could impact its ability to sustain programs in the long term. The absence of a conflict of interest policy, whistleblower policy, and proper document management measures raises concerns about its governance practices.
Overall, the Suncoast Credit Union Foundation's rating highlights a mix of operational strengths and governance weaknesses. Addressing the identified areas for improvement could enhance its effectiveness and trustworthiness in the eyes of donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Suncoast Credit Union Foundation legitimate?
Suncoast Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suncoast Credit Union Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Suncoast Credit Union Foundation?
The Suncoast Credit Union Foundation's mission is centered around promoting the education, health, and emotional well-being of children in various communities. They achieve this by providing scholarships and making charitable contributions to public schools, medical research and development, family support organizations, and other programs directly benefiting children. The foundation has forged partnerships with the private sector, enabling the creation and operation of initiatives that enhance the learning experience for students and teachers in public schools. Moreover, the foundation extends support to financially struggling students and families, offers resources to educators for an effective learning environment, and recognizes the excellence of both students and educators.
Who is the CEO of Suncoast Credit Union Foundation?
Gary Gresham is the Trustee of Suncoast Credit Union Foundation.
What is the revenue of Suncoast Credit Union Foundation?
Suncoast Credit Union Foundation's revenue in 2022 was $5,210,276.
Who are the executives of Suncoast Credit Union Foundation and what are their salaries?
There 4 volunteers at Suncoast Credit Union Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $139,227
- Other: $26,212
Where can I find the form 990 for Suncoast Credit Union Foundation?
Suncoast Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Suncoast Credit Union Foundation
Suncoast Credit Union Foundation is committed to promoting the education, health, and emotional well-being of children in their communities. They achieve this mission by awarding scholarships and making charitable contributions to various organizations and programs. The foundation directly benefits children through its support of public schools, medical research and development, family support organizations, and other charitable initiatives.
In partnership with the private sector, Suncoast Credit Union Foundation has created and operated programs and initiatives that provide opportunities for students and teachers in Lee County Public Schools to excel. The foundation also extends support to students and families in financial need, providing them with resources for an effective learning environment. Furthermore, Suncoast Credit Union Foundation recognizes and rewards students and educators who demonstrate excellence.
By investing in the education and well-being of children, Suncoast Credit Union Foundation aims to make a significant impact on their communities. Their contributions and scholarships play a vital role in empowering children, enabling them to reach their full potential and lead fulfilling lives.
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Impact
July, 2024
Suncoast Credit Union Foundation's impact includes promoting the education, health, and emotional well-being of children in our communities through scholarships and contributions to public schools, medical research and development, family support organizations, and other charitable programs of direct benefit to children. The foundation's partnerships with the private sector have allowed them to create and operate programs and initiatives that give students and teachers in Lee County public schools the opportunity to excel. They support students and families in financial need, provide educators resources for an effective learning environment, and reward students and educators who prove their excellence. Their focus on education aligns with their mission to make a positive difference in the lives of children.
This information is meant to be a general summary of Suncoast Credit Union Foundation. 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 2022.
- Investment Income: $139,124
- Gross Receipts: $8,425,459
Assets and Liabilities:
- Total Assets: $9,626,810
- Total Liabilities: $0
- Net Assets: $9,626,810
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Organization Details
Founding Year
1991
Phone
(800) 999-5887Principal Officer
Gary Gresham
Main Address
6801 E HILLSBOROUGH AVENUE, TAMPA, FL, 33610
NTEE Category
Code: B82Z - Education
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