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Palm Bay Municipal Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 900985625 ✦ Palm bay, FL ✦ Designated as a 501(c)(3)

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Overview

What is Palm Bay Municipal Foundation Inc?

Palm Bay Municipal Foundation Inc is a nonprofit organization that demonstrates its commitment to community welfare by providing financial assistance to organizations addressing pressing societal issues. In this instance, they have allocated funds to two distinct causes. Specifically, they granted $8,500 to an organization named The Source, which repurposes a bus as temporary housing for homeless individuals in need of shelter. Furthermore, they provided HCI with $8,637.95 to ensure adequate cold weather sheltering for the homeless population during harsh weather conditions. This nonprofit's actions highlight their dedication to alleviating homelessness in Palm Bay, Florida.

Is Palm Bay Municipal Foundation Inc legitimate?

Palm Bay Municipal Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Bay Municipal Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Palm Bay Municipal Foundation Inc?

The Palm Bay Municipal Foundation, in its mission, contributes financially to organizations that cater to the needs of the less fortunate. Specifically, it provided $8,500 to an organization named The Source, which offers temporary housing for the homeless on a converted bus. Additionally, it granted $8,637.95 to another organization, HCI, to facilitate cold weather sheltering for homeless individuals. The Foundation's actions indicate a commitment to alleviating homelessness and providing essential services in the community.

Who is the CEO of Palm Bay Municipal Foundation Inc?

Suzanne Sherman is the Executive Director of Palm Bay Municipal Foundation Inc.

What is the revenue of Palm Bay Municipal Foundation Inc?

Palm Bay Municipal Foundation Inc's revenue in 2022 was $62,108.

Who are the executives of Palm Bay Municipal Foundation Inc and what are their salaries?


Here are 8 key members and their salaries:


Rob Medina (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Johnson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donny Felix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Sherman (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Wojciechowski (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Jones (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Smith (Registered Agent)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Palm Bay Municipal Foundation Inc?

Palm Bay Municipal Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Palm Bay Municipal Foundation Inc

The Palm Bay Municipal Foundation, as illustrated in the provided information, is an organization that demonstrates its commitment to addressing homelessness in various ways. Specifically, it has provided financial support to two different initiatives aimed at addressing this issue. Firstly, the foundation granted $8,500 to an organization named The Source, allowing them to offer sleeping facilities to the homeless on a converted bus. Secondly, the foundation provided HCI with $8,637.95 to offer cold weather sheltering to homeless individuals. This suggests that the Palm Bay Municipal Foundation's mission is centered around supporting organizations and initiatives that aim to provide shelter and essential needs to homeless individuals, particularly during harsh weather conditions.

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Impact




August, 2024

The Palm Bay Municipal Foundation Inc's impact includes providing financial support to organizations, such as The Source, which offers sleeping facilities for the homeless on a converted bus. Additionally, the foundation has helped fund cold weather sheltering for the homeless through HCI. These actions demonstrate the foundation's commitment to addressing human services needs within the community.




This information is meant to be a general summary of Palm Bay Municipal 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.

Revenue
$62,108 (2022)
Expenses
$25,318 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Gross Receipts: $90,052

Assets and Liabilities:

  • Total Assets: $67,583
  • Total Liabilities: $0
  • Net Assets: $67,583

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Organization Details

Principal Officer

Suzanne Sherman

Main Address

120 Malabar Rd SE, Palm Bay, FL, 32907

NTEE Category

Code: P99 - Human services

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