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Nonprofiteer
← MANATEE COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by MANATEE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$8,689,100
Total expenses
$11,138,055
Contributions and grants received
$5,987,253
Grants paid
$9,438,420
Program service revenue
$526,026
Investment income
$2,224,224
Other revenue
-$48,403
Total assets, end of year
$62,863,473
Total liabilities, end of year
$15,800,712
Net assets or fund balances, end of year
$47,062,761
Program services expenses (Part IX)
$9,986,999
Management and general expenses
$557,978
Fundraising expenses
$593,078
Program service expenses (Part III)
$9,986,999

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $47,802

  • 1d · Related organizations

    $4,808

  • 1f · All other contributions, gifts and grants

    $5,934,643

  • 1g · Noncash contributions included above

    $1,177,046

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $526,026 · related or exempt $526,026

  • 3 · Investment income

    total $1,796,830 · excluded $1,796,830

  • 7a · Gross sales of assets other than inventory

    securities $15,793,322

  • 7b · Less cost or other basis and sales expenses

    securities $15,365,928

  • 7c · Gain or loss

    securities $427,394

  • 7d · Net gain or loss

    total $427,394 · excluded $427,394

  • 8a · Fundraising events: gross income

    $23,155

  • 8a · Fundraising events: contributions included on line 1c

    $47,802

  • 8b · Fundraising events: direct expenses

    $71,558

  • 8c · Net income from fundraising events

    total -$48,403 · excluded -$48,403

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,004,096 · program services $9,004,096

  • 2 · Grants to domestic individuals

    total $434,324 · program services $434,324

  • 5 · Compensation of officers, directors and key employees

    total $295,377 · program services $49,859 · management and general $134,694 · fundraising $110,824

  • 7 · Other salaries and wages

    total $208,655 · program services $98,338 · management and general $31,433 · fundraising $78,884

  • 8 · Pension plan contributions

    total $13,037 · program services $4,336 · management and general $7,452 · fundraising $1,249

  • 9 · Other employee benefits

    total $40,309 · program services $12,521 · management and general $16,601 · fundraising $11,187

  • 10 · Payroll taxes

    total $36,917 · program services $10,932 · management and general $12,596 · fundraising $13,389

  • 11c · Fees: accounting

    total $577 · program services $171 · management and general $197 · fundraising $209

  • 11f · Fees: investment management

    total $49,156 · program services $14,557 · management and general $16,772 · fundraising $17,827

  • 11g · Fees: other

    total $666,807 · program services $197,460 · management and general $227,517 · fundraising $241,830

  • 12 · Advertising and promotion

    total $85,969 · program services $25,458 · management and general $29,333 · fundraising $31,178

  • 13 · Office expenses

    total $34,334 · program services $10,167 · management and general $11,716 · fundraising $12,451

  • 14 · Information technology

    total $29,865 · program services $8,844 · management and general $10,190 · fundraising $10,831

  • 16 · Occupancy

    total $17,503 · program services $5,183 · management and general $5,972 · fundraising $6,348

  • 19 · Conferences, conventions and meetings

    total $75,878 · program services $67,740 · management and general $3,945 · fundraising $4,193

  • 22 · Depreciation, depletion and amortization

    total $38,268 · program services $11,332 · management and general $13,057 · fundraising $13,879

  • 23 · Insurance

    total $27,089 · program services $8,022 · management and general $9,243 · fundraising $9,824

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $79,894 · program services $23,659 · management and general $27,260 · fundraising $28,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,452,239 · end of year $2,919,508

  • 3 · Pledges and grants receivable

    beginning of year $235,250 · end of year $325,000

  • 7 · Other notes and loans receivable

    beginning of year $166,663 · end of year $350,873

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,074 · end of year $20,893

  • 10a · Land, buildings and equipment: cost or other basis

    $1,587,649

  • 10b · Land, buildings and equipment: accumulated depreciation

    $408,990

  • 10c · Land, buildings and equipment, net

    beginning of year $1,208,132 · end of year $1,178,659

  • 11 · Investments: publicly traded securities

    beginning of year $54,185,394 · end of year $56,923,524

  • 12 · Investments: other securities

    beginning of year $421,214 · end of year $351,434

  • 15 · Other assets

    beginning of year $808,546 · end of year $793,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,013 · end of year $90,967

  • 18 · Grants payable

    beginning of year $259,138 · end of year $0

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,170,521 · end of year $15,709,745

  • 27 · Net assets without donor restrictions

    beginning of year $45,786,171 · end of year $45,834,701

  • 28 · Net assets with donor restrictions

    beginning of year $1,215,669 · end of year $1,228,060

Mission and programs · 2023

Mission

MANATEE COMMUNITY FOUNDATION PARTNERS WITH OUR CITIZENS TO STRENGTHEN AND ENHANCE OUR COMMUNITY THROUGH PHILANTHROPY, EDUCATION, AND SERVICE-NOW AND FOREVER.

Activities or mission (Part I)

MANATEE COMMUNITY FOUNDATION INVESTS IN NONPROFIT ORGANIZATIONS, STUDENTS, AND THE COMMUNITY THROUGH THE GENEROSITY AND PARTNERSHIP OF PEOPLE WHO CARE ABOUT OUR COUNTY AND REGION.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $9,986,999 · Grants $9,438,420 · Revenue $526,026

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Tom Breiter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Elmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Estes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nurisha Harvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Horne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanie Kirkpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenifer Schembri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Xavier Sevilla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Conrad Szymanski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susie Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Turner

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Danielle Sherrill

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Roskamp

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Garrett Shinn

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Veronica Thames

    EXEC. DIRECTOR EFF. AUG 2023

    Total calculated
    $67,075
    From this org
    $66,904
    From related orgs
    $0
    Other
    $171
    Hours/week
    40

  • Jennifer Abbott

    INTERIM EXEC. THRU AUG 2023

    Total calculated
    $147,509
    From this org
    $125,035
    From related orgs
    $0
    Other
    $22,474
    Hours/week
    40

  • Erin Jones

    CFO

    Total calculated
    $239,911
    From this org
    $0
    From related orgs
    $210,016
    Other
    $29,895
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $181,522 related
    Bonus
    $0 + $28,494 related
    Other
    $0
    Deferred
    $0 + $19,642 related
    Nontaxable benefits
    $0 + $10,253 related
    Filer's total
    $0 + $239,911 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCF ASSET COMPANY LLC

    OWNERSHIP OF REAL ESTATE · FL · income $68,863 · assets $1,189,983

Provenance

Return type
form_990
Tax year
2023
Filed
25 January 2025
IRS schema version
2023v6.0
Source object
202520309349300807

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