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Nonprofiteer
← GULF COAST COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by GULF COAST COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,995,734
Total expenses
$3,043,202
Contributions and grants received
$1,556,799
Grants paid
$2,079,182
Program service revenue
$0
Investment income
$1,168,335
Other revenue
$270,600
Total assets, end of year
$37,752,811
Total liabilities, end of year
$9,369,139
Net assets or fund balances, end of year
$28,383,672
Program services expenses (Part IX)
$2,573,087
Management and general expenses
$351,459
Fundraising expenses
$118,656
Program service expenses (Part III)
$2,573,087

Program services were 84.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,556,799

  • 3 · Investment income

    total $679,084 · excluded $679,084

  • 7a · Gross sales of assets other than inventory

    securities $9,855,563

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

    securities $9,366,312

  • 7c · Gain or loss

    securities $489,251

  • 7d · Net gain or loss

    total $489,251 · excluded $489,251

  • 8a · Fundraising events: gross income

    $84,246

  • 8b · Fundraising events: direct expenses

    $30,121

  • 8c · Net income from fundraising events

    total $54,125 · excluded $54,125

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $141,805 · excluded $141,805

  • 11b · Other revenue: FUND ADMINISTRATION FEE

    total $62,502 · related or exempt $62,502

  • 11c · Other revenue: CHANGE IN EQUITY OF UNCONSOLIDATE

    total $12,168 · related or exempt $12,168

  • 11e · Other revenue, total

    $216,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,796,888 · program services $1,796,888

  • 2 · Grants to domestic individuals

    total $282,294 · program services $282,294

  • 7 · Other salaries and wages

    total $454,102 · program services $254,270 · management and general $118,549 · fundraising $81,283

  • 8 · Pension plan contributions

    total $39,255 · program services $21,980 · management and general $10,248 · fundraising $7,027

  • 9 · Other employee benefits

    total $38,827 · program services $21,741 · management and general $10,136 · fundraising $6,950

  • 11f · Fees: investment management

    total $134,118 · management and general $134,118

  • 11g · Fees: other

    total $104,638 · program services $61,362 · management and general $43,276

  • 13 · Office expenses

    total $15,390 · program services $10,528 · management and general $2,884 · fundraising $1,978

  • 14 · Information technology

    total $66,250 · program services $41,589 · management and general $14,630 · fundraising $10,031

  • 16 · Occupancy

    total $40,863 · program services $29,684 · management and general $6,632 · fundraising $4,547

  • 17 · Travel

    total $35,220 · program services $28,953 · management and general $3,718 · fundraising $2,549

  • 22 · Depreciation, depletion and amortization

    total $1,009 · management and general $1,009

  • 23 · Insurance

    total $8,839 · program services $4,949 · management and general $2,308 · fundraising $1,582

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $15,635 · program services $10,157 · management and general $3,250 · fundraising $2,228

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $8,155 · program services $7,730 · management and general $252 · fundraising $173

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,719 · program services $962 · management and general $449 · fundraising $308

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,423,153 · end of year $7,060,016

  • 4 · Accounts receivable

    beginning of year $7,122 · end of year $68,750

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

    $38,050

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

    $27,650

  • 10c · Land, buildings and equipment, net

    beginning of year $11,409 · end of year $10,400

  • 12 · Investments: other securities

    beginning of year $28,693,290 · end of year $30,613,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,677 · end of year $33,992

  • 18 · Grants payable

    beginning of year $144,500 · end of year $164,170

  • 19 · Deferred revenue

    beginning of year $104,926 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,642,256 · end of year $9,170,977

  • 27 · Net assets without donor restrictions

    beginning of year $15,596,684 · end of year $16,276,455

  • 28 · Net assets with donor restrictions

    beginning of year $11,602,931 · end of year $12,107,217

Mission and programs · 2024

Mission

THE GULF COAST COMMUNITY FOUNDATION IS A PUBLIC CHARITY DEDICATED TO THE PROGRESSIVE DEVELOPMENT OF WORTHY CAUSES, PROVIDING DONOR SERVICES, AND PROMOTING AND PROVIDING LEADERSHIP IN RESPONSE TO CHANGING COMMUNITY NEEDS. THE FOUNDATION IS A VEHICLE FOR CHARITABLE GIVING THROUGH WHICH INDIVIDUALS, FAMILIES, CORPORATIONS, NON-PROFIT ORGANIZATIONS AND PRIVATE FOUNDATIONS CAN MEET CHARITABLE OBJECTIVES IN THE FIELDS OF EDUCATION, ARTS AND CULTURE, HISTORIC PRESERVATION, NEIGHBORHOOD ENRICHMENT, AND HEALTH AND HUMAN SERVICES. THE FOUNDATION MEETS THIS MISSION BY DEVELOPING AND MANAGING A COMPREHENSIVE BASE OF ENDOWMENT FUNDS AN EXPANDING POOL OF CHARITABLE DOLLARS, PERMANENTLY COMMITTED TO MEETING THE NEEDS OF THE PEOPLE OF SOUTH MS.

Activities or mission (Part I)

COMMUNITY FOUNDATION WHICH GRANTS FUNDS TO OTHER CHARITABLE ORGANIZATIONS.

  • ADMINISTRATION OF CONTRIBUTED FUNDS FOR THE BENEFIT OF THE MISSISSIPPI GULF COAST, IN SUPPORT OF PROGRAMS IN THE AREAS OF EDUCATION, THE ARTS, SOCIAL WELFARE AND SPECIAL PROJECTS CONSISTENT WITH DONOR INTERESTS.

    Expenses $2,573,087 · Grants $2,079,182

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raymunda Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Cullinan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Jarrell Gresham

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Joy Lambert Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brenda H Simkins

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.5

  • Rufus Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Treutel

    GRANTS CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Vincent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rodger Wilder

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Matt Grice

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Christen Duhe

    PRESIDENT

    Total calculated
    $120,669
    From this org
    $120,669
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

  • BACK BAY MISSION

    $0

    GENERAL SUPPORT

  • BATMAN'S LBMS ANIMAL RESCUE FOUNDATION

    $0

    GENERAL SUPPORT

  • CASA OF SOUTH MISSISSIPPI

    $0

    GENERAL SUPPORT

  • CATHOLIC CHARITIES OF SOUTH MS

    $0

    GENERAL SUPPORT

  • CHURCH OF THE GOOD SHEPHERD

    $0

    GENERAL SUPPORT

  • COASTAL CLEANUP PROGRAM

    $0

    GENERAL SUPPORT

  • COMMUNITY FOUNDATION OF WASHINGTON CO

    $0

    GENERAL SUPPORT

  • CONVENTION DISPLAY SERVICES INC

    $0

    GENERAL SUPPORT

  • ELIJAH'S CLOSET

    $0

    GENERAL SUPPORT

  • ELITE SCREEN PRINTING LLC DBA ELITE SHIRT COMPANY

    $0

    GENERAL SUPPORT

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.

  • GULF COAST NONPROFIT CENTER INC

    501(C)(25) · PROVIDE SERVICES & FACILITIES TO GULF COAST NON PROFIT ORGANIZATIONS · MS

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.

  • GCCF REAL ESTATE TRUST LLC

    INACTIVE · MS

    Directly controlled by GULF COAST COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
8 June 2026
IRS schema version
2024v5.5
Source object
202641599349301709

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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