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Nonprofiteer
← SUNCOAST CREDIT UNION FOUNDATION

Form 990 for tax year 2023

Filed by SUNCOAST CREDIT UNION FOUNDATION.

Totals

Total revenue
$5,703,017
Total expenses
$4,518,475
Contributions and grants received
$5,400,429
Grants paid
$4,495,447
Program service revenue
$0
Investment income
$302,588
Other revenue
$0
Total assets, end of year
$11,156,562
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,156,562
Program services expenses (Part IX)
$4,495,447
Management and general expenses
$23,028
Fundraising expenses
$0
Program service expenses (Part III)
$4,495,447

Program services were 99.5% 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

    $5,400,429

  • 3 · Investment income

    total $270,712 · excluded $270,712

  • 7a · Gross sales of assets other than inventory

    securities $1,428,787

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

    securities $1,396,911

  • 7c · Gain or loss

    securities $31,876

  • 7d · Net gain or loss

    total $31,876 · excluded $31,876

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,495,447 · program services $4,495,447

  • 11f · Fees: investment management

    total $19,908 · management and general $19,908

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $3,120 · management and general $3,120

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,049,176 · end of year $6,092,928

  • 11 · Investments: publicly traded securities

    beginning of year $4,402,634 · end of year $4,888,634

  • 14 · Intangible assets

    beginning of year $175,000 · end of year $175,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,626,810 · end of year $11,156,562

Mission and programs · 2023

Mission

TO PROMOTE 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.

Activities or mission (Part I)

FUNDRAISING, CHARITABLE CONTRIBUTIONS, AND AWARDING SCHOLARSHIPS.

  • FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS - 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. THE FOUNDATION SUPPORTS STUDENTS AND FAMILIES WHO ARE IN FINANCIAL NEED, PROVIDE EDUCATORS RESOURCES FOR AN EFFECTIVE LEARNING ENVIRONMENT, AND REWARD STUDENTS AND EDUCATORS WHO PROVE THEIR EXCELLENCE.

    Expenses $208,500 · Grants $208,500

  • JOHNS HOPKINS ALL CHILDREN'S FOUNDATION - THE JOHNS HOPKINS ALL CHILDREN'S HOSPITAL IS A PREMIERE CLINICAL AND ACADEMIC HEALTH SYSTEM, PROVIDING EXPERT PEDIATRIC CARE FOR INFANTS, CHILDREN AND TEENS WITH SOME OF THE MOST CHALLENGING MEDICAL PROBLEMS, PROVIDING INNOVATIVE TREATMENTS AND THERAPIES. THEY ARE THE REGIONAL PEDIATRIC REFERRAL CENTER FOR FLORIDA'S WEST COAST, CARING FOR CRITICALLY ILL PATIENTS AND PERFORMING COMPLEX SURGICAL PROCEDURES. SUNCOAST SPECIFICALLY SUPPORTS THE CENTER FOR BEHAVIORAL HEALTH, THE ALL IN FOR HEALTH EQUITY AND INTEGRATION, AND THE MATERNAL, FETAL AND NEONATAL INSTITUTE THROUGH THE SUNCOAST CREDIT UNION INNOVATION FUND AT JOHNS HOPKINS ALL CHILDREN'S HOSPITAL.

    Expenses $250,000 · Grants $250,000

  • THE HILLSBOROUGH EDUCATION FOUNDATION PROVIDES FUNDING TO HILLSBOROUGH COUNTY SCHOOLS THROUGH GRANTS, SCHOLARSHIPS, TEACHER RECOGNITION, ETC.

    Expenses $341,200 · Grants $341,200

  • VARIOUS DONATIONS

    Expenses $3,695,747 · Grants $3,695,747

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Zamir Ode

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Gresham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jounice L Nealy-Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrea L Falvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kourtney Berry

    EXECUTIVE DIRECTOR

    Total calculated
    $125,511
    From this org
    $0
    From related orgs
    $108,243
    Other
    $17,268
    Hours/week
    36 + 4 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349302366

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