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Nonprofiteer
← GULF COAST COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by GULF COAST COMMUNITY FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 1 September 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed under a different title

  • Kirstin Fulkerson: FORMER SVP OF PHILANTHROPY then SVP OF PHILANTHROPY (THRU 12/23)
  • Veronica Thames: FORMER COO then COO (THRU 8/23)

Totals

Total revenue
$54,435,281
Total expenses
$55,630,111
Contributions and grants received
$36,089,244
Grants paid
$42,576,073
Program service revenue
$4,099,528
Investment income
$14,284,357
Other revenue
-$37,848
Total assets, end of year
$482,820,352
Total liabilities, end of year
$30,798,835
Net assets or fund balances, end of year
$452,021,517
Program services expenses (Part IX)
$46,152,454
Management and general expenses
$7,751,494
Fundraising expenses
$1,726,163
Program service expenses (Part III)
$46,152,454

Program services were 83.0% 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.

  • 1d · Related organizations

    $14,432

  • 1f · All other contributions, gifts and grants

    $36,074,812

  • 1g · Noncash contributions included above

    $12,964,570

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $4,099,528 · related or exempt $4,099,528

  • 3 · Investment income

    total $7,847,509 · excluded $7,847,509

  • 7a · Gross sales of assets other than inventory

    securities $122,003,847 · other assets $816

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

    securities $115,567,815 · other assets $0

  • 7c · Gain or loss

    securities $6,436,032 · other assets $816

  • 7d · Net gain or loss

    total $6,436,848 · unrelated business $816 · excluded $6,436,032

  • 11a · Other revenue: MISCELLANEOUS

    total $91,541 · excluded $91,541

  • 11b · Other revenue: UBTI PARTNERSHIPS

    total -$129,389 · unrelated business -$129,389

  • 11e · Other revenue, total

    -$37,848

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,879,649 · program services $41,879,649

  • 2 · Grants to domestic individuals

    total $696,424 · program services $696,424

  • 5 · Compensation of officers, directors and key employees

    total $1,191,534 · program services $411,582 · management and general $412,481 · fundraising $367,471

  • 7 · Other salaries and wages

    total $1,911,053 · program services $660,119 · management and general $661,562 · fundraising $589,372

  • 8 · Pension plan contributions

    total $201,950 · program services $69,758 · management and general $69,910 · fundraising $62,282

  • 9 · Other employee benefits

    total $297,611 · program services $102,801 · management and general $103,026 · fundraising $91,784

  • 10 · Payroll taxes

    total $222,392 · program services $76,819 · management and general $76,987 · fundraising $68,586

  • 11a · Fees: management

    total $3,997,100 · management and general $3,997,100

  • 11b · Fees: legal

    total $127,319 · program services $39,469 · management and general $44,562 · fundraising $43,288

  • 11c · Fees: accounting

    total $59,414 · management and general $59,414

  • 11d · Fees: lobbying

    total $7,500 · program services $7,500

  • 11f · Fees: investment management

    total $1,744,238 · management and general $1,744,238

  • 11g · Fees: other

    total $142,347 · program services $27,289 · management and general $84,612 · fundraising $30,446

  • 12 · Advertising and promotion

    total $71,024 · program services $13,353 · fundraising $57,671

  • 13 · Office expenses

    total $53,227 · program services $12,843 · management and general $14,482 · fundraising $25,902

  • 14 · Information technology

    total $196,536 · program services $60,591 · management and general $68,320 · fundraising $67,625

  • 16 · Occupancy

    total $145,222 · program services $44,777 · management and general $50,489 · fundraising $49,956

  • 17 · Travel

    total $29,465 · program services $10,178 · management and general $10,200 · fundraising $9,087

  • 19 · Conferences, conventions and meetings

    total $139,513 · program services $22,475 · management and general $65,225 · fundraising $51,813

  • 20 · Interest

    total $47,647 · program services $14,691 · management and general $16,565 · fundraising $16,391

  • 22 · Depreciation, depletion and amortization

    total $147,605 · program services $45,512 · management and general $51,317 · fundraising $50,776

  • 23 · Insurance

    total $144,501 · program services $44,749 · management and general $50,230 · fundraising $49,522

  • 24a · Other expenses: PROGRAMMATIC INITIATIVE

    total $1,835,312 · program services $1,835,312

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $92,152 · program services $28,319 · management and general $32,238 · fundraising $31,595

  • 24c · Other expenses: RECRUITING

    total $81,881 · program services $25,247 · management and general $28,467 · fundraising $28,167

  • 24d · Other expenses: PROF. DEVELOPMENT

    total $55,224 · program services $17,027 · management and general $19,200 · fundraising $18,997

  • 24e · All other expenses

    total $112,271 · program services $5,970 · management and general $90,869 · fundraising $15,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,471,868 · end of year $3,068,142

  • 2 · Savings and temporary cash investments

    beginning of year $6,627,317 · end of year $6,871,918

  • 4 · Accounts receivable

    beginning of year $170,146 · end of year $137,454

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,211 · end of year $25,740

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

    $1,431,960

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

    $466,644

  • 10c · Land, buildings and equipment, net

    beginning of year $2,730,168 · end of year $965,316

  • 11 · Investments: publicly traded securities

    beginning of year $380,931,973 · end of year $411,488,129

  • 12 · Investments: other securities

    beginning of year $50,006,124 · end of year $59,674,451

  • 15 · Other assets

    beginning of year $0 · end of year $589,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $331,352 · end of year $386,662

  • 18 · Grants payable

    beginning of year $2,681,670 · end of year $2,061,670

  • 23 · Secured mortgages and notes payable

    beginning of year $1,632,725 · end of year $1,560,240

  • 25 · Other liabilities

    beginning of year $22,401,784 · end of year $26,790,263

  • 27 · Net assets without donor restrictions

    beginning of year $406,449,616 · end of year $440,185,354

  • 28 · Net assets with donor restrictions

    beginning of year $10,456,660 · end of year $11,836,163

Mission and programs · 2023

Mission

TOGETHER WITH OUR DONORS, WE TRANSFORM OUR REGION THROUGH BOLD AND PROACTIVE PHILANTHROPY.

  • INSPIRING PHILANTHROPY:AT GULF COAST, OUR MISSION BEGINS "TOGETHER WITH OUR DONORS." THEIR GIFTS HELP POWER THE ACTIONS WE TAKE EVERY DAY TO TRANSFORM OUR REGION. OUR GULF COAST FAMILY OF DONORS INCLUDES INDIVIDUALS, FAMILIES, CORPORATIONS, ORGANIZATIONS, AND OTHER FOUNDATIONS. GULF COAST WORKS IN THOUGHTFUL COORDINATION WITH DONORS AND THEIR LEGAL, FINANCIAL, AND TAX ADVISORS TO CREATE CUSTOM PHILANTHROPIC ACTION PLANS AND STEWARD THEIR GIFTS TO MEET THEIR WISHES. WHETHER IT'S A DONOR ADVISED FUND TO SUPPORT THEIR FAVORITE CHARITIES OR A PLANNED ESTATE GIFT THAT WILL CREATE A PERMANENT CHARITABLE ENDOWMENT IN THEIR NAME, GULF COAST LISTENS TO WHAT EACH DONOR ENVISIONS FOR THEIR GIVING AND THEN HELPS TURN THEIR VISION INTO REALITY.GULF COAST ALSO OFFERS DONORS INTELLIGENCE ON EMERGING COMMUNITY ISSUES AND ASSISTANCE FROM OUR PROFESSIONAL STAFF IN IDENTIFYING CHARITABLE PROJECTS MOST COMPATIBLE WITH THEIR INTERESTS. BY ENGAGING DONORS IN GULF COAST'S REGIONAL INITIATIVES, THE FOUNDATION CAN HELP THEM HAVE A MUCH GREATER PHILANTHROPIC IMPACT IN THE COMMUNITY THAN THEY MIGHT HAVE HAD ON THEIR OWN. IMPACT IN OUR REGION:IN OUR ROLE AS A REGIONAL LEADER, GULF COAST IDENTIFIES PRIORITY ISSUES THROUGH QUANTITATIVE AND QUALITATIVE RESEARCH, THEN CREATES AND FUNDS CATALYTIC COMMUNITY INITIATIVES THAT TARGET THOSE PRIORITIES. THESE INITIATIVES TYPICALLY INVOLVE CROSS-SECTOR COLLABORATION AND AIM TO LEVERAGE ADDITIONAL PHILANTHROPIC FUNDING FROM WITHIN AND BEYOND OUR REGION. PRIORITY ISSUES IDENTIFIED THROUGH THIS RESEARCH INCLUDE AFFORDABLE HOUSING, WATER QUALITY AND ACCESS TO GREEN SPACES, AND MENTAL HEALTH. GULF COAST ALSO PROVIDES SUPPORT IN THE AREAS OF ARTS AND CULTURE, CIVIC AND ECONOMIC DEVELOPMENT, DISASTER RECOVERY, EDUCATION, ENVIRONMENT, AND HEALTH AND HUMAN SERVICES.ADDITIONALLY, GULF COAST FUNDS A VARIETY OF GRANTS TO SUPPORT THE WORK OF NONPROFIT ORGANIZATIONS IN THE REGION. OUR GRANT PROGRAMS INCLUDE LEVERAGED GRANTS, WHICH FUND COLLABORATIVE PROJECTS AND PROGRAMS THAT TARGET REGIONAL PRIORITIES IN MEASURABLE WAYS; COMMUNITY GRANTS, WHICH FUND SMALLER PROJECTS AT REGIONAL NONPROFIT ORGANIZATIONS THAT CAN HAVE SIGNIFICANT IMPACT IN THE COMMUNITY INCLUDING WORK DESIGNED TO RAISE FUNDS AND AWARENESS OF THEIR MISSION; AND EMPOWERING ARTS GRANTS, WHICH PROVIDE UNRESTRICTED FUNDING TO CORNERSTONE ARTS AND CULTURAL ORGANIZATIONS IN THE REGION TO HELP THEM MEET THEIR ARTISTIC MISSIONS.

    Expenses $46,152,454 · Grants $42,576,073 · Revenue $4,099,528

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

Listed in Part VII

  • Phillip P Lanham

    PRESIDENT/CEO

    Total calculated
    $280,751
    From this org
    $252,586
    From related orgs
    $0
    Other
    $28,165
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $196,686
    Bonus
    $55,000
    Other
    $900
    Deferred
    $4,431
    Nontaxable benefits
    $23,734
    Filer's total
    $280,751

  • Chris Stobaugh

    CFO

    Total calculated
    $250,857
    From this org
    $234,491
    From related orgs
    $0
    Other
    $16,366
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,391
    Bonus
    $16,000
    Other
    $6,100
    Deferred
    $7,429
    Nontaxable benefits
    $8,937
    Filer's total
    $250,857

  • Kristin Prince

    SECRETARY

    Total calculated
    $88,564
    From this org
    $64,388
    From related orgs
    $0
    Other
    $24,176
    Hours/week
    40 + 1 related

  • Kelly Carlstein

    VP OF BRAND STRATEGY

    Total calculated
    $134,247
    From this org
    $129,531
    From related orgs
    $0
    Other
    $4,716
    Hours/week
    1

  • Joe Carter

    VP FOR PHILANTHROPY (FROM 6/24)

    Total calculated
    $0
    Hours/week
    50

  • Jon Thaxton

    SENIOR VP FOR COMMUNITY IN

    Total calculated
    $276,845
    From this org
    $250,134
    From related orgs
    $0
    Other
    $26,711
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,445
    Bonus
    $20,000
    Other
    $1,689
    Deferred
    $8,002
    Nontaxable benefits
    $18,709
    Filer's total
    $276,845

  • Mark Pritchett

    FORMER PRESIDENT/CEO

    Total calculated
    $204,088
    From this org
    $196,104
    From related orgs
    $0
    Other
    $7,984
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,351
    Bonus
    $25,000
    Other
    $753
    Deferred
    $2,348
    Nontaxable benefits
    $5,636
    Filer's total
    $204,088

  • Veronica Thames

    FORMER COO

    Total calculated
    $184,317
    From this org
    $177,539
    From related orgs
    $0
    Other
    $6,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,288
    Bonus
    $20,000
    Other
    $6,251
    Deferred
    $5,543
    Nontaxable benefits
    $1,235
    Filer's total
    $184,317

  • Kirstin Fulkerson

    FORMER SVP OF PHILANTHROPY

    Total calculated
    $226,987
    From this org
    $192,745
    From related orgs
    $0
    Other
    $34,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,945
    Bonus
    $20,000
    Other
    $1,800
    Deferred
    $6,245
    Nontaxable benefits
    $27,997
    Filer's total
    $226,987

  • Dave Sessions

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anand Pallegar

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anne Essner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ping Faulhaber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rose-Anne Frano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Giglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rod Hershberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Martucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pete Petersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Soderberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Sofia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 committee
  • 3 · Written employment contract
  • 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.

  • THE VENICE ENDOWMENT INC

    501(C)(3) · SUPPORT GULF COAST COMMUNITY FOUNDATION · FL

    Directly controlled by GULF COAST COMMUNITY FOUNDATION INC

  • GULF COAST STRATEGIC INVESTMENTS INC

    501(C)(3) · HOLD COMPLEX ASSETS TO SUPPORT GULF COAST COMMUNITY FOUNDATION · FL

    Directly controlled by GULF COAST COMMUNITY FOUNDATION INC

  • S & G MOORE FAMILY FOUNDATIONS INC

    501(C)(3) · CARRY OUT THE CHARITABLE PURPOSE OF GULF COAST COMMUNITY FOUNDATION · FL

    Directly controlled by GULF COAST COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202520949349300837

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