TRIUMPH GULF COAST INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
TRIUMPH GULF COAST INC (EIN 82-1840264)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-14
IRS object ID
201903189349308640
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-14T14:10:35-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454084437PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARREN AVERETT LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1316 SOUTH BAYLEN ST SUITE 300AddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32502ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821840264EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRIUMPH GULF COAST INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTRIUBusinessNameControlTxt
Phone8503879405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12007AddressLine1Txt
CityTALLAHASSEECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32317ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN C RIGGS IVPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8503879405PhoneNum
Signature2019-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCLAIRE C DUREN CPAPreparerPersonNm
PTINP01577924PTIN
Phone8504357400PhoneNum
Preparation2019-11-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.136.244.2IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-14IPDt
IP Tm12:43:14IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id4E6DC21914383819C2908E49415BCAC36877079FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALLAN BENSEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12007AddressLine1Txt
CityTALLAHASSEECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32317ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,419,277GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MYFLORIDATRIUMPH.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL. TRIUMPH GULF COAST, INC., IS REQUIRED TO ADMINISTER THE DISTRIBUTION OF THE FUNDS TO BE USED FOR THE RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE EIGHT NORTHWEST FLORIDA COUNTIES DISPROPORTIONATELY AFFECTED BY THE OIL SPILL. THOSE COUNTIES INCLUDE ESCAMBIA, SANTA ROSA, OKALOOSA, WALTON, BAY, GULF, FRANKLIN AND WAKULLA.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$300,000,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$4,419,277CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$300,000,000PYTotalRevenueAmt
CY Total Revenue$4,419,277CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$233,467CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$156,242PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$96,347CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$173,998PYOtherExpensesAmt
CY Other Expenses$498,469CYOtherExpensesAmt
PY Total Expenses$330,240PYTotalExpensesAmt
CY Total Expenses$828,283CYTotalExpensesAmt
PY Revenues Less Expenses$299,669,760PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,590,994CYRevenuesLessExpensesAmt
Total Assets BOY$300,240,625TotalAssetsBOYAmt
Total Assets EOY$303,933,819TotalAssetsEOYAmt
Total Liabilities BOY$570,865TotalLiabilitiesBOYAmt
Total Liabilities EOY$673,065TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$299,669,760NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$303,260,754NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL. TRIUMPH GULF COAST, INC., IS REQUIRED TO ADMINISTER THE DISTRIBUTION OF THE FUNDS TO BE USED FOR THE RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE EIGHT NORTHWEST FLORIDA COUNTIES DISPROPORTIONATELY AFFECTED BY THE OIL SPILL. THOSE COUNTIES INCLUDE ESCAMBIA, SANTA ROSA, OKALOOSA, WALTON, BAY, GULF, FRANKLIN AND WAKULLA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$714,689ExpenseAmt
Grant$233,467GrantAmt
DescTRIUMPH GULF COAST, INC., SHALL MAKE AWARDS FROM AVAILABLE FUNDS TO PROJECTS OR PROGRAMS THAT MEET THE PRIORITIES FOR ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES. TRIUMPH OPENED THE APPLICATION PROCESS FOR THESE FUNDS IN NOVEMBER 2017. THE FIRST GRANTS WERE AWARDED IN 2018. AWARDS MAY BE PROVIDED FOR: (1) AD VALOREM TAX RATE REDUCTION WITHIN DISPROPORTIONATELY AFFECTED COUNTIES; (2) LOCAL MATCH REQUIREMENTS OF FLORIDA S. 288.0655 FOR PROJECTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES; (3) PUBLIC INFRASTRUCTURE PROJECTS FOR CONSTRUCTION, EXPANSION, OR MAINTENANCE WHICH ARE SHOWN TO ENHANCE ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES; (4) GRANTS TO LOCAL GOVERNMENTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES TO ESTABLISH AND MAINTAIN EQUIPMENT AND TRAINED PERSONNEL FOR LOCAL ACTION PLANS OF RESPONSE TO RESPOND TO DISASTERS; (5) GRANTS TO SUPPORT PROGRAMS THAT PREPARE STUDENTS FOR FUTURE OCCUPATIONS AND CAREERS AT K-20 INSTITUTIONS THAT HAVE CAMPUSES IN DISPROPORTIONATELY AFFECTED COUNTIES. ELIGIBLE PROGRAMS INCLUDE THOSE THAT INCREASE STUDENTS' TECHNOLOGY SKILLS AND KNOWLEDGE; ENCOURAGE INDUSTRY CERTIFICATIONS; PROVIDE RIGOROUS, ALTERNATIVE PATHWAYS FOR STUDENTS TO MEET HIGH SCHOOL GRADUATION REQUIREMENTS; STRENGTHEN CAREER READINESS INITIATIVES; FUND HIGH-DEMAND PROGRAMS OF EMPHASIS AT THE BACHELOR'S AND MASTER'S LEVEL DESIGNATED BY THE BOARD OF GOVERNORS; AND, SIMILAR TO OR THE SAME AS TALENT RETENTION PROGRAMS CREATED BY THE CHANCELLOR OF THE STATE UNIVERSITY SYSTEM AND THE COMMISSION OF EDUCATION, ENCOURAGE STUDENTS WITH INTEREST OR APTITUDE FOR SCIENCE, TECHNOLOGY, ENGINEERING,MATHEMATICS, AND MEDICAL DISCIPLINES TO PURSUE POSTSECONDARY EDUCATION AT A STATE UNIVERSITY OF A FLORIDA COLLEGE SYSTEM INSTITUTION WITHIN THE DISPROPORTIONATELY AFFECTED COUNTIES; (6) GRANTS TO SUPPORT PROGRAMS THAT PROVIDE PARTICIPANTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES WITH TRANSFERABLE, SUSTAINABLE WORKFORCE SKILLS THAT ARE NOT CONFINED TO A SINGLE EMPLOYER; AND (7) GRANTS TO THE TOURISM ENTITY CREATED UNDER FLORIDA S. 288.1226 FOR THE PURPOSE OF ADVERTISING AND PROMOTING TOURISM AND FRESH FROM FLORIDA, AND GRANTS TO PROMOTE WORKFORCE AND INFRASTRUCTURE, ON BEHALF OF ALL OF THE DISPROPORTIONATELY AFFECTED COUNTIES.Desc
Total Program Service Expenses$714,689TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8503879405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12007AddressLine1Txt
CityTALLAHASSEECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32317ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALLAN BENSE
CHAIR5.00Yes (X)Yes (X)$0$0$0
BENJAMIN LEE
BOARD MEMBER5.00Yes (X)$0$0$0
LEWIS BEAR JR
BOARD MEMBER5.00Yes (X)$0$0$0
PAM DANA PHD
BOARD MEMBER5.00Yes (X)$0$0$0
DON GAETZ
VICE CHAIR10.00Yes (X)Yes (X)$0$0$0
STEPHEN RIGGS IV
TREASURER5.00Yes (X)Yes (X)$0$0$0
JASON SHOAF
BOARD MEMBER5.00Yes (X)$0$0$0
SUSAN SKELTON
EXECUTIVE DIRECTOR40.00Yes (X)$89,500$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$89,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CLARK PARTINGTON HART LARRY BOND AND
125 WEST ROMANA STREET SUITE 800PENSACOLAFL32502LEGAL SERVICES$123,427
RICK HARPER PHD INC
516 ZARAGOSSA STREETPENSACOLAFL32502ECONOMIC ADVISOR/CONSULTING SERVICES$113,091
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,419,277TotalRevenueColumnAmt
Related Or Exempt Func Income$4,419,277RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,419,277TotalRevenueColumnAmt
Related Or Exempt Func Income$4,419,277RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$233,467TotalAmt
Program Services$233,467ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$89,500TotalAmt
Program Services$71,600ProgramServicesAmt
Management And General$17,900ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,847TotalAmt
Program Services$5,478ProgramServicesAmt
Management And General$1,369ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$123,427TotalAmt
Program Services$98,742ProgramServicesAmt
Management And General$24,685ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$94,788TotalAmt
Program Services$75,830ProgramServicesAmt
Management And General$18,958ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$113,091TotalAmt
Program Services$113,091ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,230TotalAmt
Management And General$3,230ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,304TotalAmt
Management And General$16,304ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$16,939TotalAmt
Management And General$16,939ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$9,782TotalAmt
Program Services$9,782ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,390TotalAmt
Management And General$14,390ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM ADMINISTRATION$93,199$93,199
GRANTS EVALUATION COSTS$13,500$13,500
BANK FEES$25$25
TAXES & LICENSES-$206-$206

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$828,283TotalAmt
Program Services$714,689ProgramServicesAmt
Management And General$113,594ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$25,838BOYAmt
EOY$50,014EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$300,192,281BOYAmt
EOY$303,869,415EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$22,506BOYAmt
EOY$14,390EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$300,240,625BOYAmt
EOY$303,933,819EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$204,128BOYAmt
EOY$12,265EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$366,737BOYAmt
EOY$660,800EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$570,865BOYAmt
EOY$673,065EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$179,669,760BOYAmt
EOY$183,494,221EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$120,000,000BOYAmt
EOY$119,766,533EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$299,669,760BOYAmt
EOY$303,260,754EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$300,240,625BOYAmt
EOY$303,933,819EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,590,994ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$300,000,000CurrentTaxYearMinus1YearAmt
Total$300,000,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$300,000,000CurrentTaxYearMinus1YearAmt
Total$300,000,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$300,000,000PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$4,419,277CurrentTaxYearAmt
Total$4,419,277TotalAmt
FieldValueIRS element (for citing)
Total Support$304,419,277TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, SECTION AFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION WAS FORMED ON JUNE 5, 2017. ACCORDINGLY, THE FIRST TAX YEAR OF THE PUBLIC SUPPORT 5-YEAR COMPUTATION PERIOD IS A SHORT TAX YEAR.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITYDesc
Amt$660,800Amt
FieldValueIRS element (for citing)
Total Liability$660,800TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,419,277TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$4,419,277RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,419,277TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$828,283TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$828,283ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$828,283TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ORGANIZATION.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
WAKULLA COUNTY SCHOOL BOARD
69 ARRAN ROADCRAWFORDVILLEFL32327596000892$180,000THE GRANT WILL PROVIDE FUNDING FOR WAKULLA COUNTY'S PROJECT TO CREATE THE WAKULLA CAREER PREPARATORY ACADEMY (WCPA). IT INCLUDES CONSTRUCTING A FACILITY TO ALLOW STUDENTS TO RECEIVE THEIR POSTSECONDARY CREDENTIALS WHILE RECEIVING THEIR HIGH SCHOOL DIPLOMA. THIS DUAL-ENROLLMENT PROGRAM HAS BEEN SHOWN TO PROVIDE ECONOMIC BENEFIT TO THE COMMUNITY, WITH INCREASED GRADUATION RATES AND HIGHER HOUSEHOLD INCOMES FOR STUDENT PARTICIPANTS.
PANAMA CITY PORT AUTHORITY
ONE SEAPORT DRIVEPANAMA CITYFL32401591114009$53,467THE GRANT WILL ASSIST IN PANAMA CITY PORT AUTHORITY'S PROJECT TO DEVELOP A NEW TERMINAL FOR THE PURPOSE OF CONTINUING ECONOMIC GROWTH IN THE COMMUNITY. THE PROJECT IS THE FIRST PHASE OF THE EAST TERMINAL DEVELOPMENT WHICH INCLUDES THE CONSTRUCTION OF A 260,000 SQUARE FOOT MODERN FOREST PRODUCTS WAREHOUSE, THE CONSTRUCTION OF A NEW 900 FOOT BULKHEAD WALL TO SUPPORT THE DEEPENING OF THE CHANNEL AND BERTH, IMPROVEMENTS TO THE BERTH APRON, THE CONSTRUCTION OF A FORTY-CAR RAIL YARD, THE CONSTRUCTION OF INTERNAL ROADS, THE CONSTRUCTION OF OUTSIDE STORAGE AREAS, THE INSTALLATION OF SECURITY FENCES, GATES, OUTDOOR LIGHTING, AND EMPLOYEE PARKING. THE TERMINAL EXPANSION WILL PROMOTE ADDITIONAL TRANSPORTATION JOBS AND ASSIST WITH RECOVERY AND ECONOMIC ENHANCEMENT IN THE BAY COUNTY REGION.
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION USES A SMARTSHEET PLATFORM FOR GRANTEES TO PROVIDE SUPPORTING DOCUMENTATION BEFORE, DURING, AND AFTER RECEIVING AN AWARD. BEFORE AWARD ISSUANCE, MONITORING OFTEN INCLUDES THE USE OF INVOICE COPIES, QUOTES, OR CONTRACTS. AFTER AN AWARD IS MADE, SUPPORT MONITORING INCLUDES THE USE OF CANCELLED CHECKS, QUALIFIED REVIEW OF PURCHASES/CONSTRUCTION, AND FINANCIAL STATEMENT/AUDIT SUBMISSIONS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ATRIUMPH GULF COAST, INC. IS GOVERNED BY A SEVEN MEMBER BOARD OF DIRECTORS CONSISTING OF ONE MEMBER APPOINTED BY EACH OF THE TRUSTEES OF THE FLORIDA STATE BOARD OF ADMINISTRATION, THE PRESIDENT OF THE FLORIDA SENATE, AND THE SPEAKER OF THE FLORIDA HOUSE OF REPRESENTATIVES. THE PRESIDENT OF THE SENATE AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES SHALL ALSO APPOINT ONE MEMBER EACH FROM RESIDENTS OF ONE OF THE FOUR LEAST POPULOUS DISPROPORTIONATELY AFFECTED COUNTIES, BUT NOT THE SAME COUNTY. EACH OF THE SEVEN APPOINTEES SHALL BE FROM THE PRIVATE SECTOR. VACANCIES ON THE BOARD SHALL BE FILLED BY THE OFFICER WHO ORIGINALLY APPOINTED THE MEMBER.
FORM 990, PART VI, SECTION A, LINE 7BTHE GOVERNANCE DECISION TO REMOVE A MEMBER OF THE BOARD OF DIRECTORS SHALL BE MADE BY THE OFFICER OF THE STATE OF FLORIDA THAT APPOINTED THE MEMBER TO THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE PROHIBITED FROM PARTICIPATING IN ANY MATTER WHICH WOULD INURE TO THE BOARD MEMBER'S SPECIAL PRIVATE GAIN OR LOSS OR THE SPECIAL PRIVATE GAIN OR LOSS OF HIS OR HER RELATIVE, BUSINESS ASSOCIATE, OR PRINCIPAL. IF THE BOARD MEMBER'S PARTICIPATION IN ANY MATTER WOULD GIVE RISE TO A CONFLICT OF INTEREST, THE MEMBER MUST DISCLOSE TO THE BOARD IN WRITING THE NATURE OF THE CONFLICT OF INTEREST. BOARD MEMBERS MUST ALSO FILE ALL MANDATORY FINANCIAL DISCLOSURES IN COMPLIANCE WITH SECTION 112.3145, FLORIDA STATUTES. EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THE PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. PERIODIC REVIEWS WILL ALSO BE CONDUCTED TO ENSURE TRIUMPH OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS AND RESULT IN PRIVATE INUREMENT TO ANY BOARD MEMBER OR EMPLOYEE.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD. THE BOARD OF DIRECTORS WILL APPOINT AN EVALUATION COMMITTEE CONSISTING OF THREE PERSONS, AT LEAST TWO OF WHOM WILL BE DIRECTORS WHICH HAVE SERVED AT LEAST ONE YEAR WITH THE EXECUTIVE DIRECTOR, TO EVALUATE THE EXECUTIVE DIRECTOR'S PERFORMANCE AND MAKE RECOMMENDATIONS FOR SALARY INCREASES TO THE BOARD. THERE WERE NO OTHER EMPLOYEES OF THE ORGANIZATION IN 2018.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING: PROGRAM SERVICE EXPENSES 113,091. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,091.
FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2CTHE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1STATE OF FLORIDABusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 S MONROE STAddressLine1Txt
CityTALLAHASSEECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32399ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesSTATE GOVERNMENTPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1STATE OF FLORIDABusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeRTransactionTypeTxt
Involved$6,244,013InvolvedAmt
Method Of Amount DeterminationINTEREST INCOME TRANSFERMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.