2012-11-13T07:01:39-08:00 2012-03-31 Rogers Wood Hill Starman & Gustason PA 606 Bald Eagle Drive Suite 400 Marco Island FL 341452766 990 2011-04-01 650584415 Gene & Mary Sarazen Foundation Inc GENE 2393892460 PO Box 977 Marco Island FL 34146 Mary Ann Sarazen 2012-11-13 true Thomas E Boerio CPA 2393947502 2011 2016-02-24 21:20:13Z 261169 false false X www.genesarazen.org X 1995 DE Gene Sarazen's philosophy was to "build a better way" of life where needs exist. To further the hopes and dreams of individuals and communities in need, Mr. Sarazen established The Gene and Mary Sarazen Foundation in 1995. Foundation support reaches out to a variety of local community needs ranging from health care to education, to families, to sports programs. 7 0 0 0 6925 4950 0 17195 -3551 0 24120 1399 1560 8235 0 0 0 0 14176 15870 15736 24105 8384 -22706 173815 151108 0 173815 151108 X Gene Sarazen's philosophy was to "build a better way" of life where needs exist. To further the hopes and dreams of individuals and communities in need, Mr. Sarazen established The Gene and Mary Sarazen Foundation in 1995. Foundation support reaches out to a variety of local community needs ranging from health care to education, to families, to sports programs. false false 6050 6050 Donations were made to the Sarazen/Siena Scholarship and Sarazen/PGM Restricted Scholarships at Florida Gulf Coast University Foundation. 790 790 A donation was made to the Mackle Park Camp Scholarship program. 560 560 A donation was made to the Marco Island YMCA golf tournaments and duck derby fundraisers. 835 835 8235 true false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false false false false 0 false false false false false false false false false false false X 7 0 true false false false false false false false false false false false false false false false false false false false false false X Mary Ann Sarazen 2393892460 950 N Collier Blvd Marco Island FL 34145 X Pamela E Ilnicki 1.00 X 0 0 0 Gene Martin Ilnicki 1.00 X 0 0 0 John Grado 1.00 X 0 0 0 John P Cardillo 1.00 X 0 0 0 David Stonier 1.00 X 0 0 0 Dawn Litchfield 2.00 X X 0 0 0 Mary Ann Sarazen 8.00 X X 0 0 0 0 false false false 0 4950 4950 0 4280 4280 0 0 0 251939 259770 -7831 -7831 -7831 0 0 0 0 1399 -3551 8235 8235 0 0 0 0 0 0 0 0 0 0 0 2475 2475 0 0 0 0 0 150 150 0 0 0 0 0 0 0 0 118 118 0 Telephone/Internet 992 992 Rent 6000 6000 Ordinary loss from K-1 606 606 Licenses and permits 497 497 Investment and bank fees 4427 4427 605 605 24105 8235 15870 0 3647 1149 169992 149901 0 0 0 0 0 0 0 3159 3101 176 58 0 0 0 0 0 173815 151108 0 0 X 173815 151108 173815 151108 173815 151108 X -22706 -1 X false false false false false X 12665 5600 11800 6925 4950 41940 0 0 12665 5600 11800 6925 4950 41940 15166 26774 6106 3954 2895 3935 4280 21170 0 0 63110 0.42420 0.56510 X 3159 3101 58 58 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Rounding $ -1 true X 0 0 Grantmaker's Description of How Grants are Used The Foundation monitors the grant recipients based upon the type of grant that is given. For instance, the grants made to Florida Gulf Coast University are monitored by the Sr. Scholarship Information Specialist sending a letter to the Foundation listing each recipient with his/her personal information and bio and the amount of the award. Dawn Litchfield Director 4427 Invest. Adv. Fees false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, policies and financial statements are available to the public upon request. The Foundation mails copies as requested and also makes copies available in the office. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The President of the Board reviews the Form 990 and signs Form 8879-EO before the return is submitted to the Internal Revenue Service. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Secretary/Treasurer Mrs. Dawn Litchfield Brown is an owner in Naples Money Management, LLC, the investment firm that oversees the Fidelity investment account for the Foundation.Director Gene Martin Ilnicki is the son of President Mary Ann Sarazen.Director Pamela E. Ilnicki is the daughter of President Mary Ann Sarazen. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: A donation was made to the Mackle Park Camp Scholarship program. OTHER PROGRAM SERVICES 5: Donations were made to the Sarazen/Siena Scholarship and Sarazen/PGM Restricted Scholarships at Florida Gulf Coast University Foundation.