2011-05-16T15:18:35-05:00 2010-06-30 HADDOX REID BURKES & CALHOUN PLLC 1100 REGIONS PLAZA JACKSON MS 39201 990 2009-07-01 570908490 GULF COAST COMMUNITY FOUNDATION GULF 2288974841 11975 SEAWAY ROAD No B150 GULFPORT MS 39503 RICHARD WESTFALL 2288974841 2011-05-13 1 Jimmy E Burkes CPA 6019482924 2009 2016-02-24 21:20:13Z richard westfall 11975 SEAWAY ROAD No B150 GULFPORT MS 39503 8105169 0 X www.gulfcoastfoundation.org X 1989 MS COMMUNITY FOUNDATION WHICH GRANTS FUNDS TO OTHER CHARITABLE ORGANIZATIONS. 28 0 9 2 0 0 1884642 2369746 0 -569865 159211 194730 325523 1509507 2854480 12134780 14455736 0 530122 523535 0 80478 279915 345377 12944817 15324648 -11435310 -12470168 31030006 19798767 3859425 4234117 27170581 15564650 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 Mississippi. 0 0 14690215 13388540 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 14690215 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 33 0 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 28 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MS X X BETTY J EDWARDS 2288974841 11975 SEAWAY ROAD STE B150 GULFPORT MS 39503 RICH WESTFALL 40.00 X 94150 0 0 PAUL GUICHET 0.50 X X 0 0 0 MARGARET TAYLOR 0.50 X X 0 0 0 DUNCAN MCKENZIE 0.50 X X 0 0 0 GREG CRONIN 0.50 X X 0 0 0 JOHN M WALTON 0.50 X X 0 0 0 RAYMOND L BROWN JD 0.50 X 0 0 0 JANE R DENNIS 0.50 X 0 0 0 CHEVIS SWETMAN 0.50 X 0 0 0 KOSTA VLAHOS 0.50 X 0 0 0 MARC HOLMAN 0.50 X 0 0 0 KATHLEEN SHAUGHNESSY 0.50 X 0 0 0 ROBERT F NEAL 0.50 X 0 0 0 JON E RITTEN 0.50 X 0 0 0 BILL MCDONOUGH 0.50 X 0 0 0 DELMAR ROBINSON 0.50 X 0 0 0 DAVE A TREUTEL Jr 0.50 X 0 0 0 DR SUE A MATHESON 0.50 X 0 0 0 STAN TINER 0.50 X 0 0 0 KAY KELL 0.50 X 0 0 0 H GORDON MYRICK 0.50 X 0 0 0 JOY LAMBERT PHILLIPS 0.50 X 0 0 0 ANN GUICE 0.50 X 0 0 0 ANTHONY TOPAZI 0.50 X 0 0 0 ANN HAIRSTON 0.50 X 0 0 0 RODGER WILDER 0.50 X 0 0 0 DR KAIZAD TAMBOLI 0.50 X 0 0 0 VIRGINIA SHANTEAU NEWTON 0.50 X 0 0 0 BRIGADIER GENERAL JOE SPRAGGINS 0.50 X 0 0 0 94150 0 0 0 0 0 0 0 1266875 1102871 2369746 329108 329108 5080792 5250689 -169897 -169897 -169897 203347 203347 203347 FUND ADMINSTRATION FEE 561000 119978 119978 OTHER INCOME - TIAA CR 523000 2198 2198 122176 2854480 119978 0 364756 14405336 14405336 50400 50400 462721 169830 292891 24710 11059 13651 36104 12703 23401 4025 4025 54820 17030 37790 63311 63311 339 336 3 30880 6958 23922 15246 3748 11498 23606 10401 13205 47827 790 47037 8694 8694 5653 1174 4479 FUNDRAISING EXPENSES 80478 80478 MISCELLANEOUS EXPENSE 5644 450 5194 DUES & SUBSCRIPTIONS 4854 4854 15324648 14690215 553955 80478 5106662 5631371 202535 994304 47939 68779 58898 16902 9881 24974237 12281891 729670 833381 31030006 19798767 10385 39454 493876 1393891 3355164 2800772 3859425 4234117 X 9460325 9599363 17710256 5965287 27170581 15564650 31030006 19798767 X 0 1 1 X 1 1 X 9707170 7795796 32796181 1884642 2369746 54553535 9707170 7795796 32796181 1884642 2369746 54553535 3266731 51286804 474824 436516 1764266 -569865 159211 2264952 230291 140000 122176 492467 57310954 258077 0.89490 0.90080 X Schedule A, Part II, Line 10, Explanation of Other Income: MANAGEMENT FEE OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 13003 231830 923029 1 1 8958249 108165 791636 669328 9188722 10527998 263549 -1134963 698335 8958249 0.73000 0.00000 0.27000 0 0 45600 39229 6371 23179 19669 3510 9881 2013129 C Securities and other investments 10268762 F 12281891 LIABILITY FOR AGENCY RELATIONSHIPS 2297427 LIABILITY FOR SPLIT INTEREST AGREEMENTS 503345 2800772 2854480 15324648 -12470168 849390 14847 864237 -11605931 3885521 849390 166804 14847 1031041 2854480 0 2854480 15491452 166804 166804 15324648 0 15324648 Part X: Description of Uncertain Tax Positions Under FIN 48: During the fiscal year ended June 30, 2010, the Foundation adopted ASC 740-10 that clarifies the accounting recognition for income tax positions taken or expected to be taken in the Foundations income tax return. In accordance with ASC 740-10, management evaluated the Foundations tax positions and concluded that the Foundation had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Prior to the adoption of ASC 740-10, the Foundation evaluated its uncertain tax positions under the provisions of ASC 450, whereby loss contingencies were recognized in the financial statements when it was probable that a liability had been incurred as of the date of the financial statements and the amount of the loss could be reasonably estimated. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 103711. AMORTIZATION OF DISCOUNTS: 4747. CHANGE IN EQUITY OF UNCONSOLIDATED NON-PROFIT ENTITY: -93611. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT VALUE INTEREST AGREEMENTS: 103711. AMORTIZATION OF DISCOUNTS: 4747. CHANGE IN EQUITY OF UNCONSOLIDATED NON-PROFIT ENTITY: -93611. GOVERNORS CUP GOLF TOURNAMENT 87300 87300 0 GOOD WORKS FUND - NIGHT IN ITALY 38585 38585 13539 6 77462 77462 66939 203347 203347 80478 80478 122869 ROSE DELLENGER 11975 SEAWAY ROAD B150 GULFPORT MS 39503 1 ARMENIAN GOSEPL MISSIONS INC 2650 E FOOTHILL BLVD SUITE 205 PASADENA CA 91107 501C3 105161 GENERAL SUPPORT BAY-WAVELAND SCHOOL DISTRICT 201 CARROLL AVENUE BAY ST LOUIS MS 39520 GOV. 2004000 GENERAL SUPPORT BACK BAY MISSION 1012 DIVISION STREET BILOXI MS 39530 501C3 10000 GENERAL SUPPORT BETHEL FREE HEALTH CLINIC INC 1650 CARROLL DRIVE BILOXI MS 39531 501C3 77476 GENERAL SUPPORT BOYS AND GIRLS CLUB 11975 - A160 SEAWAY ROAD GULFPORT MS 39503 501C3 671449 GENERAL SUPPORT BOYS AND GIRLS CLUB OF GULF COAST HANCOCK COUNTY 310 OLD SPANISH TRAIL BAY ST LOUIS MS 39520 501C3 50000 GENERAL SUPPORT BOYS AND GIRLS CLUB OF JACKSON COUNTY 5343 JEFFERSON STREET MOSS POINT MS 39562 501C3 226512 GENERAL SUPPORT BUILDING GOODNESS FOUNDATION PO BOX 4325 CHARLOTTESVILLE VA 22905 501C3 30000 GENERAL SUPPORT CATHOLIC DIOCESE OF BILOXI 1790 POPPS FERRY ROAD BILOXI MS 39532 501C3 75000 GENERAL SUPPORT CITY OF BAY ST LOUIS 688 HIGHWAY 90 BAY ST LOUIS MS 39520 GOV. 150000 GENERAL SUPPORT CITY OF GULFPORT PO BOX 1780 GULFPORT MS 39502 GOV. 600057 GENERAL SUPPORT CITY OF LONG BEACH PO BOX 929 LONG BEACH MS 39560 GOV. 30000 GENERAL SUPPORT CITY OF PASCAGOULA 603 WATTS AVENUE PASCAGOULA MS 395674220 GOV. 585920 GENERAL SUPPORT CITY OF PASS CHRISTIAN 200 W SCENIC DR PASS CHRISTIAN MS 39571 GOV. 10000 GENERAL SUPPORT COAST CHAMBER 11975E SEAWAY ROAD GULFPORT MS 39503 501C3 25000 GENERAL SUPPORT DEANNA FAVRE HOPE FOUNDATION 11975 SEAWAY ROAD SUITE B250 GULFPORT MS 39503 501C3 6000 GENERAL SUPPORT GENERAL SUPPORT GREATER PICAYUNE ARTS COUNCIL 500 N HAUGH AVENUE PICAYUNE MS 394663442 501C3 50000 GENERAL SUPPORT GULF COAST RENAISSANCE CORPORATION 11975 H SEAWAY ROAD GULFPORT MS 39503 501C3 3944129 GENERAL SUPPORT GULF COAST WOMEN'S CENTER FOR NONVIOLENCE PO BOX 333 BILOXI MS 39533 501C3 22971 GENERAL SUPPORT HABITAT FOR HUMANITY - BAY-WAVELAND AREA 414 HIGHWAY 90 BAY ST LOUIS MS 39520 501C3 60000 GENERAL SUPPORT HABITAT FOR HUMANITY OF THE MISSISSIPPI 1636 POPPS FERRY ROAD SUITE M-13 BILOXI MS 39532 501C3 15825 GENERAL SUPPORT HANCOCK COUNTY HOUSING RESOURCE CENTER 412 HIGHWAY 90 SUITE 6 BAY ST LOUIS MS 39520 501C3 330452 GENERAL SUPPORT HANCOCK COUNTY CHAMBER OF COMMERCE 412 HIGHWAY 90 SUITE 6 BAY ST LOUIS MS 39520 501C3 32389 GENERAL SUPPORT HANCOCK COUNTY FOOD PANTRY 9972 HWY 603 BAY ST LOUIS MS 39521 501C3 60000 GENERAL SUPPORT HARRISON COUNTY MS PO DRAWER CC GULFPORT MS 39501 GOV. 25000 GENERAL SUPPORT HINDS COUNTY BAR ASSOCIATION 151 E GRIFFITH ST JACKSON MS 39201 501C3 5000 GENERAL SUPPORT HOLY TRINITY CATHOLIC SCHOOL 301 SOUTH SECOND STREET BAY ST LOUIS MS 39520 501C3 13263 GENERAL SUPPORT HOME OF GRACE INC PO BOX 5009 VANCLEAVE MS 39565 501C3 50000 GENERAL SUPPORT HOPE COMMUNITY DEVELOPMENT AGENCY 425 DIVISION STREET BAY ST LOUIS MS 39530 501C3 466006 GENERAL SUPPORT INTERNATIONAL RELIEF & DEVELOPMENT 1223 30TH AVENUE SUITE A GULFPORT MS 39501 501C3 281126 GENERAL SUPPORT JACKSON COUNTY CIVIC ACTION COMMITTEE 5343 JEFFERSON STREET MOSS POINT MS 39563 501C3 322490 GENERAL SUPPORT JUNIOR AUXILIARY OF BILOXI-OCEAN SPRINGS PO BOX 738 BILOXI MS 39533 501C3 5000 GENERAL SUPPORT JUNIOR AUXILIARY OF GULFPORT PO BOX 6452 GULFPORT MS 39506 501C3 61000 GENERAL SUPPORT JUNIOR AUXILIARY OF PASCAGOULA-MOSS POINT PO BOX 209 PASCAGOULA MS 395680209 501C3 5000 GENERAL SUPPORT LYNN MEADOWS DISCOVERY CENTER 246 DOLAN AVENUE GULFPORT MS 39507 501C3 40188 GENERAL SUPPORT MARSHA BARBOUR COMMUNITY CENTER 6815 KILN-DELISLE ROAD PASS CHRISTIAN MS 39571 501C3 250000 GENERAL SUPPORT MARY C O'KEEFE CULTURAL CENTER 1600 GOVERNMENT STREET OCEAN SPRINGS MS 39564 501C3 5000 GENERAL SUPPORT MENTAL HEALTH ASSOCIATION OF MISSISSIPPI 2628 EXECUTIVE PLACE SUITE A BILOXI MS 39531 501C3 203511 GENERAL SUPPORT METHODIST SENIOR SERVICES 109 S BROADWAY TUPELO MS 38802 501C3 136523 GENERAL SUPPORT MISSISSIPPI CENTER FOR JUSTICE 963 DIVISION STREET BILOXI MS 395302961 501C3 78275 GENERAL SUPPORT MISSISSIPPI CENTER FOR NONPROFITS 921 N PRESIDENT STREET SUITE C JACKSON MS 39202 501C3 7160 GENERAL SUPPORT MISSISSIPPI DEVELOPMENT AUTHORITY 501 NORTH WEST STREET JACKSON MS 39201 501C3 50000 GENERAL SUPPORT MISSISSIPPI GULF COAST CHAMBER OF COMMERCE 11975E SEAWAY ROAD GULFPORT MS 39503 501C3 62500 GENERAL SUPPORT MISSISSIPPI GULF COAST NGA 2009 INC 4406 AUDUBON TRAIL BILOXI MS 39532 501C3 417953 GENERAL SUPPORT MISSISSIPPI GULF RESORT CLASSIC FOUNDATION 11975 SEAWAY ROAD SUITE A228 GULFPORT MS 39503 501C3 5000 GENERAL SUPPORT MISSISSIPPI HURRICAN RECOVERY FUND PO BOX 22656 JACKSON MS 392252656 501C3 2018474 GENERAL SUPPORT MISSION OF HOPE MINISTRIES INC PO BOX 8504 MOBILE AL 36689 501C3 5000 GENERAL SUPPORT MOORE COMMUNITY HOUSE 684 WALKER STREET BILOXI MS 39530 501C3 15000 GENERAL SUPPORT NATIVITY BVM SCHOOL 1046 BEACH BLVD BILOXI MS 395300395 501C3 50000 GENERAL SUPPORT NORTH GULFPORT COMMUNITY LAND TRUST 8208 OHIO AVENUE GULFPORT MS 395017900 501C3 23933 GENERAL SUPPORT OCEAN SPRINGS SCHOOL DISTRICT 2300 GOVERNMENT STREET OCEAN SPRINGS MS 39564 GOV. 17302 GENERAL SUPPORT OHR-O'KEEFE MUSEUM OF ART PO BOX 248 BILOXI MS 395330248 501C3 16000 GENERAL SUPPORT O'KEEFE FOUNDATION 611 JACKSON AVE OCEAN SPRINGS MS 39564 501C3 10000 GENERAL SUPPORT OUR LADY OF SORROW 803 DIVISION STREET BILOXI MS 395302119 501C3 5000 GENERAL SUPPORT PASS CHRISTIAN DELISLE COMMUNITY CENTER 6815 KILN DELISLE RD PASS CHRISTIAN MS 39571 501C3 108017 GENERAL SUPPORT PASS CHRISTIAN PUBLIC SCHOOL DISTRICT 6457 KILN DELISLE ROAD PASS CHRISTIAN MS 39571 GOV. 75577 GENERAL SUPPORT SAVE THE CHILDREN US 54 WILTON ROAD WESTPORT CT 06880 501C3 45000 GENERAL SUPPORT SOCIETY OF ST VINCENT DE PAUL PO BOX 4098 BILOXI MS 39531 501C3 80000 GENERAL SUPPORT ST ALPHONSUS CATHOLIC SCHOOL 104 SOUTH 5TH STREET MCCOMB MS 39648 501C3 40000 GENERAL SUPPORT ST STANISLAUS COLLEGE 304 S BEACH BOULEVARD BAY ST LOUIS MS 39520 501C3 6500 GENERAL SUPPORT THE SHARPER KIDS FOUNDATION 6033 WEST CENTURY BLVD SUITE 240 LOS ANGELES CA 90045 501C3 5000 GENERAL SUPPORT UNITED WAY OF SOUTH MISSISSIPPI 11975 SEAWAY ROAD SUITE B170 GULFPORT MS 39503 501C3 13000 GENERAL SUPPORT WALTER ANDERSON MUSEUM 510 WASHINGTON AVENUE OCEAN SPRINGS MS 395644632 501C3 7195 GENERAL SUPPORT 63 SCHOLARSHIP TO LOUISIANA STATE UNIVERSITY 1 1250 SCHOLARSHIP TO MISSISSIPPI STATE UNIVERSITY 2 5000 SCHOLARSHIP TO MISSISSIPPI COLLEGE 1 1500 SCHOLARSHIP TO MISSISSIPPI GULF COAST COMMUNITY COLLEGE 3 1500 SCHOLARSHIP TO SPRING HILL COLLEGE 3 14000 SCHOLARSHIP TO TEMPLE UNIVERSITY 1 500 SCHOLARSHIP TO TOUGALOO COLLEGE 1 4000 SCHOLARSHIP TO UNIVERSITY OF MISSISSIPPI 2 4750 SCHOLARSHIP TO UNIVERSITY OF NOTRE DAME 1 4000 SCHOLARSHIP TO UNIVERSITY OF SOUTHERN MISSISSIPPI 5 8900 SCHOLARSHIP TO UNIVERSITY OF TEXAS 1 5000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: BEFORE ISSUING GRANTS TO OTHER CHARITIES, THE ORGANIZATION CHECKS GUIDESTAR.ORG (A NONPROFIT WEBSITE) AND WITH THE SECRETARY OF STATE TO DETERMINE THE ORGANIZATIONS CHARITABLE MISSION. MATERIAL GRANTS REQUIRE THE RECIPIENT TO SIGN DOCUMENTS REGARDING USE OF THE GRANT AND ALSO PROVIDE REPORTS/FINANCIAL STATEMENTS DOCUMENTING USE OF THE GRANT. JOHNNY MACK WALTON SON OF BOARD MEMBER JOHN M. WALTON 55112 EMPLOYMENT - COMPENSATION DETERMINED BASED ON FAIR MARKET VALUE OF SERVICES PROVIDED TO THE FOUNDATION. JOHN M. WALTON DID NOT PARTICIPATE IN THE HIRING, NOR DOES HE PARTICIPATE IN THE SUPERVISION OF JOHNNY MACK WALTON. 0 Form 990, Part VI, Section B, line 11 ONCE THE RETURN IS PREPARED, THE AUDIT COMMITTEE REVIEWS THE 990 BEFORE PRESENTING IT TO THE BOARD OF DIRECTORS. THE RETURN IS FILED AFTER THE BOARD REVIEWS THE 990. Form 990, Part VI, Section B, line 12c THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY. MEMBERS MUST DISCLOSE IF THEY ARE ON ANY OTHER BOARDS AND/OR IF THEY HAVE AN INTEREST IN AN ENTITY THAT DOES BUSINESS WITH THE ORGANIZATION. Form 990, Part VI, Section B, line 15a THE FOUNDATION RESEARCHES SALARIES FOR SIMILIAR POSITIONS WITHIN THE REGION. THEN, THE PRESIDENT UNDERGOES AN ANNUAL PERFORMANCE REVIEW BY THE EXECUTIVE COMMITTEE. FINALLY, THE BOARD OF DIRECTORS MAKES THE FINAL DECISION REGARDING APPROVAL OF COMPENSATION. Form 990, Part VI, Section C, line 19 THE FOUNDATION PLACES THE TWO MOST CURRENT YEAR AUDITS ON THEIR WEBSITE. THESE DOCUMENTS ARE AVAILABLE FOR ANYONE TO VIEW. FORM 990, PAGE 6, LINE 12C WHISTLEBLOWER POLICY THE ORGANIZATION MAINTAINS A WHISTLEBLOWER POLICY THAT IS APPROVED BY THE BOARD OF DIRECTORS. THIS POLICY IS LOCATED IN ALL EMPLOYEE HANDBOOKS.