SARASOTA MEMORIAL HEALTHCARE FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SARASOTA MEMORIAL HEALTHCARE FOUNDATION (EIN 51-0188568)
- Tax period
- 2024-10-01 to 2025-09-30
- Filed
- 2026-08-13
- IRS object ID
- 202612259349300916
- Schema version
- 2024v5.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-08-13T10:34:45-05:00 | ReturnTs |
| Tax Period End | 2025-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 591753337 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KERKERING BARBERIO & CO | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 49348 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 342306348 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510188568 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARASOTA MEMORIAL HEALTHCARE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SARA | BusinessNameControlTxt |
| Phone | 9419171286 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1515 S OSPREY AVE B4 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34239 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STACEY CORLEY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9419171286 | PhoneNum |
| Signature | 2026-08-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN SIMMONS | PreparerPersonNm |
| PTIN | P00360690 | PTIN |
| Phone | 9413654617 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STACEY CORLEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1515 S OSPREY AVE B4 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34239 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $94,320,852 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SMHF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1976 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | SARASOTA MEMORIAL HEALTHCARE FOUNDATION, INC. IS AN INDEPENDENT FUNDRAISING ORGANIZATION WORKING WITH SARASOTA MEMORIAL HEALTH CARE SYSTEM AND OTHERS TO ENSURE THE HIGHEST QUALITY HEALTHCARE IS ACCESSIBLE AND MEETS THE NEEDS OF OUR COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 120 | TotalVolunteersCnt |
| Total Gross UBI | $21,142 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $17,410 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $29,586,330 | PYContributionsGrantsAmt |
| CY Contributions Grants | $26,158,554 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,546,476 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,786,157 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,300,744 | PYOtherRevenueAmt |
| CY Other Revenue | $2,061,631 | CYOtherRevenueAmt |
| PY Total Revenue | $35,433,550 | PYTotalRevenueAmt |
| CY Total Revenue | $36,006,342 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,282,322 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $14,315,702 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,237,003 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,702,653 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $20,412 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $151,761 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,434,962 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,585,474 | PYOtherExpensesAmt |
| CY Other Expenses | $1,660,113 | CYOtherExpensesAmt |
| PY Total Expenses | $13,125,211 | PYTotalExpensesAmt |
| CY Total Expenses | $18,830,229 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $22,308,339 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $17,176,113 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $167,856,429 | TotalAssetsBOYAmt |
| Total Assets EOY | $186,617,988 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,025,454 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,345,217 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $158,830,975 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $185,272,771 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SARASOTA MEMORIAL HEALTHCARE FOUNDATION IS THE PHILANTHROPIC PARTNER THAT HELPS SARASOTA MEMORIAL HEALTH CARE SYSTEM BRING WORLD-CLASS CARE TO OUR COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,612,324 | ExpenseAmt |
| Grant | $7,612,324 | GrantAmt |
| Desc | GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN SARASOTA COUNTY FOR RESEARCH, PATIENT CARE AND OTHER NEEDS WITH PROGRAMS THAT WILL IMPROVE EFFICIENCY, EFFECTIVENESS, PATIENT SAFETY, AVAILABILITY AND ADVOCACY OF HEALTHCARE IN AN ENVIRONMENT OF WELL BEING FOR OVER 2M INPATIENT AND OUTPATIENT/PHYSICIAN VISITS PER YEAR. THE ONLY HOSPITAL IN FLORIDA TO RECEIVE THE HIGHEST 5-STAR QUALITY RATING FROM THE CENTERS FOR MEDICARE AND MEDICAID IN ALL REPORTING PERIODS SINCE THE PROGRAM BEGAN IN 2016. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,726,143 | ExpenseAmt |
| Grant | $4,726,143 | GrantAmt |
| Desc | GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR FACILITIES, AND EQUIPMENT THAT WILL PROVIDE THE MOST ADVANCED, STATE-OF-THE -ART TREATMENTS AND THE HIGHEST QUALITY OF CARE AND COMFORT. NAMED ONE OF THE WORLD'S BEST HOSPITALS 2019-2025 BY NEWSWEEK MAGAZINE. NAMED A TOP HOSPITAL NATIONWIDE IN MONEY MAGAZINE'S THE BEST HOSPITALS OF 2025. RANKED AMONG THE 50 BEST HOSPITALS IN THE NATION IN OBSTETRICS/GYNECOLOGY AND HIGH PERFORMING IN 21 OTHER SPECIALTIES, AND PROCEDURES AND CONDITIONS IN U.S. NEWS' BEST HOSPITALS REPORT FOR 2025/2026. RANKED AMONG THE "BEST MATERNITY CARE HOSPITALS." | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,977,235 | ExpenseAmt |
| Grant | $1,977,235 | GrantAmt |
| Desc | GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR PROFESSIONAL AND COMMUNITY EDUCATION PROGRAMS REPRESENTING CONTINUING MEDICAL AND PROFESSIONAL EDUCATION, PROFESSIONAL CERTIFICATION AND ONGOING EDUCATIONAL PROGRAMS FOR OVER 10,700+ EMPLOYEES. SARASOTA MEMORIAL HOSPITAL IS ONE OF JUST 1% OF U.S. HOSPITALS TO EARN MAGNET NURSING RECOGNITION-THE HIGHEST HONOR FOR NURSING EXCELLENCE-FIVE TIMES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $14,315,702 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STACEY CORLEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9419171286 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1515 S OSPREY AVE SUITE B4 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34239 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ROBERT G BARTNER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| CARL W BATTLE | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN COLLINS | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY DORNBUSH | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT ESSNER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN GROETELAARS | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS F KELLY MD | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL KLEIN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRY LUNDGREN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| GWEN MACKENZIE | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| DIANE MAYER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JONATHAN E MITCHELL | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA RODKIN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL C SCOTT III | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JON SODERBERG | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JACKIE TILTON | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID VERINDER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| KIRK VOELKER MD | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JOEL MORGANROTH MD | |||||||
| SECRETARY | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SANDRA K STUART | |||||||
| VICE CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ROBERT LEE WOOD | |||||||
| CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DEBORAH KABINOFF | |||||||
| IMMEDIATE PAST CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ERIC SPIEGEL | |||||||
| TREASURER | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| STACEY CORLEY | |||||||
| PRESIDENT | 50.00 | $336,990 | $0 | $38,989 | Yes (X) | ||
| CRAIG A MORAN | |||||||
| DIR. OF DEVELOPMENT | 50.00 | $181,729 | $0 | $25,090 | Yes (X) | ||
| PATRICK J MCQUILLAN | |||||||
| VICE PRES. OF STRATEGIC PHILANTHROPY | 50.00 | $191,897 | $0 | $33,929 | Yes (X) | ||
| SALLY A SCHULE | |||||||
| DIR. OF COMMUNITY ENGAGEMENT | 50.00 | $178,553 | $0 | $15,651 | Yes (X) | ||
| PATRICIA MAHLER | |||||||
| DIR. OF COMMUNICATIONS | 50.00 | $160,223 | $0 | $13,052 | Yes (X) | ||
| SHANA MEADOWS | |||||||
| DIR. OF FINANCE AND OPERATIONS | 50.00 | $171,685 | $0 | $15,498 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,221,077 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $142,209 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE RITZ-CARLTON SARASOTA | |||||
| 1111 RITZ-CARLTON DRIVE | SARASOTA | FL | 34236 | GALA EVENT - VENUE, FOOD, DRINKS, STAFF | $234,791 |
| MICHAEL'S ON EAST | |||||
| 1212 S EAST AVENUE | SARASOTA | FL | 34239 | CATERING | $170,500 |
| BAY STAGE LIVE LLC | |||||
| 4008 WEST ALVA STREET | TAMPA | FL | 33614 | EVENT PRODUCTION SERVICES | $168,926 |
| BENTZ WHALEY FLESSNER AND ASSOCIATES IN | |||||
| 7900 XERXES AVENUE SOUTH SUITE 980 | MINNEAPOLIS | MN | 55431 | CONSULTING | $151,761 |
| NPACT | |||||
| 701 EDGEWATER DRIVE | WAKEFIELD | MA | 01880 | CONSULTING | $103,675 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $502,761 | FundraisingAmt |
| All Other Contributions | $25,655,793 | AllOtherContributionsAmt |
| Noncash Contributions | $1,697,608 | NoncashContributionsAmt |
| Total Contributions | $26,158,554 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,753,650 | TotalRevenueColumnAmt |
| Exclusion | $4,753,650 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $60,354,240 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $57,312,709 | SecuritiesAmt |
| Other | $9,024 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,041,531 | SecuritiesAmt |
| Other | -$9,024 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,032,507 | TotalRevenueColumnAmt |
| Exclusion | $3,032,507 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $2,653,897 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $502,761 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $992,777 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,661,120 | TotalRevenueColumnAmt |
| Exclusion | $1,661,120 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| PARTNERSHIP K-1 | 900099 | $328,902 | $21,142 | $307,760 |
| INSURANCE PROCEEDS | 900099 | $71,609 | $71,609 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $400,511 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,006,342 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $21,142 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,826,646 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,315,702 | TotalAmt |
| Program Services | $14,315,702 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $418,629 | TotalAmt |
| Management And General | $125,589 | ManagementAndGeneralAmt |
| Fundraising | $293,040 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,016,615 | TotalAmt |
| Management And General | $811,280 | ManagementAndGeneralAmt |
| Fundraising | $1,205,335 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,695 | TotalAmt |
| Management And General | $19,079 | ManagementAndGeneralAmt |
| Fundraising | $27,616 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,438 | TotalAmt |
| Management And General | $24,153 | ManagementAndGeneralAmt |
| Fundraising | $34,285 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,276 | TotalAmt |
| Management And General | $62,608 | ManagementAndGeneralAmt |
| Fundraising | $99,668 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,890 | TotalAmt |
| Management And General | $7,890 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,255 | TotalAmt |
| Management And General | $31,255 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,761 | TotalAmt |
| Fundraising | $151,761 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,443 | TotalAmt |
| Management And General | $276,443 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,283 | TotalAmt |
| Fundraising | $268,283 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,002 | TotalAmt |
| Management And General | $45,753 | ManagementAndGeneralAmt |
| Fundraising | $193,249 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,864 | TotalAmt |
| Management And General | $28,932 | ManagementAndGeneralAmt |
| Fundraising | $28,932 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,857 | TotalAmt |
| Management And General | $1,975 | ManagementAndGeneralAmt |
| Fundraising | $5,882 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,593 | TotalAmt |
| Management And General | $5,297 | ManagementAndGeneralAmt |
| Fundraising | $5,296 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,275 | TotalAmt |
| Management And General | $3,061 | ManagementAndGeneralAmt |
| Fundraising | $6,214 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,379 | TotalAmt |
| Management And General | $31,379 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| FEDERAL TAX PAYMENTS | $7 | $7 | |
| PURCHASED SERVICES | $651,684 | $537,533 | $114,151 |
| MERCHANT PROCESSING FEE | $39,329 | $39,329 | |
| EXPENSES REPORTED ON K- | $24,803 | $24,803 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,449 | TotalAmt |
| Management And General | $3,199 | ManagementAndGeneralAmt |
| Fundraising | $1,250 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,830,229 | TotalAmt |
| Program Services | $14,315,702 | ProgramServicesAmt |
| Management And General | $2,079,565 | ManagementAndGeneralAmt |
| Fundraising | $2,434,962 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,089,069 | BOYAmt |
| EOY | $7,880,325 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,990,077 | BOYAmt |
| EOY | $21,263,188 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,500 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,435,473 | BOYAmt |
| EOY | $1,769,680 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $69,080 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,500 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,560 | BOYAmt |
| EOY | $56,580 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,481,038 | BOYAmt |
| EOY | $130,328,210 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,735,712 | BOYAmt |
| EOY | $25,320,005 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,856,429 | BOYAmt |
| EOY | $186,617,988 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $370,630 | BOYAmt |
| EOY | $796,685 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,846,711 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $532,800 | BOYAmt |
| EOY | $448,818 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,313 | BOYAmt |
| EOY | $99,714 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,025,454 | BOYAmt |
| EOY | $1,345,217 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,424,601 | BOYAmt |
| EOY | $35,789,629 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,406,374 | BOYAmt |
| EOY | $149,483,142 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,830,975 | BOYAmt |
| EOY | $185,272,771 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,856,429 | BOYAmt |
| EOY | $186,617,988 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $17,176,113 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,002,251 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $7,846,711 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $416,721 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,970,238 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,830,154 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,347,314 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,586,330 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,158,554 | CurrentTaxYearAmt |
| Total | $134,892,590 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,970,238 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,830,154 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,347,314 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,586,330 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,158,554 | CurrentTaxYearAmt |
| Total | $134,892,590 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $45,090,525 | SubstantialContributorsTotAmt |
| Public Support Total170 | $89,802,065 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $720,254 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $895,168 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,574,136 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,840,158 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,753,650 | CurrentTaxYearAmt |
| Total | $12,783,366 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $7,062 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $21,142 | CurrentTaxYearAmt |
| Total | $28,204 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $44,883 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $216,833 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $111,543 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$62,427 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $379,369 | CurrentTaxYearAmt |
| Total | $690,201 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $148,394,361 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $10,127,907 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.60520 | PublicSupportCY170Pct |
| Public Support PY170 | 0.53810 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $27,760,866 | BeginningYearBalanceAmt |
| Contributions | $2,603,875 | ContributionsAmt |
| Investment Earnings Or Losses | $2,525,237 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $131,911 | OtherExpendituresAmt |
| End Year Balance | $32,758,067 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,637,593 | BeginningYearBalanceAmt |
| Contributions | $14,888,729 | ContributionsAmt |
| Investment Earnings Or Losses | $1,507,860 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $273,316 | OtherExpendituresAmt |
| End Year Balance | $27,760,866 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,047,759 | BeginningYearBalanceAmt |
| Contributions | $180,518 | ContributionsAmt |
| Investment Earnings Or Losses | $564,348 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $155,032 | OtherExpendituresAmt |
| End Year Balance | $11,637,593 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,239,344 | BeginningYearBalanceAmt |
| Contributions | $13,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,092,725 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,111,860 | OtherExpendituresAmt |
| End Year Balance | $11,047,759 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,967,285 | BeginningYearBalanceAmt |
| Contributions | $183,846 | ContributionsAmt |
| Investment Earnings Or Losses | $2,056,754 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $968,541 | OtherExpendituresAmt |
| End Year Balance | $13,239,344 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.48680 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.34270 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.17050 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,080 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,500 | DepreciationAmt |
| Book Value | $56,580 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $56,580 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ASSETS HELD IN CHARITABLE TRUSTS | $201,674 |
| BEQUESTS RECEIVABLE | $23,521,677 |
| BENEFICIAL INTEREST IN PERPETUAL TRUSTS | $1,139,726 |
| CONTRIBUTIONS RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS | $357,214 |
| RIGHT-OF-USE LEASE ASSET | $99,714 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $25,320,005 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $99,714 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $99,714 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,060,025 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,002,251 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $6,815 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $1,649,962 | OtherRevenueAmt |
| Revenue Not Reported | $2,659,028 | RevenueNotReportedAmt |
| Revenue Subtotal | $35,400,997 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $276,443 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $328,902 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $605,345 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $36,006,342 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $19,464,940 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $6,815 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $929,142 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $935,957 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,528,983 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $276,443 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $24,803 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $301,246 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $18,830,229 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INCOME FROM ENDOWMENT IS USED TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE ORGANIZATION ACCORDING TO THE RESTRICTIONS DESCRIBED BY THE DONOR, OR THE BOARD OF TRUSTEES IN THE CASE OF BOARD DESIGNATED ENDOWMENTS. |
| PART X, LINE 2: | UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE FOUNDATION 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON PERPETUAL TRUSTS 71,435. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 585,750. SPECIAL EVENTS EXPENSE 992,777. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT INCOME FROM SCHEDULE K-1'S 328,902. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ADJUSTMENT BAD DEBT RESERVE 159,749. FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B 992,777. RETURN OF GRANTS -223,384. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT EXPENSES REPORTED ON K-1'S RECEIVED 24,803. |
| SCHEDULE D PART V LINE 1E | THESE ARE FUNDS FROM BOARD DESIGNATED, QUASI-ENDOWMENT FUNDS THAT THE BOARD RELEASED DURING THE YEAR INTO NET ASSETS WITHOUT DONOR RESTRICTIONS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTZ WHALEY FLESSNER & ASSOCIATES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 XERXES AVENUE SOUTH SUITE 980 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55431 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAMPAIGN PLANNING & COACHING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $151,761 | RetainedByContractorAmt |
| Net To Organization | $0 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $151,761 | TotalRetainedByContractorsAmt |
| Licensed States | FL | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $2,125,993 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $216,055 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $1,909,938 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $264,971 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $6,600 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $216,533 | OtherDirectExpensesEvent1Amt |
| Event2 | ROCK THE ROOF | Event2Nm |
| Gross Receipts Event2 | $388,484 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $133,407 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $255,077 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $44,718 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $8,505 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $196,362 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $642,181 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $153,299 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $488,882 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $105,487 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $1,000 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $148,601 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $3,156,658 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $502,761 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $2,653,897 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $415,176 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $16,105 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $561,496 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $992,777 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $1,661,120 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART I, LINE 2B, COLUMN (V) | FormAndLineReferenceDesc |
| Explanation | FIXED SERVICE FEES FOR FUNDRAISING COUNSEL; CONSULTANT SUBMITS RECEIPTS FOR EXPENSE REIMBURSEMENT AT COST. EXPENSE PAYMENTS AND REIMBURSEMENTS ARE ITEMIZED ON THE BILLING. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| SARASOTA COUNTY PUBLIC HOSPITAL BOARD SARASOTA MEMORIAL HEALTHCARE SYSTEMS | ||||||||
| 1700 S TAMIAMI TRAIL | SARASOTA | FL | 34239 | 650480667 | SARASOTA COUNTY | $14,133,202 | $0 | EDUCATION, FACILITIES & EQUIPMENT, RESEARCH, PATIENT CARE AND OTHER |
| GOOD SAMARITAN PHARMACY & HEALTH SERVICES INC | ||||||||
| 2502 NORTH TAMIAMI TRAIL | NOKOMIS | FL | 34275 | 262295558 | 501(C)3 | $45,000 | $0 | INDIGENT PATIENT CARE SUPPORT |
| JEWISH FAMILY & CHILDRENS SERVICE OF THE SUNCOAST INC | ||||||||
| 2688 FRUITVILLE ROAD | SARASOTA | FL | 34237 | 592693318 | 501(C)3 | $50,000 | $0 | BEHAVIORAL HEALTH PROGRAM SUPPORT |
| ON THE SPOT AID INC | ||||||||
| 12161 MERCADO DRIVE | VENICE | FL | 34293 | 851931026 | 501(C)3 | $37,500 | $0 | INDIGENT PATIENT CARE SUPPORT |
| SUNCOAST COMMUNITIES BLOOD BANK INC | ||||||||
| 3025 LAKEWOOD RANCH BLVD SUITE 111 | BRADENTON | FL | 34211 | 590873275 | 501(C)3 | $50,000 | $0 | BLOOD PROCESSING EQUIPMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE RESTRICTED TO QUALIFIED TAX-EXEMPT HEALTHCARE ORGANIZATIONS LOCATED WITHIN SARASOTA COUNTY, FLORIDA. PRIOR TO AUTHORIZING DISBURSEMENTS, THE BOARD OF TRUSTEES VERIFIES THAT EACH RECIPIENT ORGANIZATION MEETS ONE OF THE FOLLOWING CRITERIA: QUALIFIES AS A LOCAL GOVERNMENTAL UNIT AS DEFINED IN INTERNAL REVENUE CODE SECTION 170(B); OR IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3). THIS DETERMINATION IS SUPPORTED THROUGH REVIEW OF THE ORGANIZATION'S IRS DETERMINATION LETTER AND CONFIRMATION THAT GRANT FUNDS WILL BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES CONSISTENT WITH SECTIONS 170(C)(1) AND 170(B). THE SARASOTA COUNTY PUBLIC HOSPITAL BOARD (D/B/A SARASOTA MEMORIAL HOSPITAL) IS CONSIDERED A LOCAL GOVERNMENTAL UNIT AS DEFINED IN SECTION 170(B). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STACEY CORLEY | ||||||||||||||
| PRESIDENT | $274,375 | $0 | $62,615 | $0 | $0 | $0 | $11,265 | $0 | $27,724 | $0 | $375,979 | $0 | $0 | $0 |
| PATRICK J MCQUILLAN | ||||||||||||||
| VICE PRES. OF STRATEGIC PHILANTHROPY | $179,553 | $0 | $12,344 | $0 | $0 | $0 | $6,969 | $0 | $26,960 | $0 | $225,826 | $0 | $0 | $0 |
| CRAIG A MORAN | ||||||||||||||
| DIR. OF DEVELOPMENT | $169,948 | $0 | $11,781 | $0 | $0 | $0 | $7,006 | $0 | $18,084 | $0 | $206,819 | $0 | $0 | $0 |
| SALLY A SCHULE | ||||||||||||||
| DIR. OF COMMUNITY ENGAGEMENT | $167,604 | $0 | $10,949 | $0 | $0 | $0 | $6,909 | $0 | $8,742 | $0 | $194,204 | $0 | $0 | $0 |
| SHANA MEADOWS | ||||||||||||||
| DIR. OF FINANCE AND OPERATIONS | $162,598 | $0 | $9,087 | $0 | $0 | $0 | $5,562 | $0 | $9,936 | $0 | $187,183 | $0 | $0 | $0 |
| PATRICIA MAHLER | ||||||||||||||
| DIR. OF COMMUNICATIONS | $149,836 | $0 | $10,387 | $0 | $0 | $0 | $6,833 | $0 | $6,219 | $0 | $173,275 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,697,608 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK EXCHANGE/FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | INVESTMENT FIRM THAT HANDLES MANAGEMENT OF ALL OF THE ORGANIZATION'S INVESTMENTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 6 | VOLUNTEER GOVERNING BOARD OF TRUSTEES PLUS VOLUNTEER COMMITTEE CHAIRS AND MEMBERS FOR SPECIAL EVENTS. |
| FORM 990, PART V, LINE 2B: | WAGES ARE PAID BY AND REIMBURSED TO SMH HEALTH CARE, INC.(FEIN 59-2620159) |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED AND RESTATED EFFECTIVE MARCH 27, 2025. PREVIOUS ARTICLE V - OFFICERS: SECTION 1. SELECTION. THE BOARD OF TRUSTEES NO LATER THAN AT ITS ANNUAL MEETING SHALL ELECT AS OFFICERS: CHAIR, VICE CHAIR, SECRETARY AND TREASURER, AND SUCH OTHER ASSISTANTS OR OFFICERS AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEE FROM TIME TO TIME. THE TERM FOR THE CHAIR, VICE CHAIR, SECRETARY AND TREASURER SHALL COMMENCE WITH THE FISCAL YEAR UNLESS OTHERWISE SPECIFIED BY THE BOARD OF TRUSTEES. THE VICE CHAIR SHALL ALSO BE ELECTED AS AN ASSISTANT SECRETARY FOR PURPOSES OF ACTING IN THE EVENT THAT THE SECRETARY IS UNABLE TO ACT. SECTION 2. TERM, REMOVAL, AND VACANCIES. EACH OFFICER OF THE CORPORATION SHALL HOLD OFFICE UNTIL THE OFFICER'S SUCCESSOR IS ELECTED AND QUALIFIED OR UNTIL THE OFFICER'S EARLIER RESIGNATION OR REMOVAL. THE TERM OF OFFICE FOR EACH OFFICER SHALL BE ONE YEAR EXCEPT FOR THE CHAIR WHICH WILL SERVE FOR 2 YEARS. ANY OFFICER ELECTED OR APPOINTED BY THE BOARD OF TRUSTEES MAY BE REMOVED AT ANY TIME BY AN AFFIRMATIVE VOTE OF THE MAJORITY OF THE BOARD OF TRUSTEES THEN IN OFFICE. ANY VACANCY OCCURRING IN ANY OFFICE OF THE CORPORATION SHALL BE FILLED BY THE BOARD OF TRUSTEES. SECTION 3. CHAIR OF THE BOARD. THE CHAIR SHALL PRESIDE AT ALL MEETINGS OF THE BOARD OF TRUSTEES, AND SHALL SEE THAT ALL ORDERS AND RESOLUTIONS OF THE BOARD OF TRUSTEES ARE COMMUNICATED TO THE OFFICERS FOR IMPLEMENTATION. THE CHAIR SHALL IN CONSULTATION WITH THE NOMINATING COMMITTEE NOMINATE THE VICE CHAIR, TREASURER AND SECRETARY WHO SHALL BE ELECTED BY THE BOARD. THE CHAIR WILL SELECT ALL STANDING COMMITTEE CHAIRS AND MAY ALSO ESTABLISH AD HOC COMMITTEES. THE CHAIR SHALL ALSO SUPERVISE THE PRESIDENT AND OTHER OFFICERS OF THE CORPORATION IF ANY. SECTION 4. VICE CHAIR. THE VICE CHAIR SHALL SERVE IN THE ABSENCE OF THE CHAIR, OR IN THE EVENT OF HIS INABILITY TO ACT. SECTION 5. SECRETARY. THE SECRETARY OR HIS/HER DESIGNEE SHALL ATTEND ALL MEETINGS OF THE BOARD OF TRUSTEES, AND SHALL RECORD ALL THE PROCEEDINGS THEREOF IN A MINUTE BOOK TO BE KEPT FOR THAT PURPOSE. THE SECRETARY SHALL GIVE, OR CAUSE TO BE GIVEN, ALL NOTICES REQUIRED BY STATUTE, BYLAW OR RESOLUTION, AND SHALL PERFORM SUCH OTHER DUTIES AS MAY BE PRESCRIBED BY THE BOARD OF TRUSTEES OR PRESIDENT. THE SECRETARY SHALL HAVE CUSTODY OF THE CORPORATE SEAL OF THE CORPORATION. SECTION 6. TREASURER. THE TREASURER SHALL CHAIR THE FINANCE COMMITTEE WHICH WILL PROVIDE OVERALL FISCAL OVERSIGHT. THE CORPORATION'S CHIEF FINANCIAL EMPLOYEE OR DESIGNEE SHALL HAVE THE CUSTODY OF THE CORPORATE FUNDS AND SECURITIES, AND SHALL KEEP FULL AND ACCURATE ACCOUNTS OF RECEIPTS AND DISBURSEMENTS AS WELL AS SHALL DISBURSE FUNDS OF THE CORPORATION AS MAY BE ORDERED BY THE BOARD OF TRUSTEES, AND SHALL RENDER TO THE PRESIDENT AND BOARD OF TRUSTEES, AT REGULAR MEETINGS, OR WHEN SO REQUIRED, AN ACCOUNT OF ALL TRANSACTIONS AS TREASURER AND OF THE FINANCIAL CONDITION OF THE CORPORATION. SECTION 7. IMMEDIATE PAST CHAIR. THE IMMEDIATE PAST CHAIR SHALL SERVE AS ADVISOR TO THE CHAIR AND SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE AND VOTING MEMBER OF THE BOARD OF TRUSTEES. THE TERM OF OFFICE SHALL BE ONE YEAR OR UNTIL THE SITTING CHAIR ROTATES OFF AS CHAIR. PAST CHAIRS MAY BE INVITED BY THE BOARD OF TRUSTEES AS EX-OFFICIO (NON-VOTING MEMBERS) AND THEIR PRESENCE WILL NOT BE COUNTED IN THE MAXIMUM NUMBER OF TRUSTEES ALLOWABLE. IS SUPERSEDED BY AMENDED ARTICLE V - OFFICERS: SECTION 1. SELECTION. THE BOARD OF TRUSTEES NO LATER THAN THE LAST MEETING OF ITS FISCAL YEAR SHALL ELECT AS OFFICERS: CHAIR, VICE CHAIR, SECRETARY, AND TREASURER, AND SUCH OTHER ASSISTANTS OR OFFICERS AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEES FROM TIME TO TIME. THE CHAIR SHALL BE NOMINATED BY THE NOMINATING & GOVERNANCE COMMITTEE AND SHALL BE ELECTED NOT LATER THAN THE MAY MEETING OF THE BOARD OF TRUSTEES. THE TERM FOR THE CHAIR, VICE CHAIR, SECRETARY, AND TREASURER SHALL COMMENCE WITH THE NEXT FISCAL YEAR UNLESS OTHERWISE SPECIFIED BY THE BOARD OF TRUSTEES. THE VICE CHAIR SHALL ALSO BE ELECTED AS AN ASSISTANT SECRETARY FOR PURPOSES OF ACTING IN THE EVENT THAT THE SECRETARY IS UNABLE TO ACT. SECTION 2. TERM, REMOVAL, AND VACANCIES. EACH OFFICER OF THE CORPORATION SHALL HOLD OFFICE UNTIL THE OFFICER'S SUCCESSOR IS ELECTED AND QUALIFIED OR UNTIL THE OFFICER'S EARLIER RESIGNATION OR REMOVAL. THE TERM OF OFFICE FOR EACH OFFICER SHALL BE ONE YEAR, AND EACH OFFICER MAY SERVE NO MORE THAN THREE CONSECUTIVE TERMS. ANY OFFICER ELECTED OR APPOINTED BY THE BOARD OF TRUSTEES MAY BE REMOVED AT ANY TIME BY AN AFFIRMATIVE VOTE OF THE MAJORITY OF THE BOARD OF TRUSTEES THEN IN OFFICE. ANY VACANCY OCCURRING IN ANY OFFICE OF THE CORPORATION SHALL BE FILLED BY THE BOARD OF TRUSTEES. SECTION 3. CHAIR OF THE BOARD. THE CHAIR SHALL PRESIDE AT ALL MEETINGS OF THE BOARD OF TRUSTEES, AND SHALL SEE THAT ALL ORDERS AND RESOLUTIONS OF THE BOARD OF TRUSTEES ARE COMMUNICATED TO THE OFFICERS FOR IMPLEMENTATION. THE NOMINATING & GOVERNANCE COMMITTEE, IN CONSULTATION WITH THE CHAIR-ELECT, SHALL NOMINATE THE VICE CHAIR, TREASURER, AND SECRETARY WHO SHALL BE ELECTED BY THE BOARD OF TRUSTEES. THE TREASURER SHALL CHAIR THE FINANCE & INVESTMENT COMMITTEE. THE CHAIR WILL SELECT ALL OTHER STANDING COMMITTEE CHAIRS AND MAY ALSO ESTABLISH AD HOC COMMITTEES. EACH STANDING COMMITTEE CHAIR MAY SERVE NO MORE THAN THREE CONSECUTIVE TERMS. THE CHAIR SHALL ALSO SUPERVISE THE PRESIDENT AND OTHER OFFICERS OF THE CORPORATION IF ANY. SECTION 4. VICE CHAIR. THE VICE CHAIR SHALL SERVE IN THE ABSENCE OF THE CHAIR, OR IN THE EVENT OF THE CHAIR'S INABILITY TO ACT. SECTION 5. SECRETARY. THE SECRETARY OR THE DESIGNEE SELECTED BY THE PRESIDENT OF THE CORPORATION SHALL ATTEND ALL MEETINGS OF THE BOARD OF TRUSTEES, AND SHALL RECORD AND MAINTAIN THE RECORD OF ALL THE PROCEEDINGS THEREOF. THE SECRETARY SHALL GIVE, OR CAUSE TO BE GIVEN, ALL NOTICES REQUIRED BY STATUTE, BYLAW OR RESOLUTION, AND SHALL PERFORM SUCH OTHER DUTIES AS MAY BE PRESCRIBED BY THE BOARD OF TRUSTEES OR PRESIDENT. THE SECRETARY OR THE DESIGNEE SELECTED BY THE PRESIDENT OF THE CORPORATION SHALL HAVE CUSTODY OF THE CORPORATE SEAL OF THE CORPORATION. SECTION 6. TREASURER. THE TREASURER SHALL CHAIR THE FINANCE & INVESTMENT COMMITTEE WHICH WILL PROVIDE OVERALL FISCAL OVERSIGHT OF THE CORPORATION. THE PRESIDENT OF THE CORPORATION OR THE DESIGNEE SELECTED BY THE PRESIDENT OF THE CORPORATION SHALL HAVE THE CUSTODY OF THE CORPORATE FUNDS AND SECURITIES, AND SHALL KEEP FULL AND ACCURATE ACCOUNTS OF RECEIPTS AND DISBURSEMENTS AS WELL AS SHALL DISBURSE FUNDS OF THE CORPORATION AS MAY BE ORDERED BY THE BOARD OF TRUSTEES, AND SHALL RENDER TO THE PRESIDENT OF THE CORPORATION AND THE BOARD OF TRUSTEES, AT REGULAR MEETINGS, OR WHEN SO REQUIRED, AN ACCOUNT OF ALL TRANSACTIONS AS TREASURER AND OF THE FINANCIAL CONDITION OF THE CORPORATION. SECTION 7. IMMEDIATE PAST CHAIR. THE IMMEDIATE PAST CHAIR SHALL SERVE AS ADVISOR TO THE CHAIR AND SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE AND VOTING MEMBER OF THE BOARD OF TRUSTEES. THE TERM OF OFFICE SHALL BE UNTIL THE END OF THE TERM OF THE CURRENT CHAIR (INCLUDING UP TO THREE CONSECUTIVE ONE YEAR TERMS). |
| FORM 990, PART VI, SECTION B, LINE 11B | EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES AN ELECTRONIC COPY OF THE ENTIRE 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES, OFFICERS, EMPLOYEES AND MEMBERS OF ANY COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ARE COVERED BY THE POLICY AND ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST WHICH MAY BE A CONFLICT OF INTEREST. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON IS 1) AN OFFICER OR DIRECTOR OR EMPLOYEE OF AN ORGANIZATION WHICH IS APPLYING FOR OR RECEIVING A GRANT FROM THE FOUNDATION, 2) HAS AN OWNERSHIP OR INVESTMENT INTEREST OF GREATER THAN 5% IN ANY ENTITY WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT, AND/OR 3) HAS A COMPENSATION ARRANGEMENT WITH THE FOUNDATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS REASONABLY CONSIDERED NOT INSUBSTANTIAL. THE INTERESTED PERSON IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES OR MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. A CONFLICT MAY BE DECLARED BY THE INTERESTED PERSON WITHOUT FURTHER ACTION, OR THE BOARD OR COMMITTEE MAY MAKE A DETERMINATION AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS. AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE MEETING WHILE THE BOARD OR COMMITTEE DISCUSSES THE MATTER AND DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, 1) THE BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE PROPOSED TRANSACTION WHICH INVOLVES A CONFLICT OF INTEREST, OR 2) THE BOARD OR COMMITTEE SHALL DETERMINE, BY MAJORITY VOTE, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND WHETHER TO PROCEED OR REJECT THE PROPOSAL. DURING THE DISCUSSION AND VOTE ON THE MATTER, THE INTERESTED PERSON WITH THE CONFLICT OF INTEREST SHALL NOT BE PRESENT. A VOTING MEMBER OF THE BOARD OF TRUSTEES OR OF ANY COMMITTEE WHO RECEIVED COMPENSATION DIRECTLY OR INDIRECTLY FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS FAILED TO DISCLOSE AS REQUIRED, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION GUIDELINES ASSIST THE BOARD IN FULFILLING ITS RESPONSIBILITIES TO ACHIEVE THE FOUNDATION'S GOALS AND OBJECTIVES ACCORDING TO THE MISSION STATEMENT AND UPDATED BY THE STRATEGIC PLAN. THE ALLOCATION OF FINANCIAL AND HUMAN RESOURCES IS DESIGNED FOR THAT PARTICULAR PURPOSE AND THE BOARD RECOGNIZES THAT ACHIEVING THE MISSION REQUIRES ATTRACTING, RETAINING AND REWARDING SKILLED EXECUTIVES AND PERSONNEL WITHIN APPROPRIATE GUIDELINES ESTABLISHED BY GOOD GOVERNANCE PRACTICES. THE BOARD WISHES TO ESTABLISH COMPENSATION INCENTIVES THAT ARE COMPETITIVE IN THE MARKETPLACE AND BALANCED BETWEEN SHORT AND LONG-TERM PERFORMANCE DESIGNED TO MOTIVATE AND REWARD MISSION DIRECTED PERFORMANCE. THE GOVERNANCE AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE FUNCTIONING OF THE BOARD OF TRUSTEES AND ENSURES THAT AN EFFECTIVE PERFORMANCE EVALUATION AND COMPENSATION PROCESS IS IN PLACE. DUTIES INCLUDE 1) FACILITATE THE ANNUAL PERFORMANCE REVIEW OF THE FOUNDATION PRESIDENT. INVITE PERFORMANCE FEEDBACK FROM ALL BOARD MEMBERS. AT AN ANNUAL EXECUTIVE SESSION OF THE BOARD, SHARE FEEDBACK, AND REACH CONSENSUS ON OVERALL PERFORMANCE RATING. 2) ANNUALLY RECOMMEND COMPENSATION AND BONUS LEVELS TO THE BOARD FOR THE FOUNDATION PRESIDENT. 3) COMPENSATION FOR SENIOR EXECUTIVES MUST MEET STANDARDS UNDER IRS INTERMEDIATE SANCTIONS REGULATIONS AS THEY APPLY TO DISQUALIFIED PERSONS. THIS INCLUDES THE PRESIDENT AND OTHER KEY STAFF. COMPENSATION, FOR PURPOSES OF INTERMEDIATE SANCTIONS, INCLUDES ALL REMUNERATION. ANNUALLY THE FULL BOARD MEETS TO ESTABLISH THE MISSION-ORIENTED STRATEGY FOR THE COMING YEAR AND APPROVE THE ANNUAL PLAN FOR ALLOCATING FINANCIAL RESOURCES. THE STRATEGY WILL BECOME THE BASIS FOR ESTABLISHING PERFORMANCE GOALS FOR THE ORGANIZATION AS A WHOLE AND FOR INDIVIDUALS. THE GOVERNANCE AND COMPENSATION COMMITTEE ESTABLISHES MISSION-ORIENTED PERFORMANCE GOALS AND OVERALL COMPENSATION PHILOSOPHY FOR THE COMING YEAR BASED ON THE STRATEGY AND FINANCIAL RESOURCES. THE BOARD HAS DETERMINED THAT MERIT INCREASES AND BONUSES ARE BASED ON PERFORMANCE IN ACHIEVING THE FOUNDATION'S OBJECTIVES TO FULFILL THE MISSION AND STRATEGIC PLAN. THE BOARD HAS ALSO SET A GOAL THAT ALL STAFF, INCLUDING EXECUTIVES, RECEIVE MARKET COMPETITIVE COMPENSATION INCLUDING BENEFITS. THE PRESIDENT OR DESIGNEE EVALUATES EACH STAFF MEMBER DURING THE ANNUAL PLANNING PROCESS AND COMPENSATION IS ADJUSTED BASED ON PERFORMANCE, THE BOARD APPROVED ANNUAL OPERATING BUDGET, AND THE MARKET BASED SALARY POINT FOR THAT POSITION. THE PRESIDENT HAS PARAMETERS FOR TOTAL COMPENSATION PAID TO STAFF BASED ON THE BOARD APPROVED ANNUAL OPERATING BUDGET AND IS REQUIRED TO INFORM THE EXECUTIVE COMMITTEE WHENEVER COMPENSATION WILL EXCEED THOSE PARAMETERS. THE GOVERNANCE AND COMPENSATION COMMITTEE EVALUATES THE PRESIDENT ANNUALLY AT THE END OF THE EACH FISCAL YEAR AND DETERMINES THE ANNUAL RATING BASED ON PERFORMANCE, ACHIEVEMENT OF GOALS AND COMPARABLE COMPENSATION FOR LIKE POSITIONS IN SIMILAR ORGANIZATIONS. TO MEET THE REASONABLE STANDARD OF THE IRS, THE FOUNDATION HAS IDENTIFIED A GROUP OF ORGANIZATIONS MOST COMPARABLE TO THE FOUNDATION IN TERMS OF REVENUES AND THEIR SOURCES, SCOPE OF ACTIVITIES, MISSION, QUALITY OF STAFF THEY RECRUIT AND PUBLIC PROMINENCE. THE TOTAL COMPENSATION FOR THE CEOS OF THESE ORGANIZATIONS IS USED TO DETERMINE REASONABLENESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 585,750. UNREALIZED GAIN ON PERPETUAL TRUSTS 71,435. NET INVESTMENT (INCOME) LOSS REPORTED ON SCHEDULE K-1'S RECEIVED -304,099. ADJUSTMENT BAD DEBT RESERVE -159,749. RETURN OF GRANT FUNDS 223,384. |
| FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS | THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART XI, LINE 8 | DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE FOUNDATION CHANGED ITS ACCOUNTING POLICY RELATED TO THE RECOGNITION OF GRANTS PAYABLE AND THE CORRESPONDING GRANT EXPENSE. THE AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING SEPTEMBER 30, 2025 WERE RETROSPECTIVELY ADJUSTED TO REFLECT THE NEW ACCOUNTING POLICY FOR ALL PERIODS PRESENTED. THE CUMULATIVE EFFECT OF THE CHANGE RESULTED IN AN INCREASE TO OPENING NET ASSETS OF $9,470,041 AS OF OCTOBER 1, 2023. IN ADDITION, THE CHANGE RESULTED IN A DECREASE IN THE CHANGE IN NET ASSETS OF $1,623,330 FOR THE YEAR ENDED SEPTEMBER 30, 2024, AS PREVIOUSLY REPORTED AMOUNTS HAVE BEEN RESTATED. |
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