Civic Intelligence

Pinellas Community Foundation

990 • Fiscal year 2015 • EIN 23-7113194

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 07, 2016

5200 East Bay Drive 202Clearwater, FL 33764

(727) 531-0058

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

5th percentile

$53,770

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

25th percentile

-2.4%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

88th percentile

32%

Faster revenue growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$85,672,957

Down $2,068,616 (-2.4%) from 2014

Net Assets

Down

$85,672,957

Down $2,068,616 (-2.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$4,115,222

Up $995,274 (+32%) from 2014

Expenses

Up

$2,941,871

Up $243,639 (+9.0%) from 2014

Net Income

Up

$1,173,351

Up $751,635 (+178%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $82,551,652Liabilities 2010: $0Net Assets 2010: $82,551,6522010Assets 2011: $83,740,599Liabilities 2011: $0Net Assets 2011: $83,740,5992011Assets 2012: $78,287,771Liabilities 2012: $0Net Assets 2012: $78,287,7712012Assets 2013: $85,607,432Liabilities 2013: $0Net Assets 2013: $85,607,4322013Assets 2014: $87,741,573Liabilities 2014: $0Net Assets 2014: $87,741,5732014Assets 2015: $85,672,957Liabilities 2015: $0Net Assets 2015: $85,672,9572015Assets 2017: $98,168,151Liabilities 2017: $15,023Net Assets 2017: $98,153,1282017Assets 2018: $97,426,209Liabilities 2018: $53,294Net Assets 2018: $97,372,9152018Assets 2019: $120,047,340Liabilities 2019: $63,249Net Assets 2019: $119,984,0912019Assets 2020: $135,249,213Liabilities 2020: $5,644,002Net Assets 2020: $129,605,2112020Assets 2021: $142,858,566Liabilities 2021: $1,217,908Net Assets 2021: $141,640,6582021Assets 2022: $118,703,653Liabilities 2022: $312,710Net Assets 2022: $118,390,9432022Assets 2024: $154,557,687Liabilities 2024: $8,086,992Net Assets 2024: $146,470,6952024

Highlighted filing

2015

Assets$85,672,957
Liabilities$0
Net Assets$85,672,957

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $2,388,4092010Expenses 2011: $2,757,8922011Expenses 2012: $12,494,1402012Revenue 2013: $3,210,152Expenses 2013: $2,730,528Net Income 2013: $479,6242013Revenue 2014: $3,119,948Expenses 2014: $2,698,232Net Income 2014: $421,7162014Revenue 2015: $4,115,222Expenses 2015: $2,941,871Net Income 2015: $1,173,3512015Revenue 2017: $9,151,083Expenses 2017: $3,559,599Net Income 2017: $5,591,4842017Revenue 2018: $12,646,495Expenses 2018: $4,210,652Net Income 2018: $8,435,8432018Revenue 2019: $15,327,688Expenses 2019: $5,121,765Net Income 2019: $10,205,9232019Revenue 2020: $24,159,880Expenses 2020: $20,682,020Net Income 2020: $3,477,8602020Revenue 2021: $23,264,951Expenses 2021: $18,892,031Net Income 2021: $4,372,9202021Revenue 2022: $8,175,378Expenses 2022: $7,842,991Net Income 2022: $332,3872022Revenue 2024: $21,652,227Expenses 2024: $17,825,459Net Income 2024: $3,826,7682024

Highlighted filing

2015

Revenue$4,115,222
Expenses$2,941,871
Net Income$1,173,351
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$18,860,968
Mission and Program Overview

Mission

To improve the quality of life in our community by bringing together philanthropy and solutions to local issues. From the issues of childhood hunger, homelessness, or quality healthcare to arts education or college scholarships, pcf supports a diverse set of nonprofit organizations and causes that have a deep and broad-ranging impact reflective of both the community's needs and donor wishes.

The foundation provides donors with detailed information about our communitys needs and priorities. We support non-profit organizations so they may continue to provide productive, community-focused programs that benefit pinellas county. We manage programs that deliver grants, and scholarships that support the endeavors of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$86,805,333$84,471,829▼ $2,333,504
Cash and Non-Interest-Bearing Accounts-$316,343-
Savings and Temporary Cash Investments$936,240$209,362▼ $726,878
Total Assets$87,741,573$85,672,957▼ $2,068,616
Other Assets Total-$675,423-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$62,041,309$60,346,170▼ $1,695,139
Unrestricted Net Assets$25,700,264$24,841,793▼ $858,471
Temporarily Rstr Net Assets-$484,994-
Total Net Assets Fund Balance$87,741,573$85,672,957▼ $2,068,616
Total Liabilities and Net Assets / Fund Balance$87,741,573$85,672,957▼ $2,068,616

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$55,623,106$280,696▲ $1,867,942-$55,895,202
2013$55,161,317$461,789▲ $1,909,088-$55,623,106
2012$56,476,957$143,199▲ $4,397,858-$49,976,717
2011$61,166,150$1,029,002▲ $1,360,798-$61,606,957
Compensation and Service Providers

Employees

NameTitleBaseTotal
Julie ScalesExec Director / S$53,770$53,770

Board Members and Trustees

NameTitle
Byron SmithChair
David SietsmaVice-chair
Ginny RowellBoard Member
Irene SullivanBoard Member
Jeannine WilliamsBoard Member
Joseph W Fleece IiiBoard Member
Judith PowersBoard Member
Ken PelusoBoard Member
Maria EdmondsBoard Member
Robert EntelBoard Member
Sallie ParksBoard Member
Sandy DiamondBoard Member
Sarah WilliamsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$206,463
Program Service Revenue
$0
Investment Income
$3,908,759
Other Revenue
$0
All Other Contributions
$206,463
Change in Net Assets
$1,173,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,115,222
Revenue Not Reported on Form 990
$-3,879,159
Total Revenue per Audited Statements
$236,063
Total Revenue per Form 990
$4,115,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,090,067
Other Expenses$741,904
Salaries, Compensation, and Employee Benefits$109,900
Total Fundraising Expense$19,336
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,090,067--$2,090,067
Fees for Service Investment Mgmnt Fees$658,988--$658,988
Current Officers, Directors, Trustees, and Key Employees$51,082$2,688-$53,770
Other Salaries and Wages$44,398$2,337-$46,735
Fees for Services Other-$22,762-$22,762
Fees for Services Accounting-$10,655-$10,655
Payroll Taxes$6,142$323-$6,465
All Other Expenses-$6,418-$6,418
Conferences and Meetings-$5,860-$5,860
Insurance-$4,272-$4,272
Other Expenses-$3,438$19,336$3,438
Other Employee Benefits$2,784$146-$2,930
Travel-$413-$413
Total Functional Expenses$2,853,461$69,074$19,336$2,941,871

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,941,871
Total Expenses per Form 990$2,941,871
Total Expenses per Audited Statements$2,304,679
Expenses Not Reported on Form 990$-637,192
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Schenectady Co Historical SocSchenectady, NY--$300,000
Goodwill Industries-suncoastSt Petersburg, FL--$101,407
Shriners Hospital for ChildrenTampa, FL--$68,544
Albany AcademyAlbany, NY--$51,606
Lighthouse of Pinellas IncLargo, FL--$47,278
ST ANTHONY'S HOSPITALSt Petersburg, FL--$41,219
Morton Plant Mease Health CareClearwater, FL--$39,808
Citizens Alliance for ProgressincTarpon Springs, FL--$39,000
St Petersburg College FoundSt Petersburg, FL--$35,868
Museum of Fine ArtsSt Petersburg, FL--$32,739
Arc of Tampa BayClearwater, FL--$31,533
Usf Found-medicineTampa, FL--$31,000
Alpha House of Pinellas County IncSt Petersburg, FL--$30,787
Brookwood Florida-centralSt Petersburg, FL--$30,000
Pre-school ExperienceSt Petersburg, FL--$30,000
St Petersburg Free ClinicSt Petersburg, FL--$30,000
Audobon of FloridaMiami, FL--$29,108
Florida Sheriffs Youth RanchesBoys Ranch, FL--$27,220
Stetson University College of LawGulfport, FL--$27,000
Clearwater Marine AquariumClearwater, FL--$26,049
Friends of StraysSt Petersburg, FL--$26,049
CasaSt Petersburg, FL--$24,000
Boley Centers IncSt Petersburg, FL--$20,000
Omf InternationalLittleton, CO--$20,000
Arthritis FoundationAtlanta, GA--$19,836
Community Service Foundation IncClearwater, FL--$19,000
Directions for LivingClearwater, FL--$19,000
ALL CHILDREN'S HOSPITAL FOUNDATIONSt Petersburg, FL--$17,272
Daystar Life Center IncSt Petersburg, FL--$17,000
U of Florida College of MedicineGainesville, FL--$16,299
Family ResourcesPinellas Park, FL--$16,000
Jdrf Tampa Bay ChapterSt Petersburg, FL--$15,000
American Stage CompanySt Petersburg, FL--$14,200
Florida Orchestra IncSt Petersburg, FL--$14,200
Morean Arts CenterSt Petersburg, FL--$14,200
Ruth Eckerd HallClearwater, FL--$14,200
Clearwater Free ClinicClearwater, FL--$13,015
College Fund of PinellasClearwater, FL--$11,184
Habitat for Hubitat for Humanity ofClearwater, FL--$10,365
Aids Service Center of PinellasSt Petersburg, FL--$10,000
Big Brothers Big Sisters of PinellaLargo, FL--$10,000
Blossom Montessori School for the DClearwater, FL--$10,000
Boys & Girls Clubs of the SuncoastSt Petersburg, FL--$10,000
Caring and Sharing for Ind LivingLargo, FL--$10,000
Catholic Charities for Benedict HavSt Petersburg, FL--$10,000
Christian Outreach CenterLargo, FL--$10,000
Clearwater Neighborhood HousingClearwater, FL--$10,000
Clothes to KidsClearwater, FL--$10,000
Community Law ProgramSt Petersburg, FL--$10,000
Crystal Beach Community ChurchCrystal Beach, FL--$10,000
Crystal Beach Youth Center IncCrystal Beach, FL--$10,000
Eckerd KidsClearwater, FL--$10,000
Girls Inc of PinellasPinellas Park, FL--$10,000
Great Explorations IncSt Petersburg, FL--$10,000
Happy Workers Learning CenterSt Petersburg, FL--$10,000
Heart Gallery of Pinellas & PascoClearwater, FL--$10,000
Police Athletic League of St PeterSt Petersburg, FL--$10,000
Ready for Life IncSt Petersburg, FL--$10,000
SHEPERD'S VILLAGELargo, FL--$10,000
Sheperd Center of Tarpon SpringsTarpon Springs, FL--$10,000
Suncoast Voices for Children IncLargo, FL--$10,000
Tampa Bay Cares 211Clearwater, FL--$10,000
United Methodist Coop MinistriessClearwater, FL--$10,000
Academy Prep of TampaTampa, FL--$9,923
Ywca of Tampa Bay IncSt Petersburg, FL--$9,000
ST JUDE'S CHILDRENS' HOSPITALMemphis, TN--$8,455
Sister Margaret Freeman FoundationSt Petersburg, FL--$8,197
St Petersburg Arts AllianceSt Petersburg, FL--$8,000
Wusf PublicmediaTampa, FL--$7,975
Religious Community ServicesClearwater, FL--$7,932
Council on FoundationsArlington, VA--$7,560
Southeastern Guide DogsPalmetto, FL--$7,500
House of Mercy and EncourageDunedin, FL--$7,000
Gulf Coast Legal ServicesSt Petersburg, FL--$6,000
Literacy Council of St PetersburgSt Petersburg, FL--$6,000
Memorial Sloan-kettering InstituteNew York, NY--$5,975
Tampa Bay SymphonyClearwater, FL--$5,975
Pinellas Education FoundationLargo, FL--$5,865
CHILDREN'S HOMETampa, FL--$5,800
Literacy Council of Upper PinellasDunedin, FL--$5,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Committee reviews form 990

Form 990, Page 6, Part VI, Line 12C

Monitored by executive director and chair

Form 990, Page 6, Part VI, Line 15A

Committee approves executive director compensation

Form 990, Page 6, Part VI, Line 15B

Committee approves executive director compensation

Form 990, Page 6, Part VI, Line 19

AVAILABLE ON REQUEST

Filing and Contact Details

Filer

Filer Name
Pinellas Community Foundation
EIN
23-7113194
Address
5200 EAST BAY DRIVE 202, CLEARWATER, FL 33764

Signing Officer

Name
Julie Scales
Title
Exec Director / Secretary
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Scales
Formed
1969
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Firm
Frscpa Pllc
Address
1301 66TH ST N, SAINT PETERSBURG, FL 33710-5501
Preparer
Paul E Horowitz
Phone
7273471120
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0IN 1969, TEN PINELLAS COUNTY BANKS AND TRUST COMPANIES JOINED FORCES TO SIMPLIFY YOUR PHILANTHROPIC OPTIONS FOR IMPROVING OUR COMMUNITY. THE FOUNDATION WAS FORED BY A TRUST AGREEMENT WHICH ESTABLISHED A GOVERNING BODY OF IMPARTIAL PINELLAS CITIZENS CHOSEN FOR THEIR COMMUNITY LEADERSHIP AND UNDERSTANDING OF PHILANTHROPIC NEEDS. THE BOARD OF GOVERNORS SERVES TO SAFEGUARD DONATIONS AND OVERSEE THE SELECTION OF CHARITABLE BENEFICIARIES. THE BOARD OF GOVNERNORS INCLUDES APPOINTEE REPRESENTATIVES OF LOCAL GOVERNMENT AND NONPROFITS ORGANIZATIONS, AND UP TO EIGHT OTHER COMMUNITY LEADERS. THE FOUNDATION HAS A BONA-FIDE PROGRAM TO SOLICIT FUNDS FROM THE PUBLIC AS WELL AS A MEMBERSHIP PROGRAM WITH AN LOWER TIER MEMBERSHIP STARTING AT 25 IN AN EFFORT TO ENROLL A SUBSTANTIAL NUMBER OF PEOPLE FROM THE COMMUNITY. AS OF DECEMBER 31, 2015, THE FOUNDATION HALD APPROXIMATLY 24.8 MILLION OF UNRESTRICTED INVESTEMENTS, FROM WHICH IT MAKES DONATIONS TO LOCAL NONPROFITS UNDER A NUMBER OF PROGRAMS. IN 2015, THE FOUNDATION MADE DISCRETIONARY GRANTS TOTALLING OF APPROXIMATELY 585,000 TO OVER 100 NONPROFITS. THE FOUNDATION MAKES ITSELF KNOWN TO THE PUBLIC THROUGH ITS WEBSITE, ON WHICH IT POSTS ITS ANNUAL REPORT, FORM 990, AND AUDITED FINANCIAL STATEMENTS. THE FOUNDATION ALSO MAINTAINS A FACEBOOK, PINTEREST AND GOOGLE+ PAGE AND GIVING4PINELLAS. THE FOUNDATION RECENTLY ADOPTED A REFRESHED LOOK, WITH AN UPDATED LOGO AND RENEWED DEDICATION TO SERVING PINELLAS COUNTY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN 1969, TEN PINELLAS COUNTY BANKS AND TRUST COMPANIES JOINED FORCES TO SIMPLIFY YOUR PHILANTHROPIC OPTIONS FOR IMPROVING OUR COMMUNITY. THE FOUNDATION WAS FORED BY A TRUST AGREEMENT WHICH ESTABLISHED A GOVERNING BODY OF IMPARTIAL PINELLAS CITIZENS CHOSEN FOR THEIR COMMUNITY LEADERSHIP AND UNDERSTANDING OF PHILANTHROPIC NEEDS. THE BOARD OF GOVERNORS SERVES TO SAFEGUARD DONATIONS AND OVERSEE THE SELECTION OF CHARITABLE BENEFICIARIES. THE BOARD OF GOVNERNORS INCLUDES APPOINTEE REPRESENTATIVES OF LOCAL GOVERNMENT AND NONPROFITS ORGANIZATIONS, AND UP TO EIGHT OTHER COMMUNITY LEADERS. THE FOUNDATION HAS A BONA-FIDE PROGRAM TO SOLICIT FUNDS FROM THE PUBLIC AS WELL AS A MEMBERSHIP PROGRAM WITH AN LOWER TIER MEMBERSHIP STARTING AT 25 IN AN EFFORT TO ENROLL A SUBSTANTIAL NUMBER OF PEOPLE FROM THE COMMUNITY. AS OF DECEMBER 31, 2015, THE FOUNDATION HALD APPROXIMATLY 24.8 MILLION OF UNRESTRICTED INVESTEMENTS, FROM WHICH IT MAKES DONATIONS TO LOCAL NONPROFITS UNDER A NUMBER OF PROGRAMS. IN 2015, THE FOUNDATION MADE DISCRETIONARY GRANTS TOTALLING OF APPROXIMATELY 585,000 TO OVER 100 NONPROFITS. THE FOUNDATION MAKES ITSELF KNOWN TO THE PUBLIC THROUGH ITS WEBSITE, ON WHICH IT POSTS ITS ANNUAL REPORT, FORM 990, AND AUDITED FINANCIAL STATEMENTS. THE FOUNDATION ALSO MAINTAINS A FACEBOOK, PINTEREST AND GOOGLE+ PAGE AND GIVING4PINELLAS. THE FOUNDATION RECENTLY ADOPTED A REFRESHED LOOK, WITH AN UPDATED LOGO AND RENEWED DEDICATION TO SERVING PINELLAS COUNTY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$8.09$146$21.7$17.8$3.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$119$0.31$118$8.18$7.84$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$143$1.22$142$23.3$18.9$4.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$135$5.64$130$24.2$20.7$3.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$0.06$120$15.3$5.12$10.2
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.4$0.05$97.4$12.6$4.21$8.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.2$0.02$98.2$9.15$3.56$5.59
2015Detailed filing. Detailed filing data is available for this year.$85.7$0.00$85.7$4.12$2.94$1.17
2014Detailed filing. Detailed filing data is available for this year.$87.7$0.00$87.7$3.12$2.70$0.42
2013Detailed filing. Detailed filing data is available for this year.$85.6$0.00$85.6$3.21$2.73$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.3$0.00$78.3$12.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.7$0.00$83.7$2.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.6$0.00$82.6$2.39