Civic Intelligence

Manatee Community Foundation Inc.

990 • Fiscal year 2020 • EIN 65-0833500

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 19, 2021

2820 Manatee Avenue WestBradenton, FL 34205

(941) 747-7765

Siviq Scores

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

Liabilities / Assets

45th percentile

0.23x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

1.36x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$224,223

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

38th percentile

2.7%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

7.2%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$51,383,604

Up $1,351,176 (+2.7%) from 2019

Net Assets

Up

$39,611,095

Up $1,128,300 (+2.9%) from 2019

Liabilities

Up

$11,772,509

Up $222,876 (+1.9%) from 2019

Revenue

Up

$8,679,667

Up $582,886 (+7.2%) from 2019

Expenses

Up

$7,179,232

Up $1,528,608 (+27%) from 2019

Net Income

Down

$1,500,435

Down $945,722 (-39%) from 2019

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $18,818,785Liabilities 2010: $3,573,884Net Assets 2010: $15,244,9012010Assets 2011: $22,967,850Liabilities 2011: $4,145,305Net Assets 2011: $18,822,5452011Assets 2012: $22,140,571Liabilities 2012: $3,880,327Net Assets 2012: $18,260,2442012Assets 2013: $30,026,112Liabilities 2013: $4,373,850Net Assets 2013: $25,652,2622013Assets 2014: $34,344,381Liabilities 2014: $6,069,057Net Assets 2014: $28,275,3242014Assets 2015: $36,605,616Liabilities 2015: $7,360,509Net Assets 2015: $29,245,1072015Assets 2016: $35,794,941Liabilities 2016: $7,271,066Net Assets 2016: $28,523,8752016Assets 2017: $38,255,024Liabilities 2017: $6,890,641Net Assets 2017: $31,364,3832017Assets 2018: $46,360,216Liabilities 2018: $12,162,557Net Assets 2018: $34,197,6592018Assets 2019: $50,032,428Liabilities 2019: $11,549,633Net Assets 2019: $38,482,7952019Assets 2020: $51,383,604Liabilities 2020: $11,772,509Net Assets 2020: $39,611,0952020Assets 2021: $65,364,400Liabilities 2021: $14,872,851Net Assets 2021: $50,491,5492021Assets 2022: $57,782,445Liabilities 2022: $12,931,176Net Assets 2022: $44,851,2692022Assets 2023: $60,485,512Liabilities 2023: $13,483,672Net Assets 2023: $47,001,8402023Assets 2024: $62,863,473Liabilities 2024: $15,800,712Net Assets 2024: $47,062,7612024Assets 2025: $69,118,344Liabilities 2025: $18,098,375Net Assets 2025: $51,019,9692025

Highlighted filing

2020

Assets$51,383,604
Liabilities$11,772,509
Net Assets$39,611,095

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,509,1462010Expenses 2011: $1,781,0802011Revenue 2012: $3,051,221Expenses 2012: $2,666,542Net Income 2012: $384,6792012Expenses 2013: $2,214,7452013Revenue 2014: $5,409,167Expenses 2014: $3,388,888Net Income 2014: $2,020,2792014Revenue 2015: $5,601,770Expenses 2015: $3,449,171Net Income 2015: $2,152,5992015Revenue 2016: $4,134,184Expenses 2016: $3,312,808Net Income 2016: $821,3762016Revenue 2017: $5,904,815Expenses 2017: $4,565,396Net Income 2017: $1,339,4192017Revenue 2018: $14,811,628Expenses 2018: $5,119,822Net Income 2018: $9,691,8062018Revenue 2019: $8,096,781Expenses 2019: $5,650,624Net Income 2019: $2,446,1572019Revenue 2020: $8,679,667Expenses 2020: $7,179,232Net Income 2020: $1,500,4352020Revenue 2021: $13,130,439Expenses 2021: $7,336,468Net Income 2021: $5,793,9712021Revenue 2022: $10,792,058Expenses 2022: $8,035,291Net Income 2022: $2,756,7672022Revenue 2023: $6,929,741Expenses 2023: $7,929,900Net Income 2023: -$1,000,1592023Revenue 2024: $8,689,100Expenses 2024: $11,138,055Net Income 2024: -$2,448,9552024Revenue 2025: $10,235,365Expenses 2025: $7,088,291Net Income 2025: $3,147,0742025

Highlighted filing

2020

Revenue$8,679,667
Expenses$7,179,232
Net Income$1,500,435
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 19, 2021
Return Version
2019v5.2
Gross Receipts
$29,895,815
Mission and Program Overview

Mission

Manatee community foundation partners with our citizens to strengthen and enhance our community through philanthropy, education, and service-now and forever.

Manatee community foundation partners with our citizens to strengthen and enhance our community through philanthropy, education, and service-now and forever. We do this through the creation and stewardship of charitable funds, charitable legacy planning, education for nonprofits and philanthropic investors, and engaging our community around important issues such as foster care, education, and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,815,583$43,571,098▲ $1,755,515
Cash and Non-Interest-Bearing Accounts$4,322,754$4,649,582▲ $326,828
Land, Buildings, and Equipment, Net$1,392,093$1,339,338▼ $52,755
Investments Other Securities$2,077,371$1,123,456▼ $953,915
Other Notes and Loans Receivable, Net$125,000$354,644▲ $229,644
Pledges and Grants Receivable$114,016$201,618▲ $87,602
Prepaid Expenses and Deferred Charges$11,881$9,069▼ $2,812
Savings and Temporary Cash Investments$7,994$0▼ $7,994
Total Assets$50,032,428$51,383,604▲ $1,351,176
Other Assets Total$165,736$134,799▼ $30,937
Liabilities
Other Liabilities$11,425,314$11,534,926▲ $109,612
Grants Payable$104,597$215,355▲ $110,758
Accounts Payable and Accrued Expenses$19,722$22,228▲ $2,506
Total Liabilities$11,549,633$11,772,509▲ $222,876
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,996,074$39,084,287▲ $1,088,213
Net Assets With Donor Restrictions$486,721$526,808▲ $40,087
Total Net Assets Fund Balance$38,482,795$39,611,095▲ $1,128,300
Total Liabilities and Net Assets / Fund Balance$50,032,428$51,383,604▲ $1,351,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,066,427$138,303$1,204,730
Land$216,603-$216,603
Equipment$56,308$80,744$137,052

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$24,725,447$1,026,598▲ $391,862-$24,366,493
2018$24,171,861$350,026▲ $1,282,110$5,270$24,725,447
2017$23,030,786$854,728▲ $1,720,711$6,183$24,171,861
2016$20,778,418$890,094▲ $2,457,779$45,732$23,030,786
2015$21,652,495$742,321▼ $359,129$58,573$20,778,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan BowieExecutive DirectorFT$121,721$15,331$137,052

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,061,814
Program Service Revenue
$468,142
Investment Income
$1,155,425
Other Revenue
$-5,714
All Other Contributions
$7,044,614
Change in Net Assets
$1,500,435

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded57$1,672,836Stock Exchange
Total Noncash Contributions57$1,672,836-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,498,321
Revenue Not Reported on Financial Statements
$1,181,346
Revenue Not Reported on Form 990
$50,197,531
Other Revenue Adjustments
$1,128,148
Total Revenue per Audited Statements
$57,695,852
Total Revenue per Form 990
$8,679,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,864,050
Other Expenses$868,951
Total Fundraising Expense$529,658
Salaries, Compensation, and Employee Benefits$446,231
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,592,774--$5,592,774
Fees for Services Other$199,498$108,850$221,915$530,263
Grants to Domestic Individuals$271,276--$271,276
Other Salaries and Wages$97,033$35,914$99,655$232,602
Current Officers, Directors, Trustees, and Key Employees$42,260$42,260$56,346$140,866
Conferences and Meetings$56,139$3,583$7,305$67,027
Fees for Service Investment Mgmnt Fees$22,939$12,516$25,517$60,972
Advertising$20,324$11,089$22,608$54,021
Depreciation Depletion$19,848$10,830$22,079$52,757
Other Employee Benefits$13,849$6,403$14,844$35,096
Other Expenses$11,058$6,033$12,300$29,391
Payroll Taxes$10,094$5,507$11,228$26,829
Office Expenses$9,346$5,099$10,396$24,841
Insurance$6,629$3,617$7,374$17,620
Information Technology$6,380$3,481$7,097$16,958
Occupancy$5,080$2,772$5,651$13,503
Pension Plan Contributions$4,648$1,516$4,674$10,838
Fees for Services Legal$376$205$419$1,000
Fees for Services Accounting$225$123$250$598
Total Functional Expenses$6,389,776$259,798$529,658$7,179,232

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$54,758,216
Expenses Not Reported on Form 990$48,744,595
Total Expenses per Form 990$7,179,232
Expenses per Audited Statements$6,013,621
Expenses Not Reported on Financial Statements$1,165,611
Other Expense Adjustments$1,112,413
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sarasota Memorial Healthcare Foundation IncSarasota, FL501(c)(3)General Support, Program Support$412,500
Meals on Wheels Plus of Manatee IncBradenton, FL501(c)(3)General Support, Program Support$394,503
Florida Cultural Group Inc Fka the Mantaee PlayersBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$296,670
Bishop Museum of Science and Nature IncBradenton, FL501(c)(3)General Support, Program Support$269,356
United Way SuncoastTampa, FL501(c)(3)General Support, Program Support$262,177
Realize Bradenton IncBradenton, FL501(c)(3)General Support, Program Support$158,525
Community Foundation of Sarasota County IncSarasota, FL501(c)(3)Emergency Assistance, Program Support$143,828
Massachusetts General HospitalBoston, MA501(c)(3)Program Support$142,600
Boys & Girls Clubs of Manatee County IncBradenton, FL501(c)(3)General Support, Program Support$123,849
Manatee Education FoundationBradenton, FL501(c)(3)Program Support$118,006
Sarasota OrchestraSarasota, FL501(c)(3)General Support$114,824
Community Coalition on Homelessness Dba Turning PointsBradenton, FL501(c)(3)General Support, Program Support$104,722
Animal Network IncBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$97,750
United Way Suncoast IncBradenton, FL501(c)(3)General Support, Program Support$92,951
Sea Breeze Elementary SchoolBradenton, FL501(c)(3)Program Support$83,500
Tidewell Hospice IncSarasota, FL501(c)(3)General Support, Program Support$78,660
Visible Men AcademyBradenton, FL501(c)(3)Program Support$76,750
Library Foundation Inc Dba Manatee County Public Library FoundationBradenton, FL501(c)(3)General Support$76,214
Unidosnow IncSarasota, FL501(c)(3)General Support, Program Support$61,864
Humane Society of Manatee County IncBradenton, FL501(c)(3)General Support, Program Support$61,354
CHILDREN'S GUARDIAN FUND INCSarasota, FL501(c)(3)Program Support$50,065
United Way of Central Georgia IncMacon, GA501(c)(3)Program Support$50,000
We Care Manatee IncBradenton, FL501(c)(3)General Support, Program Support$47,870
Southeastern Guide Dogs IncPalmetto, FL501(c)(3)General Support, Program Support$44,400
Genesis Health Services Inc Dba Genesis Medical ClinicPalmetto, FL501(c)(3)Program Support$44,000
Saint James School IncHagerstown, MD501(c)(3)General Support$40,000
Agape Flights IncVenice, FL501(c)(3)General Support$39,564
Centerstone of FloridaBradenton, FL501(c)(3)General Support, Program Support$37,549
Sarasota Manatee Association for Riding TherapyBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$37,197
Multicultural Health InstituteSarasota, FL501(c)(3)Program Support$37,000
Manatee County Habitat for HumanityBradenton, FL501(c)(3)General Support, Program Support$36,671
Safe Children Coalition IncSarasota, FL501(c)(3)Program Support$35,600
Boxser Diversity Initiative IncLongboat Key, FL501(c)(3)General Support$35,000
Central Church of Christ of Sarasota IncSarasota, FL501(c)(3)Program Support$34,000
Christian Home and Bible SchoolMount Dora, FL501(c)(3)Program Support$34,000
Hope Family Services IncBradenton, FL501(c)(3)General Support, Program Support$33,800
Easter Seals Southwest Florida IncSarasota, FL501(c)(3)General Support, Program Support$32,500
Manatee County Rural Health Services IncPalmetto, FL501(c)(3)Program Support$30,000
Plymouth Harbor IncSarasota, FL501(c)(3)Program Support$30,000
Harvest Tabernacle of Sarasota Dba Harvest House Transitional CentersSarasota, FL501(c)(3)General Support, Program Support$27,785
Step Up SuncoastSarasota, FL501(c)(3)General Support, Program Support$27,425
Center for Disaster Philanthropy IncWashington, DC501(c)(3)Program Support$27,000
Planned Parenthood of Southwest and Central Florida IncSarasota, FL501(c)(3)General Support, Program Support$26,892
Suncoast Communities Blood Bank Inc Dba Suncoast Blood CentersBradenton, FL501(c)(3)Program Support$26,795
Conservation Foundation of the Gulf CoastOsprey, FL501(c)(3)Program Support$26,500
Salvation Army - ManateeBradenton, FL501(c)(3)General Support, Program Support$26,271
Giving Alliance of Myakka City IncMyakka City, FL501(c)(3)General Support, Program Support$25,050
Amikids IncTampa, FL501(c)(3)General Support$25,000
Our Daily Bread of Bradenton IncBradenton, FL501(c)(3)General Support, Program Support$25,000
School District of Manatee CountyBradenton, FL501(c)(3)Program Support$25,000
MANATEE CHILDREN'S SERVICES INCORPORATEDBradenton, FL501(c)(3)General Support$24,828
Neuro Challenge Foundation IncSarasota, FL501(c)(3)General Support, Program Support$23,250
Goodwill Industries Manasota IncBradenton, FL501(c)(3)General Support, Program Support$22,046
New College Foundation IncSarasota, FL501(c)(3)Program Support, Scholarship Support$22,000
ST JUDE CHILDREN'S RESEARCH HOSPITALMemphis, TN501(c)(3)General Support$21,777
The Florida Center for Early ChildhoodSarasota, FL501(c)(3)General Support, Program Support$21,500
Guardian Angels of Sw Florida IncBradenton, FL501(c)(3)General Support$20,949
Saints Peter & Paul the Apostles Catholic ChurchBradenton, FL501(c)(3)General Support$20,400
Samaritan Counseling Services of the Gulf Coast IncSarasota, FL501(c)(3)Program Support$20,000
JOHNS HOPKINS ALL CHILDREN'S HOSPITAL FOUNDATION INCSt Petersburg, FL501(c)(3)General Support$19,500
Care Net Manasota Pregnancy Center IncBradenton, FL501(c)(3)General Support, Program Support, Scholarship Support$19,100
Foundation for Dreams IncBradenton, FL501(c)(3)General Support, Program Support$18,996
Manasota Solve IncBradenton, FL501(c)(3)General Support$18,700
Shriners Hospitals for Children - Tampa UnitTampa, FL501(c)(3)General Support$17,150
53rd Ave Church of ChristBradenton, FL501(c)(3)Program Support$17,000
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INCChicago, IL501(c)(3)General Support$17,000
Central Florida Bible Camp IncEustis, FL501(c)(3)Program Support$17,000
Churches of Christ Disaster Relief Effort IncNashville, TN501(c)(3)General Support$17,000
Eastern European MissionHurst, TX501(c)(3)General Support$17,000
Galatians 6-2 Inc Dba Christian Care Alliance of ManateeBradenton, FL501(c)(3)General Support$17,000
Healing Hands International IncNashville, TN501(c)(3)General Support$17,000
Health Talents International IncSearcy, AZ501(c)(3)General Support$17,000
Inter-american Restoration CorporationTupelo, MS501(c)(3)Program Support$17,000
Lake Butler Church of Christ IncLake Butler, FL501(c)(3)Program Support$17,000
Lipscomb UniversityNashville, TN501(c)(3)Scholarship Support$17,000
Midway Church of Christ IncSarasota, FL501(c)(3)General Support$17,000
Ohio Valley University IncVienna, WV501(c)(3)Scholarship Support$17,000
World Christian Broadcasting CorporationFranklin, TN501(c)(3)General Support$17,000
WOMEN'S RESOURCE CENTER OF MANATEE INCBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$16,425
Manatee Chamber FoundationBradenton, FL501(c)(3)Program Support$16,410
Healthy Teens Coalition of Manatee County IncBradenton, FL501(c)(3)Program Support$15,000
Mission to the World MinistriesAtlanta, GA501(c)(3)Program Support$15,000
Pace Center for Girls IncBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$14,299
Manatee County Family Ymca IncLakewood Ranch, FL501(c)(3)Program Support$14,000
Exchange Club Family Partnership Center of Manatee County IncBradenton, FL501(c)(3)General Support, Program Support$13,585
Anna Maria Island Community Center Dba the Center of Anna Maria IslandAnna Maria, FL501(c)(3)General Support$13,206
City of BradentonBradenton, FL501(c)(3)Program Support$12,500
State College of Florida FoundationBradenton, FL501(c)(3)General Support, Program Support$12,254
Take Stock in Children of Manatee County IncPalmetto, FL501(c)(3)General Support, Program Support$12,250
Amikids ManateeBradenton, FL501(c)(3)Program Support$12,000
University of Maryland College Park Foundation IncCollege Park, MD501(c)(3)Program Support$12,000
Honor Sanctuary Inc Dba Honor Animal RescueBradenton, FL501(c)(3)Capital Purchases, General Support, Program Support$11,221
The Island ChapelTierra Verde, FL501(c)(3)General Support$11,100
Instride TherapyNokomis, FL501(c)(3)General Support, Program Support$11,008
Father Kezar Opening Doors Foundation IncBradenton, FL501(c)(3)Program Support$11,000
Gulfcoast Legal Services IncSt Petersburg, FL501(c)(3)General Support, Program Support$11,000
National Psoriasis FoundationPortland, OR501(c)(3)General Support, Program Support$11,000
Conquistadore Historical Foundation IncBradenton, FL501(c)(3)Program Support$10,382
All Faiths Food Bank IncSarasota, FL501(c)(3)General Support$10,000
Catholic Bishop of Northern AlaskaFairbanks, AK501(c)(3)General Support$10,000
Center for Education Parents Association Dba Center Montessori SchoolBradenton, FL501(c)(3)Program Support$10,000
Education Foundation of Sarasota County IncSarasota, FL501(c)(3)General Support$10,000
Elon UniversityElon, NC501(c)(3)Program Support$10,000
FLORIDA BAPTIST CHILDREN'S HOMES INCLakeland, FL501(c)(3)Program Support$10,000
Feeding Empty Little Tummies IncPalmetto, FL501(c)(3)Program Support$10,000
Galatians 6-2 Inc Dba Hope 4 CommunitiesBradenton, FL501(c)(3)General Support$10,000
Mote Marine Laboratory IncSarasota, FL501(c)(3)General Support$10,000
One More Child Foundation IncLakeland, FL501(c)(3)Program Support$10,000
St Joseph Catholic ChurchBradenton, FL501(c)(3)Capital Purchases$10,000
Sun Valley School Pto IncSan Rafael, CA501(c)(3)Program Support$10,000
Suncoast Waterkeeper IncSarasota, FL501(c)(3)Program Support$10,000
The Capital Good FundProvidence, RI501(c)(3)Program Support$10,000
Tutwiler Clinic IncTutwiler, MS501(c)(3)General Support$10,000
United Methodist Church of Parrish IncParrish, FL501(c)(3)Program Support$10,000
Xavier Society for the BlindNew York, NY501(c)(3)General Support$10,000
Stillpoint MissionBradenton, FL501(c)(3)General Support, Program Support$9,975
Manatee County Girls Club Inc Dba Just for GirlsBradenton, FL501(c)(3)General Support, Program Support$8,849
Girl Scouts of Gulfcoast Florida IncSarasota, FL501(c)(3)Program Support$8,723
Art League of Manatee County Dba Art Center ManateeBradenton, FL501(c)(3)General Support, Program Support$8,600
Van Wezel Foundation IncSarasota, FL501(c)(3)Program Support$8,100
CHILDREN'S HOME SOCIETY OF FLORIDAOrlando, FL501(c)(3)Program Support$8,010
Literacy Council of Manatee County IncBradenton, FL501(c)(3)General Support, Program Support$7,866
Humane Society at Lakewood Ranch IncMyakka City, FL501(c)(3)Program Support$7,584
Boys & Girls Clubs of Sarasota County IncSarasota, FL501(c)(3)General Support, Program Support$7,500
Asolo Repertory Theatre IncSarasota, FL501(c)(3)General Support, Program Support$7,450
Operation Eco VetsSarasota, FL501(c)(3)Program Support$7,300
First Step of Sarasota IncSarasota, FL501(c)(3)Program Support$7,150
Roskamp Institute IncSarasota, FL501(c)(3)General Support, Program Support$7,100
Big Brothers Big Sisters of the Sun Coast IncVenice, FL501(c)(3)Program Support$7,065
Our Lady of the Angels Roman Catholic ChurchLakewood Ranch, FL501(c)(3)Capital Purchases, General Support$6,873
Florida Studio Theatre IncSarasota, FL501(c)(3)Program Support$6,869
SAINT STEPHEN'S EPISCOPAL SCHOOLBradenton, FL501(c)(3)Capital Purchases, General Support$6,550
St Joseph Food PantryBradenton, FL501(c)(3)Program Support$6,500
Florida Public Relations Education Foundation IncSarasota, FL501(c)(3)Program Support$6,159
Bridge Church at Palma Sola Bay IncBradenton, FL501(c)(3)General Support$6,000
Manatee County GovernmentBradenton, FL501(c)(3)Program Support$6,000
Sarasota Opera Association IncSarasota, FL501(c)(3)General Support, Program Support$5,500
Harbor Community ChurchBradenton, FL501(c)(3)General Support, Program Support$5,100
21st Century Ministries Inc (dba Inspiration Academy)Bradenton, FL501(c)(3)Program Support$5,000
50can IncWashington, DC501(c)(3)Program Support$5,000
American Ideas and Designs Inc Dba Greening AmericaFalls Church, VA501(c)(3)General Support$5,000
Bayside Community Church of SarasotaBradenton, FL501(c)(3)Capital Purchases$5,000
Boy Scouts of AmericaFt Myers, FL501(c)(3)General Support$5,000
Bridge a Life IncSarasota, FL501(c)(3)Program Support$5,000
Cardinal Mooney Catholic High SchoolSarasota, FL501(c)(3)Scholarship Support$5,000
Cherokee County Sharing Center IncMurphy, NC501(c)(3)Program Support$5,000
Florida Cancer Specialists Foundation IncLakewood Ranch, FL501(c)(3)Program Support$5,000
Florida-bahamas Synod ElcaTampa, FL501(c)(3)Program Support$5,000
Lemur Conservation FoundationMyakka City, FL501(c)(3)General Support$5,000
Links Foundation IncSarasota, FL501(c)(3)General Support$5,000
National Park FoundationWashington, DC501(c)(3)General Support$5,000
Newark Wayne Community HospitalNewark, NY501(c)(3)General Support$5,000
Project Hope - the People to People Health FoundationHagerstown, MD501(c)(3)Program Support$5,000
St Paul Center for Biblical TheologySteubenville, OH501(c)(3)General Support$5,000
The Legion of Christ IncCheshire, CT501(c)(3)General Support$5,000
The Players Inc Aka the Players Centre for Performing ArtsSarasota, FL501(c)(3)General Support$5,000
University of South Florida FoundationTampa, FL501(c)(3)Program Support$5,000
Work Vessels for Veterans IncWest Mystic, CT501(c)(3)General Support$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,954
Fundraising Gross Income$4,240
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heart of Manatee$17,800$4,240$5,223$-983
Total Events$17,800$4,240$9,954$-5,714
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held as Agency Endowments$11,485,874
Split Interest Contract Liability$49,052
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

So long as the foundation is exclusively an irc 509(a)(3) supporting organization to benefit the community foundation of sarasota county, inc. ("sarasota foundation"), and under provisions of this article iii, a majority of the members of the board of directors of the foundation are to be appointed by the board of directors of the sarasota foundation.

Form 990, Part VI, Section B, Line 11B

The chief financial & administrative officer and the executive director initially review the return before presenting the return to the board of directors for final approval before filing the return.

Form 990, Part VI, Section B, Line 12C

Annually, board members are required to complete a conflict of interest disclosure form which is reviewed upon receipt by the cfo and corporate counsel and again during the audit process.

Form 990, Part VI, Section B, Line 15A

The board of directors annually reviews and determines the compensation package of the executive director.

Form 990, Part VI, Section C, Line 19

All documents are available upon request

Filing and Contact Details

Filer

Filer Name
Manatee Community Foundation Inc
EIN
65-0833500
Phone
9417477765
Address
2820 MANATEE AVENUE WEST, BRADENTON, FL 34205

Signing Officer

Name
Laura Spencer
Title
CFO/CAO
Phone
9417477765
Signed
2021-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bowie
Formed
1998
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
7
Volunteers
30

Preparer

Firm
Kerkering Barberio & Co
Address
PO BOX 49348, SARASOTA, FL 34230-6348
Preparer
Rebecca U Stoner
Phone
9413654617
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6 Volunteers

Manatee community foundation utilizes board members and community volunteers on an asset development committee, diversity and inclusion task force, governance committee, scholarship committee, finance committee, and grants committee to provide important insights and guidance in decision-making. All board members are volunteers.

FORM 990, PART XI, LINE 9:

Current year agency activity not included on financial statements -25,685. Change in value of split interest agreement -30,352. Distributions to annuitants -17,900.

Form 990, Part XII, Line 2C Audit Review Process

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds provide grants that enhance the quality of life in manatee county and surrounding areas based on the intentions of the establishing donor.

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 combined financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenues reported by related organizations 50,543,981. Change in value of split interest accounts -30,352. Distributions to gift annuitants -17,900.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Administrative expenses netted with adminstrative revenue 475,073. Agency contributions not included on financial statements 76,476. Agency realized losses not included on financial statements -5,076. Agency interest & dividends not on financial statements 340,553. Intercompany grants eliminated for audit related to 990s 251,077. Special events expense included in 990 revenue -9,954. Rounding -1.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported by related organizations 48,734,641. Special events expense included in 990 revenue 9,954.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment fees (agency) 7,773. Administrative fees (agency) 45,296. Administrative fees netted with revenue for financial statements 475,073. Agency grants approved not included on financial statements 333,198. Intercompany grants eliminated for audit related to 990s 251,077. Rounding -4.

Raw XML AppendixShowing 400 of 2,180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-5714
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-5714
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-298198
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt037996074
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt039084287
IRS990/NoncashContributionsAmt01672836
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05651
IRS990/OccupancyGrp/ManagementAndGeneralAmt02772
IRS990/OccupancyGrp/ProgramServicesAmt05080
IRS990/OccupancyGrp/TotalAmt013503
IRS990/OfficeExpensesGrp/FundraisingAmt010396
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05099
IRS990/OfficeExpensesGrp/ProgramServicesAmt09346
IRS990/OfficeExpensesGrp/TotalAmt024841
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0165736
IRS990/OtherAssetsTotalGrp/EOYAmt0134799
IRS990/OtherChangesInNetAssetsAmt0-73937
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014844
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06403
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013849
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035096
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt012300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06033
IRS990/OtherExpensesGrp/ProgramServicesAmt011058
IRS990/OtherExpensesGrp/TotalAmt029391
IRS990/OtherLiabilitiesGrp/BOYAmt011425314
IRS990/OtherLiabilitiesGrp/EOYAmt011534926
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt099655
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035914
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097033
IRS990/OtherSalariesAndWagesGrp/TotalAmt0232602
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0125000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0354644
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011228
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05507
IRS990/PayrollTaxesGrp/ProgramServicesAmt010094
IRS990/PayrollTaxesGrp/TotalAmt026829
IRS990/PensionPlanContributionsGrp/FundraisingAmt04674
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01516
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04648
IRS990/PensionPlanContributionsGrp/TotalAmt010838
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0114016
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0201618
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09069
IRS990/PrincipalOfficerNm0SUSAN BOWIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0468142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0468142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06553435
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt04535991
IRS990/PYInvestmentIncomeAmt01131879
IRS990/PYOtherExpensesAmt0757671
IRS990/PYOtherRevenueAmt0-24719
IRS990/PYProgramServiceRevenueAmt0436186
IRS990/PYRevenuesLessExpensesAmt02446157
IRS990/PYSalariesCompEmpBnftPaidAmt0356962
IRS990/PYTotalExpensesAmt05650624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08096781
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01500435
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt03640
IRS990/ReportInvestmentsOtherSecInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$69.1$18.1$51.0$10.2$7.09$3.15
2024Detailed filing. Detailed filing data is available for this year.$62.9$15.8$47.1$8.69$11.1$2.45
2023Detailed filing. Detailed filing data is available for this year.$60.5$13.5$47.0$6.93$7.93$1.00
2022Detailed filing. Detailed filing data is available for this year.$57.8$12.9$44.9$10.8$8.04$2.76
2021Detailed filing. Detailed filing data is available for this year.$65.4$14.9$50.5$13.1$7.34$5.79
2020Detailed filing. Detailed filing data is available for this year.$51.4$11.8$39.6$8.68$7.18$1.50
2019Detailed filing. Detailed filing data is available for this year.$50.0$11.5$38.5$8.10$5.65$2.45
2018Detailed filing. Detailed filing data is available for this year.$46.4$12.2$34.2$14.8$5.12$9.69
2017Detailed filing. Detailed filing data is available for this year.$38.3$6.89$31.4$5.90$4.57$1.34
2016Detailed filing. Detailed filing data is available for this year.$35.8$7.27$28.5$4.13$3.31$0.82
2015Detailed filing. Detailed filing data is available for this year.$36.6$7.36$29.2$5.60$3.45$2.15
2014Detailed filing. Detailed filing data is available for this year.$34.3$6.07$28.3$5.41$3.39$2.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$4.37$25.7$2.21
2012Summary only. Only limited summary data is available for this year.$22.1$3.88$18.3$3.05$2.67$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$4.15$18.8$1.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$3.57$15.2$1.51