Civic Intelligence

Glenridge Charitable Foundation Inc.

990 • Fiscal year 2022 • EIN 81-2990180

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 15, 2024

8847 San Jose BoulevardJacksonville, FL 32217

(941) 552-5300

Siviq Scores

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

Liabilities / Assets

97th percentile

1.55x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.13x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

54th percentile

2.9%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

50%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$129,151

Up $3,699 (+2.9%) from 2021

Net Assets

Down

-$70,619

Down $196,071 (-156%) from 2021

Liabilities

Up

$199,770

Up $199,770 from 2021

Revenue

Up

$1,491,568

Up $493,905 (+50%) from 2021

Expenses

Up

$1,687,639

Up $338,577 (+25%) from 2021

Net Income

Up

-$196,071

Up $155,328 (+44%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $44,018Liabilities 2017: $0Net Assets 2017: $44,0182017Assets 2018: $453,446Liabilities 2018: $0Net Assets 2018: $453,4462018Assets 2019: $506,356Liabilities 2019: $0Net Assets 2019: $506,3562019Assets 2020: $476,851Liabilities 2020: $0Net Assets 2020: $476,8512020Assets 2021: $125,452Liabilities 2021: $0Net Assets 2021: $125,4522021Assets 2022: $129,151Liabilities 2022: $199,770Net Assets 2022: -$70,6192022Assets 2023: $172,136Liabilities 2023: $172,136Net Assets 2023: $02023Assets 2024: $53,430Liabilities 2024: $53,430Net Assets 2024: $02024

Highlighted filing

2022

Assets$129,151
Liabilities$199,770
Net Assets-$70,619

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $639,247Expenses 2017: $611,153Net Income 2017: $28,0942017Revenue 2018: $1,005,818Expenses 2018: $596,390Net Income 2018: $409,4282018Revenue 2019: $817,119Expenses 2019: $751,184Net Income 2019: $65,9352019Revenue 2020: $1,069,279Expenses 2020: $1,098,784Net Income 2020: -$29,5052020Revenue 2021: $997,663Expenses 2021: $1,349,062Net Income 2021: -$351,3992021Revenue 2022: $1,491,568Expenses 2022: $1,687,639Net Income 2022: -$196,0712022Revenue 2023: $860,009Expenses 2023: $789,390Net Income 2023: $70,6192023Revenue 2024: $535,869Expenses 2024: $535,869Net Income 2024: $02024

Highlighted filing

2022

Revenue$1,491,568
Expenses$1,687,639
Net Income-$196,071
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,491,568
Mission and Program Overview

Mission

Support and benefit the charitable purposes of the glenridge on palmer ranch, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$97,143$104,659▲ $7,516
Savings and Temporary Cash Investments$28,309$24,492▼ $3,817
Total Assets$125,452$129,151▲ $3,699
Liabilities
Other Liabilities$0$199,770▲ $199,770
Total Liabilities$0$199,770▲ $199,770
Net Assets / Fund Balance
Net Assets With Donor Restrictions$97,143$104,659▲ $7,516
Net Assets Without Donor Restrictions$28,309$-175,278▼ $203,587
Total Net Assets Fund Balance$125,452$-70,619▼ $196,071
Total Liabilities and Net Assets / Fund Balance$125,452$129,151▲ $3,699
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stewart PeetPresident
Ben TuroffDirector/trustee
Bob DuffDirector/trustee
James W Cater JrDirector/trustee
Jane JohnsonDirector/trustee
Jeff JohnsonDirector/trustee
Julie IrvinDirector/trustee
Margaret NewberryDirector/trustee
Marny StuartDirector/trustee
Robert NewberryDirector/trustee
Virginia JudgeDirector/trustee
Christina GuimondSecretary
Amanda HarrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,491,562
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$0
All Other Contributions
$1,491,562
Change in Net Assets
$-196,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,487,280
Other Expenses$200,359
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,487,280--$1,487,280
Other Expenses-$2,000-$2,000
Total Functional Expenses$1,487,280$200,359$0$1,687,639
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Glenridge on Palmer RanchJacksonville, FL501(c)(3)Charitable$543,598
Church of the PalmsSarasota, FL501(c)(3)Religious$52,118
All Faiths Food BankSarasota, FL501(c)(3)Charitable$43,625
Community Foundation of Sarasota CountySarasota, FL501(c)(3)Charitable$36,950
Salvation Army of SarasotaSarasota, FL501(c)(3)Charitable$24,160
Sarasota Baptist ChurchSarasota, FL501(c)(3)Religious$22,000
Easterseals Southwest FloridaSarasota, FL501(c)(3)Educational$14,000
Sarasota OrchestraSarasota, FL501(c)(3)Charitable$6,850
Planned ParenthoodSarasota, FL501(c)(3)Charitablecharitable$6,500
The Academy at GlengarySarasota, FL501(c)(3)Educational$6,500
Pines of Sarasota FoundationSarasota, FL501(c)(3)Charitable$6,100
Lutheran Counseling CenterMineola, NY501(c)(3)Religious$6,000
Wedu-tampaTampa, FL501(c)(3)Educational$5,770
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to the Glenridge on Palmer Ranch, Inc.$199,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 B, Line 11B

A copy of the 990 was provided to the board prior to filing

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

The conflict of interest policy is reviewed by the board annually and all new board members sign the policy. Board members are also reminded to identify any conflicts of interest as policy votes occur and those with conflicts do not vote.

Form 990, Part VI, Section C, Line 19

The organization provides documents upon request

Filing and Contact Details

Filer

Filer Name
The Glenridge Charitable Foundation Inc
EIN
81-2990180
Phone
9415525300
Address
8847 SAN JOSE BOULEVARD, JACKSONVILLE, FL 32217

Signing Officer

Name
Jonathan a Corbin
Title
CFO
Phone
9415525300
Signed
2024-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan a Corbin
Formed
2016
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Walters & Associates Cpas
Address
3277 FRUITVILLE ROAD BLDG E, SARASOTA, FL 34237
Preparer
Svetlana Mahorivskyy
Phone
9413664450
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The glenridge on palmer ranch, inc. Has adopted the provisions of fasb asc no. 740, "accounting for uncertainty in income taxes" ("asc 740"). Asc 740 requires that the impact of tax positions be recognized in the financial statements if they are more likely than not of being sustained upon examination, based on the technical merits of the position. The glenridge's income tax filings are subject to audit by various taxing authorities. The glenridge's open audit periods are 2020-2022.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01005748
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05374966
IRS990ScheduleA/TotalSupportAmt05381440
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0199770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO THE GLENRIDGE ON PALMER RANCH, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE GLENRIDGE ON PALMER RANCH, INC. HAS ADOPTED THE PROVISIONS OF FASB ASC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC 740"). ASC 740 REQUIRES THAT THE IMPACT OF TAX POSITIONS BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE GLENRIDGE'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE GLENRIDGE'S OPEN AUDIT PERIODS ARE 2020-2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0199770
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt043625
IRS990ScheduleI/RecipientTable/CashGrantAmt152118
IRS990ScheduleI/RecipientTable/CashGrantAmt236950
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/CashGrantAmt46500
IRS990ScheduleI/RecipientTable/CashGrantAmt524160
IRS990ScheduleI/RecipientTable/CashGrantAmt622000
IRS990ScheduleI/RecipientTable/CashGrantAmt76850
IRS990ScheduleI/RecipientTable/CashGrantAmt814000
IRS990ScheduleI/RecipientTable/CashGrantAmt96500
IRS990ScheduleI/RecipientTable/CashGrantAmt106100
IRS990ScheduleI/RecipientTable/CashGrantAmt115770
IRS990ScheduleI/RecipientTable/CashGrantAmt12543598
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RELIGIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3RELIGIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CHARITABLECHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5CHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6RELIGIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7CHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10CHARITABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12CHARITABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALL FAITHS FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHURCH OF THE PALMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2COMMUNITY FOUNDATION OF SARASOTA COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3LUTHERAN COUNSELING CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PLANNED PARENTHOOD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SALVATION ARMY OF SARASOTA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6SARASOTA BAPTIST CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SARASOTA ORCHESTRA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8EASTERSEALS SOUTHWEST FLORIDA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9THE ACADEMY AT GLENGARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10PINES OF SARASOTA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11WEDU-TAMPA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12THE GLENRIDGE ON PALMER RANCH
IRS990ScheduleI/RecipientTable/RecipientEIN0650115814
IRS990ScheduleI/RecipientTable/RecipientEIN1590995240
IRS990ScheduleI/RecipientTable/RecipientEIN2591956886
IRS990ScheduleI/RecipientTable/RecipientEIN3112976709
IRS990ScheduleI/RecipientTable/RecipientEIN4131644147
IRS990ScheduleI/RecipientTable/RecipientEIN5580660607
IRS990ScheduleI/RecipientTable/RecipientEIN6592433486
IRS990ScheduleI/RecipientTable/RecipientEIN7592603081
IRS990ScheduleI/RecipientTable/RecipientEIN8590638490
IRS990ScheduleI/RecipientTable/RecipientEIN9830608910
IRS990ScheduleI/RecipientTable/RecipientEIN10452803181
IRS990ScheduleI/RecipientTable/RecipientEIN11590840626
IRS990ScheduleI/RecipientTable/RecipientEIN12593472733
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08171 BLAIKIE COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13224 BEE RIDGE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22635 FRUITVILLE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3132 JEFFERSON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4736 CENTRAL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 2792
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt67091 PROCTOR ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7709 N TAMIAMI TRAIL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8350 BRADEN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt91910 GLENGARY STRET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt101501 NORTH ORANGE AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11PO BOX 31556
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt128847 SAN JOSE BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MINEOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm7SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm8SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm9SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm10SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm11TAMPA
IRS990ScheduleI/RecipientTable/USAddress/CityNm12JACKSONVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7FL

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