GULF COAST COMMUNITY FOUNDATION INC

EIN: 591052433 501(c)(3) Philanthropy & Grantmaking

VENICE, FL

Total Revenue
$73,452,871
Total Expenses
$60,228,547
Total Assets
$533,708,797
Net Assets
$500,636,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
FL
Principal Officer
PHILLIP P LANHAM
Phone
9414864600
Tax Period
2024-07-01 to 2025-06-30

GULF COAST COMMUNITY FOUNDATION INC, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $73.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.2M, a strong 18% operating margin.

Mission

TOGETHER WITH OUR DONORS, WE TRANSFORM OUR REGION THROUGH BOLD AND PROACTIVE PHILANTHROPY.

Program Service Accomplishments

Program 1
Expenses: $49,533,558 Revenue: $4,541,256

TOGETHER WITH OUR DONORS, GULF COAST COMMUNITY FOUNDATION, INC. (GULF COAST) AND ITS SUPPORTING ORGANIZATIONS, THE VENICE ENDOWMENT, INC. AND GULF COAST STRATEGIC INVESTMENTS, INC, TRANSFORM OUR...

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TOGETHER WITH OUR DONORS, GULF COAST COMMUNITY FOUNDATION, INC. (GULF COAST) AND ITS SUPPORTING ORGANIZATIONS, THE VENICE ENDOWMENT, INC. AND GULF COAST STRATEGIC INVESTMENTS, INC, TRANSFORM OUR REGION THROUGH BOLD AND PROACTIVE PHILANTHROPY. GULF COAST IS A PUBLIC CHARITY THAT WAS CREATED IN 1995 WITH PROCEEDS FROM THE SALE OF THE VENICE HOSPITAL. SINCE THEN, THE FOUNDATION HAS GROWN TO INCLUDE MORE THAN 850 GENEROUS DONOR PARTNERSHIPS AND INVESTED MORE THAN $612 MILLION IN GRANTS AND INITIATIVES IN THE AREAS OF HEALTH AND HUMAN SERVICES, CIVIC AND ECONOMIC DEVELOPMENT, EDUCATION, ARTS AND CULTURE, AND THE ENVIRONMENT.(CONTINUED ON SCHEDULE O)INSPIRING PHILANTHROPYAT GULF COAST, OUR MISSION BEGINS TOGETHER WITH OUR DONORS. THEIR GIFTS HELP POWER THE ACTIONS WE TAKE EVERY DAY TO TRANSFORM OUR REGION. OUR GULF COAST FAMILY OF DONORS INCLUDES INDIVIDUALS, FAMILIES, CORPORATIONS, ORGANIZATIONS, AND OTHER FOUNDATIONS. GULF COAST WORKS IN THOUGHTFUL COORDINATION WITH DONORS AND THEIR LEGAL, FINANCIAL, AND TAX ADVISORS TO CREATE CUSTOM PHILANTHROPIC ACTION PLANS AND STEWARD THEIR GIFTS TO MEET THEIR WISHES. WHETHER IT'S A DONOR ADVISED FUND TO SUPPORT THEIR FAVORITE CHARITIES OR A PLANNED ESTATE GIFT THAT WILL CREATE A PERMANENT CHARITABLE ENDOWMENT IN THEIR NAME, GULF COAST LISTENS TO WHAT EACH DONOR ENVISIONS FOR THEIR GIVING AND THEN HELPS TURN THEIR VISION INTO REALITY. GULF COAST ALSO OFFERS DONORS INTELLIGENCE ON EMERGING COMMUNITY ISSUES AND ASSISTANCE FROM OUR PROFESSIONAL STAFF IN IDENTIFYING CHARITABLE PROJECTS MOST COMPATIBLE WITH THEIR INTERESTS. BY ENGAGING DONORS IN GULF COAST'S REGIONAL INITIATIVES, THE FOUNDATION CAN HELP THEM HAVE A MUCH GREATER PHILANTHROPIC IMPACT IN THE COMMUNITY THAN THEY MIGHT HAVE HAD ON THEIR OWN. IMPACT IN OUR REGIONIN OUR ROLE AS A REGIONAL LEADER, GULF COAST IDENTIFIES PRIORITY ISSUES THROUGH QUANTITATIVE AND QUALITATIVE RESEARCH, THEN CREATES AND FUNDS CATALYTIC COMMUNITY INITIATIVES THAT TARGET THOSE PRIORITIES. THESE INITIATIVES TYPICALLY INVOLVE CROSS-SECTOR COLLABORATION AND AIM TO LEVERAGE ADDITIONAL PHILANTHROPIC FUNDING FROM WITHIN AND BEYOND OUR REGION.PRIORITY ISSUES IDENTIFIED THROUGH THIS RESEARCH INCLUDE AFFORDABLE HOUSING, WATER QUALITY AND ACCESS TO GREEN SPACES, AND MENTAL HEALTH. GULF COAST ALSO PROVIDES SUPPORT IN THE AREAS OF ARTS AND CULTURE, CIVIC AND ECONOMIC DEVELOPMENT, DISASTER RECOVERY, EDUCATION, ENVIRONMENT, AND HEALTH AND HUMAN SERVICES. ADDITIONALLY, GULF COAST FUNDS A VARIETY OF GRANTS TO SUPPORT THE WORK OF NONPROFIT ORGANIZATIONS IN THE REGION. OUR GRANT PROGRAMS INCLUDE CATALYTIC GRANTS, WHICH FUND COLLABORATIVE PROJECTS AND PROGRAMS THAT TARGET REGIONAL PRIORITIES IN MEASURABLE WAYS; COMMUNITY GRANTS, WHICH FUND SMALLER PROJECTS AT REGIONAL NONPROFIT ORGANIZATIONS THAT CAN HAVE SIGNIFICANT IMPACT IN THE COMMUNITY INCLUDING WORK DESIGNED TO RAISE FUNDS AND AWARENESS OF THEIR MISSION; AND EMPOWERING ARTS GRANTS, WHICH PROVIDE UNRESTRICTED FUNDING TO CORNERSTONE ARTS AND CULTURAL ORGANIZATIONS IN THE REGION TO HELP THEM MEET THEIR ARTISTIC MISSIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,194,210
Program Service Revenue $4,541,256
Investment Income $23,843,024
Other Revenue $-125,619
TOTAL REVENUE $73,452,871

Expense Breakdown

Grants Paid $46,699,484
Salaries & Benefits $4,064,839
Fundraising Expenses $1,724,021
Program Expenses $49,533,558
Other Expenses $9,464,224
TOTAL EXPENSES $60,228,547

Year-over-Year Comparison

2024 2023 Change
Revenue $73,452,871 $54,435,281 +0.3%
Expenses $60,228,547 $55,630,111 +0.1%
Net Income $13,224,324 $-1,194,830 -12.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
31
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,481,209
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SESSIONS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ANAND PALLEGAR BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANNE ESSNER DIRECTOR 1.00
Director
$0 $0 $0
PING FAULHABER DIRECTOR 1.00
Director
$0 $0 $0
ROSE-ANNE FRANO DIRECTOR 1.00
Director
$0 $0 $0
JOHN GIGLIO DIRECTOR 1.00
Director
$0 $0 $0
DAVID GREEN DIRECTOR 1.00
Director
$0 $0 $0
ROD HERSHBERGER DIRECTOR 1.00
Director
$0 $0 $0
KEITH JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DEB KABINOFF DIRECTOR (AS OF 4/25) 1.00
Director
$0 $0 $0
TRACY KNIGHT DIRECTOR (THRU 11/24) 1.00
Director
$0 $0 $0
FRANK MARTUCCI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH MOORE DIRECTOR (AS OF 4/25) 1.00
Director
$0 $0 $0
DR GAIL MORRISON MORGANROTH DIRECTOR (AS OF 4/25) 1.00
Director
$0 $0 $0
PETE PETERSEN DIRECTOR 1.00
Director
$0 $0 $0
PETER SODERBERG DIRECTOR 1.00
Director
$0 $0 $0
SUSAN SOFIA DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP P LANHAM PRESIDENT/CEO 50.00
Officer
$400,273 $49,184 $449,457
ERIN MINOR VP, COMM. LEADERSHIP (3/25) 50.00
Officer
$0 $0 $0
CAROL MARTIN BROWN TREASURER/CFO (AS OF 8/24) 50.00
Officer
$89,318 $9,903 $99,221
JOSEPH W CARTER VP OF PHILANTHROPY (AS OF 7/24) 50.00
Officer
$112,751 $7,312 $120,063
KRISTIN A PRINCE SECRETARY 50.00
Officer
$77,635 $29,390 $107,025
KELLY D CARLSTEIN VP OF BRAND STRATEGY 50.00
Officer
$161,675 $5,874 $167,549
CHRISTINE S STOBAUGH TREASURER/CFO (THRU 8/24) 50.00
Officer
$201,384 $42,648 $244,032
JON THAXTON VP OF COMMUNITY LEADERSHIP 50.00
Officer
$258,816 $35,046 $293,862
JENNIFER JOHNSTON DIR OF COMMUNITY LEADERSHIP 50.00
Highest
$126,360 $14,426 $140,786
MARTHA GOODWILL CONTROLLER 50.00
Highest
$133,519 $14,347 $147,866
SASHA PYATTE PHIL. ADVISOR, FMR. INTERIM VP 50.00
Highest
$146,151 $28,289 $174,440
KAMERON HODGENS DIR OF COMMUNITY LEADERSHIP 50.00
Highest
$132,453 $28,047 $160,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $73,452,871 $60,228,547 $533,708,797 $13,224,324
2024 $54,435,281 $55,630,111 $482,820,352 $-1,194,830
2023 $51,082,837 $50,505,292 $443,953,807 $577,545
2022 $79,396,677 $50,084,573 $411,069,499 $29,312,104
2021 $114,694,883 $55,749,618 $441,098,319 $58,945,265
2020 $69,155,332 $70,647,707 $357,112,248 $-1,492,375
2019 $73,136,498 $47,174,587 $370,001,451 $25,961,911
2018 $72,147,500 $45,288,282 $337,722,257 $26,859,218
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