MANATEE COMMUNITY FOUNDATION INC

EIN: 650833500 501(c)(3) Philanthropy & Grantmaking

BRADENTON, FL

Total Revenue
$10,235,365
Total Expenses
$7,088,291
Total Assets
$69,118,344
Net Assets
$51,019,969
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
VERONICA THAMES
Phone
9417477765
Tax Period
2024-07-01 to 2025-06-30

MANATEE COMMUNITY FOUNDATION INC, founded in 1998, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 31% operating margin.

Mission

MANATEE COMMUNITY FOUNDATION PARTNERS WITH OUR CITIZENS TO STRENGTHEN AND ENHANCE OUR COMMUNITY THROUGH PHILANTHROPY, EDUCATION, AND SERVICE-NOW AND FOREVER.

Program Service Accomplishments

Program 1
Expenses: $5,609,666 Revenue: $571,124

GRANTS: MANATEE COMMUNITY FOUNDATION AWARDED 328 GRANTS TOTALING $4,872,812 TO 130 NONPROFIT ORGANIZATIONS BASED ON PHILANTHROPIC ASPIRATIONS OF DONORS THAT ENTRUST THE FOUNDATION WITH THEIR...

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GRANTS: MANATEE COMMUNITY FOUNDATION AWARDED 328 GRANTS TOTALING $4,872,812 TO 130 NONPROFIT ORGANIZATIONS BASED ON PHILANTHROPIC ASPIRATIONS OF DONORS THAT ENTRUST THE FOUNDATION WITH THEIR CHARITABLE GIVING. THESE GRANTS WERE AWARDED TO ORGANIZATIONS WITH MISSIONS FOCUSED ON THE ARTS, EDUCATION, HEALTH, HUMAN SERVICES, CIVIC ENGAGEMENT, YOUTH DEVELOPMENT, ANIMAL WELFARE AND THE ENVIRONMENT FOR OPERATIONS, CAPITAL NEEDS, AND PROGRAMS/SERVICES. SCHOLARSHIPS: MANATEE COMMUNITY FOUNDATION AWARDED 14 SCHOLARSHIPS TOTALING $21,362 FROM SCHOLARSHIP FUNDS TO NEW AND RETURNING COLLEGE STUDENTS, INCLUDING GRADUATING HIGH SCHOOL STUDENTS ATTENDING A COMMUNITY COLLEGE OR 4-YEAR UNIVERSITY, STUDENTS ATTENDING GRADUATE SCHOOL, AND LEARNERS RETURNING TO SCHOOL TO PURSUE A VOCATIONAL OR TECHNICAL CERTIFICATION.NONPROFIT EDUCATION AND COMMUNITY ENGAGEMENT: OVER THE LAST FISCAL YEAR, MANATEE COMMUNITY FOUNDATION FACILITATED COMMUNITY CONVERSATIONS AND FORUMS TO LEARN FROM THE LIVED EXPERIENCES OF PARTICIPANTS AND TO SHARE KNOWLEDGE ABOUT PRESSING ISSUES; FACILITATED TRAININGS TO SUPPORT NONPROFIT GROWTH AND SUSTAINABILITY; AND CONNECTED RESIDENTS AND DONORS TO CAUSES THEY WISH TO INVEST IN. EXAMPLES OF THIS WORK INCLUDE ADVANCING ENGAGEMENT IN GRADE-LEVEL READING SUCCESS, CONNECTING PARTNERS IN CHILD WELFARE SYSTEMS, AND HELPING ORGANIZATIONS DISTRIBUTE EMERGENCY RENTAL ASSISTANCE.

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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 $5,632,104
Program Service Revenue $571,124
Investment Income $4,065,727
Other Revenue $-33,590
TOTAL REVENUE $10,235,365

Expense Breakdown

Grants Paid $4,894,174
Salaries & Benefits $852,251
Fundraising Expenses $751,529
Program Expenses $5,609,666
Other Expenses $1,341,866
TOTAL EXPENSES $7,088,291

Year-over-Year Comparison

2024 2023 Change
Revenue $10,235,365 $8,689,100 +0.2%
Expenses $7,088,291 $11,138,055 -0.4%
Net Income $3,147,074 $-2,448,955 -2.3%
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
15
Independent Members
15
Employees
8
Volunteers
30

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
7
$463,221
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM BREITER DIRECTOR 1.00
Director
$0 $0 $0
DOUG ELMORE DIRECTOR 1.00
Director
$0 $0 $0
DEBRA ESTES DIRECTOR 1.00
Director
$0 $0 $0
NURISHA HARVEY DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HORNE DIRECTOR 1.00
Director
$0 $0 $0
MIKE MOSCHELLA DIRECTOR 1.00
Director
$0 $0 $0
MONACA ONSTAD DIRECTOR 1.00
Director
$0 $0 $0
DR JAN PULLEN DIRECTOR 1.00
Director
$0 $0 $0
JENIFER SCHEMBRI DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN TRUONG DIRECTOR 1.00
Director
$0 $0 $0
SUSIE WALTERS DIRECTOR 1.00
Director
$0 $0 $0
BOB TURNER CHAIR 1.00
Officer Director
$0 $0 $0
DANIELLE SHERRILL VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE ROSKAMP SECRETARY 1.00
Officer Director
$0 $0 $0
GARRETT SHINN TREASURER 1.00
Officer Director
$0 $0 $0
VERONICA THAMES CHIEF EXECUTIVE OFFICER 40.00
Officer
$187,625 $6,956 $194,581
ERIN JONES CFO 1.00
Officer
$0 $33,325 $268,640
JACOB KINSEL DIR. FINANCE & OPERATIONS - APR 2025 40.00
Officer
$0 $0 $0
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 $10,235,365 $7,088,291 $69,118,344 $3,147,074
2024 $8,689,100 $11,138,055 $62,863,473 $-2,448,955
2023 $6,929,741 $7,929,900 $60,485,512 $-1,000,159
2022 $10,792,058 $8,035,291 $57,782,445 $2,756,767
2021 $13,130,439 $7,336,468 $65,364,400 $5,793,971
2020 $8,679,667 $7,179,232 $51,383,604 $1,500,435
2019 $8,096,781 $5,650,624 $50,032,428 $2,446,157
2018 $14,811,628 $5,119,822 $46,360,216 $9,691,806
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