Treasurer's Report - December 31, 2016
The financial condition of the Foundation remains strong. A complete financial report is available in the Foundation office.
Balance Sheet as of December 31, 2016 2015
ASSETS
Cash & Accounts Receivable $104,223 $ 99,127
Honor/Memorial Fund 8,386 8,036
Prepaid Expenses 1,318
*Endowment Fund 612,797 __594,189
Total Assets $726,724 $701,352
LIABILITIES AND CAPITAL
Liabilities
Payroll Taxes Payable $ 1,892 $ 1,598
Deferred Revenue 50,852 24,410
Total Liabilities 52,744 26,008
Capital
Balance Beginning of Year 675,344 742,816
Grants Distributed (139,135) (110,584)
Net Income for the year ended December 31, 137,771 43,112
Total Capital 673,980 675,344
Total Capital and Liabilities $726,724 $701,352
Summary of Operations
Twelve Months Ended December 31, 2016 2015
Gross Fund-Raising Revenues $193,196 $201,327
Less Direct Costs of Events 90,558 __98,756
Net Fund Raising Income 102,608 102,571
Other Revenues and Contributions
Membership Contributions 64,062 32,535
Endowment Contributions 275 175
Honor/Memorial Fund Donations 7,180 8,305
Endowment Fund Gains (Losses) 34,832 (28,479)
Interest and Dividends 7,974 7,426
Total Net Revenues 216,931 122,533
Expenditures
Salaries, Benefits & Services 64,591 66,082
Supplies, Printing and Mailings 9,064 8,669
Office Rent to PG&CC 1,200 1,200
Insurance, Licenses & Permits 4,305 3,470
Total Expenditures 79,160 79,421
NET INCOME $137,771 $ 43,112
*Endowment Fund Summary
Fund Balance - Beginning of Year $594,189 $615,074
Contributions 100 175
Net Investment Income 7,968 7,419
Grants (24,292)
Net Realized & Unrealized Gains (Losses) 34,832 (28,479)
Fund Balance End of Year $612,797 $594,189
Impact Grant
2017
The 2017 Impact Grant awarded to Habitat for Humanity South Sarasota County is presented to Aimee Holmes, Chief Develpment Officer.
The Foundation has generously partnered with Habitat to lauch a new home revitalization program, A Brush with Kindness. The award of $16,000, along with paint donated by Sherwin Williams, will be used to paint one home per month for a qualified homeowner. This is a one-year program that will benefit income-qualified homewoners in need. It is Habitat's intent to help South Sarasota's most vulnerable population revitalize their homes with pride and dignity.
2016
The Englewood Community Care Clinic, Inc. dedicated the beginning of its compact new laboratory to the Plantation Community Foundation. Members of the Foundation's Impact Grant Committee, Foundation Board Members, Clinic volunteers and the Executive Director attended a ribbon cutting ceremony. The Clinic plans to add equipment to its lab with the remaining $12,000 in funds from the grant.
Members of Plantation Community Foundation celebrate, with volunteers and the Executive Director of the Englewood Community Care Clinic, Inc., the Community "Impact Grant" which is funding a complete new laboratory.
2014-2015
Partnership
Plantation Community Foundation's partnership with Gulf Coast Community Foundation provided funding for two new STEMsmart (Science, Technology, Engineering and Mathematics) classrooms in Venice Middle School.
STEMsmart Classroom Dedication
Our Foundation Board at the opening of the first Foundation-supported STEMsmart classroom at Venice Middle School.
Inside the Classroom
After dedication the classroom is in use by students and teachers.
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