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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