Pinellas Community Foundation FY2023 filing

Tax-deductible

Clearwater, FL501(c)(3)Since 1969Foundations & GrantmakersEIN 23-7113194

To improve the quality of life in our community by bringing together philanthropy and solutions to local issues.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
96%
of spending
Looks good: 96% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$245K
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $350K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$7.3M
liabilities
Looks good: debts are 5% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$13.9M
+70% vs prior year
Spent
$12.7M
To programs
96%
Net assets
$133.5M
By yearFY2020–FY2024
Revenue
$13.9M
FY2023▲ +70%
Revenue by fiscal year
FY2020$24.2M
FY2021$23.3M
FY2022$8.2M
FY2023$13.9M
FY2024$21.7M
Expenses
$12.7M
FY2023▲ +61%
Expenses by fiscal year
FY2020$20.7M
FY2021$18.9M
FY2022$7.8M
FY2023$12.7M
FY2024$17.8M
Net assets
$133.5M
FY2023▲ +13%
Net assets by fiscal year
FY2020$129.6M
FY2021$141.6M
FY2022$118.4M
FY2023$133.5M
FY2024$146.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPinellas Community Foundation
EINHdr · item D23-7113194
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1971
Year of formationHdr · item L1969
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CClearwater, FL
NTEE classificationIRS BMFFoundations & Grantmakers (T31Z)
WebsiteHdr · item Jpinellascf.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02 Fundraising $0.02
Program services96%$12.1M
Management & general2%$301K
Fundraising2%$253K
Total functional expensesLn 25$12.7M

Financial health

Is it on solid ground?

Program efficiency
96%
of spending reaches programs
Operating runway
130.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$140.8M
FY2023▲ +19%
Total assets by fiscal year
FY2020$135.2M
FY2021$142.9M
FY2022$118.7M
FY2023$140.8M
FY2024$154.6M
Total liabilities
$7.3M
FY2023▲ ×23
Total liabilities by fiscal year
FY2020$5.6M
FY2021$1.2M
FY2022$313K
FY2023$7.3M
FY2024$8.1M
Revenue less expensesPt I · Ln 19$1.3M
Total assetsPt X · Ln 16$140.8M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$7.0M
Total assetsLn 16$140.8M
Total liabilitiesLn 26$7.3M
Total net assetsLn 32$133.5M
Months of cash on handcomputed6.6

Statement of Revenue

Part VIII
Contributions & grants$9.1M · 66%
Investment income$4.8M · 34%
Contributions & grants66%$9.1M
Investment income34%$4.8M
Other revenue$20K
— government grantsLn 1e$4.8M
Total revenueLn 12$13.9M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $132.9M · Operating expenses (Pt IX) $12.7M · Less non-cash grants $456K · Cash operating expenses/yr $12.2M
130.8 months
Where the money goes
Program services
Program services $12.1M · Total expenses $12.7M
96%
Management & General
Management & general $301K · Total expenses $12.7M
2%
Fundraising
Fundraising $253K · Total expenses $12.7M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $303K · Solicited contributions (3-yr avg) $5.4M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9.1M · Total revenue $13.9M
66%
Government reliance
Government grants $4.8M · Total revenue $13.9M
34%
Earned-income share
Program service revenue $0 · Total revenue $13.9M
0%
Investment reliance
Investment income $4.8M · Total revenue $13.9M
+34%
Program self-sufficiency
Program service revenue $0 · Total expenses $12.7M
0%
Growth & trend
Revenue growth (YoY)
This year $13.9M · Prior year $8.2M
+70%
Net-asset trend (YoY)
End of year $133.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.9M · Expenses $12.7M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $140.8M
—
Net-asset ratio
Net assets $133.5M · Total assets $140.8M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $125.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $140.8M
89%
People & payroll
Highest Reported Total Compensation
Individual Duggan Cooley Cfre · Reported title CEO / SECRET · Highest reported compensation $245K · Total expenses $12.7M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $12.7M
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 2%——
Fundraising cost ratio 3%——
Revenue growth 70%——
Investment management fee ratio 0.4%——
Legal fee ratio 0.1%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO / Secret
$245,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Duggan Cooley Cfre’s $227K as CEO / Secret is at the 47th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Duggan Cooley Cfre$226,769$245,000$170,000$170,653$191,380

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pinellas Community Foundation executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Awards grants and partners with donors to support local charities addressing human services, education, environmental health, disaster recovery, and the arts in Pinellas County.

Provided by the organization

This section is blank until Pinellas Community Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $12.1M of program spending, described in the organization's own filed words · FY2023.
01

Pinellas community foundation (PCF) is dedicated to enhancing quality of life for all pinellas county residents by addressing critical community challenges in human services, environmental health, and education, while fostering a vibrant arts and culture sector.

$12.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$350K
Grants paid · 882 grants · $60.1M · 2020–2024
St Petersburg Free Clinic INCFL · FY2024$2,480,409
The Hypatia Collaborative LLCFY2024$791,570
Homeless Emergency Project INCFL · FY2024$411,053
Neighborly Care Network INCFL · FY2024$370,837
Schenectady County HistoricalNY · FY2024$333,332
Albany AcademyNY · FY2024$333,332
Friends of Strays INCFL · FY2024$284,481
Daystar Life Center INCFL · FY2024$259,663
New Visions of the Well INCFY2024$254,339
Florida Dream Center INCFL · FY2024$246,769
Micro Elementary SchoolFY2024$214,550
Feast INCFL · FY2024$209,900
See all 882 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $21.7M$17.8M+55% 990 PDF
FY2023 Viewing $13.9M$12.7M+70% 990 PDF
FY2022 $8.2M$7.8M-65% 990 PDF
FY2021 $23.3M$18.9M-4% 990 PDF
FY2020 $24.2M$20.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $12,650,994 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $10,048,251$10,048,251
IX-3 Grants and assistance to foreign recipientsPrograms $25,000$25,000
IX-5 Pay of current officers, directors and key staffPrograms $220,500 · Management $12,250 · Fundraising $12,250$245,000
IX-7 Other salaries and wagesPrograms $355,997 · Management $144,976 · Fundraising $127,507$628,480
IX-9 Other employee benefitsPrograms $42,620 · Management $11,624 · Fundraising $10,332$64,576
IX-10 Payroll taxesPrograms $41,124 · Management $11,216 · Fundraising $9,970$62,310
IX-11b Legal feesPrograms $12,102 · Management $2,904 · Fundraising $1,129$16,135
IX-11c Accounting feesPrograms $1,330 · Management $17,290 · Fundraising $380$19,000
IX-11f Investment management feesPrograms $600,210$600,210
IX-11g Other fees for servicesPrograms $558,299 · Management $63,373 · Fundraising $9,424$631,096
IX-14 Information technologyPrograms $36,942 · Management $9,637 · Fundraising $10,049$56,628
IX-16 OccupancyPrograms $65,223 · Management $17,788 · Fundraising $15,811$98,822
IX-17 TravelPrograms $5,996 · Management $1,635 · Fundraising $1,453$9,084
IX-19 Conferences, conventions and meetingsPrograms $8,097 · Management $1,785 · Fundraising $7,211$17,093
IX-23 InsurancePrograms $38,942 · Management $2,163 · Fundraising $2,163$43,268
IX-24 Other expenses (24a–d)Programs $28,807 · Management $2,577 · Fundraising $43,584$74,968
IX-24e All other expensesPrograms $7,237 · Management $2,053 · Fundraising $1,783$11,073
IX-25 Total functional expensesPrograms $12,096,677 · Management $301,271 · Fundraising $253,046$12,650,994

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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