Sun Coast Osteopathic Foundation FY2020 filing

Largo, FLUnknown exempt organization EIN 59-2490651Revenue $81K in FY2020

On file with the IRSsuncoastosteopathic.org2101 Indian Rocks Road S · Largo, FL

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The mission of the Sun Coast Osteopathic Foundation is to advance medical education, research and patient care in the field of Osteopathic medicine. This mission is carried out through educational scholarships, grants supporting research, community grants to area nonprofit organizations that support the health of our community and community outreach/education events.

74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $228K a year · 234% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81K
Spent
$95K
To programs
74%
Net assets
$1.1M
By yearFY2020–FY2023
Revenue
$81K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$89K
FY2022$69K
FY2023$150K
Expenses
$95K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$135K
FY2022$135K
FY2023$934K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$932K
FY2023$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $70K Management & general 19% · $18K Fundraising 7% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Sun Coast Osteopathic Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports osteopathic medical education, research, and patient care through scholarships and grants.

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Provided by the organization

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1 program · $70K · in their own filed words · FY2019
01

The mission of the sun coast osteopathic foundation is to advance medical education, research and patient care in the field of osteopathic medicine. This mission is carried out through educational scholarships, grants supporting research, community grants to area nonprofit organizations that support the health of our community and…

$70Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 29 grants · $935K · 2020–2022
SchepiFY2022$100,000
Clearwater Free Clinic INCFL · FY2022$92,165
Community Dental ClinicFY2022$60,000
Disability Achievement CenterFY2022$52,500
Individual RecipientFY2022$50,000
Lighthouse of Pinellas INCFL · FY2022$50,000
Ready for Life INCFL · FY2022$50,000
The Arc Tampa Bay INCFL · FY2022$40,000
Ronald McDonald House of Tampa BayFY2022$40,000
Oral Cancer Cause INCFL · FY2022$40,000
Ruth's Promise Adult Day ProgramFY2022$35,000
Individual RecipientFY2022$25,000
Individual RecipientFY2022$25,000
Remember the One INCGA · FY2022$25,000
Daystar Life Center INCFL · FY2022$25,000
See all 29 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$81K
Ln 12
Investment incomeLn 3$66K
Gifts and grantsLn 1h$15K
Money outPt IX
$95K
Ln 25
Programscol B$70K
Managementcol C$18K
Fundraisingcol D$7K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$1.2M
LiabilitiesLn 26$15K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$66K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$1.2M
LiabilitiesLn 26$15K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13K$27K
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$8K$7K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$0$15K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$49K$5K$5K
Other employee benefitsLn 9$6K$5K$492$492
Payroll taxesLn 10$4K$4K$356$356
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$2K$2K$15
Office expensesLn 13$835$761$72$2
OccupancyLn 16$4K$3K$410$410
TravelLn 17$45$30$15
Conferences, conventions and meetingsLn 19$730$565$165
Depreciation, depletion and amortizationLn 22$766$383$229$154
InsuranceLn 23$2K$1K$536
Other expenses (24a–d)Ln 24$14K$4K$10K$541
All other expensesLn 24e$839$595$244
Total functional expensesLn 25$95K$70K$18K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $150K$934K−$785K$0 990 PDF
FY2022 $69K$135K−$66K$932K 990 PDF
FY2021 $89K$135K−$46K$1.3M 990 PDF
FY2020 Viewing $81K$95K−$14K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $80,833 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,151$14,526
I-9 Program service revenue$0
I-10 Investment incomePrior year $42,211$66,307
I-11 Other revenue$0
I-12 Total revenuePrior year $71,362$80,833
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $73,829$68,744
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $35,292$26,493
I-18 Total expensesPrior year $129,121$95,237
I-19 Revenue less expensesPrior year −$57,759−$14,404
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $80,833 across 4 lines filed
VIII-1f All other contributions, gifts and grants$14,526
VIII-1h Total contributions, gifts and grants$14,526
VIII-3 Investment incomeRelated to mission $23,860 · Excluded from tax $42,447$66,307
VIII-12 Total revenueRelated to mission $23,860 · Excluded from tax $42,447$80,833
Part IX · Statement of functional expenses $95,237 across 13 lines filed
IX-7 Other salaries and wagesPrograms $48,850 · Management $4,652 · Fundraising $4,652$58,154
IX-9 Other employee benefitsPrograms $5,157 · Management $492 · Fundraising $492$6,141
IX-10 Payroll taxesPrograms $3,737 · Management $356 · Fundraising $356$4,449
IX-11c Accounting feesManagement $1,150$1,150
IX-12 Advertising and promotionPrograms $2,419 · Fundraising $15$2,434
IX-13 Office expensesPrograms $761 · Management $72 · Fundraising $2$835
IX-16 OccupancyPrograms $3,171 · Management $410 · Fundraising $410$3,991
IX-17 TravelPrograms $30 · Fundraising $15$45
IX-19 Conferences, conventions and meetingsPrograms $565 · Fundraising $165$730
IX-22 Depreciation, depletion and amortizationPrograms $383 · Management $229 · Fundraising $154$766
IX-23 InsurancePrograms $1,000 · Management $536$1,536
IX-24 Other expenses (24a–d)Programs $3,560 · Management $10,066 · Fundraising $541$14,167
IX-24e All other expensesPrograms $595 · Management $244$839
IX-25 Total functional expensesPrograms $70,228 · Management $18,207 · Fundraising $6,802$95,237
Part X · Balance sheet $1,151,356 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $13,410$26,780
X-3 Pledges and grants receivable$2,500
X-9 Prepaid expenses and deferred chargesStart of year $513$449
X-10c Land, buildings and equipment, netStart of year $7,738$6,971
X-11 Publicly traded securitiesStart of year $1,068,813$1,114,656
X-16 Total assetsStart of year $1,090,474$1,151,356
X-24 Unsecured notes and loans payable$15,130
X-26 Total liabilitiesStart of year $0$15,130
X-27 Net assets without donor restrictionsStart of year $544,409$590,161
X-28 Net assets with donor restrictionsStart of year $546,065$546,065
X-32 Total net assets or fund balancesStart of year $1,090,474$1,136,226
X-33 Total liabilities and net assetsStart of year $1,090,474$1,151,356
Part XI · Reconciliation of net assets $1,136,226 net assets at year end
XI-1 Total revenue$80,833
XI-2 Total expenses$95,237
XI-3 Revenue less expenses−$14,404
XI-4 Net assets at start of year$1,090,474
XI-9 Other changes in net assets$60,156
XI-10 Net assets at end of year$1,136,226

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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