Sun Coast Osteopathic Foundation FY2021 filing

Largo, FLUnknown exempt organizationEIN 59-2490651Revenue $89K in FY2021

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.

78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
+10% vs prior year
Spent
$135K
To programs
78%
Net assets
$1.3M
By yearFY2020–FY2023
Revenue
$89K
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$89K
FY2022$69K
FY2023$150K
Expenses
$135K
FY2021▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$135K
FY2022$135K
FY2023$934K
Net assets
$1.3M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$932K
FY2023$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 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

78 cents of each dollar spent went to programs.

Program services 78% · $105K Management & general 18% · $24K Fundraising 4% · $6K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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 · $105K · in their own filed words · FY2020
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…

$105Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$89K
Ln 12
Investment incomeLn 3$72K
Gifts and grantsLn 1h$17K
Money outPt IX
$135K
Ln 25
Programscol B$105K
Managementcol C$24K
Fundraisingcol D$6K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Investment incomeLn 3$72K
Total revenueLn 12$89K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1K
Net assetsLn 32$1.3M
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 FY21End FY21
Cash and savingsLn 1–2$27K$35K
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$7K$6K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$15K$1K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$42K$42K
Other salaries and wagesLn 7$63K$51K$8K$4K
Other employee benefitsLn 9$3K$2K$300$334
Payroll taxesLn 10$5K$3K$1K$329
Accounting feesLn 11c$1K$1K
Office expensesLn 13$63$9$54
OccupancyLn 16$4K$3K$552$203
Depreciation, depletion and amortizationLn 22$724$362$217$145
InsuranceLn 23$2K$1K$837
Other expenses (24a–d)Ln 24$14K$2K$11K$824
All other expensesLn 24e$491$98$358$35
Total functional expensesLn 25$135K$105K$24K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $150K$934K−$785K$0 990 PDF
FY2022 $69K$135K−$66K$932K 990 PDF
FY2021 Viewing $89K$135K−$46K$1.3M 990 PDF
FY2020 $81K$95K−$14K$1.1M 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
See the full FY2021 990 (6 parts)
Part I · Summary $88,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,526$17,080
I-9 Program service revenue$0
I-10 Investment incomePrior year $66,307$71,827
I-11 Other revenue$0
I-12 Total revenuePrior year $80,833$88,907
I-13 Grants and similar amounts paid$42,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $68,744$70,353
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $26,493$22,152
I-18 Total expensesPrior year $95,237$135,005
I-19 Revenue less expensesPrior year −$14,404−$46,098
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $88,907 across 4 lines filed
VIII-1f All other contributions, gifts and grants$17,080
VIII-1h Total contributions, gifts and grants$17,080
VIII-3 Investment incomeExcluded from tax $71,827$71,827
VIII-12 Total revenueExcluded from tax $71,827$88,907
Part IX · Statement of functional expenses $135,005 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $42,500$42,500
IX-7 Other salaries and wagesPrograms $50,870 · Management $8,015 · Fundraising $4,115$63,000
IX-9 Other employee benefitsPrograms $1,900 · Management $300 · Fundraising $334$2,534
IX-10 Payroll taxesPrograms $3,190 · Management $1,300 · Fundraising $329$4,819
IX-11c Accounting feesManagement $1,100$1,100
IX-13 Office expensesPrograms $9 · Management $54$63
IX-16 OccupancyPrograms $3,157 · Management $552 · Fundraising $203$3,912
IX-22 Depreciation, depletion and amortizationPrograms $362 · Management $217 · Fundraising $145$724
IX-23 InsurancePrograms $1,001 · Management $837$1,838
IX-24 Other expenses (24a–d)Programs $1,966 · Management $11,234 · Fundraising $824$14,024
IX-24e All other expensesPrograms $98 · Management $358 · Fundraising $35$491
IX-25 Total functional expensesPrograms $105,053 · Management $23,967 · Fundraising $5,985$135,005
Part X · Balance sheet $1,281,898 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $26,780$34,757
X-3 Pledges and grants receivableStart of year $2,500$500
X-9 Prepaid expenses and deferred chargesStart of year $449$308
X-10c Land, buildings and equipment, netStart of year $6,972$6,247
X-11 Publicly traded securitiesStart of year $1,114,656$1,240,086
X-16 Total assetsStart of year $1,151,357$1,281,898
X-25 Other liabilities$1,446
X-26 Total liabilitiesStart of year $15,131$1,446
X-27 Net assets without donor restrictionsStart of year $590,161$776,887
X-28 Net assets with donor restrictionsStart of year $546,065$503,565
X-32 Total net assets or fund balancesStart of year $1,136,226$1,280,452
X-33 Total liabilities and net assetsStart of year $1,151,357$1,281,898
Part XI · Reconciliation of net assets $1,280,452 net assets at year end
XI-1 Total revenue$88,907
XI-2 Total expenses$135,005
XI-3 Revenue less expenses−$46,098
XI-4 Net assets at start of year$1,136,226
XI-9 Other changes in net assets$190,324
XI-10 Net assets at end of year$1,280,452

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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