Manatee Community Foundation INC

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Manatee Community Foundation partners with our citizens to strengthen and enhance our Community through philanthropy, education, and service-now and forever. We DO this through the creation and stewardship of charitable funds, charitable legacy planning, education for nonprofits and philanthropic investors, and engaging our Community around important issues such as foster care, education, and civic engagement.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 30 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.6M a year · 17% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$188K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $696K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$18.1M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
+18% vs prior year
Spent
$7.1M
To programs
79%
Net assets
$51.0M
By yearFY2020–FY2025
Revenue
$10.2M
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.7M
FY2021$13.1M
FY2022$10.8M
FY2023$6.9M
FY2024$8.7M
FY2025$10.2M
Expenses
$7.1M
FY2025▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.2M
FY2021$7.3M
FY2022$8.0M
FY2023$7.9M
FY2024$11.1M
FY2025$7.1M
Net assets
$51.0M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$39.6M
FY2021$50.5M
FY2022$44.9M
FY2023$47.0M
FY2024$47.1M
FY2025$51.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $5.6M Management & general 10% · $727K Fundraising 11% · $752K

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

18 people listed on the 990; $188K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$187,625Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Veronica Thames’s $188K as Chief Executive Officer is at the 28th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Veronica Thames$187,625$66,904————
Susan Bowie——$145,002$131,962$131,729$121,721
Jennifer Abbott—$125,035$82,396———

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 Manatee Community Foundation INC 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

Partners with local citizens to strengthen the community by managing charitable funds, awarding grants and scholarships, and supporting nonprofits through education and civic engagement.

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Provided by the organization

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1 program · $5.6M · in their own filed words · FY2024
01

Grants

Manatee community foundation awarded 328 grants totaling $4,872,812 to 130 nonprofit organizations based on philanthropic aspirations of donors that entrust the foundation with their charitable giving.

$5.6Mprogram expense

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 · FY2024
See all 18 funders →
Grants paid · 881 grants · $37.3M · 2019–2024
Mote Marine Laboratory INCFL · FY2024$186,323
The Library Foundation INCFL · FY2024$160,380
Florida Cultural Group INCFL · FY2024$111,654
United Way Suncoast INCFL · FY2024$81,640
Realize Bradenton INCFL · FY2024$60,800
Manatee County GovernmentFY2024$57,500
See all 881 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$4.1M
Fees for servicesLn 2g$571K
Money outPt IX
$7.1M
Ln 25
Programscol B$5.6M
Managementcol C$727K
Fundraisingcol D$752K
Owns and owesPt X
$51.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$69.1M
LiabilitiesLn 26$18.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Noncash giftsLn 1g$701K
Fundraising eventsLn 1c$43K
Fees for servicesLn 2g$571K
Investment incomeLn 3$4.1M
Gains on assetsLn 7$2.2M
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$64.1M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$832K
Total assetsLn 16$69.1M
LiabilitiesLn 26$18.1M
Net assetsLn 32$51.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 630
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$2.9M$2.9M
InvestmentsLn 11–13$57.3M$64.1M
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$62.9M$69.1M
LiabilitiesLn 26$15.8M$18.1M
Net assetsLn 32$47.1M$51.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.9M$4.9M
Grants to domestic individualsLn 2$22K$22K
Pay of current officers, directors and key staffLn 5$254K$25K$203K$25K
Other salaries and wagesLn 7$442K$156K$55K$231K
Pension plan contributionsLn 8$16K$6K$16$10K
Other employee benefitsLn 9$89K$24K$32K$33K
Payroll taxesLn 10$51K$14K$19K$19K
Accounting feesLn 11c$628$166$227$235
Investment management feesLn 11f$53K$14K$19K$20K
Other fees for servicesLn 11g$667K$176K$241K$249K
Advertising and promotionLn 12$130K$34K$47K$49K
Office expensesLn 13$55K$15K$20K$21K
Information technologyLn 14$74K$19K$27K$28K
OccupancyLn 16$19K$5K$7K$7K
Conferences, conventions and meetingsLn 19$34K$9K$12K$13K
Depreciation, depletion and amortizationLn 22$38K$10K$14K$14K
InsuranceLn 23$30K$8K$11K$11K
Other expenses (24a–d)Ln 24$241K$199K$21K$22K
Total functional expensesLn 25$7.1M$5.6M$727K$752K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.2M$7.1M$3.1M$51.0M 990 PDF
FY2024 $8.7M$11.1M−$2.4M$47.1M 990 PDF
FY2023 $6.9M$7.9M−$1.0M$47.0M 990 PDF
FY2022 $10.8M$8.0M$2.8M$44.9M 990 PDF
FY2021 $13.1M$7.3M$5.8M$50.5M 990 PDF
FY2020 $8.7M$7.2M$1.5M$39.6M 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 FY2025 990 (6 parts)
Part I · Summary $10,235,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,987,253$5,632,104
I-9 Program service revenuePrior year $526,026$571,124
I-10 Investment incomePrior year $2,224,224$4,065,727
I-11 Other revenuePrior year −$48,403−$33,590
I-12 Total revenuePrior year $8,689,100$10,235,365
I-13 Grants and similar amounts paidPrior year $9,438,420$4,894,174
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $594,295$852,251
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,105,340$1,341,866
I-18 Total expensesPrior year $11,138,055$7,088,291
I-19 Revenue less expensesPrior year −$2,448,955$3,147,074
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $10,235,365 across 10 lines filed
VIII-1c Fundraising events$43,166
VIII-1d Related organizations$5,856
VIII-1f All other contributions, gifts and grants$5,583,082
VIII-1g Noncash contributions (included above)$700,633
VIII-1h Total contributions, gifts and grants$5,632,104
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $571,124$571,124
VIII-3 Investment incomeExcluded from tax $1,894,874$1,894,874
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,170,853$2,170,853
VIII-8 Net income from fundraising eventsExcluded from tax −$33,590−$33,590
VIII-12 Total revenueRelated to mission $571,124 · Unrelated business $0 · Excluded from tax $4,032,137$10,235,365
Part IX · Statement of functional expenses $7,088,291 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $4,872,612$4,872,612
IX-2 Grants to domestic individualsPrograms $21,562$21,562
IX-5 Pay of current officers, directors and key staffPrograms $25,375 · Management $202,998 · Fundraising $25,375$253,748
IX-7 Other salaries and wagesPrograms $156,465 · Management $55,051 · Fundraising $230,896$442,412
IX-8 Pension plan contributionsPrograms $6,477 · Management $16 · Fundraising $9,699$16,192
IX-9 Other employee benefitsPrograms $23,639 · Management $31,606 · Fundraising $33,435$88,680
IX-10 Payroll taxesPrograms $13,553 · Management $18,522 · Fundraising $19,144$51,219
IX-11c Accounting feesPrograms $166 · Management $227 · Fundraising $235$628
IX-11f Investment management feesPrograms $14,140 · Management $19,324 · Fundraising $19,973$53,437
IX-11g Other fees for servicesPrograms $176,456 · Management $241,155 · Fundraising $249,258$666,869
IX-12 Advertising and promotionPrograms $34,372 · Management $46,975 · Fundraising $48,554$129,901
IX-13 Office expensesPrograms $14,567 · Management $19,908 · Fundraising $20,577$55,052
IX-14 Information technologyPrograms $19,495 · Management $26,643 · Fundraising $27,538$73,676
IX-16 OccupancyPrograms $4,998 · Management $6,831 · Fundraising $7,060$18,889
IX-19 Conferences, conventions and meetingsPrograms $8,903 · Management $12,168 · Fundraising $12,576$33,647
IX-22 Depreciation, depletion and amortizationPrograms $10,143 · Management $13,861 · Fundraising $14,327$38,331
IX-23 InsurancePrograms $7,954 · Management $10,871 · Fundraising $11,236$30,061
IX-24 Other expenses (24a–d)Programs $198,789 · Management $20,940 · Fundraising $21,646$241,375
IX-25 Total functional expensesPrograms $5,609,666 · Management $727,096 · Fundraising $751,529$7,088,291
Part X · Balance sheet $69,118,344 assets, 15 lines filed
Asset lines not itemized here account for $43,837; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,919,508$2,946,193
X-3 Pledges and grants receivableStart of year $325,000$0
X-9 Prepaid expenses and deferred chargesStart of year $20,893$7,706
X-10c Land, buildings and equipment, netStart of year $1,178,659$1,145,708
X-11 Publicly traded securitiesStart of year $56,923,524$64,116,919
X-12 Other securitiesStart of year $351,434$25,574
X-15 Other assetsStart of year $793,582$832,407
X-16 Total assetsStart of year $62,863,473$69,118,344
X-17 Accounts payable and accrued expensesStart of year $90,967$116,658
X-25 Other liabilitiesStart of year $15,709,745$17,981,717
X-26 Total liabilitiesStart of year $15,800,712$18,098,375
X-27 Net assets without donor restrictionsStart of year $45,834,701$1,291,647
X-28 Net assets with donor restrictionsStart of year $1,228,060$49,728,322
X-32 Total net assets or fund balancesStart of year $47,062,761$51,019,969
X-33 Total liabilities and net assetsStart of year $62,863,473$69,118,344
Part XI · Reconciliation of net assets $51,019,969 net assets at year end
XI-1 Total revenue$10,235,365
XI-2 Total expenses$7,088,291
XI-3 Revenue less expenses$3,147,074
XI-4 Net assets at start of year$47,062,761
XI-5 Net unrealized gains (losses) on investments$2,074,873
XI-9 Other changes in net assets−$1,264,739
XI-10 Net assets at end of year$51,019,969

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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