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Birch Island Foundation EIN 87-6540286 Form 990 (PDF) Claim this org

Birch Island Foundation

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A private foundation based in Sarasota, FL. It reported about $691K in revenue for 2024. For fiscal year 2024 it reported $691K in revenue, $99K in expenses, and $2.8M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Sarasota, FL
Filings
3 on file (2022–2024)
Revenue
$691KFY2024
Expenses
$99K
Net assets
$2.8M
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-6540286 Private foundation / grantmaker Sarasota, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Sarasota, FL. It reported about $691K in revenue for 2024.
Leadership
John C Reece II · Trustee
Money in and out
$691K revenue, $99K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$691K
Pt VIII · Ln 12
Total expenses
$99K
Pt IX · Ln 25
Net assets
$2.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $592K
Total assets
2.8M
deployed as grants and operations
Grants paid
95K
in FY2024
Grants made
16grants
total in period
Payout rate
3%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $95K · 2024–2024
National Parks Conservation AssociationDC · FY2024$10,000
Michael J Fox Foundation for Parkinsons ResearchNY · FY2024$10,000
Folds of HonorFY2024$10,000
Dav Charitable Service TrustFY2024$10,000
Cure Alzheimer's FundFY2024$10,000
Marie Selby Botanical Gardens INCFL · FY2024$5,000
Children First Sarasota Head StartFY2024$5,000
Shirley Ryan Ability LabFY2024$5,000
Sarasota General HospitalFY2024$5,000
The Bay Park Conservancy INCFL · FY2024$5,000
National Forest FoundationMT · FY2024$5,000
Strong TownsMN · FY2024$5,000
Waterkeeper Alliance INCNY · FY2024$3,500
Wikimedia Foundation INCCA · FY2024$2,500
Khan Academy INCCA · FY2024$2,500
Travis Audubon Society INCTX · FY2024$1,500

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV10
Average grantPart XV$6K
Median grantPart XV$5K
Largest grantPart XV$10K
Top cause focusNTEEEnvironment (25%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$691K
FY2024▲ +10%
Expenses
$99K
FY2024▲ +37%
Total assets
$2.8M
FY2024▲ +27%
Total liabilities
$0
FY2024
Total revenue
$691K
Pt VIII · Ln 12
Total expenses
$99K
Pt IX · Ln 25
Net assets
$2.8M
Pt X · Ln 32
Total assetsPt II$2.8M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBirch Island Foundation
EINHdr · item D87-6540286
Principal addressHdr · item CSarasota, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$505K · 73%
Investment income$185K · 27%
Contributions & grants73%$505K
Investment income27%$185K
Other revenue$2K
Total revenueLn 12$691K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$95K
Operating & administrative4%$4K
Total functional expensesLn 25$99K

Balance Sheet

Part X · end of year
CashLn 1$465K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.8M
Months of cash on handcomputed56.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.8M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $691K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $691K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $691K · Prior year $630K
+10%
Net-asset trend (YoY)
End of year $2.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $691K · Expenses $99K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
—
Net-asset ratio
Net assets $2.8M · Total assets $2.8M
100%
People & payroll
Highest Reported Total Compensation
Individual John C Reece II · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $99K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 10%——

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$691K revenue · viewing · ⤓ 990 PDF
FY2023$630K revenue · ⤓ 990 PDF
FY2022$466K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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