Pinellas Community Foundation

What it reported doing in 2024

Pinellas community foundation (pcf) strengthens the 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. In partnership with our generous donors, pcf awarded 654 grants to 323 charitable organizations in 2024, supporting initiatives that enhance our community's resilience and well-being. Following hurricanes helene and milton, pcf worked with regional partners to activate the tampa bay resiliency fund and the we are st. Pete fund, both dedicated to raising and distributing funds for hurricane relief and recovery. These collaborative efforts helped direct resources quickly to organizations providing food, shelter, and essential services to affected residents, reinforcing pcf's role in supporting our community through crisis and recovery. Our grants focus on key issues such as food security, housing stability, healthcare access, arts education, and educational opportunity. As a community partner, pcf collaborates with donors, nonprofits, local leaders, and funders to identify and respond to emerging needs. By aligning resources with effective solutions, pcf remains a trusted partner in advancing locally focused philanthropy that delivers meaningful results. Pcf also helps donors create scholarship funds that support students pursuing higher education and vocational training. Working closely with donors, our team designs scholarships that reflect each donor's goals, ensuring each award makes a real difference for students and the broader community. In 2024, donors partnered with pcf to recommend 220 grants through donor- advised funds, supporting a wide range of community priorities. Pcf provides expertise and guidance to help donors achieve their charitable goals and ensure every grant meets real community needs. By simplifying the giving process and fostering thoughtful philanthropy, pcf empowers donors to make a lasting, positive impact on the causes they care about most.

Financial Efficiency

• Mission deployment rate: 94.5%; rating input score 95
• Program expense ratio: 96%; rating input score 96
• Fundraising efficiency: $45.92 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 99.7%; rating input score 100; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 17.7%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 8.67; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings

Growth

• Program expense growth: 17.6% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 7.7% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 4.9% per year; rating input score 100; 35th percentile among comparable filings