Admirals Cove Foundation Inc
Admirals Cove Foundation Inc is a public charity and grantmaking foundation located in Jupiter, Florida. The organization was established in 2005 and operates as a 501(c)(3) nonprofit. The foundation is supported by member donations from The Club at Admirals Cove and directs philanthropic efforts toward improving lives in northern Palm Beach County.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
+35.7% YoY
Annual Giving
$3.4M
-7.1% YoY
Grant Count
74
+4.2% YoY
Avg Grant Size
$47K
-10.9% YoY
Mission & Focus Areas
Mission: Admirals Cove Member donations fund grants that improve the lives of North Palm Beach County neighbors, as well as Admirals Cove employees and their families, by focusing on health, education, and social services.
Primary Funding Areas:
- Education
- Health Care
- Social Services
Grantmaking
The foundation makes grants exclusively focused on organizations serving Palm Beach County. Recent grantmaking activity demonstrates significant philanthropic output:
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Geographic Focus
Where this funder awards grants
Northern Palm Beach County, Florida, with primary service area in the Jupiter area and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Revenue: $4,350,084
- Total Expenses: $4,100,239
- Total Assets: $1,028,341
- Number of Employees: 2
Historical Assets: $1,395,687 (from earlier reporting period)
Total Giving: $3,844,354 (cumulative)
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,395,687 | $1,028,341 | $769,600 |
| Revenue | $4,254,445 | $4,350,084 | $3,228,168 |
| Expenses | $4,047,790 | $4,100,239 | $2,947,841 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,493 | $34,677 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
242 grants across all recorded years
Open Grants
2 open opportunities from Admirals Cove Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Rebecca Divine - Executive Director
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC BECKER | PRESIDENT | — | — |
| NANCY BUSH | BOARD MEMBER | — | — |
| SUZANNE CARROLL | VICE PRESIDE | — | — |
| CHARLES EZRINE | ASSISTANT TR | — | — |
| ANDY KAHN | BOARD MEMBER | — | — |
| MARGOT LESSANS | SECRETARY | — | — |
| JOE MCCART | BOARD MEMBER | — | — |
| JILL RIEHL | TREASURER | — | — |
| ERICA SCHERZER | BOARD MEMBER | — | — |
Recent News & Activity
Recent developments and announcements
The foundation celebrated its 9th Season of Giving in May 2025, announcing $4 million in grants awarded to nonprofit organizations. This milestone reflects record-setting philanthropic activity supported by The Club at Admirals Cove membership.
Admirals Cove Foundation Awards $35,000 to the Wounded Veterans Relief FundRecent grant recipients span multiple focus areas, including veterans' services, children's literacy, youth programs, and family support services. The foundation continues to emphasize both community grantmaking and educational scholarships for Club employees and their families.
Chasin A Dream Foundation Receives $35,000 Grant from Admirals Cove FoundationSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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