Costa Farms Scholarship Foundation Inc
Costa Farms Scholarship Foundation Inc is a private foundation based in Miami, Florida (21800 SW 162nd Ave, Miami, FL 33170-2004). Established in 2015, it operates as a company-sponsored foundation affiliated with Costa Farms. The foundation is a 501(c)(3) tax-exempt organization designated for educational and philanthropic purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41K
+1087.6% YoY
Annual Giving
$236K
+32.1% YoY
Grant Count
106
+30.9% YoY
Avg Grant Size
$2K
+1.0% YoY
Mission & Focus Areas
The foundation awards scholarships to employees of Costa Farms and their children to pursue higher education or professional certification. The organization makes scholarship grants to low-income students to further their education at accredited post-secondary institutions.
Grantmaking
The foundation demonstrates consistent grant-making activity:
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Geographic Focus
Where this funder awards grants
The foundation primarily operates in Florida, with some grantmaking activity extending to Virginia and North Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $40,712
- Total Revenue: $273,254
- Total Expenses: $236,000
- Total Liabilities: $0
Prior Year Data (2023):
- Total Assets: $3,428
- Total Revenues: $180,462
- Total Expenses: $178,812
- Grants and Contributions: $180,445
The foundation has shown growth in revenues year-over-year, with a 21.5% increase from 2022 to 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,712 | $3,428 | $1,778 |
| Revenue | $273,254 | $180,462 | $148,515 |
| Expenses | $235,970 | $178,812 | $149,556 |
| Qualifying Distributions | $235,970 | $178,812 | $149,556 |
| Net Investment Income | $19 | $17 | $3 |
| Distributable Amount | $1,089 | $866 | $1,351 |
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 2024
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSE A COSTA III | DIRECTOR | 2 | — |
| MARIA COSTA SMITH | DIRECTOR | 1 | — |
| JOSE I SMITH III | DIRECTOR | 1 | — |
Contact Information
- Telephone: 305-247-5135
- EIN: 27-3586135
- Tax-Exempt Status: Since March 2015
Subject Areas
Focus areas based on grantmaking activity
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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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