Gulf Power Foundationinc
Gulf Power Foundationinc is a private foundation, based in PENSACOLA, FL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 71 grants totaling $1.6M. Net investment income was $36K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$1.6M
+13.8% YoY
Grant Count
71
+14.5% YoY
Avg Grant Size
$23K
-0.6% YoY
Under IRS private-foundation payout rules, Gulf Power Foundationinc reported a distributable amount of $206K for 2021 — the minimum it must pay out in qualifying distributions.
About Gulf Power Foundationinc
Based on IRS filings
Gulf Power Foundationinc is a private foundation, based in PENSACOLA, FL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 71 grants totaling $1.6M. Net investment income was $36K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $5,192,826 |
| Revenue | $35,582 | $89,386 |
| Expenses | $1,631,992 | $1,434,117 |
| Qualifying Distributions | $1,630,608 | — |
| Net Investment Income | $35,582 | $89,136 |
| Distributable Amount | $205,966 | $257,184 |
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 2021
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Hsu Educational Foundation ($210,000), Florida State Parks Foundation ($145,000), Pensacola Habitat for Humanity ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A K SUTER ELEMENTARY PTA PENSACOLA, FL | ELEMENTARY SCHOOL STEM EDUCATION | $3,825 |
| ACHIEVE ESCAMBIA PENSACOLA, FL | YOUTH COMMUNITY SERVICES | $45,000 |
| ALIGNMENT BAY COUNTY PANAMA CITY, FL | YOUTH COMMUNITY SERVICES | $30,000 |
| ANGEL HOUSE BEREAVEMENT CENTER PANAMA CITY, FL | YOUTH MENTAL HEALTH SERVICES | $1,500 |
| BAPTIST COLLEGE OF FLORIDA GRACEVILLE, FL | MATCHING GIFT - EDUCATION | $1,000 |
| BAY EDUCATION FOUNDATION PANAMA CITY, FL | TEACHER GRANT PROGRAM | $20,000 |
| BAY EDUCATION FOUNDATION PANAMA CITY, FL | TAKE STOCK IN CHILDREN SCHOLARSHIP | $10,000 |
| BIG BROTHERS BIG SISTERS OF NWFL PENSACOLA, FL | YOUTH SERVICES | $25,000 |
| CATHOLIC CHARITIES OF NORTHWEST FLORIDA PENSACOLA, FL | COMMUNITY OUTREACH FOR THE IMPOVERISHED | $20,000 |
| CENTRAL GULF COAST CDF FREEDOM SCHOOLS PENSACOLA, FL | SUMMER PROGRAM FOR AT-RISK YOUTH | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS BEAN | TRUSTEE | 0.5 | — |
| PAUL CUTLER | TREASURER | 0.5 | — |
| SUSAN MELIANS | CHAIRMAN | 0.5 | — |
| SCOTT SEELEY | SECRETARY | 0.5 | — |
| MELISSA PLOTSKY | ASSISTANT SECRETARY | 0.5 | — |
Frequently Asked Questions
Where does Gulf Power Foundationinc operate?
Gulf Power Foundationinc has awarded grants in Alabama, Florida, Georgia, Virginia.
What size grants does Gulf Power Foundationinc award?
In 2021, Gulf Power Foundationinc awarded 71 grants totaling $1.6M — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Gulf Power Foundationinc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Gulf Power Foundationinc reported a distributable amount of $206K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gulf Power Foundationinc's EIN?
Gulf Power Foundationinc's EIN (Employer Identification Number) is 59-2817740. IRS Form 990 filing data is available on this page for 2020–2021.
Explore Open Grants
Browse active grant opportunities in Gulf Power Foundationinc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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