Gulf Power Foundationinc

PENSACOLA, FL EIN: 59-2817740

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $2.1M (97%)

Virginia $25K (1%)

Alabama $17K (1%)

Georgia $12K (1%)

States

Alabama Florida Georgia Virginia

Cities

AmericusBirminghamCantonmentChipleyCrestviewDefuniak SpringsDestinFort Walton BeachGainesvilleGracevilleJacksonvilleMariannaMiamiMiltonMobileNavarreNicevillePacePanama CityPanama City Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.