Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
THE ST JOE COMMUNITY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)130 RICHARD JACKSON BLVD SUITE 20
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PANAMA CITY BEACH, FL32407
A Employer identification number

59-3576402
B Telephone number (see instructions)

(850) 231-6435
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,096,503
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 30,070 30,070  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 2,326,673 0  
12 Total. Add lines 1 through 11........ 2,356,743 30,070  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 8,395 0   0
c Other professional fees (attach schedule).... 72,400 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 585 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,255 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 88,884 12   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 173,519 12   0
25 Contributions, gifts, grants paid....... 3,514,906 3,514,906
26 Total expenses and disbursements. Add lines 24 and 25 3,688,425 12   3,514,906
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,331,682
b Net investment income (if negative, enter -0-) 30,058
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,428,185 2,096,503 2,096,503
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet8,984
Less: accumulated depreciation (attach schedule) bullet8,984      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,428,185 2,096,503 2,096,503
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,428,185 2,096,503
29 Total net assets or fund balances (see instructions)..... 3,428,185 2,096,503
30 Total liabilities and net assets/fund balances (see instructions). 3,428,185 2,096,503
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,428,185
2
Enter amount from Part I, line 27a .....................
2
-1,331,682
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,096,503
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,096,503
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 3,109,850 4,320,646 0.719765
2017 2,135,625 4,609,191 0.463341
2016 1,217,202 3,882,970 0.313472
2015 1,027,747 3,194,404 0.321734
2014 1,097,979 2,446,988 0.448706
2
Total of line 1, column (d) .....................
2
2.267018
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.453404
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
2,983,576
5
Multiply line 4 by line 3......................
5
1,352,765
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
301
7
Add lines 5 and 6........................
7
1,353,066
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,514,906
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 301
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 301
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 301
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 301
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 301
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.STJCF.COM
    14
    The books are in care ofbulletAPRIL WILKES Telephone no.bullet (850) 231-6435

    Located atbullet130 RICHARD JACKSON BLVD SUITE 200PANAMA CITY BEACHFL ZIP+4bullet32407
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JORGE GONZALEZ PRESIDENT
    1.00
    0 0 0
    130 RICHARD JACKSON BLVD SUITE 200
    PANAMA CITY BEACH,FL32407
    RHEA GOFF VICE PRESIDENT, TREASURER
    1.00
    0 0 0
    130 RICHARD JACKSON BLVD SUITE 200
    PANAMA CITY BEACH,FL32407
    ELISABETH WALTERS SECRETARY
    1.00
    0 0 0
    130 RICHARD JACKSON BLVD SUITE 200
    PANAMA CITY BEACH,FL32407
    APRIL WILKES EXECUTIVE DIRECTOR
    1.00
    0 0 0
    130 RICHARD JACKSON BLVD SUITE 200
    PANAMA CITY BEACH,FL32407
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    3,029,011
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,029,011
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,029,011
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    45,435
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,983,576
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    149,179
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    149,179
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    301
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    301
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    148,878
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    148,878
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    148,878
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,514,906
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,514,906
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    301
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,514,605
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2018
    (c)
    2018
    (d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 148,878
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 975,630
    b From 2015...... 868,027
    c From 2016...... 1,035,083
    d From 2017...... 1,905,698
    e From 2018...... 2,894,874
    fTotal of lines 3a through e........ 7,679,312
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 3,514,906
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2019 distributable amount..... 148,878
    e Remaining amount distributed out of corpus 3,366,028
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 11,045,340
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...
    975,630
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......
    10,069,710
    10 Analysis of line 9:
    a Excess from 2015.... 868,027
    b Excess from 2016.... 1,035,083
    c Excess from 2017.... 1,905,698
    d Excess from 2018.... 2,894,874
    e Excess from 2019.... 3,366,028
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    A HAND UP INTERNATIONAL INC
    6804 BAYOU GEORGE ROAD
    PANAMA CITY,FL32404
    NONE PC COMMUNITY OUTREACH 19,000
    AIR FORCE ASSOCIATION EGLIN CHAPTER
    PO BOX 176
    SHALIMAR,FL32579
    NONE PC PRIVATE & COMMUNITY EDUCATION 10,000
    ALAQUA ANIMAL REFUGE
    914 WHITFIELD ROAD
    FREEPORT,FL32439
    NONE PC COMMUNITY OUTREACH 115,000
    ALL HANDS AND HEARTS SMART RESPONSE
    6 COUNTY RD STE 6
    MATTAPOISETT,MA02739
    NONE PC HURRICANE MICHAEL RELIEF 25,000
    AMERICAN CANCER SOCIETY
    4001 WEST 23RD ST SUITE C
    PANAMA CITY,FL32405
    NONE PC COMM HEALTH CARE INITIATIVES 7,000
    AMERICAN RED CROSS - NW FLORIDA CHAPTER
    475 HARRISON AVENUE
    PANAMA CITY,FL32401
    NONE PC COMM HEALTH CARE INITIATIVES 10,000
    ANCHORAGE CHILDREN'S HOME OF BAY COUNTY INC
    2121 LISENBY AVE
    PANAMA CITY,FL32405
    NONE PC COMMUNITY OUTREACH 35,720
    BASIC NWFL INC
    432 MAGNOLIA AVE
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 5,000
    BAY ARTS ALLIANCE
    PO BOX 1153
    PANAMA CITY,FL32402
    NONE PC CULTURAL ARTS 5,000
    BAY COUNTY CHAMBER FOUNDATION
    PO BOX 1850
    PANAMA CITY,FL32402
    NONE PC PRIVATE & COMMUNITY EDUCATION 2,500
    BAY COUNTY CONSERVANCY INC
    P O BOX 1122
    PANAMA CITY,FL32402
    NONE PC HURRICANE MICHAEL RELIEF 1,800
    BAY COUNTY COUNCIL ON AGING
    1116 FRANKFORD AVENUE
    PANAMA CITY,FL32401
    NONE PC COMM HEALTH CARE INITIATIVES 20,000
    BAY COUNTY LIBRARY FOUNDATION
    898 W 11TH ST
    PANAMA CITY,FL32401
    NONE PC TEACHING AND LEARNING 38,000
    BAY COUNTY TEEN INITIATIVE INC
    PO BOX 27713
    PANAMA CITY,FL32411
    NONE PC PRIVATE & COMMUNITY EDUCATION 3,000
    BAY EDUCATION FOUNDATION
    1311 BALBOA AVENUE
    PANAMA CITY,FL32401
    NONE PC EDUCATION, TEACHING & LEARNING GRANTS, PRIVATE & COMMUNITY EDUCATION, HURRICANE RELIEF 753,414
    BAY HAVEN CHARTER ACADEMY FOUNDATION
    2501 HAWKS LANDING BLVD
    PANAMA CITY,FL32405
    NONE PC HURRICANE MICHAEL RELIEF 12,500
    BAY HIGH SCHOOL FOUNDATION
    PO BOX 1008
    PANAMA CITY,FL32402
    NONE PC COMMUNITY OUTREACH 48,435
    BEACH CARE SERVICES INC
    6816 THOMAS DRIVE
    PANAMA CITY BEACH,FL32408
    NONE PC PRIVATE & COMMUNITY EDUCATION 10,000
    BIG BROTHERS BIG SISTERS OF NORTHWEST FL
    1149 CREIGHTON RD SUITE 1
    PENSACOLA FL,FL32504
    NONE PC COMMUNITY OUTREACH 1,800
    BOYS & GIRLS CLUB OF THE EMERALD COAST
    427 GREENWAY TRAIL
    SANTA ROSA BEACH,FL32459
    NONE PC PRIVATE & COMMUNITY EDUCATION 15,000
    CARING & SHARING OF SOUTH WALTON
    112 LYNN DRIVE
    SANTA ROSA BEACH,FL32459
    NONE PC PARKS AND RECREATION 1,000
    CHILDREN'S VOLUNTEER HEALTH NETWORK
    PO BOX 2142
    SANTA ROSA BEACH,FL32459
    NONE PC COMMUNITY HEALTH CARE INITIATIVES 20,000
    COVENANT HOSPICE FOUNDATION INC
    107 WEST 19TH STREET
    PANAMA CITY,FL32405
    NONE PC COMMUNITY HEALTH CARE INITIATIVES 50,000
    CULTIVATE COMMUNITY GARDENS
    810 J D MILLER ROAD
    SANTA ROSA BEACH,FL32459
    NONE PC PRIVATE & COMMUNITY EDUCATION 10,000
    EARLY LEARNING COALITION OF NWFL
    PO BOX 150
    PANAMA CITY,FL32402
    NONE PC COMMUNITY OUTREACH 55,122
    EDUCATION FOUNDATION OF GULF COUNTY
    2201 LONG AVE
    PORT ST JOE,FL32456
    NONE PC HURRICANE MICHAEL RELIEF 7,500
    EMERALD COAST CHILDREN'S ADVOCACY CENTER
    401 MCEWEN DRIVE
    NICEVILLE,FL32578
    NONE PC COMMUNITY OUTREACH, COMM HEALTH CARE INITIATIVES 30,000
    EMERALD COAST FIRST RESPONDERS ASSOCIATION INC
    3508 ROSEWOOD CIRCLE
    LYNN HAVEN,FL32444
    NONE PC COMMUNITY OUTREACH 5,000
    EMERALD COAST THEATRE COMPANY
    PO BOX 9175
    MIRAMAR BEACH,FL32550
    NONE PC CULTURAL ARTS 10,000
    FEEDING THE GULF COAST
    5709 INDUSTRIAL BLVD
    MILTON FL,FL32583
    NONE PC COMMUNITY OUTREACH 25,000
    FIRST CHRISTIAN PRESCHOOL
    225 S 11TH ST
    DEFUNIAK SPRINGS,FL32435
    NONE PC HURRICANE MICHAEL RELIEF 7,863
    FIRST UNITED METHODIST CHURCH
    903 E 4TH STREET
    PANAMA CITY,FL32401
    NONE PC PRIVATE & COMMUNITY EDUCATION AND HURRICANE MICHAEL RELIEF 20,881
    FLORIDA CHAMBER FOUNDATION
    136 S BRONOUGH STREET
    TALLAHASSEE,FL32301
    NONE PC 136 S. BRONOUGH STREET 3,500
    FLORIDA STATE PARKS FOUNDATION
    1700 NORTH MONROE STREET SUITE 11
    200
    TALLAHASSEE,FL32303
    NONE PC HURRICANE MICHAEL RELIEF 60,000
    FLORIOPOLIS
    PO BOX 9654
    PANAMA CITY BEACH,FL32417
    NONE PC CULTURAL ARTS 12,000
    FOOD FOR THOUGHT
    908 AIRPORT RD
    DESTIN,FL32541
    NONE PC PRIVATE & COMMUNITY EDUCATION 45,000
    FOOD4KIDZ
    16610 FRONT BEACH RD
    PANAMA CITY BEACH,FL32413
    NONE PC COMMUNITY OUTREACH 24,000
    FORE HER INC
    PO BOX 1033
    SANTA ROSA BEACH,FL32459
    NONE PC DONATIONS 1,000
    FOYE BELLE FOUNDATION INC
    174 WATERCOLOR WAY SUITE 103-420
    SANTA ROSA BEACH,FL32459
    NONE PC HURRICANE MICHAEL RELIEF 3,000
    FRIENDS OF CAMP HELEN
    PO BOX 19338
    PANAMA CITY BEACH,FL32417
    NONE PC PARKS AND RECREATION 2,000
    FRIENDS OF ST JOSEPH BAY GOLF COURSEINC
    101 ALLEN MEMORIAL WAY
    PORT ST JOE,FL32456
    NONE PC COMMUNITY OUTREACH 100,000
    FRIENDS OF THE BAY COUNTY LIBRARIES INC
    PO BOX 59625
    PANAMA CITY,FL32412
    NONE PC HURRICANE MICHAEL RELIEF 7,500
    FSU FOUNDATION INC
    4750 COLLEGIATE DR
    PANAMA CITY,FL324051099
    NONE PC EDUCATION 152,000
    GRIT & GRACE INC
    PO BOX 62
    DEFUNIAK SPRINGS,FL32435
    NONE PC CULTURAL ARTS 5,000
    GULF COAST CHILDREN'S ADVOCACY CENTER
    210 E 11TH STREET
    PANAMA CITY,FL32401
    NONE PC COMMUNITY HEALTHCARE INITIATIVES 10,000
    GULF COAST STATE COLLEGE FOUNDATION
    5230 WEST US HWY 98
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF, PRIVATE & COMMUNITY EDUCATION 162,000
    HEALING HOOFBEATS INC
    10636 W LINGER LONGER RD
    YOUNGSTOWN,FL32466
    NONE PC HURRICANE MICHAEL RELIEF 3,000
    HMX PRODUCTIONS
    18100 PANAMA CITY BEACH PKWY
    PANAMA CITY,FL32413
    NONE NC COMMUNITY OUTREACH 5,230
    HOPE PANHANDLE
    674 SERENOA ROAD UNIT E
    SANTA ROSA BEACH,FL32459
    NONE PC HURRICANE MICHAEL RELIEF 25,000
    HOPE PROJECT INC
    7922 HWY 20
    YOUNGSTOWN,FL32466
    NONE PC HURRICANE MICHAEL RELIEF 2,745
    HSU FOUNDATION
    READY AVE NW
    FORT WALTON BEACH,FL32548
    NONE PC PRIVATE & COMMUNITY EDUCATION 6,000
    JOE CENTER FOR THE ARTS
    201 REID AVE
    PORT ST JOE,FL32327
    NONE PC HURRICANE MICHAEL RELIEF 2,652
    KEEP PCB BEAUTIFUL
    PO BOX 9654
    PANAMA CITY BEACH,FL32417
    NONE PC COMMUNITY OUTREACH 5,000
    KNIGHTS OF PYTHIAS
    1040 BROAD ST
    JACKSONVILLE,FL32202
    NONE PC COMMUNITY OUTREACH 3,300
    LGBT CENTER OF BAY COUNTY INC
    1608 BAKER CT ROOM 6
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 5,000
    LIFE MANAGEMENT CENTER OF NWFL
    525 EAST 15TH STREET
    PANAMA CITY,FL32405
    NONE PC COMM HEALTH CARE INITIATIVES 25,000
    MARTIN THEATER
    409 HARRISON AVE
    PANAMA CITY,FL32401
    NONE PC CULTURAL ARTS 15,000
    MERCY CHEFS
    711 WASHINGTON STREET
    PORTSMOUTH,VA23704
    NONE PC HURRICANE MICHAEL RELIEF 20,000
    MUSCULAR DYSTROPHY ASSOCIATION
    6773 COUNTY RD 30A
    PORT ST JOE,FL32456
    NONE PC COMM HEALTH CARE INITIATIVES 12,000
    NOKUSE EDUCATION INC
    4956 FL-20 E
    FREEPORT,FL32439
    NONE PC PRIVATE & COMMUNITY EDUCATION 45,000
    NORTH BAY HAVEN
    1 BUCCANEER DRIVE
    PANAMA CITY,FL32404
    NONE PC PRIVATE & COMMUNITY EDUCATION 37,500
    NWFL GUARDIAN AD LITEMFOUNDATION INC
    151 MARY ESTHER BLVD SUITE 301
    MARY ESTHER,FL32569
    NONE PC COMMUNITY OUTREACH 8,500
    PALM BAY ELEMENTARY SCHOOL
    1200 ALLAMANDA RD NE
    PALM BAY,FL32905
    NONE PC COMMUNITY OUTREACH 1,500
    PANAMA CITY FL HURRICANE DISASTER RELIEF
    501 HARRISON AVE
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 63,000
    PANAMA CITY RESCUE MISSION
    PO BOX 2359
    PANAMA CITY,FL32402
    NONE PC HURRICANE MICHAEL RELIEF 25,000
    PCB ROTARIANS AT WORK INC
    316 BAINBRIDGE ST
    PANAMA CITY BEACH,FL32413
    NONE PC COMMUNITY OUTREACH 1,000
    RONALD MCDONALD HOUSE CHARITIES OF NWFL
    5200 BAYOU BLVD
    PENSACOLA,FL32503
    NONE PC HEALTH 60,000
    ROSEMARY BEACH FOUNDATION INC
    PO BOX 611306
    ROSEMARY BEACH,FL32461
    NONE PF CULTURAL ARTS 7,500
    ROTARY YOUTH CAMP OF NORTH FLORIDA
    PO BOX 10426
    TALLAHASSEE,FL32302
    NONE PC PRIVATE & COMMUNITY EDUCATION 12,000
    SACRED HEART FOUNDATION
    5151 N NINTH AVENUE
    PENSACOLA,FL32504
    NONE PC HOSPITALS 117,920
    SCIENCE & DISCOVERY CENTER
    308 AIRPORT RD
    PANAMA CITY,FL32405
    NONE PC HURRICANE MICHAEL RELIEF 20,000
    SCOTTISH RITE FOUNDATION OF FL VALLEY
    PO BOX 5736
    WINTER PARK,FL32793
    NONE PC COMM HEALTH CARE INITIATIVES 25,000
    SEASIDE SCHOOL FOUNDATION INC
    PO BOX 4825
    SANTA ROSA BEACH,FL32459
    NONE PC EDUCATION 2,352
    SECOND MT MORIAH MISSIONAL BAPTIST
    3808 E 1ST CT
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 20,000
    SIGHT SAVERS AMERICA
    337 BUSINESS CIRCLE
    PELHAM,AL35124
    NONE PC COMM HEALTH CARE INITIATIVES 10,000
    SINFONIA GULF COAST
    PO BOX 6326
    DESTIN,FL32550
    NONE PC CULTURAL ARTS 25,000
    SOUTH WALTON FIRST BAPTIST CHURCH
    24388 US-331
    SANTA ROSA BEACH,FL32459
    NONE PC COMMUNITY OUTREACH 38,000
    SPECIAL PROGRAMS FOR SPECIAL KIDS INC
    301 W 26TH STREET
    LYNN HAVEN,FL32444
    NONE PC COMM HEALTH CARE INITIATIVES 25,000
    ST ANDREW BAY RESOURCE MGMT ASSOC INC
    PO BOX 15028
    PANAMA CITY,FL32406
    NONE PC HURRICANE MICHAEL RELIEF 40,554
    ST ANDREW CHRISTIAN CARE CENTER INC
    3101A W HIGHWAY 98
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 12,500
    ST ANDREW COMMUNITY MEDICAL CENTER INC
    3101B HIGHWAY 98 WEST
    PANAMA CITY,FL32401
    NONE PC COMMUNITY HEALTH CARE INITIATIVES 55,000
    SUNSHINE ART CENTER INC
    7940 FRONT BEACH RD
    PANAMA CITY BEACH,FL32407
    NONE PC CULTURAL ARTS 2,500
    THE ARC OF THE BAY
    1804 CAROLINA AVENUE
    LYNN HAVEN,FL32444
    NONE PC PRIVATE & COMMUNITY EDUCATION 500
    THE PORT THEATRE
    314 REID AVENUE
    PORT ST JOE,FL32456
    NONE PC CULTURAL ARTS 25,000
    THE PRESCHOOL AT POINT WASHINGTON
    1290 NORTH COUNTY HIGHWAY 395
    SANTA ROSA BEACH,FL32459
    NONE PC PRIVATE & COMMUNITY EDUCATION 600
    THE SALVATION ARMY - PANAMA CITY CORPS
    1824 W 15TH STREET
    PANAMA CITY,FL32401
    NONE PC COMMUNITY OUTREACH 10,000
    THE SONDER PROJECT
    790 N COUNTY HWY 393
    SANTA ROSA BEACH,FL32459
    NONE PC COMMUNITY OUTREACH. PRIVATE & COMMUNITY EDUCATION 15,000
    TIVOLI HISTORICAL SOCIETY
    PO BOX 1598
    DEFUNIAK SPRINGS,FL32435
    NONE PC COMMUNITY OUTREACH 30,000
    TRINITY LUTHERAN CHURCH
    1001 WEST 11TH STREET
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 5,000
    TRISTATE CHRISTIAN FELLOWSHIP
    100 CHRISTIAN CAMP RD
    DEFUNIAK SPRINGS,FL32433
    NONE PC COMM HEALTH CARE INITIATIVES 25,000
    UNITED WAY OF NORTHWEST FLORIDA
    602 HARRISON AVE
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 25,000
    WALTON ACADEMY INC
    389 DORSEY AVENUE
    DEFUNIAK SPRINGS,FL32435
    NONE PC COMMUNITY OUTREACH 6,000
    WALTON EDUCATION FOUNDATION
    145 PARK STREET
    DEFUNIAK SPRINGS,FL32435
    NONE PC PRIVATE & COMMUNITY EDUCATION 475,518
    WOMEN'S CIVIC CLUB OF PANAMA CITY BEACH
    PO BOX 9759
    PANAMA CITY BEACH,FL32417
    NONE PC COMMUNITY OUTREACH 2,500
    WREATHS ACROSS AMERICA BAY COUNTY FL
    PO BOX 1084
    LYNN HAVEN,FL32444
    NONE PC COMM HEALTH CARE INITIATIVES 3,000
    POINT WASHINGTON MEDICAL CLINIC
    1290 N CO HWY 395
    SANTA ROSA BEACH,FL32459
    NONE PC COMM HEALTH CARE INITIATIVES 40,000
    RACHAL'S RECOVERY RELIEF
    1224 WEST WATER OAK BEND
    PANAMA CITY BEACH,FL32413
    NONE PC COMMUNITY OUTREACH 5,000
    REVOLT MINISTRIES
    2126 TURKEY RUN
    LYNN HAVEN,FL32444
    NONE PC COMMUNITY OUTREACH 10,000
    YOUNG PHILOSOPHERS SOCIETY
    PO BOX 259
    SHALIMAR,FL32579
    NONE PC COMM HEALTH CARE INITIATIVES 10,000
    B'YOND THE WALLS YOUNG ADULT OUTREACH MINISTRIES
    6804 BAYOU GEORGE ROAD
    PANAMA CITY,FL32404
    NONE PC COMM HEALTH CARE INITIATIVES 5,000
    CULTURAL ARTS ALLIANCE OF WALTON COUNTY
    105 HOGTOWN BAYOU LN
    SANTA ROSA BEACH,FL32459
    NONE PC CULTURAL ARTS 24,500
    HOLY NATIVITY EPISCOPAL SCHOOL
    205 HAMILTON AVE
    PANAMA CITY,FL32401
    NONE PC HURRICANE MICHAEL RELIEF 25,000
    THE SEASIDE SCHOOL FOUNDATION INC
    PO BOX 4825
    SANTA ROSA BEACH,FL32459
    NONE PC PRIVATE & COMMUNITY EDUCATION 20,000
    Total .................................bullet 3a 3,514,906
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    aFEE ASSESSMENT         2,326,673
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
             
    4 Dividends and interest from securities....     14 30,070  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
             
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 30,070 2,326,673
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,356,743
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A THE FEE ASSESSMENT IS AN AMOUNT COLLECTED ON THE SALE OF ALL HOMES. THIS MONEY IS THEN CONTRIBUTED TO ORGANIZATIONS IN THE COUNTIES FROM WHICH IT CAME. EXAMPLES INCLUDE PROVIDING MONEY TO LOCAL SCHOOLS AND PROVIDING SUPPORT TO IMPROVE LIVING CONDITIONS FOR PEOPLE IN THESE COUNTIES. THE FEE ASSESSMENT IS MADE TO SUPPORT THE CHARITABLE PURPOSES OF THE FOUNDATION AND DOES NOT CONSTITUTE NET INVESTMENT INCOME.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    Firm's EIN SmallBullet
    Firm's address SmallBullet


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    Form 990-PF (2019)
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