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Nonprofit · EIN 59-2988752

PINES OF SARASOTA FOUNDATION INC

Tax-exempt · SARASOTA, FL 34236

Financials

$1.1M$1.5M2023$5M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of PINES OF SARASOTA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,971,733$1,912,790$3,058,943$7,589,324$77,987$7,511,337
December 31, 2023990$1,074,093$1,467,989-$393,896$4,597,013$106,191$4,490,822
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,464,405
Program service revenue
$0
Investment income
$507,328
Net gain from sales of assets
$376,280
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,280,457
Compensation of officers, directors and key employees
$180,727
Other salaries and wages
$258,007
Salaries, compensation and benefits (total)
$489,187
Professional fundraising fees
$0
Accounting fees
$9,200
Occupancy
$826
Program services (functional)
$1,353,886
Management and general (functional)
$320,118
Fundraising (functional)
$238,786

Balance sheet and other

Total assets, start of year
$4,597,013
Total assets, end of year
$7,589,324
Total liabilities, end of year
$77,987
Net assets, end of year
$7,511,337
Publicly traded securities
$6,614,152
Net assets without donor restrictions
$5,778,517
Net assets with donor restrictions
$1,732,820
Gross receipts
$10,869,374
Employees
6
Volunteers
12
Year formed
1989
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ANDREA STEPHENSPRESIDENT
Officer
50$154,000$26,727
LARRY BEDSOLETRUSTEE
Trustee or director
0.5$0$0
BRYAN H ROBERTSTRUSTEE
Trustee or director
0.5$0$0
JOHN SCHAUBTRUSTEE
Trustee or director
0.5$0$0
JANE HUNDEREX-OFFICIO
Trustee or director, Officer
0.5$0$0
KYLE L HEMBREE1ST VICE CHAIR
Trustee or director, Officer
0.5$0$0
LISA KEVERIAN-PRESS2ND VICE CHAIR
Trustee or director, Officer
0.5$0$0
ANNE RIDINGSTRUSTEE
Trustee or director
0.5$0$0
SAM STERNSECRETARY
Trustee or director, Officer
0.5$0$0
LORI SUTTONCHAIR
Trustee or director, Officer
0.5$0$0
KELLY SABATREASURER
Trustee or director, Officer
0.5$0$0
MIKE WARDEX-OFFICIO
Officer
0.5$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
RUTH FRAZIERPRESIDENT
Officer
50$139,533$15,623
ANDREA STEPHENSINTERIM PRESIDENT
Officer
50$108,909$7,799
CHARLA BURCHETTTRUSTEE
Trustee or director
0.5$0$0
EDMUND W MORTON IIICHAIR
Trustee or director, Officer
0.5$0$0
JOHN SCHAUBTRUSTEE
Trustee or director
0.5$0$0
KELLY SABATREASURER
Trustee or director, Officer
0.5$0$0
KYLE L HEMBREESECRETARY
Trustee or director, Officer
0.5$0$0
LISA KEVERIAN-PRESSTRUSTEE
Trustee or director
0.5$0$0
ANNE RIDINGS2ND VICE CHAIR
Trustee or director, Officer
0.5$0$0
SAM STERNTRUSTEE
Trustee or director
0.5$0$0
LORI SUTTON1ST VICE CHAIR
Trustee or director, Officer
0.5$0$0
JANE HUNDERBOARD CHAIRMAN
Trustee or director
0.5$0$0
LAVERNE GREENTRUSTEE
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
1501 N ORANGE AVE, SARASOTA, FL 34236-2694
Principal officer (990 for 2024)
ANDREA STEPHENS, 1501 N ORANGE AVENUE, SARASOTA, FL 34236
Signed the 990
ANDREA STEPHENS, PRESIDENT
Phone
(941) 955-6293
Return prepared by
WALTERS & ASSOCIATES CPAS

Mission

PINES OF SARASOTA FOUNDATION SECURES FUNDING TO PROVIDE COMPASSIONATE CARE, VITAL RESOURCES, AND FINANCIAL ASSISTANCE FOR THE SENIORS, CHILDREN, AND THE NURSING COMMUNITY SERVING THEM.

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORTING THE COMFORT, SAFETY AND CARE OF OUR RESIDENTS. PINES OF SARASOTA FOUNDATION RAISED FUNDS TO SUPPORT OUR MISSION, WHICH IS TO SUPPORT PINES OF SARASOTA HEALTHCARE, LLC RESIDENTS WHO HAVE OUTLIVED THEIR MEANS. PINES OF SARASOTA FOUNDATION ALSO RAISES FUNDS FOR CAPITAL IMPROVEMENTS TO THE CAMPUS TO ENSURE THAT THE RESIDENTS LIVING FACILITY CONTINUES TO PROVIDE A SAFE AND COMFORTABLE PLACE TO LIVE. PINES OF SARASOTA IS CELEBRATING ITS 75TH YEAR OF PROVIDING OUR RESIDENTS WITH THE CARE AND COMFORT THEY DESERVE.
    Expenses $1,353,886 · grants $1,280,457 · revenue $4,464,405

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-2988752
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E91I)
Assets (IRS master file)
$7,589,324
Income (IRS master file)
$10,869,374

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,971,733$1,912,790$7,589,324XML
990December 2023$1,074,093$1,467,989$4,597,013XML
990December 2022$1,627,093$11,640,439$4,461,961IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990July 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2988752).

Questions about PINES OF SARASOTA FOUNDATION INC

What is the EIN of PINES OF SARASOTA FOUNDATION INC?
The employer identification number (EIN) of PINES OF SARASOTA FOUNDATION INC is 59-2988752.
Is PINES OF SARASOTA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to PINES OF SARASOTA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PINES OF SARASOTA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PINES OF SARASOTA FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PINES OF SARASOTA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PINES OF SARASOTA FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ANDREA STEPHENS.
Who are the officers and directors of PINES OF SARASOTA FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $154,000 (ANDREA STEPHENS, PRESIDENT).
How much revenue does PINES OF SARASOTA FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,971,733, expenses of $1,912,790 and total assets of $7,589,324 at year end.

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