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Nonprofit · EIN 82-1840264

TRIUMPH GULF COAST INC

Tax-exempt · TALLAHASSEE, FL 32317

Financials

$96.8M$52.8M2023$113M$88.3M2024
Revenue Expenses · by fiscal year end
Financials of TRIUMPH GULF COAST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$113,038,235$88,313,540$24,724,695$617,674,364$13,078,246$604,596,118
December 31, 2023990$96,800,588$52,834,774$43,965,814$592,362,789$12,491,366$579,871,423
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$80,000,000
of which government grants
$80,000,000
Program service revenue
$0
Investment income
$33,038,235
Other revenue
$0

Expenses

Grants and similar amounts paid
$87,254,156
Compensation of officers, directors and key employees
$120,000
Salaries, compensation and benefits (total)
$129,180
Professional fundraising fees
$0
Legal fees
$210,000
Accounting fees
$105,195
Travel
$2,140
Program services (functional)
$88,141,111
Management and general (functional)
$172,429

Balance sheet and other

Total assets, start of year
$592,362,789
Total assets, end of year
$617,674,364
Total liabilities, end of year
$13,078,246
Net assets, end of year
$604,596,118
Net assets without donor restrictions
$508,653,130
Net assets with donor restrictions
$95,942,988
Gross receipts
$113,038,235
Employees
1
Volunteers
7
Year formed
2017
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 / weekCompensation
SUSAN SKELTONEXECUTIVE DIRECTOR
Officer
40$120,000
DAVID M BEARCHAIR
Trustee or director, Officer
5$0
J COLLIER MERRILLVICE CHAIR
Trustee or director, Officer
5$0
REYNOLDS HENDERSONTREASURER
Trustee or director, Officer
5$0
BRYAN A CORR SRBOARD MEMBER
Trustee or director
5$0
DAVID L HUMPHREYSBOARD MEMBER
Trustee or director
5$0
JAY TRUMBULL SRBOARD MEMBER
Trustee or director
5$0
LESLIE WEISSBOARD MEMBER
Trustee or director
5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
SUSAN SKELTONEXECUTIVE DIRECTOR
Officer
40$110,000
DAVID M BEARCHAIR
Trustee or director, Officer
5$0
J COLLIER MERRILLVICE CHAIR
Trustee or director, Officer
5$0
REYNOLDS HENDERSONTREASURER
Trustee or director, Officer
5$0
BRYAN A CORR SRBOARD MEMBER
Trustee or director
5$0
DAVID L HUMPHREYSBOARD MEMBER
Trustee or director
5$0
JAY TRUMBULL SRBOARD MEMBER
Trustee or director
5$0
LESLIE WEISSBOARD MEMBER
Trustee or director
5$0

Address and contacts

Address (IRS master file)
PO BOX 12007, TALLAHASSEE, FL 32317-2007
In care of
% ELIZABETH WALTERS
Principal officer (990 for 2024)
DAVID M BEAR, PO BOX 12007, TALLAHASSEE, FL 32317
Signed the 990
LESLIE WEISS, TREASURER
Phone
(850) 387-9405
Return prepared by
WARREN AVERETT LLC

Mission

TRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL. TRIUMPH GULF COAST, INC., IS REQUIRED TO ADMINISTER THE DISTRIBUTION OF THE FUNDS TO BE USED FOR THE RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE EIGHT NORTHWEST FLORIDA COUNTIES DISPROPORTIONATELY AFFECTED BY THE OIL SPILL. THOSE COUNTIES INCLUDE ESCAMBIA, SANTA ROSA, OKALOOSA, WALTON, BAY, GULF, FRANKLIN AND WAKULLA.

990 for the year ended December 31, 2024

Program accomplishments

  • TRIUMPH GULF COAST, INC., SHALL MAKE AWARDS FROM AVAILABLE FUNDS TO PROJECTS OR PROGRAMS THAT MEET THE PRIORITIES FOR ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES. TRIUMPH OPENED THE APPLICATION PROCESS FOR THESE FUNDS IN NOVEMBER 2017. THE FIRST GRANTS WERE AWARDED IN 2018. AWARDS MAY BE PROVIDED FOR: (1) AD VALOREM TAX RATE REDUCTION WITHIN DISPROPORTIONATELY AFFECTED COUNTIES; (2) LOCAL MATCH REQUIREMENTS OF FLORIDA S. 288.0655 FOR PROJECTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES; (3) PUBLIC INFRASTRUCTURE PROJECTS FOR CONSTRUCTION, EXPANSION, OR MAINTENANCE WHICH ARE SHOWN TO ENHANCE ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES; (4) GRANTS TO LOCAL GOVERNMENTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES TO ESTABLISH AND MAINTAIN EQUIPMENT AND TRAINED PERSONNEL FOR LOCAL ACTION PLANS OF RESPONSE TO RESPOND TO DISASTERS; (5) GRANTS TO SUPPORT PROGRAMS THAT PREPARE STUDENTS FOR FUTURE OCCUPATIONS AND CAREERS AT K-20 INSTITUTIONS THAT HAVE CAMPUSES IN DISPROPORTIONATELY AFFECTED COUNTIES. ELIGIBLE PROGRAMS INCLUDE THOSE THAT INCREASE STUDENTS' TECHNOLOGY SKILLS AND KNOWLEDGE; ENCOURAGE INDUSTRY CERTIFICATIONS; PROVIDE RIGOROUS, ALTERNATIVE PATHWAYS FOR STUDENTS TO MEET HIGH SCHOOL GRADUATION REQUIREMENTS; STRENGTHEN CAREER READINESS INITIATIVES; FUND HIGH-DEMAND PROGRAMS OF EMPHASIS AT THE BACHELOR'S AND MASTER'S LEVEL DESIGNATED BY THE BOARD OF GOVERNORS; AND, SIMILAR TO OR THE SAME AS TALENT RETENTION PROGRAMS CREATED BY THE CHANCELLOR OF THE STATE UNIVERSITY SYSTEM AND THE COMMISSION OF EDUCATION, ENCOURAGE STUDENTS WITH INTEREST OR APTITUDE FOR SCIENCE, TECHNOLOGY, ENGINEERING,MATHEMATICS, AND MEDICAL DISCIPLINES TO PURSUE POSTSECONDARY EDUCATION AT A STATE UNIVERSITY OF A FLORIDA COLLEGE SYSTEM INSTITUTION WITHIN THE DISPROPORTIONATELY AFFECTED COUNTIES; (6) GRANTS TO SUPPORT PROGRAMS THAT PROVIDE PARTICIPANTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES WITH TRANSFERABLE, SUSTAINABLE WORKFORCE SKILLS THAT ARE NOT CONFINED TO A SINGLE EMPLOYER; AND (7) GRANTS TO THE TOURISM ENTITY CREATED UNDER FLORIDA S. 288.1226 FOR THE PURPOSE OF ADVERTISING AND PROMOTING TOURISM AND FRESH FROM FLORIDA, AND GRANTS TO PROMOTE WORKFORCE AND INFRASTRUCTURE, ON BEHALF OF ALL OF THE DISPROPORTIONATELY AFFECTED COUNTIES.
    Expenses $88,141,111 · grants $87,254,156

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
82-1840264
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
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$617,674,364
Income (IRS master file)
$113,038,235

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$113,038,235$88,313,540$617,674,364XML
990December 2023$96,800,588$52,834,774$592,362,789XML
990December 2022$85,000,000$35,783,003$544,199,482IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 82-1840264).

Questions about TRIUMPH GULF COAST INC

What is the EIN of TRIUMPH GULF COAST INC?
The employer identification number (EIN) of TRIUMPH GULF COAST INC is 82-1840264.
Is TRIUMPH GULF COAST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to TRIUMPH GULF COAST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TRIUMPH GULF COAST 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 TRIUMPH GULF COAST 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 TRIUMPH GULF COAST 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 TRIUMPH GULF COAST INC?
The 990 for the year ended December 31, 2024 names DAVID M BEAR.
Who are the officers and directors of TRIUMPH GULF COAST INC?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $120,000 (SUSAN SKELTON, EXECUTIVE DIRECTOR).
How much revenue does TRIUMPH GULF COAST INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $113,038,235, expenses of $88,313,540 and total assets of $617,674,364 at year end.

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