EIN 82-1840264

Triumph Gulf Coast

IRS 501(c) type
501(c)(3)
Num. employees
1
State
Year formed
2017
Most recent tax filings
2022-12-01
Description
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.
Total revenues
$85,000,000
2022
Total expenses
$35,783,003
2022
Total assets
$544,199,482
2022
Num. employees
1
2022

Program areas at Triumph Gulf Coast

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.

Grants made by Triumph Gulf Coast

GranteeGrant descriptionAmount
Florida Institute for Human and Machine Cognition (IHMC)Imhc Proposes To Establish A Center of Excellence Focused on Expanding Work Into the Cutting-Edge Field of Human Healthspan, Resilience and Performance. the Grant Will Assist in Operations, Purchasing New Equipment, and in Turn, Attract More Renowned Scientists and Researchers.$1,312,823
Florida State UniversityThe Grant Will Provide Funding for the Apalachicola Bay System Initiative (Absi) and Its Efforts To Obtain Solutions To the Ecosystem Decline and To Develop the Strategic and Implementation Plans Needed for Moving Towards Recovery. the Absi Is A Multidisciplinary Effort Designed To Gain An Understanding of the Current Distribution and Productivity of Oyster Populations Throughout Franklin County, the Forces Acting on Ecosystem Health, and the Best Practices for Restoration and Recovery That Will Improve Opportunities for Wild Harvest and Aquaculture of Oysters and Other Economically Important Species.$397,576
Florida's Great NorthwestThe Grant Will Fund A Joint Education Research and Marketing Project, Which Will Focus on Thre Areas: Return on Investment Analysis for Career and Technical Education Programs, Supply and Demand for Analysis for Industry Certifications, and Marketing and Promotion of Workforce Training Programs.$81,000

Personnel at Triumph Gulf Coast

NameTitleCompensation
Susan SkeltonExecutive Director$97,734
Reynolds HendersonTreasurer$0
David M BearChair / Board Member$0
J Collier MerrillVice Chair / Board Member$0
Don GaetzVice Chair$0

Financials for Triumph Gulf Coast

RevenuesFYE 12/2022
Total grants, contributions, etc.$85,000,000
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$85,000,000

Form 990s for Triumph Gulf Coast

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-10990View PDF
2020-122021-11-15990View PDF
2019-122021-02-19990View PDF
2018-122020-01-27990View PDF
...and 1 more Form 990
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 4, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
Land and water conservationEnvironmentHuman services
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 12007
Tallahassee, FL 32317
Metro area
Tallahassee, FL
County
Leon County, FL
Website URL
myfloridatriumph.com/ 
Phone
(850) 387-9405
IRS details
EIN
82-1840264
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C32: Water Resource, Wetlands Conservation and Management
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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