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Nonprofiteer
← SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$28,118,994
Total expenses
$17,300,901
Contributions and grants received
$19,984,361
Grants paid
$8,465,141
Program service revenue
$0
Investment income
$8,152,026
Other revenue
-$17,393
Total assets, end of year
$162,968,322
Total liabilities, end of year
$7,887,712
Net assets or fund balances, end of year
$155,080,610
Program services expenses (Part IX)
$14,371,855
Management and general expenses
$2,320,327
Fundraising expenses
$608,719
Program service expenses (Part III)
$14,371,855

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $11,009,038

  • 1f · All other contributions, gifts and grants

    $8,975,323

  • 1g · Noncash contributions included above

    $3,129,357

  • 3 · Investment income

    total $3,384,788 · excluded $3,384,788

  • 6a · Gross rents

    real property $103,230

  • 6b · Less rental expenses

    real property $503,385

  • 6c · Rental income or loss

    real property -$400,155

  • 6d · Net rental income or loss

    total -$400,155 · unrelated business -$400,155

  • 7a · Gross sales of assets other than inventory

    securities $15,264,086 · other assets $8,792,149

  • 7b · Less cost or other basis and sales expenses

    securities $9,666,739 · other assets $9,622,258

  • 7c · Gain or loss

    securities $5,597,347 · other assets -$830,109

  • 7d · Net gain or loss

    total $4,767,238 · related or exempt -$830,109 · excluded $5,597,347

  • 11a · Other revenue: REIMBURSEMENT INCOME

    total $284,151 · related or exempt $284,151

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $98,611 · related or exempt $98,611

  • 11e · Other revenue, total

    $382,762

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,222,871 · program services $7,222,871

  • 2 · Grants to domestic individuals

    total $1,242,270 · program services $1,242,270

  • 5 · Compensation of officers, directors and key employees

    total $1,004,718 · program services $675,477 · management and general $259,629 · fundraising $69,612

  • 7 · Other salaries and wages

    total $1,626,849 · program services $1,093,739 · management and general $420,394 · fundraising $112,716

  • 8 · Pension plan contributions

    total $44,067 · program services $29,627 · management and general $11,387 · fundraising $3,053

  • 9 · Other employee benefits

    total $235,387 · program services $158,252 · management and general $60,826 · fundraising $16,309

  • 10 · Payroll taxes

    total $126,836 · program services $85,273 · management and general $32,776 · fundraising $8,787

  • 11c · Fees: accounting

    total $97,050 · program services $65,247 · management and general $25,079 · fundraising $6,724

  • 11d · Fees: lobbying

    total $50,000 · management and general $50,000

  • 11f · Fees: investment management

    total $366,940 · program services $246,696 · management and general $94,821 · fundraising $25,423

  • 11g · Fees: other

    total $2,609,671 · program services $1,754,496 · management and general $674,365 · fundraising $180,810

  • 13 · Office expenses

    total $160,283 · program services $107,759 · management and general $41,419 · fundraising $11,105

  • 14 · Information technology

    total $338,097 · program services $227,304 · management and general $87,368 · fundraising $23,425

  • 16 · Occupancy

    total $244,480 · program services $164,365 · management and general $63,176 · fundraising $16,939

  • 17 · Travel

    total $15,554 · program services $10,457 · management and general $4,019 · fundraising $1,078

  • 19 · Conferences, conventions and meetings

    total $95,972 · program services $64,523 · management and general $24,800 · fundraising $6,649

  • 20 · Interest

    total $67,298 · program services $45,245 · management and general $17,390 · fundraising $4,663

  • 22 · Depreciation, depletion and amortization

    total $140,126 · program services $94,207 · management and general $36,210 · fundraising $9,709

  • 23 · Insurance

    total $127,442 · program services $85,680 · management and general $32,932 · fundraising $8,830

  • 24a · Other expenses: ALLOWANCE FOR CREDIT LO

    total $714,958 · program services $480,670 · management and general $184,752 · fundraising $49,536

  • 24b · Other expenses: DIRECT PROGRAM EXPENSES

    total $478,104 · program services $321,432 · management and general $123,547 · fundraising $33,125

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $76,974 · program services $51,750 · management and general $19,891 · fundraising $5,333

  • 24d · Other expenses: DONOR RELATIONS

    total $59,812 · program services $40,212 · management and general $15,456 · fundraising $4,144

  • 24e · All other expenses

    total $155,142 · program services $104,303 · management and general $40,090 · fundraising $10,749

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,527,252 · end of year $1,906,803

  • 3 · Pledges and grants receivable

    beginning of year $1,692,668 · end of year $1,404,592

  • 4 · Accounts receivable

    beginning of year $466,724 · end of year $623,439

  • 7 · Other notes and loans receivable

    beginning of year $7,711,376 · end of year $1,193,803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,513 · end of year $153,470

  • 10a · Land, buildings and equipment: cost or other basis

    $11,954,091

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,343,388

  • 10c · Land, buildings and equipment, net

    beginning of year $1,946,599 · end of year $9,610,703

  • 11 · Investments: publicly traded securities

    beginning of year $115,689,011 · end of year $127,645,054

  • 15 · Other assets

    beginning of year $27,884,588 · end of year $20,430,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,318 · end of year $340,520

  • 18 · Grants payable

    beginning of year $2,087,269 · end of year $2,282,303

  • 19 · Deferred revenue

    beginning of year $414,358 · end of year $873,659

  • 21 · Escrow or custodial account liability

    beginning of year $2,639,537 · end of year $2,805,583

  • 23 · Secured mortgages and notes payable

    beginning of year $7,300,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,587,364 · end of year $1,585,647

  • 27 · Net assets without donor restrictions

    beginning of year $91,779,210 · end of year $121,132,424

  • 28 · Net assets with donor restrictions

    beginning of year $36,260,664 · end of year $23,561,460

Mission and programs · 2023

Mission

SEE SCHEDULE OCOLLABORATORY IS A COMMUNITY FOUNDATION WITH AN EVOLVED MISSION COMMITTED TO COORDINATING THE SOLVING OF SOUTHWEST FLORIDA'S MAJOR SOCIAL PROBLEMS BY 2040. SINCE OUR FOUNDING IN 1976, WE HAVE BEEN SUPPORTING LOCAL CAUSES AND NONPROFIT WORK, BUT UNFORTUNATELY, MANY OF OUR SOCIAL ISSUES CONTINUE TO STAY THE SAME OR GET WORSE. WE BELIEVE STRONGLY IN THE TRADITIONAL WORK WE DO BUT ARE ALSO COMMITTED TO MAKING A DEEPER IMPACT GOING TO THE ROOT CAUSE OF THE SOCIAL ISSUES PLAGUING OUR REGION. WE ARE A COMMUNITY FOUNDATION WITH OVER $100 MILLION GRANTED OVER THE YEARS, JOINED WITH A MUCH LARGER EFFORT IN COMMUNITY LEADERSHIP. BY BRINGING PEOPLE TOGETHER, WE'RE TACKLING THE ROOT CAUSE AND UPSTREAM ISSUES THAT MAKE THESE GRANTS NECESSARY.

Activities or mission (Part I)

THE SOUTHWEST FLORIDA COMMUNITY FOUNDATION'S MISSION IS TO SOLVE ALL SOCIAL ISSUES IN SOUTHWEST FLORIDA BY 2040.

  • NON-COMPETITIVE GRANTS ARE PROCESSED THROUGH DESIGNATED, AGENCY, AND DONOR ADVISED FUNDS. DESIGNATED AND AGENCY FUNDS ARE GENERALLY DISTRIBUTED DURING FIRST QUARTER OF THE CALENDAR YEAR, UNLESS SPECIFIED BY A DISTRIBUTION PAYMENT SCHEDULE. DONOR ADVISED FUNDS ARE PROCESSED THROUGHOUT THE YEAR. DONOR ADVISORS MAY RECOMMEND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS, BUT THE FOUNDATION, DBA COLLABORATORY RETAINS FULL DISCRETION OF DISBURSEMENT APPROVALS.

    Expenses $6,133,817 · Grants $3,476,571

  • SCHOLARSHIP FUNDS ARE DESIGNED TO MEET THE DONOR'S INTENT AND WISHES. SCHOLARSHIP AWARDS MADE THROUGH THE FOUNDATION'S, DBA COLLABORATORY SCHOLARSHIP PROGRAM FOLLOWING GUIDELINES AND PROCESSES THAT INCLUDE APPLICATIONS, NONDISCRIMINATORY SELECTIONS, AND PAYMENT EXECUTION PROCESSES. THE FOUNDATION, DBA COLLABORATORY DISTRIBUTES SCHOLARSHIP AWARDS DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF THE AWARDED STUDENT. THE SCHOLARSHIP PROCESS HAS BEEN REFINED TO INCREASE MULTI-YEAR SCHOLARSHIPS, TO ASSIST ALL STUDENT APPLICANTS (REGARDLESS OF RACE, ETHNICITY, GENDER, ETC.) BY OPENING MORE SCHOLARSHIP FUNDING OPPORTUNITIES BASED ON THE STUDENT APPLICANT'S ELIGIBILITY, AND TO ASSIST STUDENTS SEEKING CERTIFICATIONS FROM TECHNICAL COLLEGES.

    Expenses $1,574,966 · Grants $935,699

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,541,194 · Grants $915,634

  • COLLABORATORY RECEIVES, DISTRIBUTES AND ADMINISTERS PROGRAM FUNDS TO SUPPORT THE REGION BY BUILDING A STRONGER NETWORK FOR COLLABORATIVE LEADERSHIP.

    Expenses $5,121,878 · Grants $3,137,237

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dawn Belamarich

    CHAIR/ PRESIDENT(AS OF 9/5/23)

    Total calculated
    $98,906
    From this org
    $90,959
    From related orgs
    $0
    Other
    $7,947
    Hours/week
    55 + 6 related

  • Gail Markham

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Gary Griffin

    VICE CHAIR AND SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Aysegul Timur

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Malike Adigun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Chauncey Goss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dale Reiss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Fred Moon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Harrison S Knight

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Karen Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Juan Bendeck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Julie Ben-Susan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Khandyce Mosely

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Lillie Rentz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Laurem Drasites

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Rosemary Fllori

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Sally Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Suzanne Boy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Terry Mazany

    CHIEF COLLABORATION OFFICER

    Total calculated
    $201,626
    From this org
    $194,712
    From related orgs
    $0
    Other
    $6,914
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $194,712
    Bonus
    $0
    Other
    $0
    Deferred
    $5,885
    Nontaxable benefits
    $1,029
    Filer's total
    $201,626

  • Marina Nassif

    CFO

    Total calculated
    $158,147
    From this org
    $139,769
    From related orgs
    $0
    Other
    $18,378
    Hours/week
    50 + 7 related

    Schedule J breakdown matched by us

    Base
    $139,769
    Bonus
    $0
    Other
    $0
    Deferred
    $5,775
    Nontaxable benefits
    $12,603
    Filer's total
    $158,147

  • Tessa Lesage

    CHIEF IMPACT OFFICER

    Total calculated
    $188,275
    From this org
    $168,423
    From related orgs
    $0
    Other
    $19,852
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,423
    Bonus
    $0
    Other
    $0
    Deferred
    $6,937
    Nontaxable benefits
    $12,915
    Filer's total
    $188,275

  • Jonathon Romine

    CHIEF OPERATIONS OFFICER

    Total calculated
    $177,854
    From this org
    $159,577
    From related orgs
    $0
    Other
    $18,277
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,577
    Bonus
    $0
    Other
    $0
    Deferred
    $6,575
    Nontaxable benefits
    $11,702
    Filer's total
    $177,854

  • Joseph Braun

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $0
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BONITA SPRINGS COMMUNITY FOUNDATION LLC

    INACTIVE · FL

    Directly controlled by COLLABORATORY

  • COMMUNITY FOUNDATION OF SANIBEL-CAPTIVA LLC

    INACTIVE · FL

    Directly controlled by COLLABORATORY

  • WOMEN'S LEGACY FUND LLC

    INACTIVE · FL

    Directly controlled by COLLABORATORY

  • WOMEN'S LEGACY FUND OF SOUTHWEST FLORIDA LLC

    INACTIVE · FL

    Directly controlled by COLLABORATORY

  • GOOD NEIGHBOR COMMUNITY FOUNDATION OF SANIBEL-CAPTIVA LLC

    INACTIVE · FL

    Directly controlled by COLLABORATORY

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202433139349304218

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