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← COMMUNITY FOUNDATION FOR BREVARD INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION FOR BREVARD INC.

Totals

Total revenue
$13,189,759
Total expenses
$5,088,609
Contributions and grants received
$12,292,166
Grants paid
$4,433,214
Program service revenue
$27,030
Investment income
$870,563
Other revenue
$0
Total assets, end of year
$34,989,677
Total liabilities, end of year
$2,335,934
Net assets or fund balances, end of year
$32,653,743
Program services expenses (Part IX)
$4,987,085
Management and general expenses
$101,524
Fundraising expenses
$0
Program service expenses (Part III)
$4,987,085

Program services were 98.0% 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.

  • 1f · All other contributions, gifts and grants

    $12,292,166

  • 1g · Noncash contributions included above

    $3,821,079

  • 2a · Program service revenue: AGENCY ADMINISTRATIVE FEE

    total $27,030 · excluded $27,030

  • 3 · Investment income

    total $689,995 · excluded $689,995

  • 7a · Gross sales of assets other than inventory

    securities $11,212,941

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

    securities $11,032,373

  • 7c · Gain or loss

    securities $180,568

  • 7d · Net gain or loss

    total $180,568 · related or exempt $180,568

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,415,482 · program services $4,415,482

  • 2 · Grants to domestic individuals

    total $17,732 · program services $17,732

  • 5 · Compensation of officers, directors and key employees

    total $165,000 · program services $140,250 · management and general $24,750

  • 7 · Other salaries and wages

    total $205,062 · program services $174,302 · management and general $30,760

  • 8 · Pension plan contributions

    total $9,121 · program services $7,753 · management and general $1,368

  • 9 · Other employee benefits

    total $4,221 · program services $3,589 · management and general $632

  • 10 · Payroll taxes

    total $27,246 · program services $23,159 · management and general $4,087

  • 11c · Fees: accounting

    total $13,478 · management and general $13,478

  • 11f · Fees: investment management

    total $128,960 · program services $128,960

  • 11g · Fees: other

    total $5,425 · program services $5,425

  • 13 · Office expenses

    total $4,638 · program services $3,247 · management and general $1,391

  • 14 · Information technology

    total $33,611 · program services $23,528 · management and general $10,083

  • 16 · Occupancy

    total $24,207 · program services $16,944 · management and general $7,263

  • 19 · Conferences, conventions and meetings

    total $6,579 · program services $4,605 · management and general $1,974

  • 22 · Depreciation, depletion and amortization

    total $1,482 · program services $445 · management and general $1,037

  • 23 · Insurance

    total $5,817 · program services $4,072 · management and general $1,745

  • 24a · Other expenses: COMMUNITY EDUCATION

    total $16,136 · program services $14,522 · management and general $1,614

  • 24b · Other expenses: ANNUITY EXPENSE

    total $1,830 · program services $1,830

  • 24c · Other expenses: UTILITIES

    total $1,771 · program services $1,240 · management and general $531

  • 24d · Other expenses: MISCELLANEOUS

    total $811 · management and general $811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $585,072 · end of year $442,335

  • 3 · Pledges and grants receivable

    end of year $23,899

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

    $30,454

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

    $30,454

  • 10c · Land, buildings and equipment, net

    beginning of year $1,482

  • 11 · Investments: publicly traded securities

    beginning of year $31,758,782 · end of year $34,521,843

  • 15 · Other assets

    beginning of year $1,600 · end of year $1,600

  • 21 · Escrow or custodial account liability

    beginning of year $2,735,611 · end of year $2,333,538

  • 25 · Other liabilities

    beginning of year $39,247 · end of year $2,396

  • 27 · Net assets without donor restrictions

    beginning of year $4,684,437 · end of year $32,625,080

  • 28 · Net assets with donor restrictions

    beginning of year $24,887,641 · end of year $28,663

Mission and programs · 2022

Mission

TO INSPIRE AND SUPPORT POWERFUL, REWARDING PHILANTHROPY TO MAKE BREVARD COUNTY A STRONGER, MORE VIBRANT COMMUNITY FOR ALL.

  • GRANTMAKING: COMMUNITY FOUNDATION FOR BREVARD ADMINISTERS MORE THAN 100 INDIVIDUAL, FAMILY, AND CORPORATE FUNDS, AND MANAGES MULTIPLE COMPETITIVE AND NON-COMPETITIVE GRANT PROGRAMS. BUILT ON ELEMENTS OF A THRIVING COMMUNITY AND GUIDED BY DONOR INTENT, THE GRANTS SUPPORT COMMUNITY NEEDS AND ISSUES LIKE ARTS AND CULTURE, BASIC HUMAN NEEDS, EDUCATION, ECONOMIC OPPORTUNITY, COMMUNITY LEADERSHIP, ENVIRONMENT AND ANIMAL WELFARE, MEDICAL RESEARCH, AND MORE. THE FOUNDATION'S STAFF AND VOLUNTEER ADVISORY COMMITTEES CARRY OUT STRATEGIES AND APPROVE GRANTS AND SCHOLARSHIPS. GRANTS SUPPORT CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF NONPROFIT ORGANIZATION; THE MAJORITY ARE LOCATED IN BREVARD COUNTY, BUT GRANTS CAN BE MADE TO ANY US-BASED CHARITY.

    Expenses $4,737,284 · Grants $4,433,214

  • ENGAGED PHILANTHROPY: AS PART OF OUR PERSONALIZED SERVICES TO DONORS, WE WORK CLOSELY WITH EVERY DONOR TO CONSULT ON THEIR UNIQUE PHILANTHROPIC NEEDS AND GOALS. OUR PROFESSIONAL STAFF PROVIDES INDIVIDUALIZED SUPPORT IN CREATING STRATEGIC GIVING PLANS, CONNECTING DONORS WITH ORGANIZATIONS AND TRENDS THAT MAY INTEREST THEM, AND ENGAGING FAMILY MEMBERS AND OTHER ADVISORS, AS APPROPRIATE. THE FOUNDATION OFFERS REGULAR EVENTS, TOURS, AND WORKSHOPS ON VARIOUS PHILANTHROPY-RELATED TOPICS.

    Expenses $249,801

As filed on the 2022 return.

Listed in Part VII

  • Theresa Grimison

    PRESIDENT/CE

    Total calculated
    $169,950
    From this org
    $165,000
    From related orgs
    $0
    Other
    $4,950

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $4,950
    Nontaxable benefits
    not reported
    Filer's total
    $169,950

  • Laura Chiesman

    DIRECTOR

    Total calculated
    $0

  • Keri K Donald

    DIRECTOR

    Total calculated
    $0

  • Kit Fisher

    DIRECTOR

    Total calculated
    $0

  • Robin L Fisher

    DIRECTOR

    Total calculated
    $0

  • Shirley Friedland

    DIRECTOR

    Total calculated
    $0

  • Jennifer Griffin

    TREASURER

    Total calculated
    $0

  • Doug G Holton

    DIRECTOR

    Total calculated
    $0

  • Robert J Naberhaus III

    PAST CHAIR

    Total calculated
    $0

  • Anne J McPhee

    DIRECTOR

    Total calculated
    $0

  • Kelli Peck

    DIRECTOR

    Total calculated
    $0

  • Elizabeth O Shorr

    SECRETARY

    Total calculated
    $0

  • Amanda G Smith

    CHAIR

    Total calculated
    $0

  • James F Suplee

    DIRECTOR

    Total calculated
    $0

  • Scott Sorensen

    DIRECTOR

    Total calculated
    $0

  • Myles H Wilkinson

    VICE CHAIR

    Total calculated
    $0

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2023
IRS schema version
2022v5.0
Source object
202440459349300314

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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