Form 990 for tax year 2023

Totals

Total revenue

$8,297,039

Total expenses

$3,716,205

Contributions and grants received

$3,609,859

Grants paid

$2,782,334

Program service revenue

$348,670

Investment income

$847,249

Other revenue

$3,491,261

Total assets, end of year

$29,010,748

Total liabilities, end of year

$5,274,195

Net assets or fund balances, end of year

$23,736,553

Program services expenses (Part IX)

$3,446,640

Management and general expenses

$121,706

Fundraising expenses

$147,859

Program service expenses (Part III)

$3,446,640

Program services were 92.7% 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.

Mission and programs · 2023

• PHILANTHROPIC SERVICES - THE COMMUNITY FOUNDATION IS DEEPLY COMMITTED TO ENHANCING THE QUALITY OF LIFE IN MONROE COUNTY, FLORIDA, BOTH NOW AND FOR GENERATIONS TO COME. THROUGH FOSTERING PHILANTHROPY, IT ACTIVELY CONNECTS ACTS OF COMPASSION TO THE SPECIFIC NEEDS OF THE COMMUNITY. COLLABORATING CLOSELY WITH INDIVIDUALS, THE FOUNDATION HELPS SHAPE PHILANTHROPIC PLANS TO BOLSTER NONPROFIT PROGRAMS ACROSS THE FLORIDA KEYS. A TOTAL OF 446 GRANTS MADE IN 2023 PROVIDED SUPPORT FOR DIVERSE CAUSES, INCLUDING ANIMAL WELFARE, ARTS AND CULTURE, EDUCATION, ENVIRONMENTAL PRESERVATION, HEALTH AND HUMAN SERVICES, HOUSING, MUSIC, RECREATION, SCHOLARSHIPS, TEACHER AWARDS AND YOUTH PROGRAMS. THE MAJORITY OF THESE 1.8 MILLION IN GRANTS STEMMED FROM THE THOUGHTFUL RECOMMENDATIONS OF DONOR ADVISORS AND NOT-FOR-PROFIT ENTITIES. THE FOUNDATION EMPOWERS NONPROFIT ORGANIZATIONS BY ASSISTING THEM IN ESTABLISHING ENDOWMENTS AND OPERATIONAL RESERVE FUNDS. IN THE YEAR 2023 ALONE, 24 NEW FUNDS WERE OPENED, SEVEN (7) OF WHICH ARE PERMANENT ENDOWMENTS FOR THE BENEFIT OF THE FLORIDA KEYS IN PERPETUITY.

  Expenses $3,369,469 · Grants $2,782,334 · Revenue $333,090

• CENTER FOR NONPROFIT EXCELLENCE - EMPOWERING THE FLORIDA KEYS' NONPROFIT ORGANIZATIONS, THE COMMUNITY FOUNDATION OFFERS AN ARRAY OF INVALUABLE RESOURCES AND SERVICES AIMED AT FOSTERING STRONG LEADERSHIP AND EFFECTIVE MANAGEMENT. AT THE HEART OF THIS EFFORT LIES THE ANNUAL LEADERSHIP SUCCESS ACADEMY, A CRUCIAL PROGRAM DEDICATED TO EQUIPPING NONPROFIT BOARD MEMBERS WITH ESSENTIAL LEADERSHIP AND GOVERNANCE SKILLS. IN MARCH 2023, 43 LOCAL NON PROFIT LEADERS GRADUATED FROM TRAINING, HELD AT THE TENNESSEE WILLIAMS THEATRE IN KEY WEST. A TRUE BEACON OF RECOGNITION FOR LOCAL VOLUNTEERS, THE COMMUNITY FOUNDATION HAS BEEN HOSTING THE ESTEEMED UNSUNG HEROES CELEBRATION FOR 23 YEARS NOW, WITH 73 INSPIRING NONPROFITS PARTICIPATING IN THE 2023 EVENT. THE COMMITMENT TO PROMOTING VOLUNTEERISM WAS CELEBRATED WITH THE ONE YEAR ANIVERSARY OF THE FLORIDA KEYS VOLUNTEER CENTER-A DEDICATED ONLINE PLATFORM, VOLUNTEERKEYS.COM.

  Expenses $77,171 · Revenue $15,580

• UNMET COMMUNITY NEEDS - EVER-VIGILANT TO THE PRESSING NEEDS OF THE COMMUNITY, THE COMMUNITY FOUNDATION CONSISTENTLY IDENTIFIES AND ADDRESSES UNMET GAPS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND COMPASSIONATE INDIVIDUALS. THE FOUNDATION CONTINUES TO SUSTAIN REGIONAL ADVISORY COUNCILS IN THE UPPER, MIDDLE, AND LOWER KEYS, WHICH PLAY A VITAL ROLE IN IDENTIFYING AND RESPONDING TO UNIQUE CHALLENGES IN THESE RESPECTIVE AREAS. THE FOUNDATION FACILITATED A 1:1 MATCHING PROGRAM THROUGHOUT 2023, EFFECTIVELY MULTIPLYING THE IMPACT OF DONORS' CONTRIBUTIONS TO THE UPPER KEYS FUTURE FUND, MIDDLE KEYS FUTURE FUND, AND LOWER KEYS FUTURE FUND. A TOTAL OF 48,300 IN GRANTS WERE INVESTED IN THE COMMUNITY THROUGH THESE THREE REGIONAL FUNDS. DEMONSTRATING ITS COMMITMENT TO SERVING THE ENTIRE COUNTY, IN 2023 THE FOUNDATION HIRED A FULL-TIME VICE PRESIDENT FOR PHILANTHROPY BASED IN ISLAMORADA, TO BETTER IDENTIFY AND SERVE THE NEEDS OF RESIDENTS IN THE UPPER AND MIDDLE FLORIDA KEYS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• SEE ATTACHED SCHEDULE 1

  $2,782,334

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.

Provenance

Return type

form_990

Tax year

2023

Filed

13 September 2024

IRS schema version

2023v5.0

Source object

202422579349301477

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