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Nonprofiteer
← THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC

Form 990 for tax year 2022

Filed by THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC.

Totals

Total revenue
$63,356,535
Total expenses
$63,450,687
Contributions and grants received
$54,883,368
Grants paid
$57,032,806
Program service revenue
$0
Investment income
$8,347,001
Other revenue
$126,166
Total assets, end of year
$548,390,568
Total liabilities, end of year
$32,248,840
Net assets or fund balances, end of year
$516,141,728
Program services expenses (Part IX)
$59,322,549
Management and general expenses
$3,489,938
Fundraising expenses
$638,200
Program service expenses (Part III)
$59,322,549

Program services were 93.5% 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.

  • 1a · Federated campaigns

    $13,078

  • 1f · All other contributions, gifts and grants

    $54,870,290

  • 1g · Noncash contributions included above

    $15,168,556

  • 3 · Investment income

    total $11,669,546 · excluded $11,669,546

  • 7a · Gross sales of assets other than inventory

    securities $124,321,357 · other assets $431,049

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

    securities $127,639,951 · other assets $435,000

  • 7c · Gain or loss

    securities -$3,318,594 · other assets -$3,951

  • 7d · Net gain or loss

    total -$3,322,545 · excluded -$3,322,545

  • 11a · Other revenue: K-1 PARTNERSHIPS PASSTHROUGH

    total $2,787,011 · unrelated business $2,787,011

  • 11b · Other revenue: OTHER INCOME

    total $155,760 · related or exempt $155,760

  • 11c · Other revenue: CHANGE IN SPLIT-INTEREST AGREEMEN

    total -$2,816,605 · related or exempt -$2,816,605

  • 11e · Other revenue, total

    $126,166

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,841,719 · program services $56,841,719

  • 2 · Grants to domestic individuals

    total $191,087 · program services $191,087

  • 5 · Compensation of officers, directors and key employees

    total $1,093,052 · program services $435,372 · management and general $309,581 · fundraising $348,099

  • 7 · Other salaries and wages

    total $1,547,064 · program services $817,321 · management and general $634,945 · fundraising $94,798

  • 8 · Pension plan contributions

    total $142,311 · program services $72,204 · management and general $61,117 · fundraising $8,990

  • 9 · Other employee benefits

    total $140,911 · program services $72,730 · management and general $60,747 · fundraising $7,434

  • 10 · Payroll taxes

    total $173,209 · program services $86,374 · management and general $62,726 · fundraising $24,109

  • 11b · Fees: legal

    total $34,550 · management and general $34,550

  • 11c · Fees: accounting

    total $129,345 · management and general $129,345

  • 11f · Fees: investment management

    total $1,850,509 · management and general $1,850,509

  • 11g · Fees: other

    total $47,625 · program services $43,626 · management and general $3,999

  • 13 · Office expenses

    total $66,410 · program services $38,010 · management and general $19,636 · fundraising $8,764

  • 14 · Information technology

    total $279,540 · program services $181,701 · management and general $55,908 · fundraising $41,931

  • 16 · Occupancy

    total $240,726 · program services $105,137 · management and general $83,874 · fundraising $51,715

  • 17 · Travel

    total $7,088 · program services $4,607 · management and general $1,418 · fundraising $1,063

  • 19 · Conferences, conventions and meetings

    total $42,421 · program services $27,086 · management and general $9,084 · fundraising $6,251

  • 22 · Depreciation, depletion and amortization

    total $24,859 · program services $10,497 · management and general $8,912 · fundraising $5,450

  • 23 · Insurance

    total $16,685 · program services $2,899 · management and general $12,281 · fundraising $1,505

  • 24a · Other expenses: PROGRAM EXPENSES

    total $276,782 · program services $276,782

  • 24b · Other expenses: REPORTS TO COMMUNITY/MA

    total $117,950 · program services $51,067 · management and general $41,349 · fundraising $25,534

  • 24c · Other expenses: FOREIGN TAXES

    total $69,203 · management and general $69,203

  • 24d · Other expenses: DUES AND REGISTRATIONS

    total $60,806 · program services $39,524 · management and general $12,161 · fundraising $9,121

  • 24e · All other expenses

    total $56,835 · program services $24,806 · management and general $28,593 · fundraising $3,436

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $45,113,950 · end of year $55,003,036

  • 3 · Pledges and grants receivable

    beginning of year $279,291 · end of year $302,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,403 · end of year $66,822

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

    $1,133,139

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

    $620,699

  • 10c · Land, buildings and equipment, net

    beginning of year $534,349 · end of year $512,440

  • 11 · Investments: publicly traded securities

    beginning of year $474,724,813 · end of year $388,156,594

  • 12 · Investments: other securities

    beginning of year $96,312,540 · end of year $92,916,197

  • 15 · Other assets

    beginning of year $13,327,741 · end of year $11,432,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $274,096 · end of year $686,175

  • 18 · Grants payable

    beginning of year $4,062,297 · end of year $7,955,753

  • 19 · Deferred revenue

    beginning of year $300,122 · end of year $1,006,779

  • 21 · Escrow or custodial account liability

    beginning of year $20,264,088 · end of year $18,094,996

  • 25 · Other liabilities

    beginning of year $639,975 · end of year $4,505,137

  • 27 · Net assets without donor restrictions

    beginning of year $597,314,649 · end of year $511,947,430

  • 28 · Net assets with donor restrictions

    beginning of year $7,511,860 · end of year $4,194,298

Mission and programs · 2022

Mission

WE SERVE THE CITIZENS OF NORTHEAST FLORIDA THROUGH A RANGE OF CHARITABLE AND CIVIC ACTIVITIES WHILE HELPING INDIVIDUALS ACHIEVE THEIR PHILANTHROPIC GOALS.

Activities or mission (Part I)

OUR MISSION IS TO STIMULATE PHILANTHROPY TO BUILD A BETTER COMMUNITY THROUGH GRANTMAKING THAT IS FAIR AND THOUGHTFUL, INNOVATIVE SERVICE TO THE COMMUNITY THROUGH LEADERSHIP AND COLLABORATION, AND SELF GOVERNANCE THAT RESPECTS THE INTENT OF THE DONOR AND PUTS COMMUNITY FIRST.

  • BUILDING A BETTER COMMUNITY: THE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE CHANNELS. THE GREATEST NUMBER AWARDED ARE NON-COMPETITIVE ADVISED, WHEREBY GRANT INVESTMENTS ARE ADVISED BY DONORS. OTHER GRANTS, THOSE WHERE PROSPECTIVE GRANTEES SUBMIT PROPOSALS FOR REVIEW, ARE MADE TO NUMEROUS ORGANIZATIONS IN NORTHEAST FLORIDA, WITH PRIMARY EMPHASIS GIVEN TO: SUPPORTING PUBLIC EDUCATION REFORM; NONPROFIT CAPACITY BUILDING; STRENGTHENING NEIGHBORHOODS; IMPROVING THE QUALITY OF LIFE FOR AGING ADULTS; THE ARTS; WOMEN AND GIRLS; INFANTS AND YOUNG CHILDREN; EARLY LITERACY; DIVERSITY AND INCLUSION. THE FOUNDATION ALSO SERVES AS A CIVIC LEADER, USING ITS LOCAL KNOWLEDGE, NETWORKS, INFLUENCE AND CREATIVITY TO BRING PEOPLE TOGETHER IN WAYS THAT WILL IMPROVE THE COMMUNITY'S QUALITY OF LIFE TODAY AND IN THE FUTURE.

    Expenses $58,254,523 · Grants $57,032,806

  • STIMULATING PHILANTHROPY: THE FOUNDATION SEEKS TO BE A PARTNER WITH THOSE WHO HAVE PHILANTHROPIC RESOURCES, AND TO HELP THEM WITH STRATEGIES FOR INVESTING IN ORGANIZATIONS AND INSTITUTIONS THAT CAN BUILD A BETTER COMMUNITY. IN MAKING THESE CONNECTIONS, THE FOUNDATION BOTH EQUIPS DONORS TO FOLLOW THEIR PERSONAL PATHS, AND SERVES AS A COMMUNITY LEADER, USING AGGREGATED PHILANTHROPIC RESOURCES TO OPEN NEW PATHWAYS TO SUCCESS.

    Expenses $1,068,026 · Revenue $155,760

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George M Egan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol Alexander

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Brian J Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Martha Frye Baker

    CHAIR/TRUSTEE/VP

    Total calculated
    $0
    Hours/week
    2

  • Michael Dubow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Solomon G Brotman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Halsey Wise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Harrell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Julia Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Sisisky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lauren Rueger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Hill Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Meyers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Buddy Schulz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Velma Monterio-Tribble

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nina M Waters

    PRESIDENT

    Total calculated
    $382,032
    From this org
    $337,266
    From related orgs
    $0
    Other
    $44,766
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $329,316
    Bonus
    $0
    Other
    $7,950
    Deferred
    $33,636
    Nontaxable benefits
    $11,130
    Filer's total
    $382,032

  • Grace M Sacerdote

    EVP&CFO/TREASURER

    Total calculated
    $262,399
    From this org
    $218,888
    From related orgs
    $0
    Other
    $43,511
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,209
    Bonus
    $0
    Other
    $2,679
    Deferred
    $23,078
    Nontaxable benefits
    $20,433
    Filer's total
    $262,399

  • Joanne Cohen

    VP/ASSISTANT SECRETARY

    Total calculated
    $100,845
    From this org
    $80,866
    From related orgs
    $0
    Other
    $19,979
    Hours/week
    45

  • John Zell

    VP/SECRETARY

    Total calculated
    $165,496
    From this org
    $139,515
    From related orgs
    $0
    Other
    $25,981
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,013
    Bonus
    $0
    Other
    $2,502
    Deferred
    $15,538
    Nontaxable benefits
    $10,443
    Filer's total
    $165,496

  • Kathleen Shaw

    VP

    Total calculated
    $178,590
    From this org
    $149,379
    From related orgs
    $0
    Other
    $29,211
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,843
    Bonus
    $0
    Other
    $2,536
    Deferred
    $16,829
    Nontaxable benefits
    $12,382
    Filer's total
    $178,590

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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.

  • THE COMMUNITY FOUNDATION FOR NE FLORIDA RE LLC

    REAL ESTATE INVESTMENT · FL · assets $100

    Directly controlled by THE COMMUNITY FOUNDATION OF NORTHEAST FLORIDA INC

  • BALDWIN BAY PROPERTIES LLC

    REAL ESTATE INVESTMENT · FL · assets $470,512

    Directly controlled by THE COMMUNITY FOUNDATION OF NORTHEAST FLORIDA INC

  • THE COMMUNITY FOUNDATION FOR NE FLORIDA RE #2 LLC

    REAL ESTATE INVESTMENT · FL · income $125,000

    Directly controlled by THE COMMUNITY FOUNDATION OF NORTHEAST FLORIDA INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD TRUSTS (2)

    T · LEAD TRUSTS · FL

  • CHARITABLE REMAINDER TRUSTS (2)

    T · REMAINDER TRUSTS · FL

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349308704

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