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Nonprofiteer
← CENTRAL FLORIDA FOUNDATION INC

Form 990 for tax year 2023

Filed by CENTRAL FLORIDA FOUNDATION INC.

Totals

Total revenue
$9,187,304
Total expenses
$12,142,782
Contributions and grants received
$5,862,447
Grants paid
$9,613,124
Program service revenue
$18,500
Investment income
$3,245,620
Other revenue
$60,737
Total assets, end of year
$98,712,106
Total liabilities, end of year
$2,693,740
Net assets or fund balances, end of year
$96,018,366
Program services expenses (Part IX)
$11,042,206
Management and general expenses
$624,769
Fundraising expenses
$475,807
Program service expenses (Part III)
$11,042,206

Program services were 90.9% 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)

    $2,382,500

  • 1f · All other contributions, gifts and grants

    $3,479,947

  • 1g · Noncash contributions included above

    $258,061

  • 2a · Program service revenue: GRANTMAKING SERVICES REVENUE

    total $18,500 · related or exempt $18,500

  • 3 · Investment income

    total $2,092,002 · excluded $2,092,002

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $22,288,056

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

    securities $21,134,438

  • 7c · Gain or loss

    securities $1,153,618

  • 7d · Net gain or loss

    total $1,153,618 · excluded $1,153,618

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: EVENTS INCOME

    total $717 · excluded $717

  • 11b · Other revenue: OTHER OPERATING INCOME

    total $33,860 · excluded $33,860

  • 11c · Other revenue: INTEREST EARNED ON LOANS

    total $7,150 · excluded $7,150

  • 11d · All other revenue

    total $19,010 · excluded $19,010

  • 11e · Other revenue, total

    $60,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,439,654 · program services $9,439,654

  • 2 · Grants to domestic individuals

    total $173,470 · program services $173,470

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $634,692 · program services $347,537 · management and general $122,273 · fundraising $164,882

  • 6 · Compensation of disqualified persons

    total $454,785 · program services $224,979 · management and general $122,758 · fundraising $107,048

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $39,287 · program services $20,645 · management and general $8,836 · fundraising $9,806

  • 9 · Other employee benefits

    total $238,091 · program services $125,116 · management and general $53,548 · fundraising $59,427

  • 10 · Payroll taxes

    total $76,764 · program services $40,339 · management and general $17,265 · fundraising $19,160

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $35,761 · management and general $35,761

  • 11d · Fees: lobbying

    total $3,375 · management and general $3,375

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $280,578 · program services $280,578

  • 11g · Fees: other

    total $220,546 · program services $220,546

  • 12 · Advertising and promotion

    total $63,952 · program services $5,527 · fundraising $58,425

  • 13 · Office expenses

    total $86,980 · program services $41,355 · management and general $40,966 · fundraising $4,659

  • 14 · Information technology

    total $105,348 · program services $56,728 · management and general $25,315 · fundraising $23,305

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $139,756 · program services $17,415 · management and general $115,359 · fundraising $6,982

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $34,613 · program services $21,270 · management and general $6,567 · fundraising $6,776

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $27,924 · program services $14,674 · management and general $6,280 · fundraising $6,970

  • 23 · Insurance

    total $23,034 · management and general $23,034

  • 24a · Other expenses: LICENSES AND FEES

    total $15,910 · program services $0 · management and general $15,910 · fundraising $0

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $12,199 · program services $550 · management and general $10,095 · fundraising $1,554

  • 24c · Other expenses: MAINTENANCE

    total $8,015 · program services $0 · management and general $8,015 · fundraising $0

  • 24d · Other expenses: PARKING AND MILEAGE

    total $13,476 · program services $6,355 · management and general $4,237 · fundraising $2,884

  • 24e · All other expenses

    total $14,572 · program services $5,468 · management and general $5,175 · fundraising $3,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $990,410 · end of year $5,564,381

  • 2 · Savings and temporary cash investments

    beginning of year $5,724,228 · end of year $1,606,255

  • 3 · Pledges and grants receivable

    beginning of year $2,868,598 · end of year $1,138,460

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,051 · end of year $11,812

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

    $143,680

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

    $74,899

  • 10c · Land, buildings and equipment, net

    beginning of year $85,198 · end of year $68,781

  • 11 · Investments: publicly traded securities

    beginning of year $82,545,732 · end of year $74,642,092

  • 12 · Investments: other securities

    beginning of year $641,385 · end of year $14,434,907

  • 13 · Investments: program-related

    beginning of year $15,522,111 · end of year $445,180

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $920,251 · end of year $800,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,536 · end of year $117,504

  • 18 · Grants payable

    beginning of year $4,977,049 · end of year $1,727,381

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $986,347 · end of year $848,855

  • 27 · Net assets without donor restrictions

    beginning of year $100,772,381 · end of year $95,149,355

  • 28 · Net assets with donor restrictions

    beginning of year $2,461,651 · end of year $869,011

Mission and programs · 2023

Mission

AS OUR REGION'S COMMUNITY FOUNDATION, CENTRAL FLORIDA FOUNDATION SERVES AS A LAUNCHPAD FOR HIGH-IMPACT PHILANTHROPY THROUGH THE COLLECTIVE POWER OF HEAD, HEART AND DOLLAR, TARGETING TODAY'S MOST CRITICAL CHALLENGES.

Activities or mission (Part I)

AS CENTRAL FLORIDA'S COMMUNITY FOUNDATION, WE FOCUS ON BUILDING COMMUNITY BY BUILDING PHILANTHROPY.

  • THE FOUNDATION GAVE GRANTS TO 376 NONPROFITS FOR A VARIETY OF CHARITABLE PURPOSES IN CENTRAL FLORIDA AND ACROSS THE UNITED STATES. THESE GRANTS HELP TO ADDRESS A VARIETY OF AREAS FROM THE DAY TO DAY OPERATING NEEDS OF NONPROFITS ALL THE WAY TO ADDRESSING THE ROOT CAUSES OF THE MOST PRESSING SOCIAL ISSUES IN CENTRAL FLORIDA. THE GRANT-MAKING PROGRAM INCLUDES AWARDING SCHOLARSHIPS TO STUDENTS FURTHERING THEIR EDUCATION THROUGH TECHNICAL AND CAREER EDUCATION, UNDERGRADUATE AND GRADUATE PROGRAMS LOCALLY AND BEYOND.

    Expenses $10,075,516 · Grants $9,613,124 · Revenue $18,500

  • THE FOUNDATION STEWARDS CHARITABLE FUNDS FOR INDIVIDUALS, FAMILIES, BUSINESSES, GOVERNMENTS AND ORGANIZATIONS TO HELP THEM ADDRESS THE SOCIAL ISSUES THAT MATTER MOST TO THEM IN CENTRAL FLORIDA AND BEYOND. THIS PROGRAM ALSO HELPS PEOPLE TO CONSIDER THEIR LEGACY AND HOW IT WILL LIVE ON AFTER THEIR PASSING TO IMPROVE THE QUALITY OF LIFE IN CENTRAL FLORIDA.

    Expenses $577,248

  • RALLY: THE SOCIAL ENTERPRISE ACCELERATOR COMBINES EXPERIENCE, MENTORSHIP, RESOURCES, COMMUNITY, NETWORKING, AND FUNDING TO HELP EARLY-STAGE SOCIAL ENTREPRENEURS DEVELOP THEIR IDEAS AND BUILD SUSTAINABLE VENTURES THAT MAKE A DIFFERENCE IN THE COMMUNITY.

    Expenses $294,144

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

Listed in Part VII

  • MARK BREWER

    PRESIDENT/CEO

    Total calculated
    $247,575
    From this org
    $216,328
    From related orgs
    $0
    Other
    $31,247
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,328
    Bonus
    $0
    Other
    $0
    Deferred
    $9,136
    Nontaxable benefits
    $22,111
    Filer's total
    $247,575

  • MEGHAN WARRICK

    EVP/CFO

    Total calculated
    $149,813
    From this org
    $131,634
    From related orgs
    $0
    Other
    $18,179
    Hours/week
    40

  • SANDI VIDAL

    VP OF COMMUNITY STRATEGIES

    Total calculated
    $149,520
    From this org
    $119,860
    From related orgs
    $0
    Other
    $29,660
    Hours/week
    45

  • NICOLE DONELSON

    VICE PRESIDENT OF PHILANTHROPY

    Total calculated
    $145,570
    From this org
    $127,391
    From related orgs
    $0
    Other
    $18,179
    Hours/week
    45

  • WAYMON ARMSTRONG

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOHN MARTINEZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY HILL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SHARI DINGLE CONSTANTINI

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ACHAL AGGARWAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLOS CARBONELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GITI KHALSA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SEAN DEMARTINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JORGE MARTINEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AVANI DESAI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KARLA MUNIZ AS OF 0523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TANYA EASTERLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT PANEPINTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROI EWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAY RAWLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDDIE FERNANDEZ AS OF 0523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEFANIE STEELE AS OF 0523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER HILERA AS OF 0523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REBECCA TRUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 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.

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.

  • Community Foundation of Central FL LLC

    Support CFF · FL · income $0 · assets $0

    Directly controlled by CFF INC

  • CFF I LLC

    ACCELERATOR · FL · income $320,360 · assets $447,780

    Directly controlled by CFF INC

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202402439349301500

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