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Nonprofiteer
← INDIAN RIVER COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by INDIAN RIVER COMMUNITY FOUNDATION.

Totals

Total revenue
$13,546,324
Total expenses
$19,143,625
Contributions and grants received
$10,188,776
Grants paid
$17,163,645
Program service revenue
$0
Investment income
$2,840,721
Other revenue
$516,827
Total assets, end of year
$78,436,639
Total liabilities, end of year
$5,073,746
Net assets or fund balances, end of year
$73,362,893
Program services expenses (Part IX)
$18,140,321
Management and general expenses
$763,097
Fundraising expenses
$240,207
Program service expenses (Part III)
$18,140,321

Program services were 94.8% 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

    $10,188,776

  • 1g · Noncash contributions included above

    $6,211,203

  • 3 · Investment income

    total $1,743,522 · excluded $1,743,522

  • 7a · Gross sales of assets other than inventory

    securities $34,940,967

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

    securities $33,843,768

  • 7c · Gain or loss

    securities $1,097,199

  • 7d · Net gain or loss

    total $1,097,199 · excluded $1,097,199

  • 11a · Other revenue: ADMIN FEES BILLED TO FUNDS

    total $515,751 · related or exempt $515,751

  • 11b · Other revenue: OTHER INCOME

    total $1,076 · related or exempt $1,076

  • 11e · Other revenue, total

    $516,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,163,645 · program services $17,163,645

  • 5 · Compensation of officers, directors and key employees

    total $238,300 · program services $71,490 · management and general $47,660 · fundraising $119,150

  • 7 · Other salaries and wages

    total $294,310 · program services $134,446 · management and general $105,752 · fundraising $54,112

  • 8 · Pension plan contributions

    total $15,505 · program services $5,995 · management and general $4,466 · fundraising $5,044

  • 9 · Other employee benefits

    total $37,682 · program services $14,570 · management and general $10,854 · fundraising $12,258

  • 10 · Payroll taxes

    total $33,433 · program services $12,927 · management and general $9,630 · fundraising $10,876

  • 11b · Fees: legal

    total $3,373 · program services $1,687 · management and general $1,686

  • 11c · Fees: accounting

    total $25,450 · management and general $25,450

  • 11f · Fees: investment management

    total $351,503 · management and general $351,503

  • 11g · Fees: other

    total $54,011 · program services $54,011

  • 12 · Advertising and promotion

    total $66,589 · program services $33,485 · fundraising $33,104

  • 13 · Office expenses

    total $21,685 · program services $3,753 · management and general $17,764 · fundraising $168

  • 14 · Information technology

    total $20 · program services $16 · fundraising $4

  • 16 · Occupancy

    total $53,981 · program services $4,691 · management and general $49,290

  • 17 · Travel

    total $5,933 · program services $3,729 · management and general $2,204

  • 19 · Conferences, conventions and meetings

    total $25,236 · program services $16,833 · management and general $5,072 · fundraising $3,331

  • 22 · Depreciation, depletion and amortization

    total $28,153 · management and general $28,153

  • 23 · Insurance

    total $3,609 · management and general $3,609

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $480,980 · program services $480,980

  • 24b · Other expenses: CONTRACT SERVICE FEE

    total $119,280 · program services $59,640 · management and general $59,640

  • 24c · Other expenses: SUBSCRIPTIONS & MEMBERS

    total $72,787 · program services $43,672 · management and general $29,115

  • 24d · Other expenses: PROJECT EXPENSES

    total $32,078 · program services $32,078

  • 24e · All other expenses

    total $16,082 · program services $2,673 · management and general $11,249 · fundraising $2,160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,494 · end of year $127,476

  • 2 · Savings and temporary cash investments

    beginning of year $6,098,592 · end of year $4,386,703

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,228 · end of year $48,942

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

    $132,062

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

    $42,178

  • 10c · Land, buildings and equipment, net

    beginning of year $82,188 · end of year $89,884

  • 11 · Investments: publicly traded securities

    beginning of year $72,202,742 · end of year $73,778,276

  • 15 · Other assets

    beginning of year $5,244 · end of year $5,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,417 · end of year $15,935

  • 18 · Grants payable

    beginning of year $377,000 · end of year $258,330

  • 25 · Other liabilities

    beginning of year $4,388,873 · end of year $4,799,481

  • 27 · Net assets without donor restrictions

    beginning of year $72,931,837 · end of year $72,229,638

  • 28 · Net assets with donor restrictions

    beginning of year $1,043,361 · end of year $1,133,255

Mission and programs · 2022

Mission

BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY.

Activities or mission (Part I)

OUR MISSION IS BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY.

  • INDIAN RIVER COMMUNITY FOUNDATION'S MISSION IS BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY. ONE WAY WE CARRY OUT OUR MISSION IS BY GROWING, STEWARDING AND DEPLOYING PHILANTHROPIC CAPITAL TO MAKE OUR COMMUNITY BETTER. WE DO THIS TROUGH TWO MAIN PRODUCTS, DONOR ADVISED FUNDS AND ENDOWMENTS, WHICH OUR CLIENTS USE TO GIVE OR LEAVE A LEGACY TO THE CHARITABLE CAUSES THEY LOVE. ANOTHER WAY WE CARRY OUT OUR MISSION IS BY DEVELOPING AND SHARING COMMUNITY KNOWLEDGE ABOUT LOCAL NEEDS AND NONPROFIT CHARITABLE ORGANIZATIONS, PROGRAMS AND PROJECTS THAT MERIT PHILANTHROPIC INVESTMENT. WE DO THIS USING INNOVATIVE TOOLS SUCH AS OUR ONLINE NONPROFIT SEARCH, INDIAN RIVER INDICATORS AND PUBLICATIONS LIKE OUR ANNUAL GUIDE TO BETTER GIVING, WHICH ARE USED BY CLIENTS AND OTHERS TO MAKE MORE INFORMED GIVING DECISIONS.INDIAN RIVER COMMUNITY FOUNDATION IS GOVERNED AND MANAGED BY ENGAGED AND INVESTED LEADERS WHO BELIEVE THAT OUR ORGANIZATION AND THE GENEROUS PEOPLE WE SERVE CAN HELP BUILD A MORE HEALTHY, PROSPEROUS COMMUNITY. IN DOING SO, WE COMMIT OUR BEST EFFORTS TO DEMONSTRATE THE VALUES OF KNOWLEDGE AND CORE KNOW-HOW, SERVICE EXCELLENCE AND DIVERSITY, EQUITY AND INCLUSION IN OUR WORK.TOGETHER WITH OUR CLIENTS, IN THE FISCAL YEAR ENDING JUNE 30, 2023, INDIAN RIVER COMMUNTY FOUNDATION AWARDED GRANTS TOTALING $17,229,000 FROM 202 CHARITABLE GIVING ACCOUNTS TO CHARITIES IN INDIAN RIVER COUNTY AND AROUND THE UNITED STATES. ON JUNE 30, 2023, A TOTAL OF 82 INDIVIDUALS WERE RECOGNIZED AS PART OF THE ALMA LEE LOY LEGACY SOCIETY FOR MAKING A PLANNED GIFT FROM THEIR ESTATE TO INDIAN RIVER COMMUNITY FOUNDATION. TOGETHER, WE ARE PART OF SOMETHING BETTER.

    Expenses $18,140,321 · Grants $17,163,645

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

Listed in Part VII

  • MICHAEL A MCMANUS JR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • KATHRYN B HEALY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • DEBRA K LOCKWOOD

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • DALE F JACOBS

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • SUZANNE E BERTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA A BRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY P GUETTLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTOINETTE W HAMNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WANDA W LINCOLN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EDWIN R MASSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RONALD H MCGLYNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CARLA E MEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAWN E MICHAEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANGELIA PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW G RUNDELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LOUIS C SCHACHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM F SCHLITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL J SWAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER M WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY R PICKERING

    CEO/PRESIDENT

    Total calculated
    $258,678
    From this org
    $243,198
    From related orgs
    $0
    Other
    $15,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,198
    Bonus
    $15,000
    Other
    $0
    Deferred
    $7,650
    Nontaxable benefits
    $7,830
    Filer's total
    $258,678

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 · Independent compensation consultant
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
20 March 2024
IRS schema version
2022v5.0
Source object
202420859349300512

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

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