Form 990 for tax year 2022

Totals

Total revenue

$26,074,193

Total expenses

$21,178,572

Contributions and grants received

$23,171,360

Grants paid

$15,585,235

Program service revenue

$0

Investment income

$2,985,857

Other revenue

-$83,024

Total assets, end of year

$244,681,756

Total liabilities, end of year

$21,677,746

Net assets or fund balances, end of year

$223,004,010

Program services expenses (Part IX)

$18,445,232

Management and general expenses

$1,756,026

Fundraising expenses

$977,314

Program service expenses (Part III)

$18,445,232

Program services were 87.1% 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 · 2022

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $3,611,553 · Grants $3,051,569

• SCHOLARSHIP PROGRAM:THIS YEAR APPROXIMATELY 676 STUDENTS COMPLETED AN APPLICATION FOR THE COMMUNITY FOUNDATION'S SCHOLARSHIP PROGRAM. WITH THE ASSISTANCE OF DEDICATED VOLUNTEERS AND ENTRUSTED DONORS' RESOURCES, FOR THE 2023-2024 ACADEMIC YEAR, WE AWARDED $1,162,435 IN SCHOLARSHIPS TO 116 DESERVING STUDENTS IN OUR COMMUNITY. THESE STUDENTS RECEIVED AWARDS RANGING FROM $750 TO $20,000 TO USE TOWARD THEIR COLLEGE OF CHOICE. RECIPIENTS ARE ATTENDING ALL MAJOR FLORIDA UNIVERSITIES, STANFORD UNIVERSITY, UNIVERSITY OF VIRGINIA, CLEMSON UNIVERSITY, AND PRINCETON UNIVERSITY, JUST TO NAME A FEW.THE SCHOLARSHIP PROGRAM IS ONE OF THE LARGEST DISTRIBUTORS OF SCHOLARSHIP FUNDS IN THE COMMUNITY. IT CREATES OPPORTUNITIES THAT AFFORD HIGH SCHOOL SENIORS FROM PALM BEACH AND MARTIN COUNTIES TO FULFILL THEIR GOALS OF OBTAINING A DEGREE OR HIGH CREDENTIAL CERTIFICATION THAT WILL PREPARE THEM FOR THE WORKFORCE. WE SUPPORT A WIDE RANGE OF STUDENTS BASED ON THE CRITERIA OF OVER 122 SCHOLARSHIP FUNDS. SCHOLARSHIP FUNDS ARE OFTEN ESTABLISHED TO HONOR OR MEMORIALIZE A LOVED ONE. EACH YEAR FUND HOLDERS ARE INFORMED OF THE RECIPIENTS AND RECEIVE THANK YOU LETTERS FROM THE STUDENTS, ALLOWING THE FUNDHOLDER TO BE PART OF THE STUDENTS' COLLEGE JOURNEY. SINCE 1983, OVER $16 MILLION IN SCHOLARSHIPS HAVE BEEN AWARDED TO OVER 3,000 STUDENTS.

  Expenses $1,243,991 · Grants $1,051,106

• OTHER SERVICES:DONOR-ADVISED FUNDS:WITH OVER 50 YEARS' EXPERIENCE, THE COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES HELPS ITS DONORS ACHIEVE THEIR PHILANTHROPIC VISION THROUGH FINANCIAL STEWARDSHIP AND COMMUNITY LEADERSHIP. TOGETHER WE ADDRESS OUR COMMUNITIES' MOST PRESSING NEEDS, WHILE CREATING A BETTER QUALITY OF LIFE FOR ALL RESIDENTS. THIS FISCAL YEAR, DONOR ADVISED AND DESIGNATED FUNDS DISTRIBUTED $9,159,590 EACH GRANT IS FULLY REVIEWED BY STAFF AT THE FOUNDATION AND ADHERES TO BEST PRACTICES FOR GRANTMAKING AND ENSURES LEGAL AND FINANCIAL COMPLIANCE. THE COMMUNITY FOUNDATION ADMINISTERS CHARITABLE GIVING VEHICLES TO FACILITATE THE PHILANTHROPIC INTENT OF INDIVIDUALS AND GROUPS VIA DONOR ADVISED AND DESIGNATED FUND TYPES. ADMINISTRATION CONSISTS OF PROCESSING AND DISBURSING GRANTS TO NONPROFIT ENTITIES ACCORDING TO THE TERMS OF EACH INDIVIDUAL FUND. THE COMMUNITY FOUNDATION PROVIDES ADMINISTRATIVE SERVICES TO OVER 280 DAF AND DESIGNATED FUNDS. WE WORK WITH OUR FUNDHOLDERS TO MAKE GRANTS TO THE CHARITIES THEY LOVE, AND WE INTRODUCE THEM TO CHARITIES THAT ALIGN WITH THEIR GIVING WISHES. OUR PROCESS OF DUE DILIGENCE INCLUDES CONFIRMATION OF EIN/501 (C) (3) STATUS THROUGH GUIDESTAR CHARITY CHECK AND IRS.GOV WEBSITE TO ENSURE THE VALIDITY OF THE ORGANIZATION. A BENEFIT OF OUR DONOR ADVISED FUND PROGRAM IS THROUGH OUR ONLINE PORTAL, DONORCENTRAL, WHICH MAKES FUND INFORMATION EASILY AVAILABLE IN REAL TIME AND ALLOWS THE FUNDHOLDER INDEPENDENT GRANTMAKING AND ACCESSIBILITY. THROUGH OUR DONOR-CENTRIC SERVICES, WE CAN LEVERAGE GRANTMAKING DOLLARS TO IMPORTANT PROGRAMS AND TO IMMEDIATE CRITICAL NEEDS. ONE OF THE COMMUNITY FOUNDATION'S CORE COMPONENTS IS TO HELP NONPROFITS BUILD A SUSTAINABLE SOURCE OF INCOME. WE HELP LOCAL NONPROFITS BUILD THEIR SUSTAINABILITY SO THAT THEIR PROGRAMS AND SERVICES CAN CONTINUE FOR YEARS. WE ARE COMMITTED TO STRENGTHENING AND SERVING OUR NONPROFIT COMMUNITY. AS PART OF THAT COMMITMENT, WE MANAGE ASSETS AND RESERVES FOR NONPROFIT ORGANIZATIONS. WE CURRENTLY HAVE 83 NONPROFIT FUNDS REPRESENTING $9.4M.

  Expenses $13,589,688 · Grants $11,482,560

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

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

• CENTER FOR CREATIVE EDUCATION

  $612,824

  ARTS, CULTURE, & HUMANITIES

• LOST TREE FOUNDATION

  $500,000

  PROGRAM SUPPORT

• SCHOOL DISTRICT OF PALM BEACH COUNTY

  $359,553

  EDUCATION

• ADOPT-A-FAMILY OF THE PALM BEACHES INC

  $305,700

  HUMAN SERVICES

• PALM BEACH ATLANTIC UNIVERSITY

  $300,000

  EDUCATION

• THE LORD'S PLACE INC

  $294,700

  HUMAN SERVICES

• COX SCIENCE CENTER & AQUARIUM

  $291,268

  EDUCATION

• BOYS & GIRLS CLUBS OF PALM BEACH COUNTY

  $266,495

  YOUTH DEVELOPMENT

• PLACE OF HOPE

  $214,500

  HUMAN SERVICES

• CITY PARKS ALLIANCE

  $200,000

  CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

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.

• MARY AND ROBERT PEW PUBLIC EDUCATION FUND

  501(C)(3) · TYPE 1 SUPPORTING ORGANIZATION OF THE COMMUNITY FDN FOR P.B.& MTN CTY · FL

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

2022

Filed

18 April 2024

IRS schema version

2022v5.0

Source object

202401309349304965

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

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