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← COMMUNITY FOUNDATION OF NORTH FLORIDA INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF NORTH FLORIDA INC.

Totals

Total revenue
$8,368,144
Total expenses
$5,793,102
Contributions and grants received
$3,427,250
Grants paid
$4,291,334
Program service revenue
$749,749
Investment income
$4,191,145
Other revenue
$0
Total assets, end of year
$105,219,877
Total liabilities, end of year
$7,423,337
Net assets or fund balances, end of year
$97,796,540
Program services expenses (Part IX)
$5,359,234
Management and general expenses
$411,345
Fundraising expenses
$22,523
Program service expenses (Part III)
$5,359,234

Program services were 92.5% 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.

  • 1f · All other contributions, gifts and grants

    $3,427,250

  • 1g · Noncash contributions included above

    $1,324,051

  • 2a · Program service revenue: ADMINISTRATIVE FEE REVENUE

    total $748,549 · related or exempt $748,549

  • 2b · Program service revenue: OTHER INCOME

    total $1,200 · related or exempt $1,200

  • 3 · Investment income

    total $567,781 · unrelated business -$81,869 · excluded $649,650

  • 7a · Gross sales of assets other than inventory

    securities $58,558,489

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

    securities $54,935,125

  • 7c · Gain or loss

    securities $3,623,364

  • 7d · Net gain or loss

    total $3,623,364 · excluded $3,623,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,291,334 · program services $4,291,334

  • 5 · Compensation of officers, directors and key employees

    total $265,509 · program services $204,442 · management and general $61,067

  • 7 · Other salaries and wages

    total $92,692 · program services $71,373 · management and general $21,319

  • 8 · Pension plan contributions

    total $2,322 · program services $1,788 · management and general $534

  • 9 · Other employee benefits

    total $8,440 · program services $6,499 · management and general $1,941

  • 10 · Payroll taxes

    total $26,504 · program services $20,408 · management and general $6,096

  • 11b · Fees: legal

    total $4,500 · management and general $4,500

  • 11c · Fees: accounting

    total $18,650 · management and general $18,650

  • 11f · Fees: investment management

    total $882,492 · program services $641,293 · management and general $241,199

  • 11g · Fees: other

    total $4,190 · management and general $4,190

  • 13 · Office expenses

    total $16,659 · program services $9,484 · management and general $4,875 · fundraising $2,300

  • 14 · Information technology

    total $48,530 · program services $37,368 · management and general $11,162

  • 16 · Occupancy

    total $76,470 · program services $58,882 · management and general $17,588

  • 19 · Conferences, conventions and meetings

    total $12,304 · program services $3,636 · management and general $8,668

  • 22 · Depreciation, depletion and amortization

    total $5,196 · management and general $5,196

  • 23 · Insurance

    total $4,783 · program services $3,683 · management and general $1,100

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $20,154 · fundraising $20,154

  • 24b · Other expenses: MEMBERSHIP DUES

    total $11,745 · program services $9,044 · management and general $2,701

  • 24c · Other expenses: LICENSES AND FEES

    total $559 · management and general $559

  • 24d · Other expenses: PROJECT EXPENSE

    total $69 · fundraising $69

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,729,031 · end of year $4,128,384

  • 4 · Accounts receivable

    beginning of year $160 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,808 · end of year $20,879

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

    $137,399

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

    $127,373

  • 10c · Land, buildings and equipment, net

    beginning of year $6,023 · end of year $10,026

  • 11 · Investments: publicly traded securities

    beginning of year $14,804 · end of year $4,000

  • 12 · Investments: other securities

    beginning of year $93,497,227 · end of year $100,587,086

  • 15 · Other assets

    beginning of year $313,409 · end of year $469,502

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,145 · end of year $853

  • 21 · Escrow or custodial account liability

    beginning of year $6,808,893 · end of year $7,422,484

  • 27 · Net assets without donor restrictions

    beginning of year $88,452,773 · end of year $95,930,110

  • 28 · Net assets with donor restrictions

    beginning of year $1,321,651 · end of year $1,866,430

Mission and programs · 2023

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE NORTH FLORIDA COMMUNITY THROUGH THE PROMOTION AND SUPPORT OF CHARITABLE GIVING.

  • THE COMMUNITY FOUNDATION OF NORTH FLORIDA (CFNF) ADMINISTERS OVER 200 CHARITABLE FUNDS FOR THE BENEFIT OF THE NORTH FLORIDA COMMUNITY. THESE CHARITABLE FUNDS EXTEND FINANCIAL SUPPORT TO THE LOCAL NONPROFIT COMMUNITY THROUGH GRANTS. CFNF ALSO SERVES AS A LEADER AND CONVENER, BRINGING TOGETHER FUNDERS AND NONPROFIT ORGANIZATIONS TO COLLABORATE AND ASSIST THE LOCAL COMMUNITY.

    Expenses $5,359,234 · Grants $4,291,334 · Revenue $749,749

As filed on the 2023 return.

Listed in Part VII

  • MICHAEL KRAMER

    SECRETARY-UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    1

  • GLENDA THORNTON

    CHAIR-UNTIL 5/23, PAST CHAIR-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • HETAL DESAI

    MEMBER, MEMBER-AT-LARGE-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • BOB INZER

    TREASURER-UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    1

  • KELLY O'KEEFE

    MEMBER, VICE CHAIR-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • JOHN BRADLEY

    INVEST COMM CHAIR-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • BETH CORUM

    MEMBER, TREASURER-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • ROB SNIFFEN

    MEMBER, SECRETARY-START 5/2023

    Total calculated
    $0
    Hours/week
    1

  • ANGIE SIPPLE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SETH CLARK

    INVEST COMM CHAIR-UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    1

  • SUSAN PAYNE TURNER

    CHAIR-START 5/2023, VICE CHAIR UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    1

  • ANDREW GAY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CANITA PETERSON

    MEMBER-UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    0.5

  • YUH-MEI HUTT

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JANA MCCONNAUGHHAY

    MEMBER-UNTIL 5/2023

    Total calculated
    $0
    Hours/week
    0.5

  • KATE CLARK

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • YING WANG

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MURRAY MOORE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RYAN COHN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TODD SPERRY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANA MELENDEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KATRINA D ROLLE

    PRESIDENT/CEO

    Total calculated
    $168,247
    From this org
    $162,861
    From related orgs
    $0
    Other
    $5,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,361
    Bonus
    $7,500
    Other
    $0
    Deferred
    $4,886
    Nontaxable benefits
    $500
    Filer's total
    $168,247

  • LUCIA FONTELA

    CFO

    Total calculated
    $97,262
    From this org
    $94,429
    From related orgs
    $0
    Other
    $2,833
    Hours/week
    35

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE PRESIDENT (EXECUTIVE DIRECTOR) IS DETERMINED BY A REVIEW PROCESS WHICH IS CONDUCTED BY THE EXECUTIVE COMMITTEE (COMPENSATION COMMITTEE). A WRITTEN JOB DESCRIPTION AND EVALUATION FORM ARE USED BY THE BOARD IN THE REVIEW PROCESS IN ADDITION TO SALARY DATA FROM THE COMMUNITY FOUNDATION FIELD, AND OPEN DISCUSSION.

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.

  • CFNF REAL ESTATE I LLC

    RE CONTRIBUTION · FL · income $0 · assets $0

    Directly controlled by THE COMMUNITY FOUNDATION OF NORTH FLORIDA INC

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202432149349301428

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

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