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← COMMUNITY FOUNDATION OF THE FLORIDA KEYS

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF THE FLORIDA KEYS.

Totals

Total revenue
-$626,007
Total expenses
$2,960,673
Contributions and grants received
$3,729,804
Grants paid
$2,058,248
Program service revenue
$323,501
Investment income
$1,001,057
Other revenue
-$5,680,369
Total assets, end of year
$24,430,646
Total liabilities, end of year
$4,423,454
Net assets or fund balances, end of year
$20,007,192
Program services expenses (Part IX)
$2,746,870
Management and general expenses
$150,676
Fundraising expenses
$63,127
Program service expenses (Part III)
$2,746,870

Program services were 92.8% 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

    $3,729,804

  • 1g · Noncash contributions included above

    $4,220

  • 2a · Program service revenue: ADMIN FEES

    total $319,201 · related or exempt $319,201

  • 2b · Program service revenue: LEADERSHIP SUCCESS ACADEMY

    total $4,300 · related or exempt $4,300

  • 3 · Investment income

    total $1,001,057 · excluded $1,001,057

  • 11a · Other revenue: SPLIT INTEREST VALUE CHANGE

    total -$85,000 · related or exempt -$85,000

  • 11b · Other revenue: REALIZED LOSS ON SEC. SALES

    total -$337,807 · excluded -$337,807

  • 11c · Other revenue: UNREALIZED GAINS ON SEC

    total -$5,257,562 · related or exempt -$5,257,562

  • 11e · Other revenue, total

    -$5,680,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,953,248 · program services $1,953,248

  • 2 · Grants to domestic individuals

    total $105,000 · program services $105,000

  • 7 · Other salaries and wages

    total $305,481 · program services $164,546 · management and general $99,370 · fundraising $41,565

  • 10 · Payroll taxes

    total $21,674 · program services $21,674

  • 11c · Fees: accounting

    total $8,453 · management and general $8,453

  • 11f · Fees: investment management

    total $382,553 · program services $382,553

  • 11g · Fees: other

    total $1,273 · program services $1,273

  • 12 · Advertising and promotion

    total $15,058 · program services $592 · management and general $331 · fundraising $14,135

  • 13 · Office expenses

    total $13,986 · program services $3,668 · management and general $9,111 · fundraising $1,207

  • 14 · Information technology

    total $31,634 · program services $17,658 · management and general $9,854 · fundraising $4,122

  • 16 · Occupancy

    total $13,399 · program services $10,439 · management and general $2,087 · fundraising $873

  • 17 · Travel

    total $4,486 · management and general $4,486

  • 19 · Conferences, conventions and meetings

    total $7,207 · management and general $7,207

  • 22 · Depreciation, depletion and amortization

    total $9,402 · program services $5,248 · management and general $2,929 · fundraising $1,225

  • 23 · Insurance

    total $2,628 · management and general $2,628

  • 24a · Other expenses: 25TH GALA

    total $30,426 · program services $30,426

  • 24b · Other expenses: CENTER FOR NONPROFIT EXCE

    total $24,147 · program services $19,927 · management and general $4,220

  • 24c · Other expenses: OTHER

    total $18,070 · program services $18,070

  • 24d · Other expenses: UNSUNG HEROES

    total $12,548 · program services $12,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $791,195 · end of year $1,582,541

  • 3 · Pledges and grants receivable

    beginning of year $124,423 · end of year $102,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,519 · end of year $13,251

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

    $389,417

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

    $156,732

  • 10c · Land, buildings and equipment, net

    beginning of year $240,120 · end of year $232,685

  • 11 · Investments: publicly traded securities

    beginning of year $26,602,466 · end of year $22,300,138

  • 15 · Other assets

    beginning of year $285,000 · end of year $200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,682 · end of year $7,214

  • 18 · Grants payable

    beginning of year $55,000 · end of year $54,725

  • 19 · Deferred revenue

    beginning of year $18,295

  • 21 · Escrow or custodial account liability

    beginning of year $5,546,500 · end of year $4,361,515

  • 27 · Net assets without donor restrictions

    beginning of year $7,730,466 · end of year $6,824,344

  • 28 · Net assets with donor restrictions

    beginning of year $14,702,980 · end of year $13,182,848

Mission and programs · 2022

Mission

TO CONNECT PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY.

Activities or mission (Part I)

CONNECTING PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY

  • PHILANTHROPIC SERVICES - THE COMMUNITY FOUNDATION IS DEEPLY COMMITTED TO ENHANCING THE QUALITY OF LIFE IN MONROE COUNTY, FLORIDA, BOTH NOW AND FOR GENERATIONS TO COME. THROUGH FOSTERING PHILANTHROPY, IT ACTIVELY CONNECTS ACTS OF COMPASSION TO THE SPECIFIC NEEDS OF THE COMMUNITY. COLLABORATING CLOSELY WITH INDIVIDUALS, THE FOUNDATION HELPS SHAPE PHILANTHROPIC PLANS TO BOLSTER NONPROFIT PROGRAMS ACROSS THE FLORIDA KEYS. A TOTAL OF 451 GRANTS MADE IN 2022 PROVIDED SUPPORT FOR DIVERSE CAUSES, INCLUDING ANIMAL WELFARE, ARTS AND CULTURE, EDUCATION, ENVIRONMENTAL PRESERVATION, HEALTH AND HUMAN SERVICES, HOUSING, MUSIC, RECREATION, SCHOLARSHIPS, TEACHER AWARDS AND YOUTH PROGRAMS. THE MAJORITY OF THESE 2.3 MILLION IN GRANTS STEMMED FROM THE THOUGHTFUL RECOMMENDATIONS OF DONOR ADVISORS AND NOT-FOR-PROFIT ENTITIES. THE FOUNDATION EMPOWERS NONPROFIT ORGANIZATIONS BY ASSISTING THEM IN ESTABLISHING ENDOWMENTS AND OPERATIONAL RESERVE FUNDS. IN THE YEAR 2022 ALONE, 28 NEW FUNDS WERE OPENED, 23 OF WHICH ARE NON-PROFIT ENDOWMENTS AUGMENTED BY A MATCHING PROGRAM MADE POSSIBLE BY THE ESTATE OF PETER MACDOUGALL.

    Expenses $2,692,042

  • CENTER FOR NONPROFIT EXCELLENCE - EMPOWERING THE FLORIDA KEYS' NONPROFIT ORGANIZATIONS, THE COMMUNITY FOUNDATION OFFERS AN ARRAY OF INVALUABLE RESOURCES AND SERVICES AIMED AT FOSTERING STRONG LEADERSHIP AND EFFECTIVE MANAGEMENT. AT THE HEART OF THIS EFFORT LIES THE ANNUAL LEADERSHIP SUCCESS ACADEMY, A CRUCIAL PROGRAM DEDICATED TO EQUIPPING NONPROFIT BOARD MEMBERS WITH ESSENTIAL LEADERSHIP AND GOVERNANCE SKILLS. IN 2022, THE 15TH EDITION OF THIS TRANSFORMATIVE TRAINING TOOK PLACE FOR THE FIRST TIME IN THE UPPER FLORIDA KEYS, MARKING A MILESTONE IN ITS ENDURING SUCCESS. A TRUE BEACON OF RECOGNITION FOR LOCAL VOLUNTEERS, THE COMMUNITY FOUNDATION HAS BEEN HOSTING THE ESTEEMED UNSUNG HEROES CELEBRATION FOR 22 YEARS NOW, WITH 80 INSPIRING NONPROFITS PARTICIPATING IN THE 2022 EVENT. THE COMMITMENT TO PROMOTING VOLUNTEERISM FURTHER TOOK SHAPE WITH THE AUGUST 2022 LAUNCH OF THE FLORIDA KEYS VOLUNTEER CENTER-A DEDICATED ONLINE PLATFORM, VOLUNTEERKEYS.COM, INGENIOUSLY CONNECTING PASSIONATE VOLUNTEERS WITH MEANINGFUL NONPROFIT OPPORTUNITIES. IT WAS AN IMMENSE HONOR WHEN THE FEDERAL GOVERNMENT ENTRUSTED THE COMMUNITY FOUNDATION WITH TWO FULL-TIME AMERICORPS VISTA EMPLOYEES TO SPEARHEAD OUTREACH AND MARKETING FOR THE VOLUNTEER CENTER.

    Expenses $50,545

  • UNMET COMMUNITY NEEDS - EVER-VIGILANT TO THE PRESSING NEEDS OF THE COMMUNITY, THE COMMUNITY FOUNDATION CONSISTENTLY IDENTIFIES AND ADDRESSES UNMET GAPS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND COMPASSIONATE INDIVIDUALS. RESPONDING SWIFTLY TO THE DEVASTATION CAUSED BY HURRICANE IAN IN SEPTEMBER 2022, THE FOUNDATION WITHIN DAYS GRANTED 7,500 EACH TO THE FLORIDA KEYS OUTREACH COALITION FOR ITS LOAVES & FISHES FOOD PANTRY AND THE KEY WEST HOUSING AUTHORITY TO SUPPORT LOW-INCOME HOUSING RESIDENTS WITH ESSENTIAL FOOD AND SUPPLIES. THE FOUNDATION CONTINUES TO SUSTAIN REGIONAL ADVISORY COUNCILS IN THE UPPER, MIDDLE, AND LOWER KEYS, WHICH PLAY A VITAL ROLE IN IDENTIFYING AND RESPONDING TO UNIQUE CHALLENGES IN THESE RESPECTIVE AREAS. THE FOUNDATION FACILITATED A 1:1 MATCHING PROGRAM THROUGHOUT 2022, EFFECTIVELY MULTIPLYING THE IMPACT OF DONORS' CONTRIBUTIONS TO THE UPPER KEYS FUTURE FUND, MIDDLE KEYS FUTURE FUND, AND LOWER KEYS FUTURE FUND. A TOTAL OF 46,000 IN GRANTS WERE INVESTED IN THE COMMUNITY THROUGH THESE THREE REGIONAL FUNDS. NOTABLY, THE COMMUNITY FOUNDATION ALSO ASSUMED THE ROLE OF FISCAL AGENT FOR THE KEY WEST BICENTENNIAL CELEBRATION, SUCCESSFULLY COMMEMORATED ON MARCH 25, 2022.

    Expenses $4,283

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

Listed in Part VII

  • Jennifer McComb

    PRESIDENT &

    Total calculated
    $146,282
    From this org
    $146,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marian Buccafurni

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ron Burd

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • B William Langley

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Warren Leamard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Lietaert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heidi Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Nolt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Spottswood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Swain

    VICE CHAIR-T

    Total calculated
    $0
    Hours/week
    2

  • Rosi Ware

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jodi Weinhofer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

  • SEE ATTACHED SCHEDULE 1

    $1,953,248

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.

  • CFFK HOLDINGS LLC (47-5385158)

    REAL ESTAT · FL

    Directly controlled by CFFK COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
8 October 2023
IRS schema version
2022v5.0
Source object
202312919349301716

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