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Nonprofiteer
← KEY BISCAYNE COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by KEY BISCAYNE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$11,933,438
Total expenses
$5,166,691
Contributions and grants received
$10,675,024
Grants paid
$1,757,456
Program service revenue
$678,514
Investment income
$516,032
Other revenue
$63,868
Total assets, end of year
$20,637,046
Total liabilities, end of year
$518,894
Net assets or fund balances, end of year
$20,118,152
Program services expenses (Part IX)
$4,720,473
Management and general expenses
$236,760
Fundraising expenses
$209,458
Program service expenses (Part III)
$4,720,473

Program services were 91.4% 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

    $10,675,024

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $362,736 · related or exempt $362,736

  • 2b · Program service revenue: ADMINISTRATIVE FEES

    total $315,778 · related or exempt $315,778

  • 3 · Investment income

    total $516,032 · excluded $516,032

  • 8a · Fundraising events: gross income

    $180,449

  • 8b · Fundraising events: direct expenses

    $116,581

  • 8c · Net income from fundraising events

    total $63,868

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,261,000 · program services $1,261,000

  • 2 · Grants to domestic individuals

    total $496,456 · program services $496,456

  • 5 · Compensation of officers, directors and key employees

    total $179,792 · program services $89,896 · management and general $35,958 · fundraising $53,938

  • 7 · Other salaries and wages

    total $390,192 · program services $195,096 · management and general $78,039 · fundraising $117,057

  • 9 · Other employee benefits

    total $27,062 · program services $13,531 · management and general $5,413 · fundraising $8,118

  • 10 · Payroll taxes

    total $55,006 · program services $27,503 · management and general $11,001 · fundraising $16,502

  • 11c · Fees: accounting

    total $39,176 · program services $19,588 · management and general $19,588

  • 11g · Fees: other

    total $2,200 · program services $1,100 · management and general $1,100

  • 12 · Advertising and promotion

    total $70,946 · program services $31,943 · management and general $31,910 · fundraising $7,093

  • 13 · Office expenses

    total $8,065 · program services $7,268 · management and general $797

  • 14 · Information technology

    total $10,906 · program services $9,816 · management and general $1,090

  • 16 · Occupancy

    total $58,411 · program services $46,729 · management and general $5,841 · fundraising $5,841

  • 23 · Insurance

    total $13,142 · program services $6,572 · management and general $6,570

  • 24a · Other expenses: GRANTS AND PROGRAM COST

    total $2,513,975 · program services $2,513,975

  • 24b · Other expenses: OTHER EXPENSES

    total $19,043 · management and general $19,043

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $9,971 · management and general $9,971

  • 24d · Other expenses: BANK FEES

    total $9,532 · management and general $9,532

  • 24e · All other expenses

    total $1,816 · management and general $907 · fundraising $909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,917,468 · end of year $1,075,921

  • 3 · Pledges and grants receivable

    beginning of year $77,900 · end of year $6,404,064

  • 4 · Accounts receivable

    beginning of year $100,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,436 · end of year $24,049

  • 11 · Investments: publicly traded securities

    beginning of year $10,560,592 · end of year $13,104,012

  • 15 · Other assets

    beginning of year $3,000 · end of year $29,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $268,911 · end of year $279,064

  • 19 · Deferred revenue

    end of year $99,144

  • 25 · Other liabilities

    beginning of year $150,000 · end of year $140,686

  • 27 · Net assets without donor restrictions

    beginning of year $4,055,137 · end of year $5,139,317

  • 28 · Net assets with donor restrictions

    beginning of year $8,188,348 · end of year $14,978,835

Mission and programs · 2024

Mission

THE ORGANIZATION HOLDS FUNDRAISING EVENTS AND OTHERWISE RAISES FUNDS IN ORDER TO MAKE GRANTS THAT BENEFIT THE COMMUNITY. MULTIPLE GRANTS, WERE PAID DURING THE YEAR TO BENEFIT THE COMMUNITY. IN ADDITION, SEVERAL EVENTS SERVED TO EDUCATE MEMBERS OF THE COMMUNITY ABOUT SERVICES AND BENEFITS AVAILABLE IN THE COMMUNITY.

Activities or mission (Part I)

THE KEY BISCAYNE COMMUNITY FOUNDATION ADDRESSES COMMUNITY NEEDS AND EFECTS POSITIVE CHANGE. BY CLOSELY MONITORING LOCAL ISSUES, OPPORTUNITIES AND RESOURCES, KBCF HAS AN IN-DEPTH UNDERSTANDING OF THE REGION CHALLENGES, AND THE ORGANIZATIONS ADDRESSING THEM. TOGETHER WITH OUR VOLUNTEERS, WE WORK TO ESTABLISH INITIATIVES FOR CHANGE ACROSS SUBJECT AREAS ESSENTIAL TO THE WELL-BEING OF EVERY COMMUNITY MEMBER.

  • OUR MISSION IS TO ENABLE, FACILITATE, AND EMPOWER RESIDENTS TO MAKE A POSITIVE DIFFERENCE IN THE LOCAL AND GREATER COMMUNITIES THROUGH PROGRAMS, GRANT MAKING, FISCAL SPONSORSHIP, AND COMMUNITY LEADERSHIP. THE KEY BISCAYNE COMMUNITY FOUNDATION ALSO OFFERS GRANTS TO SUPPORT CHARITABLE ORGANIZATIONS ON AND OFF THE ISLAND. WE BELIEVE THAT WE ARE A COMMUNITY WITHIN A COMMUNITY, SO THE FOUNDATION LOOKS TO IMPROVE THE QUALITY OF LIFE FOR BOTH THE RESIDENTS OF KEY BISCAYNE AND GREATER MIAMI- DADE COUNTY. THE KEY BISCAYNE COMMUNITY FOUNDATION PARTNERS WITH LOCAL ORGANIZATIONS TO FACILITATE CHANGE, BUILD COMMUNITY SUPPORT, AND CREATE LONG-TERM SUSTAINABILITY FOR FAMILIES AND COMMUNITIES IN NEED. THESE GOALS ARE REACHED THROUGH A COLLECTIVE IMPACT APPROACH AND THROUGH OTHER FORMS OF COLLABORATION.

    Expenses $4,720,473 · Grants $1,261,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GARY GROSS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BILL ROHRER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • RICHARD GOLDSTEIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL C GRAUSAM

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    2

  • DANIEL CASTRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLAUDINE COTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JORGE MENDIA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNE RICHARDS ROTHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANA GLORIA RIVAS-VAZQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN SONNABEND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DANIELLE VIDAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MELISSA MCCAUGHAN WHITE

    EXECUTIVE DI

    Total calculated
    $179,792
    From this org
    $179,792
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,792
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $179,792

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

None.

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
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202543189349303699

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

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