Form 990 for tax year 2023

Totals

Total revenue

$3,778,214

Total expenses

$2,307,464

Contributions and grants received

$3,522,045

Grants paid

$1,592,522

Program service revenue

$156,739

Investment income

$119,687

Other revenue

-$20,257

Total assets, end of year

$6,894,883

Total liabilities, end of year

$3,139,080

Net assets or fund balances, end of year

$3,755,803

Program services expenses (Part IX)

$2,090,862

Management and general expenses

$216,602

Fundraising expenses

$0

Program service expenses (Part III)

$2,090,862

Program services were 90.6% 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 · 2023

• FUND MANAGEMENTA COMMUNITY FOUNDATION IS A TAX EXEMPT, NONPROFIT, PUBLICLY SUPPORTED ORGANIZATION THAT EMPOWERS DONORS TO STRENGTHEN THEIR COMMUNITY, ONE PASSION AT A TIME. THE COMMON MISSION OF EVERY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE LOCAL AREA. THROUGH FUND MANAGEMENT, THE FOUNDATION HELPS TO ACHIEVE THIS. WHETHER IT IS THE CREATION OF A FUND FOR THE INDIVIDUAL LOOKING FOR A TAX DEDUCTION OR THE NONPROFIT AGENCY THAT IS BUILDING PERMANENT ENDOWMENT FUNDS OR EVEN PROVIDING SCHOLARSHIPS FOR STUDENTS, THE FOUNDATION SUPPORTS A VARIETY OF LOCAL NONPROFITS THROUGH GRANTS AND SPECIAL PROJECTS. SINCE THE FOUNDATION'S INCEPTION IN 2011, NONPROFITS HAVE RECEIVED GRANTS TOTALING $7.4 MILLION. AT THE END OF 2023, THE FOUNDATION WAS MANAGING 40 AGENCY FUNDS, 15 ENDOWMENT FUNDS, 37 DONOR ADVISED FUNDS, 7 CORPORATE ADVISED FUNDS, 3 SCHOLARSHIP FUNDS, 1 ANNUITY FUND AND 7 PASS THROUGH FUNDS, RESULTING IN 52% INCREASE OF FUNDS UNDER MANAGEMENT FROM THE PRIOR YEAR.

  Expenses $1,616,984 · Grants $1,592,522 · Revenue $156,739

• NONPROFIT RESOURCE CENTERESTABLISHED IN APRIL OF 2019, THE NONPROFIT RESOURCE CENTER OPENED AS A COLLABORATION AMONG THE FOUNDATION, MARION COUNTY GOVERNMENT, THE CITY OF OCALA, ADVENTHEALTH OCALA AND THE MARION COUNTY HOSPITAL DISTRICT TO HELP GROW AND SUSTAIN OUR NONPROFIT COMMUNITY. THE RESOURCE CENTER PROVIDES A VARIETY OF ASSISTANCE OPTIONS TO HELP OUR NONPROFITS BUILD CAPACITY AND BECOME SUSTAINABLE WHICH INCLUDES; BOARD DEVELOPMENT, COMMUNICATIONS, PR AND MARKETING COUNSELING, VIDEO TRAINING SPONSORED BY COX COMMUNICATIONS, FINANCE AND ACCOUNTING COUNSELING, GRANT SERVICES, PROFESSIONAL DEVELOPMENT COURSES IN PARTNERSHIP WITH ROLLINS COLLEGE CRUMMER GRADUATE SCHOOL OF BUSINESS, MINI TRAINING SEMINARS AND STRATEGIC AND SUSTAINABILITY PLANNING. ALL RESOURCES FOLLOW THE FOUNDATION'S ROADMAP TO SUCCESS WHICH IS A COMPILATION OF STANDARDS DESIGNED TO ENSURE EACH NONPROFIT OPERATES LIKE THE BUSINESS IT IS. SOME OF THE KEY AREAS IN THE ROADMAP ARE; EFFECTIVE GOVERNANCE, HUMAN RESOURCES, FINANCIAL MANAGEMENT, AND MORE.

  Expenses $468,659

• ESTATE PLANNING COUNCILTHE ESTATE PLANNING COUNCIL PROVIDES A SOURCE OF EDUCATIONAL INFORMATION, A FORUM FOR NETWORKING AMONG DISCIPLINARIANS WHO PRACTICE FACETS OF ESTATE PLANNING, AND PROMOTES INTERDISCIPLINARY COMMUNICATION AND COOPERATION. THE GOAL OF OUR PROFESSIONAL MEMBERS IS TO IMPROVE OUR KNOWLEDGE TO RENDER THE BEST PROFESSIONAL SERVICE TO THE PUBLIC. MEMBERSHIP IS OPEN TO THOSE INDIVIDUALS IN PROFESSIONS THAT DEAL WITH ESTATE PLANNING AND ITS RELATED ISSUES.

  Expenses $3,355

• NONPROFIT BUSINESS COUNCILTHE NONPROFIT BUSINESS COUNCIL (NPBC) WAS FORMED 11 YEARS AGO AS A PART OF THE CHAMBER OF COMMERCE. IN 2016, UNDER PREVIOUS LEADERSHIP, THE COMMUNITY FOUNDATION BEGAN OVERSEEING THE COUNCIL'S OPERATIONS, AND IT HAS CONTINUED TO SIGNIFICANTLY EXPAND SINCE THAT TIME. THE NPBC PROMOTES THE ECONOMIC IMPACT OF NONPROFITS, STRENGTHENS THEIR CAPACITY IN AREAS OF LEADERSHIP FUNDRAISING, BOARD DEVELOPMENT, STAFF DEVELOPMENT AND COMPLIANCE, AND PROVIDES FOR MUCH-NEEDED COLLABORATION AND PHILANTHROPIC EDUCATION. CURRENTLY THE COUNCIL MEMBERSHIP IS MADE UP OF OVER 170 NONPROFITS GOVERNED BY A STEERING COMMITTEE OF NONPROFIT LEADERS REPRESENTING SEVERAL DIFFERENT NONPROFIT SECTORS. THE NPBC HAS THEIR OWN PROGRAMMING RUN BY THE COMMUNITY FOUNDATION WHICH INCLUDES: GUIDE TO CHARITABLE GIVING, MONTHLY PROFESSIONAL DEVELOPMENT MEETINGS, AND YOUTH PHILANTHROPY IN ACTION (YPIA).

  Expenses $1,864

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

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.

Grants on this return

• HELP AGENCY OF THE FOREST INC DBA SOZO KIDS

  $150,000

  IN ACCORDANCE WITH ARPA FUNDING

• EMPOWERED OF CENTRAL FLORIDA

  $133,000

  IN ACCORDANCE WITH ARPA FUNDING

• WINGS OF FAITH FELLOWSHIP CHURCH OF GOD

  $130,000

  IN ACCORDANCE WITH ARPA FUNDING

• FRIENDS OF MARION COUNTY VETERANS PARK INC

  $70,500

  TO SUPPORT THE ORGANIZATION'S MISSION

• ST PAUL CENTER FOR BIBLICAL THEOLOGY

  $67,000

  TO SUPPORT THE CHURCH MISSION

• GOOD SHEPHERD PRESBYTERIAN CHURCH

  $65,000

  TO SUPPORT THE CHURCH MISSION

• HIS HOUSE FOR HER INC

  $50,000

  IN ACCORDANCE WITH ARPA FUNDING

• HONORING THE FATHER MINISTRIES INC

  $49,403

  TO SUPPORT THE ORGANIZATION'S MISSION

• WEST CHESTER UNIVERSITY FOUNDATION

  $45,000

  TO SUPPORT THE FOUNDATION'S MISSION

• BOYS AND GIRLS CLUB OF MARION COUNTY INC

  $42,500

  TO SUPPORT THE ORGANIZATION'S MISSION

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

8 October 2024

IRS schema version

2023v5.1

Source object

202412849349300201

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

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