Form 990 for tax year 2023

Filed by KEY BISCAYNE COMMUNITY FOUNDATION INC.

Totals

Total revenue: $3,867,267
Total expenses: $4,157,925
Contributions and grants received: $2,466,061
Grants paid: $1,199,917
Program service revenue: $985,993
Investment income: $353,716
Other revenue: $61,497
Total assets, end of year: $12,662,396
Total liabilities, end of year: $418,911
Net assets or fund balances, end of year: $12,243,485
Program services expenses (Part IX): $3,672,029
Management and general expenses: $354,856
Fundraising expenses: $131,040
Program service expenses (Part III): $3,672,029

Program services were 88.3% 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

$2,466,061
2a · Program service revenue: PROGRAM SERVICE REVENUE

total $985,993 · related or exempt $985,993
3 · Investment income

total $353,716 · related or exempt $353,716
8a · Fundraising events: gross income

$157,356
8b · Fundraising events: direct expenses

$95,859
8c · Net income from fundraising events

total $61,497

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $866,712 · program services $866,712
2 · Grants to domestic individuals

total $333,205 · program services $333,205
5 · Compensation of officers, directors and key employees

total $140,000 · program services $70,000 · management and general $28,000 · fundraising $42,000
7 · Other salaries and wages

total $555,118 · program services $326,540 · management and general $163,270 · fundraising $65,308
9 · Other employee benefits

total $14,849 · program services $7,424 · management and general $2,970 · fundraising $4,455
10 · Payroll taxes

total $44,750 · program services $22,375 · management and general $8,950 · fundraising $13,425
11b · Fees: legal

total $2,355 · program services $1,178 · management and general $1,177
11c · Fees: accounting

total $20,260 · management and general $20,260
11g · Fees: other

total $34,941 · management and general $34,941
12 · Advertising and promotion

total $53,200 · program services $25,536 · management and general $21,812 · fundraising $5,852
13 · Office expenses

total $25,197 · management and general $25,197
14 · Information technology

total $7,606 · management and general $7,606
16 · Occupancy

total $24,000 · management and general $24,000
23 · Insurance

total $12,613 · program services $3,154 · management and general $9,459
24a · Other expenses: GRANTS AND PROGRAM COST

total $1,829,189 · program services $1,829,189
24b · Other expenses: OTHER EXPENSES

total $65,819 · program services $65,819
24c · Other expenses: HR FEES

total $12,710 · program services $12,710
24d · Other expenses: DUES & SUBSCRIPTIONS

total $7,214 · management and general $7,214
24e · All other expenses

total $108,187 · program services $108,187

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,113,270 · end of year $1,917,468
3 · Pledges and grants receivable

beginning of year $273,646 · end of year $77,900
4 · Accounts receivable

end of year $100,000
9 · Prepaid expenses and deferred charges

beginning of year $1,236 · end of year $3,436
10a · Land, buildings and equipment: cost or other basis

$5,801
10b · Land, buildings and equipment: accumulated depreciation

$5,801
11 · Investments: publicly traded securities

beginning of year $9,260,347 · end of year $10,560,592
15 · Other assets

beginning of year $3,000 · end of year $3,000
17 · Accounts payable and accrued expenses

beginning of year $26,668 · end of year $268,911
25 · Other liabilities

beginning of year $150,000 · end of year $150,000
27 · Net assets without donor restrictions

beginning of year $3,257,058 · end of year $4,055,137
28 · Net assets with donor restrictions

beginning of year $8,217,773 · end of year $8,188,348

Mission and programs · 2023

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 D1TTERENCE 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 $3,672,029 · Grants $1,253,287

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

Listed in Part VII

Melissa McCaughan WhiteMELISSA MCCAUGHAN WHITE

EXECUTIVE DI

Total calculated

$140,000

From this org

$140,000

From related orgs

$0

Other

$0

Hours/week

40
Jorge Mendia MDJORGE MENDIA MD

DIRECTOR

Total calculated

$0

Hours/week

2
Gary GrossGARY GROSS

CHAIR

Total calculated

$0

Hours/week

2
Ana Gloria Rivas-VazquezANA GLORIA RIVAS-VAZQUEZ

DIRECTOR

Total calculated

$0

Hours/week

2
Stephen SonnabendSTEPHEN SONNABEND

DIRECTOR

Total calculated

$0

Hours/week

2
Anne Richards RotheANNE RICHARDS ROTHE

DIRECTOR

Total calculated

$0

Hours/week

2
Richard GoldsteinRICHARD GOLDSTEIN

VICE CHAIR

Total calculated

$0

Hours/week

2
Bill RohrerBILL ROHRER

TREASURER

Total calculated

$0

Hours/week

2
Claudine CotoCLAUDINE COTO

SECRETARY

Total calculated

$0

Hours/week

2
Michael C GrausamMICHAEL C GRAUSAM

DIRECTOR

Total calculated

$0

Hours/week

2
Danielle VidalDANIELLE VIDAL

DIRECTOR

Total calculated

$0

Hours/week

2
Daniel CastroDANIEL CASTRO

DIRECTOR

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

ST AGNES CHURCH

$172,212
GREATER MIAMI JEWISH FEDERATION

$120,000
MIAMI DADE COLLEGE FOUNDATION

$50,000
UNITED WAY MIAMI

$30,000
MIAMI FOURTH ESTATE INC

$25,000
ARCHDIOCESE OF MIAMI

$25,000
ADRIENNE ARSHT CENTER TRUST INC

$25,000
PETA

$25,000
REPAIR THE WORLD

$20,000
BAPTIST HEALTH SOUTH FLORIDA FOUNDA

$20,000

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

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.0
Source object: 202423209349323462

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

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