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← CHARITABLE FOUNDATION OF THE ISLANDS INC

Form 990 for tax year 2024

Filed by CHARITABLE FOUNDATION OF THE ISLANDS INC.

Totals

Total revenue
$1,293,026
Total expenses
$1,057,937
Contributions and grants received
$742,315
Grants paid
$575,424
Program service revenue
$25,988
Investment income
$524,723
Other revenue
$0
Total assets, end of year
$7,803,144
Total liabilities, end of year
$6,319
Net assets or fund balances, end of year
$7,796,825
Program services expenses (Part IX)
$815,158
Management and general expenses
$217,204
Fundraising expenses
$25,575
Program service expenses (Part III)
$815,158

Program services were 77.1% 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

    $742,315

  • 1g · Noncash contributions included above

    $9,014

  • 2a · Program service revenue: MANAGEMENT FEE

    total $25,988 · excluded $25,988

  • 3 · Investment income

    total $180,564 · excluded $180,564

  • 7a · Gross sales of assets other than inventory

    securities $344,159

  • 7c · Gain or loss

    securities $344,159

  • 7d · Net gain or loss

    total $344,159 · excluded $344,159

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $575,424 · program services $575,424

  • 5 · Compensation of officers, directors and key employees

    total $133,833 · program services $100,375 · management and general $26,766 · fundraising $6,692

  • 7 · Other salaries and wages

    total $38,384 · program services $28,788 · management and general $7,677 · fundraising $1,919

  • 8 · Pension plan contributions

    total $3,836 · program services $2,877 · management and general $767 · fundraising $192

  • 10 · Payroll taxes

    total $13,175 · program services $9,881 · management and general $2,635 · fundraising $659

  • 11a · Fees: management

    total $67,280 · program services $5,593 · management and general $54,137 · fundraising $7,550

  • 11f · Fees: investment management

    total $62,505 · management and general $62,505

  • 11g · Fees: other

    total $26,931 · program services $19,393 · management and general $6,733 · fundraising $805

  • 12 · Advertising and promotion

    total $17,155 · program services $1,426 · management and general $13,804 · fundraising $1,925

  • 13 · Office expenses

    total $24,424 · program services $12,317 · management and general $10,907 · fundraising $1,200

  • 14 · Information technology

    total $3,119 · program services $2,339 · management and general $624 · fundraising $156

  • 16 · Occupancy

    total $9,000 · program services $6,750 · management and general $1,800 · fundraising $450

  • 17 · Travel

    total $3,490 · program services $2,791 · management and general $524 · fundraising $175

  • 19 · Conferences, conventions and meetings

    total $11,377 · program services $946 · management and general $9,154 · fundraising $1,277

  • 23 · Insurance

    total $1,866 · program services $754 · management and general $1,062 · fundraising $50

  • 24a · Other expenses: PROGRAM EXPENSES

    total $39,469 · program services $39,469

  • 24b · Other expenses: STEWARDSHIP EXPENSES

    total $7,471 · program services $621 · management and general $6,012 · fundraising $838

  • 24c · Other expenses: FOOD

    total $5,814 · program services $4,302 · management and general $1,327 · fundraising $185

  • 24d · Other expenses: IN KIND SERVICE

    total $5,310 · program services $441 · management and general $4,273 · fundraising $596

  • 24e · All other expenses

    total $8,074 · program services $671 · management and general $6,497 · fundraising $906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,999 · end of year $141,299

  • 2 · Savings and temporary cash investments

    beginning of year $238,927 · end of year $627,097

  • 4 · Accounts receivable

    end of year $26,796

  • 9 · Prepaid expenses and deferred charges

    end of year $975

  • 11 · Investments: publicly traded securities

    beginning of year $6,904,527 · end of year $7,006,977

  • 17 · Accounts payable and accrued expenses

    end of year $6,319

  • 25 · Other liabilities

    beginning of year $82

  • 27 · Net assets without donor restrictions

    beginning of year $6,959,944 · end of year $7,662,029

  • 28 · Net assets with donor restrictions

    beginning of year $222,427 · end of year $134,796

Mission and programs · 2024

Mission

AS A PUBLIC GRANTMAKING CHARITY SERVING THE ISLANDS OF SANIBEL AND CAPTIVA, OUR MISSION IS TO INSPIRE PHILANTHROPY, LEADERSHIP AND COLLABORATION FOR THE VITALITY OF THE ISLAND COMMUNNITY.

  • IN THE PAST YEAR, THE CHARITABLE FOUNDATION OF THE ISLANDS (CFI) EXPANDED ITS IMPACT BY ADDRESSING URGENT POST-HURRICANE RECOVERY NEEDS WHILE CONTINUING TO STRENGTHEN CORE PROGRAMS IN PHILANTHROPY, NONPROFIT CAPACITY, AND COMMUNITY LEADERSHIP. A MAJOR HIGHLIGHT WAS THE LAUNCH OF AN ECONOMIC REVITALIZATION STRATEGY TO SUPPORT LOCAL BUSINESSES, INCLUDING A 100,000 GRANT TO THE SANCAP CHAMBER THAT CATALYZED 1.9 MILLION IN HOSPITALITY RELIEF FOR ISLAND BUSINESSES. CFI ALSO ESTABLISHED A BOARD-LED ECONOMIC REVITALIZATION COMMITTEE AND DEVELOPED THE ACCELERATE LOAN PROGRAM, BACKED BY 1.1 MILLION IN PRIVATE CAPITAL FROM CFI BOARD MEMBERS. SIMULTANEOUSLY, THE FOUNDATION DEEPENED ITS WORK IN NONPROFIT ENGAGEMENT-HOSTING MONTHLY COLLABORATION MEETINGS, GUIDING CAPITAL CAMPAIGNS, AND LAUNCHING A GRANT WRITING ACADEMY THAT SERVED OVER 30 STAFF FROM 13 ORGANIZATIONS. CFI'S LEADERSHIP SANIBEL-CAPTIVA PROGRAM COMPLETED ITS THIRD YEAR WITH HIGH PARTICIPANT SATISFACTION AND MEASURABLE ALUMNI ENGAGEMENT IN CIVIC LIFE. DONOR SUPPORT WAS SUSTAINED THROUGH ENHANCED STEWARDSHIP EFFORTS SUCH AS THE FRANCIS BAILEY SOCIETY AND A DONOR RECOGNITION EVENT. IMPROVEMENTS TO DONOR-ADVISED FUND (DAF) ADMINISTRATION INCREASED TRANSPARENCY AND USABILITY, AND CFI SECURED 70,000 IN NEW FUNDING FOR ELDERCARE INITIATIVES, INCLUDING ITS FIRST FIELD-OF-INTEREST FUND. WITH INCREASED COMMUNICATIONS OUTREACH, STRATEGIC GRANTMAKING, AND CONTINUED INVOLVEMENT IN CIVIC AND PHILANTHROPIC LEADERSHIP, CFI WAS HONORED AS THE 2024 ORGANIZATION OF THE YEAR BY THE SANIBEL CAPTIVA CHAMBER OF COMMERCE- RECOGNITION OF ITS ROLE AS A VITAL CONVENER AND CATALYST FOR COMMUNITY PROGRESS.

    Expenses $815,158 · Grants $575,424 · Revenue $25,988

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

Listed in Part VII

  • Dorothy Farrell

    EXECUTIVE DI

    Total calculated
    $137,669
    From this org
    $133,833
    From related orgs
    $0
    Other
    $3,836
    Hours/week
    40

  • Mike Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Boren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Doug Congress

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Chauncey Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Halliburton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Al Hanser

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tom Libonate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Majeski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Morse

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jeff Muddell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Eric Pfeifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rachel Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Riordan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Brian Rist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chip Roach

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Ken Washuta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Bob Wiesemann

    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

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

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.0
Source object
202543089349302079

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

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