Black Diamond Foundation Inc
- Assets
- $266.8k
- Revenue
- $233.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lecanto, FL
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 13-4211621
Organization Overview
Black Diamond Foundation Inc is located in Lecanto, FL. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Diamond Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Black Diamond Foundation Inc generated $233.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $252.1k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Black Diamond Foundation Inc has awarded 33 individual grants totaling $564,146. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT AND DISTRIBUTE FUNDS IN A MANNER WHICH ENRICHES THE LIVES OF INDIVIDUALS AND FAMILIES IN CITRUS COUNTY, FL AND TO DEMONSTRATE THAT THE BLACK DIAMOND COMMUNITY CARES ABOUT THE COUNTY AND ITS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT EDUCATION/SCHOLARSHIP: BOYS & GIRLS CLUB OF CITRUS COUNTY; CITRUS COUNTY EDUCATION FOUNDATION; YMCA OF THE SUNCOAST-CITRUS BRANCH; TAKE STOCK IN CHILDREN
SUPPORT HEALTH AND WELLBEING CITRUS COUNTY FAMILY RESOURCE CENTER; COMMUNITY FOOD BANK OF CITRUS COUNTY; THANKSGIVING FEEDING ALLIANCE; CITRUS AID CANCER FOUNDATION; SOS FOOD PANTRY; MID FLORIDA HOMELESS COALITION; DOCTORS FREE CLINIC; ELS FOR AUTISM.
SUPPORT VETERANS: UNITED WAY - MISSION UNITED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Obenauf Chair | Officer | 5 | $0 |
Mary Jane Bower Secretary | Officer | 1 | $0 |
Foster Lamm Treasurer | Officer | 1 | $0 |
Patrick Monea Director | Trustee | 1 | $0 |
Linda Thomas Director | Trustee | 1 | $0 |
Jon Radabaugh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,622 |
| Total Program Service Revenue | $0 |
| Investment income | $476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,559 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,150 |
| All other expenses | $0 |
| Total functional expenses | $252,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,754 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $259,254 |
| Net assets with donor restrictions | $7,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $266,754 |
Grants Awarded
Over the last fiscal year, Black Diamond Foundation Inc has awarded $237,559 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Homosassa, FL PURPOSE: Warehouse acquisition, general operation | $57,000 |
Inverness, FL PURPOSE: Student homelessness, scholarship, educational support | $54,000 |
Inverness, FL PURPOSE: Assisting the homeless of Citrus County. | $25,000 |
Lecanto, FL PURPOSE: Cancer patient support | $20,859 |
Beverly Hills, FL PURPOSE: Food Pantry | $20,000 |
Inverness, FL PURPOSE: College scholarships for low income students | $17,200 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Black Diamond Foundation Inc has recieved totaling $18,051.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
Jeep Beach Inc Ormond Beach, FL | $246,764 | $1,454,805 |
The Arc Tampa Bay Foundation Inc Clearwater, FL | $19,764,393 | $4,465,884 |
Glenridge Charitable Foundation Inc Jacksonville, FL | $125,452 | $997,663 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
The@karl G Estes Foundation Jacksonville, FL | $3,330,988 | $3,813,042 |