The Community Foundation For Ocala Marion County Inc
- Assets
- $4.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Ocala, FL
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 27-5098203
Organization Overview
The Community Foundation For Ocala Marion County Inc is located in Ocala, FL. The organization was established in 2011. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For Ocala Marion County Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Ocala Marion County 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 12/2021, Community Foundation For Ocala Marion County Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 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 2015, Community Foundation For Ocala Marion County Inc has awarded 97 individual grants totaling $5,401,217. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING THE CHARITABLE INTEREST OF THE DONOR TO BUILD A STRONGER COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 $5,192,490.00. AT THE END OF 2021, THE FOUNDATION WAS MANAGING 22 AGENCY FUNDS, 11 ENDOWMENT FUNDS, 22 DONOR ADVISED FUNDS, 3 CORPORATE ADVISED FUND, 4 SCHOLARSHIP FUNDS, 1 ANNUITY FUND & 7 PASS THROUGH FUND. RESULTING IN 28% INCREASE OF FUNDS UNDER MANAGEMENT FROM THE PRIOR YEAR.
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 150 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: CEO ROUNDTABLE, GUIDE TO CHARITABLE GIVING, MONTHLY PROFESSIONAL DEVELOPMENT MEETINGS, NONPROFIT ECONOMIC IMPACT STUDY & YOUTH PHILANTHROPY IN ACTION (YPIA).
NONPROFIT RESOURCE CENTERESTABLISHED IN APRIL OF 2019, THE NONPROFIT RESOURCE CENTER OPENED AS A COLLABORATIVE AMONG THE FOUNDATION, MARION COUNTY GOVERNMENT, THE CITY OF OCALA, AND 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 & MARKETING COUNSELING, VIDEO TRAINING SPONSORED BY COX COMMUNICATIONS, FINANCE & ACCOUNTING COUNSELING, GRANT SERVICES, PROFESSIONAL DEVELOPMENT COURSES IN PARTNERSHIP WITH ROLLINS COLLEGE CRUMMER GRADUATE SCHOOL OF BUSINESS, MINI TRAINING SEMINARS & STRATEGIC & 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.
OTHER MISCELLANEOUS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Deiorio Executive Director | Officer | 40 | $113,269 |
James Hillebrandt Director | Trustee | 1 | $22,063 |
Frank Hennessey Chairman | OfficerTrustee | 4 | $0 |
William Chambers Secretary | OfficerTrustee | 1 | $0 |
Jon Kurtz Treasurer | OfficerTrustee | 2 | $0 |
Rich Bianculli Vice Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,442 |
| Fundraising events | $75,557 |
| Related organizations | $0 |
| Government grants | $985,870 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,736,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,823,715 |
| Total Program Service Revenue | $0 |
| Investment income | $29,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,570 |
| Net Income from Fundraising Events | -$62,612 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,955,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,759,221 |
| Grants and other assistance to domestic individuals. | $60,280 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,269 |
| Compensation of current officers, directors, key employees. | $22,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,106 |
| Payroll taxes | $31,394 |
| Fees for services: Management | $17,728 |
| Fees for services: Legal | $713 |
| Fees for services: Accounting | $21,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,500 |
| Advertising and promotion | $14,566 |
| Office expenses | $23,122 |
| Information technology | $17,371 |
| 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 | $2,961 |
| Insurance | $1,480 |
| All other expenses | $1,242 |
| Total functional expenses | $2,426,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,424 |
| Savings and temporary cash investments | $740,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,261 |
| 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 | $8,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,644,436 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,694,717 |
| Accounts payable and accrued expenses | $27,702 |
| Grants payable | $73,312 |
| Deferred revenue | $14,229 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,299,918 |
| 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 | $2,415,161 |
| Net assets without donor restrictions | $2,279,556 |
| Net assets with donor restrictions | $0 |
| 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 | $4,694,717 |
Grants Awarded
Over the last fiscal year, The Community Foundation For Ocala Marion County Inc has awarded $687,407 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Steubenville, OH PURPOSE: TO SUPPORT THE CHURCH MISSION | $90,000 |
Ocala, FL PURPOSE: TO SUPPORT THE CHURCH MISSION | $67,000 |
Ocala, FL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $64,150 |
Ocala, FL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $59,000 |
Ocala, FL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $40,500 |
HIS COMPASSION FOOD BANK PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Community Foundation For Ocala Marion County Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $100,683 |
| Earnings | $6,253 |
| Admin Expense | $1,045 |
| Ending Balance | $107,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |