Sunshine Community Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Community 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 12/2021, Sunshine Community Foundation Inc generated $150.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $200.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND MANAGE CAPITAL AND ENDOWMENT FUNDS IN SUPPORT OF THE PROJECTS, MINISTRIES, AND OUTREACH OF THE SUNSHINE CATHEDRAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST THE CHURCH AND ENGAGE IN SHORT AND LONG TERM FINANCIAL DEVELOPMENT WHICH WILL PROVIDE A STRONG FINANCIAL FOUNDATION FOR THE SUNSHINE CATHEDRAL, INC FOR. YEARS TO COME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Philip Mcchesney Chair | OfficerTrustee | 1 | $0 |
Santiago Madrinan Secretary | OfficerTrustee | 1 | $0 |
Thomas Fedoration Treasurer | OfficerTrustee | 1 | $0 |
Keith Muller Vice-Chair | OfficerTrustee | 1 | $0 |
Kewan Smith Governor | Trustee | 1 | $0 |
Rozen Patterson Governor | Trustee | 1 | $0 |
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 | $103,731 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $103,731 |
Total Program Service Revenue | $0 |
Investment income | $2,988 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $43,705 |
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 | $150,424 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $11,100 |
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 | $7,000 |
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 | $0 |
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 | $105,992 |
Insurance | $47,117 |
All other expenses | $81 |
Total functional expenses | $200,221 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $204,682 |
Savings and temporary cash investments | $0 |
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 | $23,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $67,577 |
Net Land, buildings, and equipment | $2,494,635 |
Investments—publicly traded securities | $0 |
Investments—other securities | $120,040 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,909,934 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $5,483 |
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 | $72,429 |
Total liabilities | $77,912 |
Net assets without donor restrictions | $2,815,321 |
Net assets with donor restrictions | $16,701 |
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 | $2,909,934 |
Over the last fiscal year, we have identified 1 grants that Sunshine Community Foundation Inc has recieved totaling $24,808.
Awarding Organization | Amount |
---|---|
Our Fund Inc Wilton Manors, FL PURPOSE: GENERAL OPERATING SUPPORT | $24,808 |
Beg. Balance | $68,712 |
Earnings | -$6,751 |
Ending Balance | $61,961 |
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