Foundation For Community Driven Innovation Inc
- Assets
- $219.1k
- Revenue
- $240.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Odessa, FL
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-3887593
Organization Overview
Foundation For Community Driven Innovation Inc is located in Odessa, FL. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Community Driven Innovation 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, Foundation For Community Driven Innovation Inc generated $240.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $186.7k during the year ending 12/2022. While expenses have increased by 21.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR COMMUNITY DRIVEN INNOVATION MISSION IS DEDICATED TO SUPPORTING ACADEMIC ACHIEVEMENT ECONOMIC DEVELOPMENT AND THE SPIRIT OF INNOVATION THROUGH INSPIRING PROGRAMS AND ACTIVE LEARNING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCED MANUFACTURING AND ROBOTICS CENTER AMROC: THIS PROGRAM HELPS STUDENTS AND ADULTS IN THE COMMUNITY BY PROVIDING ACCESS TO TRAINING INTERNSHIP AND APPRENTICESHIP OPPORTUNITIES IN ADVANCED MANUFACTURING SKILLS THUS HELPING TO BUILD COMMUNITY ECONOMIC CAPACITY.
EQUITY IN ENTREPRENEURSHIP IS A PROGRAM WHICH HELPS BRIDGE THE RACE AND GENDER EQUITY GAP IN EARLY-STAGE ENTREPRENEURSHIP TO HELP CREATE MORE INCLUSIVE PATHWAYS TO THE TAMPA BAY STARTUP ECOSYSTEM.
THE FCDI STEM PROGRAM SUPPORTS YOUTH EDUCATION IN SCIENCE TECHNOLOGY ENGINEERING AND MATH THROUGH PARTICIPATION IN TEAM BASED COMPETITIVE TECHNOLOGY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Willingham Executive Director | Officer | 70 | $41,250 |
Steven Willingham CFO | Officer | 45 | $18,750 |
Brandy Jackson Program Director | Officer | 45 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,560 |
| Total Program Service Revenue | $10,333 |
| Investment income | $0 |
| 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 | $240,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $43,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,856 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,168 |
| Travel | $4,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,751 |
| All other expenses | $0 |
| Total functional expenses | $186,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,300 |
| 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 | $33,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $692 |
| Total assets | $219,119 |
| Accounts payable and accrued expenses | $181 |
| 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 | $181 |
| Net assets without donor restrictions | $218,938 |
| 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 | $219,119 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Foundation For Community Driven Innovation Inc has recieved totaling $24,723.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $13,025 |
Vinik Family Foundation Tampa, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $250 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adopt-A-Family Of The Palm Beaches Inc Lake Worth, FL | $18,453,103 | $14,622,438 |
Fairhope Single Tax Corporation Fairhope, AL | $9,781,910 | $8,332,566 |
Harbor House Of Central Florida Inc Orlando, FL | $9,826,201 | $6,024,747 |
Star C Corporation Marietta, GA | $534,124 | $5,554,127 |
Monat Gratitude Inc Miami, FL | $349,378 | $3,568,571 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Augusta, GA | $19,176,183 | $4,332,479 |
Fga Action Inc Tallahassee, FL | $2,709,662 | $2,540,034 |
Building Owners And Managers Association Of Georgia Inc Atlanta, GA | $6,158,868 | $2,015,601 |
Community Guilds Inc Decatur, GA | $1,303,701 | $1,778,793 |
Manufacture Alabama Inc Montgomery, AL | $1,544,079 | $1,421,169 |
Bme Networks Miami, FL | $2,126,392 | $1,786,217 |
Our Village United Inc Atlanta, GA | $448,430 | $617,466 |