Central Florida Foundation Inc
- Assets
- $80.3m
- Revenue
- $7.8m
- Investments
- $6.4m
- Employees
- 11
- Location
- Orlando, FL
- Founding
- 08/1993
- Data as of
- 04/2021
- EIN
- 59-3182886
Organization Overview
Central Florida Foundation Inc is located in Orlando, FL. The organization was established in 1993. 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 04/2021, Central Florida Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida 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 04/2021, Central Florida Foundation Inc generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $6.9m during the year ending 04/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Central Florida Foundation Inc has awarded 578 individual grants totaling $32,949,088. 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
AS CENTRAL FLORIDA'S COMMUNITY FOUNDATION, WE FOCUS ON BUILDING COMMUNITY BY BUILDING PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GAVE GRANTS TO 245 NONPROFITS FOR A VARIETY OF CHARITABLE PURPOSES IN CENTRAL FLORIDA, ACROSS THE UNITED STATES AND AROUND THE WORLD. THESE GRANTS HELP TO ADDRESS A VARIETY OF AREAS FROM THE DAY TO DAY OPERATING NEEDS OF NONPROFITS ALL THE WAY TO ADDRESSING THE ROOT CAUSES OF THE MOST PRESSING SOCIAL ISSUES IN CENTRAL FLORIDA. THE GRANT-MAKING PROGRAM INCLUDES AWARDING SCHOLARSHIPS TO STUDENTS FURTHERING THEIR EDUCATION THROUGH TECHNICAL AND CAREER EDUCATION, UNDERGRADUATE AND GRADUATE PROGRAMS LOCALLY AND BEYOND.
THE FOUNDATION STEWARDS CHARITABLE FUNDS FOR INDIVIDUALS, FAMILIES, BUSINESSES, GOVERNMENTS AND ORGANIZATIONS TO HELP THEM ADDRESS THE SOCIAL ISSUES THAT MATTER MOST TO THEM IN CENTRAL FLORIDA AND BEYOND. THIS PROGRAM ALSO HELPS PEOPLE TO CONSIDER THEIR LEGACY AND HOW IT WILL LIVE ON AFTER THEIR PASSING TO CONTINUE TO IMPROVE THE QUALITY OF LIFE IN CENTRAL FLORIDA.
NONPROFIT SEARCH IS AN ONLINE SEARCHABLE DATABASE OF PROFILES WITH INFORMATION PROVIDED BY NONPROFITS AND VALIDATED BY FOUNDATION STAFF. OUR NONPROFIT SEARCH IS DESIGNED TO HELP PEOPLE EASILY FIND NONPROFITS IN ORDER TO MAKE STRONGER GIVING DECISIONS. IN COLLABORATION WITH OTHER COMMUNITY FOUNDATIONS AROUND THE COUNTRY, CENTRAL FLORIDA FOUNDATION WAS ONE OF THE PIONEERS OF THIS RESOURCE AND WAS ONE OF THE FIRST IN THE COUNTRY TO USE IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Brewer President/ceo | OfficerTrustee | 50 | $183,627 |
Nicole Donelson Vice President Of Philanthropy | Officer | 45 | $123,970 |
Meghan Warrick Evp/cfo | Officer | 40 | $109,333 |
Ashley Hill Treasurer | OfficerTrustee | 2 | $0 |
Kay Rawlins Secretary | OfficerTrustee | 1 | $0 |
Thomasa Sanchez Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,738,334 |
| Investment income | $1,173,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,791,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,840,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $105,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $438,929 |
| Compensation to disqualified persons | $425,453 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $28,710 |
| Other employee benefits | $199,142 |
| Payroll taxes | $60,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,508 |
| Fees for services: Accounting | $24,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $260,379 |
| Fees for services: Other | $184,033 |
| Advertising and promotion | $88,498 |
| Office expenses | $22,298 |
| Information technology | $87,920 |
| Royalties | $0 |
| Occupancy | $111,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,816 |
| Insurance | $19,078 |
| All other expenses | $0 |
| Total functional expenses | $6,880,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,173 |
| Savings and temporary cash investments | $2,369,795 |
| Pledges and grants receivable | $143,086 |
| 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 | $7,284 |
| Investments—publicly traded securities | $69,930,125 |
| Investments—other securities | $6,394,202 |
| Investments—program-related | $521,061 |
| Intangible assets | $0 |
| Other assets | $117,170 |
| Total assets | $80,276,418 |
| Accounts payable and accrued expenses | $7,161 |
| Grants payable | $2,048,476 |
| 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 | $113,729 |
| Total liabilities | $2,169,366 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $78,107,052 |
Grants Awarded
Over the last fiscal year, Central Florida Foundation Inc has awarded $4,599,955 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: SEE PART IV | $910,360 |
CENTRAL FLORIDA REGIONAL HOUSING TRUST INC PURPOSE: Operating Support | $329,686 |
Maitland, FL PURPOSE: General contribution | $209,485 |
Arlington, VA PURPOSE: SEE PART IV | $201,000 |
Orlando, FL PURPOSE: SEE PART IV | $200,200 |
Orlando, FL PURPOSE: Child care eligibility | $165,067 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Florida Foundation Inc has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
Hoke Maroon Foundation Inc Winter Park, FL PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $1,800 |
Endowment Analysis
| Beg. Balance | $49,389,455 |
| Earnings | $15,622,624 |
| Admin Expense | $1,103,774 |
| Net Contributions | $201,314 |
| Grants | $1,525,310 |
| Ending Balance | $62,584,309 |
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 |