Community Foundation Of South Lake County Inc
- Assets
- $17.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Clermont, FL
- Founding
- 04/1996
- Data as of
- 09/2021
- EIN
- 59-3343026
Organization Overview
Community Foundation Of South Lake County Inc is located in Clermont, FL. The organization was established in 1996. 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 09/2021, Community Foundation Of South Lake County Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of South Lake 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 09/2021, Community Foundation Of South Lake County Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.1m during the year ending 09/2021. While expenses have increased by 15.0% 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.
Since 2015, Community Foundation Of South Lake County Inc has awarded 85 individual grants totaling $2,263,180. 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
SERVING OUR COMMUNITY THROUGH THE CONNECTING OF RESOURCES AND INTENTIONAL PHILANTHROPIC GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT GRANTS FOR THE BENEFIT OF SOUTH LAKE COUNTY, FLORIDA RESIDENTS.
PROGRAM SERVICE EXPENSES NECESSARY TO MANAGE THE PROGRAM TO ACHIEVE OUR EXEMPT PURPOSE.
EDUCATION GRANTS TO PROMOTE EDUCATION FOR STUDENTS RESIDING IN SOUTH LAKE COUNTY, FLORIDA. GRANTS ARE PROVIDED TO VARIOUS SCHOOLS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Sewell Immediate Past President | OfficerTrustee | 1 | $0 |
Kathy Smith Executive Director | Officer | 40 | $0 |
Sandy Simmons Vice Chairman | Officer | 2 | $0 |
Mike Bucher Chairman | Officer | 2 | $0 |
Doneth Rose Treasurer | Officer | 2 | $0 |
Donald Keene Secretary | Officer | 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 | $2,520,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,520,608 |
| Total Program Service Revenue | $0 |
| Investment income | $325,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,425 |
| Net Gain/Loss on Asset Sales | $417,289 |
| Net Income from Fundraising Events | -$617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,315,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,578,823 |
| Grants and other assistance to domestic individuals. | $55,283 |
| 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 | $204,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,386 |
| Payroll taxes | $13,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,166 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,498 |
| Office expenses | $16,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,496 |
| Travel | $1,322 |
| 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 | $21,900 |
| Insurance | $10,200 |
| All other expenses | $21,709 |
| Total functional expenses | $2,078,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,765 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,711 |
| Net Land, buildings, and equipment | $1,157,103 |
| Investments—publicly traded securities | $15,994,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,998 |
| Total assets | $17,602,287 |
| Accounts payable and accrued expenses | $21,186 |
| Grants payable | $20,174 |
| 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 | $712,830 |
| Total liabilities | $754,190 |
| Net assets without donor restrictions | $16,848,097 |
| 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 | $17,602,287 |
Grants Awarded
Over the last fiscal year, Community Foundation Of South Lake County Inc has awarded $1,310,698 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Leesburg, FL | | $400,000 |
FAITH NEIGHBORHOOD CENTER | | | $158,513 |
Clermont, FL | | $142,011 |
Clermont, FL | | $123,818 |
Clermont, FL | | $118,982 |
Clermont, FL | | $64,548 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Foundation Of South Lake County Inc has recieved totaling $70,005.
| Awarding Organization | Amount |
|---|---|
Morgridge Family Foundation Wilmington, DE PURPOSE: COVID RELIEF EFFORTS | $70,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
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 |