Celebration Foundation Inc
- Assets
- $2.0m
- Revenue
- $583.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Celebration, FL
- Founding
- 11/1998
- Data as of
- 09/2022
- EIN
- 59-3370753
Organization Overview
Celebration Foundation Inc is located in Celebration, FL. The organization was established in 1998. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Celebration Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Celebration 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 09/2022, Celebration Foundation Inc generated $583.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $459.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING BETTER COMMUNITY THROUGH THE ARTS, CULTURE AND EDUCATION BY OFFERING A WIDE VARIETY OF PROGRAMMING AND EDUCATIONAL OPPORTUNITIES FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CELEBRATION LIFELONG: GENEROUS VOLUNTEER INSTRUCTORS ARE THE KEY TO CELEBRATION LIFELONG, AN EXTRAORDINARY EDUCATIONAL OPPORTUNITY FOR ADULTS OF ANY AGE TO LIVE IN CELEBRATION OR ITS ENVIRONS. CELEBRATION LIFELONG MEMBERS ENJOY CLASSES, LECTURES AND CLUBS.CONCERT SERIES:REGARDED AS ONE OF THE BEST IN CENTRAL FLORIDA, THE CONCERT SERIES WAS FOUNDED WITH THE BELIEF THAT GREAT COMMUNITIES DESERVE GREAT MUSIC. THE CONCERT SERIES HONORS CENTRAL FLORIDA TALENT, FEATURES NATIONALLY ACCLAIMED ARTISTS AND PROMOTES ARTS APPRECIATION TO STUDENTS.HOLIDAY HOME TOUR & WINTER WONDERLAND BRINGS MANY SEASONS OF JOY IN DECEMBER TO CELEBRATION AND ITS VISITORS THROUGH DECORATED HOMES AND OUR WINTER WONDERLAND.LEARNING WITHOUT HUNGER IS AN EFFORT TO ELIMINATE CHILDHOOD HUNGER BY PARTNERING WITH OTHER ORGANIZATIONS TO PROVIDE WEEKEND FOOD TO OSCEOLA SCHOOL CHILDREN WITH FOOD INSECURITY.MEMORIAL GARDEN PROVIDES A SPECIAL PLACE FOR CELEBRATION RESIDENTS TO REMEMBER LOVED ONES WHO HAVE PASSED.NEW URBANISM PRESERVES, PROTECTS, AND ADVANCES CELEBRATION'S UNIQUE HISTORY AND ARCHITECTURAL STYLE THROUGH TEACHING CLASSES AT CELEBRATION LIFELONG, HOSTING GUEST SPEAKERS, AND OFFERING ARCHITECT-LED WALKING TOURS OF CELEBRATION.SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS WHO RESIDE IN CELEBRATION OR ATTEND CELEBRATION HIGH SCHOOL TO ASSIST THEM IN FURTHERING THEIR EDUCATION.THRIVING IN PLACE HELPS CELEBRATION RESIDENT MEMBERS WHO ARE AGING OR LIVING WITH A DISABLILITY REMAIN IN THER HOMES LIVING INDEPENDENT AND ENRICHED LIVES THROUGH VOLUNTEER DRIVEN SERVICES AND SOCIALIZATION OPPORTUNITIES.WOMEN'S INITIATIVE NURTURING GIRLS' STRENGTH (WINGS) WAS CREATED TO EXPLORE WAYS IN WHICH GIRLS AND WOMEN CAN REACH THEIR HIGHEST POTENTIAL. GOAL SETTING, LEADERSHIP QUALITIES, AND POSITIVE SELF-IMAGE ARE SOME OF THE TOPICS EXPLORED THROUGH POWER LUNCHES AND REGIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Sipio Executive Director | Officer | 40 | $100,182 |
Dr Hazel Johnson President | OfficerTrustee | 10 | $0 |
Mike Jackson Vice President | OfficerTrustee | 10 | $0 |
Joe Delosa Treasurer | OfficerTrustee | 8 | $0 |
Dolores Salvo Director | Trustee | 2 | $0 |
Kathleen Carlson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,710 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,118 |
| Total Program Service Revenue | $261,823 |
| Investment income | $127,835 |
| 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 | $583,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,182 |
| Compensation of current officers, directors, key employees. | $18,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,224 |
| Payroll taxes | $17,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $7,106 |
| Office expenses | $13,513 |
| Information technology | $2,945 |
| Royalties | $0 |
| Occupancy | $16,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $670 |
| Insurance | $4,999 |
| All other expenses | $0 |
| Total functional expenses | $459,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,936 |
| Savings and temporary cash investments | $5,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,017 |
| 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 | $5,331 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,721,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,310 |
| Total assets | $1,989,325 |
| Accounts payable and accrued expenses | $17,658 |
| Grants payable | $0 |
| Deferred revenue | $40,280 |
| 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 | $57,938 |
| Net assets without donor restrictions | $1,694,797 |
| Net assets with donor restrictions | $236,590 |
| 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 | $1,989,325 |
Grants Awarded
Over the last fiscal year, Celebration Foundation Inc has awarded $18,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kissimmee, FL PURPOSE: scholarships | $12,500 |
Orlando, FL PURPOSE: scholarships | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Celebration Foundation Inc has recieved totaling $54,433.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Inc Altamonte Springs, FL PURPOSE: General Support | $40,000 |
Kelly Family Cuidiu Foundation Latham, NY PURPOSE: GENERAL CHARITABLE | $7,500 |
David And Lyn Berelsman Family Charitable Foundation Trust Celebration, FL PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $6,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $133 |
Endowment Analysis
| Beg. Balance | $2,034,517 |
| Earnings | -$463,135 |
| Admin Expense | $13 |
| Net Contributions | $175,000 |
| Grants | $947 |
| Ending Balance | $1,745,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Community Action Agency Inc Warner Robins, GA | $16,341,072 | $22,831,076 |
Dannon Project Birmingham, AL | $2,922,674 | $5,792,591 |
211 Tampa Bay Cares Inc Clearwater, FL | $2,619,145 | $5,287,939 |
Heart Of Ga Community Action Council Inc Warner Robins, GA | $1,148,335 | $3,700,784 |
Community Assistance Center Inc Atlanta, GA | $5,646,342 | $4,660,397 |
Mt Olive Community Outreach Center Inc Albany, GA | $5,405,895 | $2,935,637 |
Crisis Services Of North Alabama Huntsville, AL | $1,726,026 | $2,795,919 |
Anna Maria Island Lodge 2188 Loyal Order Of Moose Bradenton Beach, FL | $5,635,764 | $2,307,558 |
Leadership Florida Statewide Community Foundation Inc Tallahassee, FL | $4,479,499 | $2,568,005 |
Georgia Mountain Womens Center Inc Cornelia, GA | $2,086,462 | $1,989,958 |
Johns Island Community Service League Vero Beach, FL | $3,149,247 | $2,126,679 |
Project Safe Inc Athens, GA | $2,591,445 | $1,791,637 |