Florida Kiwanis Foundation Inc
- Assets
- $4.7m
- Revenue
- $349.9k
- Investments
- $4.6m
- Employees
- 0
- Location
- Atlantic Beach, FL
- Founding
- 06/1971
- Data as of
- 09/2022
- EIN
- 23-7115348
Organization Overview
Florida Kiwanis Foundation Inc is located in Atlantic Beach, FL. The organization was established in 1971. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, 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. Florida Kiwanis 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, Florida Kiwanis Foundation Inc generated $349.9k 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 (7.8%) each year. All expenses for the organization totaled $428.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Florida Kiwanis Foundation Inc has awarded 36 individual grants totaling $351,316. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE CARING INDIVIDUALS, CLUBS, AND DIVISIONS TO COMBINE THEIR RESOURCES OF TIME, TALENT, AND FUNDS TO CREATE A GREATER IMPACT ON THE NEEDS OF CHILDREN AND FAMILIES IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO VARIOUS KIWANIS CLUBS TO SUPPORT LOCAL COMMUMITY PROJECTS INCLUDING DISASTER RELIEF.
ASSIST KIWANIS SERVICE LEADERSHIP PROGRAMS WHOSE OBJECTIVE IS THE SAME AS OUR ACHIEVEMENT "A".
COLLEGE SCHOLARSHIP PROGRAM - THE FOUNDATION AWARDS ONE TIME $1,000 SCHOLARSHIPS TO GRADUATING KEY CLUB MEMBERS WHO EXEMPLIFY THE SPIRIT OF KIWANIS THROUGH SERVICE, 4 $4,000 SCHOLARSHIPS TO DESERVING FLAGLER COUNTY STUDENTS UNDER THE TERMS OF A BEQUEST, AND 1 $750 SCHOLARSHIP IN ACCORDANCE WITH THE TERMS OF THE CHUCK AND EMILIA GUGLIUZZA SCHOLARSHIP GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Leys Immediate Past President | OfficerTrustee | 1 | $0 |
Dan Borba President | OfficerTrustee | 1 | $0 |
Gwen Leys Secretary | OfficerTrustee | 1 | $0 |
Alex Ralicki Treasurer | OfficerTrustee | 1 | $0 |
Alison Cacella Executive Director | OfficerTrustee | 1 | $0 |
Jim Wylie Senior Advisor | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,146 |
| Total Program Service Revenue | $0 |
| Investment income | $122,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$54,059 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,585 |
| Grants and other assistance to domestic individuals. | $26,000 |
| 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 | $8,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,957 |
| Information technology | $9,417 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $428,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,607 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,633,956 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,710,563 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
| Net assets without donor restrictions | $1,794,139 |
| Net assets with donor restrictions | $2,916,174 |
| 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 | $4,710,563 |
Grants Awarded
Over the last fiscal year, Florida Kiwanis Foundation Inc has awarded $135,970 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Sanford, FL PURPOSE: KEY CLUB GRANT | $21,500 |
FLORIDA DISTRICT OF CIRCLE K INTERNATIONAL PURPOSE: CKI GRANT | $19,000 |
FLORIDA DISCTRICT DIV 3 PURPOSE: MATCHING GRANT | $10,000 |
KIWANIS CLUB OF PINELLAS PARK PURPOSE: MATCHING GRANT | $10,000 |
Bartow, FL PURPOSE: MATCHING GRANT | $10,000 |
KIWANIS CLUB OF DAVIE WEST HOLLYWOOD PURPOSE: BLECHMAN YCPO GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Florida Kiwanis Foundation Inc has recieved totaling $1,075.
| Awarding Organization | Amount |
|---|---|
Lowe Ii Foundation Inc Palm Beach Gardens, FL PURPOSE: TO AID COMMUNITY SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Endowment Analysis
| Beg. Balance | $5,105,757 |
| Earnings | -$928,167 |
| Admin Expense | $33,852 |
| Net Contributions | $84,050 |
| Grants | $84,050 |
| Ending Balance | $4,143,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
100 Black Men Of Atlanta Inc Atlanta, GA | $1,532,763 | $1,952,915 |
Benevolent & Protective Order Of Elks Of The Usa Ocala, FL | $1,483,804 | $650,329 |
100 Black Men Of Greater Orlando Inc Orlando, FL | $201,753 | $400,147 |
Florida Kiwanis Foundation Inc Atlantic Beach, FL | $4,710,563 | $349,851 |
Sanford Lodge No 1851 Loyal Order Of Moose Sanford, FL | $225,455 | $322,780 |
Bay Minette Rotary Village Inc Mobile, AL | $1,727,479 | $237,397 |
Kiwanis Of Little Havana Foundation Inc Miami, FL | $983,640 | $312,027 |
Dekalb County Chapter Of 100 Black Men Of America Inc Atlanta, GA | $194,135 | $296,130 |
Benevolent & Protective Order Of Elks Of The Usa Brandon, FL | $691,708 | $288,227 |
100 Black Men Of South Metro Inc Atlanta, GA | $238,407 | $284,317 |
Rotary International Columbus, GA | $272,568 | $258,748 |
Cape Coral Rotary Foundation Inc Cape Coral, FL | $474,772 | $222,354 |