Mount Dora Community Trust
- Assets
- $23.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Mount Dora, FL
- Founding
- 02/1975
- Data as of
- 08/2023
- EIN
- 23-7227875
Organization Overview
Mount Dora Community Trust is located in Mount Dora, FL. The organization was established in 1975. 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 08/2023, Mount Dora Community Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Dora Community Trust 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 08/2023, Mount Dora Community Trust generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. While expenses have increased by 16.2% per year over the past 8 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, Mount Dora Community Trust has awarded 116 individual grants totaling $1,925,017. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1972, THE MOUNT DORA COMMUNITY TRUST AIMS TO ENRICH THE QUALITY OF MOUNT DORA AND NORTHEAST LAKE COUNTY BY MAXIMIZING PERPETUAL GIVING, PROMOTING LEADERSHIP IN THE COMMUNITY, AND PAIRING DONORS WITH THE CAUSES THEY ARE PASSIONATE ABOUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT DORA AREA COMMUNITY GRANTS AND ALLOCATIONS: FOR BENEFIT OF ORGANIZATIONS, GOVERNMENTAL ENTITIES, AND INDIVIDUALS SELECTED BY THE DISTRIBUTION COMMITTEE. THIS ALSO INCLUDES EXPENSES DIRECTLY INCURRED BY THE MOUNT DORA COMMUNITY TRUST FOR PUBLIC, EDUCATIONAL, CHARITABLE, OR BENEVOLENT NEEDS OF THE MOUNT DORA AREA COMMUNITY.
SCHOLARSHIPS: 98 MOUNT DORA AREA STUDENTS WERE AWARDED SCHOLARSHIPS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First National Bank Of Mt Dora Trustee | 40 | $332,976 | |
Rob English Executive Director | Officer | 40 | $89,904 |
Sarah Herrick Program Director | Officer | 40 | $64,808 |
Tabitha Moore Community Impact Coordinator | Officer | 40 | $35,423 |
Kim Delvernois Admin Assistant | Officer | 40 | $17,909 |
Billy Brooks Distribution Committee | Trustee | 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 | $2,525,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,525,575 |
| Total Program Service Revenue | $0 |
| Investment income | $506,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,633 |
| Net Gain/Loss on Asset Sales | $740,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,882,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,440,947 |
| Grants and other assistance to domestic individuals. | $107,029 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,323 |
| Compensation of current officers, directors, key employees. | $94,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000 |
| Payroll taxes | $17,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,936 |
| Fees for services: Accounting | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,931 |
| Travel | $0 |
| 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 | $1,224 |
| Insurance | $18,260 |
| All other expenses | $0 |
| Total functional expenses | $2,341,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302 |
| Savings and temporary cash investments | $2,226,269 |
| 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 | $32,973 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $515,775 |
| Investments—publicly traded securities | $20,318,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,093,907 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,581,860 |
| Net assets with donor restrictions | $16,512,047 |
| 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 | $23,093,907 |
Grants Awarded
Over the last fiscal year, Mount Dora Community Trust has awarded $362,323 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
EARLY LEARNING COALITION PURPOSE: SCHOOL READINESS | $10,000 |
WE CARE OF LAKE COUNTY INC PURPOSE: WE CARE RIDE TO HEALTH | $10,000 |
CAMP BOGGY CREEK PURPOSE: 2023 SUMMER CAMP SESSIONS | $7,500 |
POLKA DOGZ PET RESCUE PURPOSE: ANIMAL SHELTER CONNECTION | $5,000 |
CORNERSTONE HOSPICE FOUNDATION PURPOSE: CAMP BRIDGES FOR GRIEVING CHILDREN | $10,000 |
MOUNT DORA HIGH SCHOOL PURPOSE: MUSIC TECH & SOUND ENGINEERING LAB | $25,000 |