Cape Coral Community Foundation
- Assets
- $13.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Cape Coral, FL
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 23-7410312
Organization Overview
Cape Coral Community Foundation is located in Cape Coral, FL. The organization was established in 1974. 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 06/2021, Cape Coral Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Coral Community Foundation 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 06/2021, Cape Coral Community Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $996.0k during the year ending 06/2021. While expenses have increased by 6.3% 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 2016, Cape Coral Community Foundation has awarded 80 individual grants totaling $1,291,080. 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
TO PROVIDE A POOL OF PHILANTHROPIC FUNDS TO MEET CHARITABLE NEEDS IN THE GREATER CAPE CORAL AREA AND TO ASSIST IN MAKING CHARITABLE GIFTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CARRYING OUT THE ORGANIZATION'S EXEMPT PURPOSE, THE ORGANIZATION INCURRED PROGRAM EXPENSES RELATED TO MANAGING CHARITABLE GIFTS AND ADDRESSING COMMUNITY NEEDS IN EDUCATION, HEALTH, RELIGION, CULTURAL AFFAIRS AND SOCIAL WELFARE.
GIVING ALLIANCE OF WOMEN - CONTRIBUTIONS MADE BY WOMEN FOR THE BENEFIT OF NON PROFITS THAT PROVIDE SERVICES FOR WOMEN AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chatman Executive Di | Officer | 40 | $145,294 |
Joseph Cerino Chair | OfficerTrustee | 1 | $0 |
Tami Cindrich Treasurer | OfficerTrustee | 1 | $0 |
Phil Deems Jr Vice Chair | OfficerTrustee | 1 | $0 |
Terry Frith Chairman | OfficerTrustee | 1 | $0 |
Paul Lodato Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,563 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,995 |
| Total Program Service Revenue | $0 |
| Investment income | $196,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $404,519 |
| Net Income from Fundraising Events | -$25,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,312,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,650 |
| Grants and other assistance to domestic individuals. | $96,716 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,293 |
| Compensation of current officers, directors, key employees. | $72,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,406 |
| Pension plan accruals and contributions | $4,642 |
| Other employee benefits | $23,603 |
| Payroll taxes | $14,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,518 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $299,385 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,006 |
| Office expenses | $14,016 |
| Information technology | $9,888 |
| Royalties | $0 |
| Occupancy | $13,409 |
| Travel | $32 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376 |
| Insurance | $513 |
| All other expenses | $4,268 |
| Total functional expenses | $996,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $30,718 |
| 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 | $9 |
| Investments—publicly traded securities | $12,593,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $728,943 |
| Total assets | $13,735,001 |
| Accounts payable and accrued expenses | $5,800 |
| Grants payable | $2,042 |
| 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 | $55,000 |
| Total liabilities | $62,842 |
| Net assets without donor restrictions | $3,889,623 |
| Net assets with donor restrictions | $9,782,536 |
| 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 | $13,735,001 |
Grants Awarded
Over the last fiscal year, Cape Coral Community Foundation has awarded $173,991 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PASS THRU GRANTS | | | $39,533 |
ST ANDREW CATHOLIC PARISH AND SCHO PURPOSE: EDUCATION | $30,193 |
Fort Myers, FL PURPOSE: PROGRAM SUPPORT | $27,265 |
Louisville, KY | | $25,000 |
Fort Myers, FL | | $25,000 |
Fort Myers, FL PURPOSE: COMMUNITY OUTREACH | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cape Coral Community Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $10,414,830 |
| Earnings | $2,618,324 |
| Admin Expense | $228,179 |
| Net Contributions | $277,748 |
| Grants | $489,222 |
| Ending Balance | $12,593,501 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
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 |