The Community Foundation For Ocala Marion County Inc
- Assets
- $6.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Ocala, FL
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-5098203
Organization Overview
The Community Foundation For Ocala Marion County Inc is located in Ocala, FL. The organization was established in 2011. 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 12/2023, Community Foundation For Ocala Marion County Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Ocala Marion 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 12/2023, Community Foundation For Ocala Marion County Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 13.3% per year over the past 9 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 For Ocala Marion County Inc has awarded 155 individual grants totaling $7,189,943. 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
CONNECTING THE CHARITABLE INTERST OF THE DONOR TO BUILD A STRONGER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND MANAGEMENTA COMMUNITY FOUNDATION IS A TAX EXEMPT, NONPROFIT, PUBLICLY SUPPORTED ORGANIZATION THAT EMPOWERS DONORS TO STRENGTHEN THEIR COMMUNITY, ONE PASSION AT A TIME. THE COMMON MISSION OF EVERY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE LOCAL AREA. THROUGH FUND MANAGEMENT, THE FOUNDATION HELPS TO ACHIEVE THIS. WHETHER IT IS THE CREATION OF A FUND FOR THE INDIVIDUAL LOOKING FOR A TAX DEDUCTION OR THE NONPROFIT AGENCY THAT IS BUILDING PERMANENT ENDOWMENT FUNDS OR EVEN PROVIDING SCHOLARSHIPS FOR STUDENTS, THE FOUNDATION SUPPORTS A VARIETY OF LOCAL NONPROFITS THROUGH GRANTS AND SPECIAL PROJECTS. SINCE THE FOUNDATION'S INCEPTION IN 2011, NONPROFITS HAVE RECEIVED GRANTS TOTALING $7.4 MILLION. AT THE END OF 2023, THE FOUNDATION WAS MANAGING 40 AGENCY FUNDS, 15 ENDOWMENT FUNDS, 37 DONOR ADVISED FUNDS, 7 CORPORATE ADVISED FUNDS, 3 SCHOLARSHIP FUNDS, 1 ANNUITY FUND AND 7 PASS THROUGH FUNDS, RESULTING IN 52% INCREASE OF FUNDS UNDER MANAGEMENT FROM THE PRIOR YEAR.
NONPROFIT BUSINESS COUNCILTHE NONPROFIT BUSINESS COUNCIL (NPBC) WAS FORMED 11 YEARS AGO AS A PART OF THE CHAMBER OF COMMERCE. IN 2016, UNDER PREVIOUS LEADERSHIP, THE COMMUNITY FOUNDATION BEGAN OVERSEEING THE COUNCIL'S OPERATIONS, AND IT HAS CONTINUED TO SIGNIFICANTLY EXPAND SINCE THAT TIME. THE NPBC PROMOTES THE ECONOMIC IMPACT OF NONPROFITS, STRENGTHENS THEIR CAPACITY IN AREAS OF LEADERSHIP FUNDRAISING, BOARD DEVELOPMENT, STAFF DEVELOPMENT AND COMPLIANCE, AND PROVIDES FOR MUCH-NEEDED COLLABORATION AND PHILANTHROPIC EDUCATION. CURRENTLY THE COUNCIL MEMBERSHIP IS MADE UP OF OVER 170 NONPROFITS GOVERNED BY A STEERING COMMITTEE OF NONPROFIT LEADERS REPRESENTING SEVERAL DIFFERENT NONPROFIT SECTORS. THE NPBC HAS THEIR OWN PROGRAMMING RUN BY THE COMMUNITY FOUNDATION WHICH INCLUDES: GUIDE TO CHARITABLE GIVING, MONTHLY PROFESSIONAL DEVELOPMENT MEETINGS, AND YOUTH PHILANTHROPY IN ACTION (YPIA).
NONPROFIT RESOURCE CENTERESTABLISHED IN APRIL OF 2019, THE NONPROFIT RESOURCE CENTER OPENED AS A COLLABORATION AMONG THE FOUNDATION, MARION COUNTY GOVERNMENT, THE CITY OF OCALA, ADVENTHEALTH OCALA AND THE MARION COUNTY HOSPITAL DISTRICT TO HELP GROW AND SUSTAIN OUR NONPROFIT COMMUNITY. THE RESOURCE CENTER PROVIDES A VARIETY OF ASSISTANCE OPTIONS TO HELP OUR NONPROFITS BUILD CAPACITY AND BECOME SUSTAINABLE WHICH INCLUDES; BOARD DEVELOPMENT, COMMUNICATIONS, PR AND MARKETING COUNSELING, VIDEO TRAINING SPONSORED BY COX COMMUNICATIONS, FINANCE AND ACCOUNTING COUNSELING, GRANT SERVICES, PROFESSIONAL DEVELOPMENT COURSES IN PARTNERSHIP WITH ROLLINS COLLEGE CRUMMER GRADUATE SCHOOL OF BUSINESS, MINI TRAINING SEMINARS AND STRATEGIC AND SUSTAINABILITY PLANNING. ALL RESOURCES FOLLOW THE FOUNDATION'S ROADMAP TO SUCCESS WHICH IS A COMPILATION OF STANDARDS DESIGNED TO ENSURE EACH NONPROFIT OPERATES LIKE THE BUSINESS IT IS. SOME OF THE KEY AREAS IN THE ROADMAP ARE; EFFECTIVE GOVERNANCE, HUMAN RESOURCES, FINANCIAL MANAGEMENT, AND MORE.
ESTATE PLANNING COUNCILTHE ESTATE PLANNING COUNCIL PROVIDES A SOURCE OF EDUCATIONAL INFORMATION, A FORUM FOR NETWORKING AMONG DISCIPLINARIANS WHO PRACTICE FACETS OF ESTATE PLANNING, AND PROMOTES INTERDISCIPLINARY COMMUNICATION AND COOPERATION. THE GOAL OF OUR PROFESSIONAL MEMBERS IS TO IMPROVE OUR KNOWLEDGE TO RENDER THE BEST PROFESSIONAL SERVICE TO THE PUBLIC. MEMBERSHIP IS OPEN TO THOSE INDIVIDUALS IN PROFESSIONS THAT DEAL WITH ESTATE PLANNING AND ITS RELATED ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Woods Director - End 9/1/23 | Trustee | 1 | $0 |
Ben Marciano Director | Trustee | 1 | $0 |
Chester Weber Director | Trustee | 1 | $0 |
David Midgett Director | Trustee | 1 | $0 |
Frank Hennessey Chairman | OfficerTrustee | 24 | $0 |
James Hillebrandt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,901 |
| Fundraising events | $109,763 |
| Related organizations | $0 |
| Government grants | $805,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,573,338 |
| Noncash contributions included in lines 1a–1f | $252,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,522,045 |
| Total Program Service Revenue | $156,739 |
| Investment income | $66,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,967 |
| Net Income from Fundraising Events | -$20,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,778,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,538,938 |
| Grants and other assistance to domestic individuals. | $53,584 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,575 |
| Compensation of current officers, directors, key employees. | $26,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,592 |
| Pension plan accruals and contributions | $9,821 |
| Other employee benefits | $9,913 |
| Payroll taxes | $40,012 |
| Fees for services: Management | $19,174 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,732 |
| Advertising and promotion | $4,469 |
| Office expenses | $15,054 |
| Information technology | $16,514 |
| Royalties | $0 |
| Occupancy | $5,430 |
| 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 | $2,961 |
| Insurance | $1,716 |
| All other expenses | $646 |
| Total functional expenses | $2,307,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,831 |
| Savings and temporary cash investments | $270,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,244 |
| 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 | $413 |
| Net Land, buildings, and equipment | $2,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,810,330 |
| Intangible assets | $0 |
| Other assets | $454,032 |
| Total assets | $6,894,883 |
| Accounts payable and accrued expenses | $11,107 |
| Grants payable | $92,549 |
| Deferred revenue | $125,708 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,909,716 |
| 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 | $3,139,080 |
| Net assets without donor restrictions | $3,755,803 |
| 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 | $6,894,883 |
Grants Awarded
Over the last fiscal year, The Community Foundation For Ocala Marion County Inc has awarded $1,247,931 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
EMPOWERED OF CENTRAL FLORIDA PURPOSE: IN ACCORDANCE WITH ARPA FUNDING | $133,000 |
ADVENTHEALTH FOUNDATION PURPOSE: TO SUPPORT THE FOUNDATION'S MISSION | $15,750 |
AMBLESIDE SCHOOLS INTERNATIONAL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $10,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $8,000 |
ARNETTE HOUSE INC PURPOSE: IN ACCORDANCE WITH ARPA FUNDING | $35,000 |
FRIENDS OF MARION COUNTY VETERANS PARK INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $70,500 |