Community Foundation Of Prince Edward Island
- Assets
- $10.0m
- Revenue
- $897.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Founding
- 06/2002
- Data as of
- 12/2019
- EIN
- 30-0050801
Organization Overview
Community Foundation Of Prince Edward Island is located in null. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2019, Community Foundation Of Prince Edward Island employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Prince Edward Island 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 12/2019, Community Foundation Of Prince Edward Island generated $897.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $525.9k during the year ending 12/2019. While expenses have increased by 6.4% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF PRINCE EDWARD ISLAND (CFPEI) IS A VOLUNTEER DRIVEN REGISTERED CANADIAN CHARITABLE FOUNDATION. IT SEEKS TO IMPROVE THE QUALITY OF LIFE ON PEI, CANADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL GRANTING PROGRAM - GRANTS AND SCHOLARSHIPS ARE DISTRIBUTED PURSUANT TO THE DONOR AGREEMENTS AND ACCORDING TO THE CANADA REVENUE GUIDELINES TO QUALIFIED DONEES. ALL GRANTS ARE TO PEI, CANADA BASED ORGANIZATIONS AND SCHOLARSHIP RECIPIENTS ARE ALL RESIDENTS OF PEI, CANADA. THE FUNDS FOR GRANTING ARE FROM INTEREST EARNED ON THESE CANADIAN ENDOWMENT FUNDS PURSUANT TO THE CANADA REVENUE AGENCY RULES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Robinson Past President | Officer | 5 | $0 |
Jonathan Ross President | Officer | 5 | $0 |
Pam Borden Director | Officer | 1 | $0 |
Tracey Laughlin Director | Officer | 1 | $0 |
Dennis Carver Treasurer | Trustee | 1 | $0 |
Jeff Mackenzie Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,714 |
| Related organizations | $0 |
| Government grants | $11,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $516,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,034 |
| Total Program Service Revenue | $0 |
| Investment income | $324,697 |
| 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 | $897,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $238,181 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,047 |
| Compensation of current officers, directors, key employees. | $105,047 |
| 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 | $7,761 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,037 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,301 |
| Travel | $4,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,532 |
| All other expenses | $0 |
| Total functional expenses | $525,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,741 |
| Savings and temporary cash investments | $98,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,245 |
| 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 | $9,843,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,042,827 |
| Accounts payable and accrued expenses | $14,113 |
| Grants payable | $98,843 |
| 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 | $1,161,065 |
| Total liabilities | $1,274,021 |
| Net assets without donor restrictions | $117,500 |
| Net assets with donor restrictions | $8,651,306 |
| 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 | $10,042,827 |
Endowment Analysis
| Beg. Balance | $7,818,817 |
| Earnings | $289,808 |
| Admin Expense | $93,328 |
| Net Contributions | $395,097 |
| Other Expense | -$695,548 |
| Grants | $238,181 |
| Ending Balance | $8,867,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philippine-American Education Foundation | $8,415,892 | $2,201,649 |
Community Foundation Of Prince Edward Island | $10,042,827 | $897,200 |
Hans And Eugenia Juetting Foundation | $18,165,912 | $466,002 |
Building Baja S Future | $931,001 | $33,640 |
American Chamber Foundation Philippines Inc | $490,940 | $2,484 |