Key Biscayne Community Foundation Inc
- Assets
- $11.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Key Biscayne, FL
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 30-0239421
Organization Overview
Key Biscayne Community Foundation Inc is located in Key Biscayne, FL. The organization was established in 2004. 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 12/2021, Key Biscayne Community Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Biscayne Community 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 12/2021, Key Biscayne Community Foundation Inc generated $4.6m 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 (8.0%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Key Biscayne Community Foundation Inc has awarded 51 individual grants totaling $926,282. 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
THE KEY BISCAYNE COMMUNITY FOUNDATION ADDRESSES COMMUNITY NEEDS AND EFECTS POSITIVE CHANGE. BY CLOSELY MONITORING LOCAL ISSUES, OPPORTUNITIES AND RESOURCES, KBCF HAS AN IN-DEPTH UNDERSTANDING OF THE REGION CHALLENGES, AND THE ORGANIZATIONS ADDRESSING THEM. TOGETHER WITH OUR VOLUNTEERS, WE WORK TO ESTABLISH INITIATIVES FOR CHANGE ACROSS SUBJECT AREAS ESSENTIAL TO THE WELL-BEING OF EVERY COMMUNITY MEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO ENABLE, FACILITATE, AND EMPOWER RESIDENTS TO MAKE A POSITIVE DIFFERENCE IN THE LOCAL AND GREATER COMMUNITIES THROUGH PROGRAMS, GRANT MAKING, FISCAL SPONSORSHIP, AND COMMUNITY LEADERSHIP.THE KEY BISCAYNE COMMUNITY FOUNDATION ALSO OFFERS GRANTS TO SUPPORT CHARITABLE ORGANIZATIONS ON AND OFF THE ISLAND. WE BELIEVE THAT WE ARE A COMMUNITY WITHIN A COMMUNITY, SO THE FOUNDATION LOOKS TO IMPROVE THE QUALITY OF LIFE FOR BOTH THE RESIDENTS OF KEY BISCAYNE AND GREATER MIAMI-DADE COUNTY.THE KEY BISCAYNE COMMUNITY FOUNDATION PARTNERS WITH LOCAL ORGANIZATIONS TO FACILITATE CHANGE, BUILD COMMUNITY SUPPORT, AND CREATE LONG-TERM SUSTAINABILITY FOR FAMILIES AND COMMUNITIES IN NEED. THESE GOALS ARE REACHED THROUGH A COLLECTIVE IMPACT APPROACH AND THROUGH OTHER FORMS OF COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Mccaughan White Executive Director | Officer | 40 | $130,000 |
Gary Gross Chair | OfficerTrustee | 2 | $0 |
Bill Rohrer Treasurer | OfficerTrustee | 2 | $0 |
Claudine Coto Secretary | OfficerTrustee | 2 | $0 |
Richard Goldstein Vice Chair | OfficerTrustee | 2 | $0 |
Carlos Battle Director | Trustee | 2 | $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 | $2,715,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,715,521 |
| Total Program Service Revenue | $1,537,363 |
| Investment income | $322,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,625,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $633,782 |
| Grants and other assistance to domestic individuals. | $340,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation of current officers, directors, key employees. | $20,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,084 |
| Payroll taxes | $41,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,343 |
| Advertising and promotion | $50,128 |
| Office expenses | $11,445 |
| Information technology | $6,223 |
| Royalties | $0 |
| Occupancy | $35,932 |
| 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 | $3,127 |
| Insurance | $8,830 |
| All other expenses | $3,325 |
| Total functional expenses | $3,645,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,578,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $109,460 |
| 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 | $8,941,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $11,632,536 |
| Accounts payable and accrued expenses | $3,866 |
| 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 | $150,000 |
| Total liabilities | $153,866 |
| Net assets without donor restrictions | $3,260,897 |
| Net assets with donor restrictions | $8,217,773 |
| 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 | $11,632,536 |
Grants Awarded
Over the last fiscal year, Key Biscayne Community Foundation Inc has awarded $603,782 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Miami Shores, FL PURPOSE: HUMANITARIAN | $98,832 |
KB CHILDREN & EDUCATIONAL FOUNDATION PURPOSE: HUMANITARIAN | $80,000 |
Miami, FL PURPOSE: EDUCATION | $55,000 |
BAPTIST HEALTH SOUTH FOUNDATION PURPOSE: HUMANITARIAN | $50,000 |
AMERICAN EXPRESS PURPOSE: HUMANITARIAN | $43,750 |
GMJF PURPOSE: HUMANITARIAN | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Key Biscayne Community Foundation Inc has recieved totaling $927,421.
| Awarding Organization | Amount |
|---|---|
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $434,343 |
Himan Brown Charitable Tr New York, NY PURPOSE: GENERAL | $200,000 |
Himan Brown Charitable Tr New York, NY PURPOSE: GENERAL | $100,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Graham Family Charitable Foundation East Hampton, NY PURPOSE: SUPPORTS VARIOUS CAUSES IN THE COMMUNITY TO EFFECT POSITIVE CHANGE | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $35,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |