Key Biscayne Community Foundation Inc
- Assets
- $11.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Key Biscayne, FL
- Founding
- 10/2004
- Data as of
- 12/2022
- 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 12/2022, Key Biscayne Community Foundation Inc employed 11 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 12/2022, Key Biscayne Community Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 4.2% 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.
Since 2020, Key Biscayne Community Foundation Inc has awarded 78 individual grants totaling $1,475,401. 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
2022
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 D1TTERENCE 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 |
|---|---|---|---|
Jorge Mendia MD Director | Trustee | 2 | $0 |
Gary Gross Chair | OfficerTrustee | 2 | $0 |
Ana Gloria Rivas-Vazquez Director | Trustee | 2 | $0 |
Stephen Sonnabend Director | Trustee | 2 | $0 |
Anne Richards Rothe Director | Trustee | 2 | $0 |
Richard Goldstein Vice Chair | OfficerTrustee | 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 | $4,232,114 |
| Noncash contributions included in lines 1a–1f | $5,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,232,114 |
| Total Program Service Revenue | $1,232,424 |
| Investment income | $70,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,609,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $737,158 |
| Grants and other assistance to domestic individuals. | $303,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,750 |
| Compensation of current officers, directors, key employees. | $27,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,408 |
| Payroll taxes | $44,936 |
| 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 | $77,858 |
| Advertising and promotion | $26,981 |
| Office expenses | $22,979 |
| Information technology | $12,022 |
| Royalties | $0 |
| Occupancy | $24,000 |
| 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 | $0 |
| Insurance | $11,705 |
| All other expenses | $8,049 |
| Total functional expenses | $4,067,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,113,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $273,646 |
| 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 | $1,236 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,260,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $11,651,499 |
| Accounts payable and accrued expenses | $26,668 |
| 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 | $176,668 |
| Net assets without donor restrictions | $3,257,058 |
| 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 | $11,651,499 |
Grants Awarded
Over the last fiscal year, Key Biscayne Community Foundation Inc has awarded $549,119 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIENNE ARSHT CENTER FOUNDATION PURPOSE: PERFORMING ARTS | $30,000 |
BIG DOG RACH RESCUE INC PURPOSE: HUMANITARIAN | $12,500 |
AVE MARIA UNIVERSITY INC PURPOSE: HUMANITARIAN | $10,000 |
CAMILLUS HOUSE PURPOSE: HUMANITARIAN | $10,000 |
CARE INC PURPOSE: HUMANITARIAN | $10,000 |
CITY THEATRE INC PURPOSE: HUMANITARIAN | $7,500 |