Foundation For Community Driven Innovation Inc
- Assets
- $165.9k
- Revenue
- $258.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Odessa, FL
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-3887593
Organization Overview
Foundation For Community Driven Innovation Inc, operating under the name Fcdi, is located in Odessa, FL. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fcdi 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, Fcdi generated $258.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $311.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR COMMUNITY DRIVEN INNOVATION MISSION IS DEDICATED TO SUPPORTING ACADEMIC ACHIEVEMENT ECONOMIC DEVELOPMENT AND THE SPIRIT OF INNOVATION THROUGH INSPIRING PROGRAMS AND ACTIVE LEARNING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCED MANUFACTURING AND ROBOTICS CENTER AMROC FAB LAB: THIS PROGRAM HAS BEEN UNDERWAY FOR 5 YEARS HELPING STUDENTS AND ADULTS WITH TECHNICAL TRAINING IN COMPUTER PROGRAMMING MANUFACTURING SKILLS SEWING & TEXTILES CAD DESIGN AND ADVANCED MACHINE TOOLS AND EQUIPMENT. THE PROGRAM HELPS OUR COMMUNITY PARTICIPANTS IN THEIR ABILITY TO OBTAIN HIGHER PAYING JOBS AND CAREERS AND THUS HELPS BUILD OUR OVERALL COMMUNITY ECONOMIC CAPACITY. THIS YEAR AMROC FAB LAB HAS SERVED MORE THAN 300 STUDENTS AND ADULTS AGES K-TO-GRAY WITH TECHNICAL KNOWLEDGE SKILLS AND TECHNOLOGY INSIGHTS.
EQUITY IN ENTREPRENEURSHIP: THIS PROGRAM HELPS BRIDGE THE RACE AND GENDER EQUITY GAP IN EARLY-STAGE ENTREPRENEURSHIP THUS HELPING CREATE MORE INCLUSIVE PATHWAYS TO OUR BUSINESS STARTUP ECOSYSTEM. SINCE THE PROGRAM'S INCEPTION IN 2021 OUR COHORTS HAVE SUCCESSFULLY AIDED THE LAUNCH OF 28 NEW FLORIDA STATE REGISTERED BUSINESSES IN OUR LOCAL COMMUNITY PROVIDING THE FOUNDATIONS FOR BUSINESS SUSTAINABILITY AS WELL AS STARTUP MICRO-SEED FUNDING BASED ON STUDENT PERFORMANCE. MORE THAN 50% OF OUR NEW ENTREPRENEURS COME FROM LOCAL UNDERSERVED COMMUNITIES.
MIDDLE-HIGH SCHOOL STUDENT STEM ENGAGEMENT: OUR PROGRAM SUPPORTS YOUTH EDUCATION IN SCIENCE TECHNOLOGY ENGINEERING AND MATH THROUGH DIRECT HANDS-ON PRACTICAL APPLICATION OF THE ELEMENTS OF STEM TO THEIR TEAM-BASED COMPETITIVE ROBOTICS TECHNOLOGY PROJECTS AND CHALLENGES. LEARNING FAR MORE THAN THEY REALIZE THE PARTICIPATING STUDENTS ARE WELL SUITED FOR PURSUING TECHNICAL DEGREES IN COLLEGE OR SKILLED POSITIONS IN TECHNICAL INDUSTRY. THIS YEAR THE PROGRAM PROVIDED EXPERIENTIAL STEM SERVICES TO APPROXIMATELY 600 STUDENTS FROM LOCAL PUBLIC-SCHOOL TEAMS AS WELL AS OUR OWN IN-HOUSE STUDENT TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Willingham Executive Director | Officer | 65 | $45,000 |
Steven Willingham Finance Officer | Officer | 45 | $37,000 |
Vicky Gonzalez Program Director | Officer | 32 | $26,500 |
Brandy Jackson Program Manager | Officer | 35 | $32,583 |
Clinton Millsap Drone Program Manager | Officer | 20 | $16,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,413 |
| Total Program Service Revenue | $52,946 |
| Investment income | $0 |
| 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 | $258,359 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,250 |
| Compensation of current officers, directors, key employees. | $17,152 |
| 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 | $39,583 |
| Fees for services: Legal | $24 |
| Fees for services: Accounting | $26,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,740 |
| Advertising and promotion | $0 |
| Office expenses | $3,252 |
| Information technology | $25,622 |
| Royalties | $0 |
| Occupancy | $34,333 |
| Travel | $15,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,220 |
| Insurance | $1,919 |
| All other expenses | $234 |
| Total functional expenses | $311,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,945 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,586 |
| 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 | $33,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $692 |
| Total assets | $165,867 |
| Accounts payable and accrued expenses | $20 |
| 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 | $0 |
| Total liabilities | $20 |
| Net assets without donor restrictions | $165,847 |
| 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 | $165,867 |