Community Foundation For Brevard Inc
- Assets
- $32.3m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Melbourne, FL
- Founding
- 12/1981
- Data as of
- 12/2021
- EIN
- 59-2114988
Organization Overview
Community Foundation For Brevard Inc is located in Melbourne, FL. The organization was established in 1981. 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, Community Foundation For Brevard Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Brevard 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, Community Foundation For Brevard Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation For Brevard Inc has awarded 230 individual grants totaling $5,519,105. 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
TO INSPIRE AND SUPPORT POWERFUL, REWARDING PHILANTHROPY TO MAKE BREVARD COUNTY A STRONGER, MORE VIBRANT COMMUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: COMMUNITY FOUNDATION FOR BREVARD ADMINISTERS MORE THAN 100 INDIVIDUAL, FAMILY, AND CORPORATE FUNDS, AND MANAGES MULTIPLE COMPETITIVE AND NON-COMPETITIVE GRANT PROGRAMS. BUILT ON ELEMENTS OF A THRIVING COMMUNITY AND GUIDED BY DONOR INTENT, THE GRANTS SUPPORT COMMUNITY NEEDS AND ISSUES LIKE ARTS AND CULTURE, BASIC HUMAN NEEDS, EDUCATION, ECONOMIC OPPORTUNITY, COMMUNITY LEADERSHIP, ENVIRONMENT AND ANIMAL WELFARE, MEDICAL RESEARCH, AND MORE. THE FOUNDATION'S STAFF AND VOLUNTEER ADVISORY COMMITTEES CARRY OUT STRATEGIES AND APPROVE GRANTS AND SCHOLARSHIPS. GRANTS SUPPORT CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF NONPROFIT ORGANIZATION; THE MAJORITY ARE LOCATED IN BREVARD COUNTY, BUT GRANTS CAN BE MADE TO ANY US-BASED CHARITY.
ENGAGED PHILANTHROPY: AS PART OF OUR PERSONALIZED SERVICES TO DONORS, WE WORK CLOSELY WITH EVERY DONOR TO CONSULT ON THEIR UNIQUE PHILANTHROPIC NEEDS AND GOALS. OUR PROFESSIONAL STAFF PROVIDES INDIVIDUALIZED SUPPORT IN CREATING STRATEGIC GIVING PLANS, CONNECTING DONORS WITH ORGANIZATIONS AND TRENDS THAT MAY INTEREST THEM, AND ENGAGING FAMILY MEMBERS AND OTHER ADVISORS, AS APPROPRIATE. THE FOUNDATION OFFERS REGULAR EVENTS, TOURS, AND WORKSHOPS ON VARIOUS PHILANTHROPY-RELATED TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Grimison President/ce | Officer | 40 | $135,545 |
Juliana Kreul CPA Treasurer | OfficerTrustee | $0 | |
Amanda G Smith ESQ Chair | OfficerTrustee | $0 | |
Robert J Naberhaus III ESQ Past Chair | OfficerTrustee | $0 | |
Elizabeth O Shorr Secretary | OfficerTrustee | $0 | |
Bob Sukolsky CLU Director | Trustee | $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 | $7,386,323 |
| Noncash contributions included in lines 1a–1f | $3,361,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,386,323 |
| Total Program Service Revenue | $22,725 |
| Investment income | $762,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,062,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,234,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $769,581 |
| Grants and other assistance to domestic individuals. | $54,254 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,545 |
| Compensation of current officers, directors, key employees. | $20,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,828 |
| Pension plan accruals and contributions | $10,236 |
| Other employee benefits | $0 |
| Payroll taxes | $26,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,878 |
| Fees for services: Other | $11,920 |
| Advertising and promotion | $0 |
| Office expenses | $4,559 |
| Information technology | $44,197 |
| Royalties | $0 |
| Occupancy | $23,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,833 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,526 |
| Insurance | $5,702 |
| All other expenses | $0 |
| Total functional expenses | $1,453,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,482 |
| Investments—publicly traded securities | $31,758,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $32,346,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,735,611 |
| 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 | $39,247 |
| Total liabilities | $2,774,858 |
| Net assets without donor restrictions | $4,684,437 |
| Net assets with donor restrictions | $24,887,641 |
| 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 | $32,346,936 |
Grants Awarded
Over the last fiscal year, Community Foundation For Brevard Inc has awarded $649,841 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Rockledge, FL PURPOSE: HOUSING | $55,000 |
Miami, FL PURPOSE: CITIZEN WELFARE | $45,000 |
Melbourne, FL PURPOSE: EDUCATION SUPPORT | $43,000 |
Melbourne, FL PURPOSE: WORKFORCE DEVELOPMEN | $40,000 |
Melbourne, FL PURPOSE: ANIMAL WELFARE | $35,000 |
Melbourne, FL PURPOSE: COMMUNITY DEVELOPMEN | $33,175 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Foundation For Brevard Inc has recieved totaling $904,450.
| Awarding Organization | Amount |
|---|---|
Balda Family Foundation Inc Satellite Beach, FL PURPOSE: SCHOLARSHIPS | $462,413 |
Balda Family Foundation Inc Satellite Beach, FL PURPOSE: SCHOLARSHIPS | $439,286 |
Balda Family Foundation Inc Satellite Beach, FL PURPOSE: SCHOLARSHIPS | $2,751 |
Endowment Analysis
| Beg. Balance | $15,010,737 |
| Earnings | $1,393,375 |
| Admin Expense | $157,982 |
| Net Contributions | $2,778,743 |
| Other Expense | $2,855,914 |
| Grants | $331,265 |
| Ending Balance | $15,837,694 |
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 |