Community Foundation Of Broward Inc
- Assets
- $211.6m
- Revenue
- $25.0m
- Investments
- $78.2m
- Employees
- 23
- Location
- Fort Lauderdale, FL
- Founding
- 11/1988
- Data as of
- 06/2019
- EIN
- 59-2477112
Organization Overview
Community Foundation Of Broward Inc is located in Fort Lauderdale, FL. The organization was established in 1988. 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 06/2022, Community Foundation Of Broward Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Broward 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 06/2019, Community Foundation Of Broward Inc generated $25.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $15.1m during the year ending 06/2019. While expenses have increased by 6.2% 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 2021, Community Foundation Of Broward Inc has awarded 681 individual grants totaling $38,652,194. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
REFER TO SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFER TO SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer O'flannery Ceo/president | Officer | 40 | $307,682 |
Nancy Thies VP Of Development | Officer | 40 | $178,293 |
Sheri S Brown VP Of Programs | Officer | 40 | $165,425 |
Carol Dorko Cfo/coo | Officer | 40 | $165,424 |
Kirk Englehardt VP Of Marketing And Commun | Officer | 40 | $164,424 |
Mark Kotler Senior Director Of Philanthropy | 40 | $130,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,052,553 |
| Investment income | $3,750,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$857,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,953,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $880,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,382 |
| Pension plan accruals and contributions | $102,511 |
| Other employee benefits | $130,375 |
| Payroll taxes | $95,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,060,662 |
| Fees for services: Other | $229,420 |
| Advertising and promotion | $1,811 |
| Office expenses | $16,169 |
| Information technology | $64,340 |
| Royalties | $0 |
| Occupancy | $306,308 |
| Travel | $2,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,840 |
| Insurance | $17,659 |
| All other expenses | $123,708 |
| Total functional expenses | $15,141,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,575,396 |
| 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 | $252,879 |
| Investments—publicly traded securities | $114,304,646 |
| Investments—other securities | $78,174,014 |
| Investments—program-related | $500,000 |
| Intangible assets | $0 |
| Other assets | $1,236,865 |
| Total assets | $211,626,969 |
| Accounts payable and accrued expenses | $221,756 |
| Grants payable | $2,174,404 |
| Deferred revenue | $657,998 |
| 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 | $16,822,428 |
| Total liabilities | $19,876,586 |
| Net assets without donor restrictions | $174,085,903 |
| Net assets with donor restrictions | $17,664,480 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $191,750,383 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Broward Inc has awarded $12,873,734 in support to 235 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Lauderdale, FL PURPOSE: EDUCATION/ACADEMIC | $617,288 |
Fort Lauderdale, FL PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $417,578 |
Fort Lauderdale, FL PURPOSE: EDUCATION/ACADEMIC | $357,083 |
Miami, FL PURPOSE: HEALTH AND WELLNESS | $350,907 |
Fort Lauderdale, FL PURPOSE: HUMAN SERVICE | $338,265 |
Ft Lauderdale, FL PURPOSE: HUMAN SERVICE | $321,044 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Community Foundation Of Broward Inc has recieved totaling $3,563,199.
| Awarding Organization | Amount |
|---|---|
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: DELUCA CENTER FOR NONPROFIT EXCELLENCE | $1,500,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $1,066,621 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $417,578 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $338,000 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: DIGNITY IN AGING COLLABORATIVE | $100,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $62,500 |
Endowment Analysis
| Beg. Balance | $246,491,916 |
| Earnings | -$36,834,181 |
| Admin Expense | $2,951,873 |
| Net Contributions | $20,380,813 |
| Other Expense | $1,150,022 |
| Grants | $11,158,099 |
| Ending Balance | $214,778,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
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 |