Givewell Community Foundation Inc
- Assets
- $419.3m
- Revenue
- $231.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Lakeland, FL
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 59-3649871
Organization Overview
Givewell Community Foundation Inc is located in Lakeland, FL. The organization was established in 2000. 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, Givewell Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Givewell 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 06/2022, Givewell Community Foundation Inc generated $231.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $34.7m during the year ending 06/2022. While expenses have increased by 10.4% per year over the past 7 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 2015, Givewell Community Foundation Inc has awarded 823 individual grants totaling $141,716,000. 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 MISSION OF GIVEWELL COMMUNITY FOUNDATION IS TO CHAMPION CHARITABLE GIVING TO IMPROVE THE QUALITY OF LIFE IN THE AREAS WE SERVE, BOTH NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION EMBRACES AN UMBRELLA CONCEPT. ITS GOAL IS TO IMPROVE THE QUALITY OF LIFE IN ALL AREAS OF POLK, HARDEE, AND HIGHLANDS COUNTIES. IT DOES THIS BY SERVING THREE CONSTITUENCIES: 1) DONORS: FOR PEOPLE WHO LOVE THE COMMUNITY AND HAVE A DESIRE TO GIVE SOMETHING BACK TO THEIR COMMUNITY, THE FOUNDATION PROVIDES QUALIFIED COUNSEL, GUIDANCE AND STEWARDSHIP IN HELPING THEM MEET THEIR CHARITABLE GOALS; 2) LOCAL NON- PROFIT CHARITIES: THE FOUNDATION DISTRIBUTES MONIES IN ACCORDANCE WITH DONOR DESIRES. IN ADDITION, IT PROVIDES SUPPORT FOR SPECIFIC PROGRAMS AND OFFERS ASSISTANCE IN MANAGING INDIVIDUAL ENDOWMENT FUNDS. 3) THE COMMUNITY AT LARGE: THE FOUNDATION AND ITS BOARD SERVE AS A CATALYST WITH POLK, HARDEE,AND HIGHLANDS COUNTIES IN ADDRESSING THE NEEDS OF OUR COMMUNITY. THROUGH GRANT MAKING BY DONORS, THE FOUNDATION REACHES OUT TO A BROAD SPECTRUM INCLUDING THE ARTS, YOUTH, EDUCATION, HEALTH, SOCIAL SERVICES AND MORE.
WE HELP DONORS AND CHARITABLE ORGANIZATIONS BUILD A BETTER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Attaway President/ce | Officer | 40 | $212,500 |
Lori Martini Vice-Preside | Officer | 40 | $110,850 |
Wesley Barnett Treasurer | OfficerTrustee | 0 | $0 |
Kimberly Elmhorst Board Vice C | OfficerTrustee | 0 | $0 |
Anne Furr Secretary | OfficerTrustee | 0 | $0 |
Jay Gray Board Chair | OfficerTrustee | 0 | $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 | $246,407,928 |
| Noncash contributions included in lines 1a–1f | $209,137,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,407,928 |
| Total Program Service Revenue | $0 |
| Investment income | $8,531,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,364 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,457,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,945,274 |
| 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. | $212,500 |
| Compensation of current officers, directors, key employees. | $53,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,796 |
| Pension plan accruals and contributions | $10,786 |
| Other employee benefits | $41,396 |
| Payroll taxes | $46,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,190 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $636,867 |
| Fees for services: Other | $6,357 |
| Advertising and promotion | $19,191 |
| Office expenses | $52,497 |
| Information technology | $52,286 |
| Royalties | $0 |
| Occupancy | $25,280 |
| Travel | $1,451 |
| 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 | $16,309 |
| Insurance | $15,455 |
| All other expenses | $1,461 |
| Total functional expenses | $34,740,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,851,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,413,405 |
| 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 | $17,602 |
| Net Land, buildings, and equipment | $717,618 |
| Investments—publicly traded securities | $381,233,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,628 |
| Total assets | $419,262,531 |
| Accounts payable and accrued expenses | $3,607 |
| 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 | $22,731,352 |
| Total liabilities | $22,734,959 |
| Net assets without donor restrictions | $391,114,167 |
| Net assets with donor restrictions | $5,413,405 |
| 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 | $419,262,531 |
Grants Awarded
Over the last fiscal year, Givewell Community Foundation Inc has awarded $32,945,274 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BONNET SPRINGS PARK FUND PURPOSE: GENERAL CONTRIBUTION | $12,484,810 |
ALL OTHER | | | $6,695,138 |
BONNET SPRINGS PARK PURPOSE: GENERAL FUNDS | $2,804,535 |
FLORIDA SOUTHERN COLLEGE PURPOSE: GENERAL OPERATIONS | $1,361,769 |
Highland City, FL PURPOSE: VARIOUS PROGRAMS | $1,028,820 |
BARNETT BONNET SPRINGS DESIGNATED E PURPOSE: GENERAL CONTRIBUTION | $1,010,400 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Givewell Community Foundation Inc has recieved totaling $207,229.
| Awarding Organization | Amount |
|---|---|
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: General Support | $120,000 |
Cps Cares Inc Lakeland, FL PURPOSE: FLIGHT TO HONOR POLK FUND | $43,000 |
The Dean Family Foundation Venice, FL PURPOSE: CHARITY | $25,000 |
Hilda Sutton And William D Blanton Charitable Foundation Inc Lakeland, FL PURPOSE: EDUCATIONAL | $10,000 |
Lola Mann Memorial Fund Lakeland, FL PURPOSE: SUPPORTS LOCAL CIVIC PROJECTS | $5,500 |
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $1,200 |
Endowment Analysis
| Beg. Balance | $13,023,419 |
| Earnings | $1,637,802 |
| Net Contributions | $1,421,730 |
| Other Expense | -$156,710 |
| Grants | -$537,973 |
| Ending Balance | $12,280,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
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 |