The Community Foundation For Northeast Florida Inc
- Assets
- $630.4m
- Revenue
- $110.9m
- Investments
- $96.3m
- Employees
- 24
- Location
- Jacksonville, FL
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 59-6150746
Organization Overview
The Community Foundation For Northeast Florida Inc is located in Jacksonville, FL. The organization was established in 1979. 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 Northeast Florida Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Northeast Florida 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 Northeast Florida Inc generated $110.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $47.6m during the year ending 12/2021. While expenses have increased by 2.4% 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 2021, Community Foundation For Northeast Florida Inc has awarded 1,169 individual grants totaling $40,476,728. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STIMULATE PHILANTHROPY TO BUILD A BETTER COMMUNITY THROUGH GRANTMAKING THAT IS FAIR AND THOUGHTFUL, INNOVATIVE SERVICE TO THE COMMUNITY THROUGH LEADERSHIP AND COLLABORATION, AND SELF GOVERNANCE THAT RESPECTS THE INTENT OF THE DONOR AND PUTS COMMUNITY FIRST.
Describe the Organization's Program Activity:
BUILDING A BETTER COMMUNITY: THE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE CHANNELS. THE GREATEST NUMBER AWARDED ARE NON-COMPETITIVE ADVISED, WHEREBY GRANT INVESTMENTS ARE ADVISED BY DONORS. OTHER GRANTS, THOSE WHERE PROSPECTIVE GRANTEES SUBMIT PROPOSALS FOR REVIEW, ARE MADE TO NUMEROUS ORGANIZATIONS IN NORTHEAST FLORIDA, WITH PRIMARY EMPHASIS GIVEN TO: SUPPORTING PUBLIC EDUCATION REFORM; NONPROFIT CAPACITY BUILDING; STRENGTHENING NEIGHBORHOODS; IMPROVING THE QUALITY OF LIFE FOR AGING ADULTS; THE ARTS; WOMEN AND GIRLS; INFANTS AND YOUNG CHILDREN; EARLY LITERACY; DIVERSITY AND INCLUSION. THE FOUNDATION ALSO SERVES AS A CIVIC LEADER, USING ITS LOCAL KNOWLEDGE, NETWORKS, INFLUENCE AND CREATIVITY TO BRING PEOPLE TOGETHER IN WAYS THAT WILL IMPROVE THE COMMUNITY'S QUALITY OF LIFE TODAY AND IN THE FUTURE.
STIMULATING PHILANTHROPY: THE FOUNDATION SEEKS TO BE A PARTNER WITH THOSE WHO HAVE PHILANTHROPIC RESOURCES, AND TO HELP THEM WITH STRATEGIES FOR INVESTING IN ORGANIZATIONS AND INSTITUTIONS THAT CAN BUILD A BETTER COMMUNITY. IN MAKING THESE CONNECTIONS, THE FOUNDATION BOTH EQUIPS DONORS TO FOLLOW THEIR PERSONAL PATHS, AND SERVES AS A COMMUNITY LEADER, USING AGGREGATED PHILANTHROPIC RESOURCES TO OPEN NEW PATHWAYS TO SUCCESS.
BUILDING A BETTER COMMUNITY: THE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE CHANNELS. THE GREATEST NUMBER AWARDED ARE NON-COMPETITIVE ADVISED, WHEREBY GRANT INVESTMENTS ARE ADVISED BY DONORS. OTHER GRANTS, THOSE WHERE PROSPECTIVE GRANTEES SUBMIT PROPOSALS FOR REVIEW, ARE MADE TO NUMEROUS ORGANIZATIONS IN NORTHEAST FLORIDA, WITH PRIMARY EMPHASIS GIVEN TO: SUPPORTING PUBLIC EDUCATION REFORM; NONPROFIT CAPACITY BUILDING; STRENGTHENING NEIGHBORHOODS; IMPROVING THE QUALITY OF LIFE FOR AGING ADULTS; THE ARTS; WOMEN AND GIRLS; INFANTS AND YOUNG CHILDREN; EARLY LITERACY; DIVERSITY AND INCLUSION. THE FOUNDATION ALSO SERVES AS A CIVIC LEADER, USING ITS LOCAL KNOWLEDGE, NETWORKS, INFLUENCE AND CREATIVITY TO BRING PEOPLE TOGETHER IN WAYS THAT WILL IMPROVE THE COMMUNITY'S QUALITY OF LIFE.
STIMULATING PHILANTHROPY: THE FOUNDATION SEEKS TO BE A PARTNER WITH THOSE WHO HAVE PHILANTHROPIC RESOURCES, AND TO HELP THEM WITH STRATEGIES FOR INVESTING IN ORGANIZATIONS AND INSTITUTIONS THAT CAN BUILD A BETTER COMMUNITY. IN MAKING THESE CONNECTIONS, THE FOUNDATION BOTH EQUIPS DONORS TO FOLLOW THEIR PERSONAL PATHS, AND SERVES AS A COMMUNITY LEADER, USING AGGREGATED PHILANTHROPIC RESOURCES TO OPEN NEW PATHWAYS TO SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina M Waters President | Officer | 50 | $340,880 |
Grace M Sacerdote Evp&cfo/treasurer | Officer | 50 | $218,039 |
Kathleen Shaw VP | 45 | $134,648 | |
Joanne Cohen Vp/assistant Secretary | Officer | 45 | $129,848 |
John Zell Vp/secretary | Officer | 45 | $126,338 |
Martha Frye Baker Chair/trustee/vp | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stifel Nicolaus Company Investment Consulting | 12/30/21 | $124,482 |
Crewcial Partners Llc Investment Consulting | 12/30/21 | $314,429 |
Crewcial Partners Llc Investment Consulting | 12/30/21 | $314,429 |
Stifel Nicolaus & Company Investment Consulting | 12/30/21 | $124,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $102,361 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,303,534 |
| Noncash contributions included in lines 1a–1f | $34,424,312 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,405,895 |
| Total Program Service Revenue | $27,563 |
| Investment income | $8,049,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,928,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,893,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,597,302 |
| Grants and other assistance to domestic individuals. | $202,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,118,059 |
| Compensation of current officers, directors, key employees. | $310,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,294,378 |
| Pension plan accruals and contributions | $128,079 |
| Other employee benefits | $142,480 |
| Payroll taxes | $163,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,229 |
| Fees for services: Accounting | $56,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,919,451 |
| Fees for services: Other | $79,976 |
| Advertising and promotion | $0 |
| Office expenses | $65,991 |
| Information technology | $70,367 |
| Royalties | $0 |
| Occupancy | $267,424 |
| Travel | $12,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,857 |
| Insurance | $15,363 |
| All other expenses | $42,074 |
| Total functional expenses | $47,593,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,113,950 |
| Pledges and grants receivable | $279,291 |
| 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 | $74,403 |
| Net Land, buildings, and equipment | $534,349 |
| Investments—publicly traded securities | $474,724,813 |
| Investments—other securities | $96,312,540 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,327,741 |
| Total assets | $630,367,087 |
| Accounts payable and accrued expenses | $274,096 |
| Grants payable | $4,062,297 |
| Deferred revenue | $300,122 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,264,088 |
| 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 | $639,975 |
| Total liabilities | $25,540,578 |
| Net assets without donor restrictions | $597,314,649 |
| Net assets with donor restrictions | $7,511,860 |
| 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 | $630,367,087 |
Grants Awarded
Over the last fiscal year, The Community Foundation For Northeast Florida Inc has awarded $40,476,728 in support to 1,169 organizations.
| Grant Recipient | Amount |
|---|---|
Ponte Vedra Beach, FL PURPOSE: GENERAL OPERATING | $1,199,000 |
Greenville, SC PURPOSE: TO HELP ESTABLISH AN ENDOWMENT FOR BUSINESS INNOVATION AND INTELLIGENCE | $1,000,000 |
Jacksonville, FL PURPOSE: $500K GENERAL OPERATING AND $10K TO BE USED FOR THE YOUTH | $510,000 |
Jacksonville, FL PURPOSE: AFGHAN REFUGEE RESETTLEMENT IN JACKSONVILLE | $500,000 |
Jacksonville, FL PURPOSE: GENERAL OPERATING | $500,000 |
Jacksonville, FL PURPOSE: GENERAL OPERATING | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that The Community Foundation For Northeast Florida Inc has recieved totaling $1,349,620.
| Awarding Organization | Amount |
|---|---|
Towe Family Foundation Inc Jacksonville, FL PURPOSE: COMMUNITY SUPPORT | $1,113,617 |
Emergency Assistance Foundation Inc West Palm Beach, FL PURPOSE: Financial Hardship | $72,231 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE MYVILLAGE PROJECT COMMUNITY FUND TO INCREASE ITS CAPACITY TO SUBMIT A SUCCESSFUL AMERICAN RESCUE PLAN GOOD JOBS CHALLENGE GRANT APPLICATION IN JACKSONVILLE, FLORIDA. | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $37,605 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $21,350 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,608 |
Endowment Analysis
| Beg. Balance | $407,558,559 |
| Earnings | $51,587,807 |
| Admin Expense | $2,263,235 |
| Net Contributions | $15,059,587 |
| Grants | $13,266,126 |
| Ending Balance | $458,676,592 |
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 |