The Community Foundation For Northeast Florida Inc
- Assets
- $655.4m
- Revenue
- $104.3m
- Investments
- $230.4m
- Employees
- 31
- Location
- Jacksonville, FL
- Founding
- 10/1979
- Data as of
- 12/2023
- 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 12/2023, Community Foundation For Northeast Florida Inc employed 31 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 12/2023, Community Foundation For Northeast Florida Inc generated $104.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $83.1m during the year ending 12/2023. While expenses have increased by 7.4% 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 For Northeast Florida Inc has awarded 4,487 individual grants totaling $169,993,233. 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
2023
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 & 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 & GIRLS; INFANTS & YOUNG CHILDREN; EARLY LITERACY; DIVERSITY & INCLUSION. THE FOUNDATION ALSO SERVES AS A CIVIC LEADER, USING ITS LOCAL KNOWLEDGE, NETWORKS, INFLUENCE & CREATIVITY TO BRING PEOPLE TOGETHER IN WAYS THAT WILL IMPROVE THE COMMUNITY'S QUALITY OF LIFE TODAY & 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George M Egan Trustee | Trustee | 1 | $0 |
Carol Alexander Trustee | Trustee | 1 | $0 |
The Honorable Brian J Davis Chair/trustee/vp | OfficerTrustee | 2 | $0 |
Martha Frye Baker Trustee | Trustee | 1 | $0 |
Michael Dubow Trustee | Trustee | 1 | $0 |
Solomon G Brotman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc Investment Consulting | 12/30/23 | $307,328 |
Sapient Capital Investment Consulting | 12/30/23 | $127,191 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,212 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,882,051 |
| Noncash contributions included in lines 1a–1f | $71,208,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,898,263 |
| Total Program Service Revenue | $78,500 |
| Investment income | $12,984,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $502,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,313,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,952,949 |
| Grants and other assistance to domestic individuals. | $167,820 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,496,728 |
| Compensation of current officers, directors, key employees. | $384,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,630,775 |
| Pension plan accruals and contributions | $137,064 |
| Other employee benefits | $145,860 |
| Payroll taxes | $198,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,306 |
| Fees for services: Accounting | $192,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,828,066 |
| Fees for services: Other | $124,508 |
| Advertising and promotion | $0 |
| Office expenses | $94,184 |
| Information technology | $205,591 |
| Royalties | $0 |
| Occupancy | $444,909 |
| Travel | $7,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,874 |
| Interest | $25,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,671 |
| Insurance | $17,679 |
| All other expenses | $0 |
| Total functional expenses | $83,075,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,495,827 |
| Pledges and grants receivable | $209,725 |
| 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 | $96,108 |
| Net Land, buildings, and equipment | $1,201,220 |
| Investments—publicly traded securities | $357,560,624 |
| Investments—other securities | $230,395,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,437,596 |
| Total assets | $655,396,947 |
| Accounts payable and accrued expenses | $527,231 |
| Grants payable | $27,109,371 |
| Deferred revenue | $1,452,111 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,191,553 |
| 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 | $4,263,902 |
| Total liabilities | $54,544,168 |
| Net assets without donor restrictions | $596,787,467 |
| Net assets with donor restrictions | $4,065,312 |
| 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 | $655,396,947 |
Grants Awarded
Over the last fiscal year, The Community Foundation For Northeast Florida Inc has awarded $76,189,996 in support to 2,248 organizations.
| Grant Recipient | Amount |
|---|---|
FARNSWORTH ART MUSEUM PURPOSE: 75TH ANNIVERSARY SPONSORSHIP | $2,500 |
FARNSWORTH ART MUSEUM PURPOSE: EDELMAN CHALLENGE MATCH | $35,000 |
FIRST COAST NO MORE HOMELESS PETS INC PURPOSE: TO SUPPORT THE LEADING THE WAY CAPITAL CAMPAIGN | $250,000 |
FIRST COAST NO MORE HOMELESS PETS INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $25,000 |
FIRST COAST NO MORE HOMELESS PETS INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $2,719 |
FIRST COAST NO MORE HOMELESS PETS INC PURPOSE: CAPITAL CAMPAIGN | $5,000 |