Southwest Florida Community Foundation Inc
- Assets
- $159.0m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Fort Myers, FL
- Founding
- 12/1976
- Data as of
- 06/2023
- EIN
- 59-6580974
Organization Overview
Southwest Florida Community Foundation Inc, operating under the name Collaboratory, is located in Fort Myers, FL. The organization was established in 1976. 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 06/2023, Collaboratory employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collaboratory 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 06/2023, Collaboratory generated $21.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $16.7m during the year ending 06/2023. While expenses have increased by 12.0% per year over the past 8 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, Collaboratory has awarded 1,274 individual grants totaling $47,610,544. 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
THE SOUTHWEST FLORIDA COMMUNITY FOUNDATION'S MISSION IS TO SOLVE ALL SOCIAL ISSUES IN SOUTHWEST FLORIDA BY 2040.
Describe the Organization's Program Activity:
NON-COMPETITIVE GRANTS ARE PROCESSED THROUGH DESIGNATED, AGENCY, AND DONOR ADVISED FUNDS. DESIGNATED AND AGENCY FUNDS ARE GENERALLY DISTRIBUTED DURING FIRST QUARTER OF THE CALENDAR YEAR, UNLESS SPECIFIED BY A DISTRIBUTION PAYMENT SCHEDULE. DONOR ADVISED FUNDS ARE PROCESSED THROUGHOUT THE YEAR. DONOR ADVISORS MAY RECOMMEND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS, BUT THE FOUNDATION, DBA COLLABORATORY RETAINS FULL DISCRETION OF DISBURSEMENT APPROVALS.
COLLABORATORY RECEIVES, DISTRIBUTES AND ADMINISTERS PROGRAM FUNDS TO SUPPORT THE REGION BY BUILDING A STRONGER NETWORK FOR COLLABORATIVE LEADERSHIP.
SCHOLARSHIP FUNDS ARE DESIGNED TO MEET THE DONOR'S INTENT AND WISHES. SCHOLARSHIP AWARDS MADE THROUGH THE FOUNDATION'S, DBA COLLABORATORY SCHOLARSHIP PROGRAM FOLLOWING GUIDELINES AND PROCESSES THAT INCLUDE APPLICATIONS, NONDISCRIMINATORY SELECTIONS, AND PAYMENT EXECUTION PROCESSES. THE FOUNDATION, DBA COLLABORATORY DISTRIBUTES SCHOLARSHIP AWARDS DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF THE AWARDED STUDENT. THE SCHOLARSHIP PROCESS HAS BEEN REFINED TO INCREASE MULTI-YEAR SCHOLARSHIPS, TO ASSIST ALL STUDENT APPLICANTS (REGARDLESS OF RACE, ETHNICITY, GENDER, ETC.) BY OPENING MORE SCHOLARSHIP FUNDING OPPORTUNITIES BASED ON THE STUDENT APPLICANT'S ELIGIBILITY, AND TO ASSIST STUDENTS SEEKING CERTIFICATIONS FROM TECHNICAL COLLEGES.
COMPETITIVE GRANTS ARE FUNDED BY FIELD OF INTEREST AND UNRESTRICTED FUNDS. ALIGNED WITH THE GOALS OF COLLABORATORY, COMPETITIVE GRANTS ARE USED TO FUND THE BANDWIDTH REQUIRED FOR COALITIONS TO START AND SUSTAIN. PRIORITIES ARE DETERMINED BY A CALL FOR INFORMATION FROM INTERESTED ORGANIZATIONS. GRANTS ARE TO BE AWARDED TO NONPROFITS THAT SERVE AS THE BACKBONE FOR A COALITION THAT ADDRESSES THE WHOLE SYSTEM, SUCH AS HOUSING OR HEALTH AND WELLNESS. FUNDING IS FOR THREE YEARS, CONTINGENT ON SUCCESSFUL PERFORMANCE EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Owen President/ceo | OfficerTrustee | 55 | $350,413 |
Aysegul Timur Chair | OfficerTrustee | 3 | $0 |
Gail Markham Vice Chair And Secretary/treasurer | OfficerTrustee | 3 | $0 |
Robbie Roepstorff Immediate Past Chair | OfficerTrustee | 3 | $0 |
Chauncey Goss Trustee | Trustee | 3 | $0 |
Dale Reiss Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advertising For Humanity Inc Marketing & Communication | 6/29/23 | $351,726 |
Rivet Brands Marketing & Communication | 6/29/23 | $113,303 |
Hopeful Images Photojournalism & Story Telling | 6/29/23 | $101,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $408,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,363,199 |
| Noncash contributions included in lines 1a–1f | $2,060,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,771,646 |
| Total Program Service Revenue | $0 |
| Investment income | $2,588,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$471,127 |
| Net Gain/Loss on Asset Sales | -$574,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,592,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,172,291 |
| Grants and other assistance to domestic individuals. | $1,139,859 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $753,061 |
| Compensation of current officers, directors, key employees. | $210,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,618,677 |
| Pension plan accruals and contributions | $13,396 |
| Other employee benefits | $195,721 |
| Payroll taxes | $120,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,524 |
| Fees for services: Accounting | $55,010 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,601 |
| Fees for services: Other | $751,832 |
| Advertising and promotion | $0 |
| Office expenses | $157,185 |
| Information technology | $278,574 |
| Royalties | $0 |
| Occupancy | $210,000 |
| Travel | $15,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,537 |
| Interest | $159,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,246 |
| Insurance | $116,756 |
| All other expenses | $518,415 |
| Total functional expenses | $16,701,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,527,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,692,668 |
| Accounts receivable, net | $466,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,711,376 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $119,513 |
| Net Land, buildings, and equipment | $1,946,599 |
| Investments—publicly traded securities | $115,689,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,884,588 |
| Total assets | $159,037,731 |
| Accounts payable and accrued expenses | $315,318 |
| Grants payable | $2,087,269 |
| Deferred revenue | $414,358 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,639,537 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,587,364 |
| Total liabilities | $14,343,846 |
| Net assets without donor restrictions | $91,779,210 |
| Net assets with donor restrictions | $36,260,664 |
| 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 | $159,037,731 |
Grants Awarded
Over the last fiscal year, Southwest Florida Community Foundation Inc has awarded $9,140,347 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOMEOWNERSHIP FOUNDATION INC PURPOSE: SPECIFIC PROGRAM | $15,000 |
ALL HOUND RESCUE OF FLORIDA INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
ALPHA & OMEGA FREEDOM MINISTRIES INC PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
ALVIN A DUBIN ALZHEIMER'S RESOURCE CENTER INC PURPOSE: GENERAL OPERATING SUPPORT | $8,718 |
AMERICAN NATIONAL RED CROSS PURPOSE: SPECIFIC PROGRAM | $52,000 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY OF ANIMALS PURPOSE: GENERAL OPERATING SUPPORT | $6,076 |