Coral Springs Community Chest Inc
- Assets
- $13.3k
- Revenue
- $58.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Springs, FL
- Founding
- 11/1989
- Data as of
- 09/2023
- EIN
- 65-0087583
Organization Overview
Coral Springs Community Chest Inc, operating under the name Coral Springs Community Chest, is located in Coral Springs, FL. The organization was established in 1989. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Springs Community Chest 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 09/2023, Coral Springs Community Chest generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $69.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coral Springs Community Chest has awarded 13 individual grants totaling $164,074. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORAL SPRINGS COMMUNITY CHEST INC WAS ORGANIZED TO RAISE FUNDS FOR WORTHY COMMUNITY ORGANIZATIONS, TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS AND TO CONTRIBUTE TO THE NEEDS OF THE CORAL SPRINGS COMMUNITY AS DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS ORGANIZATIONS THAT NEED FINANCIAL HELP IN THE COMMUNITY
THE CORAL SPRINGS COMMUNITY CHEST PICKLEBALL TOURNAMENT RAISED ADDITIONAL FUNDS TO HELP ASSIST OUR LOCAL COMMUNITES REQUEST FOR FINANCIAL ASSISTANCE.
NO SCHOLARSHIP GRANTS TO QUALIFYING STUDENTS THAT NEED FINANCIAL HELP IN THE COMMUNITY WERE GIVEN OUT BEWTEEN 10/01/2022 THRU 09/31/2023. THIS EXEMPT PURPOSE MAY RETURN IN THE FUTURE.
THE CITY OF CORAL SPRINGS PROVIDED FINANCIAL ASSISTENCE AND RESOURCES FOR LOCAL RESIDENTS WHO WERE FINANCIALLY FACING OTHER FINANCIAL ADVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Berk Trustee | OfficerTrustee | $0 | |
Claudette Bruck Trustee | OfficerTrustee | $0 | |
Linda Gloria Trustee | OfficerTrustee | $0 | |
Gladys Gomberg Treasurer | OfficerTrustee | $0 | |
Connie Guice Trustee | OfficerTrustee | $0 | |
Gillian Johnson Trustee | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,643 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,924 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,700 |
| Grants and other assistance to domestic individuals. | $28,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $567 |
| All other expenses | $187 |
| Total functional expenses | $69,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,406 |
| Savings and temporary cash investments | $4,914 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,320 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $13,320 |
| Total liabilities and net assets/fund balances | $13,320 |
Grants Awarded
Over the last fiscal year, Coral Springs Community Chest Inc has awarded $25,473 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIVE WHERE YOU LIVE | | | $14,946 |
VILLA BIANCA CONDOMINIUM | | | $10,527 |