The Immokalee Foundation Inc
- Assets
- $17.0m
- Revenue
- $6.9m
- Investments
- $9.2m
- Employees
- 259
- Location
- Naples, FL
- Founding
- 06/1992
- Data as of
- 06/2021
- EIN
- 65-0315664
Organization Overview
The Immokalee Foundation Inc is located in Naples, FL. The organization was established in 1992. 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 06/2021, Immokalee Foundation Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immokalee 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 06/2021, Immokalee Foundation Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 8.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING PATHWAYS TO SUCCESS FOR THE CHILDREN OF IMMOKALEE. PROVIDE EDUCATIONAL AND CAREER-BUILDING OPPORTUNITIES THAT OPEN THE STUDENTS' EYES TO THEIR PERSONAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE STOCK IN CHILDREN: SCHOLARSHIPS ARE AWARDED TO QUALIFIED SEVENTH-GRADE STUDENTS WHO SUCCESSFULLY FULFILL THEIR PLEDGE TO EARN GOOD GRADES, EXHIBIT GOOD BEHAVIOR, VOLUNTEER COMMUNITY SERVICE TIME AND MEET WEEKLY WITH A MENTOR. STUDENTS ARE AWARDED A COLLEGE SCHOLARSHIP TO ANY FLORIDA STATE COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL UPON HIGH SCHOOL GRADUATION.
CAREER DEVELOPMENT AND LEADERSHIP ACTIVITIES: STUDENTS PARTICIPATE IN VOCATIONAL AND ON-THE-JOB TRAINING, AS WELL AS SUMMER INTERNSHIPS WITH AREA BUSINESSES - EXPERIENCES THAT EMPHASIZE LEADERSHIP, SKILLS DEVELOPMENT, AND COMMUNITY SERVICE. THE PROGRAM ENHANCES THE STUDENTS' PROFESSIONAL SKILLS NECESSARY TO BECOME CONFIDENT, PRODUCTIVE AND SUCCESSFUL CITIZENS. THE PROGRAM ALSO PROVIDES TUITION, SCHOLARSHIPS AND AFTER-SCHOOL TUTORING. THE IMMOKALEE FOUNDATION ALSO PROVIDES SUPPORT FOR EXPERIENCES THAT PROVIDE LEADERSHIP, LIFE SKILLS OPPORTUNITIES AND OPPORTUNITIES TO ATTEND CAMPS, COLLEGE PROGRAMS AND WORKSHOPS.
POST SECONDARY:POST SECONDARY PROVIDES ONGOING ACADEMIC ADVISEMENT AND MENTORSHIP FOR STUDENTS, HELPING THEM TO SET UP INDIVIDUAL ACADEMIC PLANS THAT ALLOW THEM TO GRADUATE FROM POST SECONDARY INSTITUTIONS. THE PROGRAM ASSISTS STUDENTS AS THEY NAVIGATE THE COMPLEX WORLD OF FINANCIAL AID AND HELPS THEM TO MANAGE THEIR POST SECONDARY EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Phillips Vice President Of Philanthropy | OfficerTrustee | 40 | $144,590 |
Noemi Perez President/ceo | OfficerTrustee | 40 | $132,590 |
Yasmin Mohammed CFO | OfficerTrustee | 40 | $86,064 |
Jerry Belle Chairperson | OfficerTrustee | 20 | $0 |
Drew Yurko Treasurer | OfficerTrustee | 10 | $0 |
Alison Douglas Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L2 Enterprise Ltd (Mark Lye) Consulting Fees For Recruiting Professio | 3/30/15 | $104,100 |
Ritz Carlton Of Naples Expenses Relating To Special Events | 3/30/15 | $152,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $389,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,877,902 |
| Noncash contributions included in lines 1a–1f | $296,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,267,391 |
| Total Program Service Revenue | $0 |
| Investment income | $131,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $511,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,929,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $340,030 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,357 |
| Compensation of current officers, directors, key employees. | $86,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,578,494 |
| Pension plan accruals and contributions | $16,507 |
| Other employee benefits | $165,271 |
| Payroll taxes | $153,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,390 |
| Fees for services: Accounting | $80,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,736 |
| Fees for services: Other | $603,189 |
| Advertising and promotion | $93,835 |
| Office expenses | $258,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,231 |
| Travel | $94,603 |
| 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 | $53,866 |
| Insurance | $37,896 |
| All other expenses | $156,090 |
| Total functional expenses | $4,516,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,626 |
| Savings and temporary cash investments | $963,664 |
| Pledges and grants receivable | $1,527,938 |
| 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 | $800 |
| Prepaid expenses and deferred charges | $1,829,821 |
| Net Land, buildings, and equipment | $2,398,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,244,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,998,351 |
| Accounts payable and accrued expenses | $64,748 |
| Grants payable | $6,288 |
| Deferred revenue | $2,000 |
| 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 | $495,935 |
| Other liabilities | $0 |
| Total liabilities | $568,971 |
| Net assets without donor restrictions | $11,622,005 |
| Net assets with donor restrictions | $4,807,375 |
| 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 | $16,998,351 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Immokalee Foundation Inc has recieved totaling $36,500.
| Awarding Organization | Amount |
|---|---|
Karpus Family Foundation Inc Pittsford, NY PURPOSE: GENERAL PURPOSE | $25,000 |
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Mr & Mrs Thomas J Campbell Charitable Foundation Naples, FL PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $1,500 |
Endowment Analysis
| Beg. Balance | $2,533,828 |
| Earnings | $877,814 |
| Other Expense | $877,814 |
| Ending Balance | $2,533,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |