Charlotte Community Foundation Inc
- Assets
- $19.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Punta Gorda, FL
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 65-0455319
Organization Overview
Charlotte Community Foundation Inc is located in Punta Gorda, FL. The organization was established in 1995. 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, Charlotte Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Community 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 12/2021, Charlotte Community Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charlotte Community Foundation Inc has awarded 140 individual grants totaling $4,020,498. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A FACILITATOR OF PHILANTHROPY, CHARLOTTE COMMUNITY FOUNDATION (CCF) ADMINISTERS DONOR ADVISED, DESIGNATED FUNDS, AND OTHER TYPES OF FUNDS TO PROVIDE SUPPORT FOR GENERAL CHARITABLE PURPOSES AS RECOMMENDED BY THE DONOR AND APPROVED BY THE FOUNDATION'S BOARD. CCF HAS PROVIDED SUPPORT IN THE AMOUNT OF $443,593 TO 45 DIFFERENT NONPROFIT ORGANIZATIONS IN 2021. CHARLOTTE COMMUNITY FOUNDATION (CCF) ALSO ADMINISTERS SCHOLARSHIPS FOR CHARLOTTE COUNTY HIGH SCHOOL SENIORS AND CONTINUING EDUCATION STUDENTS. IN 2021 CCF PROVIDED $137,700 IN SCHOLARSHIP FUNDS TO CHARLOTTE COUNTY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Maher Executive Director | Officer | 40 | $99,062 |
Suzanne Herron Chief Financial Officer | Officer | 40 | $82,309 |
Kim Savasuk Treasurer To March 2021; Vice Chair Eff. Apr 2021 | OfficerTrustee | 5 | $0 |
Jane Washburn Vice Chair Thru March 2021 | OfficerTrustee | 5 | $0 |
Brenda Lynch Treasurer Eff. April 2021 | OfficerTrustee | 5 | $0 |
Robert Peterson Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,054,943 |
| Noncash contributions included in lines 1a–1f | $109,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,906 |
| Total Program Service Revenue | $0 |
| Investment income | $388,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,432 |
| Net Gain/Loss on Asset Sales | $21,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,594,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $443,593 |
| Grants and other assistance to domestic individuals. | $139,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,336 |
| Compensation of current officers, directors, key employees. | $75,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,479 |
| Pension plan accruals and contributions | $3,346 |
| Other employee benefits | $13,443 |
| Payroll taxes | $25,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,217 |
| Fees for services: Other | $3,332 |
| Advertising and promotion | $75,860 |
| Office expenses | $57,295 |
| Information technology | $31,807 |
| Royalties | $0 |
| Occupancy | $29,616 |
| Travel | $5,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,526 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,301,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38 |
| Savings and temporary cash investments | $2,707,469 |
| Pledges and grants receivable | $1,135,397 |
| 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 | $7,610 |
| Net Land, buildings, and equipment | $2,024,360 |
| Investments—publicly traded securities | $12,421,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,576,310 |
| Total assets | $19,872,971 |
| Accounts payable and accrued expenses | $23,230 |
| Grants payable | $79,478 |
| 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 | $1,785,652 |
| Total liabilities | $1,888,360 |
| Net assets without donor restrictions | $5,504,322 |
| Net assets with donor restrictions | $12,480,289 |
| 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 | $19,872,971 |
Grants Awarded
Over the last fiscal year, Charlotte Community Foundation Inc has awarded $400,944 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Port Charlotte, FL PURPOSE: COMMUNITY IMPROVEMENT | $100,000 |
Port Charlotte, FL PURPOSE: COMMUNITY IMPROVEMENT | $95,474 |
Port Charlotte, FL PURPOSE: COMMUNITY IMPROVEMENT | $32,679 |
Punta Gorda, FL PURPOSE: COMMUNITY IMPROVEMENT | $32,268 |
Port Charlotte, FL PURPOSE: COMMUNITY IMPROVEMENT | $26,395 |
Sarasota, FL PURPOSE: COMMUNITY IMPROVEMENT | $24,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charlotte Community Foundation Inc has recieved totaling $52,000.
| Awarding Organization | Amount |
|---|---|
Ashbritt Foundation Inc Deerfield Beach, FL PURPOSE: CHARITABLE | $50,000 |
Howard Family Foundation Punta Gorda, FL PURPOSE: SUPPORT OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $8,603,441 |
| Earnings | $927,087 |
| Net Contributions | $19,454 |
| Grants | $403,464 |
| Ending Balance | $9,146,518 |
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 |