Community Foundation Of The Florida Keys
- Assets
- $29.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Key West, FL
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 65-0648968
Organization Overview
Community Foundation Of The Florida Keys, operating under the name Cffk, is located in Key West, FL. The organization was established in 1997. 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, Cffk employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cffk 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, Cffk generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 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, Cffk has awarded 337 individual grants totaling $9,525,343. 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
CONNECTING PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC SERVICES - THE COMMUNITY FOUNDATION IS DEEPLY COMMITTED TO ENHANCING THE QUALITY OF LIFE IN MONROE COUNTY, FLORIDA, BOTH NOW AND FOR GENERATIONS TO COME. THROUGH FOSTERING PHILANTHROPY, IT ACTIVELY CONNECTS ACTS OF COMPASSION TO THE SPECIFIC NEEDS OF THE COMMUNITY. COLLABORATING CLOSELY WITH INDIVIDUALS, THE FOUNDATION HELPS SHAPE PHILANTHROPIC PLANS TO BOLSTER NONPROFIT PROGRAMS ACROSS THE FLORIDA KEYS. A TOTAL OF 446 GRANTS MADE IN 2023 PROVIDED SUPPORT FOR DIVERSE CAUSES, INCLUDING ANIMAL WELFARE, ARTS AND CULTURE, EDUCATION, ENVIRONMENTAL PRESERVATION, HEALTH AND HUMAN SERVICES, HOUSING, MUSIC, RECREATION, SCHOLARSHIPS, TEACHER AWARDS AND YOUTH PROGRAMS. THE MAJORITY OF THESE 1.8 MILLION IN GRANTS STEMMED FROM THE THOUGHTFUL RECOMMENDATIONS OF DONOR ADVISORS AND NOT-FOR-PROFIT ENTITIES. THE FOUNDATION EMPOWERS NONPROFIT ORGANIZATIONS BY ASSISTING THEM IN ESTABLISHING ENDOWMENTS AND OPERATIONAL RESERVE FUNDS. IN THE YEAR 2023 ALONE, 24 NEW FUNDS WERE OPENED, SEVEN (7) OF WHICH ARE PERMANENT ENDOWMENTS FOR THE BENEFIT OF THE FLORIDA KEYS IN PERPETUITY.
CENTER FOR NONPROFIT EXCELLENCE - EMPOWERING THE FLORIDA KEYS' NONPROFIT ORGANIZATIONS, THE COMMUNITY FOUNDATION OFFERS AN ARRAY OF INVALUABLE RESOURCES AND SERVICES AIMED AT FOSTERING STRONG LEADERSHIP AND EFFECTIVE MANAGEMENT. AT THE HEART OF THIS EFFORT LIES THE ANNUAL LEADERSHIP SUCCESS ACADEMY, A CRUCIAL PROGRAM DEDICATED TO EQUIPPING NONPROFIT BOARD MEMBERS WITH ESSENTIAL LEADERSHIP AND GOVERNANCE SKILLS. IN MARCH 2023, 43 LOCAL NON PROFIT LEADERS GRADUATED FROM TRAINING, HELD AT THE TENNESSEE WILLIAMS THEATRE IN KEY WEST. A TRUE BEACON OF RECOGNITION FOR LOCAL VOLUNTEERS, THE COMMUNITY FOUNDATION HAS BEEN HOSTING THE ESTEEMED UNSUNG HEROES CELEBRATION FOR 23 YEARS NOW, WITH 73 INSPIRING NONPROFITS PARTICIPATING IN THE 2023 EVENT. THE COMMITMENT TO PROMOTING VOLUNTEERISM WAS CELEBRATED WITH THE ONE YEAR ANIVERSARY OF THE FLORIDA KEYS VOLUNTEER CENTER-A DEDICATED ONLINE PLATFORM, VOLUNTEERKEYS.COM.
UNMET COMMUNITY NEEDS - EVER-VIGILANT TO THE PRESSING NEEDS OF THE COMMUNITY, THE COMMUNITY FOUNDATION CONSISTENTLY IDENTIFIES AND ADDRESSES UNMET GAPS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND COMPASSIONATE INDIVIDUALS. THE FOUNDATION CONTINUES TO SUSTAIN REGIONAL ADVISORY COUNCILS IN THE UPPER, MIDDLE, AND LOWER KEYS, WHICH PLAY A VITAL ROLE IN IDENTIFYING AND RESPONDING TO UNIQUE CHALLENGES IN THESE RESPECTIVE AREAS. THE FOUNDATION FACILITATED A 1:1 MATCHING PROGRAM THROUGHOUT 2023, EFFECTIVELY MULTIPLYING THE IMPACT OF DONORS' CONTRIBUTIONS TO THE UPPER KEYS FUTURE FUND, MIDDLE KEYS FUTURE FUND, AND LOWER KEYS FUTURE FUND. A TOTAL OF 48,300 IN GRANTS WERE INVESTED IN THE COMMUNITY THROUGH THESE THREE REGIONAL FUNDS. DEMONSTRATING ITS COMMITMENT TO SERVING THE ENTIRE COUNTY, IN 2023 THE FOUNDATION HIRED A FULL-TIME VICE PRESIDENT FOR PHILANTHROPY BASED IN ISLAMORADA, TO BETTER IDENTIFY AND SERVE THE NEEDS OF RESIDENTS IN THE UPPER AND MIDDLE FLORIDA KEYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mccomb President & | OfficerTrustee | 40 | $155,096 |
Marian Buccafurni Vice Chair | OfficerTrustee | $0 | |
Ron Burd Vice Chair | OfficerTrustee | $0 | |
Robert Highsmith Director | Trustee | $0 | |
B William Langley Chair | OfficerTrustee | $0 | |
Warren Leamard Vice Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,609,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,609,859 |
| Total Program Service Revenue | $348,670 |
| Investment income | $847,249 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,297,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,782,334 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $364,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $381,650 |
| Fees for services: Other | $26,821 |
| Advertising and promotion | $25,569 |
| Office expenses | $13,883 |
| Information technology | $24,097 |
| Royalties | $0 |
| Occupancy | $13,417 |
| Travel | $4,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,631 |
| Insurance | $2,200 |
| All other expenses | $30,239 |
| Total functional expenses | $3,716,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $339,309 |
| Pledges and grants receivable | $66,819 |
| 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 | $13,457 |
| Net Land, buildings, and equipment | $223,054 |
| Investments—publicly traded securities | $28,138,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,000 |
| Total assets | $29,010,748 |
| Accounts payable and accrued expenses | $20,667 |
| Grants payable | $34,750 |
| Deferred revenue | $4,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,212,988 |
| 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 | $1,457 |
| Total liabilities | $5,274,195 |
| Net assets without donor restrictions | $7,642,693 |
| Net assets with donor restrictions | $16,093,860 |
| 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 | $29,010,748 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Florida Keys has awarded $1,217,669 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA KEYS AREA HEALTH EDUCATION CENTER PURPOSE: Mobile dental service for underserved populations. | $9,500 |
FLORIDA KEYS HEALTHY START COALIATION PURPOSE: Labor and bereavement doula support. | $7,500 |
CORNERSTONE RESOURCE ALLIANCE INC PURPOSE: Reduced youth homelessness and recidivism for newly released homeless misdemeanor offenders. | $10,000 |
FLORIDA KEYS COUNCIL OF THE ARTS PURPOSE: Key West Writers Guild Award, Inspire and Involve - Creating access to the Arts for All, general operating support | $12,200 |
FLORIDA KEYS SPCA PURPOSE: Keeping families together through tough times by providing a Safe Haven for pets, general operating support | $11,260 |
HABITAT FOR HUMANITY OF KEY WEST AND THE LOWER FLORIDA KEYS PURPOSE: Neighbors helping neighbors | $5,350 |