Community Foundation Of The Florida Keys

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 12/2021, Cffk employed 6 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 12/2021, Cffk generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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 264 individual grants totaling $7,850,879. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONNECTING PEOPLE, RESOURCES & NEEDS THROUGH PHILANTHROPY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS FOCUSED ON MAKING MONROE COUNTY, FLORIDA A BETTER PLACE TO LIVE NOW AND IN THE FUTURE BY ENCOURAGING PHILANTHROPY AND MATCHING THESE ACTS OF CARING TO THE COMMUNITY NEEDS. IT WORKS WITH INDIVIDUALS TO DEVELOP PHILANTHROPIC PLANS TO SUPPORT NONPROFIT PROGRAMS IN THE FLORIDA KEYS. THE ORGANIZATION ALSO SUPPORTS NONPROFIT ORGANIZATIONS BY HELPING THEM BUILD ENDOWMENT AND OPERATING RESERVE FUNDS. DURING 2021, 20 NEW FUNDS WERE ESTABLISHED, 400 GIFTS WERE RECORDED, AND 292 GRANTS WERE MADE. THE MAJORITY OF GRANTS WERE RECOMMENDATIONS BY DONOR ADVISORS AND NOT-FOR-PROFIT ORGANIZATIONS. GRANTS IN 2021 SUPPORTED GENERAL OPERATING COSTS OF MONROE COUNTY NONPROFITS, SUMMER CAMP AND YOUTH EMPLOYMENT PROGRAMS, HEALTHY FOOD PROGRAMS, HOMELESS SERVICES AND PREVENTION PROGRAMS, MEDICINE AND NEW BORN INFANT PROGRAMS, DRAMA AND MUSIC PERFORMANCES IN THE SCHOOLS, AND MUCH MORE.


THE CENTER FOR NONPROFIT EXCELLENCE PROVIDES A WIDE RANGE OF RESOURCES AND SERVICES THAT STRENGTHEN AND SUPPORT LEADERSHIP AND MANAGEMENT OF NONPROFIT ORGANIZATIONS LOCATED IN THE FLORIDA KEYS. THE LEADERSHIP SUCCESS ACADEMY PROVIDES SPECIFIC LEADERSHIP AND GOVERNANCE SKILLS BUILDING TO NONPROFIT BOARD MEMBERS. DURING 2021 THERE WERE 34 PARTICIPANTS FROM 20 ORGANIZATIONS. THIS MARKS THE 14TH CONSECUTIVE YEAR THE LEADERSHIP SUCCESS ACADEMY HAS TRAINED OVER 500 MEMBERS OF THE FLORIDA KEYS COMMUNITY TO BE MORE EFFECTIVE BOARD LEADERS SINCE ITS INCEPTION. TO RECOGNIZE VOLUNTEER EFFORTS, THE ORGANIZATION FOR THE LAST 21 YEARS HAS CONDUCTED AN UNSUNG HEROES / VOLUNTEER OF THE YEAR LUNCHEON TO RECOGNIZE THE ACCOMPLISHMENTS OF INDIVIDUALS SERVING NONPROFIT ORGANIZATIONS. IN 2021 THE EVENT WAS VIRTUAL AND WE RECOGNIZED 86 VOLUNTEERS REPRESENTING 83 NONPROFIT ORGANIZATIONS THROUGHOUT MONROE COUNTY.


THE THIRD PROGRAM IS TO IDENTIFY AND ADDRESS UNMET NEEDS IN THE COMMUNITY AND WORK WITH OTHER COMMUNITY ORGANIZATIONS AND INDIVIDUALS TO MEET THOSE NEEDS. IN 2021, THE ORGANIZATION CONTINUED TO ACT AS THE FISCAL AGENT FOR MONROE COUNTY LONG TERM RECOVERY GROUP WHICH PROVIDED MAINTENANCE OF THE VOLUNTEER VILLAGE THROUGHOUT 2021. THE VOLUNTEER VILLAGE WAS CREATED IN 2017 TO ASSIST WITH HURRICANE IRMA RECOVERY EFFORTS. IN 2021, THE COMMUNITY FOUNDATION FORMED REGIONAL ADVISORY COUNCILS IN THE UPPER, MIDDLE, AND LOWER KEYS. IT ALSO CREATED THE UPPER KEYS FUTURE FUND, THE MIDDLE KEYS FUTURE FUND, AND THE LOWER KEYS FUTURE FUND TO RESPOND TO UNMET NEEDS IN THOSE GEOGRAPHIC AREAS AND OFFERED A 1:1 MATCH TO DONORS OF THESE FUNDS. THE UPPER KEYS ADVISORY COUNCIL IDENTIFIED AN URGENT NEED TO ADDRESS YOUTH MENTAL HEALTH FOLLOWING SEVERAL SUICIDES AND OVERALL ISSUES FOR STUDENTS FOLLOWING THE HEALTH PANDEMIC. GRANTS OF $12,000 WERE MADE TO SUPPORT SPECIAL PROJECTS, PROGRAMS AND EVENTS MANAGED BY EACH SCHOOL IN THE UPPER FLORIDA KEYS.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Mccomb
President And CEO
$137,292
Susanne Woods
Chair
$0
Marian Buccafurni
Vice Chair
$0
Ron Burd
Vice Chair
$0
John Dewald
Vice Chair
$0
B William Langley
Vice Chair
$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$3,482,498
Noncash contributions included in lines 1a–1f $751,164
Total Revenue from Contributions, Gifts, Grants & Similar$3,482,498
Total Program Service Revenue$2,500
Investment income $1,447,887
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,980,265
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,913,150

Grants Awarded

Over the last fiscal year, Community Foundation Of The Florida Keys has awarded $1,217,669 in support to 32 organizations.

Grant RecipientAmount

THE STUDIOS OF KEY WEST

Org PageRecipient Profile

Key West, FL

PURPOSE: Schools at the Studios, Residence Renovation Program, Bahama Village Community Quilts, Robert Aiosa Exhibit, Youth Education Programs, Robert Frost Poetry Contest, general operating support

$403,788

USCGC INGHAM MEMORIAL MUSEUM

Org PageRecipient Profile

Key West, FL

PURPOSE: Boat repairs at dry dock.

$210,000

MONROE COUNTY BOARD OF COUNTY COMMISSIONERS

PURPOSE: Support Monroe County public libraries

$147,000

FRINGE THEATER KEY WEST

Org PageRecipient Profile

Key West, FL

PURPOSE: general operating support (fund closure)

$51,395

KEY WEST BOTANICAL GARDEN SOCIETY

Org PageRecipient Profile

Key West, FL

PURPOSE: General Operating Support

$50,541

METROPOLITAN COMMUNITY CHURCH KEY WEST

Org PageRecipient Profile

Key West, FL

PURPOSE: Cooking with Love

$48,400
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Community Foundation Of The Florida Keys has recieved totaling $5,000.

Awarding OrganizationAmount
Be The One Foundation Inc

Key West, FL

PURPOSE: KIDS COME FIRST PROGRAM

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,908,581
Earnings$1,383,035
Admin Expense$136,327
Net Contributions$808,996
Other Expense$4,662
Grants$220,708
Ending Balance$10,738,915

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