2023-09-11T15:30:37-05:00 2023-03-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-04-01 596173174 FLORIDA KEYS EDUCATIONAL FOUNDATION INC FLOR 3058093299 5901 COLLEGE ROAD KEY WEST FL 33040 LANA GASPARI BOARD MEMBER 3058093299 2023-09-03 1 LANA GASPARI 999009999 0 AMY CHAPMAN P00843460 4078021200 2023-09-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CFK FOUNDATION ROBERT STOKY 5901 COLLEGE ROAD KEY WEST FL 33040 1561850 0 X WWW.CFK.EDU X 1996 FL FINANCIAL AND OTHER SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS. 11 11 0 13 0 0 720281 583913 0 0 242519 206604 -4728 -41043 958072 749474 1250325 888263 0 0 0 0 0 0 9573 134485 175583 1384810 1063846 -426738 -314372 7544279 6581784 32459 15080 7511820 6566704 TO PROVIDE FINANCIAL AND OTHER ESSENTIAL SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS (CFK). 0 0 989945 888263 FLORIDA KEYS EDUCATIONAL FOUNDATION ASSISTS IN THE ACHIEVEMENT OF THE CFK'S MISSION BY SOLICITING, ADMINISTERING, AND OPTIMIZING THROUGH MATCHING PROGRAMS THE PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO SUPPORT CFK'S STUDENTS AND TO ENHANCE TEACHING AND LEARNING AT THE CFK. 989945 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 FL X HEATHER MARGIOTTA 3058093299 5901 COLLEGE ROAD KEY WEST FL 33040 FRANK WOOD EXECUTIVE DIRECTOR (THRU 09/22) 40.00 X 0 104086 40183 STEPHANIE SCUDERI EXECUTIVE DIRCTOR 40.00 X 0 27713 6948 ROBERT STOKY CHAIR 0.09 X X 0 0 0 LISA FERRINGO VICE CHAIR 0.13 X X 0 0 0 BRUCE HALLE TREASURER 0.13 X X 0 0 0 CONNER BOYD SECRETARY (THRU 01/22) 0.08 X X 0 0 0 RACHEL OROPEZA RECORDING SECRETARY 0.13 X 0 0 0 LANA GASPARI SIELSKI MEMBER 0.13 X 0 0 0 YVETTE TALBOTT MEMBER 0.11 X 0 0 0 DALE CHASTEEN MEMBER 0.13 X 0 0 0 MIKE PUTO MEMBER 0.13 X 0 0 0 ALAN BEAUBIEN MEMBER 0.12 X 0 0 0 CARRIE GROOMES MEMBER 0.12 X 0 0 0 DEBBIE LEONARD MEMBER 0.12 X 0 0 0 JOHN PARCE MEMBER 0.12 X 0 0 0 0 131799 47131 0 0 0 0 0 168770 415143 68308 583913 211543 211543 707993 690082 22850 17911 -22850 -4939 -4939 58401 168770 99444 -41043 -41043 749474 0 0 165561 717967 717967 170296 170296 31921 31921 65822 65822 30870 30870 19604 19547 57 16542 6969 9573 1904 1904 2715 2715 877 877 HOSPITALITY EXPENSES 4572 4572 DUES & SUBSCRIPTIONS 461 461 BOARD EXPENSES 153 153 TAXES & FEES 142 142 1063846 989945 64328 9573 585413 235019 203120 123714 40000 40000 70969 27195 69339 43774 6645858 6138728 549 549 7544279 6581784 13650 9130 18809 5950 32459 15080 X 1145223 879022 6366597 5687682 7511820 6566704 7544279 6581784 X -314372 -641323 10579 X 0 1 X 1 0 X 404860 815138 1836089 720281 583913 4360281 404860 815138 1836089 720281 583913 4360281 62957 4297324 239494 184838 114571 237169 211543 987615 5347896 0.80360 0.78630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 65822 0 0 65822 0 PART II-B, LINE 1G IDENTIFICATION OF LEGISLATIVE PRIORITIES, FORMULATION OF STRATEGY, RESEARCH, PROVIDING TESTIMONY OR OTHER INFORMATION TO COMMITTEES OR OFFICIALS, COMMUNICATIONS WITH ELECTED OFFICIALS AND STAFF ON BEHALF OF THE CFK AND REPORTING ON THE STATUS OF WORK PENDING ISSUES TO THE CFK FOR FULL SERVICE LEGISLATIVE LOBBYING. 5374517 2320 -299502 157846 31963 4887526 5089362 92933 331664 103800 35642 5374517 3593587 23990 1521366 26761 22820 5089362 4853004 92452 -557987 760164 33718 3593587 4625733 297632 104315 151971 22705 4853004 0.21095 0.00000 0.78904 0 0 43774 43774 27195 27195 0 43774 DUE TO RELATED PARTY 5950 5950 108417 -641323 -641323 749740 30870 -31136 -266 749474 1053533 20557 20557 1032976 30870 30870 1063846 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS PRIMARILY OF FUNDS ESTABLISHED BY DONORS AND THE BOARD OF DIRECTORS IN PRIOR YEARS THROUGH DONATIONS AND THE GROWTH OF THOSE FUNDS OVER THE YEARS. AS OF MARCH 31, 2023 AND 2022, THE FOUNDATION'S ENDOWMENT INCLUDED 29 AND 27, RESPECTIVELY, INDIVIDUAL FUNDS ESTABLISHED FOR THE PURPOSES OF SCHOLARSHIPS AND COLLEGE SUPPORT AND 2 FOR OPERATING SUPPORT IN 2023 AND 2022. THESE FUNDS INCLUDE DONOR-RESTRICTED AND BOARD-DESIGNATED QUASI ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -31,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF PRIOR WRITE OFFS -10,579. DIRECT FUNDRAISING EVENT EXPENSES 31,136. SOIREE 227171 168770 58401 68308 11293 7000 12843 227171 168770 58401 68308 11293 7000 12843 99444 -41043 1 THE COLLEGE OF THE FLORIDA KEYS 5901 COLLEGE ROAD KEY WEST FL 33040 591209209 STATE OF FLORIDA 717967 0 N/A N/A PROGRAM SUPPORT 1 0 SCHOLARSHIPS 105 170295 N/A N/A PART I, LINE 2: COORDINATOR USES EXCEL SHEETS FOR TRACKING AND THE ACCOUNTANT USES ACCOUNTING SYSTEM FOR VERIFICATION OF TRANSACTIONS. SCHOLARSHIP AWARD PROCESS IS MAINTAINED IN SCHOLARSHIP SOFTWARE SYSTEM. ADDITIONAL EXCEL REPORTS ARE CROSS CHECKED AGAINST ACCOUNTING SYSTEM FOR VERIFICATION OF AWARDS DISBURSED. X AUCTION ITEMS 96 68308 DONOR REPORTED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE FOLLOWING DIRECTORS: 1) THE CHAIR OF THE FOUNDATION BOARD OF DIRECTORS; WHO SHALL BE CHAIR OF THE EXECUTIVE COMMITTEE 2) THE VICE CHAIR OF THE FOUNDATION BOARD OF DIRECTORS 3) THE SECRETARY OF THE FOUNDATION BOARD OF DIRECTORS 4) THE TREASURER OF THE FOUNDATION BOARD OF DIRECTORS 5) THE PRESIDENT'S DESIGNEE ON THE FOUNDATION BOARD OF DIRECTORS 6) THE CHAIRPERSON OF THE COLLEGE OF THE FLORIDA KEYS DISTRICT BOARD OF TRUSTEES OR HIS OR HER DESIGNEE. THE PRESENCE OF A MAJORITY OF MEMBERS SHALL CONSTITUTE A QUORUM OF THE COMMITTEE AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS PRESENT SHALL BE NECESSARY FOR APPROVAL OF ACTION. THE EXECUTIVE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIR AND MINUTES SHALL BE KEPT BY THE RECORDING SECRETARY. ALL ACTION TAKEN AT MEETINGS SHALL BE PRESENTED FOR RATIFICATION AT THE SUBSEQUENT MEETING OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN SAID BOARD IS NOT IN SESSION; SUBJECT ONLY TO SUCH RESTRICTIONS OR LIMITATIONS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME SPECIFY. HOWEVER, THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE FOUNDATION ARTICLES OF INCORPORATION OR BYLAWS OR APPOINT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATIONS CERTIFIED PUBLIC ACCOUNTANT AND IS DISTRIBUTED FOR REVIEW TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CASE OF ANY SUCH CONFLICT OR THE APPEARANCE THEREOF, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, EITHER THE DISINTERESTED DIRECTORS OR THE EXECUTIVE DIRECTOR (ASSUMING HE OR SHE IS DISINTERESTED) OR THE CHAIR (ASSUMING HE OR SHE IS DISINTERESTED) OF THE FOUNDATION SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS OF OTHER AFFILIATED PERSONS. WHENEVER ANY PERSON ABSTAINS FROM VOTING OR RECUSES HIMSELF OR HERSELF AS A RESULT OF A CONFLICT OF INTEREST OR THE APPEARANCE THEREOF, THE MINUTES OF THE MEETING OR THE PROCEEDINGS OF THE FOUNDATION SHALL REFLECT THE ABSTENTION OR RECUSAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERY OF PRIOR YEAR WRITE OFFS 10,579. THE COLLEGE OF THE FLORIDA KEYS 5901 COLLEGE ROAD KEY WEST FL 33040 591209209 EDUCATIONAL INSTITUTE FL 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE COLLEGE OF THE FLORIDA KEYS B 717967 CASH PAID THE COLLEGE OF THE FLORIDA KEYS C 20000 CASH RECEIVED THE COLLEGE OF THE FLORIDA KEYS P 991000 CASH PAID