2024-09-13T14:39:54-04:00 2023-12-31 800631935 SMITH BUZZI & ASSOCIATES LLC 9425 SUNSET DR STE 180 MIAMI FL 331733290 990 2023-01-01 650648968 COMMUNITY FOUNDATION OF THE FLORIDA KEYS COMM 3052921502 300 SOUTHARD ST SUITE 201 KEY WEST FL 33040 JENNIFER MCCOMB PRESIDENT & CEO 3052921502 2024-09-13 true false JULIO BUZZI P00853282 3055986701 2024-09-13 2023 2024-08-08 14:25:15Z JENNIFER MCCOMB 300 SOUTHARD ST STE 201 KEY WEST FL 33040 8297039 false X WWW.CFFK.ORG X 1996 CONNECTING PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY 11 11 3 0 3729804 3609859 323501 348670 1001057 847249 -5680369 3491261 -626007 8297039 2058248 2782334 0 327155 385554 0 147859 575270 548317 2960673 3716205 -3586680 4580834 24430646 29010748 4423454 5274195 20007192 23736553 X TO CONNECT PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY. false false 3369469 2782334 333090 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. 77171 15580 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. 3446640 true true false false false true false false true true true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false true 11 11 3 true false false false false false true false false false false false false false false false X 11 11 true false false false false false false true true false false true true true true true true true false false FL X X X JENNIFER MCCOMB 3052921502 300 SOUTHARD ST STE 201 KEY WEST FL 33040 JENNIFER MCCOMB PRESIDENT & 40.00 X X 155096 0 0 MARIAN BUCCAFURNI VICE CHAIR X X 0 0 0 RON BURD VICE CHAIR X X 0 0 0 ROBERT HIGHSMITH DIRECTOR X 0 0 0 B WILLIAM LANGLEY CHAIR X X 0 0 0 WARREN LEAMARD VICE CHAIR X X 0 0 0 LAURA LIETAERT DIRECTOR X 0 0 0 HEIDI MORRIS DIRECTOR X 0 0 0 LARRY NOLT DIRECTOR X 0 0 0 KEN SILVERMAN DIRECTOR X 0 0 0 ANDREA SPOTTSWOOD VICE CHAIR-T X X 0 0 0 JODI WEINHOFER SECRETARY X X 0 0 0 155096 1 false true false X 3609859 3609859 ADMIN FEES 333090 333090 UNSUNG HEROES 9480 9480 LEADERSHIP SUCCESS ACADEMY 3600 3600 WORKSHOPS & SEMINARS 2500 2500 348670 847249 847249 UNREALIZED GAINS ON SEC 3272376 3272376 REALIZED GAIN ON SEC. SALES 188885 188885 SPLIT INTEREST VALUE CHANGE 30000 30000 3491261 8297039 3651046 1036134 2782334 2782334 364330 173714 80881 109735 21224 21224 13334 13334 381650 381650 26821 26821 25569 793 345 24431 13883 3209 8776 1898 24097 11887 5181 7029 13417 10018 1442 1957 4727 4727 2749 2749 9631 4751 2071 2809 2200 2200 CENTER FOR NONPROFIT EXCE 30239 30239 3716205 3446640 121706 147859 1582541 339309 102031 66819 13251 13457 389417 166363 232685 223054 22300138 28138109 200000 230000 24430646 29010748 7214 20667 54725 34750 4333 4361515 5212988 1457 4423454 5274195 X 6824344 7642693 13182848 16093860 20007192 23736553 24430646 29010748 X 4580834 -851473 X false true X true false X 5200522 2004718 3482498 4049005 3958529 18695272 5200522 2004718 3482498 4049005 3958529 18695272 18695272 564963 409348 1447887 1001057 847249 4270504 -337807 188885 -148922 22816854 -1368015 0.81940 0.82460 X PART II, LINE 10 OTHER INCOME -148,922 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39 1009234 532742 2689595 false false false true X 10146797 573640 2073621 94675 12699383 10723188 1094423 -1225080 445734 10146797 8908581 793270 1320146 298809 10723188 8266858 231846 714766 304889 8908581 5935323 1423208 1188755 280428 8266858 0.37110 0.62890 true true false 366160 143106 223054 23257 23257 223054 OTHER LIABILITIES 1457 1457 7097385 7097385 1199654 1199654 8297039 3368024 3368024 348181 348181 3716205 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION ACCEPTS DONATIONS AND ARRANGES FOR INVESTMENT MANAGEMENT SERVICES UNDER TERMS OF FUND AGREEMENTS OR MEMORANDUMS OF UNDERSTANDING. THE BOARD OF GOVERNORS HAS VARIANCE POWERS OVER DISTRIBUTION OF DONATIONS MADE FROM FUNDS THAT NAME AS A BENFICIARY THE NONPROFIT ORGANIZATION. THE VARIANCE POWER WILL BE EXCERCISED IN THE EVENT RESTRICTIONS UNDER THE AGENCY FUND AGREEMENT BECOME INCAPABLE OF FULFILLMENT OR INCONSISTENT WITH THE CHARITABLE NEEDS OF THE COMMUNITY OR AREA SERVED. THE ORGANIZATION REPORTS DONATIONS RECEIVED, INVESTMENT EARNINGS, GRANTS MADE AND OTHER COSTS OF AGENCY FUNDS IN THE APPROPRIATE SCHEDULES OF THE FORM 990, THEREFORE THERE IS A RECONCILATION ITEM FOR THE CHANGE IN NET ASSETS RELATED TO THE CHANGE IN THE LIABILITY OF THE FUNDS HELD AS AGENT. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS, INVESTMENT GAINS / LOSSES OF AGENCY FUND 1,199,654 SCHEDULE D, PAGE 4, PART XII, LINE 4B FEES AND OTHER ON AGENCY FUNDS 348,181 true SEE ATTACHED SCHEDULE 1 2782334 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHEDULE I, PART 1 LINE 2: GENERALLY, GRANTS FROM DONOR ADVISED FUNDS ARE RESTRICTED, FOR A SPECIFIC PROGRAM, OR FOR GENERAL OPERATING SUPPORT. GRANTS MADE ON A COMPETITIVE APPLICATION PROCESS REQUIRE END OF GRANT REPORTS TO DETAIL HOW FUNDS WERE USED. SCHOLARSHIPS ARE MONITORED BY REQUIRING STUDENTS TO PROVIDE PROOF OF ENROLLMENT AND DISBURSING FUNDS DIRECTLY TO THE COLLEGE OR UNIVERSITY WHENEVER POSSIBLE. false false false false false false false false false JENNIFER MCCOMB PRESIDENT & CEO 155096 155096 FORM 990, PAGE 2, PART III, 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. FORM 990, PAGE 2, PART III, LINE 4B 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. FORM 990, PAGE 2, PART III, LINE 4C 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. FORM 990, PAGE 6, PART VI, LINE 2 KEN SILVERMAN WILL LANGLEY DIRECTOR CHAIRMAN BUSINESS AFFILIATION FORM 990, PAGE 6, PART VI, LINE 11B AN INDEPENDENT AUDIT FIRM PREPARES THE FORM 990. A COPY OF THE DRAFT 990 IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE FOR REVIEW AND COMMENT. AFTER ANY A FINANCE COMMITTEE COMMENTS ARE REFLECTED IN THE DRAFT, A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER AND THE BOARD APPROVES THE CEO TO FILE AN ELECTRONIC VERSION OF THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD DISCUSSES THE POLICY ANNUALLY WHEN COMPLIANCE CERTIFICATES ARE COMPLETED. THE GOVERNANCE COMMITTEE IS RESPONSIBLE TO MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED BY THE FOUNDATION'S BOARD OF GOVERNORS. THE ORGANIZATION HAS A POLICY REQUIRING ANNUAL EVALUATIONS OF EACH EMPLOYEE. THE CEO PREPARES A SELF- EVALUATION THAT IS SUBMITTED TO THE BOARD. THE BOARD COMPLETES THE EVALUATION OF THE CEO WHICH IS DISCUSSED IN AN EXECUTIVE SESSION OF THE FULL BOARD. WHEN IT COMES TO ADJUSTING COMPENSATION, THE BOARD CONSIDERS LOCAL COST OF LIVING ADJUSTMENTS AND RELEVANT SALARIES FOR SIMILAR POSITIONS. SUPPORTING DOCUMENTATION IS RETAINED. THE PROCESS WAS LAST UNDERTAKEN IN NOVEMBER 2023. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR KEY EMPLOYEES FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS IS POSTED ON THE ORGANIZATION'S WEBSITE AND IS AVAILABLE UPON REQUEST. FORM 990, PART VIII ALL OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS: GIFTS AND BEQUESTS 3,609,859 SEE SCHEDULE 2 ----------- TOTAL 3,609,859 =========== FORM 990, PART XI, LINE 9 CONTRIBUTIONS, INVESTMENT GAINS / LOSSES OF AGENCY FUND -1,199,654 FEES AND OTHER ON AGENCY FUNDS 348,181 NET CY ADJUST AGENCY FUNDS 0 TOTAL -851,473 CFFK HOLDINGS LLC (47-5385158) 300 SOUTHARD STREET SUITE 201 KEY WEST FL 33040 REAL ESTAT FL CFFK COMMUNITY FOUNDATION SCHEDULE R THE RELATED ENTITY, CFFK HOLDINGS LLC, WAS FORMED FOR THE PURPOSE OF HOLDING DONATED REAL ESTATE. IN 2016 THE REAL ESTATE WAS SOLD. THERE ARE NO TRANSACTIONS BETWEEN THE RELATED ENTITY AND THE ORGANIZATION IN 2023 BECAUSE THE RELATED ENTITY HAS NO ASSETS OR LIABILITIES. THE RELATED ENTITY REMAINS AN ACTIVE LIMITED LIABILITY COMPANY IN THE STATE OF FLORIDA IN ANTICIPATION OF FUTURE DONATIONS OF REAL PROPERTY.