Civic Intelligence

Boca West Community Charitable Fndn % Arthur Adler

990 • Fiscal year 2023 • EIN 27-3840788

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 15, 2024

20583 Boca West DriveBoca Raton, FL 33434

(561) 488-6980

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

31st percentile

-4.1%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$104,800

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

2.4%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$442,157

Down $104,573 (-19%) from 2022

Net Assets

Down

$351,629

Down $83,234 (-19%) from 2022

Liabilities

Down

$90,528

Down $21,339 (-19%) from 2022

Revenue

Up

$2,010,953

Up $47,373 (+2.4%) from 2022

Expenses

Up

$2,094,187

Up $25,455 (+1.2%) from 2022

Net Income

Up

-$83,234

Up $21,918 (+21%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2014: $344,196Liabilities 2014: $27,575Net Assets 2014: $316,6212014Assets 2015: $518,074Liabilities 2015: $19,000Net Assets 2015: $499,0742015Assets 2018: $163,583Liabilities 2018: $54,084Net Assets 2018: $109,4992018Assets 2019: $249,861Liabilities 2019: $15,950Net Assets 2019: $233,9112019Assets 2020: $795,477Liabilities 2020: $121,727Net Assets 2020: $673,7502020Assets 2021: $673,816Liabilities 2021: $133,801Net Assets 2021: $540,0152021Assets 2022: $546,730Liabilities 2022: $111,867Net Assets 2022: $434,8632022Assets 2023: $442,157Liabilities 2023: $90,528Net Assets 2023: $351,6292023Assets 2024: $262,781Liabilities 2024: $26,019Net Assets 2024: $236,7622024

Highlighted filing

2023

Assets$442,157
Liabilities$90,528
Net Assets$351,629

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $680,530Expenses 2014: $500,198Net Income 2014: $180,3322014Revenue 2015: $873,618Expenses 2015: $691,165Net Income 2015: $182,4532015Revenue 2018: $1,529,093Expenses 2018: $1,388,245Net Income 2018: $140,8482018Revenue 2019: $1,562,583Expenses 2019: $1,438,171Net Income 2019: $124,4122019Revenue 2020: $1,764,433Expenses 2020: $1,324,594Net Income 2020: $439,8392020Revenue 2021: $1,556,875Expenses 2021: $1,690,610Net Income 2021: -$133,7352021Revenue 2022: $1,963,580Expenses 2022: $2,068,732Net Income 2022: -$105,1522022Revenue 2023: $2,010,953Expenses 2023: $2,094,187Net Income 2023: -$83,2342023Revenue 2024: $1,907,881Expenses 2024: $2,022,748Net Income 2024: -$114,8672024

Highlighted filing

2023

Revenue$2,010,953
Expenses$2,094,187
Net Income-$83,234
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 15, 2024
Return Version
2022v5.0
Gross Receipts
$3,055,251
Mission and Program Overview

Mission

To identify and fund projects designed to strengthen, build and improve the lives of individuals, groups and families in the community of boca raton and the south palm beach county area.

To identify and fund projects designed to strengthen, build, and improve the lives of children in the palm beach county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$437,696$424,657▼ $13,039
Accounts Receivable$32,500$0▼ $32,500
Prepaid Expenses and Deferred Charges$76,534$17,500▼ $59,034
Total Assets$546,730$442,157▼ $104,573
Liabilities
Deferred Revenue$84,397$67,539▼ $16,858
Accounts Payable and Accrued Expenses$27,470$22,989▼ $4,481
Total Liabilities$111,867$90,528▼ $21,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$222,665$318,629▲ $95,964
Net Assets With Donor Restrictions$212,198$33,000▼ $179,198
Total Net Assets Fund Balance$434,863$351,629▼ $83,234
Total Liabilities and Net Assets / Fund Balance$546,730$442,157▼ $104,573
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela WeinrothExecutive DirectorFT$100,000$4,800$104,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,103,518
Program Service Revenue
$0
Investment Income
$18,570
Other Revenue
$-111,135
All Other Contributions
$793,000
Change in Net Assets
$-83,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,010,953
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,010,953
Total Revenue per Form 990
$2,010,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,667,616
Salaries, Compensation, and Employee Benefits$247,891
Total Fundraising Expense$223,466
Other Expenses$178,680
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,667,616--$1,667,616
Current Officers, Directors, Trustees, and Key Employees$6,484$25,939$97,270$129,693
Other Salaries and Wages$4,140$16,556$62,086$82,782
Other Expenses$6,435$1,287$18,020$25,742
Other Employee Benefits$957$3,830$14,364$19,151
Payroll Taxes$813$3,253$12,199$16,265
All Other Expenses$3,000$8,666-$11,666
Conferences and Meetings$1,810$1,810$1,810$5,430
Office Expenses--$4,260$4,260
Information Technology$970$194$2,716$3,880
Insurance$159$635$2,381$3,175
Total Functional Expenses$1,747,905$122,816$223,466$2,094,187

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,094,187
Total Expenses per Audited Statements$2,094,187
Total Expenses per Form 990$2,094,187
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sweet Dream MakersBoca Raton, FL501(c)(3)General Assistance to the Organization$123,300
Place of HopeBoca Raton, FL501(c)(3)General Assistance to the Organization$104,550
JAPCO CHILDREN'S ABILITY CENTERSunrise, FL501(c)(3)General Assistance to the Organization$101,800
Caridad CenterBoyton Beach, FL501(c)(3)General Assistance to the Organization$97,700
SOS CHILDREN'S VILAGECoconut Creek, FL501(c)(3)General Assistance to the Organization$96,800
Florence Fuller Child Development CentersBoca Raton, FL501(c)(3)General Assistance to the Organization$93,950
Boca Helping HandsBoca Raton, FL501(c)(3)General Assistance to the Organization$87,500
Diaper BankBoca Raton, FL501(c)(3)General Assistance to the Organization$49,900
Levis JccBoca Raton, FL501(c)(3)General Assistance to the Organization$44,800
Best Foot ForwardBoca Raton, FL501(c)(3)General Assistance to the Organization$43,300
Rotary Club of Boca RatonBoca Raton, FL501(c)(3)General Assistance to the Organization$40,300
Roots and Wings IncDelray Beach, FL501(c)(3)General Assistance to the Organization$39,500
American Association of CaregivingBoca Raton, FL501(c)(3)General Assistance to the Organization$39,400
Boys & Girls Clubs of Palm BeachWest Palm Beach, FL501(c)(3)General Assistance to the Organization$32,900
Ymca of South Palm BeachBoca Raton, FL501(c)(3)General Assistance to the Organization$32,800
Spirit of Giving NetworkBoca Raton, FL501(c)(3)General Assistance to the Organization$31,300
Bound for CollegeDelray Beach, FL501(c)(3)General Assistance to the Organization$30,000
HomesafeLake Worth, FL501(c)(3)General Assistance to the Organization$30,000
Summer Camp Opportunities Promote EducationAstoria, NY501(c)(3)General Assistance to the Organization$30,000
Education Foundation of PbcBoyton Beach, FL501(c)(3)General Assistance to the Organization$29,300
Fau FoundationBoca Raton, FL501(c)(3)General Assistance to the Organization$29,300
Eda & Cliff Viner Community Scholars Foundation IncBoca Raton, FL501(c)(3)General Assistance to the Organization$28,700
Center for Child CounselingPalm Beach Gardens, FL501(c)(3)General Assistance to the Organization$27,600
Nat King Cole - Generation HopeBoca Raton, FL501(c)(3)General Assistance to the Organization$27,300
Faulk Center for CounselingBoca Raton, FL501(c)(3)General Assistance to the Organization$26,300
UNICORN CHILDREN'S FOUNDATIONBoca Raton, FL501(c)(3)General Assistance to the Organization$22,500
Take Stock in ChildrenWest Palm Beach, FL501(c)(3)General Assistance to the Organization$16,800
Living HungryDelray Beach, FL501(c)(3)General Assistance to the Organization$15,700
Downtown Boca RotaryBoca Raton, FL501(c)(3)General Assistance to the Organization$15,000
ProperlBoca Raton, FL501(c)(3)General Assistance to the Organization$15,000
Junior LeagueBoca Raton, FL501(c)(3)General Assistance to the Organization$14,800
Ymca of Palm BeachesLake Worth, FL501(c)(3)General Assistance to the Organization$10,000
Boca Raton Police Athletic LeagueBoca Raton, FL501(c)(3)General Assistance to the Organization$9,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,044,298
Fundraising Gross Income$933,163
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jay Leno$1,062,092$192,500$554,543$-362,043
Golf$585,126$144,200$247,131$-102,931
Total Events$2,243,681$933,163$1,044,298$-111,135
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by each board member before submitting to the irs.

Form 990, Part VI, Section B, Line 12C

Discussed at board meetings.

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements, and conflict of interest policies are available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is reviewed by each board member before submitting to the irs.

Form 990, Part VI, Section B, Line 12C

Discussed at board meetings.

FORM 990, PART VI, SECTION C, LINE 19:

Governing documents, financial statements, and conflict of interest policies are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Boca West Community Charitable Foundatio
EIN
27-3840788
Phone
5614886980
Address
20583 BOCA WEST DRIVE, BOCA RATON, FL 33434

Signing Officer

Name
Richard Zenker
Title
Chairman
Phone
5614886980
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Zenker
Formed
2010
Legal Domicile
Fl
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
45

Preparer

Firm
Templeton & Company Llp
Address
201 EAST LAS OLAS BLVD STE 1650, FORT LAUDERDALE, FL 33301
Preparer
Richard Juback
Phone
9543330001
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION:

The palm beach county area.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code (the code) and chapter 220.13 of the florida statutes. Accordingly, no provision for income taxes has been recorded. In addition, the foundation has been determined by the internal revenue service (irs) not to be a "private foundation" within the meaning of section 509(a) of the code. Management analyzes tax positions in jurisdictions where it is required to file income tax returns. Interest and penalties attributable to income taxes, if any, are included in operating expenses. No such interest or penalties were recorded for the year 2023. Based on its evaluation, management did not identify any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. The foundation is no longer subject to income tax examinations for years prior to 2020.

PART X, LINE 2:

The foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code (the code) and chapter 220.13 of the florida statues. Accordingly, no provision for income taxes has been recorded. In addition, the foundation has been determined by the internal revenue service (irs) not to be a "private foundation" within the meaning of section 509(a) of the code. Management analyzes tax positions in jurisdictions where it is required to file income tax returns. Interest and penalties attributable to income taxes, if any, are included in operating expenses. No such interest or penalties were recorded for the year 2023. Based on its evaluation, management did not identify any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. The foundation is no longer subject to income tax examinations for years prior to 2020.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO IDENTIFY AND FUND PROJECTS DESIGNED TO STRENGTHEN, BUILD, AND IMPROVE THE LIVES OF CHILDREN IN THE PALM BEACH COUNTY AREA.
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IRS990/Organization501c3Ind0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND CHAPTER 220.13 OF THE FLORIDA STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEAR 2023. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND CHAPTER 220.13 OF THE FLORIDA STATUES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEAR 2023. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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