Civic Intelligence

Community Foundation for Brevard Inc.

990 • Fiscal year 2016 • EIN 59-2114988

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1361 Bedford DriveMelbourne, FL 32940

(321) 752-5505

Siviq Scores

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

Liabilities / Assets

39th percentile

0.14x

Higher debt load relative to assets than 39% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.52x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

3rd percentile

-99%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

18th percentile

-4.8%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-37%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$10,666,542

Down $538,866 (-4.8%) from 2015

Net Assets

Down

$9,202,886

Down $722,341 (-7.3%) from 2015

Liabilities

Up

$1,463,656

Up $183,475 (+14%) from 2015

Revenue

Down

$962,360

Down $568,039 (-37%) from 2015

Expenses

Up

$1,911,144

Up $319,198 (+20%) from 2015

Net Income

Down

-$948,784

Down $887,237 (-1442%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $11,574,259Liabilities 2011: $418,494Net Assets 2011: $11,155,7652011Assets 2012: $12,708,264Liabilities 2012: $579,163Net Assets 2012: $12,129,1012012Assets 2013: $12,535,393Liabilities 2013: $766,535Net Assets 2013: $11,768,8582013Assets 2014: $11,804,423Liabilities 2014: $1,100,384Net Assets 2014: $10,704,0392014Assets 2015: $11,205,408Liabilities 2015: $1,280,181Net Assets 2015: $9,925,2272015Assets 2016: $10,666,542Liabilities 2016: $1,463,656Net Assets 2016: $9,202,8862016Assets 2017: $12,539,879Liabilities 2017: $1,770,778Net Assets 2017: $10,769,1012017Assets 2018: $13,339,543Liabilities 2018: $1,337,842Net Assets 2018: $12,001,7012018Assets 2019: $18,082,763Liabilities 2019: $1,642,234Net Assets 2019: $16,440,5292019Assets 2020: $22,876,384Liabilities 2020: $2,113,658Net Assets 2020: $20,762,7262020Assets 2021: $32,346,936Liabilities 2021: $2,774,858Net Assets 2021: $29,572,0782021Assets 2022: $34,989,677Liabilities 2022: $2,335,934Net Assets 2022: $32,653,7432022Assets 2023: $39,653,584Liabilities 2023: $2,753,054Net Assets 2023: $36,900,5302023Assets 2024: $51,808,614Liabilities 2024: $3,872,303Net Assets 2024: $47,936,3112024

Highlighted filing

2016

Assets$10,666,542
Liabilities$1,463,656
Net Assets$9,202,886

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,674,5742011Expenses 2012: $1,934,6682012Revenue 2013: $1,100,566Expenses 2013: $1,613,383Net Income 2013: -$512,8172013Revenue 2014: $1,993,846Expenses 2014: $2,775,672Net Income 2014: -$781,8262014Revenue 2015: $1,530,399Expenses 2015: $1,591,946Net Income 2015: -$61,5472015Revenue 2016: $962,360Expenses 2016: $1,911,144Net Income 2016: -$948,7842016Revenue 2017: $2,016,442Expenses 2017: $992,519Net Income 2017: $1,023,9232017Revenue 2018: $3,627,702Expenses 2018: $1,097,179Net Income 2018: $2,530,5232018Revenue 2019: $3,760,199Expenses 2019: $1,030,109Net Income 2019: $2,730,0902019Revenue 2020: $3,650,416Expenses 2020: $1,759,082Net Income 2020: $1,891,3342020Revenue 2021: $9,234,486Expenses 2021: $1,453,403Net Income 2021: $7,781,0832021Revenue 2022: $13,189,759Expenses 2022: $5,088,609Net Income 2022: $8,101,1502022Revenue 2023: $4,611,989Expenses 2023: $3,717,825Net Income 2023: $894,1642023Revenue 2024: $13,213,253Expenses 2024: $4,068,772Net Income 2024: $9,144,4812024

Highlighted filing

2016

Revenue$962,360
Expenses$1,911,144
Net Income-$948,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$7,144,520
Mission and Program Overview

Mission

To inspire and support powerful, rewarding philanthropy to make brevard county a stronger, more vibrant community for all.

Serving as a resource and conducting outreach and education, the foundation attracts and stewards charitable gifts while promoting and inspirirng local philanthropy for educational, cultural, civic, health, social and environmental organizations. The foundation serves as a catalyst in identifying community issues and opportunities and initiates both financial and collaborative solutions. Initiatives during the year included co- leading a community-based network to facilitate support for the veteran community; providing tools, workshops and counsel to strengthen local nonprofits; creating a catalog of endorsed grant applications for donor consideration; convening local grant-makers; convening local nonprofits to learn from area grant makers; providing individuals and organizations diverse opportunities to learn about area needs and the nonprofits. Needs are addressed in many ways including grants, through inceasing awareness of community issues and charitable solutions and services, and

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,764,348$10,194,336▼ $570,012
Cash and Non-Interest-Bearing Accounts$300,470$371,636▲ $71,166
Accounts Receivable$137,921$93,467▼ $44,454
Land, Buildings, and Equipment, Net$1,069$5,503▲ $4,434
Total Assets$11,205,408$10,666,542▼ $538,866
Other Assets Total$1,600$1,600→ $0
Liabilities
Escrow Account Liability$1,277,967$1,461,419▲ $183,452
Other Liabilities$2,214$2,237▲ $23
Total Liabilities$1,280,181$1,463,656▲ $183,475
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,114,864$7,754,724▼ $360,140
Unrestricted Net Assets$1,541,350$1,448,162▼ $93,188
Permanently Rstr Net Assets$269,013--
Total Net Assets Fund Balance$9,925,227$9,202,886▼ $722,341
Total Liabilities and Net Assets / Fund Balance$11,205,408$10,666,542▼ $538,866

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,503$17,885$23,388

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$8,164,266$519,284▲ $466,507$95,474$7,586,966
2015$8,863,589$907,176▼ $240,418$98,513$8,164,266
2014$10,834,739$265,544▲ $308,104$104,668$8,863,589
2013$11,235,043$42,835▲ $906,520$102,464$10,834,739
2012$3,776,968$999,735▲ $543,097$45,118$5,109,595
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Sandra L ScannelliPresident/ce$119,712$3,500$123,212
Revenue and Support

Revenue Composition

Contributions and Grants
$589,231
Program Service Revenue
$13,298
Investment Income
$358,081
Other Revenue
$1,750
All Other Contributions
$589,231
Change in Net Assets
$-948,784

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded3$149,420
Other Non Cash Contri Table1$50,997
Other Non Cash Contri Table1$1,250
Total Noncash Contributions5$201,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$962,360
Revenue Not Reported on Form 990
$226,443
Total Revenue per Audited Statements
$1,188,803
Total Revenue per Form 990
$962,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,446,106
Salaries, Compensation, and Employee Benefits$303,840
Other Expenses$161,198
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,393,716--$1,393,716
Other Salaries and Wages$126,689$31,672-$158,361
Current Officers, Directors, Trustees, and Key Employees$110,891$12,321-$123,212
Fees for Service Investment Mgmnt Fees-$62,782-$62,782
Grants to Domestic Individuals$52,390--$52,390
Occupancy$17,794$4,448-$22,242
Payroll Taxes$17,002$4,251-$21,253
Office Expenses$11,018$2,755-$13,773
Information Technology$8,363$2,091-$10,454
Fees for Services Accounting-$9,800-$9,800
Conferences and Meetings$6,742$1,685-$8,427
Travel$3,373$844-$4,217
Insurance$3,366$841-$4,207
Other Expenses$1,062--$1,062
Pension Plan Contributions$811$203-$1,014
Fees for Services Other$544$136-$680
Depreciation Depletion$414$103-$517
Advertising$262$65-$327
Total Functional Expenses$1,777,147$133,997$0$1,911,144

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,911,144
Total Expenses per Audited Statements$1,911,144
Total Expenses per Form 990$1,911,144
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of BrevardCocoa, FL3Hunger Project$226,000
Brevard Schools FoundationMelbourne, FL3Education Support$95,000
Georgia Tech FoundationAtlanta, GA3Education Support$70,000
Purdue FoundationWest Lafayette, IN3Education Support$70,000
Rochester Institute of TechnologyRochester, NY3Education Support$70,000
The Ohio State UniversityColumbus, OH3Education Support$70,000
Ucf Foundation IncOrlando, FL3Education Support$70,000
University of Florida FoundationGainesville, FL3Education Support$70,000
University of Puerto RicoMayaguez, PR3Education Support$70,000
Villanova UniversityVillanova, PA3Education Support$70,000
2-1-1 Brevard IncRockledge, FL3Veteran Services$49,500
Club EsteemMelbourne, FL3Event Support$40,000
Florida Institute of TechnologyMelbourne, FL3Medical Research$40,000
Junior Achievement of the Space CoaSatellite Beach, FL3Education Support$30,200
Astronauts MemorialTitusville, FL3Education/stem$20,000
Space FoundationColorado Springs, CO3Education/stem$20,000
Florida Wildlife Hospital and SanctMelbourne, FL3Wildlife Welfare$15,462
Love Inc of Brevard IncMelbourne, FL3Home Repair$12,864
National Center for Advanced TechnoArlington, VA3Education/stem$11,000
Candlelighters of Brevard IncIndialantic, FL3CHILDREN'S CANCER SU$10,750
Central Brevard Humane SocietyCocoa, FL3Animal Welfare$10,660
Grant Community ClubGrant, FL3Education$10,480
Boys and Girls Club of Central FlorOrlando, FL3Education/stem$10,000
Brevard Machinist Apprenticeship PrMelbourne, FL3Career Development$10,000
Holy Trinity Episcopal AcademyMelbourne, FL3Education/stem$10,000
Second Harvest Food BankOrlando, FL3Basic Needs/food$10,000
Arnold Palmer Medical CenterOrlando, FL3Medical$8,700
Brevard Aiding Shelter Animals IncMelbourne, FL3Animal Welfare$8,000
Brevard ZooMelbourne, FL3Animal Conservation$7,650
Sea Turtle ConservancyGainesville, FL3Wildlife Welfare$7,300
Brevard Neighborhood Development CoMelbourne, FL3Community Developmen$7,200
Brevard Rescue Mission IncCocoa, FL3Housing$7,100
Spca of North Brevard IncTitusville, FL3Animal Welfare$7,000
The Haven for Children IncMelbourne, FL3Children/education$6,865
CHILDREN'S HOME SOCIETY OF FLORIDAMelbourne, FL3Education Support$6,625
No Limits AcademyMelbourne, FL3Education Support$6,400
Daily BreadMelbourne, FL3Hunger Reduction$6,200
Cancer Care Centers of BrevardMelbourne, FL3Health/wellness$6,000
American Cancer SocietyMelbourne, FL3Medical Research$5,870
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liabilities Under Crut Agreements$2,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Page 6, Part VI, Line 11B

The foundation's independent cpa firm compiles accounting information and prepares form 990, provides copy to president/ceo to review and complete/update. The board of directors receives a full copy of form 990 and reviews it prior to filing.

Form 990, Page 6, Part VI, Line 12C

All officers, directors, employees, and volunteers are required to complete and sign an annual disclosure of interests that could give rise to conflicts and agree to remove themselves from participation, discussion and voting from any real or perceived situation where conflict may arise. Officers, committee chairs, and key employees monitor each decision at meetings, any with conflicts recuse themselves from participating/voting.

Form 990, Page 6, Part VI, Line 15A

The ceo performance and compensation process is determined by the board's executive committee. The ceo is reviewed annually with input from ceo self-evaluation and all board members. Ceo compensation is reviewed using relevant data from the council on foundations, area compensation for comparable positions, and individual performance. The committee reports to the board, the board discusses, modifies, as deemed appropriate, and approves final review/compensation.the board chair and vice chair meet and review performance with the ceo.

Form 990, Page 6, Part VI, Line 19

The community foundation adopted in 2010 a written public disclosure policy to avail its governing documents, conflict of interest policies, and other policies, as well as form 990 financial information. Upon request, excluding donor information, copies will be made available for the same period of disclosures as set forth in irc section 6104(d). Form 990 information is also available on the foundation's website, connectbrevard.org, and other public websites that post form 990 returns.

Filing and Contact Details

Filer

Filer Name
Community Foundation
EIN
59-2114988
Phone
3217525505
Address
1361 BEDFORD DRIVE, MELBOURNE, FL 32940

Signing Officer

Name
Juliana Kreul CPA
Title
Treasurer
Phone
3217525505
Signed
2017-11-14

Organization Details

Principal Officer
Michael S Cerow CPA
Formed
1981
Legal Domicile
Fl
Voting Board Members
16
Independent Board Members
16
Employees
6
Volunteers
101

Preparer

Firm
Flavin Nooney & Person Inc
Address
2200 SOUTH BABCOCK STREET, MELBOURNE, FL 32901
Preparer
Barbara Nooney CPA
Phone
3217254700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Serving as a resource and conducting outreach and education, the foundation attracts and stewards charitable gifts while promoting and inspirirng local philanthropy for educational, cultural, civic, health, social and environmental organizations. The foundation serves as a catalyst in identifying community issues and opportunities and initiates both financial and collaborative solutions. Initiatives during the year included co- leading a community-based network to facilitate support for the veteran community; providing tools, workshops and counsel to strengthen local nonprofits; creating a catalog of endorsed grant applications for donor consideration; convening local grant-makers; convening local nonprofits to learn from area grant makers; providing individuals and organizations diverse opportunities to learn about area needs and the nonprofits. Needs are addressed in many ways including grants, through inceasing awareness of community issues and charitable solutions and services, and maintaining a web-based information resource on all nonprofits in the county. The foundation awarded 142 grants and scholarships during the year, while also educating and engaging the community in the grant-making process.

Form 990, Page 1, Part I, Line 6

The foundation has developed an extensive network of community based volunteers who work diligently throughout the year in supporting the organization and its programs. There were direct, non-board volunteer hours to cfb in 2016 of "1,233"

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The foundation holds assets under 25 separate agency fund agreements for other 501(c)(3) community organizations and distributes those assets as recommended by the agency. Agency fund assets are reported along with the respective agency liabilities in the organization's balance sheet. Contributions and distributions are reported as increases (decreases) in the respective agency liabilities.

Schedule D, Page 2, Part V, Line 4

The foundation utilizes the distribution from its endowment funds as donors' intended to support a wide range of qualified 501(c)(3) organizations for permitted charitable purposes, primarily throughout the brevard county community.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.8$3.87$47.9$13.2$4.07$9.14
2023Detailed filing. Detailed filing data is available for this year.$39.7$2.75$36.9$4.61$3.72$0.89
2022Detailed filing. Detailed filing data is available for this year.$35.0$2.34$32.7$13.2$5.09$8.10
2021Detailed filing. Detailed filing data is available for this year.$32.3$2.77$29.6$9.23$1.45$7.78
2020Detailed filing. Detailed filing data is available for this year.$22.9$2.11$20.8$3.65$1.76$1.89
2019Detailed filing. Detailed filing data is available for this year.$18.1$1.64$16.4$3.76$1.03$2.73
2018Detailed filing. Detailed filing data is available for this year.$13.3$1.34$12.0$3.63$1.10$2.53
2017Detailed filing. Detailed filing data is available for this year.$12.5$1.77$10.8$2.02$0.99$1.02
2016Detailed filing. Detailed filing data is available for this year.$10.7$1.46$9.20$0.96$1.91$0.95
2015Detailed filing. Detailed filing data is available for this year.$11.2$1.28$9.93$1.53$1.59$0.06
2014Detailed filing. Detailed filing data is available for this year.$11.8$1.10$10.7$1.99$2.78$0.78
2013Detailed filing. Detailed filing data is available for this year.$12.5$0.77$11.8$1.10$1.61$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$0.58$12.1$1.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.42$11.2$1.67