Civic Intelligence

Daytona Beach Community Foundation Inc.

990 • Fiscal year 2020 • EIN 59-2387345

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 07, 2021

126 East Orange AvenueDaytona Beach, FL 32114

(386) 255-0981

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.11x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

23rd percentile

-10%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

7th percentile

-20%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-24%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$798,643

Down $200,261 (-20%) from 2019

Net Assets

Down

$784,944

Down $17,721 (-2.2%) from 2019

Liabilities

Down

$13,699

Down $182,540 (-93%) from 2019

Revenue

Down

$125,247

Down $38,816 (-24%) from 2019

Expenses

Down

$137,995

Down $4,165 (-2.9%) from 2019

Net Income

Down

-$12,748

Down $34,651 (-158%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $718,149Liabilities 2010: $48,832Net Assets 2010: $669,3172010Assets 2011: $743,734Liabilities 2011: $107,083Net Assets 2011: $636,6512011Assets 2012: $616,642Liabilities 2012: $18,677Net Assets 2012: $597,9652012Assets 2013: $665,617Liabilities 2013: $17,358Net Assets 2013: $648,2592013Assets 2014: $704,881Liabilities 2014: $22,386Net Assets 2014: $682,4952014Assets 2015: $723,436Liabilities 2015: $22,000Net Assets 2015: $701,4362015Assets 2016: $740,929Liabilities 2016: $19,568Net Assets 2016: $721,3612016Assets 2017: $791,501Liabilities 2017: $22,501Net Assets 2017: $769,0002017Assets 2018: $806,405Liabilities 2018: $26,728Net Assets 2018: $779,6772018Assets 2019: $998,904Liabilities 2019: $196,239Net Assets 2019: $802,6652019Assets 2020: $798,643Liabilities 2020: $13,699Net Assets 2020: $784,9442020Assets 2021: $859,160Liabilities 2021: $14,555Net Assets 2021: $844,6052021Assets 2022: $880,235Liabilities 2022: $5,560Net Assets 2022: $874,6752022Assets 2023: $2,824,800Liabilities 2023: $1,914,535Net Assets 2023: $910,2652023Assets 2024: $3,209,104Liabilities 2024: $1,343,426Net Assets 2024: $1,865,6782024

Highlighted filing

2020

Assets$798,643
Liabilities$13,699
Net Assets$784,944

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $99,4882010Revenue 2011: $79,820Expenses 2011: $112,103Net Income 2011: -$32,2832011Expenses 2012: $86,8022012Revenue 2013: $88,182Expenses 2013: $37,888Net Income 2013: $50,2942013Revenue 2014: $81,509Expenses 2014: $47,273Net Income 2014: $34,2362014Revenue 2015: $55,181Expenses 2015: $36,240Net Income 2015: $18,9412015Revenue 2016: $165,888Expenses 2016: $145,963Net Income 2016: $19,9252016Revenue 2017: $202,690Expenses 2017: $155,051Net Income 2017: $47,6392017Revenue 2018: $148,774Expenses 2018: $142,139Net Income 2018: $6,6352018Revenue 2019: $164,063Expenses 2019: $142,160Net Income 2019: $21,9032019Revenue 2020: $125,247Expenses 2020: $137,995Net Income 2020: -$12,7482020Revenue 2021: $230,643Expenses 2021: $170,827Net Income 2021: $59,8162021Revenue 2022: $183,359Expenses 2022: $153,037Net Income 2022: $30,3222022Revenue 2023: $198,402Expenses 2023: $163,089Net Income 2023: $35,3132023Revenue 2024: $1,243,795Expenses 2024: $288,356Net Income 2024: $955,4392024

Highlighted filing

2020

Revenue$125,247
Expenses$137,995
Net Income-$12,748
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 7, 2021
Return Version
2020v4.0
Gross Receipts
$184,808
Mission and Program Overview

Mission

A foundation raising funds for charitable, literary, scientific or educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$240,012$343,040▲ $103,028
Investments in Publicly Traded Securities$415,331$316,162▼ $99,169
Cash and Non-Interest-Bearing Accounts$227,026$90,087▼ $136,939
Land, Buildings, and Equipment, Net$61,962$45,154▼ $16,808
Accounts Receivable$10,650--
Prepaid Expenses and Deferred Charges$43,923$4,200▼ $39,723
Total Assets$998,904$798,643▼ $200,261
Liabilities
Other Liabilities$171,852--
Deferred Revenue$23,650$12,000▼ $11,650
Accounts Payable and Accrued Expenses$737$1,699▲ $962
Total Liabilities$196,239$13,699▼ $182,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$802,665$784,944▼ $17,721
Total Net Assets Fund Balance$802,665$784,944▼ $17,721
Total Liabilities and Net Assets / Fund Balance$998,904$798,643▼ $200,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,154$1,306,622$1,351,776
Equipment-$94,013$94,013
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy DyeChairman
Bob ColemanDirector
Bob LloydDirector
Bob WilsonDirector
Bobby ThigpenDirector
Chris BowlerDirector
Eric PeburnDirector
Glenn Ritchey SrDirector
James RoseDirector
Joe PetrockDirector
John FergusonDirector
Kathy MilthorpeDirector
Larry AtkinsonDirector
Paul ClareDirector
Philip MaroneyDirector
Robert D MartinDirector
Suzanne ForbesDirector
Teresa RandDirector
Nancy KeeferSecretary
Skip LillyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,000
Investment Income
$8,858
Other Revenue
$2,389
Change in Net Assets
$-12,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$78,000
Other Expenses$59,995
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$78,000--$78,000
Fees for Services Other$36,000--$36,000
Depreciation Depletion$16,808--$16,808
Fees for Services Accounting$5,899--$5,899
Insurance$1,332--$1,332
Other Expenses$-86--$-86
Total Functional Expenses$137,995$0$0$137,995
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daytona Regional Chamber of CommerDaytona Beach, FL6Chamber Programs$78,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,450
Fundraising Direct Expenses$59,561
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cycle Fundraise$60,450$60,450$39,561$20,889
Total Events$60,450$60,450$59,561$889
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by management and the board of directors.

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

The conflicts of interest policy is enforced through a review of the annual disclosure forms completed by the board members, and if conflicts are identified, a determination is made of the appropriate action in accordance with the policy.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Daytona Beach Community Foundation
EIN
59-2387345
Phone
3862550981
Address
126 EAST ORANGE AVENUE, DAYTONA BEACH, FL 32114

Signing Officer

Name
Nancy Keefer
Title
Secretary
Phone
3865233677
Signed
2021-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Keefer
Formed
1983
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
Bolerjack Halsema Bowling & White Pa
Address
42 SOUTH PENINSULA DRIVE, DAYTONA BEACH, FL 32118
Preparer
Eva F Bowling
Phone
3862530677
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program support fee 36,000 0 0

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IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt042
IRS990/OtherExpensesGrp/ProgramServicesAmt1-86
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0148950
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHAMBER PROGRAMS
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IRS990ScheduleI/RecipientTable/RecipientEIN0590215990
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0126 EAST ORANGE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DAYTONA BEACH
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICTS OF INTEREST POLICY IS ENFORCED THROUGH A REVIEW OF THE ANNUAL DISCLOSURE FORMS COMPLETED BY THE BOARD MEMBERS, AND IF CONFLICTS ARE IDENTIFIED, A DETERMINATION IS MADE OF THE APPROPRIATE ACTION IN ACCORDANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAM SUPPORT FEE 36,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$1.34$1.87$1.24$0.29$0.96
2023Detailed filing. Detailed filing data is available for this year.$2.82$1.91$0.91$0.20$0.16$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.18$0.15$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.84$0.23$0.17$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.78$0.13$0.14$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.20$0.80$0.16$0.14$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.03$0.78$0.15$0.14$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.02$0.77$0.20$0.16$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.02$0.72$0.17$0.15$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.70$0.06$0.04$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.02$0.68$0.08$0.05$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.67$0.02$0.65$0.09$0.04$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.02$0.60$0.09
2011Summary only. Only limited summary data is available for this year.$0.74$0.11$0.64$0.08$0.11$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.05$0.67$0.10