Civic Intelligence

Celebration Foundation Inc.

990 • Fiscal year 2015 • EIN 59-3370753

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 18, 2016

610 Sycamore StreetCelebration, FL 34747

(407) 566-1234

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.13x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

41st percentile

0.1%

Higher net margin than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$74,908

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

54th percentile

1.8%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-7.3%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,208,735

Up $20,871 (+1.8%) from 2014

Net Assets

Up

$1,148,994

Up $588 (+0.1%) from 2014

Liabilities

Up

$59,741

Up $20,283 (+51%) from 2014

Revenue

Down

$470,859

Down $37,031 (-7.3%) from 2014

Expenses

Up

$470,271

Up $77,101 (+20%) from 2014

Net Income

Down

$588

Down $114,132 (-99%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $804,719Liabilities 2011: $19,007Net Assets 2011: $785,7122011Assets 2012: $859,827Liabilities 2012: $16,832Net Assets 2012: $842,9952012Assets 2013: $1,077,877Liabilities 2013: $44,191Net Assets 2013: $1,033,6862013Assets 2014: $1,187,864Liabilities 2014: $39,458Net Assets 2014: $1,148,4062014Assets 2015: $1,208,735Liabilities 2015: $59,741Net Assets 2015: $1,148,9942015Assets 2016: $1,324,090Liabilities 2016: $53,179Net Assets 2016: $1,270,9112016Assets 2017: $1,517,416Liabilities 2017: $64,948Net Assets 2017: $1,452,4682017Assets 2018: $1,695,980Liabilities 2018: $108,797Net Assets 2018: $1,587,1832018Assets 2019: $1,817,013Liabilities 2019: $143,731Net Assets 2019: $1,673,2822019Assets 2020: $2,042,628Liabilities 2020: $102,526Net Assets 2020: $1,940,1022020Assets 2021: $2,477,517Liabilities 2021: $79,807Net Assets 2021: $2,397,7102021Assets 2022: $1,989,325Liabilities 2022: $57,938Net Assets 2022: $1,931,3872022Assets 2023: $2,274,352Liabilities 2023: $106,821Net Assets 2023: $2,167,5312023Assets 2024: $2,479,127Liabilities 2024: $83,556Net Assets 2024: $2,395,5712024Assets 2025: $2,661,093Liabilities 2025: $108,552Net Assets 2025: $2,552,5412025

Highlighted filing

2015

Assets$1,208,735
Liabilities$59,741
Net Assets$1,148,994

Operations Trend

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

$1.0M$500K$0Revenue 2011: $210,968Expenses 2011: $156,979Net Income 2011: $53,9892011Revenue 2012: $373,226Expenses 2012: $315,943Net Income 2012: $57,2832012Expenses 2013: $473,3242013Revenue 2014: $507,890Expenses 2014: $393,170Net Income 2014: $114,7202014Revenue 2015: $470,859Expenses 2015: $470,271Net Income 2015: $5882015Revenue 2016: $608,211Expenses 2016: $486,294Net Income 2016: $121,9172016Revenue 2017: $636,646Expenses 2017: $448,997Net Income 2017: $187,6492017Revenue 2018: $681,845Expenses 2018: $547,130Net Income 2018: $134,7152018Revenue 2019: $655,852Expenses 2019: $569,753Net Income 2019: $86,0992019Revenue 2020: $763,502Expenses 2020: $496,682Net Income 2020: $266,8202020Revenue 2021: $734,191Expenses 2021: $490,220Net Income 2021: $243,9712021Revenue 2022: $583,798Expenses 2022: $459,383Net Income 2022: $124,4152022Revenue 2023: $481,056Expenses 2023: $411,231Net Income 2023: $69,8252023Revenue 2024: $940,045Expenses 2024: $572,675Net Income 2024: $367,3702024Revenue 2025: $735,955Expenses 2025: $678,449Net Income 2025: $57,5062025

Highlighted filing

2015

Revenue$470,859
Expenses$470,271
Net Income$588
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 18, 2016
Return Version
2014v6.0
Gross Receipts
$567,828
Mission and Program Overview

Mission

The celebration foundation's mission is building better community through the arts, culture and education. We seek to build a strong and caring community by engaging citizens through impactful programs that address needs an enrich lives.

The Celebration Foundation is an independent nonprofit organization that stimulates the development of local programs and services that address a variety of community needs by offering civic, cultural, educational, leadership, and community service opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$985,797$973,317▼ $12,480
Cash and Non-Interest-Bearing Accounts$93,781$111,918▲ $18,137
Savings and Temporary Cash Investments$74,628$84,487▲ $9,859
Prepaid Expenses and Deferred Charges$5,039$12,418▲ $7,379
Accounts Receivable$7,848$6,995▼ $853
Land, Buildings, and Equipment, Net$1,076$572▼ $504
Total Assets$1,187,864$1,208,735▲ $20,871
Other Assets Total$19,695$19,028▼ $667
Liabilities
Deferred Revenue$29,765$42,362▲ $12,597
Accounts Payable and Accrued Expenses$9,693$17,379▲ $7,686
Total Liabilities$39,458$59,741▲ $20,283
Net Assets / Fund Balance
Unrestricted Net Assets$1,148,406$1,148,994▲ $588
Total Net Assets Fund Balance$1,148,406$1,148,994▲ $588
Total Liabilities and Net Assets / Fund Balance$1,187,864$1,208,735▲ $20,871

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$572$5,428$6,000
Other Assets Org$19,028--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,005,492-▼ $13,147-$992,345
2014$906,203-▲ $99,289-$1,005,492
2013$16,625$798,868▲ $90,710-$906,203
2012$14,378-▲ $2,247-$16,625
2011$14,560-▼ $54-$14,378
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gloria NiecExecutive DirectorFT$74,908$74,908

Board Members and Trustees

NameTitle
David BerelsmanVice President
Desiree MatthewsBoard Member
Dr Stephen KnychBoard Member
Eileen CrawfordBoard Member
Eric DomisBoard Member
Kathleen CarlsonBoard Member
Mary OrrBoard Member
Mike JacksonBoard Member
Paul KinserBoard Member
Sandi KensilBoard Member
Stephen BrenanBoard Member
Thomas PhelpsBoard Member
Vanessa WinterSecretary
Paul CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$329,436
Program Service Revenue
$164,764
Investment Income
$-13,139
Other Revenue
$-10,202
All Other Contributions
$214,933
Change in Net Assets
$588

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,859
Total Revenue per Audited Statements
$470,859
Total Revenue per Form 990
$470,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,083
Salaries, Compensation, and Employee Benefits$174,611
Grants and Similar Amounts Paid$46,577
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$68,457$17,114$0$85,571
All Other Expenses$53,005$18,892$0$71,897
Other Salaries and Wages$55,945$13,867$0$69,812
Grants to Domestic Orgs$46,577--$46,577
Occupancy$10,334$2,573$0$12,907
Fees for Services Other$648$11,677$0$12,325
Payroll Taxes$9,852$2,453$0$12,305
Other Employee Benefits$5,543$1,380$0$6,923
Advertising$5,792$0$0$5,792
Insurance$0$1,630$0$1,630
Depreciation Depletion$0$504$0$504
Other Expenses$362$0$0$362
Total Functional Expenses$400,181$70,090$0$470,271

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$470,271
Total Expenses per Audited Statements$470,271
Total Expenses per Form 990$470,271
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Education Foundation of Osceola CtyKissimmee, FL501c3scholarships$12,500
Boys and Girls ClubOrlando, FL501c3scholarships$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$96,969
Fundraising Gross Income$57,502
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert Series$58,324$35,402$10,861$24,541
Signature Event$88,829$22,100$18,771$3,329
Total Events$172,005$57,502$96,969$-39,467
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
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
Filing and Contact Details

Filer

Filer Name
Celebration Foundation Inc
EIN
59-3370753
Phone
4075661234
Address
610 Sycamore Street, Celebration, FL 34747

Signing Officer

Name
Gloria Niec
Title
Executive Director
Phone
4075661234
Signed
2016-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Niec
Formed
1996
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
200

Preparer

Firm
Ellen Fontana CPA LLC
Address
2471 N MCMULLEN BOOTH RD 308, Clearwater, FL 33759
Preparer
Ellen Fontana
Phone
7274310354
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Organization provides the Form 990 to the Board for

Pt VI, Line 11B

review prior to issuance.

Pt VI, Line 12C

The Board is required to annually sign a conflict of

Pt VI, Line 12C

interest form.

Pt VI, Line 15A

In f/y 2012 the Organization hired an Executive Director

Pt VI, Line 15A

using a board driven search committee. Salary for the

Pt VI, Line 15A

Executive Director was approved by the Executive Board.

Pt VI, Line 15B

No other key employees or compensated officers.

Pt VI, Line 19

Documents are available through the Central Florida

Pt VI, Line 19

Foundation's Donors Edge Profile and upon request.

Form 990EZ, Part II, Line 24

Prepaid expenses furniture and equipment accounts receivable

Form 990EZ, Part II, Line 26

Accounts payable & accrued expenses deferred revenue accrued payroll accrued benefits

Form 990, Part IX, Line 24F

Memorial garden 880. 880. 0. 0. Bank service charges 3240. 0. 3240. 0. Equip and maintenace 7052. 3526. 3526. 0. Supplies 5131. 2566. 2565. 0. Meals and meetings 1616. 0. 1616. 0. Telephone & internet 3197. 2558. 639. 0. Dues and subscriptions 3002. 1501. 1501. 0. Miscellaneous 2298. 964. 1334. 0. Staff training 477. 382. 95. 0. Postage & delivery 946. 757. 189. 0. Campus express 15103. 15103. 0. 0. Thriving in place 16196. 16196. 0. 0. Woman's inititative 5200. 5200. 0. 0. 4th of july event 250

Financial Statement Notes

Pt V, Line 4

Endowment is for the furtherance of the Organization's

Pt V, Line 4

charitable purpose.

Pt X, Line 2

The Organization is subject to the accounting standards

Pt X, Line 2

on accounting for uncertainty in income taxes. Management

Pt X, Line 2

does not believe it has taken any tax positions that are

Pt X, Line 2

subject to a significant degree of uncertainty. The

Pt X, Line 2

Organization's federal returns are generally open for

Pt X, Line 2

examination for three years following the date filed.

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IRS990/Desc0THE CELEBRATION FOUNDATION IS AN INDEPENDENT NONPROFIT ORGANIZATION THAT STIMULATES THE DEVELOPMENT OF LOCAL PROGRAMS AND SERVICES THAT ADDRESS A VARIETY OF COMMUNITY NEEDS BY OFFERING CIVIC, CULTURAL, EDUCATIONAL, LEADERSHIP, AND COMMUNITY SERVICE OPPORTUNITIES. THROUGH A VARIETY OF PROGRAMS AND INITIATIVES, THE FOUNDATION RESPONDS TO CRITICAL HUMAN NEEDS IN THE AREAS OF CELEBRATION AND OSCEOLA COUNTY. AS PART OF THE STRATEGIC PLAN, THE BOARD FOCUSES ON THREE AREAS: EDUCATION, HUMAN SERVICES, AND THE ARTS. THE CELEBRATION FOUNDATION SCHOLARSHIP PROGRAM WAS ESTABLISHED TO DEMONSTRATE SUPPORT FOR OUR HIGH SCHOOL GRADUATES AND TO HELP FURTHER THEIR EDUCATION. SEVERAL $1,000 SCHOLARSHIPS ARE AWARDED ANNUALLY TO GRADUATING SENIORS WHO LIVE IN CELEBRATION OR ATTEND CELEBRATION HIGH SCHOOL. HAVING THE SCHOLARSHIP TIED TO COMMUNITY SERVICE INVITES STUDENTS TO BE SENSITIVE TO COMMUNITY INVOLVEMENT AND VOLUNTEERISM. THE FOUNDATION SERVED AS THE CATALYST FOR IDENTIFYING NEEDS OF CHILDREN WHO ARE HOMELESS OR PRECARIOUSLY HOUSED IN OSCEOLA COUNTY. IT FORMED OSCEOLA CONNECTED, A CONSORTIUM OF CONCERNED FAITH-BASED ORGANIZATIONS, BUSINESSES OR CIVIC GROUPS TO COMBAT CHILDHOOD HUNGER. OSCEOLA CONNECTED HAS ORGANIZED MEAL PACKING EVENTS, LAUNCHED LEARNING WITHOUT HUNGER, AND COLLECTED SNEAKERS, TOILETRY ITEMS AND SCHOOL SUPPLIES FOR CHILDREN THROUGHOUT THE COUNTY. LEARNING WITHOUT HUNGER NOW PROVIDES WEEKEND FOOD TO OVER 1,000 ELEMENTARY CHILDREN EVERY WEEK DURING THE SCHOOL YEAR. THE CELEBRATION FOUNDATION CONCERT SERIES PRESENTS HIGH QUALITY MUSIC TO CELEBRATION AND OSCEOLA COUNTY RESIDENTS. BECAUSE OF THE HOURS OF PLANNING AND ORGANIZING ON BEHALF OF THE COMMITTEE AND THE GENEROSITY OF SPONSORS, TICKET PRICES ARE LOW TO ENCOURAGE ATTENDANCE. THE COMMITTEE ALSO OFFERS FREE OR DISCOUNTED TICKETS TO STUDENTS. THE ORLANDO PHILHARMONIC, FLORIDA SYMPHONY ORCHESTRA AND THE BRASS BAND OF CENTRAL FLORIDA PLAY FREQUENTLY ALONG WITH NATIONALLY OR INTERNATIONALLY ACCLAIMED PERFORMERS. THE CONCERT SERIES HAS FEATURED JAZZ PERFORMERS, AMERICANA MUSIC, AND VOCAL PERFORMERS SUCH AS THE VIENNA CHOIR BOYS AND NOTRE DAME GLEE CLUB. GRAMMY AWARD WINNERS ALSO HAVE APPEARED AS PART OF THE CONCERT SERIES AND THE COMMITTEE IS DEVELOPING A CONCERT IN THE PARKS SERIES. THE CELEBRATION FOUNDATION SPONSORS CAMPUS TOURS OF THE TECHNICAL EDUCATION CENTER OSCEOLA (TECO) AND VALENCIA COLLEGE FOR DISADVANTAGED STUDENTS TO ENCOURAGE POST-SECONDARY EDUCATION. THIS PROGRAM, CALLED CAMPUS EXPRESS, HAS BEEN RECOGNIZED AS ONE OF THE TOP EIGHT STRATEGIES FOR IMPROVING THE COLLEGE GOING RATE FOR OSCEOLA STUDENTS. CAMPUS EXPRESS NAVIGATORS, A PROGRAM FOR 5TH GRADERS, FOCUSES ON CAREER EXPLORATION. OVER 4,000 OSCEOLA STUDENTS HAVE PARTICIPATED IN CAMPUS EXPRESS TOURS. THE CELEBRATION FOUNDATION'S WINGS PROGRAM WAS CREATED TO EXPLORE WAYS FOR WOMEN AND GIRLS TO CREATE STRONG, POWERFUL AND POSITIVE LIFE JOURNEYS. GOAL SETTING, LEADERSHIP QUALITIES, POSITIVE SELF-IMAGE AND STEREOTYPE MYTHS ARE SOME OF THE TOPICS EXPLORED THROUGH POWER LUNCHES AND ANNUAL EVENTS. IN 2012, THE CELEBRATION FOUNDATION CONVENED A GROUP OF ARCHITECTS AND URBAN PLANNERS TO PRESERVE, PROTECT AND ADVANCE THE NEW URBANISM PRINCIPLES WHICH WERE PART OF THE FRAMEWORK IN DEVELOPING CELEBRATION. CLASSES ARE TAUGHT AT STETSON LIFELONG LEARNING AND A FOUNDER'S DAY SPEAKER SERIES IS SPONSORED EVERY YEAR. THE CELEBRATION FOUNDATION THRIVING IN PLACE PROGRAM WAS CONCEIVED TO ENABLE CELEBRATION RESIDENTS TO LIVE IN THEIR OWN HOMES LEADING HEALTHY, SAFE, INDEPENDENT AND PRODUCTIVE LIVES AS THEY AGE OR MANAGE A DISABILITY. BASED ON THE VILLAGE TO VILLAGE MOVEMENT, MEMBERS ENJOY A ONE CALL RESOURCE FOR ACCESS TO VOLUNTEERS AND VETTED SERVICE PROVIDERS, SOCIAL, CULTURAL, WELLNESS AND EDUCATIONAL ACTIVITIES, ASSISTANCE FROM PROFESSIONAL STAFF, AND MUCH MORE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.66$0.11$2.55$0.74$0.68$0.06
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.08$2.40$0.94$0.57$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.11$2.17$0.48$0.41$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.06$1.93$0.58$0.46$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.08$2.40$0.73$0.49$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.10$1.94$0.76$0.50$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.82$0.14$1.67$0.66$0.57$0.09
2018Summary only. Only limited summary data is available for this year.$1.70$0.11$1.59$0.68$0.55$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.52$0.06$1.45$0.64$0.45$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.05$1.27$0.61$0.49$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.06$1.15$0.47$0.47$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.15$0.51$0.39$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.04$1.03$0.47
2012Summary only. Only limited summary data is available for this year.$0.86$0.02$0.84$0.37$0.32$0.06
2011Summary only. Only limited summary data is available for this year.$0.80$0.02$0.79$0.21$0.16$0.05