Civic Intelligence

Florida Keys Educational Foundation Inc.

990 • Fiscal year 2014 • EIN 59-6173174

Apr 01, 2013 to Mar 31, 2014 • Filed on Aug 21, 2014

5901 College Road33040

(305) 809-3299

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

69th percentile

9.1%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

82nd percentile

32%

Faster revenue growth than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,745,032

Up $397,175 (+9.1%) from 2013

Net Assets

Up

$4,739,793

Up $454,010 (+11%) from 2013

Liabilities

Down

$5,239

Down $56,835 (-92%) from 2013

Revenue

Up

$850,688

Up $207,340 (+32%) from 2013

Expenses

Up

$396,678

Up $146,127 (+58%) from 2013

Net Income

Up

$454,010

Up $61,213 (+16%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $3,975,718Liabilities 2012: $82,732Net Assets 2012: $3,892,9862012Assets 2013: $4,347,857Liabilities 2013: $62,074Net Assets 2013: $4,285,7832013Assets 2014: $4,745,032Liabilities 2014: $5,239Net Assets 2014: $4,739,7932014Assets 2015: $4,810,573Liabilities 2015: $16,380Net Assets 2015: $4,794,1932015Assets 2016: $4,973,823Liabilities 2016: $31,942Net Assets 2016: $4,941,8812016Assets 2017: $5,725,829Liabilities 2017: $62,798Net Assets 2017: $5,663,0312017Assets 2018: $6,024,324Liabilities 2018: $77,494Net Assets 2018: $5,946,8302018Assets 2019: $6,069,453Liabilities 2019: $46,540Net Assets 2019: $6,022,9132019Assets 2020: $4,621,582Liabilities 2020: $37,927Net Assets 2020: $4,583,6552020Assets 2021: $7,740,394Liabilities 2021: $30,842Net Assets 2021: $7,709,5522021Assets 2022: $7,544,279Liabilities 2022: $32,459Net Assets 2022: $7,511,8202022Assets 2023: $6,581,784Liabilities 2023: $15,080Net Assets 2023: $6,566,7042023Assets 2024: $8,715,752Liabilities 2024: $140,194Net Assets 2024: $8,575,5582024Assets 2025: $10,902,273Liabilities 2025: $34,549Net Assets 2025: $10,867,7242025

Highlighted filing

2014

Assets$4,745,032
Liabilities$5,239
Net Assets$4,739,793

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $329,912Expenses 2012: $621,273Net Income 2012: -$291,3612012Revenue 2013: $643,348Expenses 2013: $250,551Net Income 2013: $392,7972013Revenue 2014: $850,688Expenses 2014: $396,678Net Income 2014: $454,0102014Revenue 2015: $403,398Expenses 2015: $348,998Net Income 2015: $54,4002015Revenue 2016: $982,829Expenses 2016: $448,540Net Income 2016: $534,2892016Revenue 2017: $851,156Expenses 2017: $631,420Net Income 2017: $219,7362017Revenue 2018: $377,886Expenses 2018: $502,910Net Income 2018: -$125,0242018Revenue 2019: $638,378Expenses 2019: $446,382Net Income 2019: $191,9962019Revenue 2020: $1,204,926Expenses 2020: $1,572,077Net Income 2020: -$367,1512020Revenue 2021: $1,976,951Expenses 2021: $915,768Net Income 2021: $1,061,1832021Revenue 2022: $958,072Expenses 2022: $1,384,810Net Income 2022: -$426,7382022Revenue 2023: $749,474Expenses 2023: $1,063,846Net Income 2023: -$314,3722023Revenue 2024: $1,846,783Expenses 2024: $681,768Net Income 2024: $1,165,0152024Revenue 2025: $3,101,368Expenses 2025: $747,592Net Income 2025: $2,353,7762025

Highlighted filing

2014

Revenue$850,688
Expenses$396,678
Net Income$454,010
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Aug 21, 2014
Return Version
2013v3.1
Gross Receipts
$850,688
Mission and Program Overview

Mission

To provide financial and other essential support to further the mission and goals of the college of the florida keys (cfk).

To provide financial and other essential support to further the mission and goals of florida keys community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,991,220$4,554,839▲ $563,619
Land, Buildings, and Equipment, Net$71,574$98,049▲ $26,475
Cash and Non-Interest-Bearing Accounts$79,105$87,238▲ $8,133
Prepaid Expenses and Deferred Charges-$4,500-
Accounts Receivable$10,264$406▼ $9,858
Total Assets$4,347,857$4,745,032▲ $397,175
Other Assets Total$195,694--
Liabilities
Accounts Payable and Accrued Expenses$62,074$5,239▼ $56,835
Total Liabilities$62,074$5,239▼ $56,835
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,464,362$2,495,362▲ $31,000
Temporarily Rstr Net Assets$1,801,031$2,210,647▲ $409,616
Unrestricted Net Assets$20,390$33,784▲ $13,394
Total Net Assets Fund Balance$4,285,783$4,739,793▲ $454,010
Total Liabilities and Net Assets / Fund Balance$4,347,857$4,745,032▲ $397,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,475$2,720$27,195
Land$43,774--
Equipment$29,800--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,464,362$31,000--$2,495,362
2012$2,464,362$40,123--$2,464,362
2011$2,424,239---$2,423,239
2010$1,824,239$600,000--$2,424,239
2009$1,824,239---$1,824,239
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank ToppinoChairman
Bob CardenasVice Chair
Anne ObannonDirector
Annette RobertsonDirector
Dirk SmitsDirector
Emilie StewartDirector
Jerry CaputoDirector
John PadgetDirector
Pat MillerDirector
Susan AbagnaleDirector
Deborah LeonardRecording Se
Connor BoydSecretary
Edward RussoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$256,493
Program Service Revenue
$0
Investment Income
$594,195
Other Revenue
$0
All Other Contributions
$243,428
Change in Net Assets
$454,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$850,688
Total Revenue per Audited Statements
$850,688
Total Revenue per Form 990
$850,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,842
Grants and Similar Amounts Paid$158,651
Salaries, Compensation, and Employee Benefits$27,185
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$158,651--$158,651
Other Salaries and Wages-$27,185-$27,185
Fees for Services Accounting-$4,850-$4,850
All Other Expenses-$4,307-$4,307
Other Expenses$184,929$3,066-$3,066
Depreciation Depletion$2,720--$2,720
Insurance-$1,051-$1,051
Office Expenses-$420-$420
Total Functional Expenses$346,300$50,378$0$396,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$396,678
Total Expenses per Audited Statements$396,678
Total Expenses per Form 990$396,678
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

The draft of the return is distributed for review to the entire board of directors and is also reviewed by the treasurer of the governing board. The final return is distributed to the board of directors prior to filing

Form 990, Page 6, Part VI, Line 19

Governing documents are available for online viewing at http://www.fkcc.edu/faculty-admin/foundation-overview.da

Filing and Contact Details

Filer

EIN
59-6173174
Phone
3058093299

Signing Officer

Name
Robert Cardenas
Title
CHAIR; BOARD OF DIRECTORS
Phone
3058093299
Signed
2014-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Cardenas
Formed
1966
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
12
Employees
0

Preparer

Preparer
Julio Buzzi
Phone
3052852300
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Scholarships are awarded to fkcc students and paid directly to fkcc on behalf of the student

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AWARDED TO FKCC STUDENTS AND PAID DIRECTLY TO FKCC ON BEHALF OF THE STUDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF THE RETURN IS DISTRIBUTED FOR REVIEW TO THE ENTIRE BOARD OF DIRECTORS AND IS ALSO REVIEWED BY THE TREASURER OF THE GOVERNING BOARD. THE FINAL RETURN IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE FOR ONLINE VIEWING AT HTTP://WWW.FKCC.EDU/FACULTY-ADMIN/FOUNDATION-OVERVIEW.DA
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt020390
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine105901 COLLEGE ROAD
IRS990/USAddress/City0KEY WEST
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode033040
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTP://WWW.FKCC.EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT CARDENAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR; BOARD OF DIRECTORS
ReturnHeader/BusinessOfficerGrp/PhoneNum03058093299
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine10FLORIDA KEYS EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0596173174
ReturnHeader/Filer/PhoneNum03058093299
ReturnHeader/Filer/USAddress/AddressLine105901 COLLEGE ROAD
ReturnHeader/Filer/USAddress/City0KEY WEST
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode033040
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800631935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SMITH BUZZI & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102103 CORAL WAY SUITE 305

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.9$0.03$10.9$3.10$0.75$2.35
2024Detailed filing. Detailed filing data is available for this year.$8.72$0.14$8.58$1.85$0.68$1.17
2023Detailed filing. Detailed filing data is available for this year.$6.58$0.02$6.57$0.75$1.06$0.31
2022Detailed filing. Detailed filing data is available for this year.$7.54$0.03$7.51$0.96$1.38$0.43
2021Detailed filing. Detailed filing data is available for this year.$7.74$0.03$7.71$1.98$0.92$1.06
2020Detailed filing. Detailed filing data is available for this year.$4.62$0.04$4.58$1.20$1.57$0.37
2019Detailed filing. Detailed filing data is available for this year.$6.07$0.05$6.02$0.64$0.45$0.19
2018Detailed filing. Detailed filing data is available for this year.$6.02$0.08$5.95$0.38$0.50$0.13
2017Detailed filing. Detailed filing data is available for this year.$5.73$0.06$5.66$0.85$0.63$0.22
2016Detailed filing. Detailed filing data is available for this year.$4.97$0.03$4.94$0.98$0.45$0.53
2015Summary only. Only limited summary data is available for this year.$4.81$0.02$4.79$0.40$0.35$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.75$0.01$4.74$0.85$0.40$0.45
2013Summary only. Only limited summary data is available for this year.$4.35$0.06$4.29$0.64$0.25$0.39
2012Summary only. Only limited summary data is available for this year.$3.98$0.08$3.89$0.33$0.62$0.29