Community Foundation of the Florida Keys

“An independent audit firm prepares the form 990. A copy of the draft 990 is provided to each member of the finance committee for review and comment. After any a finance committee comments are reflected in the draft, a copy of the form 990 is distributed to each board member and the board approves the ceo to file an electronic version of the return.”

“The board discusses the policy annually when compliance certificates are completed. The governance committee is responsible to monitor compliance with the policy.”

“Compensation of the president and ceo is determined by the foundation's board of governors. The organization has a policy requiring annual evaluations of each employee. The ceo prepares a self- evaluation that is submitted to the board. The board completes the evaluation of the ceo which is discussed in an executive session of the full board. When it comes to adjusting compensation, the board considers local cost of living adjustments and relevant salaries for similar positions. Supporting documentation is retained. The process was last undertaken in november 2023. The organization has no other paid officers or key employees”

“The organization provides copies of its governing documents and conflict of interest policy upon request. The audited financial statements is posted on the organization's website and is available upon request.”

“All other contributions, gifts, grants and similar amounts: gifts and bequests 4,340,179 see schedule 2 ----------- total 4,340,179 ===========”

“General philanthropy the community foundation's mission is to make the florida keys a better place to live now and in the future by fostering philanthropy and actively connecting community needs to resources. In 2024, together with our donors and fundholders, the foundation awarded 553 grants and scholarships totaling 2.95 million to support a wide range of causes, including arts and culture, education, environmental preservation, health and human services, housing, music, recreation, youth development, animal welfare, scholarships, and teacher recognition. Our annual grants program expanded to 784,000 in 2024, representing a 57% increase over 2023-driven largely by the generosity of our donor-advised fundholders. The foundation also prioritized long-term sustainability by focusing on the growth of permanent legacy funds. By year-end, we had secured over 45 million in future planned giving commitments for the benefit of the florida keys. In addition to donor-directed philanthropy, the foundation supports local nonprofit organizations by helping them establish permanent endowment and operational reserve funds. In 2024, 27 new funds were opened, including 2 new permanent endowments created to benefit the florida keys in perpetuity.”

“Center for nonprofit excellence a core pillar of the foundation's mission is strengthening the nonprofit sector to ensure a vibrant and effective ecosystem of services throughout the keys. Through our center for nonprofit excellence, we provide essential tools, training, and support to help organizations lead with purpose and impact. Key programs include our leadership success academy, which equips nonprofit leaders and board members with foundational leadership and governance skills. In 2024, 33 nonprofit leaders completed the two-day program, held in march at the florida keys history and discovery center in islamorada. We also hosted the third annual florida keys nonprofit day, a collaborative initiative of the florida keys funders' alliance. This free professional development summit brought together over 141 nonprofit professionals at the marathon community theater in september for skill-building workshops and networking. To further strengthen the nonprofit workforce, the foundation held its 24th annual unsung heroes celebration in february, recognizing the outstanding contributions of 91 volunteers from organizations across the keys. ________________________________________”

“Unmet community needs the foundation remains committed to identifying and addressing the evolving and often unmet needs of the florida keys. We work in close partnership with local organizations and community members to ensure that all areas of the keys are equitably served. In 2024, the foundation continued to support its regional advisory councils in the upper, middle, and lower keys, providing local insight and guidance to shape grant making and outreach efforts. A one-to-one matching initiative remained in place throughout the year, doubling the impact of donations made to each of the three regional future funds. These funds collectively invested 44,100 in local grant making in 2024. Reflecting our ongoing commitment to county-wide leadership, the board appointed its first chair based outside of key west-residing in key largo- and hired a new ceo based in islamorada. At the same time, we continue to maintain our offices and staff in key west, ensuring a strong presence and accessibility in the lower keys and key west. These strategic moves reinforce the foundation's dedication to serving the entire monroe county community and meeting needs throughout the keys as the organization continues to grow.”

“-1,007,639 revenue 0 total -1,007,639”