Charlotte Community Foundation, Inc.

Transcription

1 Charlotte Community Foundation, Inc. SUMMARY Mission Connecting people who care with causes that matter. Contact Information Primary Address 227 Sullivan Street Phone Alternate Phone Website Facebook Twitter Punta Gorda, FL pages/charlotte-community-foundation- Inc/ ?ref=ts&fref=ts CharlotteFndtn General Information nprofit Former Names Charlotte County Foundation Tax Exempt Status Charlotte Community Foundation, Inc. Public Supported Charity Incorporation Year 1995 State Charitable Solicitations Permit Apr 2016 State Registration Jan

2 BACKGROUND & NEEDS Impact Statement Engage the community in giving through philanthropy.grow and protect the organization's funds through responsible administrative, fund development, and investment management.maintain a culture of responsible grant making.serve as a catalyst to improve the capacity and effectiveness of local nonprofit organizations. Needs Statement Endowments, Donor Advised, Designated, Scholarship Funds Unrestricted Funds to support our competitive grant cycle to Charlotte County nonprofit organizations Background Statement The community foundation in Charlotte County is the Charlotte Community Foundation (CCF). A part of the community for more than 20 years, CCF is the only organization of its type focused exclusively on Charlotte County, Florida. CCF has its roots in the Adventist Hospital Foundation. When the hospital was sold and became the Charlotte Regional Medical Center in 1995, the Charlotte County Foundation was established as a separate 501(c)(3) not-for-profit corporation, focused specifically on health and education issues. In 2004, the Foundation changed its focus and became the Charlotte Community Foundation. With a new mission and a new name, and with the support and assistance of four Advisory Councils, the Board of the Charlotte Community Foundation, Inc., set a course that strives to encourage public and private philanthropy, enhance the capacity of Charlotte County's nonprofit organizations, and support projects that offer unique solutions to community needs, all with the intent of improving the quality of life for residents of Charlotte County. The Foundation has awarded over $2.5 million in grants to support nonprofit organizations and scholarships for students in Charlotte County, Florida. Leading Charlotte County through philanthropy, CCF values stewardships, itegrity and objectivity, collaboration, governance, and innovative and diverse leadership committed to advancing our community for good, for ever. Our objectives are to grow and preserve CCF's endowment to address changing community needs, enhance the visibility of the Foundation and its role in building legacies, establish a proactive culture in grant making, match donors with critical community needs, encourage professional development of nonprofits, and develop and support policies and procedures that ensure the implementation of CCF's Strategic Plan and continued improvement of the Foundation's governance structure, operations, and communications systems. Statement from the Board Chair The Charlotte Community Foundation is a facilitator of philanthropy, working with donors, financial advisors, and estate planning attorneys one-on-one to help our citizens achieve their philanthropic dreams. The Charlotte Community Foundation has been a valuable asset to our community for over 20 years. Our goal, plain and simple, is to: enhance the quality of life in Charlotte County through philanthropy. The last several years have continued to be challenging times economically for both for-profit and nonprofit communities. With government funding disappearing, even greater burdes and challenges fall to the private sector if we are to maintain a vibrant nonprofit community and fulfill our missions. Under the direction of the Charlotte Community Foundation, our nprofit Network has strengthened our local nonprofit organizations by establishing the only extensive training program in Charlotte County designed to assist nonprofits develop more effective fundraising, marketing and strategic restructuring activities. Community foundation in general, and the Charlotte Community Foundation specifically, are in business for the long haul. In fact, we are in the business of forever. The funds that are created by donors at the Charlotte Community Foundation can continue to make distributions in perpetuity. Our tag ines states: "For Good. For Ever." To accomplish that, we need a stable, permanent presence in the community to facilitate our mission. As a result of the current real estate market, the Foundation boarsd was able to purchase a prime piece of downtown real estate at a significant discount to begin to create a permanent home for the Charlotte Community 2

3 Foundation which will serve as a cornerstone for the community. We invite you to learn more about the activities of the Charlotte Community Foundation, and to see our vision of the future. Your donation to the Charlotte Community Foundation will allow us to be your catalyst for change in your communit. I invite you to contact me or Greg Bobonich, our CEO, to share the various opportunities that exist through the Foundation. Come grow with us, and see the difference that together we can make in our community. Best regards, Brian Presley Chairman of the Charlotte Community Foundation Board Statement from the CEO/Executive Director Along with the CCF's Board of Directors, it is through the support and counsel of four Advisory Councils (Endowment, Grants, Leadership Development, and Marketing), that policies and procedures are in place for the Foundation. Along with new endowment and investment policies, the Foundation has developed a competitive grants program, established the "nprofit Network" to provide professional development seminars & workshops in Charlotte County for staff & board members of our local nonprofits, and has achieved recognition from the Council on Foundations for compliance with the National Standards for Community Foundations in the U.S. The organization is ready to make the next giant leap to expand our endowment to over $15 million in five years. CCF will focus on its on-going goal of connecting individuals, families, businesses and organizations with the causes they care about, to create permanent charitable funds within the Foundation. It is through these endowed, permanent funds that CCF will help our community meet the challenges of the future. Connie Kantor, Interim CEO Areas Served In a specific U.S. city, cities, state(s) and/or region. FL- Charlotte The Charlotte Community Foundation, Inc. awards grants to Charlotte County Florida nonprofits and nonprofits that serve Charlotte County Florida. Service Categories Primary Organization Type Secondary Organization Type Tertiary Organization Type Philanthropy,Voluntarism & Grantmaking Foundations Community Improvement, Capacity Building Philanthropy,Voluntarism & Grantmaking Foundations 3

4 PROGRAMS Grants Description Annual competitive grant cycle to Charlotte County nprofits for Programs or equipment to increase capacity to serve constituents. Donor advised and designated grants awarded annually as instructed by Fund agreements, to local, national, and international nonprofit organizations. Budget $200, Category Program Linked to Organizational Strategy Population Served Short Term Success Long Term Success Program Success Monitoring Program Success Examples Philanthropy, Voluntarism & Grantmaking, General/Other Comprehensive Grantmaking US& International General/Unspecified Other Named Groups Competitive grant recipients must complete their project with one year, show measurable results, recognize CCF for their contribution, and report back to the Foundation on their success. Providing grants to local nonprofit organizations for special project to benefit the community through an annual competitive grant cycle, budget $60,000. Competitive grants are not awarded for operating funds, but rather to increase capacity of the organization. Donor advised and designated grants are provided in compliance with Fund agreements, 4% of endowed funds allowed to grant annually. Recipients of competitive grants provide interim and final reports, measuring success of their projects, population served, and capacity of organization expanded. Recognition plaques at recipients site and media publicity including CCF as a sponsor are encouraged. TEAM Punta Gorda $50,000 grant developed a City master plan following hurricane Charley's devastation in St. Vincent DePaul, Good Samaritans, Charlotte HIV/AIDS People Support, Church of the Nazarene each benefited from refrigerator/freezer storage to increase capacity of their food pantry programs. The Virginia B. Andes Fund supported the purchase in 2012 of a permanent facility to house a free clinic for underinsured and uninsured residents in Charlotte County with a grant of $840,000. The Hugo and Wallie Spatz Fund was established a fund to provide ongoing support of the Military Heritage Museum of Florida, located in Charlotte County. In addition to the normal annual distribution from the fund, it also provides for matching funds to double the impact of contributions made by others to the museum. This fund has the capacity to be transformative to that organization. Comments Program Comments by Organization Along with the CCF's Board of Directors, it is through the support and counsel of four Advisory Councils (Endowment, Grants, Leadership Development, and Marketing), that policies and procedures are now in place for the Foundation. Along with endowment and investment policies, the Foundation has developed a competitive grants program, established the nprofit Network to provide professional development seminars & resources in Charlotte County for staff & board members of our local nonprofits, and has achieved recognition from the Council on Foundations for compliance with the National Standards for Community Foundations in the U.S. 4

5 The organization is now ready to make the next giant leap to expand our endowment to over $15 million in five years. CCF will focus on its on-going goal of connecting individuals, families, businesses and organizations with the causes they care about, to create permanent charitable funds within the Foundation. It will be through these endowed, permanent funds that CCF will help our community meet the challenges of the future. 5

6 MANAGEMENT CEO/Executive Director CEO/Executive Director Julia Steele CEO Term Start Oct 2014 CEO Former CEOs/Executive Directors Gregory C. Bobonich May Oct 2013 Dr. Carolyn M. Freeland Phd. Apr June 2008 Senior Staff Ms. Jan Stephens Staff & Volunteer Statistics Full Time Staff 1 Part Time Staff 0 Staff Retention Rate % 100 Professional Development Contractors 0 Volunteers 51 Management Reports to Board CEO/Executive Director Formal Evaluation Senior Management Formal Evaluation nmanagement Formal Evaluation Collaborations N/A 6

7 GOVERNANCE Board Chair Board Chair Ron Olsen Company Affiliation Strang, Olsen & Lynch, CPA's, PA Board Term Apr 2014 to Apr 2016 Board Chair Board Co-Chair Board Co-Chair Mary Byrski Esq. Company Affiliation Byrski Estate & Elder Law Board Term Apr 2014 to Apr 2016 Board Co-Chair Board Members Name Affiliation Status Larua Amendola Raymond James Voting Lew Bennett Mary A. Byrski Esq. Landsberg Bennett Private Wealth Management Principal, Byrski Estate and Elder Law Voting Voting Jimmy Dean Publisher, Harbor Style Magazine Voting Jill McCrory McCrory Law Firm Voting Ron Olsen CPA Partner, Strang, Olsen & Lynch, CPAs, PA Voting Julia Steele Charlotte Community Foundation Exofficio Jane Washburn Community Volunteer Voting Douglas L. Young CRPC Senior Financial Advisor, Clear View Financial Services LLC Voting Board Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 9 Hispanic/Latino 0 Native American/American Indian 0 Other 0 0 Board Demographics - Gender Male 4 Female 5 7

8 t Specified 0 Governance Board Term Lengths 3 Board Term Limits 3 Board Orientation Number of Full Board Meetings Annually 12 Board Meeting Attendance % 100 Board Self-Evaluation Written Board Selection Criteria Percentage of Board Making Monetary Contributions 80 Percentage of Board Making In-Kind Contributions 60 Constituency Includes Client Representation Standing Committees Finance Audit Board Governance Marketing Communications / Promotion / Publicity / Public Relations Donor Services Comments Governance Comments by Organization The Board contributes in various ways to the success of the Foundation. Some through financial support, others by referrals of clients and friends, others by in-kind support, and all though community awareness. 8

9 FINANCIALS Current Financial Info Fiscal Year Begins 2015 Fiscal Year Ends 2015 Projected Revenue $75, Projected Expenses $343, Total Projected Revenue includes "in-kind" contributions/ donations Endowment Value $0.00 Spending Policy Percentage 0 Tax Credits Capital Campaign In a Capital Campaign Campaign Goal 0 IRS Form 990s Form Form Form 990 Form 990 Form 990 Form 990 Audit/Financial Documents 2013 Audit 2011 Audit Audit Audit Audit Solvency Short Term Solvency Current Ratio: Current Assets/Current Liabilities Long Term Solvency Long-Term Liabilities/Total Assets 15% 0% 0% 9

10 Historical Financial Review Revenue and Expenses Total Revenue $789,685 $1,680,978 $466,819 Total Expenses $702,849 $685,170 $1,611,395 Revenue Sources Foundation and Corporation $0 $0 $0 Contributions Government Contributions $0 $0 $0 Federal $0 $0 $0 State $0 $0 $0 Local $0 $0 $0 Unspecified $0 $0 $0 Individual Contributions $318,686 $1,067,311 $166,363 Indirect Public Support $0 $0 $0 Earned Revenue $0 $0 ($139,599) Investment Income, Net of Losses $470,999 $613,667 $388,785 Membership Dues $0 $0 $0 Special Events $0 $0 $0 Revenue In-Kind $17,190 $537,457 $35,420 Other $0 $0 $51,270 Expense Allocation Program Expense $619,278 $570,436 $1,501,331 Administration Expense $68,876 $89,717 $86,048 Fundraising Expense $14,695 $25,017 $24,016 Payments to Affiliates $0 $0 $0 Total Revenue/Total Expenses Program Expense/Total Expenses 88% 83% 93% Fundraising Expense/Contributed Revenue 5% 2% 14% Assets and Liabilities Total Assets $6,599,244 $5,808,834 $4,833,742 Current Assets $1,210,036 $3,368,423 $4,364,076 Long-Term Liabilities $1,000,000 $0 $0 Current Liabilities $13,734 $16,446 $15,427 Total Net Assets $5,585,510 $5,792,388 $4,818,315 Top Funding Sources Top Funding Source & Dollar Amount Investment Income $470,999 Contributions, gifts, grants $1,067,311 Investment Income $388,785 Second Highest Funding Source & Dollar Contributions, gifts, Investment Income Contributions, gifts, Amount grants $318,686 $613,667 grants $166,363 Third Highest Funding Source & Dollar Amount 0 $0 0 $0 Fund Management Fees $51,022 Comments Financial Comments by Foundation 10

11 Foundations and corporations are included with individual contributions as they are not separated in the 990 or audit. Financial figures taken from IRS Form and audit reconciled. 11

12 PLANS, POLICIES & LICENSES Plans Fundraising Plan Communication Plan Strategic Plan Strategic Plan Adopted Apr 2008 Years Strategic Plan Considers 5 Management Succession Plan Continuity of Operations Plan Policies Organizational Policies and Procedures Written Conflict of Interest Policy ndiscrimination Policy Directors and Officers Insurance Policy Risk Management Policy General Property Coverage and Professional Liability Whistle Blower Policy Document Destruction Policy Affiliations Affiliation Year Association of Fundraising Professionals - Member 2009 Florida Philanthropic Network- Member 2009 Council on Foundations - Member 2007 Government Licenses Is your organization licensed by the Government? Created Copyright