KEY BISCAYNE COMMUNITY FOUNDATION, INC
Your vision is our mission.
KEY BISCAYNE COMMUNITY FOUNDATION, INC
EIN: 30-0239421
as of September 2024
as of September 09, 2024
Mission
OUR MISSION IS TO ENABLE, FACILITATE, AND EMPOWER RESIDENTS TO MAKE A POSITIVE DIFFERENCE IN THE LOCAL, GREATER, AND GLOBAL COMMUNITY THROUGH PROGRAMS, GRANT MAKING, FISCAL SPONSORSHIP, AND COMMUNITY LEADERSHIP.
Ruling year
2004
CEO
Melissa White
Main address
240 Crandon Blvd., Suite 108
Key Biscayne, FL 33149 USA
EIN
30-0239421
Arts and culture
Education
Environment
Philanthropy
Community and economic development
Population served
People with diseases and illnesses
Seniors
Adults
Economically disadvantaged people
Military personnel
NTEE code
Community Foundations (T31)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Help residents learn to make a charitable difference in the local, greater or global communities.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
ArtCares for Kids
Volunteers provide art therapy to sick children in the Pediatric Cancer unit at Holtz Children's Hospital.
Healthy Eating, Healthy Living, Healthy Aging
Healthy Eating promotes wellness in schools, which teaches children about the importance of fruits and vegetables and eating well.
Healthy Living provides lectures and workshops from professionals on lifestyle practices for longevity.
Healthy Aging provides older adults with evidence-based physical fitness programs to increase quality of life.
Good Neighbor Award
Recognizing children who are good people to their: peers, teachers and community.
Citizen Scientist Project
To preserve and protect the natural resources of Key Biscayne and Virginia Key by informing and educating residents of Miami-Dade County.
1. Implementing an environmental education continuum;
2. Supporting programs to monitor water quality
3. Promoting sea level rise and climate change best practices.
Village of Empathy
The Village of Empathy is a program to create: 1) engaged leaders, who understand the rights and responsibilities of citizenship; 2) empathetic youth through ADL and Ashoka programming; and, 3) a Sister City Initiative with Liberty City.
Key to Giving
The Key to Giving is a program that allows individuals in our community an opportunity to support the greater community by making a charitable gift to twelve nonprofits that are making a big difference throughout greater Miami in the areas of: youth education, community prosperity, women and children, families in need.
Key Biscayne Women's Giving Circle
The Key Biscayne Women’s Giving Circle is devoted to growing philanthropy among women, with the aim of identifying and financially supporting programs for women and/or children in need throughout Miami-Dade County.
Active Seniors on the Key
Active Seniors on the Key (A.S.K.) is an organization of seniors over 50 who work together to provide a wide range of volunteer activities that allow seniors to continue living independently on Key Biscayne. The A.S.K. club helps serve the needs and interests of senior citizens on Key Biscayne. ASK Club members enrich lives by volunteering to build and strengthen beneficial community activities. Trips, luncheons, health and wellness activities, and special events are ongoing.
iPads for Soldiers
iPads For Soldiers mission is to purchase and donate iPads to US Soldiers serving in Afghanistan and those wounded stateside in military hospitals in order to increase social and emotional wellbeing through communication with loved ones and opportunities to learn and connect.
Fab Lab Miami
Fab Lab Miami aims to inspire and nurture the pursuit of coursework and careers in STEAM through a maker-driven, hands-on experience with digital fabrication and STEAM activities.
Where we work
Affiliations & memberships
Council on Foundations - Member 2008
Council on Foundations - Member 2013
Council on Foundations - Member 2017
Council on Foundations - Member 2018
Council on Foundations 2019
Florida Philanthropic Network 2018
Florida Philanthropic Network 2019
Council on Foundations - Member 2020
Florida Philanthropic Network 2020
Council on Foundations 2021
Florida Philanthropic 2021
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of students who receive scholarship funds and/or tuition assistance
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, Young adults, Economically disadvantaged people
Related Program
Village of Empathy
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Number of meals served or provided
This metric is no longer tracked.Totals By Year
Population(s) Served
Extremely poor people, Low-income people, Working poor, Seniors, Older adults
Type of Metric
Output - describing our activities and reach
Direction of Success
Decreasing
Context Notes
This food security program was related to Covid-19 activities. It included prepared meals and food bags.
Total number of volunteer hours contributed to the organization
This metric is no longer tracked.Totals By Year
Population(s) Served
Seniors, Older adults, Multiracial people, Social and economic status
Related Program
Village of Empathy
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Based on a survey of 350 volunteers, reporting 675 hours/month and 8100 hours/yr. Volunteer hours increased by over 15% during the pandemic, due to programming for seniors and food security.
Total dollar amount of scholarship awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, Young adults, Children
Related Program
Village of Empathy
Type of Metric
Context - describing the issue we work on
Direction of Success
Increasing
Total dollars received in contributions
This metric is no longer tracked.Totals By Year
Population(s) Served
Older adults, Children, Adolescents
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our mission is to enable, facilitate, and empower residents to make a positive difference in the local, greater, and global community through grant-making, programs, fiscal sponsorship, and community leadership. Our goal is to have all Key Biscayne residents make the local and greater community a better place to live through charitable giving of time, talent, and treasure.
What are the organization's key strategies for making this happen?
Our strategy to creating a better local and greater community is accomplished two-fold: 1) by bringing local stakeholders, who want to make a difference in the local and greater community, to the table and 2) by encouraging giving and grant-making through charitable funds.
What are the organization's capabilities for doing this?
Invested in our community and responding to your ideas, our community team acts as the front door to the Foundation. We do this in order to enable, facilitate and empower residents to make a positive difference in the local, greater and global community.
What have they accomplished so far and what's next?
We have made significant progress, which is indicated in our increased charitable giving to the greater community. Our progress is also notable in our community programs such as: the Citizen Scientist Project, the Village of Empathy, Healthy Aging, and various cultural events as well as our numerous partnerships.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
64.38
Months of cash in 2022 info
6.2
Fringe rate in 2022 info
23%
Funding sources info
Assets & liabilities info
Financial data
KEY BISCAYNE COMMUNITY FOUNDATION, INC
Revenue & expensesFiscal Year: Jan 01 - Dec 31
KEY BISCAYNE COMMUNITY FOUNDATION, INC
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of KEY BISCAYNE COMMUNITY FOUNDATION, INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | -$61,849 | $174,292 | -$548,271 | $1,943,649 | -$3,839 |
| As % of expenses | -1.9% | 5.9% | -13.2% | 53.4% | -0.1% |
| Unrestricted surplus (deficit) after depreciation | -$61,849 | $174,292 | -$549,053 | $1,940,522 | -$3,839 |
| As % of expenses | -1.9% | 5.9% | -13.2% | 53.2% | -0.1% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $3,035,144 | $3,087,915 | $4,900,270 | $4,625,050 | $5,609,875 |
| Total revenue, % change over prior year | -10.1% | 1.7% | 58.7% | -5.6% | 21.3% |
| Program services revenue | 34.3% | 18.4% | 15.8% | 33.2% | 22.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 10.9% | 9.8% | 7.1% | 7.0% | 1.3% |
| Government grants | 0.0% | 0.0% | 1.9% | 0.0% | 0.0% |
| All other grants and contributions | 53.0% | 64.0% | 72.7% | 58.8% | 76.8% |
| Other revenue | 1.8% | 7.7% | 2.4% | 0.9% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $3,303,771 | $2,974,906 | $4,146,982 | $3,642,253 | $4,067,415 |
| Total expenses, % change over prior year | 10.6% | -10.0% | 39.4% | -12.2% | 11.7% |
| Personnel | 6.2% | 7.3% | 10.5% | 11.2% | 11.3% |
| Professional fees | 1.0% | 1.2% | 1.6% | 0.9% | 1.9% |
| Occupancy | 0.1% | 0.4% | 0.8% | 1.0% | 0.6% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 32.8% | 24.3% | 32.5% | 26.8% | 25.6% |
| All other expenses | 59.9% | 66.9% | 54.6% | 60.1% | 60.6% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $3,303,771 | $2,974,906 | $4,147,764 | $3,645,380 | $4,067,415 |
| One month of savings | $275,314 | $247,909 | $345,582 | $303,521 | $338,951 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $3,909 | $0 | $0 |
| Total full costs (estimated) | $3,579,085 | $3,222,815 | $4,497,255 | $3,948,901 | $4,406,366 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 1.0 | 2.7 | 4.9 | 8.5 | 6.2 |
| Months of cash and investments | 19.4 | 21.9 | 21.5 | 38.0 | 33.6 |
| Months of estimated liquid unrestricted net assets | 6.2 | 7.5 | 3.8 | 10.7 | 9.6 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $264,141 | $663,361 | $1,690,672 | $2,578,354 | $2,113,270 |
| Investments | $5,089,442 | $4,770,253 | $5,733,443 | $8,941,722 | $9,260,347 |
| Receivables | $2,569,046 | $2,787,917 | $2,728,188 | $109,460 | $273,646 |
| Gross land, buildings, equipment (LBE) | $1,892 | $1,892 | $5,801 | $5,801 | $5,801 |
| Accumulated depreciation (as a % of LBE) | 100.0% | 100.0% | 46.1% | 100.0% | 100.0% |
| Liabilities (as a % of assets) | 0.1% | 0.9% | 5.6% | 1.3% | 1.5% |
| Unrestricted net assets | $1,695,136 | $1,869,428 | $1,320,375 | $3,260,897 | $3,257,058 |
| Temporarily restricted net assets | $6,222,473 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $6,222,473 | $6,710,928 | $8,354,451 | $8,217,773 | $8,217,773 |
| Total net assets | $7,917,609 | $8,580,356 | $9,674,826 | $11,478,670 | $11,474,831 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO
Melissa White
Number of employees
Source: IRS Form 990
KEY BISCAYNE COMMUNITY FOUNDATION, INC
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
KEY BISCAYNE COMMUNITY FOUNDATION, INC
Board of directorsas of 01/19/2023
Board of directors data
Gary Gross
ANA RIVAS-VAZQUEZ
Co-Founder
STEPHEN SONNABEND
JORGE MENDIA
Co-Founder
RICHARD GOLDSTEIN
Bilzin Sumberg
ANNE RICHARDS ROTHE
KBPCS
WILLIAM ROHRER
Duane Morris
CLAUDINE COTO
THE COTO GROUP - ONE SOTHEBYS
MICHAEL C GRAUSAM
Merrill Lynch
DANIELLE VIDAL
GARY GROSS
DAN CASTRO
JP Morgan
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
Disability
No data
Equity strategies
Last updated: 04/04/2022GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Financial statements for 2021, 2020, 2019, 2018, 2017
- Letter of Determination
- Form 1023 / 1024
- Officer and/or Employee data for 2022, 2021, 2020, 2019, 2018
- Contractor and/or Paid Preparer data for 2022, 2021, 2020
- Board of Directors data for 2023
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