2025-10-02T16:20:12-04:00 2024-12-31 800631935 SMITH BUZZI & ASSOCIATES LLC 9425 SUNSET DR STE 180 MIAMI FL 331733290 990 2024-01-01 650648968 COMMUNITY FOUNDATION OF THE FLORIDA KEYS COMM 3052921502 300 SOUTHARD ST SUITE 201 KEY WEST FL 33040 ELIZABETH BROWN PRESIDENT & CEO 3052921502 2025-09-30 true false JULIO BUZZI P00853282 3055986701 2025-10-02 2024 2025-03-06 01:10:19Z ELIZABETH BROWN 300 SOUTHARD ST STE 201 KEY WEST FL 33040 6603079 false X WWW.CFFK.ORG X 1996 CONNECTING PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY 11 11 3 0 3609859 4340179 348670 406441 847249 1839459 3491261 17000 8297039 6603079 2782334 2906073 0 385554 371304 0 172406 548317 743154 3716205 4020531 4580834 2582548 29010748 33814856 5274195 5785670 23736553 28029186 X TO CONNECT PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY. false false 3639345 2906073 392616 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. 81671 13825 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. 3721016 true true false false false true false false true true true false false false false false true false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false true 13 0 3 true false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false FL X X X ELIZABETH BROWN 3052921502 300 SOUTHARD ST STE 201 KEY WEST FL 33040 X ELIZABETH BROWN PRESIDENT & 40.00 X 0 0 0 MARIAN BUCCAFURNI DIRECTOR 2.00 X 0 0 0 ROBERT HIGHSMITH DIRECTOR 2.00 X 0 0 0 WARREN LEAMARD DIRECTOR 2.00 X 0 0 0 LAURA LIETAERT CHAIR 2.00 X 0 0 0 HEIDI MORRIS DIRECTOR 2.00 X 0 0 0 LARRY NOLT DIRECTOR 2.00 X 0 0 0 KEN SILVERMAN DIRECTOR 2.00 X 0 0 0 ANDREA SPOTTSWOOD TREASURER 2.00 X X 0 0 0 ROBYN STILL DIRECTOR 2.00 X 0 0 0 JODI WEINHOFER SECRETARY 2.00 X X 0 0 0 ISIS WRIGHT DIRECTOR 2.00 X 0 0 0 100197 2 true false false X 4340179 4340179 ADMIN FEES 392616 392616 UNSUNG HEROES 8617 8617 LEADERSHIP SUCCESS ACADEMY 5208 5208 406441 1839459 644274 1195185 SPLIT INTEREST VALUE CHANGE 17000 17000 17000 6603079 1067715 1195185 2906073 2906073 350448 140739 79944 129765 20856 20856 15124 15124 509079 509079 70543 70543 23528 887 469 22172 16000 3301 9864 2835 25732 10774 5702 9256 24446 16527 3019 4900 5240 5240 1684 1684 9669 4048 2143 3478 3920 3920 CENTER FOR NONPROFIT EXCE 38189 38189 4020531 3721016 127109 172406 339309 303039 66819 45896 3333 13457 13234 391673 176033 223054 215640 28138109 32986714 230000 247000 29010748 33814856 20667 32195 34750 12750 4333 2230 5212988 5738495 1457 5274195 5785670 X 7642693 7974007 16093860 20055179 23736553 28029186 29010748 33814856 X 2582548 2235593 482131 -1007639 X false true X true false X 2004718 3482498 4049005 3958529 4746620 18241370 2004718 3482498 4049005 3958529 4746620 18241370 18241370 409348 1447887 1001057 847249 1195185 4900726 -337807 188885 644274 495352 23637448 -300300 0.77170 0.81940 X PART II, LINE 10 OTHER INCOME 495,352 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51 2340833 734075 4708933 true true false true X 12699383 286536 1863158 620744 14228333 10146797 573640 2073621 94675 12699383 10723188 1094423 -1225080 445734 10146797 8908581 793270 1320146 298809 10723188 8266858 231846 714766 304889 8908581 0.37930 0.62070 true false 366160 152133 214027 25513 23900 1613 215640 7831034 2235593 2235593 5595441 1007638 1007638 6603079 3538400 3538400 482131 482131 4020531 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION ACCEPTS DONATIONS AND ARRANGES FOR INVESTMENT MANAGEMENT SERVICES UNDER TERMS OF FUND AGREEMENTS OR MEMORANDUMS OF UNDERSTANDING. THE BOARD OF GOVERNORS HAS VARIANCE POWERS OVER DISTRIBUTION OF DONATIONS MADE FROM FUNDS THAT NAME AS A BENFICIARY THE NONPROFIT ORGANIZATION. THE VARIANCE POWER WILL BE EXCERCISED IN THE EVENT RESTRICTIONS UNDER THE AGENCY FUND AGREEMENT BECOME INCAPABLE OF FULFILLMENT OR INCONSISTENT WITH THE CHARITABLE NEEDS OF THE COMMUNITY OR AREA SERVED. THE ORGANIZATION REPORTS DONATIONS RECEIVED, INVESTMENT EARNINGS, GRANTS MADE AND OTHER COSTS OF AGENCY FUNDS IN THE APPROPRIATE SCHEDULES OF THE FORM 990, THEREFORE THERE IS A RECONCILATION ITEM FOR THE CHANGE IN NET ASSETS RELATED TO THE CHANGE IN THE LIABILITY OF THE FUNDS HELD AS AGENT. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS, INVESTMENT GAINS / LOSSES OF AGENCY FUND 1,007,638 true SEE ATTACHED SCHEDULE 1 2906073 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHEDULE I, PART 1 LINE 2: GENERALLY, GRANTS FROM DONOR ADVISED FUNDS ARE RESTRICTED, FOR A SPECIFIC PROGRAM, OR FOR GENERAL OPERATING SUPPORT. GRANTS MADE ON A COMPETITIVE APPLICATION PROCESS REQUIRE END OF GRANT REPORTS TO DETAIL HOW FUNDS WERE USED. SCHOLARSHIPS ARE MONITORED BY REQUIRING STUDENTS TO PROVIDE PROOF OF ENROLLMENT AND DISBURSING FUNDS DIRECTLY TO THE COLLEGE OR UNIVERSITY WHENEVER POSSIBLE. false false false false false false false false false FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 2, PART III, LINE 4B 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. ________________________________________ FORM 990, PAGE 2, PART III, LINE 4C 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. FORM 990, PAGE 6, PART VI, LINE 11B 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. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD DISCUSSES THE POLICY ANNUALLY WHEN COMPLIANCE CERTIFICATES ARE COMPLETED. THE GOVERNANCE COMMITTEE IS RESPONSIBLE TO MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A 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 FORM 990, PAGE 6, PART VI, LINE 19 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. FORM 990, PART VIII ALL OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS: GIFTS AND BEQUESTS 4,340,179 SEE SCHEDULE 2 ----------- TOTAL 4,340,179 =========== FORM 990, PART XI, LINE 9 -1,007,639 REVENUE 0 TOTAL -1,007,639 CFFK HOLDINGS LLC (47-5385158) 300 SOUTHARD STREET SUITE 201 KEY WEST FL 33040 REAL ESTAT FL CFFK COMMUNITY FOUNDATION SCHEDULE R THE RELATED ENTITY, CFFK HOLDINGS LLC, WAS FORMED FOR THE PURPOSE OF HOLDING DONATED REAL ESTATE. IN 2016 THE REAL ESTATE WAS SOLD. THERE ARE NO TRANSACTIONS BETWEEN THE RELATED ENTITY AND THE ORGANIZATION IN 2024 BECAUSE THE RELATED ENTITY HAS NO ASSETS OR LIABILITIES. THE RELATED ENTITY REMAINS AN ACTIVE LIMITED LIABILITY COMPANY IN THE STATE OF FLORIDA IN ANTICIPATION OF FUTURE DONATIONS OF REAL PROPERTY.