Overview
What is Key Biscayne Community Foundation Inc?
Key Biscayne Community Foundation Inc is a dedicated nonprofit organization with a mission to empower and facilitate positive contributions to the local and wider communities. Based in Key Biscayne, Florida, the foundation accomplishes this through various initiatives, including grant making, fiscal sponsorship, and community leadership. They believe in fostering a sense of community within a community, aiming to improve the quality of life for residents of Key Biscayne and greater Miami-Dade County. By closely monitoring local issues and resources, Key Biscayne Community Foundation has a deep understanding of the region's challenges and the organizations addressing them. Working alongside volunteers, they establish initiatives to drive change across essential community well-being subjects. They raise funds through events and distribute grants to support charitable organizations within and beyond the island, contributing significantly to the community's betterment. The foundation partners with local organizations to facilitate change, build community support, and establish long-term sustainability for families and communities in need.
Official website here: www.keybiscaynefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
The Key Biscayne Community Foundation Inc has earned a commendable four-star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a score of 90% overall, the organization scores particularly high in accountability and finance, demonstrating effective governance and sound financial practices. The foundation boasts a fully independent board and no instances of material asset diversion, indicating transparency and responsible management.
Strengths of the organization include high program expense and fundraising efficiency ratios, which suggest that a significant proportion of funds are directly used for program services rather than administrative costs. Additionally, the foundation has put in place essential policies, such as a conflict of interest policy, and ensures that financial documentation is properly managed and reported to board members. These factors contribute to its robust financial health and operational effectiveness.
However, there are notable limitations, particularly regarding the absence of a whistleblower policy and a document retention and destruction policy, which may raise concerns about organizational oversight and risk management. The foundation also scored lower in the culture and community category, which may indicate areas for improvement in community engagement and equity strategies. Overall, while the foundation performs well in many areas, addressing these gaps could enhance its overall effectiveness and community trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Key Biscayne Community Foundation Inc?
100% of 13 reviewers on Facebook recommend the Key Biscayne Community Foundation Inc. Here is a summary of their reviews:
Many supporters praise the dedication and hard work of Melissa and the Foundation's Board and staff, highlighting their commitment to making significant, positive changes for both Key Biscayne and the broader South Florida community. The enthusiasm and appreciation for their efforts are evident, indicating a strong sense of trust and respect among community members.
Overall, the sentiment toward the Key Biscayne Community Foundation is overwhelmingly positive, with users feeling that the organization truly delivers on its mission and makes a meaningful difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Key Biscayne Community Foundation Inc legitimate?
Key Biscayne Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Key Biscayne Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $138,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,133
For more financial information, click here
Official website here: www.keybiscaynefoundation.org
What is the mission statement of Key Biscayne Community Foundation Inc?
The Key Biscayne Community Foundation's mission is to address community needs and bring about positive change. By closely monitoring local issues, opportunities, and resources, the foundation has a deep understanding of the challenges facing the community. Together with volunteers, they establish initiatives for change across various essential subjects that contribute to the well-being of every community member.
The organization raises funds through fundraising events and grants to benefit the community. Multiple grants were distributed during the year to support the community. Additionally, the foundation organizes events to educate community members about the services and benefits available to them.
Their mission is to enable, facilitate, and empower residents to make a positive difference in their local and wider communities. They accomplish this through programs, grant making, fiscal sponsorship, and community leadership. The Key Biscayne Community Foundation also offers grants to support charitable organizations, both on and off the island.
The foundation believes in being a community within a community, aiming to improve the quality of life for residents of Key Biscayne and greater Miami-Dade County. They partner with local organizations to facilitate change, build community support, and create long-term sustainability for families and communities in need. These goals are achieved through a collective impact approach and various forms of collaboration.
Official website here: www.keybiscaynefoundation.org
Who is the CEO of Key Biscayne Community Foundation Inc?
Gary Gross is the Director of Key Biscayne Community Foundation Inc.
Official website here: www.keybiscaynefoundation.org
What is the revenue of Key Biscayne Community Foundation Inc?
Key Biscayne Community Foundation Inc's revenue in 2022 was $5,609,875.
Official website here: www.keybiscaynefoundation.org
Who are the executives of Key Biscayne Community Foundation Inc and what are their salaries?
The average compensation at Key Biscayne Community Foundation Inc during 2022 was $34,171. There are 11 employees and 1000 volunteers at Key Biscayne Community Foundation Inc.
Here are 12 key members and their salaries:
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- Compensation: $138,750
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Official website here: www.keybiscaynefoundation.org
Where can I find the form 990 for Key Biscayne Community Foundation Inc?
Key Biscayne Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.keybiscaynefoundation.org
Learn more at the official website: www.keybiscaynefoundation.org
Mission Statement of Key Biscayne Community Foundation Inc
Key Biscayne Community Foundation Inc, a dedicated organization, strives to address community needs and bring about positive change. By closely monitoring local issues, opportunities, and resources, the foundation has an in-depth understanding of the challenges faced by the community. Their mission is multifaceted, encompassing the establishment of initiatives for change across various essential subject areas that contribute to the well-being of every community member.
The organization raises funds through various means, including fundraising events, and uses these funds to make grants that benefit the community. Their grants support both local and off-island charitable organizations, reflecting their belief in being a community within a community. The Key Biscayne Community Foundation aims to empower and facilitate residents to make a positive difference in their local and greater communities, achieving this through programs, grant making, fiscal sponsorship, and community leadership.
Partnerships with local organizations play a significant role in the foundation's activities. They facilitate change, build community support, and strive for long-term sustainability for families and communities in need. These goals are achieved through a collective impact approach and other forms of collaboration, with the ultimate aim of improving the quality of life for residents of Key Biscayne and greater Miami-Dade County.
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Impact
October, 2024
Key Biscayne Community Foundation Inc significantly impacts the local community by addressing pressing needs and driving positive change. Through meticulous monitoring of local issues and available resources, the Foundation possesses an in-depth understanding of the challenges facing residents and the organizations aimed at overcoming them.
By empowering residents to take an active role in facilitating change, the Foundation fosters a sense of community and collaboration. It actively engages volunteers and partners with local organizations to implement initiatives that enhance the quality of life for both Key Biscayne residents and those in the greater Miami-Dade County area.
The Foundation supports charitable organizations through grants, which not only aid in immediate relief efforts but also contribute to the long-term sustainability of families and communities in need. Fundraising events help to raise awareness and educate community members about available services, while also generating resources for impactful programs.
Overall, the Key Biscayne Community Foundation plays a crucial role in building community support and facilitating collective impact, ultimately improving the well-being of its residents and creating lasting positive effects within the community.
This information is meant to be a general summary of Key Biscayne Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $70,841
- Program Service Revenue: $1,232,424
- Gross Receipts: $5,659,875
Assets and Liabilities:
- Total Assets: $11,651,499
- Total Liabilities: $176,668
- Net Assets: $11,474,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,232,424
Organization Details
Founding Year
2004
Phone
(305) 361-2770Principal Officer
Gary Gross
Main Address
240 CRANDON BLVD 108, KEY BISCAYNE, FL, 33149
NTEE Category
Code: T31 - Philanthropy
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