Key Biscayne Community Foundation INC FY2023 filing

Tax-deductible

Key Biscayne, FL501(c)(3)Since 2004Foundations & GrantmakersEIN 30-0239421Revenue $3.9M in FY2023

On file with the IRSkeybiscaynefoundation.org240 Crandon Blvd Ste 108, 33149-1543 · Key Biscayne, FLTax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The Key Biscayne Community Foundation addresses Community needs and efects positive change. By closely monitoring local issues, opportunities and resources, kbcf has an in-depth understanding of the region challenges, and the organizations addressing them. Together with our volunteers, we work to establish initiatives for change across subject areas essential to the well-being of every Community member.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.0M a year · 32% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$419K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
-31% vs prior year
Spent
$4.2M
To programs
88%
Net assets
$12.2M
By yearFY2020–FY2024
Revenue
$3.9M
FY2023▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9M
FY2021$4.6M
FY2022$5.6M
FY2023$3.9M
FY2024$11.9M
Expenses
$4.2M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$3.6M
FY2022$4.1M
FY2023$4.2M
FY2024$5.2M
Net assets
$12.2M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.7M
FY2021$11.5M
FY2022$11.5M
FY2023$12.2M
FY2024$20.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.7M Management & general 9% · $355K Fundraising 3% · $131K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
$140,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Melissa McCaughan White’s $180K as Executive Di is at the 25th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melissa McCaughan White$179,792$140,000$138,750$130,000$122,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Key Biscayne Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves community well-being by addressing local needs and creating positive change.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2023
01

Our mission is to enable, facilitate, and empower residents to make a positive D1TTERENCE in the local and greater communities through programs, grant making, fiscal sponsorship, and community leadership. The key biscayne community foundation also offers grants to support charitable organizations on and off the island.

$3.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$18K
Grants paid · 154 grants · $5.4M · 2020–2024
Unitemized GrantFY2024$496,456
United Way Miami INCFL · FY2024$242,500
Branches INCFL · FY2024$100,000
The Miami Foundation INCFL · FY2024$65,000
University of MiamiFL · FY2024$50,000
Breakthrough Miami INCFL · FY2024$50,000
Big Dog Ranch Rescue INCFL · FY2024$35,000
Camillus House INCFL · FY2024$27,000
South Florida Youth FoundationCA · FY2024$25,000
PetaVA · FY2024$25,000
Kipp Miami INCNJ · FY2024$20,000
See all 154 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$986K
Investment incomeLn 3$354K
Money outPt IX
$4.2M
Ln 25
Programscol B$3.7M
Managementcol C$355K
Fundraisingcol D$131K
Owns and owesPt X
$12.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$12.7M
LiabilitiesLn 26$419K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$986K
Investment incomeLn 3$354K
Other incomeLn 4–11$61K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$10.6M
Other assetsLn 15$3K
Total assetsLn 16$12.7M
LiabilitiesLn 26$419K
Net assetsLn 32$12.2M
OperationsPt I, VI
EmployeesI 510
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.1M$1.9M
InvestmentsLn 11–13$9.3M$10.6M
Total assetsLn 16$11.7M$12.7M
LiabilitiesLn 26$177K$419K
Net assetsLn 32$11.5M$12.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$867K$867K
Grants to domestic individualsLn 2$333K$333K
Pay of current officers, directors and key staffLn 5$140K$70K$28K$42K
Other salaries and wagesLn 7$555K$327K$163K$65K
Other employee benefitsLn 9$15K$7K$3K$4K
Payroll taxesLn 10$45K$22K$9K$13K
Legal feesLn 11b$2K$1K$1K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$53K$26K$22K$6K
Office expensesLn 13$25K$25K
Information technologyLn 14$8K$8K
OccupancyLn 16$24K$24K
InsuranceLn 23$13K$3K$9K
Other expenses (24a–d)Ln 24$1.9M$1.9M$7K
All other expensesLn 24e$108K$108K
Total functional expensesLn 25$4.2M$3.7M$355K$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.9M$5.2M$6.8M$20.1M 990 PDF
FY2023 Viewing $3.9M$4.2M−$291K$12.2M 990 PDF
FY2022 $5.6M$4.1M$1.5M$11.5M 990 PDF
FY2021 $4.6M$3.6M$980K$11.5M 990 PDF
FY2020 $4.9M$4.1M$753K$9.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $3,867,267 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,232,114$2,466,061
I-9 Program service revenuePrior year $1,232,424$985,993
I-10 Investment incomePrior year $70,841$353,716
I-11 Other revenuePrior year $74,496$61,497
I-12 Total revenuePrior year $5,609,875$3,867,267
I-13 Grants and similar amounts paidPrior year $1,040,347$1,199,917
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $461,227$754,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,565,841$2,203,291
I-18 Total expensesPrior year $4,067,415$4,157,925
I-19 Revenue less expensesPrior year $1,542,460−$290,658
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,867,267 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,466,061
VIII-1h Total contributions, gifts and grants$2,466,061
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $985,993$985,993
VIII-3 Investment incomeRelated to mission $353,716$353,716
VIII-8 Net income from fundraising events$61,497
VIII-12 Total revenueRelated to mission $1,339,709$3,867,267
Part IX · Statement of functional expenses $4,157,925 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $866,712$866,712
IX-2 Grants to domestic individualsPrograms $333,205$333,205
IX-5 Pay of current officers, directors and key staffPrograms $70,000 · Management $28,000 · Fundraising $42,000$140,000
IX-7 Other salaries and wagesPrograms $326,540 · Management $163,270 · Fundraising $65,308$555,118
IX-9 Other employee benefitsPrograms $7,424 · Management $2,970 · Fundraising $4,455$14,849
IX-10 Payroll taxesPrograms $22,375 · Management $8,950 · Fundraising $13,425$44,750
IX-11b Legal feesPrograms $1,178 · Management $1,177$2,355
IX-11c Accounting feesManagement $20,260$20,260
IX-11g Other fees for servicesManagement $34,941$34,941
IX-12 Advertising and promotionPrograms $25,536 · Management $21,812 · Fundraising $5,852$53,200
IX-13 Office expensesManagement $25,197$25,197
IX-14 Information technologyManagement $7,606$7,606
IX-16 OccupancyManagement $24,000$24,000
IX-23 InsurancePrograms $3,154 · Management $9,459$12,613
IX-24 Other expenses (24a–d)Programs $1,907,718 · Management $7,214$1,914,932
IX-24e All other expensesPrograms $108,187$108,187
IX-25 Total functional expensesPrograms $3,672,029 · Management $354,856 · Fundraising $131,040$4,157,925
Part X · Balance sheet $12,662,396 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,113,270$1,917,468
X-3 Pledges and grants receivableStart of year $273,646$77,900
X-4 Accounts receivable$100,000
X-9 Prepaid expenses and deferred chargesStart of year $1,236$3,436
X-11 Publicly traded securitiesStart of year $9,260,347$10,560,592
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $11,651,499$12,662,396
X-17 Accounts payable and accrued expensesStart of year $26,668$268,911
X-25 Other liabilitiesStart of year $150,000$150,000
X-26 Total liabilitiesStart of year $176,668$418,911
X-27 Net assets without donor restrictionsStart of year $3,257,058$4,055,137
X-28 Net assets with donor restrictionsStart of year $8,217,773$8,188,348
X-32 Total net assets or fund balancesStart of year $11,474,831$12,243,485
X-33 Total liabilities and net assetsStart of year $11,651,499$12,662,396
Part XI · Reconciliation of net assets $12,243,485 net assets at year end
XI-1 Total revenue$3,867,267
XI-2 Total expenses$4,157,925
XI-3 Revenue less expenses−$290,658
XI-4 Net assets at start of year$11,474,831
XI-5 Net unrealized gains (losses) on investments$1,059,312
XI-10 Net assets at end of year$12,243,485

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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