To inspire and support powerful, rewarding philanthropy to make Brevard county a stronger, more vibrant Community for all.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 66 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $5.6M a year · 63% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$201K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $51.3M in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.9M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
+186% vs prior year
Spent
$4.1M
To programs
97%
Net assets
$47.9M
By yearFY2020–FY2024
Revenue
$13.2M
FY2024▲ +186%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$9.2M
FY2022$13.2M
FY2023$4.6M
FY2024$13.2M
Expenses
$4.1M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$5.1M
FY2023$3.7M
FY2024$4.1M
Net assets
$47.9M
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.8M
FY2021$29.6M
FY2022$32.7M
FY2023$36.9M
FY2024$47.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1981.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.9M Management & general 3% · $129K

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

18 people listed on the 990; $201K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Ce
$201,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Theresa Grimison’s $201K as President/Ce is at the 34th 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
Theresa Grimison$201,250$178,250$165,000$135,545$117,045

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 Community Foundation for Brevard 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

Connects local donors with impactful charitable causes in Brevard County through personalized strategic giving plans, educational workshops, and community-building events.

Questions for Community Foundation for Brevard INC

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Provided by the organization

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2 programs · $3.9M · in their own filed words · FY2024
01

Grantmaking

Community foundation for brevard administers more than 150 individual, family, and corporate funds, and manages multiple competitive and non-competitive grant programs. Built on elements of a thriving community and guided by donor intent, the grants support community needs and issues like arts and culture, basic human needs, education…

$3.6Mprogram expense
02

Engaged Philanthropy

As part of our personalized services to donors, we work closely with every donor to consult on their unique philanthropic needs and goals. Our professional staff provides individualized support in creating strategic giving plans, connecting donors with organizations and trends that may interest them, and engaging family members and other…

$316Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 329 grants · $11.9M · 2020–2024
See all 329 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$11.3M
Investment incomeLn 3$1.9M
Fees for servicesLn 2g$28K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.9M
Managementcol C$129K
Owns and owesPt X
$47.9M
net assets · Ln 32
Cash and savingsLn 1–2$492K
Total assetsLn 16$51.8M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.3M
Noncash giftsLn 1g$2.1M
Fees for servicesLn 2g$28K
Investment incomeLn 3$1.9M
Other incomeLn 4–11$370
Gains on assetsLn 7$602K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$492K
Cash and savings togetherLn 1–2$492K
InvestmentsLn 11–13$51.3M
Other assetsLn 15$2K
Total assetsLn 16$51.8M
LiabilitiesLn 26$3.9M
Net assetsLn 32$47.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 666
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$387K$492K
InvestmentsLn 11–13$39.1M$51.3M
Total assetsLn 16$39.7M$51.8M
LiabilitiesLn 26$2.8M$3.9M
Net assetsLn 32$36.9M$47.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.1M$3.1M
Grants to domestic individualsLn 2$83K$83K
Pay of current officers, directors and key staffLn 5$201K$171K$30K
Other salaries and wagesLn 7$257K$219K$39K
Pension plan contributionsLn 8$20K$17K$3K
Other employee benefitsLn 9$9K$8K$1K
Payroll taxesLn 10$33K$28K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$176K$176K
Office expensesLn 13$4K$3K$1K
Information technologyLn 14$42K$30K$13K
OccupancyLn 16$25K$18K$8K
Conferences, conventions and meetingsLn 19$11K$8K$3K
Depreciation, depletion and amortizationLn 22$723$217$506
InsuranceLn 23$6K$4K$2K
Other expenses (24a–d)Ln 24$33K$30K$3K
All other expensesLn 24e$728$728
Total functional expensesLn 25$4.1M$3.9M$129K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $13.2M$4.1M$9.1M$47.9M 990 PDF
FY2023 $4.6M$3.7M$894K$36.9M 990 PDF
FY2022 $13.2M$5.1M$8.1M$32.7M 990 PDF
FY2021 $9.2M$1.5M$7.8M$29.6M 990 PDF
FY2020 $3.7M$1.8M$1.9M$20.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $13,213,253 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,377,150$11,305,571
I-9 Program service revenuePrior year $23,526$28,389
I-10 Investment incomePrior year $1,211,294$1,878,923
I-11 Other revenuePrior year $19$370
I-12 Total revenuePrior year $4,611,989$13,213,253
I-13 Grants and similar amounts paidPrior year $2,967,731$3,229,390
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $464,449$520,419
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $285,645$318,963
I-18 Total expensesPrior year $3,717,825$4,068,772
I-19 Revenue less expensesPrior year $894,164$9,144,481
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,213,253 across 8 lines filed
VIII-1f All other contributions, gifts and grants$11,305,571
VIII-1g Noncash contributions (included above)$2,124,164
VIII-1h Total contributions, gifts and grants$11,305,571
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,389$28,389
VIII-3 Investment incomeExcluded from tax $1,277,069$1,277,069
VIII-7 Net gain or loss on sales of assetsExcluded from tax $601,854$601,854
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $370$370
VIII-12 Total revenueRelated to mission $28,389 · Excluded from tax $1,879,293$13,213,253
Part IX · Statement of functional expenses $4,068,772 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $3,146,401$3,146,401
IX-2 Grants to domestic individualsPrograms $82,989$82,989
IX-5 Pay of current officers, directors and key staffPrograms $171,064 · Management $30,188$201,252
IX-7 Other salaries and wagesPrograms $218,664 · Management $38,588$257,252
IX-8 Pension plan contributionsPrograms $16,677 · Management $2,943$19,620
IX-9 Other employee benefitsPrograms $7,822 · Management $1,380$9,202
IX-10 Payroll taxesPrograms $28,129 · Management $4,964$33,093
IX-11b Legal feesManagement $2,417$2,417
IX-11c Accounting feesManagement $17,519$17,519
IX-11f Investment management feesPrograms $175,743$175,743
IX-13 Office expensesPrograms $2,663 · Management $1,141$3,804
IX-14 Information technologyPrograms $29,716 · Management $12,735$42,451
IX-16 OccupancyPrograms $17,616 · Management $7,550$25,166
IX-19 Conferences, conventions and meetingsPrograms $8,032 · Management $3,442$11,474
IX-22 Depreciation, depletion and amortizationPrograms $217 · Management $506$723
IX-23 InsurancePrograms $3,910 · Management $1,677$5,587
IX-24 Other expenses (24a–d)Programs $30,441 · Management $2,910$33,351
IX-24e All other expensesManagement $728$728
IX-25 Total functional expensesPrograms $3,940,084 · Management $128,688 · Fundraising $0$4,068,772
Part X · Balance sheet $51,808,614 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $386,730$491,958
X-11 Publicly traded securitiesStart of year $39,111,605$51,315,056
X-15 Other assetsStart of year $1,600$1,600
X-16 Total assetsStart of year $39,653,584$51,808,614
X-17 Accounts payable and accrued expenses$116,896
X-25 Other liabilitiesStart of year $26,892$199,407
X-26 Total liabilitiesStart of year $2,753,054$3,872,303
X-27 Net assets without donor restrictionsStart of year $36,870,884$47,906,439
X-28 Net assets with donor restrictionsStart of year $29,646$29,872
X-32 Total net assets or fund balancesStart of year $36,900,530$47,936,311
X-33 Total liabilities and net assetsStart of year $39,653,584$51,808,614
Part XI · Reconciliation of net assets $47,936,311 net assets at year end
XI-1 Total revenue$13,213,253
XI-2 Total expenses$4,068,772
XI-3 Revenue less expenses$9,144,481
XI-4 Net assets at start of year$36,900,530
XI-5 Net unrealized gains (losses) on investments$1,891,300
XI-10 Net assets at end of year$47,936,311

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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