Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $107K paid to officers and key staff.
Kathleen Sipio’s $126K as Executive Director is at the 84th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kathleen Sipio | $126,077 | $107,396 | $100,583 | $100,182 | $93,563 | $19,073 |
| Gloria Niec | — | — | — | — | — | $85,695 |
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 Celebration Foundation INC executive salaries →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
Offers arts, culture, and education programs for all ages to build a better community.
Questions for Celebration Foundation INC
Your first name shows with your question. Celebration Foundation INC answers here, for everyone.
Celebration Lifelong
Generous volunteer instructors are the key to celebration lifelong, an extraordinary educational opportunity for adults of any age to live in celebration or its environs. Celebration lifelong members enjoy classes, lectures and CLUBS.CONCERT series:regarded as one of the best in central florida, the concert series was founded with the…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $2.3M | $2.0M | $1.7M | $2.0M | $1.6M |
| Given inLn 1b | $175K | $100K | |||
| SpentLn 1d–1f | $1K | $77K | $960 | $1K | $1K |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $189K | $148K |
| InvestmentsLn 11–13 | $2.0M | $2.2M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $2.3M | $2.5M |
| LiabilitiesLn 26 | $107K | $84K |
| Net assetsLn 32 | $2.2M | $2.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $156K | $156K | ||
| Pay of current officers, directors and key staffLn 5 | $115K | $87K | $21K | $7K |
| Other salaries and wagesLn 7 | $123K | $93K | $22K | $7K |
| Other employee benefitsLn 9 | $6K | $5K | $1K | $350 |
| Payroll taxesLn 10 | $19K | $14K | $3K | $1K |
| Accounting feesLn 11c | $19K | $2K | $17K | |
| Advertising and promotionLn 12 | $945 | $945 | ||
| Office expensesLn 13 | $16K | $8K | $8K | $319 |
| Information technologyLn 14 | $3K | $2K | $530 | |
| OccupancyLn 16 | $18K | $14K | $3K | $1K |
| Conferences, conventions and meetingsLn 19 | $6K | $6K | ||
| InsuranceLn 23 | $6K | $5K | $1K | |
| Other expenses (24a–d)Ln 24 | $87K | $82K | $2K | $3K |
| Total functional expensesLn 25 | $573K | $469K | $84K | $20K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Nov 14, 2025 | $736K | $678K | $58K | $2.6M | 990 PDF |
| FY2024 ViewingFiled with the IRS Jan 29, 2025 | $940K | $573K | $367K | $2.4M | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2023 | $481K | $411K | $70K | $2.2M | 990 PDF |
| FY2022Filed with the IRS Feb 15, 2023 | $584K | $459K | $124K | $1.9M | 990 PDF |
| FY2021Filed with the IRS Jun 30, 2022 | $734K | $490K | $244K | $2.4M | 990 PDF |
| FY2020Filed with the IRS Jul 23, 2021 | $764K | $497K | $267K | $1.9M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $940,045 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $940,045 across 8 lines filed
Part IX · Statement of functional expenses $572,675 across 13 lines filed
Part X · Balance sheet $2,479,127 assets, 16 lines filed
Part XI · Reconciliation of net assets $2,395,571 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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