The Giving Partner

Last Updated: 8/23/2016 2:53:14 PM

Charlotte Community Foundation, Inc.

227 Sullivan Street

Punta Gorda FL 33950

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Summary
Background & Needs
Programs
Management & Planning
Governance
Financials

Mission

Connecting people who care with causes that matter.

Leadership

CEO/Executive Director Julia Steele

Board Chair Ron Olsen

Board Chair Affiliation Strang, Olsen & Lynch, CPA's, PA

General Info

Former Names


Charlotte County Foundation

Tax Exempt Status Public Supported Charity

Incorporation Year 1995

State Charitable Solicitations Permit Yes Apr 2016

State Registration Yes Jan 2016

Financial Summary

IRS Letter of Determination

Name
IRS Determination Letter	View

Impact Statement

Engage the community in giving through philanthropy.

Grow and protect the organization's funds through responsible administrative, fund development, and investment management.

Maintain a culture of responsible grant making.

Serve as a catalyst to improve the capacity and effectiveness of local nonprofit organizations.

Needs Statement

Endowments, Donor Advised, Designated, Scholarship Funds
Unrestricted Funds to support our competitive grant cycle to Charlotte County nonprofit organizations

Background Statement

The community foundation in Charlotte County is the Charlotte Community Foundation (CCF). A part of the community for more than 20 years, CCF is the only organization of its type focused exclusively on Charlotte County, Florida. CCF has its roots in the Adventist Hospital Foundation. When the hospital was sold and became the Charlotte Regional Medical Center in 1995, the Charlotte County Foundation was established as a separate 501(c)(3) not-for-profit corporation, focused specifically on health and education issues. In 2004, the Foundation changed its focus and became the Charlotte Community Foundation. With a new mission and a new name, and with the support and assistance of four Advisory Councils, the Board of the Charlotte Community Foundation, Inc., set a course that strives to encourage public and private philanthropy, enhance the capacity of Charlotte County's nonprofit organizations, and support projects that offer unique solutions to community needs, all with the intent of improving the quality of life for residents of Charlotte County. The Foundation has awarded over $2.5 million in grants to support nonprofit organizations and scholarships for students in Charlotte County, Florida. Leading Charlotte County through philanthropy, CCF values stewardships, itegrity and objectivity, collaboration, governance, and innovative and diverse leadership committed to advancing our community for good, for ever. Our objectives are to grow and preserve CCF's endowment to address changing community needs, enhance the visibility of the Foundation and its role in building legacies, establish a proactive culture in grant making, match donors with critical community needs, encourage professional development of nonprofits, and develop and support policies and procedures that ensure the implementation of CCF's Strategic Plan and continued improvement of the Foundation's governance structure, operations, and communications systems.

Areas Served

Area
In a specific U.S. city, cities, state(s) and/or region.
FL- Charlotte

Areas Served Comments

The Charlotte Community Foundation, Inc. awards grants to Charlotte County Florida nonprofits and nonprofits that serve Charlotte County Florida.

Service Categories

Primary Org Type Philanthropy,Voluntarism & Grantmaking Foundations

Secondary Org Type Community Improvement, Capacity Building

Tertiary Org Type Philanthropy,Voluntarism & Grantmaking Foundations

Statement from the Board Chair/Board President

The Charlotte Community Foundation is a facilitator of philanthropy, working with donors, financial advisors, and estate planning attorneys one-on-one to help our citizens achieve their philanthropic dreams. The Charlotte Community Foundation has been a valuable asset to our community for over 20 years.

Our goal, plain and simple, is to: enhance the quality of life in Charlotte County through philanthropy.

The last several years have continued to be challenging times economically for both for-profit and nonprofit communities. With government funding disappearing, even greater burdes and challenges fall to the private sector if we are to maintain a vibrant nonprofit community and fulfill our missions.

Under the direction of the Charlotte Community Foundation, our Nonprofit Network has strengthened our local nonprofit organizations by establishing the only extensive training program in Charlotte County designed to assist nonprofits develop more effective fundraising, marketing and strategic restructuring activities.

Community foundation in general, and the Charlotte Community Foundation specifically, are in business for the long haul. In fact, we are in the business of forever. The funds that are created by donors at the Charlotte Community Foundation can continue to make distributions in perpetuity. Our tag ines states: "For Good. For Ever." To accomplish that, we need a stable, permanent presence in the community to facilitate our mission.

As a result of the current real estate market, the Foundation boarsd was able to purchase a prime piece of downtown real estate at a significant discount to begin to create a permanent home for the Charlotte Community Foundation which will serve as a cornerstone for the community.

We invite you to learn more about the activities of the Charlotte Community Foundation, and to see our vision of the future. Your donation to the Charlotte Community Foundation will allow us to be your catalyst for change in your communit.

I invite you to contact me or Greg Bobonich, our CEO, to share the various opportunities that exist through the Foundation. Come grow with us, and see the difference that together we can make in our community.

Best regards,

Brian Presley

Chairman of the Charlotte Community Foundation Board

Statement from the CEO/Executive Director

Along with the CCF's Board of Directors, it is through the support and counsel of four Advisory Councils (Endowment, Grants, Leadership Development, and Marketing), that policies and procedures are in place for the Foundation. Along with new endowment and investment policies, the Foundation has developed a competitive grants program, established the "Nonprofit Network" to provide professional development seminars & workshops in Charlotte County for staff & board members of our local nonprofits, and has achieved recognition from the Council on Foundations for compliance with the National Standards for Community Foundations in the U.S.

The organization is ready to make the next giant leap to expand our endowment to over $15 million in five years. CCF will focus on its on-going goal of connecting individuals, families, businesses and organizations with the causes they care about, to create permanent charitable funds within the Foundation. It is through these endowed, permanent funds that CCF will help our community meet the challenges of the future.

Connie Kantor, Interim CEO

Programs

Grants

Grants

Description

Annual competitive grant cycle to Charlotte County Nonprofits for Programs or equipment to increase capacity to serve constituents. Donor advised and designated grants awarded annually as instructed by Fund agreements, to local, national, and international nonprofit organizations.

Budget $200,000

Category Philanthropy, Voluntarism & Grantmaking, General/Other Comprehensive Grantmaking

Program Linked to Organizational Strategy Yes

Population Served US& International General/Unspecified Other Named Groups

Short Term Success

Competitive grant recipients must complete their project with one year, show measurable results, recognize CCF for their contribution, and report back to the Foundation on their success.

Long Term Success Providing grants to local nonprofit organizations for special project to benefit the community through an annual competitive grant cycle, budget $60,000. Competitive grants are not awarded for operating funds, but rather to increase capacity of the organization. Donor advised and designated grants are provided in compliance with Fund agreements, 4% of endowed funds allowed to grant annually.

Program Success Monitoring

Recipients of competitive grants provide interim and final reports, measuring success of their projects, population served, and capacity of organization expanded. Recognition plaques at recipients site and media publicity including CCF as a sponsor are encouraged.

Program Success Examples

TEAM Punta Gorda $50,000 grant developed a City master plan following hurricane Charley's devastation in 2004.

St. Vincent DePaul, Good Samaritans, Charlotte HIV/AIDS People Support, Church of the Nazarene each benefited from refrigerator/freezer storage to increase capacity of their food pantry programs. The Virginia B. Andes Fund supported the purchase in 2012 of a permanent facility to house a free clinic for underinsured and uninsured residents in Charlotte County with a grant of $840,000. The Hugo and Wallie Spatz Fund was established a fund to provide ongoing support of the Military Heritage Museum of Florida, located in Charlotte County. In addition to the normal annual distribution from the fund, it also provides for matching funds to double the impact of contributions made by others to the museum. This fund has the capacity to be transformative to that organization.

Comments

Program Comments by Organization

Along with the CCF's Board of Directors, it is through the support and counsel of four Advisory Councils (Endowment, Grants, Leadership Development, and Marketing), that policies and procedures are now in place for the Foundation. Along with endowment and investment policies, the Foundation has developed a competitive grants program, established the Nonprofit Network to provide professional development seminars & resources in Charlotte County for staff & board members of our local nonprofits, and has achieved recognition from the Council on Foundations for compliance with the National Standards for Community Foundations in the U.S.

The organization is now ready to make the next giant leap to expand our endowment to over $15 million in five years. CCF will focus on its on-going goal of connecting individuals, families, businesses and organizations with the causes they care about, to create permanent charitable funds within the Foundation. It will be through these endowed, permanent funds that CCF will help our community meet the challenges of the future.

CEO/Executive Director

CEO/Executive Director Julia Steele

CEO Term Start Oct 2014

CEO/Executive Director Email jsteele@charlottecommunityfoundation.org

Former CEOs/Executive Directors

Name	Term
Gregory C. Bobonich	May 2008 - Oct 2013
Dr. Carolyn M. Freeland Phd.	Apr 2004 - June 2008

Senior Staff

Name	Title
Ms. Jan Stephens

Staff & Volunteer Statistics

Full Time Staff 1

Part Time Staff 0

Staff Retention Rate % 100

Professional Development Yes

Contractors 0

Volunteers 51

Management Reports to Board Yes

CEO/Executive Director Formal Evaluation Yes

Senior Management Formal Evaluation Yes

Non-Management Formal Evaluation Yes

Collaborations

N/A

Affiliations

Affiliation	Year
Association of Fundraising Professionals - Member	2009
Florida Philanthropic Network- Member	2009
Council on Foundations - Member	2007

External Assessments and Accreditations

Assessment/Accreditation	Year
Council on Foundations National Standards for U.S. Based Community Foundations	2007
Council on Foundations National Standards for U.S. Based Community Foundations	2013

Risk Management Provisions


General Property Coverage and Professional Liability

Government Licenses

Organization Licensed by the Government No

Plans

Fundraising Plan No

Communication Plan No

Strategic Plan No

Strategic Plan Years 5

Strategic Plan Adopted Apr 2008

Management Succession Plan Yes

Continuity of Operations Plan No

Policies

Nondiscrimination Policy Yes

Whistle Blower Policy Yes

Document Destruction Policy Yes

Directors and Officers Insurance Policy No

Policies and Procedures No

Other Document 2


Document Destruction/ Retention Policy

Board Chair

Board Chair Ron Olsen

Company Affiliation Strang, Olsen & Lynch, CPA's, PA

Board Term Apr 2014 to Apr 2016

Board Chair Email rolsen@sol-cpas.com

Board Members

Name	Affiliation
Larua Amendola	Raymond James
Lew Bennett	Landsberg Bennett Private Wealth Management
Mary A. Byrski Esq.	Principal, Byrski Estate and Elder Law
Jimmy Dean	Publisher, Harbor Style Magazine
Jill McCrory	McCrory Law Firm
Ron Olsen CPA	Partner, Strang, Olsen & Lynch, CPAs, PA
Julia Steele	Charlotte Community Foundation
Jane Washburn	Community Volunteer
Douglas L. Young CRPC	Senior Financial Advisor, Clear View Financial Services LLC

Constituency Includes Client Representation Yes

Board Ethnicity

African American/Black 0

Asian American/Pacific Islander 0

Caucasian 9

Hispanic/Latino 0

Native American/American Indian 0

Other 0 0

Board Gender

Male 4

Female 5

Unspecified 0

Governance

Board Term Lengths 3

Board Term Limits 3

Board Orientation Yes

Number of Full Board Meetings Annually 12

Board Meeting Attendance % 100

Board Self-Evaluation No

Written Board Selection Criteria Yes

Board Conflict of Interest Policy Yes

% of Board Making Monetary Contributions 80

% of Board Making In-Kind Contributions 60

Standing Committees


Finance
Audit
Board Governance
Marketing
Communications / Promotion / Publicity / Public Relations
Donor Services

Comments

Governance Comments by Organization

The Board contributes in various ways to the success of the Foundation. Some through financial support, others by referrals of clients and friends, others by in-kind support, and all though community awareness.

Fiscal Year Projections

Fiscal Year Start Month Jan

Fiscal Year Start Day 01

Fiscal Year Begins 2015

Fiscal Year End Month Dec

Fiscal Year End Day 31

Fiscal Year Ends 2015

Projected Revenue $75,900.00

Projected Expenses $343,345.00

Organization has Endowment No

Capital Campaign

Currently In a Capital Campaign No

Campaign Purpose

Campaign Goal

Campaign Dates 0 to 0

Amount Raised To Date 0 as of 0

IRS Form 990s


Form 990	2014
2013 990	2013
Form 990	2012
2011 Form 990	2011
Form 990	2010
Form 990	2009
Form 990	2008

Audit/Financial Documents


2013 Audit	2013
2011 Audit	2011
Audit	2010
Audit	2009
Audit	2008

Historical Financial Review

Revenue and Expenses

Fiscal Year	2014	2013	2012
Total Revenue	$789,685	$1,680,978	$466,819
Total Expenses	$702,849	$685,170	$1,611,395

Revenue Sources

Fiscal Year	2014	2013	2012
Foundation and Corporation Contributions	$0	$0	$0
Government Contributions	$0	$0	$0
Federal	$0	$0	$0
State	$0	$0	$0
Local	$0	$0	$0
Unspecified	$0	$0	$0
Individual Contributions	$318,686	$1,067,311	$166,363
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.	$0	$0	$0
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.	$0	$0	($139,599)
Investment Income, Net of Losses	$470,999	$613,667	$388,785
Membership Dues	$0	$0	$0
Special Events	$0	$0	$0
Revenue In-Kind	$17,190	$537,457	$35,420
Other	$0	$0	$51,270

Expense Allocation

Fiscal Year	2014	2013	2012
Program Expense	$619,278	$570,436	$1,501,331
Administration Expense	$68,876	$89,717	$86,048
Fundraising Expense	$14,695	$25,017	$24,016
Payments to Affiliates	$0	$0	$0
Total Revenue/Total Expenses	1.12	2.45	0.29
Program Expense/Total Expenses	88%	83%	93%
Fundraising Expense/Contributed Revenue	5%	2%	14%

Assets and Liabilities

Fiscal Year	2014	2013	2012
Total Assets	$6,599,244	$5,808,834	$4,833,742
Current Assets	$1,210,036	$3,368,423	$4,364,076
Long-Term Liabilities	$1,000,000	$0	$0
Current Liabilities	$13,734	$16,446	$15,427
Total Net Assets	$5,585,510	$5,792,388	$4,818,315

Top Funding Sources

Fiscal Year	2014	2013	2012
Top Funding Source & Dollar Amount	Investment Income $470,999	Contributions, gifts, grants $1,067,311	Investment Income $388,785
Second Highest Funding Source & Dollar Amount	Contributions, gifts, grants $318,686	Investment Income $613,667	Contributions, gifts, grants $166,363
Third Highest Funding Source & Dollar Amount	0 $0	0 $0	Fund Management Fees $51,022

CEO/Executive Director Compensation $50,001 - $75,000

Tax Credits No

Solvency

Short Term Solvency

Fiscal Year	2014	2013	2012
Current Ratio: Current Assets/Current Liabilities	88.11	204.82	282.89

Long Term Solvency

Fiscal Year	2014	2013	2012
Long-Term Liabilities/Total Assets	15%	0%	0%

Financials Comments

Financial Comments by Foundation Foundations and corporations are included with individual contributions as they are not separated in the 990 or audit. Financial figures taken from IRS Form 990. 990 and audit reconciled.

Nonprofit Charlotte Community Foundation, Inc.

Address 227 Sullivan Street

Punta Gorda, FL

Phone 941 637-0077

Email ccf@charlottecommunityfoundation.org

Website http://www.charlottecommunityfoundation.org

THE COMMUNITY FOUNDATION OF SARASOTA COUNTY, INC. IS A REGISTERED 501(C)(3) NON-PROFIT CORPORATION. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE WITHIN THE STATE (1-800-HELP-FLA) OR FROM THE WEBSITE: WWW.FRESHFROMFLORIDA.COM. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. ONE HUNDRED PERCENT (100%) OF EACH CONTRIBUTION IS RECEIVED BY THE COMMUNITY FOUNDATION OF SARASOTA COUNTY. REGISTRATION #SC-2471.