INDIAN RIVER COMMUNITY FOUNDATION INC

EIN: 201729243 501(c)(3) Philanthropy & Grantmaking

VERO BEACH, FL

Total Revenue
$32,499,993
Total Expenses
$19,252,796
Total Assets
$114,616,874
Net Assets
$109,810,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
FL
Principal Officer
JEFFREY R PICKERING
Phone
7724921407
Tax Period
2024-07-01 to 2025-06-30

INDIAN RIVER COMMUNITY FOUNDATION INC, founded in 2004, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $32.5M in total revenue in fiscal year 2024. The organization ran a surplus of $13.2M, a strong 41% operating margin.

Mission

BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY.

Program Service Accomplishments

Program 1
Expenses: $18,044,021

INDIAN RIVER COMMUNITY FOUNDATION'S MISSION IS BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY. ONE WAY WE CARRY OUT OUR MISSION IS BY GROWING, STEWARDING AND DEPLOYING PHILANTHROPIC...

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INDIAN RIVER COMMUNITY FOUNDATION'S MISSION IS BUILDING A BETTER COMMUNITY THROUGH DONOR-DRIVEN PHILANTHROPY. ONE WAY WE CARRY OUT OUR MISSION IS BY GROWING, STEWARDING AND DEPLOYING PHILANTHROPIC CAPITAL TO MAKE OUR COMMUNITY BETTER. WE DO THIS TROUGH TWO MAIN PRODUCTS, DONOR ADVISED FUNDS AND ENDOWMENTS, WHICH OUR CLIENTS USE TO GIVE OR LEAVE A LEGACY TO THE CHARITABLE CAUSES THEY LOVE. ANOTHER WAY WE CARRY OUT OUR MISSION IS BY DEVELOPING AND SHARING COMMUNITY KNOWLEDGE ABOUT LOCAL NEEDS AND NONPROFIT CHARITABLE ORGANIZATIONS, PROGRAMS AND PROJECTS THAT MERIT PHILANTHROPIC INVESTMENT. WE DO THIS USING INNOVATIVE TOOLS SUCH AS OUR ONLINE NONPROFIT SEARCH, INDIAN RIVER INDICATORS AND PUBLICATIONS LIKE OUR ANNUAL GUIDE TO BETTER GIVING, WHICH ARE USED BY CLIENTS AND OTHERS TO MAKE MORE INFORMED GIVING DECISIONS.INDIAN RIVER COMMUNITY FOUNDATION IS GOVERNED AND MANAGED BY ENGAGED AND INVESTED LEADERS WHO BELIEVE THAT OUR ORGANIZATION AND THE GENEROUS PEOPLE WE SERVE CAN HELP BUILD A MORE HEALTHY, PROSPEROUS COMMUNITY. IN DOING SO, WE COMMIT OUR BEST EFFORTS TO DEMONSTRATE THE VALUES OF KNOWLEDGE AND CORE KNOW-HOW, SERVICE EXCELLENCE, AND BELONGING IN OUR WORK.TOGETHER WITH OUR CLIENTS, IN THE FISCAL YEAR ENDING JUNE 30, 2025, INDIAN RIVER COMMUNTY FOUNDATION AWARDED GRANTS TOTALING $16,668,053 FROM 219 CHARITABLE GIVING ACCOUNTS TO CHARITIES IN INDIAN RIVER COUNTY AND THROUGHOUT THE UNITED STATES. ON JUNE 30, 2025, A TOTAL OF 88 INDIVIDUALS WERE RECOGNIZED AS PART OF THE ALMA LEE LOY LEGACY SOCIETY FOR MAKING A PLANNED GIFT FROM THEIR ESTATE TO INDIAN RIVER COMMUNITY FOUNDATION. TOGETHER, WE ARE PART OF SOMETHING BETTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,364,398
Program Service Revenue $0
Investment Income $7,343,935
Other Revenue $791,660
TOTAL REVENUE $32,499,993

Expense Breakdown

Grants Paid $16,668,053
Salaries & Benefits $824,946
Fundraising Expenses $297,389
Program Expenses $18,044,021
Other Expenses $1,759,797
TOTAL EXPENSES $19,252,796

Year-over-Year Comparison

2024 2023 Change
Revenue $32,499,993 $32,324,111 +0.0%
Expenses $19,252,796 $21,547,550 -0.1%
Net Income $13,247,197 $10,776,561 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
7
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$272,040
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN B HEALY CHAIRMAN 4.00
Officer Director
$0 $0 $0
ANTHONY P GUETTLER VICE CHAIRMAN 4.00
Officer Director
$0 $0 $0
WILLIAM F SCHLITT TREASURER 4.00
Officer Director
$0 $0 $0
ANGELIA PERRY SECRETARY 4.00
Officer Director
$0 $0 $0
ALLEN JONES DIRECTOR 2.00
Director
$0 $0 $0
JOHN CORBETT DIRECTOR 2.00
Director
$0 $0 $0
ANTOINETTE W HAMNER DIRECTOR 2.00
Director
$0 $0 $0
CARLA E MEYER DIRECTOR 2.00
Director
$0 $0 $0
DAWN E MICHAEL DIRECTOR 2.00
Director
$0 $0 $0
FRAN G LASERSON DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL J SWAN DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA A BRIER DIRECTOR 2.00
Director
$0 $0 $0
RENNIE GIBB DIRECTOR 2.00
Director
$0 $0 $0
SUZANNE E BERTMAN DIRECTOR 2.00
Director
$0 $0 $0
WANDA W LINCOLN DIRECTOR 2.00
Director
$0 $0 $0
MARYBETH CUNNINGHAM DIRECTOR 2.00
Director
$0 $0 $0
JAKE FOJTIK DIRECTOR 2.00
Director
$0 $0 $0
ELLEN KENDALL DIRECTOR 2.00
Director
$0 $0 $0
KEN MINDT DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY R PICKERING CEO/PRESIDENT 50.00
Officer
$251,890 $20,150 $272,040
HEATHER O'SHEA VP OPERATIONS & INFORMATION 40.00
Highest
$120,000 $20,180 $140,180
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $32,499,993 $19,252,796 $114,616,874 $13,247,197
2024 $32,324,111 $21,547,550 $93,996,305 $10,776,561
2023 $13,546,324 $19,143,625 $78,436,639 $-5,597,301
2022 $17,472,868 $12,526,164 $78,791,488 $4,946,704
2021 $15,947,325 $13,027,103 $89,601,419 $2,920,222
2020 $11,686,198 $9,804,540 $71,889,983 $1,881,658
2019 $33,128,309 $11,258,588 $68,409,018 $21,869,721
2018 $18,249,388 $10,674,641 $45,566,148 $7,574,747
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