CORAL GABLES COMMUNITY FOUNDATION INC

EIN: 650208290 501(c)(3) Philanthropy & Grantmaking

CORAL GABLES, FL

Total Revenue
$6,707,795
Total Expenses
$4,404,797
Total Assets
$11,792,121
Net Assets
$11,317,728
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
Principal Officer
MARY SNOW
Phone
3054459670
Tax Period
2023-01-01 to 2023-12-31

CORAL GABLES COMMUNITY FOUNDATION INC, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 34% operating margin.

Mission

TO FOSTER PROGRAMS TO ENCOURAGE CULTURAL, EDUCATIONAL, HISTORIC, SOCIAL AND HEALTH CHARITABLE PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,419,026
Program Service Revenue $0
Investment Income $27,833
Other Revenue $260,936
TOTAL REVENUE $6,707,795

Expense Breakdown

Grants Paid $3,563,126
Salaries & Benefits $613,200
Fundraising Expenses $0
Program Expenses $3,563,126
Other Expenses $228,471
TOTAL EXPENSES $4,404,797

Year-over-Year Comparison

2023 2022 Change
Revenue $6,707,795 $2,958,894 +1.3%
Expenses $4,404,797 $1,697,113 +1.6%
Net Income $2,302,998 $1,261,781 +0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
9
Volunteers
68

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
1
$173,462
Total Directors
24
$173,462
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID OLAZABAL CO-CHAIR COMMUNITY GIVING 2.50
Director
$0 $0 $0
JACK LOWELL BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
AURA REINHARDT SECRETARY 2.50
Director
$0 $0 $0
LAURA RUSSO ESQ IMMEDIATE PAST CHAIR 2.50
Director
$0 $0 $0
SCOTT J RICHEY BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
MICHAEL MCCARTHY CO-CHAIR COMMUNITY GIVING 2.50
Director
$0 $0 $0
DEDE AUSTIN BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
SISSY DEMARIA-KOEHNE BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
MARY A SNOW EXECUTIVE DIRECTOR 40.00
Officer Director
$173,462 $0 $173,462
MICHAEL WALSH CHAIR ELECT 2.50
Director
$0 $0 $0
VIVIAN DE LAS CUEVAS BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
SADIA RAJA PHD BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
JOHN HARRIS BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
LIZ PARNES BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
MATTHEW T MEEHAN CHAIR SCHOLARSHIP COMMITTE 2.50
Director
$0 $0 $0
VENNY TORRE CHAIR 2.50
Director
$0 $0 $0
KAISER AHMED TREASURER 2.50
Director
$0 $0 $0
WILLIAM A BONN ESQ BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
CHRIS W ERICKSON BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
ERIC P GROS-DUBOIS ESQ BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
ADRIANA VERDEJA BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
PETER ZUBIZARRETA BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
ASHLEY CUSACK BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
MARIA FERNANDA MEJIA BOARD OF DIRECTOR 2.50
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $6,707,795 $4,404,797 $11,792,121 $2,302,998
2022 $2,958,894 $1,697,113 $8,386,910 $1,261,781
2021 $6,260,777 $4,688,191 $8,046,116 $1,572,586
2020 $2,729,556 $1,274,650 $5,937,307 $1,454,906
2019 $1,403,182 $1,072,801 $4,298,755 $330,381
2018 $1,553,158 $1,074,787 $3,538,771 $478,371
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