CHARLOTTE COMMUNITY FOUNDATION INC

EIN: 650455319 501(c)(3) Philanthropy & Grantmaking

PUNTA GORDA, FL

Total Revenue
$8,571,867
Total Expenses
$3,516,005
Total Assets
$23,581,420
Net Assets
$21,833,263
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
SHELLEY STRICKLAND PHD
Phone
9416370077
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE COMMUNITY FOUNDATION INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 59% operating margin.

Mission

AS THE COMMUNITY FOUNDATION DEDICATED TO CHARLOTTE COUNTY, FL, THE CHARLOTTE COMMUNITY FOUNDATION (CCF) ACTS AS A CENTER OF PHILANTHROPY BY PROVIDING PHILANTHROPIC EDUCATION, IMPACTFUL GRANTS, NONPROFIT TRAINING, AND COMMUNITY LEADERSHIP. CCF PROVIDES PERMANENT COMMUNITY CAPITAL TO SUPPORT (1) LOCAL NONPROFITS THROUGH COMPETITIVE AND DIRECTED GRANTMAKING; (2) TRADITIONAL-AGE AND ADULT LEARNERS WITH SCHOLARSHIPS FOR POST-SECONDARY TRAINING AT ALL LEVELS; AND (3) RESPONSIVE FUNDING TO ADDRESS PRESSING COMMUNITY NEEDS AND TO ENHANCE THE VIBRANCY OF THE COMMUNITY.

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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 $8,088,415
Program Service Revenue $0
Investment Income $462,039
Other Revenue $21,413
TOTAL REVENUE $8,571,867

Expense Breakdown

Grants Paid $2,467,912
Salaries & Benefits $446,786
Fundraising Expenses $66,436
Program Expenses $2,981,548
Other Expenses $601,307
TOTAL EXPENSES $3,516,005

Year-over-Year Comparison

2023 2022 Change
Revenue $8,571,867 $3,115,795 +1.8%
Expenses $3,516,005 $3,243,025 +0.1%
Net Income $5,055,862 $-127,230 -40.7%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
9
Volunteers
39

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
8
$220,920
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA AMENDOLA DIRECTOR 2.00
Director
$0 $0 $0
ROGER EATON DIRECTOR 2.00
Director
$0 $0 $0
REPPARD GORDON DIRECTOR 2.00
Director
$0 $0 $0
LUCIENNE PEARS DIRECTOR 2.00
Director
$0 $0 $0
LEW BENNETT IMM. PAST CHAIR 2.00
Director
$0 $0 $0
KIM SAVASUK CHAIR 5.00
Officer Director
$0 $0 $0
JILL MCRORY TREASURER 5.00
Officer Director
$0 $0 $0
ROBERT PETERSON SECRTRY JAN-MAR; VP/SECRTRY SEPT-DEC 5.00
Officer Director
$0 $0 $0
CRAIG EASTERLY SECRETARY APRIL-JUNE 5.00
Officer Director
$0 $0 $0
SARAH DESROSIERS SECRETARY JULY-AUG; DIRECTOR 5.00
Officer Director
$0 $0 $0
JUSTIN BRAND CDO/INTERIM CO-EXEC. DIR. 40.00
Officer
$56,417 $7,729 $64,146
ASHLEY MAHER EXECUTIVE DIRECTOR THRU JUNE 30 40.00
Officer
$53,676 $6,196 $59,872
SUZANNE HERRON CFO/INTERIM CO-EXEC. DIR. 40.00
Officer
$90,180 $6,722 $96,902
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 $8,571,867 $3,516,005 $23,581,420 $5,055,862
2022 $3,115,795 $3,243,025 $16,734,505 $-127,230
2021 $1,594,665 $1,301,711 $19,872,971 $292,954
2020 $6,382,722 $1,657,947 $18,724,119 $4,724,775
2019 $1,369,287 $1,323,394 $12,911,085 $45,893
2018 $1,149,501 $1,637,841 $11,770,210 $-488,340
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