2021-11-01T13:51:49-07:00 2020-12-31 990 2020-01-01 596150746 THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC COMM 9043564483 245 RIVERSIDE AVENUE JACKSONVILLE FL 32202 Grace M Sacerdote Executive Vice President/Treasurer 9043564483 2021-11-01 Grace Sacerdote XXX-XX-XXXX 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Nina Waters same as above Jacksonville FL 32202 224232347 false X jaxcf.org X 1988 FL Our mission is to stimulate philanthropy to build a better community through grantmaking that is fair and thoughtful,innovative service to the community through leadership and collaboration, and self governance that respects the intent of the donor and puts community first. 14 14 22 24 -308414 0 76879311 59459619 36800 82000 25443104 12945119 1552182 919495 103911397 73406233 53263577 48302463 0 2404304 2546186 0 506297 2542500 2886190 58210381 53734839 45701016 19671394 483431498 550322083 29631907 23518916 453799591 526803167 We serve the citizens of Northeast Florida through a range of charitable and civic activities while helping individuals achieve their philanthropic goals. false false 49700786 48302463 0 Building a better community: The Foundation awards grants through both competitive and non-competitive channels. The greatest number awarded are non-competitive advised, whereby grant investments are advised by donors. Other grants, those where prospective grantees submit proposals for review, are made to numerous organizations in Northeast Florida, with primary emphasis given to: supporting public education reform; nonprofit capacity building; strengthening neighborhoods; improving the quality of life for aging adults; the arts; women and girls; infants and young children; early literacy; diversity and inclusion. The Foundation also serves as a civic leader, using its local knowledge, networks, influence and creativity to bring people together in ways that will improve the community's quality of life today and in the future. 514595 0 82000 Stimulating philanthropy: The Foundation seeks to be a partner with those who have philanthropic resources, and to help them with strategies for investing in organizations and institutions that can build a better community. In making these connections, the Foundation both equips donors to follow their personal paths, and serves as a community leader, using aggregated philanthropic resources to open new pathways to success. 50215381 true true false true false true false false true true true true false false true true true false false false true false false false false false false true true true false false false false false false false false true false false false true true false false false true 41 22 true 22 true true true false false false false true true false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true false false FL X X X Grace M SacerdoteCPAEVPCFO 9043564483 245 Riverside Ave310 Jacksonville FL 32202 X George M Egan Trustee 1.00 X 0 0 0 Deborah Pass-Durham Trustee 1.00 X 0 0 0 The Honorable Brian J Davis Trustee 1.00 X 0 0 0 Martha Frye Baker Chair/Trustee/VP 2.00 X X 0 0 0 Michael DuBow Trustee 1.00 X 0 0 0 Solomon G Brotman Trustee 1.00 X 0 0 0 Dori Walton Trustee 1.00 X 0 0 0 Barbara Harrell Trustee 1.00 X 0 0 0 Julia Taylor Trustee 1.00 X 0 0 0 Richard Sisisky Trustee 1.00 X 0 0 0 Ryan A Schwartz Trustee 1.00 X 0 0 0 Robert Hill Jr Trustee 1.00 X 0 0 0 Michael Meyers Trustee 1.00 X 0 0 0 Buddy Schulz Trustee 1.00 X 0 0 0 Nina M Waters President 50.00 X 309021 0 42492 Grace M Sacerdote EVP&CFO/Treasurer 50.00 X 195978 0 32213 John Zell VP/Secretary 45.00 X 119441 0 22874 Joanne Cohen VP/Assistant Secretary 45.00 X 115429 0 29691 739869 0 127270 6 false true false Crewcial Partners LLC 810 7th Avenue 32nd Floor New York NY 10019 Investment Consulting 259225 Stifel Nicolaus Company 600 East 96th Street Suite 575 Indianapolis IN 46240 Investment Consulting 137009 2 67673 59391946 24853967 59459619 Consulting-Accounting 541200 82000 36000 0 82000 7430383 0 7430383 16157211 140183639 16181904 134644210 -24693 5539429 5514736 0 0 5514736 K-1 Partnerships Passthru 900099 -344414 0 -344414 0 Change in split-interest agreements 900099 1263664 1263664 0 0 Other income 900099 245 245 0 0 919495 73406233 1309909 -308414 12945119 48140723 48140723 161740 161740 0 0 867140 258040 281599 327501 1271360 731241 468889 71230 146967 76347 57746 12874 118390 56502 58602 3286 142329 69000 50878 22451 18458 0 18458 0 53728 0 53728 0 1604654 0 1604654 0 118036 47574 65970 4492 75262 42590 22548 10124 76117 49476 15223 11418 297280 68648 208311 20321 13217 8591 2643 1983 21275 15327 3399 2549 28650 5916 21020 1714 12851 830 11781 240 Reports to community/marketing 39441 19721 9860 9860 Program expenses 436008 436008 0 0 Dues and registrations 40661 26430 8132 6099 Foreign taxes 33899 0 33899 0 16653 677 15821 155 53734839 50215381 3013161 506297 34983875 50124408 507336 356846 96737 73018 1158381 604127 540444 554254 359494256 404184639 76003087 84098114 11805763 10930804 483431498 550322083 94130 181657 14918744 6845755 232318 207274 13692400 15620295 694315 663935 29631907 23518916 X 446826595 518802112 6972996 8001055 453799591 526803167 483431498 550322083 X 19671394 55260077 -1927895 X false true X true false X 0 42210216 41446665 37664156 47028604 59459619 227809260 0 0 0 0 0 0 0 0 0 0 42210216 41446665 37664156 47028604 59459619 227809260 57084551 170724709 4577070 6341542 6853045 8537480 7085969 33395106 0 0 0 0 0 0 0 261204366 0 0.65360 0.65560 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7500 7500 53727339 53734839 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6300 7500 7500 7500 28800 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 295 96 43372417 3079524 35005764 2389491 355912892 65614105 true true false true 346081850 58663297 16599331 11671241 2114678 407558559 248808375 54573961 53840313 9227576 1913223 346081850 246028697 29768610 -18699186 6643958 1645788 248808375 214278670 5364378 34397652 6488076 1523927 246028697 178931756 28672935 13983339 5872092 1437268 214278670 1.00000 false false 470512 470512 24617 21021 3596 422810 380305 42505 240442 202801 37641 554254 Private equity funds 21308968 F Absolute return funds 29418764 F Real assets partnerships 9474451 F Investment in closely-held company 8287429 F Debt securities 15608502 F 84098114 Gift annuity liability 663935 663935 124723842 55260077 -2303915 52956162 71767680 1638553 1638553 73406233 51720266 -376020 -376020 52096286 1638553 1638553 53734839 Pt IV, Line 2b Not-for-profit organizations establish permanent endowments with The Community Foundation, with the expectation that these organizations will receive a perpetual stream of income in support of their mission. The Community Foundation has legal ownership of these assets, and records a liability for the present value of the future grantmaking stream to these organizations. Pt XI, Line 2d Endowed assets include all contributions received by the Foundation, for which the donor(s) intend the assets will generate grantmaking dollars in perpetuity. The Board of Trustees intends to spend from these assets only an amount allowable under its spending policy, established and approved annually by the Board of Trustees at a level consistent with the donor's intention for assets to remain in perpetuity. Individual agreements with donors reflect the types of funds to be created and the purpose(s) for which the contributions are intended. The Board of Trustees maintains ultimate authority and control over these fund assets pursuant to its fund agreements, corporate documents, and variance power; accordingly,all endowed funds are defined as Board-designated endowments. Pt XI, Line 4b Investment expenses were net against revenue in audited financial statements($1,638,553). Pt XI, Line 2d Book / Tax Revenue Adjustments: activity within agency endowment component funds included in tax return, not included in audited financial statements pursuant to FASB ASC ($2,303,915). Pt XII, Line 2d Book / Tax Expense Adjustments: activity within agency endowment component funds included in tax return, not included in audited finanial statements pursuant to FAS ASC ($376,020). true Central America 0 0 investments 54926123 Europe 0 0 investments 8442313 0 0 0 0 63368436 63368436 true false true true true false Pt I Line 2 The Foundation did not make foreign grants in year 2020. The Foundation has procedures for exercising its expenditure responsibility if there are any foreign grants made: conduct a pre-grant inquiry; enter into a written grant contract; require grantee maintain separate accounting for the grant; and require and receive a closing report from the grantee. true Detailed schedule at very last pages of filing FL 00000 000000000 various 46997290 0 n/a n/a various 476 0 Individual artist grants 19 78000 0 FMV n/a Scholarships 31 80670 0 FMV n/a Medical expense assistance 2 3070 0 FMV n/a Pt I Line 2 The Foundation administers due diligence and review processes to determine the eligibility and capacity of agencies and organizations that apply for competitive and non-competitive grant funding. Due diligence and review processes include site visits, confirmation of nonprofit status, review of the financial standing of the organization, and review of the grant application. Per terms of the competitive and/or negotiated grant application process, and the terms of the grant contracts, the Foundation requires program design, interim, and closing reporting by agencies that receive grants. Program design includes objectives, timelines and measures for evaluation and success. Discussion includes status of program design matrix, potential need for changes, and shared learning among agencies. true X X X X false false false false false false false false false Nina M Waters 303274 0 0 0 5747 0 31308 0 11184 0 351513 0 0 0 Grace M Sacerdote 195555 0 0 0 423 0 20859 0 11354 0 228191 0 0 0 X 592 19344843 X 3 4558219 X Estate Receivable 1 875905 X Notes Receivable 1 75000 0 false true false Pt I col(b) The Foundation reported in Part I, column (b), the number of contributions received. Pt XI Other Changes in net assets or fund balances: book/tax adjustments - activity within agency endowment component funds is not included in audited financial statements pursuant to FASB ASC; included in tax return ($1,927,895). Pt VI, Line 11b Form 990/990-T are prepared internally by staff and reviewed by the EVP/CFO (a CPA). The Board of Trustees has delegated to the Audit Committee the responsibility to review the Forms 990/990-T with staff and approve filing with the IRS. Following the president and Audit Committee's review and approval of the Form 990, the Audit Committee chair submits the Form 990 to the Board of Trustees for their perusal. Form 990 is filed in a timely manner following submission to the Board of Trustees. Pt VI, Line 12c The Foundation's conflict of interest policy applies to staff, Trustees, Committee members, and all other volunteers of The Community Foundation. Determination of whether a conflict exists is made at the Trustee level. The policy defines business conflicts, conflicts that could arise with grantees, and expressly prohibits staff from serving as an officer or trustee of an applicant for a grant. In all cases, the respective party must abstain from voting on an action defined as a possible conflict. Anyone who is not voting must abstain from deliberations, but may briefly state his/her position and answer questions as deemed helpful to the entire Board or Committee. Staff is required to notify the president of any involvement in an organization that may cause a conflict; all individuals are required to disclose a possible conflict at the meeting at which the action (grant or business dealing) is discussed. The Conflict of Interest policy is distributed to Trustees, Committee members, and staff annually. Each must attest to their understanding and agree to be governed by and to abide by all of the principles and policies set forth therein. Board and Committee members are specifically asked to provide a list of potential grantees with whom they have a governing or leadership role and they are required to refrain from voting on proposed grants to such organizations. Pt VI, Line 15a President's performance and compensation is and has been reviewed annually by the Board of Trustees. Board members individually submit written evaluations of president's performance and delineate areas for professional development to Board chair; Board chair conducts executive session of Board at which Board survey results, president's self-evaluation, and regional and national salary studies, such as those compiled by COF and SECF, are considered. Decisions are documented contemporaneously. Pt VI, Line 15b The president is and has been conducting performance and compensation review of all officers and senior staff; the Finance Committee reviews compensation decisions and must approve the budget annually. The performance review process includes self-evaluation, president's evaluation, and goal setting. Compensation is determined using regional and national salary studies. The Audit Committee further evaluates finance staff competencies as part of their responsibilities. Pt VI, Line 19 Governing documents, Conflict of Interest Policy, and audited financial statements are posted to Foundation's website and are also available upon request. Pt VI, Line 2 All business relationships between trustees were in the ordinary course of business and at the same terms offered to the general public. Other Part I, Line 6: Members of the giving circle initiatives of The Community Foundation, volunteer their time in areas of strategic grantmaking and stimulating philanthropy in Northeast Florida. The Community Foundation for NE Florida RE LLC 245 Riverside Avenue Suite 310 Jacksonville FL 32202 810713522 Real Estate Investment FL 100 The Comm Fnd for NE Fl Inc Baldwin Bay Properties LLC 245 Riverside Avenue Suite 310 Jacksonville FL 32202 Real Estate Investment FL 470512 The Comm Fndt for NE Fl Inc Charitable Lead Trusts(2) 245 Riverside Avenue 310 Jacksonville FL 32202 Lead Trusts FL T 0.00000 false Charitable Remainder Trusts(3) 245 Riverside Avenue 310 Jacksonville FL 32202 Remainder Trusts FL T 0.00000 false false false false false false false false false false false false false false false false false false false false