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Financials and Accountability

Generous giving and prudent investing have grown your community foundation to $343 million, and provided for $410 million in total grants since our beginning. We understand and take seriously our responsibility to carefully manage and invest these assets to meet your philanthropic goals now and permanently into the future.

 

 
 

The financials summarized below have been audited. The complete audited financial statements and copies of the Foundation’s IRS Form 990, Return of Organization Exempt From Income Tax, are available below or through Guidestar. Form 990-T, Exempt Organization Business Income Tax Return, is also available upon request from the Foundation.

Summary Statements of Financial Position as of December 31, 2016 (preliminary) and 2015 (audited)

Assets
2016
2015
Cash and cash equivalents
$66,917,598
$64,692,318
Pooled investments
256,025,926
219,967,071
Other assets
20,293,226
 
27,991,737
Total Assets
$343,236,750
$312,651,126
Liabilities & Net Assets
Current liabilities
$19,582,101
$24,681,065
Funds held as agency endowments
9,869,793
8,740,668
Foundation net assets
313,784,856
279,229,393
Total Liabilities & Net Assets
$343,236,750
$312,651,126

Summary Statements of Activities for the years ended December 31, 2016 (preliminary) and 2015 (audited)

Revenue & Support
2016
2015
Gifts received
$61,153,908
$44,316,375
Net investment returns
18,181,904
(5,482,142)
Other
340,744
(266,715)
Total Revenue & Support
79,676,556
38,567,518
Grants & Expenses
Grants awarded and programs
42,414,490
36,761,474
Support services
2,698,707
2,515,378
Other
7,896
5,623
Total Grants & Expenses
45,121,093
39,282,475

Change in Net Assets
34,555,463
(714,957)
Net Assets, Beginning of Year
279,229,393
279,944,350
Net Assets, End of Year
$313,784,856
$279,229,393

Foundation Financial and Corporate Documents

All documents are PDFs.

Foundation Policies

All documents are PDFs, except last bullet.

Contact Information

245 Riverside Avenue, Suite 310
Jacksonville, FL 32202
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The Community Foundation for Northeast Florida

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