2024-09-27T11:10:56-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-04-01 596173174 FLORIDA KEYS EDUCATIONAL FOUNDATION INC FLOR 3058093299 5901 COLLEGE ROAD KEY WEST FL 33040 LANA GASPARI EXECUTIVE DIRECTOR 3058093299 2024-09-26 1 1 TINA HENTON P00630282 4078021200 2024-09-26 2023 2024-10-15 13:58:12Z CFK FOUNDATION LANA GASPARI 5901 COLLEGE ROAD KEY WEST FL 33040 2088439 0 X WWW.CFK.EDU X 1996 FL FINANCIAL AND OTHER SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS. 11 11 0 12 0 0 583913 1585540 0 0 206604 223861 -41043 37382 749474 1846783 888263 499314 0 0 0 0 0 0 22587 175583 182454 1063846 681768 -314372 1165015 6581784 8715752 15080 140194 6566704 8575558 TO PROVIDE FINANCIAL AND OTHER ESSENTIAL SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS (CFK). 0 0 592796 499314 FLORIDA KEYS EDUCATIONAL FOUNDATION ASSISTS IN THE ACHIEVEMENT OF THE CFK'S MISSION BY SOLICITING, ADMINISTERING, AND OPTIMIZING THROUGH MATCHING PROGRAMS THE PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO SUPPORT CFK'S STUDENTS AND TO ENHANCE TEACHING AND LEARNING AT THE CFK. 592796 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X HEATHER MARGIOTTA 3058093299 5901 COLLEGE ROAD KEY WEST FL 33040 JESSICA LOSARDO RECORDING SECRETARY 0.20 X X 0 0 0 RACHEL OROPEZA RECORDING SECRETARY 0.03 X X 0 0 0 BRUCE HALLE TREASURER 0.23 X X 0 0 0 ROBERT STOKY CHAIR 0.19 X X 0 0 0 LISA FERRINGO VICE CHAIR 0.13 X X 0 0 0 ALAN BEAUBIEN MEMBER 0.06 X 0 0 0 DALE CHASTEEN MEMBER 0.16 X 0 0 0 CARRIE GROOMES MEMBER 0.16 X 0 0 0 DEBRA LEONARD MEMBER 0.19 X 0 0 0 JOHN PARCE MEMBER 0.19 X 0 0 0 MIKE PUTO MEMBER 0.09 X 0 0 0 YVETTE TALBOTT MEMBER (THRU 10/23) 0.06 X 0 0 0 LANA GASPARI EXECUTIVE DIRECTOR (AS OF 3/23) 5.00 35.00 X 0 96966 18573 0 96966 18573 0 0 0 0 0 75243 1510297 63495 1585540 212147 212147 224303 212589 11714 11714 11714 63495 75243 29067 34428 34428 MISCELLANEOUS INCOME 900099 2954 2954 2954 1846783 0 0 261243 362557 362557 136757 136757 32764 32764 67409 67409 32101 32101 16435 16255 180 31159 8572 22587 866 866 HOSPITALITY EXPENSES 1118 1118 TAXES & FEES 413 413 BOARD EXPENSES 67 67 DUES & SUBSCRIPTIONS 61 61 61 61 681768 592796 66385 22587 235019 1162328 123714 174617 40000 100000 70969 27195 43774 43774 6138728 7235033 549 0 6581784 8715752 9130 8162 5950 132032 15080 140194 X 879022 1535238 5687682 7040320 6566704 8575558 6581784 8715752 1165015 843839 0 X 0 1 X 1 0 X 815138 1836089 720281 583913 1585540 5540961 815138 1836089 720281 583913 1585540 5540961 374690 5166271 184838 114571 237169 211543 212147 960268 76073 25118 54855 58401 66449 280896 6782125 0.76170 0.76840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2019 AMOUNT: $ 76,073. 2020 AMOUNT: $ 25,118. 2021 AMOUNT: $ 54,855. 2022 AMOUNT: $ 58,401. 2023 AMOUNT: $ 63,495. MISCELLANEOUS INCOME - 2023 AMOUNT: $ 2,954. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 50270 0 0 50270 0 PART II-B, LINE 1G IDENTIFICATION OF LEGISLATIVE PRIORITIES, FORMULATION OF STRATEGY, RESEARCH, PROVIDING TESTIMONY OR OTHER INFORMATION TO COMMITTEES OR OFFICIALS, COMMUNICATIONS WITH ELECTED OFFICIALS AND STAFF ON BEHALF OF THE CFK AND REPORTING ON THE STATUS OF WORK PENDING ISSUES TO THE CFK FOR FULL SERVICE LEGISLATIVE LOBBYING. 4887526 1220890 800228 67465 32060 6809119 5374517 2320 -299502 157846 31963 4887526 5089362 92933 331664 103800 35642 5374517 3593587 23990 1521366 26761 22820 5089362 4853004 92452 -557987 760164 33718 3593587 0.26323 0.00000 0.73677 0 0 43774 43774 27195 27195 0 43774 DUE TO RELATED PARTY 132032 132032 X 2687588 843839 843839 1843749 32101 -29067 3034 1846783 678734 29067 29067 649667 32101 32101 681768 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS PRIMARILY OF FUNDS ESTABLISHED BY DONORS AND THE BOARD OF DIRECTORS IN PRIOR YEARS THROUGH DONATIONS AND THE GROWTH OF THOSE FUNDS OVER THE YEARS. AS OF MARCH 31, 2024 AND 2023, THE FOUNDATION'S ENDOWMENT INCLUDED 36 AND 29, RESPECTIVELY, INDIVIDUAL FUNDS ESTABLISHED FOR THE PURPOSES OF SCHOLARSHIPS AND COLLEGE SUPPORT AND 2 FOR OPERATING SUPPORT IN 2024 AND 2023. THESE FUNDS INCLUDED DONOR-RESTRICTED AND BOARD-DESIGNATED QUASI ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CURRENTLY HAS NO UNRELATED BUSINESS TAXABLE INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -29,067. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 29,067. SOIREE 138738 75243 63495 5294 18591 5182 138738 75243 63495 5294 18591 5182 29067 34428 1 THE COLLEGE OF THE FLORIDA KEYS 5901 COLLEGE ROAD KEY WEST FL 33040 591209209 STATE OF FLORIDA 362557 0 N/A N/A PROGRAM SUPPORT 1 SCHOLARSHIPS 125 136757 N/A N/A PART I, LINE 2: COORDINATOR USES EXCEL SHEETS FOR TRACKING AND THE ACCOUNTANT USES ACCOUNTING SYSTEM FOR VERIFICATION OF TRANSACTIONS. SCHOLARSHIP AWARD PROCESS IS MAINTAINED IN SCHOLARSHIP SOFTWARE SYSTEM. ADDITIONAL EXCEL REPORTS ARE CROSS CHECKED AGAINST ACCOUNTING SYSTEM FOR VERIFICATION OF AWARDS DISBURSED. X AUCTION ITEMS 85 63495 DONOR REPORTED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE FOLLOWING DIRECTORS: 1) THE CHAIR OF THE FOUNDATION BOARD OF DIRECTORS; WHO SHALL BE CHAIR OF THE EXECUTIVE COMMITTEE 2) THE VICE CHAIR OF THE FOUNDATION BOARD OF DIRECTORS 3) THE SECRETARY OF THE FOUNDATION BOARD OF DIRECTORS 4) THE TREASURER OF THE FOUNDATION BOARD OF DIRECTORS 5) THE PRESIDENT'S DESIGNEE ON THE FOUNDATION BOARD OF DIRECTORS 6) THE CHAIRPERSON OF THE COLLEGE OF THE FLORIDA KEYS DISTRICT BOARD OF TRUSTEES OR HIS OR HER DESIGNEE. THE PRESENCE OF A MAJORITY OF MEMBERS SHALL CONSTITUTE A QUORUM OF THE COMMITTEE AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS PRESENT SHALL BE NECESSARY FOR APPROVAL OF ACTION. THE EXECUTIVE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIR AND MINUTES SHALL BE KEPT BY THE RECORDING SECRETARY. ALL ACTION TAKEN AT MEETINGS SHALL BE PRESENTED FOR RATIFICATION AT THE SUBSEQUENT MEETING OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN SAID BOARD IS NOT IN SESSION; SUBJECT ONLY TO SUCH RESTRICTIONS OR LIMITATIONS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME SPECIFY. HOWEVER, THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE FOUNDATION ARTICLES OF INCORPORATION OR BYLAWS OR APPOINT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATIONS CERTIFIED PUBLIC ACCOUNTANT AND IS DISTRIBUTED FOR REVIEW TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CASE OF ANY SUCH CONFLICT OR THE APPEARANCE THEREOF, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, EITHER THE DISINTERESTED DIRECTORS OR THE EXECUTIVE DIRECTOR (ASSUMING HE OR SHE IS DISINTERESTED) OR THE CHAIR (ASSUMING HE OR SHE IS DISINTERESTED) OF THE FOUNDATION SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS OF OTHER AFFILIATED PERSONS. WHENEVER ANY PERSON ABSTAINS FROM VOTING OR RECUSES HIMSELF OR HERSELF AS A RESULT OF A CONFLICT OF INTEREST OR THE APPEARANCE THEREOF, THE MINUTES OF THE MEETING OR THE PROCEEDINGS OF THE FOUNDATION SHALL REFLECT THE ABSTENTION OR RECUSAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE COLLEGE OF THE FLORIDA KEYS 5901 COLLEGE ROAD KEY WEST FL 33040 591209209 EDUCATIONAL INSTITUTE FL 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE COLLEGE OF THE FLORIDA KEYS B 362557 CASH PAID THE COLLEGE OF THE FLORIDA KEYS C 3000 CASH RECEIVED THE COLLEGE OF THE FLORIDA KEYS P 675000 CASH PAID