Charitable Foundation of the Islands Inc

What it reported doing in 2024

In the past year, the charitable foundation of the islands (cfi) expanded its impact by addressing urgent post-hurricane recovery needs while continuing to strengthen core programs in philanthropy, nonprofit capacity, and community leadership. A major highlight was the launch of an economic revitalization strategy to support local businesses, including a 100,000 grant to the sancap chamber that catalyzed 1.9 million in hospitality relief for island businesses. Cfi also established a board-led economic revitalization committee and developed the accelerate loan program, backed by 1.1 million in private capital from cfi board members. Simultaneously, the foundation deepened its work in nonprofit engagement-hosting monthly collaboration meetings, guiding capital campaigns, and launching a grant writing academy that served over 30 staff from 13 organizations. Cfi's leadership sanibel-captiva program completed its third year with high participant satisfaction and measurable alumni engagement in civic life. Donor support was sustained through enhanced stewardship efforts such as the francis bailey society and a donor recognition event. Improvements to donor-advised fund (daf) administration increased transparency and usability, and cfi secured 70,000 in new funding for eldercare initiatives, including its first field-of-interest fund. With increased communications outreach, strategic grantmaking, and continued involvement in civic and philanthropic leadership, cfi was honored as the 2024 organization of the year by the sanibel captiva chamber of commerce- recognition of its role as a vital convener and catalyst for community progress.

Financial Efficiency

• Mission deployment rate: 88.6%; rating input score 89
• Program expense ratio: 77.1%; rating input score 77
• Fundraising efficiency: $29.03 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 90.4%; rating input score 90; 38th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 18.2%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 7.38; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 19.8% per year; rating input score 100; 82nd percentile among comparable filings
• Revenue growth: 16.7% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 20.7% per year; rating input score 100; 82nd percentile among comparable filings