Community Foundation for Palm Beach and Martin Counties

What it reported doing in 2024

Community impactthrough our three core focus areas: economic opportunity, education and youth, and thriving communities. We partnered with organizations by providing capacity building, programmatic and general operating grants that provided job training opportunities that lead to greater economic success and improved quality of life; nonprofits that increased access to food; programs that provided environmental education to youth and adults; organizations that provided mentorships for women-owned businesses; arts and culture programs that develop youth music and dance skills; and programs that prevented homelessness by stabilizing individuals and families in their homes and providing case management.through our fy25 competitive grant process, with support from unrestricted and field-of-interest funds, 136 grants totaling $5,045,259 were awarded to nonprofits in the palm beach county and martin county geographical region.an important component of the community foundation's strategic plan is supporting our community partners and ensuring the important work they do to make our community a better place to live is sustained. One way we were able to do this was by creating a multi-year grantmaking program that targeted a select number of organizations focused on early childhood literacy. This type of strategic grantmaking provides several key benefits: 1) creates organizational stability, which reduces the anxiety of annual renewal cycles; 2) it establishes trust between the funder and grantee; 3) organizations can devote more time to programming; and 4) helps community partners attract new funding partners while diversifying the support resources. We also established a new capacity-building program that supported small- to mid-size organizations with budgets under $2 million. Our new community partners use the funding for various types of projects to strengthen their organization's infrastructure. Projects included board development training, nonprofit accreditation, grant writing training, creating and implementing strategic plans, updating new technology equipment, and designing and implementing fundraising strategies. Through these support structures, our community partners have become more effective and efficient in delivering critical community services.

Financial Efficiency

• Mission deployment rate: 78.4%; rating input score 78
• Program expense ratio: 90.4%; rating input score 90
• Fundraising efficiency: $36.39 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 89.6%; rating input score 90; 22nd 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; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 26.9%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 7.86; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 86; 86th percentile among comparable filings
• Officer compensation ratio: 5.1%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 13% per year; rating input score 100; 83rd percentile among comparable filings
• Revenue growth: 9.4% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 6.1% per year; rating input score 100; 45th percentile among comparable filings