Florida Kiwanis Foundation Inc

Nonprofit profile at a glance

EIN
237115348
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Atlantic Beach, FL, USA
Phone
9042426776
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Men's Service Clubs

Official website

Reported finances

Revenue
$447,240
Expenses
$397,160
Assets
$6,387,310
Liabilities
$1,100

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

38 people listed

Executive titles in this filing

  • ARLENE LEWIS-MARR (IMMEDIATE PAST PRESIDENT)
  • F JAMES WYLIE (PRESIDENT)
  • DAVID ROTH (PRESIDENT-ELECT)
  • DENNIS CANTLAY (VICE PRESIDENT)

People named in this filing

  • ARLENE LEWIS-MARR (IMMEDIATE PAST PRESIDENT)
  • F JAMES WYLIE (PRESIDENT)
  • GWEN LEYS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enable caring individuals, clubs, and divisions to combine their resources of time, talent, and funds to create a greater impact on the needs of children and families in Florida.

What it reported doing in 2024

The college scholarship program provides educational assistance to Florida students through several scholarship funds, including j. Walker field, langguth kiwanis family, gugliuzza cki, mychaniuk/flagler county, wilton manors/broward college, wilton manors friends and family, richard w. Witmire, and broster joe & jan schroeder scholarships. Eligibility varies by program and may include key club or circle k membership, kiwanis family relationship, geographic limitations, community service, gpa, leadership, and financial need. For the year, the foundation reported 26 scholarship recipients and $38,750 of cash scholarship assistance.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.2%; rating input score 92
  • Program expense ratio: 77%; rating input score 77
  • Fundraising efficiency: $15.35 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 65%; rating input score 65; 45th 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: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.2%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 16.08; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: -18.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 92.2% of revenue deployed · 77% of spending went to programs
  • Governance: 38 of 38 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $306K in reported program spending
  • Leadership: top reported pay $0 · 38 people listed
  • Consistency: 23 of 25 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.