Citrus County Community Charitable Foundation Inc

Overview

The Citrus County Community Charitable Foundation Inc. is a U.S. nonprofit organization dedicated to supporting health-related initiatives within Citrus County. It is classified as a 501(c)(3) entity, making donations to the organization tax deductible.

Purpose and Activities

The foundation's mission is to award grants to groups and organizations that develop new programs, research, or incentives to enhance healthcare and meet medical needs. It primarily focuses on projects that address the health of the community.

Governance

The Citrus County Community Charitable Foundation Inc. is governed by a diverse board of directors, which includes representatives from various sectors of the community. The board members are selected from the following positions:

• Two at-large representatives of the Citrus County community
• A representative from the Citrus County Hospital Board
• A representative from the Citrus County Board of County Commissioners
• Representatives from the cities of Inverness and Crystal River
• The Chief of Staff from Seven Rivers/Citrus Memorial Hospitals (rotating every two years)
• A representative from the Citrus County Medical Society
• A representative from the Florida Well Care Alliance
• A representative from the Florida Department of Health – Citrus County
• A representative from the College of Central Florida

Financial Performance

As of the fiscal year ending 2023, the foundation reported a total revenue of approximately $400,000. The primary sources of revenue included significant income from the sale of assets and investment income. For example, in 2023, the foundation generated $683,154 from asset sales and $249,467 from investment income[1][3]. The organization's total assets were valued at approximately $12.1 million, with liabilities amounting to about $8,780[1].

Grant Activities

During 2023, the foundation distributed around $91,708 in grants to various organizations to support health-related projects[4]. Examples of grant recipients in 2023 included the North Central Florida Health Planning Council, which received $56,600 for health needs assessment, and the Citrus County Children's Advocacy Center, which received $35,108 for risk avoidance programs[3].

Organizational Structure

Key personnel in the organization include the president, vice president, treasurer, and secretary. As of recent reports, these roles were held without compensation[3].

Meetings and Schedule

The foundation holds its board meetings on the fourth Thursday of every month, either online via Zoom or at the Lecanto Government Building. The Grants Committee meets as needed, also at the Lecanto Government Building[2].