Longboat Key Education Center Inc is located in Longboat Key, FL. The organization was established in 2006. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longboat Key Education Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Longboat Key Education Center Inc generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $222.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ENRICHMENT PROGRAMMING FOR ADULTS REGARDLESS OF RESIDENCY OR PRIOR EDUCATIONAL BACKGROUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES AND LECTURE SERIES ARE PROVIDED FROM THE FALL THROUGH THE SPRING TO ADULTS: GALLERY ALSO OPEN TO THE GENERAL PUBLIC FOR EXHIBITS BY LOCAL ARTISTS AND FACULTY: ANNUAL BROCHURE PUBLISHED: MOST CLASSES HAVE WAITING LISTS:
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Dawson Treasurer | OfficerTrustee | 5 | $0 |
Charity Kurtyka Secretary | OfficerTrustee | 1 | $0 |
Susan Goldfarb Pres/exec Dir | OfficerTrustee | 45 | $0 |
Paris Bassett Director | Trustee | 1 | $0 |
V C Heidenreich Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,020 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $32,958 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $33,978 |
Total Program Service Revenue | $16,013 |
Investment income | $23 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $50,014 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $33,174 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $86,418 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,538 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,500 |
Fees for services: Accounting | $735 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,932 |
Office expenses | $1,932 |
Information technology | $5,590 |
Royalties | $0 |
Occupancy | $30,921 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,688 |
All other expenses | $33,038 |
Total functional expenses | $222,924 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $42,527 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $42,527 |
Accounts payable and accrued expenses | $12,135 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $149,900 |
Other liabilities | $0 |
Total liabilities | $162,035 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | -$119,508 |
Total liabilities and net assets/fund balances | $42,527 |
Over the last fiscal year, we have identified 1 grants that Longboat Key Education Center Inc has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Benjamin B And Natalie O Levin Foundation Sarasota, FL PURPOSE: NONE | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Key West Association Of Realtors Inc Key West, FL | $916,692 | $625,796 |
Optimist International Miami Lakes, FL | $287,916 | $331,070 |
Florida District Of Key Club International Inc Sanford, FL | $1,284,834 | $496,971 |
Optimist International Naples, FL | $426,058 | $392,535 |
Key West Business Guild Inc Key West, FL | $221,050 | $335,428 |
Charmettes Inc Tampa, FL | $233,774 | $262,691 |
Key Largo Lodge No 2287 Loyal Order Of Moose Key Largo, FL | $443,080 | $275,871 |
W-Underdogs Inc Atlanta, GA | $53,074 | $229,092 |
Longboat Key Education Center Inc Longboat Key, FL | $42,527 | $50,014 |
Big Pine Key Lodge No 1585 Loyal Order Of Moose Big Pine Key, FL | $688,523 | $252,171 |
Optimist International Pembroke Pines, FL | $98,671 | $222,241 |
Samaritans 365 Foundation Inc Boca Raton, FL | $178,260 | $256,009 |