Clearwater Salvation Army Trust
- Assets
- $881.5k
- Revenue
- $44.9k
- Investments
- $791.2k
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 06/1970
- Data as of
- 03/2024
- EIN
- 23-7069550
Organization Overview
Clearwater Salvation Army Trust is located in Clearwater, FL. The organization was established in 1970. According to its NTEE Classification (P24) the organization is classified as: Salvation Army, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater Salvation Army Trust 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 03/2024, Clearwater Salvation Army Trust generated $44.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $31.9k during the year ending 03/2024. While expenses have increased by 3.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR PRIMARY PURPOSE IS TO DIRECT MONETARY SUPPORT TO CLEARWATER SALVATION ARMY PROGRAMS WHICH INCLUDE: SERVING HOMELESS, FOOD PROGRAMS, AIDS & HOUSING, TOYS, FOOD & GIFTS TO FAMILIES AT SEASONAL TIMES, SPOUSAL ABUSE & RETRAINING, DAY SCHOOL FOR THE UNDERPRIVILEGED AND SPIRITUAL GUIDANCE AS APPROPRIATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEARWATER SALVATION ARMY - PAYMENTS TO ASSIST IN THE FURTHERANCE OF THE CHARITY'S LOCAL ACTIVITIES FOR SOCIAL WELFARE, RELIGIOUS OR OTHER CHARITABLE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Costantino Trustee | Trustee | 1 | $0 |
Joseph Huenke Trustee | Trustee | 1 | $0 |
Andrew Ingersoll Trustee | Trustee | 1 | $0 |
Clark Lea Trustee | Trustee | 1 | $0 |
Zach Messa Trustee | Trustee | 1 | $0 |
Kris Hoce Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,848 |
| Total Program Service Revenue | $0 |
| Investment income | $27,010 |
| Tax Exempt Bond Proceeds | $393 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,774 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,892 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,753 |
| Savings and temporary cash investments | $78,540 |
| 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 | $791,170 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $881,463 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $881,463 |
| Total liabilities and net assets/fund balances | $881,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salvation Army Nmtc Inc Brookhaven, GA | $0 | $6,232,226 |
Fort White Community Thrift Shop Inc Fort White, FL | $551,444 | $326,064 |
Childrens Emergency Resources Inc Stuart, FL | $77,708 | $0 |
Clearwater Salvation Army Trust Clearwater, FL | $881,463 | $44,945 |
Cora D Lyons Tr Fbo Salvation Army Orlando, FL | $125,336 | -$2,474 |
Tabitha Project Inc Tarpon Springs, FL | $170 | $0 |
62 Foundation Inc Dallas, GA | $47,842 | $0 |
William Booth Gardens Of Tyler Inc Brookhaven, GA | $0 | $0 |