Duo 58 Inc
- Assets
- $2.4k
- Revenue
- $291.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Orlando, FL
- Founding
- 05/2015
- Data as of
- 06/2019
- EIN
- 45-3341417
Organization Overview
Duo 58 Inc is located in Orlando, FL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2018, Duo 58 Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duo 58 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 06/2019, Duo 58 Inc generated $291.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $320.7k during the year ending 06/2019. While expenses have increased by 6.5% per year over the past 4 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE A HEALTHY, NUTURING, MENTORING AND RESTORATIVE ENVIROMENT FOR PEOPLE IN THE ORLANDO COMMUNITY WHO ARE GOING THROUGH OR RECENTLY COME OUR OF VARIOUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB AND LIFE SKILLS PROGRAM: WE PROVIDE A HEALTHY, NUTURING, MENTORING AND RESTORATIVE ENVIROMENT FOR PEOPLE IN THE ORLANDO COMMUNITY WHO ARE GOING THROUGH OR RECENTLY COME OUT OF VARIOUS HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Seta President | OfficerTrustee | 41 | $43,904 |
Marc Lowen Vice President | Trustee | 1 | $0 |
Tracy Smith Secretary | Trustee | 1 | $0 |
Brittney Roseland Board Member | OfficerTrustee | 36 | $21,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,681 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,326 |
| 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 | $239,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,058 |
| Statement of Expenses | |
|---|---|
| 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. | $19,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,537 |
| Office expenses | $1,806 |
| Information technology | $786 |
| Royalties | $0 |
| Occupancy | $34,202 |
| Travel | $1,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,553 |
| Insurance | $9,063 |
| All other expenses | $23,438 |
| Total functional expenses | $320,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,013 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449 |
| 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 | $5,355 |
| Total liabilities | $5,355 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,906 |