I Love My Island Inc
- Assets
- $178.0k
- Revenue
- $545.1k
- Investments
- $0.0
- Employees
- 32
- Location
- Merritt Island, FL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5191767
Organization Overview
I Love My Island Inc is located in Merritt Island, FL. The organization was established in 2014. 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 12/2021, I Love My Island Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Love My Island 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, I Love My Island Inc generated $545.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $556.4k during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE COMMUNITY AND SUPPORT LOCAL EVENTS AND INDIVIDUALS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED THE LOCAL COMMUNITY AND FAMILIES IN NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Colombo President | Officer | 6 | $49,000 |
Carolyn Pincheck Treasurer | Officer | 6 | $19,500 |
Julie Colombo Vice President | Officer | 6 | $13,597 |
Courtney Kellem Board Member | Officer | 2 | $0 |
Denise Moore Secretary | Officer | 2 | $0 |
Dominick Damico Board Member | Officer | 2 | $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 | $4,123 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,123 |
| Total Program Service Revenue | $0 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,524 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $538,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $545,115 |
| 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 | $10,483 |
| Compensation of current officers, directors, key employees. | $82,097 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,071 |
| Advertising and promotion | $2,036 |
| Office expenses | $4,991 |
| Information technology | $8,682 |
| Royalties | $0 |
| Occupancy | $81,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,173 |
| Insurance | $18,269 |
| All other expenses | $2,577 |
| Total functional expenses | $556,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,470 |
| Savings and temporary cash investments | $12,830 |
| 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 | $18,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,243 |
| Total assets | $177,953 |
| Accounts payable and accrued expenses | $2,904 |
| 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 | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $102,904 |
| Net assets without donor restrictions | $75,049 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $177,953 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that I Love My Island Inc has recieved totaling $100,024.
| Awarding Organization | Amount |
|---|---|
Grant Cardone Foundation Inc Aventura, FL PURPOSE: OPERATION EAGLE WINGS | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |