Englewood Beach Waterfest
- Assets
- $158.5k
- Revenue
- $369.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, FL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2664863
Organization Overview
Englewood Beach Waterfest, operating under the name Englewood Beach Waterfest Inc, is located in Englewood, FL. The organization was established in 2015. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Englewood Beach Waterfest 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, Englewood Beach Waterfest Inc generated $369.5k 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 (3.6%) each year. All expenses for the organization totaled $291.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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
THE ORGANIZATION'S MISSION IS TO STAGE SPECTATOR EVENTS, PARTICIPANT COMPETITIONS AND EDUCATIONAL FORUMS THAT SHOWCASE ENGLEWOODS'S UNIQUE WATER RESOURCES AND RECREATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUCCESSFULLY HOSTED THE OFFSHORE POWERBOAT ASSOCIATION WORLD CHAMPIONSHIPS, CREATING AN ESTIMATED ECONOMIC IMPACT OF OVER $5 MILLION TO THE COMMUNITY, 60% FROM PEOPLE RESIDING OUT OF THE AREA. THE EVENT EDUCATED NEARLY 32,000 ATTENDEES ON LOCAL WATER AND LAND CONSERVATION EFFORTS, AND RAISED FUNDS FOR OTHER LOCAL CHARITIES THAT SUPPORT THESE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gardiner President | Officer | 5 | $0 |
Ray Labadie Vice President | Officer | 5 | $0 |
Ralph Young Vice President | Officer | 5 | $0 |
Heather Labeau Treasurer | Officer | 5 | $0 |
Jim Litton Secretary | Officer | 5 | $0 |
Elaine Miller Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $65 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,693 |
| Total Program Service Revenue | $248,817 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,523 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,426 |
| Advertising and promotion | $27,860 |
| Office expenses | $1,145 |
| Information technology | $3,762 |
| Royalties | $0 |
| Occupancy | $31,500 |
| 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 | $12,624 |
| All other expenses | $10,754 |
| Total functional expenses | $291,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,394 |
| 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 | $138 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $158,515 |
| Accounts payable and accrued expenses | $24,039 |
| 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 | $24,039 |
| Net assets without donor restrictions | $134,476 |
| 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 | $158,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Englewood Beach Waterfest has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Sarasota Convention And Visitors Bureau Sarasota, FL PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live-Thrive Atlanta Inc Atlanta, GA | $1,073,818 | $1,229,888 |
Seaworld & Busch Gardens Conservation Fund Orlando, FL | $1,323,496 | $1,265,856 |
Forest Workforce Training Institute Montgomery, AL | $491,747 | $815,926 |
Savannah Ocean Exchange Savannah, GA | $125,873 | $481,774 |
Keep Georgia Beautiful Foundation Atlanta, GA | $391,515 | $453,954 |
The Environmental Fund For Georgia Atlanta, GA | $91,246 | $349,249 |
Nathan Benderson Park Foundation Inc University Park, FL | $68,644 | $159,616 |
Englewood Beach Waterfest Englewood, FL | $158,515 | $369,523 |
Arctic Circle Foundation Inc Us Darien, GA | $272,319 | $450,000 |
Florida Coalition For Preservationinc Ocean Ridge, FL | $125,844 | $164,394 |
Winter Park Community Improvement Fund Inc Winter Park, FL | $1,971 | $0 |
We Can So You Can Inc Miami, FL | $27,937 | $56,304 |