South Gate Community Association Inc
- Assets
- $235.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 59-0864549
Organization Overview
South Gate Community Association Inc is located in Sarasota, FL. The organization was established in 1964. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Gate Community Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, South Gate Community Association Inc generated $93.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $87.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RENTAL OF ASSOCIATION FACILITIES FOR BUSINESS, CIVIC, EDUCATIONAL, RECREATIONAL, RELIGIOUS, SOCIAL AND GENERAL ACTIVITIES OF THE ASSOCIATION MEMBERS AND THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Smagacz Secretary | 0 | $0 | |
Seth Johnson Vice Preside | 0 | $0 | |
Steve Lewis Treasurer | 0 | $0 | |
David Swanson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,134 |
| Total Program Service Revenue | $60,802 |
| Membership dues | $28,564 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $93,501 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,683 |
| Professional fees and other payments to independent contractors | $33,710 |
| Occupancy, rent, utilities, and maintenance | $20,678 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,386 |
| Total expenses | $87,457 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,855 |
| Other assets | $0 |
| Total assets | $235,283 |
| Total liabilities | $35,131 |
| Net assets or fund balances | $200,152 |
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|---|---|---|
Amelia Island Plantation Community Association Inc Fernandina Beach, FL | $14,778,714 | $5,769,051 |
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Community Associations Institute Cumming, GA | $751,982 | $493,730 |
7f Users Group Inc Marietta, GA | $644,651 | $535,900 |
Community Associations Institute Sarasota, FL | $323,957 | $426,496 |
Benevolent & Protective Order Of Elks Of The Usa Bradenton, FL | $2,326,183 | $482,454 |
Venetian Pools Community Association Inc Decatur, GA | $2,028,807 | $400,930 |
Community Associations Institute Maitland, FL | $470,214 | $414,101 |