Key West Business Guild Inc is located in Key West, FL. The organization was established in 1992. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Key West Business Guild Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key West Business Guild Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Key West Business Guild Inc generated $335.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $250.5k during the year ending 12/2021. 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
GENERAL PUBLIC TOURIST INFORMATION SERVICES; PROMOTING TOURISM IN THE KEY WEST AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PUBLIC TOURIST INFORMATION SERVICES, BUILDING TOURISM IN THE KEY WEST AREA.
GENERAL PUBLIC TOURIST INFORMATION SERVICES, BUILDING TOURISM IN THE KEY WEST AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Theriault Director | Trustee | 40 | $66,750 |
Charles Licis President | Officer | $0 | |
Daniell E Skahen Vice Preside | Officer | $0 | |
Alan Beaubien Trustee/dire | Trustee | $0 | |
Larry Blackburn Director | Trustee | $0 | |
Jacqueline Luhta Treasurer | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $68,375 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $55,713 |
All other contributions, gifts, grants, and similar amounts not included above | $46,044 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $170,132 |
Total Program Service Revenue | $165,227 |
Investment income | $69 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $335,428 |
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 | $112,849 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,405 |
Payroll taxes | $8,631 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,425 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $65,012 |
Advertising and promotion | $10,501 |
Office expenses | $3,454 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $31,575 |
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 | $47 |
Insurance | $4,626 |
All other expenses | $0 |
Total functional expenses | $250,525 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $209,759 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,648 |
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 | $728 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $245 |
Other assets | $670 |
Total assets | $221,050 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $2,441 |
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 | $51,205 |
Total liabilities | $53,646 |
Net assets without donor restrictions | $167,404 |
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 | $221,050 |
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