Key West Womans Club Inc
- Assets
- $1.6m
- Revenue
- $404.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Key West, FL
- Founding
- 01/1989
- Data as of
- 06/2023
- EIN
- 59-2126139
Organization Overview
Key West Womans Club Inc is located in Key West, FL. The organization was established in 1989. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key West Womans Club 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 06/2023, Key West Womans Club Inc generated $404.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $139.8k during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND UTILIZE A HISTORIC STRUCTURE TO RAISE MONEY FOR CHARITABLE PURPOSES BY ENHANCING PARTICIPATION IN COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND UTILIZING A HISTORIC STRUCTURE, BOTH THE MAIN HOUSE AND THE RED BARN THEATER. WE SUPPOT THE THEATER WITH LOW RENT AS THEY SERVE DOZENS IN THEIR EDUCATIONAL MISSION AND THOUSANDS IN THEIR CULTURAL MISSION. THIS YEAR WAS A MAJOR RENOVATION OF THE MAIN HOUSE. ABOVE IS THE TOTAL SPENT, SHOWING AS A SMALL DEPRIATION ON THE PAGE 10 EXPENSES.
TO MAKE MONEY FOR CHARITABLE CAUSES. WE MADE DONATIONS TO 33 SCHOOLS ND 501C3 ORGANIZATIONS.
ENHANCE PARTICIPATION IN COMMUNITY EVENTS. FOR THE TOWN'S FALL FESTIVAL WE HAVE SERVED OVER 100 MEMBERS OF THE COMMUNITY FROM OUR FRONT YARD ON DUVAL STREET. WE ALSO SERVE OTHER MEMBERS OF THE COMMUNITY IN OTHER FUNDRAISING EVENTS IN OTHER VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Smarsh 2nd Vice President | OfficerTrustee | 15 | $0 |
Susan Collier Treasurer | OfficerTrustee | 15 | $0 |
Linda Badwey Secretary | OfficerTrustee | 15 | $0 |
Susan Mitchell President | OfficerTrustee | 40 | $0 |
Joyce Benavides Parliamentarian | Trustee | 10 | $0 |
Rita Eaton Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,332 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,552 |
| Total Program Service Revenue | $0 |
| Investment income | $1,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,284 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $185,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,457 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $500 |
| 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 | $561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $644 |
| Fees for services: Other | $0 |
| Advertising and promotion | $838 |
| Office expenses | $7,217 |
| Information technology | $2,850 |
| Royalties | $0 |
| Occupancy | $27,460 |
| 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 | $1,500 |
| Depreciation, depletion, and amortization | $28,197 |
| Insurance | $5,400 |
| All other expenses | $0 |
| Total functional expenses | $139,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,704 |
| Savings and temporary cash investments | $149,850 |
| 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 | $1,171,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,635,343 |
| 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 | $1,250 |
| Total liabilities | $1,250 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,635,343 |
Grants Awarded
Over the last fiscal year, Key West Womans Club Inc has awarded $32,274 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION SMILE | | | $20,000 |
BOYS AND GIRLS CLUBSOF THE KEYS AREA INC | | | $12,274 |