Green And Gold Foundation Of Lake Wales Inc
- Assets
- $410.2k
- Revenue
- $80.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Lake Wales, FL
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 59-3718203
Organization Overview
Green And Gold Foundation Of Lake Wales Inc is located in Lake Wales, FL. The organization was established in 2001. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Green And Gold Foundation Of Lake Wales Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green And Gold Foundation Of Lake Wales 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 12/2023, Green And Gold Foundation Of Lake Wales Inc generated $80.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $86.6k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 4 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
TO ENHANCE THE LAKE WALES COMMUNITY BY PROVIDING BETTER SOCIAL & HEALTH SERVICES TO ITS PEOPLE, IMPROVING EDUCATIONAL & RECREATIONAL ACTIVITIES FOR ITS YOUTH, HELPING OBTAIN AFFORDABLE HOUSING FOR THE POOR, ELDERLY, & LOW WAGE EARNER, HELPING IMPROVE BLIGHTED CONDITIONS IN THE CITY OF LAKE WALES AND ADJACENT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE REVENUE: OFFICE MANAGEMENT AND OVERHEAD EXPENSES (EXCLUDING PAYROLL)
DEPRECIATION EXPENSE
INTAKE AND REFERRAL PROGRAM: THIS PROGRAM WAS MANDATED THROUGH A CONTRACT WITH BOTH THE CITY OF LAKE WALES AND POLK COUNTY TO SERVICE ALL CITIZENS SEEKING INDIVIDUAL SERVICE AND/OR ASSISTANCE. THE CITY OF LAKE WALES WAS TO PROVIDE ANNUAL GRANT ASSISTANCE TO COVER THE COST OF ADMINISTRATION AND IN TURN THE GREEN & GOLD FOUNDATION WAS TO SERVE AS PROGRAM MANAGING AGENT OF THE "B" STREET COMMUNITY SERVICE CENTER AND ALSO PROVIDE SCHEDULING USAGE AND SOME ADMINISTRATIVE ASSISTANCE TO THE CENTER'S 4 OTHER RESIDENT AGENCIES. THE BASIS OF THE AGREEMENT, "INTAKE AND REFERRAL CASE ACTIVITIES" WERE TO INCLUDE, BUT NOT LIMITED TO: (1) RENT, UTILITY, (WATER & LIGHT) ISSUES (2) PROPERTY TAXES (3) SOCIAL SECURITY ISSUE(4)UNEMPLOYMENT/WORKER'S COMPENSATION ISSUES (5) INSURANCE ISSUES (6) PARENTING ISSUES (7) JOB DISCRIMINATION (8) AUTO ACCIDENTS (9) JOB ISSUES (10) LEGAL SEPERATIONS (11) HOUSING (GENERAL) (12) LEGAL (GENERAL) (13) SOCIAL ISSUES (14) MEDICAL ASSISTANCE (15) MEETINGS - CLUBS, CHURCHES, ASSOCIATIONS (16) MEETINGS - CITY AND COUNTY (17) TAX ISSUES AND SEMINARS (18) FAMILY CONFLICT ISSUES (19) AFTER SCHOOL ENRICHMENT PROGRAM (20) SOCIAL SKILLS PROBLEMS (21) VARIOUS WORKSHOPS. IN SUMMARY, THE GREEN AND GOLD FOUNDATION WAS TO PROVIDE VITAL INTAKE AND REFERRAL SERVICES TO LOCAL CITIZENS AND ORGANIZATIONS.
SUMMER PROGRAMS: WE, THE GREEN & GOLD FOUNDATION, HAVE BEEN SPONSORING THE SUMMER ENRICHMENT, ACADEMIC & RECREATIONAL PROGRAM FOR AREA ELEMNTARY CHILDREN IN ORDER TO SUPPORT AND REITERATE THE BASIC SKILLS STUDENTS LEARN DURING THE ACADEMIC YEAR. IN SOME INSTANCES, PERSONNEL, WORKERS, AND VOLUNTEERS ARE PAID BY PARTICIPATING COMMUNITY PARTNERS. MOSTLY, WE PROVIDE SUPERVISION (BY PARENTS, RETIRED TEACHERS AND PRINCIPALS), SPACE, COMPUTERS, MAINTENANCE, MATERIALS, AND SUPPLIES. THE B STREET COMMUNITY SERVICE CENTER HAS PARTNERED WITH THE LOCAL COUNTY & AREA SCHOOLS TO FEED FROM 120-150 YOUTHS (AGES 4-18) THROUGHOUT THE SUMMER. BREAKFAST & LUNCH ARE PROVIDED DAILY DURING THE ENTIRE SUMMER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Sanders President | OfficerTrustee | 0.5 | $0 |
Narvell Peterson Executive VP | OfficerTrustee | 0.5 | $0 |
Terrye Y Howell VP Programs | OfficerTrustee | 0.5 | $0 |
Terrance Horne Vp, Operatio | OfficerTrustee | 0.5 | $0 |
Ivory Wilson Treasurer | OfficerTrustee | 0.5 | $0 |
Sara Jones Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,935 |
| Total Program Service Revenue | $21,238 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,910 |
| 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 | $80,089 |
| 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 | $493 |
| 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 | $28,527 |
| 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 | $1,063 |
| Advertising and promotion | $0 |
| Office expenses | $870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $140 |
| 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 | $11,096 |
| Insurance | $4,719 |
| All other expenses | $11,672 |
| Total functional expenses | $86,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,879 |
| Savings and temporary cash investments | $56,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,894 |
| 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 | $1,214 |
| Net Land, buildings, and equipment | $293,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,187 |
| Accounts payable and accrued expenses | -$47 |
| 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 | $1,369 |
| Total liabilities | $1,322 |
| 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 | $11,075 |
| Retained earnings, endowment, accumulated income, or other funds | $397,790 |
| Total liabilities and net assets/fund balances | $410,187 |