Palm Beach County Fishing Foundation Inc
- Assets
- $1.9m
- Revenue
- $894.8k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 12/1994
- Data as of
- 09/2022
- EIN
- 65-0213715
Organization Overview
Palm Beach County Fishing Foundation Inc is located in West Palm Beach, FL. The organization was established in 1994. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach County Fishing Foundation 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 09/2022, Palm Beach County Fishing Foundation Inc generated $894.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $496.0k during the year ending 09/2022. While expenses have increased by 16.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF MARINE CONSERVATION EDUCATION AND HISTORIC PRESERVATION TO HAVE A LASTING BENEFICIAL IMPACT ON THE YOUTH AND MARINE RESOURCES AND HISTORY IN AND AROUND PALM BEACH COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS FISHING DAY - TAKE UNDERPRIVILEGED CHILDREN FISHING TO EDUCATE THEM ON ISSUES OF MARINE ENVIRONMENT CONSERVATION AND PROTECTION FOR THE FUTURE SALTY - SALTWATER ANGLING LESSONS AND TECHNIQUES FOR YOUTH
REEF AND HABITAT INITIATIVES - SPECIFIC PROJECTS DESIGNED TO HELP IMPROVE MARINE ENVIRONMENT. NEW REEF DESIGNS MANGROVE OYSTER AND SEA GRASS PROJECTS. REEF DARTS PROGRAM TO REPURPOSE CONCRETE UTILITY POLES AND CULCERTS TO PROVIDE VERTICAL ORIENTATION OBJECTS CREATING HIGH PROFILE MARINE FISH HABITAT WHERE NONE PREVIOUSLY EXISTED.
SEMINARS COURSES AND MARINE FLEA MARKET - TRADE SHOW FOR MARINE RELATED PRODUCTS TO PROMOTE RESPONSIBLE FISHING PRACTICES AND SEMINARS ON FISHING TECHNIQUES AND CONSERVATION ISSUES
GRANTS CONTRIBUTIONS SCHOLARSHIPS - PROMOTION OF THE MARINE INDUSTRY AND CONSERVATION EFFORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Twyford Jr President | OfficerTrustee | 20 | $33,812 |
Dan Kleiser Secretary | OfficerTrustee | $0 | |
Pete Schultz Chairman Tre | OfficerTrustee | $0 | |
Tricia Borsch Director | Trustee | $0 | |
Bob Frevert Director | Trustee | $0 | |
John W Jolley Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $450,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,639 |
| Total Program Service Revenue | $422,680 |
| Investment income | $19,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,615 |
| 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. | $33,812 |
| Compensation of current officers, directors, key employees. | $16,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,220 |
| Pension plan accruals and contributions | $17,000 |
| Other employee benefits | $16,435 |
| Payroll taxes | $6,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,497 |
| Office expenses | $15,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,165 |
| Travel | $7,014 |
| 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 | $615 |
| Insurance | $923 |
| All other expenses | $291,605 |
| Total functional expenses | $495,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $347,162 |
| 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 | $8,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,593,622 |
| Total assets | $1,949,170 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $347,162 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,386 |
| Retained earnings, endowment, accumulated income, or other funds | $1,593,622 |
| Total liabilities and net assets/fund balances | $1,949,170 |
Grants Awarded
Over the last fiscal year, Palm Beach County Fishing Foundation Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA ATLANTIC UNIVERSITY CHARLES PURPOSE: SCHOLARSHIP GRANT | $12,500 |
THE REEF INSTITUTE | | | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Palm Beach County Fishing Foundation Inc has recieved totaling $164,118.
| Awarding Organization | Amount |
|---|---|
John A And Elizabeth F Taylor Charitable Foundation Inc Palm Beach Gardens, FL PURPOSE: GENERAL | $130,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: ARTIFICIAL REEF PROGRAM | $21,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,500 |
Taylor Foundation Palm Beach, FL PURPOSE: COMMUNITY | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
| Beg. Balance | $1,232,354 |
| Earnings | $41,485 |
| Net Contributions | $370,438 |
| Other Expense | $50,655 |
| Ending Balance | $1,593,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anglers Club Members Association Inc & Subsidiary Key Largo, FL | $25,024,668 | $5,160,879 |
River Ranch Property Owners Association Inc Lake Wales, FL | $1,888,109 | $1,700,311 |
Sarasota Trap Skeet & Sporting Clays Inc Nokomis, FL | $1,966,456 | $1,664,553 |
River Bend Gun Club Inc Marble Hill, GA | $2,570,231 | $1,029,799 |
Hunting Retriever Club Inc Ocklawaha, FL | $573,533 | $807,346 |
Jacksonville Skeet And Trap Club Inc Jacksonville, FL | $1,938,947 | $964,023 |
Islamorada Fishing Club Inc Islamorada, FL | $1,157,209 | $976,251 |
Greater Jacksonville Fishing Tournament Inc Jacksonville, FL | $154,301 | $673,316 |
Elbert County Gun Club Inc Elberton, GA | $1,092,588 | $764,249 |
Palm Beach County Fishing Foundation Inc West Palm Beach, FL | $1,949,170 | $894,839 |
Homosassa Fishing Club Atlanta, GA | $2,969,191 | $559,714 |
Gulf Hammock Hunting Club Inc Bronson, FL | $237,805 | $523,430 |