Fort Myers Beach Kiwanis Club Foundation Inc
- Assets
- $1.4m
- Revenue
- $566.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Myers Beach, FL
- Founding
- 06/1994
- Data as of
- 09/2021
- EIN
- 65-0469747
Organization Overview
Fort Myers Beach Kiwanis Club Foundation Inc is located in Fort Myers Beach, FL. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2021, Fort Myers Beach Kiwanis Club Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Myers Beach Kiwanis Club 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 09/2021, Fort Myers Beach Kiwanis Club Foundation Inc generated $566.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $433.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. 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
THE ORGANIZATION'S PURPOSE IS TO ASSIST NEEDY PERSONS, PARTICULARLY YOUNG PEOPLE; TO ASSIST WORTHY YOUTH IN ATTAINING VOCATIONAL EXCELLENCE, AND TO AID PERSONS WITH DISABILITIES IN REGAINING HAPPY, USEFUL LIVES THORUGH THE EXPENDING OF FUNDS DIRECTLY FOR SUCH PURPOSES, OR BY FURNISHING FUNDS TO OTHER ORGANIZATIONS WHICH HAVE BEEN ORGANIZED FOR CHARITABLE, SCIENTIFIC RESEARCH, OR EDUCATIONAL PURPOSES, OR THE PREVENTION OF CRUELTY TO CHILDREN, ALL WITHIN THE PURVIEW OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A THRIFT STORE TO PROVIDE FUNDING FOR OTHER CHARITABLE ENDEAVORS AND ALSO PROVIDE RESIDENTS WITH LOW COST AND, IN SOME CASES, NO COST CLOTHING AND HOUSEHOLD GOODS.
PROVIDED YOUTH SERVICE GRANTS TO LITTLE LEAGUE AND YOUTH SOCCER PROGRAMS, AREA ELEMENTARY SCHOOLS, CUB SCOUTS, THE FLORIDA KEY CLUB, AND SCHOLARSHIPS TO AREA CHILDREN WHO ATTAIN AT LEAST A 3.0 GPA. IN TOTAL, OVER 280 DESERVING STUDENTS HAVE RECEIVED SCHOLARSHIP FUNDS FROM THE ORGANIZATION, INCLUDING SEVENTEEN SCHOLARSHIPS, TOTALING $35,000 FOR THIS FISCAL YEAR.
PROVIDES SUPPORT TO CHILDREN'S AND COMMUNITY SERVICES, YOUTH SWIMMING LESSONS, NEEDY FAMILY SUPPORT AND VARIOUS COMMUNITY FUNDRAISING ENDEAVORS.
THE ORGANIZATION PROVIDES SUPPORT FOR COMMUNITY PROJECTS AND BOTH THE STATE AND INTERNATIONAL KIWANIS FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Lepley President | Officer | 10 | $0 |
Eric Tibbs President-Elect | Officer | 1 | $0 |
Paula Mccarthy Secretary | Officer | 3 | $0 |
Edward Mccarthy Treasurer | Officer | 6 | $0 |
Doug Bidgood Director | Trustee | 0 | $0 |
Wayne Gibson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,933 |
| Total Program Service Revenue | $510,364 |
| Investment income | -$1,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,716 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,650 |
| Grants and other assistance to domestic individuals. | $2,354 |
| 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 | $173,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,600 |
| Payroll taxes | $14,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,174 |
| Advertising and promotion | $1,873 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,395 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,823 |
| Insurance | $24,401 |
| All other expenses | $8,529 |
| Total functional expenses | $433,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,792 |
| Savings and temporary cash investments | $69,935 |
| 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 | $1,189,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,834 |
| Other assets | $0 |
| Total assets | $1,362,737 |
| 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 | $390,594 |
| Unsecured mortgages and notes payable | $34,597 |
| Other liabilities | $0 |
| Total liabilities | $425,191 |
| 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 | $937,546 |
| Total liabilities and net assets/fund balances | $1,362,737 |
Grants Awarded
Over the last fiscal year, Fort Myers Beach Kiwanis Club Foundation Inc has awarded $28,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Ft Myers, FL PURPOSE: CHILDREN'S HEALTH | $10,000 |
Nashville, TN PURPOSE: SCHOLARSHIPS FOR TWO STUDENTS | $7,000 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIPS FOR THREE STUDENTS | $6,000 |
Fort Myers, FL PURPOSE: SCHOLARSHIPS FOR THREE STUDENTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |