Friends Of Lovers Key Inc
- Assets
- $1.1m
- Revenue
- $311.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers Beach, FL
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 65-0770374
Organization Overview
Friends Of Lovers Key Inc is located in Fort Myers Beach, FL. The organization was established in 1998. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Lovers Key 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 12/2021, Friends Of Lovers Key Inc generated $311.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $92.6k during the year ending 12/2021. While expenses have increased by 2.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOLKS MISSION FRIENDS OF LOVERS KEY HELPING TO PROTECT, PRESERVE AND SUPPORT LOVERS KEY STATE PARK 2021 ANNUAL GOALS 1. THROUGH A VIGOROUS FUNDRAISING EFFORT RAISE THE FUNDS NECESSARY TO COMPLETE THE WELCOME AND DISCOVERY CENTER AND FUND ITS ONGOING OPERATIONS 2. THROUGH COMMUNITY INVOLVEMENT AND EDUCATION ENHANCE THE AWARENESS OF THE PARK AND THE WELCOME AND DISCOVERY CENTER TO INCREASE THE PARK VISITATION AND STRENGTHEN FOLKS MEMBERSHIP 3. ESTABLISH ADVISORY GROUPS AS WELL AS REORGANIZE AND RESTRUCTURE FOLKS COMMITTEES, CLARIFYING ROLES, RESPONSIBILITIES AND GOALS FOR EACH 4. CONTINUE TO UPDATE FINANCIAL PROCESSES AND PROGRAMS THAT WILL ENABLE FOLKS AND FOLKS TREASURER TO RESPOND TO ALL FINANCIAL REQUIREMENTS 5. PROMOTE TRANSPARENCY THROUGH A WILLINGNESS BY FOLKS TO PUBLISH AND MAKE AVAILABLE CRITICAL DATA AND INFORMATION ABOUT FOLKS. THIS WILL HELP PRESERVE THE VERY-IMPORTANT TRUST EACH DONOR PLACES WITH FOLKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL EVENTS TO PROVIDE FUNDING FOR EDUCATIONAL AND OTHER PROGRAMS
THE CENTRAL THEME OF LOVERS KEY ECO-ARTS CAMP IS "WHAT YOU SEE ON THE LAND, LANDS IN THE SEA", WHICH INVESTIGATES RELATIONSHIPS BETWEEN LAND USE AND THE HEALTH OF AQUATIC ECO-SYSTEMS (IT IS ALSO THE THEME OF THE NEW SPEAKERS SERIES SPONSORED BY FOLKS). THE PURPOSE OF THIS THEME IS TO ENGAGE CITIZENS OF ALL AGES AND BACKGROUNDS IN LEARNING ABOUT AND PROTECTING THE ESTERO BAY WATERSHED. LOVERS KEY STATE PARK'S LOCATION IS IDEAL FOR VISITORS APPRECIATE THE CONNECTIONS BETWEEN LAND USE AND WATER QUALITY.
WHAT YOU SEE ON THE LAND, LANDS IN THE SEA": A LECTURE AND DISCUSSION SERIES SPONSORED BY FRIENDS OF LOVERS KEY BEGINNING THE FALL OF 2021, FRIENDS OF LOVERS KEY WILL HOST A SERIES OF LECTURES AND PANEL DISCUSSIONS ABOUT THE CONNECTIONS BETWEEN FLORIDA'S AQUATIC HABITATS AND LAND USE. SPEAKERS WILL ADDRESS THE CHALLENGES FACING OUR WATERWAYS, THEIR SOLUTIONS, AND THE ROLE OF CITIZENS. THE SERIES WILL BE HELD IN THE COMMUNITY ROOM OF THE WELCOME AND DISCOVERY CENTER FROM 6:30 - 8:00 PM. ADMISSION IS $30 PER TICKET OR $150 FOR THE SERIES OF ALL SIX EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Voorhees Director Capital Campaign | 20 | $16,000 | |
James S Remis President And Board Chair | OfficerTrustee | 25 | $0 |
Karen Woodson VP Operations | OfficerTrustee | 20 | $0 |
Tina Tyler VP Donor Development | OfficerTrustee | 20 | $0 |
Kathryn Klar Treasurer | OfficerTrustee | 20 | $0 |
Megan Zelenak Secretary | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,565 |
| Fundraising events | $10,000 |
| Related organizations | $0 |
| Government grants | $40,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,777 |
| Noncash contributions included in lines 1a–1f | $15,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,370 |
| Total Program Service Revenue | $46,862 |
| Investment income | $324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,070 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,838 |
| 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 | $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 | $7,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,750 |
| Advertising and promotion | $36,061 |
| Office expenses | $5,700 |
| Information technology | $18,896 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $532 |
| Insurance | $100 |
| All other expenses | $0 |
| Total functional expenses | $92,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,025 |
| Savings and temporary cash investments | $26,481 |
| Pledges and grants receivable | $45,500 |
| 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 | $12,725 |
| Prepaid expenses and deferred charges | $16,563 |
| Net Land, buildings, and equipment | $7,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778,875 |
| Total assets | $1,050,713 |
| Accounts payable and accrued expenses | $3,984 |
| Grants payable | $0 |
| Deferred revenue | $3,260 |
| 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 | $7,244 |
| Net assets without donor restrictions | $264,591 |
| Net assets with donor restrictions | $778,878 |
| 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 | $1,050,713 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Lovers Key Inc has recieved totaling $122,599.
| Awarding Organization | Amount |
|---|---|
Southwest Florida Community Foundation Inc Fort Myers, FL PURPOSE: SPECIFIC PROGRAM | $102,599 |
John S And Kathryne A King Foundation Inc Fort Myers Beach, FL PURPOSE: GENERAL PURPOSE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Resource Conservation And Development Council Inc Montgomery, AL | $2,356,882 | $9,016,810 |
Sunshine State One-Call Of Florida Inc Debary, FL | $11,078,282 | $8,719,222 |
Sanibel-Captiva Conservation Foundation Inc Sanibel, FL | $41,236,821 | $6,688,886 |
Coral Restoration Foundation Inc Tavernier, FL | $10,072,417 | $6,671,082 |
Florida Three Rivers Resource Conservation And Development Milton, FL | $524,956 | $2,767,721 |
Southern Conservation Trust Inc Fayetteville, GA | $28,472,286 | $75,606 |
Tampa Baywatch Inc Tierra Verde, FL | $7,135,035 | $3,077,019 |
Okefenokee Swamp Park Inc Waycross, GA | $1,326,346 | $1,814,142 |
Nokuse Education Inc Freeport, FL | $19,059,829 | $1,096,271 |
Groundwork Jacksonville Inc Jacksonville, FL | $1,550,608 | $1,461,498 |
Conservation Foundation Of The Gulf Coast Inc Osprey, FL | $34,289,392 | $2,696,865 |
Georgia Organics Inc Atlanta, GA | $2,512,323 | $2,070,436 |