Friends Of Lovers Key Inc is located in Bonita Springs, 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 12/2022, Friends Of Lovers Key Inc generated $343.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $100.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 4 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
2022
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 2023 ANNUAL GOALS 1 WORK WITH THE PARK STAFF, THE FLORIDA PARK SERVICE, FOLKS MEMBER AND DONORS AND THE COMMUNITY TO ASSIST LOVERS KEY STATE PARK RECOVER FROM HURRICANE IAN. 2 THROUGH A VIGOROUS FUNDRAISING EFFORT, RAISE THE FUNDS NECESSARY TO ASSIST WITH THE RECOVERY FROM HURRICANE IAN COMPLETE THE WELCOME AND DISCOVERY CENTER AND FUND ITS ONGOING OPERATIONS AND RELATED EDUCATION PROGRAMS. 3THROUGH COMMUNITY INVOLVEMENT AND EDUCATION ENHANCE AWARENESS THAT THE PARK AND THE WELCOME AND DISCOVERY CENTER WILL BE BACK STRONGER FROM THE HURRICANE, PREPARE FOR THE PARKS REOPENING AND RECONNECT TO THE PARK THROUGH THE MESSAGE - LOVING LOVERS KEY - 4 ESTABLISH A HIGH LEVEL ADVISORY GROUP TO ADVISE THE FOLKS BOARD WITH WELL-DEFINED ROLES, RESPONSIBILITIES, AND GOALS.5 CONTINUE TO UPDATE FINANCIAL PROCESSES AND PROGRAMS THAT WILL ENABLE FOLKS AND FOLKS TREASURER TO RESPOND TO ALL FINANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HURRICANE IAN MADE LANDFALL ON SEPTEMBER 28, 2022, WITHIN 10 MILES OF LOVERS KEY STATE PARK AS A CATEGORY 5 HURRICANE. THE PARK WAS SEVERELY DAMAGED FROM THE WINDS OF 150 MPH AND A 12 FOOT PLUS STORM SURGE. THIS DAMAGE CAUSED THE PARK TO BE CLOSED FOR RECONSTRUCTION AND CONTINUES TO BE CLOSED AS OF THE DATE OF THE FILING OF THIS RETURN. THE PARK CLOSURE HAS CANCELLED ALL FRIENDS OF LOVERS KEY PROGRAMS AND OUR EFFORTS HAVE BEEN REFOCUSED ON ASSISTING THE PARK RECOVER FROM THE HURRICANE.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James S Remis President And Board Chair | OfficerTrustee | 25 | $0 |
Karen Woodson VP Operations | OfficerTrustee | 15 | $0 |
Kathryn Klar Treasurer | OfficerTrustee | 20 | $0 |
Megan Zelenak Secretary | OfficerTrustee | 20 | $0 |
Chrisy Hennessey Secretary | OfficerTrustee | 20 | $0 |
Frank Cassise Director | Trustee | 20 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $16,175 |
Fundraising events | $42,000 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $216,219 |
Noncash contributions included in lines 1a–1f | $17,289 |
Total Revenue from Contributions, Gifts, Grants & Similar | $274,394 |
Total Program Service Revenue | $60,075 |
Investment income | $66 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$5,081 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $14,149 |
Miscellaneous Revenue | $0 |
Total Revenue | $343,639 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $18,092 |
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 | $6,810 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,709 |
Advertising and promotion | $38,065 |
Office expenses | $7,131 |
Information technology | $19,156 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,064 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $100,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $273,458 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $75,000 |
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 | $12,167 |
Prepaid expenses and deferred charges | $3,841 |
Net Land, buildings, and equipment | $6,480 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $953,220 |
Total assets | $1,324,166 |
Accounts payable and accrued expenses | $12,457 |
Grants payable | $0 |
Deferred revenue | $25,000 |
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 | $37,457 |
Net assets without donor restrictions | $221,493 |
Net assets with donor restrictions | $1,065,216 |
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 | $1,324,166 |