Red Bay Stronghold Foundation Inc
- Assets
- $4.6m
- Revenue
- $41.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 65-1139780
Organization Overview
Red Bay Stronghold Foundation Inc is located in Stuart, FL. The organization was established in 2002. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, 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. Red Bay Stronghold 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 12/2022, Red Bay Stronghold Foundation Inc generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $24.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD, MANAGE AND PROTECT LAND IN FLORIDA AND MAKE SUCH LAND AVAILABLE TO THE INDEPENDENT TRADITIONAL SEMINOLE NATION OF FLORIDA FOR VARIOUS EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Sexton President | 2 | $0 | |
Larry Lannan Treasurer | 2 | $0 | |
Curtis Berkey Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,500 |
| Interest on Savings | $680 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,544 |
| Depreciation | $1,383 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,055 |
| Printing and publications | $0 |
| Other expenses | $18,159 |
| Total operating and administrative expenses | $24,406 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $24,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,145 |
| Savings and temporary cash investments | $40,492 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,550,349 |
| Other assets | $0 |
| Total assets | $4,594,986 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Red Bay Stronghold Foundation Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kenneth Kirchman Foundation Inc Saint Cloud, FL | $167,300,006 | $1,378,162 |
Athens Land Trust Inc Athens, GA | $9,139,569 | $3,608,954 |
Atlantic Coast Conservancy Inc Jasper, GA | $116,932,438 | $4,648,270 |
Georgia-Alabama Land Trust Inc Piedmont, AL | $54,818,937 | $4,132,358 |
North Florida Land Trust Inc Jacksonville, FL | $17,924,673 | $2,506,149 |
Alachua Conservation Trust Incorporated Gainesville, FL | $33,442,340 | $6,368,662 |
Carpet America Recovery Effort Care Inc Dalton, GA | $734,036 | $2,851,566 |
Florida Keys Land & Sea Trust Inc Marathon, FL | $2,895,043 | $1,398,767 |
Orlando Land Trust Inc Orlando, FL | $228,543 | $559,563 |
Indian River Land Tr Inc Vero Beach, FL | $28,649,785 | $3,293,113 |
St Simons Land Trust St Simons Island, GA | $65,751,426 | $5,906,971 |
Pigeon Key Foundation Marathon, FL | $2,736,729 | $1,317,780 |