Moorings Park Institute Incorporated
- Assets
- $133.2m
- Revenue
- $11.3m
- Investments
- $132.3m
- Employees
- 68
- Location
- Naples, FL
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 65-1232040
Organization Overview
Moorings Park Institute Incorporated is located in Naples, FL. The organization was established in 2006. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Moorings Park Institute Incorporated employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moorings Park Institute Incorporated 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 12/2023, Moorings Park Institute Incorporated generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $11.3m during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SIMPLY THE BEST FACILITIES AND SERVICES FOR SUCCESSFUL AGING WITH PROFESSIONAL AND COMPASSIONATE CARE TO EACH PERSON WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGEMENT SERVICES TO ADVANCE, PROMOTE AND SUPPORT THE EXEMPT PURPOSES OF THE MOORINGS, INCORPORATED, MOORINGS PARK COMMUNITY HEALTH, INCORPORATED, MOORINGS PARK HEALTHY LIVING, INCORPORATED, MOORINGS PARK FOUNDATION, INC. AND RIVERSIDE AT MOORINGS PARK, INCORPORATED, ALL TAX-EXEMPT ORGANIZATIONS, WHICH PROVIDE A LIFE CARE RETIREMENT COMMUNITY DESIGNED TO ACCOMODATE PERSONS 62 YEARS OF AGE OR OLDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lavender President/chief Executive Officer | OfficerTrustee | 40 | $616,495 |
Ross Dickmann Chief Operating Officer | Officer | 40 | $381,276 |
Mary Morton CPA Chief Financial Officer | Officer | 40 | $334,744 |
Thomas Mann Vice President Sales And Marketing | 40 | $338,424 | |
Diana L Bailey Vice President Of Clinical Services | 40 | $226,760 | |
Randy Powell Executive Director - Facilities | 40 | $220,309 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Konica Minolta Business Solutions It Services | 12/30/23 | $2,096,538 |
Korn Ferry Consulting Services | 12/30/23 | $221,071 |
Cliftonlarsonallen Llp Consulting Services | 12/30/23 | $150,360 |
Baldwin Krystyn Sherman Brokerage Services | 12/30/23 | $102,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,127 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,127 |
| Total Program Service Revenue | $11,269,942 |
| Investment income | $3,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,312,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $1,405,506 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,896,112 |
| Pension plan accruals and contributions | $180,138 |
| Other employee benefits | $444,239 |
| Payroll taxes | $317,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,639 |
| Fees for services: Accounting | $148,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,804,444 |
| Advertising and promotion | $6,990 |
| Office expenses | $5,933 |
| Information technology | $1,171,201 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $186,967 |
| Total functional expenses | $11,344,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,904 |
| Savings and temporary cash investments | $0 |
| 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 | $449,090 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $233,813 |
| Investments—other securities | $132,318,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,627 |
| Total assets | $133,208,682 |
| Accounts payable and accrued expenses | $690,434 |
| 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 | $200,000 |
| Total liabilities | $890,434 |
| Net assets without donor restrictions | $129,485,320 |
| Net assets with donor restrictions | $2,832,928 |
| 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 | $133,208,682 |
Grants Awarded
Over the last fiscal year, Moorings Park Institute Incorporated has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA GULF COAST UNIVERSITY FOUNDATION INC PURPOSE: ACCOUNTING SCHOLARS OF THE FUTURE WORKSHOP | $5,000 |
NAPLES ZOO INC PURPOSE: SUPPORT ANIMAL CARE, EDUCATION PROGRAMS AND WILDLIFE CONSERVATION | $5,000 |