William R Gaines Jr Veteran Memoria L Fund Inc
- Assets
- $679.6k
- Revenue
- $119.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Port Charlotte, FL
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-5393249
Organization Overview
William R Gaines Jr Veteran Memoria L Fund Inc is located in Port Charlotte, FL. The organization was established in 2017. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William R Gaines Jr Veteran Memoria L Fund 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, William R Gaines Jr Veteran Memoria L Fund Inc generated $119.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2022. 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
THE WILLIAM R. GAINES JR. VETERAN MEMORIAL FUND WAS ESTABLISHED TO HONOR THE SACRIFICE OF WILLIAM R. GAINES JR. AS WELL AS OTHER VETERANS AND FIRST RESPONDERS. WILLAIM R. GAINES, JR., MADE THE ULTIMATE SACRIFICE FOR HIS COUNTRY. HE WAS KILLED IN THE ATTACK ON THE AMERICAN MARINE BARRACKS IN BEIRUT, LEBANON ON OCTOBER 23, 1983.THE FUND IS CURRENTLY WORKING WITH VARIOUS CHARLOTTE COUNTY BASED ORGANIZATIONS TO REFURBISH AND IMPROVE A COUNTY PARK. THE PARK HAS BEEN RENAMED THE WILLIAM R. GAINES JR. VETERAN MEMORIAL PARK. NEW SIGNAGE, INCLUDING NEW PAVING, WAS INSTALLED DURING 2018. DURING 2019, THE FUND INSTALLED A NEW FLAGPOLE IN THE PARK. UPON COMPLETION, BOTH OF THESE IMPROVEMENTS WERE DONATED TO CHARLOTTE COUNTY. THE FUND IS CONTINUING ITS WORK ON DESIGNING AND BUILDILNG A MEMORIAL TOWER IN THE PARK. THIS TOWER WILL ALSO BE CONTRIBUTED TO CHARLOTTE COUNTY UPON ITS COMPLETION. DURING 2020, THE FUND DECIDED TO CONSTRUCT TWO ADDITIONAL MEMORIALS IN THE PARK - ONE TO HONOR ALL WHO SERVED I
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST RESPONDERS MEMORIAL - RECEIPT OF RELATED CONTIBUTIONS, CONSTRUCTION OF MEMEORIAL AND DONATION OF COMPLETED MEMORIAL TO CHARLOTTE COUNTY.
MILITARY MEMORIAL - RECEIPT OF RELATED CONTIBUTIONS, CONSTRUCTION OF MEMEORIAL AND DONATION OF COMPLETED MEMORIAL TO CHARLOTTE COUNTY.
CONSTRUCTION OF ADA COMPLIANT KAYAK LAUNCH PLATFORM - HELD THE THIRD ANNUAL 5K FREEDOM RUN IN 12/2022 TO RAISE FUNDS TO CONSTRUCT THE LAUNCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Gaines Chairman | OfficerTrustee | 10 | $0 |
Thurnell Shields Director | Trustee | 0 | $0 |
Laura C Dove Director | Trustee | 0 | $0 |
Ken Wint Director | Trustee | 0 | $0 |
Jeff Mosher Director | Trustee | 2 | $0 |
Stephen R Deutsch Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,571 |
| Total Program Service Revenue | $0 |
| Investment income | $6,904 |
| 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 | $119,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,528 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,078 |
| Fees for services: Other | $0 |
| Advertising and promotion | $373 |
| Office expenses | $297 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $452 |
| All other expenses | $0 |
| Total functional expenses | $108,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,189 |
| 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 | $168 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $371,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,739 |
| Total assets | $679,578 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $679,578 |
| Total liabilities and net assets/fund balances | $679,578 |