Friends Of Exuma
- Assets
- $422.3k
- Revenue
- $315.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Erlanger, KY
- Founding
- Data as of
- 12/2023
- EIN
- 85-3011462
Organization Overview
Friends Of Exuma is located in Erlanger, KY. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Exuma 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, Friends Of Exuma generated $315.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $919.9k during the year ending 12/2023. 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 SERVE THE PEOPLE & THE ECOSYSTEM OF EXUMA & FACILITATE FUNDING & ORGANIZATION AROUND PROGRAMS & INITIATIVES THAT WILL ALLOW FOR EXUMA TO GROW IN A HEALTHY & SUSTAINABLE MANNER AS IT ALLOWS EXUMIANS TO ACHIEVE A BETTER QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF EXUMA HELPS SUPPORT TWO PRIMARY BAHAMIAN NON-PROFIT ORGANIZATIONS, THE ELIZABETH HARBOR CONSERVATION PARTNERSHIP AND THE BAHAMIAN NATIONAL TRUST. THEIR COLLABORATIVE MISSION IS TO HELP CONSERVE THE NATURAL BEAUTY, ECOLOGICAL INTEGRITY, CULTURAL HERITAGE , AND SAFETY OF ELIZABETH HARBOR; AS WELL AS DEVELOP THE NEW MARIAH HARBOR CAY NATIONAL PARK. THE PRIMARY GOAL IS TO SUPPORT THE SUSTAINABLE DEVELOPMENT OF THE WATERS AND COASTLINE OF ELIZABETH HARBOR WHILE ENHANCING TOURISM, FISHERIES, AND RECREATIONAL USE OF THIS IMPORTANT NATIONAL RESOURCE.
NINE ADDITIONAL PROGRAMS-REFER TO SCHEDULE F
THE EXUMA SAILING CLUB IS AN AFTER SCHOOL AND WEEKEND SAILING PROGRAM THAT SERVES APPROXIMATELY 35 TEENAGE BOYS BETWEEN THE AGES OF 10 AND 18. THE PROGRAM INCLUDES WEEKLY ON WATER SAILING CLINICS AS WELL AS PARTICIPATION IN SEVERAL SAILING REGATTAS THROUGHOUT THE BAHAMAS. OUR CONTRIBUTIONS WERE USED FOR REPAIR AND MAINTENANCE OF THE CLUB'S SAILBOAT FLEET AS WELL AS A MONTHLY STIPEND FOR THE CLUB'S DIRECTOR. THE EXUMA SAILING CLUB IS A WELL ESTABLISHED ORGANIZATION FOUNDED BY DALLAS KNOWLES IN 2013.
THE L.N. COAKLEY HIGH SCHOOL MAINTAINS AN AGRICULTURAL FARM PROGRAM AND HAS A SCHOOL FARM FACILITY FOR TEACHING PRACTICAL SKILLS THAT EMPHASIZE INNOVATIVE CLIMATE-SMART/SUSTAINABLE GROWING METHODS AND TECHNOLOGIES. WITH THE SUPPORT OF FRIENDS OF EXUMA, THE PROGRAM IS HELPING TO: 1.) RENOVATE EXISTING SHADE HOUSES, INCLUDING NEW BRACING AND PROTECTIVE FENCING UTILIZING MORE DURABLE MATERIALS; 2.) INSTALL FOUR NEW SHADE HOUSES THAT CAN BE USED FOR CROP PRODUCTION AND/OR CHICKENS. 3.) UPGRADE THE WATER SYSTEM TO INCLUDE A PRESSURE PUMP AND ADDITIONAL WATER STORAGE. CONSTRUCT A COMPOSTING SYSTEM TO REDUCE DEPENDENCY ON OUTSIDE INPUTS FOR BUILDING SOIL FERTILITY IN RAISED BEDS. 5.) CREATE AN OVERALL FARM DESIGN FOR CONTINUED EXPANSION AND DEVELOPMENT. 6.) ESTABLISH AN ONGOING MAINTENANCE PROGRAM THAT ENGAGES YOUNG FARMERS FROM THE COMMUNITY IN ACTIVITIES ON THE FARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Coughlin President | OfficerTrustee | 10 | $0 |
Beverly Bringner Secretary | OfficerTrustee | 10 | $0 |
William P Sanford Jr Treasurer | OfficerTrustee | 10 | $0 |
Christian M Joest Board Member | Trustee | 5 | $0 |
Kelly Tattersall Board Member | 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 | $282,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,170 |
| Total Program Service Revenue | $0 |
| Investment income | $32,932 |
| 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 | $315,102 |
| 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 | $911,345 |
| 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 | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,559 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $694 |
| Total functional expenses | $919,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,312 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $422,312 |
| 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 | $235,212 |
| Net assets with donor restrictions | $187,100 |
| 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 | $422,312 |