South Gate Community Association Inc
- Assets
- $268.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 59-0864549
Organization Overview
South Gate Community Association Inc is located in Sarasota, FL. The organization was established in 1964. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Gate Community Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, South Gate Community Association Inc generated $147.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $130.1k during the year ending 12/2023. While expenses have increased by 1.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RENTAL OF ASSOCIATION FACILITIES FOR BUSINESS, CIVIC, EDUCATIONAL, RECREATIONAL, RELIGIOUS, SOCIAL AND GENERAL ACTIVITIES OF THE ASSOCIATION MEMBERS AND THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen O' Hara President | 0 | $0 | |
Lisa Sermania Secretary | 0 | $0 | |
Marian Hancock Vice Preside | 0 | $0 | |
Steve Lewis Treasurer | 0 | $0 | |
Andrew Bowen Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,243 |
| Total Program Service Revenue | $97,411 |
| Membership dues | $35,595 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,249 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,000 |
| Professional fees and other payments to independent contractors | $55,991 |
| Occupancy, rent, utilities, and maintenance | $15,040 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,066 |
| Total expenses | $130,097 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,076 |
| Other assets | $0 |
| Total assets | $268,772 |
| Total liabilities | $50,731 |
| Net assets or fund balances | $218,041 |