Old Island Restoration Foundation Inc
- Assets
- $400.7k
- Revenue
- $254.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Key West, FL
- Founding
- 08/1977
- Data as of
- 09/2021
- EIN
- 59-1007915
Organization Overview
Old Island Restoration Foundation Inc is located in Key West, FL. The organization was established in 1977. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Old Island Restoration Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Island Restoration 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 09/2021, Old Island Restoration Foundation Inc generated $254.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $292.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Old Island Restoration Foundation Inc has awarded 13 individual grants totaling $113,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION & MAINTENANCE OF THE OLDEST HOUSE MUSEUM LOCATED ON DUVAL STREET, KEY WEST, FLORIDA.
Describe the Organization's Program Activity:
OPERATION & MAINTENANCE OF THE OLDEST HOUSE MUSEUM LOCATED ON DUVAL STREET, KEY WEST, FLORIDA
PROMOTE THE PRESERVATION OF HISTORIC BUILDINGS IN KEY WEST AND THE FLORIDA KEYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Swann Treasurer | OfficerTrustee | 1 | $0 |
Everett Watkins Vice President | OfficerTrustee | 1 | $0 |
Kristi Ann Secretary | OfficerTrustee | 1 | $0 |
Nance Frank President | OfficerTrustee | 1 | $0 |
Doug Conlan Director | Trustee | 1 | $0 |
Martin Liz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,772 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,251 |
| Total Program Service Revenue | $43,693 |
| Investment income | $19,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,138 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $927 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,191 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,859 |
| 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 | $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 | $126,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,700 |
| Advertising and promotion | $19,747 |
| Office expenses | $572 |
| 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 | $19,044 |
| Insurance | $13,676 |
| All other expenses | $17,368 |
| Total functional expenses | $292,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,328 |
| Savings and temporary cash investments | $10,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,701 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $179,115 |
| Investments—publicly traded securities | $3,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $400,650 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| 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 | $2,801 |
| Total liabilities | $7,801 |
| Net assets without donor restrictions | $392,849 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $400,650 |
Grants Awarded
Over the last fiscal year, Old Island Restoration Foundation Inc has awarded $28,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION POST 168 | | | $8,300 |
AMERICAN LEGION POST 168 | | | $8,300 |
Key West, FL | | $5,750 |
Key West, FL | | $5,750 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Old Island Restoration Foundation Inc has recieved totaling $106,000.
| Awarding Organization | Amount |
|---|---|
Goode Family Foundation Norfolk, VA PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Holocaust Documentation & Education Center Inc Dania Beach, FL | $7,248,445 | $3,037,559 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Foundation Of Palm Beach Inc Palm Beach, FL | $27,182,699 | $14,785,747 |
Key West Art & Historical Society Inc Key West, FL | $3,638,372 | $2,771,144 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Historical Society Of Martin County Inc Stuart, FL | $13,078,765 | $1,282,990 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Brevard Regional Arts Groups Inc Melbourne, FL | $2,769,843 | $1,580,932 |