Florida Keys Land & Sea Trust Inc
- Assets
- $2.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Marathon, FL
- Founding
- 02/1979
- Data as of
- 09/2022
- EIN
- 59-1867599
Organization Overview
Florida Keys Land & Sea Trust Inc is located in Marathon, FL. The organization was established in 1979. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 09/2022, Florida Keys Land & Sea Trust Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Keys Land & Sea Trust 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 09/2022, Florida Keys Land & Sea Trust Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 18.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FLORIDA KEYS LAND & SEA TRUST WAS ESTABLISHED TO PRESERVE THE NATURAL ENVIRONMENT OF THE FLORIDA KEYS AND TO ENCOURAGE AND SPONSOR PUBLIC PARTICIPATION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS DESIGNATED TO PRESERVE THE UNIQUE HABITAT OF THE FLORIDA KEYS AND FOSTER PUBLIC PARTICIPATION AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Smith Treasurer | OfficerTrustee | $0 | |
Brian Schmitt Vice Chair | OfficerTrustee | $0 | |
George Garrett Chairman | OfficerTrustee | $0 | |
Julie Cheon Director | Trustee | $0 | |
Marlisa Garrett Director | Trustee | $0 | |
Kate Deloach Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,828 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $707,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $91 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,202 |
| Total Program Service Revenue | $466,300 |
| Investment income | $0 |
| 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 | $1,398,767 |
| 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 | $163,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,290 |
| Payroll taxes | $33,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,889 |
| Advertising and promotion | $10,961 |
| Office expenses | $10,832 |
| 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 | $1,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,282 |
| All other expenses | $98,939 |
| Total functional expenses | $1,248,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,393 |
| Savings and temporary cash investments | $550 |
| 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 | $91,972 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,135,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,532 |
| Total assets | $2,895,043 |
| Accounts payable and accrued expenses | $1,007 |
| Grants payable | $400,000 |
| 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 | $286,347 |
| Other liabilities | $2,640 |
| Total liabilities | $689,994 |
| Net assets without donor restrictions | $2,205,049 |
| 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 | $2,895,043 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Florida Keys Land & Sea Trust Inc has recieved totaling $15,791.
| Awarding Organization | Amount |
|---|---|
The Sexton Family Foundation Vero Beach, FL PURPOSE: CHARITABLE CONTRIBUTION - PRESERVE THE NATURAL ENVIRONMENT OF THE FLORIDA KEYS AND TO ENCOURAGE AND SPONSOR PUBLIC PARTICIPATION AND EDUCATION. | $10,000 |
Harry W And Jo-Ann D Wallace Foundation So Burlington, VT PURPOSE: SUPPORT | $5,000 |
The Brookby Foundation Milwaukee, WI PURPOSE: GENERAL SUPPORT | $700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kenneth Kirchman Foundation Inc Saint Cloud, FL | $167,300,006 | $1,378,162 |
Athens Land Trust Inc Athens, GA | $9,139,569 | $3,608,954 |
Atlantic Coast Conservancy Inc Jasper, GA | $116,932,438 | $4,648,270 |
Georgia-Alabama Land Trust Inc Piedmont, AL | $54,818,937 | $4,132,358 |
North Florida Land Trust Inc Jacksonville, FL | $17,924,673 | $2,506,149 |
Alachua Conservation Trust Incorporated Gainesville, FL | $33,442,340 | $6,368,662 |
Carpet America Recovery Effort Care Inc Dalton, GA | $734,036 | $2,851,566 |
Florida Keys Land & Sea Trust Inc Marathon, FL | $2,895,043 | $1,398,767 |
Orlando Land Trust Inc Orlando, FL | $228,543 | $559,563 |
Indian River Land Tr Inc Vero Beach, FL | $28,649,785 | $3,293,113 |
St Simons Land Trust St Simons Island, GA | $65,751,426 | $5,906,971 |
Pigeon Key Foundation Marathon, FL | $2,736,729 | $1,317,780 |