2701 Australian Lc
- Assets
- $3.5m
- Revenue
- $245.4k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 86-1168310
Organization Overview
2701 Australian Lc is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. 2701 Australian Lc 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 12/2021, 2701 Australian Lc generated $245.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $340.9k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEETING SPACE FOR NONPROFIT ORGANIZATIONS AT NO COST
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 |
|---|---|---|---|
Joe J Paskoski III Chief Financial Officer | 10 | $0 | |
Eric Kelly Manager | 5 | $0 | |
Willie L Blythwood Jr Manager | 5 | $0 | |
Harold Wimmer Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $245,401 |
| Total Revenue | $245,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $221,280 |
| Occupancy | $116,196 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,632 |
| Total operating and administrative expenses | $340,858 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $340,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,605 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $26,160 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,474,690 |
| Other assets | $23,714 |
| Total assets | $3,539,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Legacy Foundation Inc Alpharetta, GA | $14,855,718 | $2,174,948 |
Kiphart Family Foundation Key Largo, FL | $1,179,809 | $333,177 |
Florida Education Foundation Tallahassee, FL | $8,106,190 | $1,769,719 |
2701 Australian Lc West Palm Beach, FL | $3,539,169 | $245,407 |
George And Ann Swift Family Foundation Inc Columbus, GA | $3,389,376 | $55,861 |
S Margaret Gallagher Foundation Venice, FL | $4,669,581 | $105,826 |
Rosenfield & Glassman Foundation Inc Coral Gables, FL | $2,123,441 | $68,797 |
Baralty Fido Charitable Foundation Inc Miami, FL | $1,564,987 | $47,245 |
Taste Of Coral Springs Coral Springs, FL | $97 | $0 |
Guy K And Katharine I Mitchell Foundation Bessemer, AL | $10,376 | $1 |
6 10 Opportunity Foundation Vestavia, AL | $364,328 | $99,941 |
Family Haven Foundation Corporation Fort Myers, FL | $326,310 | $36,615 |