Civic Intelligence

Bahamas Education Culture And

EIN 20-0419036 • 501(c)3 • Punta Gorda, FL

Profile

The purposes for which this corporation was formed is to operate for the advancement of education, research and artistic expression, and for other charitable purposes by the distribution of its funds for those purposes, and particularly for support of higher education and academic programs, scientific and and environmental research projects, lecture series and cultural exchanges.

24031 Buckingham WayPunta Gorda, FL 33980

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

9th percentile

-107%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-98%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

98%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,792

Down $74,868 (-98%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$1,792

Down $74,868 (-98%) from 2021

Revenue

Up

$69,774

Up $34,460 (+98%) from 2021

Expenses

Up

$144,643

Up $17,436 (+14%) from 2021

Net Income

Up

-$74,869

Up $17,024 (+19%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2018: $102,929Liabilities 2018: $02018Assets 2019: $135,496Liabilities 2019: $0Net Assets 2019: $135,4962019Assets 2020: $168,554Liabilities 2020: $0Net Assets 2020: $168,5542020Assets 2021: $76,660Net Assets 2021: $76,6602021Assets 2022: $1,792Net Assets 2022: $1,7922022

Highlighted filing

2022

Assets$1,792
Liabilities-
Net Assets$1,792

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $73,146Expenses 2018: $30,865Net Income 2018: $42,2812018Revenue 2019: $274,869Expenses 2019: $242,300Net Income 2019: $32,5692019Revenue 2020: $587,004Expenses 2020: $553,946Net Income 2020: $33,0582020Revenue 2021: $35,314Expenses 2021: $127,207Net Income 2021: -$91,8932021Revenue 2022: $69,774Expenses 2022: $144,643Net Income 2022: -$74,8692022

Highlighted filing

2022

Revenue$69,774
Expenses$144,643
Net Income-$74,869

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 28, 2023
Return Version
2022v5.0
Gross Receipts
$69,774
Mission and Program Overview

Mission

The purposes for which this corporation was formed is to operate for the advancement of education, research and artistic expression, and for other charitable purposes by the distribution of its funds for those purposes, and particularly for support of higher education and academic programs, scientific and and environmental research projects, lecture series and cultural exchanges.

Program Services

DescriptionGrantsExpenses
OTHER EDUCATION PURPOSES$64,535$64,535
TO SET UP A LEARNING CENTER$60,000$60,000
STUDENT SCHOLARSHIPS$13,500$13,500
SCHOLARSHIP GRANT$2,912$2,912
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBORAH GERACE WEEKSPresidentPT$0--
KATHY GERACESecretary TrPT$0--
JULIE ANNE GERACEDirector-$0--
HENRY GIVENSDirector-$0--
FRANK MINAYADirector-$0--
Filing and Contact Details

Filer

Filer Name
Bahamas Education Culture and
EIN
20-0419036
Phone
9045443800
Address
24031 BUCKINGHAM WAY, PUNTA GORDA, FL 33980

Signing Officer

Name
Kathy Gerace
Title
Secretary Treasurer
Phone
9045443800
Signed
2023-09-28
Discuss with paid preparer
Yes

Preparer

Firm
Koch & Company CPA Pa
Address
252 W OLYMPIA AVE, PUNTA GORDA, FL 33950-4857
Preparer
Rexford R Koch CPA
Phone
9416370544
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: lmj maritime academy address: lmj maritime academy cash contribution: 60,000 name: gerace research center address: gerace research center cash contribution: 13,500 name: perry gnivecki memoriall fund address: perry gnivecki memorial fund cash contribution: 7,500 name: grc lindsay family grant address: grc lindsay family grant cash contribution: 54,035

Form 990-ez, Part I, Line 16

Expenses business registration fee 61 bank service charges 235 total 296

Form 990-ez, Part III

The purposes for which this corporation was formed is to operate for the advancement of education, research and artistic expression, and for other charitable purposes by the distribution of its funds for those purposes, and particularly for support of higher education and academic programs, scientific and and environmental research projects, lecture series and cultural exchanges.

Form 990-ez, Part III, Line 31

OTHER EDUCATION PURPOSES

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0296
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSES FOR WHICH THIS CORPORATION WAS FORMED IS TO OPERATE FOR THE ADVANCEMENT OF EDUCATION, RESEARCH AND ARTISTIC EXPRESSION, AND FOR OTHER CHARITABLE PURPOSES BY THE DISTRIBUTION OF ITS FUNDS FOR THOSE PURPOSES, AND PARTICULARLY FOR SUPPORT OF HIGHER EDUCATION AND ACADEMIC PROGRAMS, SCIENTIFIC AND AND ENVIRONMENTAL RESEARCH PROJECTS, LECTURE SERIES AND CULTURAL EXCHANGES.
IRS990EZ/ProgramServiceRevenueAmt069773
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO SET UP A LEARNING CENTER
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1STUDENT SCHOLARSHIPS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2SCHOLARSHIP GRANT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3OTHER EDUCATION PURPOSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd1X
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd2X
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd3X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt060000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt113500
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt22912
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt364535
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt060000
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22912
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt364535
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0144643
IRS990EZ/TotalProgramServiceExpensesAmt0140947
IRS990EZ/TotalRevenueAmt069774
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035306
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0274857
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt069773
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IRS990ScheduleA/Total509Grp/TotalAmt01040076
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01040150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: LMJ MARITIME ACADEMY ADDRESS: LMJ MARITIME ACADEMY CASH CONTRIBUTION: 60,000 NAME: GERACE RESEARCH CENTER ADDRESS: GERACE RESEARCH CENTER CASH CONTRIBUTION: 13,500 NAME: PERRY GNIVECKI MEMORIALL FUND ADDRESS: PERRY GNIVECKI MEMORIAL FUND CASH CONTRIBUTION: 7,500 NAME: GRC LINDSAY FAMILY GRANT ADDRESS: GRC LINDSAY FAMILY GRANT CASH CONTRIBUTION: 54,035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES BUSINESS REGISTRATION FEE 61 BANK SERVICE CHARGES 235 TOTAL 296
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSES FOR WHICH THIS CORPORATION WAS FORMED IS TO OPERATE FOR THE ADVANCEMENT OF EDUCATION, RESEARCH AND ARTISTIC EXPRESSION, AND FOR OTHER CHARITABLE PURPOSES BY THE DISTRIBUTION OF ITS FUNDS FOR THOSE PURPOSES, AND PARTICULARLY FOR SUPPORT OF HIGHER EDUCATION AND ACADEMIC PROGRAMS, SCIENTIFIC AND AND ENVIRONMENTAL RESEARCH PROJECTS, LECTURE SERIES AND CULTURAL EXCHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EDUCATION PURPOSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY GERACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09045443800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAHAMAS EDUCATION CULTURE AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCIENCE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BAHA
ReturnHeader/Filer/EIN0200419036
ReturnHeader/Filer/PhoneNum09045443800
ReturnHeader/Filer/USAddress/AddressLine1Txt024031 BUCKINGHAM WAY
ReturnHeader/Filer/USAddress/CityNm0PUNTA GORDA
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650596195
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOCH & COMPANY CPA PA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PUNTA GORDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum09416370544
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REXFORD R KOCH CPA
ReturnHeader/ReturnTs02023-09-28T11:51:19-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GERACE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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