Civic Intelligence

Waterfront Rescue Mission

EIN 31-1480651 • 501(c)3 • Pensacola, FL

Profile

The foundation was created in order to provide support for the waterfront rescue mission, inc., and to assure preservation of the mission's assets and to meet other long-term financial needs of the mission.

PO Box 870Pensacola, FL 32591-0870

www.waterfrontmission.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

40th percentile

0.7%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

457%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,174,116

Up $56,880 (+5.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,174,116

Up $56,880 (+5.1%) from 2023

Revenue

Up

$54,133

Up $6,719 (+14%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Up

$54,133

Up $6,719 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $2,429,465Liabilities 2014: $408,576Net Assets 2014: $2,020,8892014Assets 2015: $1,993,891Liabilities 2015: $379,798Net Assets 2015: $1,614,0932015Assets 2016: $1,995,321Liabilities 2016: $381,197Net Assets 2016: $1,614,1242016Assets 2017: $2,673,632Liabilities 2017: $1,059,508Net Assets 2017: $1,614,1242017Assets 2018: $1,650,338Liabilities 2018: $36,214Net Assets 2018: $1,614,1242018Assets 2019: $1,353,348Liabilities 2019: $0Net Assets 2019: $1,353,3482019Assets 2020: $1,057,725Liabilities 2020: $0Net Assets 2020: $1,057,7252020Assets 2021: $1,059,035Liabilities 2021: $0Net Assets 2021: $1,059,0352021Assets 2022: $1,066,337Liabilities 2022: $0Net Assets 2022: $1,066,3372022Assets 2023: $1,117,236Liabilities 2023: $0Net Assets 2023: $1,117,2362023Assets 2024: $1,174,116Liabilities 2024: $0Net Assets 2024: $1,174,1162024

Highlighted filing

2024

Assets$1,174,116
Liabilities$0
Net Assets$1,174,116

Operations Trend

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

$500K$0-$500KRevenue 2014: $69,293Expenses 2014: $227,272Net Income 2014: -$157,9792014Revenue 2015: $2,812Expenses 2015: $409,608Net Income 2015: -$406,7962015Revenue 2016: $31Expenses 2016: $0Net Income 2016: $312016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $3,009Expenses 2019: $263,785Net Income 2019: -$260,7762019Revenue 2020: $4,377Expenses 2020: $300,000Net Income 2020: -$295,6232020Revenue 2021: $1,310Expenses 2021: $0Net Income 2021: $1,3102021Revenue 2022: $7,302Expenses 2022: $0Net Income 2022: $7,3022022Revenue 2023: $47,414Expenses 2023: $0Net Income 2023: $47,4142023Revenue 2024: $54,133Expenses 2024: $0Net Income 2024: $54,1332024

Highlighted filing

2024

Revenue$54,133
Expenses$0
Net Income$54,133

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 4, 2025
Return Version
2024v5.0
Gross Receipts
$54,133
Mission and Program Overview

Mission

The foundation was created in order to provide support for the waterfront rescue mission, inc., and to assure preservation of the mission's assets and to meet other long-term financial needs of the mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$763,907$803,264▲ $39,357
Savings and Temporary Cash Investments$353,329$343,118▼ $10,211
Total Assets$1,117,236$1,174,116▲ $56,880
Other Assets Total-$27,734-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,117,236$1,174,116▲ $56,880
Total Net Assets Fund Balance$1,117,236$1,174,116▲ $56,880
Total Liabilities and Net Assets / Fund Balance$1,117,236$1,174,116▲ $56,880

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$803,264--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Andrew BrantleyVP of Financ$90,000$90,000

Board Members and Trustees

NameTitle
Will ScottChairman
Clay RomanoPresident
Dekendell YoungVice Chairma
Aaron MccurdyBoard Member
Matthew PorterBoard Member
Pastor Lonnie WesleyBoard Member
Phillip L WrightBoard Member
Ray MilletBoard Member
Jerry MaygardenDevelopment
Lonnie SmithMinistry Lia
Joy PowellSecretary
Eric BostwickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$54,133
Other Revenue
$0
Change in Net Assets
$54,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to filing form 990, the vp of finance presents a draft copy prepared by the mission's accounting firm to the board of directors for their approval. After the board approves the draft, the accounting firm finalizes the form and gives it to the vp of finance for signature and filing.

Form 990, Page 6, Part VI, Line 12C

Governing board members sign an agreement acknowledging and understanding their responsibility to comply with the written conflict of interest policy and to disclose any actual or possible conflict of interest. At the annual meeting, board members are required to sign the conflict of interest acknowledgement form, if a conflict of interest exists, the board will review and evaluate the information about the transaction or arrangement. If the conflict is acceptable, then the board member continues to serve but is required to recuse himself and refrain from voting on any transactions or services being considered. Furthermore, the member agrees that failure to disclose actual or possible conflicts will result in a disciplinary action or dismissal from the board.

Form 990, Page 6, Part VI, Line 15A

The compensation provided to the waterfront rescue mission, inc.'s (ein 59-0838106)top level management is based on what is fair, reasonable, and consistent with compensation paid in the relevant markets. Base salaries are benchmarked against the median as follows: executive level positions - national rescue missions management and professional positions - non-profit organizations regionally administrative and technical positions - general industry local the waterfront rescue mission foundation (ein 31-1480651) has no employees of its own.

Form 990, Page 6, Part VI, Line 15B

Lower level positions, such as administrative and technical jobs, are paid at the median that is being paid for similar jobs in the local general industry. All employees' salaries and salary ranges are reviewed annually and may be increased if warranted by the employees' performance and the mission's ability to pay.

Form 990, Page 6, Part VI, Line 19

Upon receipt of a request for this information, management verifies the identity of the requester, and then mails or e-mails the information to them. Management plans to develop a written policy, and may make the financial statements and the form 990 available on the mission's website.

Filing and Contact Details

Filer

Filer Name
Waterfront Rescue Mission
EIN
31-1480651
Phone
8504784027
Address
PO BOX 870, PENSACOLA, FL 32591-0870

Signing Officer

Name
Clay Romano
Title
President
Phone
8504384027
Signed
2025-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clay Romano
Formed
1995
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Brown Thornton Pacenta & Company Pa
Address
PO BOX 12484, PENSACOLA, FL 32591
Preparer
Michael D Thornton
Phone
8504343146
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING FORM 990, THE VP OF FINANCE PRESENTS A DRAFT COPY PREPARED BY THE MISSION'S ACCOUNTING FIRM TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. AFTER THE BOARD APPROVES THE DRAFT, THE ACCOUNTING FIRM FINALIZES THE FORM AND GIVES IT TO THE VP OF FINANCE FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BOARD MEMBERS SIGN AN AGREEMENT ACKNOWLEDGING AND UNDERSTANDING THEIR RESPONSIBILITY TO COMPLY WITH THE WRITTEN CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AT THE ANNUAL MEETING, BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST ACKNOWLEDGEMENT FORM, IF A CONFLICT OF INTEREST EXISTS, THE BOARD WILL REVIEW AND EVALUATE THE INFORMATION ABOUT THE TRANSACTION OR ARRANGEMENT. IF THE CONFLICT IS ACCEPTABLE, THEN THE BOARD MEMBER CONTINUES TO SERVE BUT IS REQUIRED TO RECUSE HIMSELF AND REFRAIN FROM VOTING ON ANY TRANSACTIONS OR SERVICES BEING CONSIDERED. FURTHERMORE, THE MEMBER AGREES THAT FAILURE TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS WILL RESULT IN A DISCIPLINARY ACTION OR DISMISSAL FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION PROVIDED TO THE WATERFRONT RESCUE MISSION, INC.'S (EIN 59-0838106)TOP LEVEL MANAGEMENT IS BASED ON WHAT IS FAIR, REASONABLE, AND CONSISTENT WITH COMPENSATION PAID IN THE RELEVANT MARKETS. BASE SALARIES ARE BENCHMARKED AGAINST THE MEDIAN AS FOLLOWS: EXECUTIVE LEVEL POSITIONS - NATIONAL RESCUE MISSIONS MANAGEMENT AND PROFESSIONAL POSITIONS - NON-PROFIT ORGANIZATIONS REGIONALLY ADMINISTRATIVE AND TECHNICAL POSITIONS - GENERAL INDUSTRY LOCAL THE WATERFRONT RESCUE MISSION FOUNDATION (EIN 31-1480651) HAS NO EMPLOYEES OF ITS OWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOWER LEVEL POSITIONS, SUCH AS ADMINISTRATIVE AND TECHNICAL JOBS, ARE PAID AT THE MEDIAN THAT IS BEING PAID FOR SIMILAR JOBS IN THE LOCAL GENERAL INDUSTRY. ALL EMPLOYEES' SALARIES AND SALARY RANGES ARE REVIEWED ANNUALLY AND MAY BE INCREASED IF WARRANTED BY THE EMPLOYEES' PERFORMANCE AND THE MISSION'S ABILITY TO PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON RECEIPT OF A REQUEST FOR THIS INFORMATION, MANAGEMENT VERIFIES THE IDENTITY OF THE REQUESTER, AND THEN MAILS OR E-MAILS THE INFORMATION TO THEM. MANAGEMENT PLANS TO DEVELOP A WRITTEN POLICY, AND MAY MAKE THE FINANCIAL STATEMENTS AND THE FORM 990 AVAILABLE ON THE MISSION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt00
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IRS990/TotalOtherCompensationAmt031560
IRS990/TotalRevenueGrp/ExclusionAmt054133
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054133
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01117236
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IRS990/WebsiteAddressTxt0WWW.WATERFRONTMISSION.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAY ROMANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08504384027
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERFRONT RESCUE MISSION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WATE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN THORNTON PACENTA & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12484
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ReturnHeader/PreparerPersonGrp/PhoneNum08504343146
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL D THORNTON
ReturnHeader/ReturnTs02025-05-06T17:46:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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