Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $803,264 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Andrew Brantley | VP of Financ | $90,000 | $90,000 |
| Name | Title |
|---|---|
| Will Scott | Chairman |
| Clay Romano | President |
| Dekendell Young | Vice Chairma |
| Aaron Mccurdy | Board Member |
| Matthew Porter | Board Member |
| Pastor Lonnie Wesley | Board Member |
| Phillip L Wright | Board Member |
| Ray Millet | Board Member |
| Jerry Maygarden | Development |
| Lonnie Smith | Ministry Lia |
| Joy Powell | Secretary |
| Eric Bostwick | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $0 |
| Other Expenses | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“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.”
“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.”
“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.”
“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.”
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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|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | 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. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/ReturnTs | 0 | 2025-05-06T17:46:47-04:00 |
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