Civic Intelligence

Southwest Florida Military Museum & Library Inc

EIN 47-4992030 • 501(c)3 • Fort Myers, FL

Profile

The museum's mission is to collect, exhibit, preserve, interpret, and archive united states military history from the 18th through the 21st century. The library is integrated within the museum and has a collection of histroy reference texts, rare books and documents, history books, and periodicals for scholarly research and educational study available to the public.

4125 Cleveland Ave Ste 1755Fort Myers, FL 33901

www.swflmm.org

Siviq Scores

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

Liabilities / Assets

94th percentile

1.23x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

1.61x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

12th percentile

-65%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

86th percentile

$12,600

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

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

Asset Growth

29th percentile

-25%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

12th percentile

-72%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Down

$74,649

Down $25,009 (-25%) from 2021

Liabilities

Up

$92,026

Up $6,088 (+7.1%) from 2021

Net Assets

Down

-$17,377

Down $31,097 (-227%) from 2021

Revenue

Down

$57,296

Down $145,830 (-72%) from 2021

Expenses

Down

$94,753

Down $115,947 (-55%) from 2021

Net Income

Down

-$37,457

Down $29,883 (-395%) from 2021

Trend Graphs

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2017: $31,157Liabilities 2017: $9,333Net Assets 2017: $21,8242017Assets 2018: $137,941Liabilities 2018: $188,589Net Assets 2018: -$50,6482018Assets 2019: $27,890Liabilities 2019: $20,712Net Assets 2019: $7,1782019Assets 2020: $107,122Liabilities 2020: $85,828Net Assets 2020: $21,2942020Assets 2021: $99,658Liabilities 2021: $85,938Net Assets 2021: $13,7202021Assets 2022: $74,649Liabilities 2022: $92,026Net Assets 2022: -$17,3772022

Highlighted filing

2022

Assets$74,649
Liabilities$92,026
Net Assets-$17,377

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $42,309Expenses 2017: $20,485Net Income 2017: $21,8242017Revenue 2018: $227,327Expenses 2018: $309,132Net Income 2018: -$81,8052018Revenue 2019: $340,350Expenses 2019: $285,348Net Income 2019: $55,0022019Revenue 2020: $237,736Expenses 2020: $238,037Net Income 2020: -$3012020Revenue 2021: $203,126Expenses 2021: $210,700Net Income 2021: -$7,5742021Revenue 2022: $57,296Expenses 2022: $94,753Net Income 2022: -$37,4572022

Highlighted filing

2022

Revenue$57,296
Expenses$94,753
Net Income-$37,457

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 29, 2024
Return Version
2022v5.0
Gross Receipts
$71,557
Mission and Program Overview

Mission

The museum's mission is to collect, exhibit, preserve, interpret, and archive united states military history from the 18th through the 21st century. The library is integrated within the museum and has a collection of histroy reference texts, rare books and documents, history books, and periodicals for scholarly research and educational study available to the public.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,860$31,860→ $0
Other Notes and Loans Receivable, Net$19,800$19,800→ $0
Inventories for Sale or Use$8,132$15,871▲ $7,739
Cash and Non-Interest-Bearing Accounts$44,555$5,447▼ $39,108
Prepaid Expenses and Deferred Charges$1,671$1,671→ $0
Total Assets$106,018$74,649▼ $31,369
Liabilities
Unsecured Notes Loans Payable$84,800$84,800→ $0
Accounts Payable and Accrued Expenses-$6,950-
Other Liabilities$1,138$276▼ $862
Total Liabilities$85,938$92,026▲ $6,088
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,080$-17,377▼ $37,457
Total Net Assets Fund Balance$20,080$-17,377▼ $37,457
Total Liabilities and Net Assets / Fund Balance$106,018$74,649▼ $31,369

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,860-$31,860
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise WoodVP Aug - DecFT$12,600$12,600

Board Members and Trustees

NameTitle
Melissa LastraPresident Aug - Dec
Dianee BolandDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$32,327
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$24,969
All Other Contributions
$32,327
Change in Net Assets
$-37,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,821
Salaries, Compensation, and Employee Benefits$41,932
Total Fundraising Expense$275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$38,090
Occupancy$25,344--$25,344
Insurance-$10,364-$10,364
Advertising$4,530--$4,530
Payroll Taxes---$3,842
Fees for Services Other-$2,066-$2,066
Fees for Services Accounting-$1,400-$1,400
Office Expenses$710$390$275$1,375
Other Expenses$635$5,430-$635
Interest-$73-$73
Total Functional Expenses$32,823$19,723$275$94,753
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,222
Fundraising Direct Expenses$3,723
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$276
Sales Tax Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Organizations Process to Review Form 990. A copy of Form 990 is reviewed by the Treasurer and CEO for completeness and accuracy prior to filing.

Form 990, Part VI, Line 19

Governing Documents Disclousre Explanation Upon request

Filing and Contact Details

Filer

Filer Name
Southwest Florida Military Museum & Library Inc
EIN
47-4992030
Address
4125 CLEVELAND AVE STE 1755, Fort Myers, FL 33901

Signing Officer

Name
Melissa Lastra
Title
President
Signed
2024-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Lastra
Formed
2015
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
10
Volunteers
50

Preparer

Firm
A & J Accounting & Associates Inc
Address
PO Box 152166, Cape Coral, FL 33915
Preparer
Traci Barker
Phone
2398290481
Supplemental Narrative

Additional Explanations

Form 990, Part III, Section First Accomplishment, Line 4A

The Southwest Florida Military Museum Libraty began under the umbrella Invest in Americas Veterans Foundation Inc., which was formed and incorporated as an outreach to local veterans in February 2009. It first operated at a small storefront on Del Prado Blvd in Cape Coral, FL, before moving its headquarters into a 34,000-square foot facility on Leonard Street on Sept. 9, 2012. In November of 2020 the museum moved to the Edision Mall. The Museum was separately incorporated in 2015. The family-friendly, interactive enviroment features 60 fully dressed mannequins, allowing vistors to better understand the subject and period customs they are viewing. A number of the display stations have individual monitors and two stream videos are included. The history of Cape Corals Iwo Jima statue at Echo Park is presented in a 23 minute streaming video in the Michael Gemi Theater. The secon streaming video honors Capt. Daniel Eggers, a native of cape Coral and a Citadel graduate who was killed in Afghanistan. SW Florid Military Museum Library Inc. is dedicated to honoring our military, preserving and displaying military artifacts and memorabile while educating the public and future generations about our Nations military heritage. We strive to research and present as much United States military history as we can - with displays ranging from the revolutionary war through the Afghanistan conflict. All of our artifacts have been donated or loaned by the military government and very generous individuals. Our volunteers and directors have spent several thousands of hours over the last few years, collecting repairing and cleaning these military items to have them available for viewing to the general public. The southwest Florida Military Museum Library contains over four thousand eight hundred military nonfiction books, manuals, and yearbooks and an extensive collection of books on ships, airplanes, and vehicles and other military subjects. There is a special A1 Cook memorial book model airplan collection as well. A1 Cook was a veteran and author of many war books. There is a large collection of VHS tapes and DVDs pertaining to military history. A 37-star flag is displaed on the back wall of the library. Admission to the Museum is free.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Southwest Florida Military Museum Libraty began under the umbrella Invest in Americas Veterans Foundation Inc., which was formed and incorporated as an outreach to local veterans in February 2009. It first operated at a small storefront on Del Prado Blvd in Cape Coral, FL, before moving its headquarters into a 34,000-square foot facility on Leonard Street on Sept. 9, 2012. In November of 2020 the museum moved to the Edision Mall. The Museum was separately incorporated in 2015. The family-friendly, interactive enviroment features 60 fully dressed mannequins, allowing vistors to better understand the subject and period customs they are viewing. A number of the display stations have individual monitors and two stream videos are included. The history of Cape Corals Iwo Jima statue at Echo Park is presented in a 23 minute streaming video in the Michael Gemi Theater. The secon streaming video honors Capt. Daniel Eggers, a native of cape Coral and a Citadel graduate who was killed in Afghanistan. SW Florid Military Museum Library Inc. is dedicated to honoring our military, preserving and displaying military artifacts and memorabile while educating the public and future generations about our Nations military heritage. We strive to research and present as much United States military history as we can - with displays ranging from the revolutionary war through the Afghanistan conflict. All of our artifacts have been donated or loaned by the military government and very generous individuals. Our volunteers and directors have spent several thousands of hours over the last few years, collecting repairing and cleaning these military items to have them available for viewing to the general public. The southwest Florida Military Museum Library contains over four thousand eight hundred military nonfiction books, manuals, and yearbooks and an extensive collection of books on ships, airplanes, and vehicles and other military subjects. There is a special A1 Cook memorial book model airplan collection as well. A1 Cook was a veteran and author of many war books. There is a large collection of VHS tapes and DVDs pertaining to military history. A 37-star flag is displaed on the back wall of the library. Admission to the Museum is free.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organizations Process to Review Form 990. A copy of Form 990 is reviewed by the Treasurer and CEO for completeness and accuracy prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclousre Explanation Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Section First Accomplishment, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa Lastra
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