Civic Intelligence

Old Island Restoration Foundation Inc.

990 • Fiscal year 2018 • EIN 59-1007915

Apr 01, 2017 to Mar 31, 2018 • Filed on Nov 15, 2018

PO Box 689Key West, FL 33041

(305) 294-9501

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

50th percentile

1.3%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-7.4%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$476,779

Up $6,268 (+1.3%) from 2017

Net Assets

Down

$427,261

Down $3,938 (-0.9%) from 2017

Liabilities

Up

$49,518

Up $10,206 (+26%) from 2017

Revenue

Down

$246,872

Down $19,618 (-7.4%) from 2017

Expenses

Up

$250,145

Up $36,378 (+17%) from 2017

Net Income

Down

-$3,273

Down $55,996 (-106%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $286,068Liabilities 2011: $5,5932011Assets 2012: $232,119Liabilities 2012: $7,652Net Assets 2012: $224,4672012Assets 2013: $240,024Liabilities 2013: $48,063Net Assets 2013: $191,9612013Assets 2014: $312,347Liabilities 2014: $55,283Net Assets 2014: $257,0642014Assets 2015: $353,721Liabilities 2015: $50,844Net Assets 2015: $302,8772015Assets 2016: $449,357Liabilities 2016: $71,550Net Assets 2016: $377,8072016Assets 2017: $470,511Liabilities 2017: $39,312Net Assets 2017: $431,1992017Assets 2018: $476,779Liabilities 2018: $49,518Net Assets 2018: $427,2612018Assets 2020: $464,955Liabilities 2020: $15,566Net Assets 2020: $449,3892020Assets 2021: $400,650Liabilities 2021: $7,801Net Assets 2021: $392,8492021Assets 2022: $876,076Liabilities 2022: $8,450Net Assets 2022: $867,6262022Assets 2023: $941,180Liabilities 2023: $10,341Net Assets 2023: $930,8392023Assets 2024: $910,650Liabilities 2024: $11,328Net Assets 2024: $899,3222024

Highlighted filing

2018

Assets$476,779
Liabilities$49,518
Net Assets$427,261

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $177,786Expenses 2011: $139,610Net Income 2011: $38,1762011Expenses 2012: $159,7742012Expenses 2013: $241,4282013Revenue 2014: $251,569Expenses 2014: $186,466Net Income 2014: $65,1032014Revenue 2015: $281,637Expenses 2015: $211,642Net Income 2015: $69,9952015Revenue 2016: $297,336Expenses 2016: $222,121Net Income 2016: $75,2152016Revenue 2017: $266,490Expenses 2017: $213,767Net Income 2017: $52,7232017Revenue 2018: $246,872Expenses 2018: $250,145Net Income 2018: -$3,2732018Revenue 2020: $422,658Expenses 2020: $392,945Net Income 2020: $29,7132020Revenue 2021: $254,859Expenses 2021: $292,870Net Income 2021: -$38,0112021Revenue 2022: $848,833Expenses 2022: $373,254Net Income 2022: $475,5792022Revenue 2023: $552,344Expenses 2023: $563,378Net Income 2023: -$11,0342023Revenue 2024: $697,463Expenses 2024: $750,876Net Income 2024: -$53,4132024

Highlighted filing

2018

Revenue$246,872
Expenses$250,145
Net Income-$3,273
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$264,070
Mission and Program Overview

Mission

Operation & maintenance of The Oldest House Museum located on Duval Street, Key West, Florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$217,330$222,100▲ $4,770
Savings and Temporary Cash Investments$172,940$187,446▲ $14,506
Cash and Non-Interest-Bearing Accounts$50,374$43,219▼ $7,155
Accounts Receivable$21,027$12,224▼ $8,803
Investments in Publicly Traded Securities$8,538$8,010▼ $528
Inventories for Sale or Use$302$3,780▲ $3,478
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$470,511$476,779▲ $6,268
Other Assets Total-$0-
Liabilities
Grants Payable$33,000$42,200▲ $9,200
Accounts Payable and Accrued Expenses$6,312$7,318▲ $1,006
Total Liabilities$39,312$49,518▲ $10,206
Net Assets / Fund Balance
Unrestricted Net Assets$431,199$427,261▼ $3,938
Total Net Assets Fund Balance$431,199$427,261▼ $3,938
Total Liabilities and Net Assets / Fund Balance$470,511$476,779▲ $6,268

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$221,076$134,480$355,556
Other Land Buildings$977$14,929$15,906
Equipment$47$2,043$2,090
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kelly FriendPresident
Jean ShannonVice President
Barbara BowersDirector
Barbara NeagleyDirector
Bill BeckDirector
Bud HalldorsonDirector
Enid Torregrosa-silvaDirector
Fran DeckerDirector
John JohnsonDirector
Parlin MeyerDirector
Pat McmackinDirector
Dave HubertExecutive Director
Nance FrankSecretary
Steven R BlackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,357
Program Service Revenue
$112,575
Investment Income
$277
Other Revenue
$58,663
All Other Contributions
$21,844
Change in Net Assets
$-3,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,126
Salaries, Compensation, and Employee Benefits$77,019
Grants and Similar Amounts Paid$31,000
Total Fundraising Expense$1,220
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,840$16,706-$71,546
Advertising$46,229--$46,229
Grants to Domestic Orgs$28,500--$28,500
Depreciation Depletion$14,344$3,586-$17,930
All Other Expenses$8,551$712$1,220$10,483
Occupancy$7,777$2,592-$10,369
Insurance$7,773--$7,773
Other Expenses$7,024--$7,024
Fees for Services Accounting-$6,816-$6,816
Payroll Taxes$4,195$1,278-$5,473
Office Expenses$2,954$739-$3,693
Grants to Domestic Individuals$2,500--$2,500
Fees for Services Other$956--$956
Information Technology$483$121-$604
Total Functional Expenses$216,375$32,550$1,220$250,145
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Pauls ChurchKey West, FL--$11,500
St James BaptistKey West, FL--$11,000
Key West Art CenterKey West, FL--$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,456
Fundraising Gross Income$7,782
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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: Form 990 Review Process

Treasurer reviews the Form 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Every Board Member signs an annual statement acknowledging the conflict of interest policy and its terms and disclosing any conflicts of interest that the member may have. If the board finds that any member has failed to disclose an actual or possible conflict of interest, the board will take appropriate disciplinary and corrective action.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available governing documents, policies and financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Old Island Restoration Foundation
EIN
59-1007915
Phone
3052949501
Address
PO BOX 689, KEY WEST, FL 33041

Signing Officer

Name
Steven R Black
Title
Treasurer
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
250

Preparer

Firm
Oropeza & Parks CPAs
Address
815 Peacock Plz, Key West, FL 33040
Preparer
Scott G Oropeza CPA
Phone
3052941049
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

Collection of historic furnishings are not capitalized in accordance with board policy. The collection of historic furnishings is estimated to be $167,000.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

Antique or reproduction furnishings & artwork relevant to the history of the Florida Keys & The Oldest House are exhibited to educate & preserve the history of the Keys & promote preservation of the the Oldest House and the unique Keys architecture.

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt03780
IRS990/InvestmentIncomeGrp/ExclusionAmt0277
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0277
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08538
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08010
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0151452
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0217330
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0222100
IRS990/LandBldgEquipCostOrOtherBssAmt0373552
IRS990/LegalDomicileStateCd0FL
IRS990/LessRentalExpensesGrp/RealAmt01437
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt011445
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation & maintenance of The Oldest House Museum located on Duval Street, Key West, Florida.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0431199
IRS990/NetAssetsOrFundBalancesEOYAmt0427261
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-6674
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-6674
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt01306
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01306
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt048963
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt048963
IRS990/NetUnrlzdGainsLossesInvstAmt0-665
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02592
IRS990/OccupancyGrp/ProgramServicesAmt07777
IRS990/OccupancyGrp/TotalAmt010369
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0739
IRS990/OfficeExpensesGrp/ProgramServicesAmt02954
IRS990/OfficeExpensesGrp/TotalAmt03693
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0HOUSE & GARDEN TOUR EXP
IRS990/OtherExpensesGrp/Desc1Program member services
IRS990/OtherExpensesGrp/Desc2GARDEN RENTAL EXPENSE
IRS990/OtherExpensesGrp/Desc3Repairs & Maintenance
IRS990/OtherExpensesGrp/ProgramServicesAmt014726
IRS990/OtherExpensesGrp/ProgramServicesAmt18294
IRS990/OtherExpensesGrp/ProgramServicesAmt27229
IRS990/OtherExpensesGrp/ProgramServicesAmt37024
IRS990/OtherExpensesGrp/TotalAmt014726
IRS990/OtherExpensesGrp/TotalAmt18294
IRS990/OtherExpensesGrp/TotalAmt27229
IRS990/OtherExpensesGrp/TotalAmt37024
IRS990/OtherRevenueMiscGrp/Desc0Insurance Proceeds
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014952
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1116
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014952
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1116
IRS990/OtherRevenueTotalAmt015068
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016706
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt054840
IRS990/OtherSalariesAndWagesGrp/TotalAmt071546
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01278
IRS990/PayrollTaxesGrp/ProgramServicesAmt04195
IRS990/PayrollTaxesGrp/TotalAmt05473
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Garden fees, etc
IRS990/ProgramServiceRevenueGrp/Desc1House & Garden Tours
IRS990/ProgramServiceRevenueGrp/Desc2Oldest House Admissions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08226
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1104349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1104349
IRS990/ProgSrvcAccomActy2Grp/Desc0Promote the preservation of historic buildings in Key West and the Florida Keys
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt089793
IRS990/ProgSrvcAccomActy2Grp/GrantAmt028500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt088397
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt030500
IRS990/PYInvestmentIncomeAmt0369
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0119729
IRS990/PYOtherRevenueAmt053950
IRS990/PYProgramServiceRevenueAmt0123774
IRS990/PYRevenuesLessExpensesAmt052723
IRS990/PYSalariesCompEmpBnftPaidAmt063538
IRS990/PYTotalExpensesAmt0213767
IRS990/PYTotalRevenueAmt0266490
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3273
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt048963
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0172940
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0187446
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt075357
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt088397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt089300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt073316
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt037551
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0363921
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt050677
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt050769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059141
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt048068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044402
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0253057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0122968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0142079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0153668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0178171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0178508
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0775394
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt050677

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.11$0.11$8.99$6.97$7.51$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.41$0.10$9.31$5.52$5.63$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$0.08$8.68$8.49$3.73$4.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$0.08$3.93$2.55$2.93$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$0.16$4.49$4.23$3.93$0.30
2018Detailed filing. Detailed filing data is available for this year.$4.77$0.50$4.27$2.47$2.50$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.71$0.39$4.31$2.66$2.14$0.53
2016Detailed filing. Detailed filing data is available for this year.$4.49$0.72$3.78$2.97$2.22$0.75
2015Detailed filing. Detailed filing data is available for this year.$3.54$0.51$3.03$2.82$2.12$0.70
2014Detailed filing. Detailed filing data is available for this year.$3.12$0.55$2.57$2.52$1.86$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.48$1.92$2.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.08$2.24$1.60
2011Summary only. Only limited summary data is available for this year.$2.86$0.06$1.78$1.40$0.38