Civic Intelligence

Upper Keys Rotary Foundation Inc.

990 • Fiscal year 2021 • EIN 65-0385528

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 26, 2022

P O Box 1514Tavernier, FL 33070

(305) 451-3464

Siviq Scores

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

Liabilities / Assets

90th percentile

0.57x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.25x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

19th percentile

-21%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

18th percentile

-20%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-68%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$283,553

Down $72,142 (-20%) from 2020

Net Assets

Down

$121,991

Down $26,799 (-18%) from 2020

Liabilities

Down

$161,562

Down $45,343 (-22%) from 2020

Revenue

Down

$129,617

Down $271,209 (-68%) from 2020

Expenses

Down

$156,418

Down $221,740 (-59%) from 2020

Net Income

Down

-$26,801

Down $49,469 (-218%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $153,698Liabilities 2011: $117,092Net Assets 2011: $36,6062011Assets 2012: $134,626Liabilities 2012: $119,152Net Assets 2012: $15,4742012Assets 2013: $130,435Liabilities 2013: $112,034Net Assets 2013: $18,4012013Assets 2014: $134,177Liabilities 2014: $105,513Net Assets 2014: $28,6642014Assets 2016: $223,522Liabilities 2016: $170,932Net Assets 2016: $52,5902016Assets 2017: $243,963Liabilities 2017: $171,048Net Assets 2017: $72,9152017Assets 2018: $282,474Liabilities 2018: $187,979Net Assets 2018: $94,4952018Assets 2019: $297,919Liabilities 2019: $171,797Net Assets 2019: $126,1222019Assets 2020: $355,695Liabilities 2020: $206,905Net Assets 2020: $148,7902020Assets 2021: $283,553Liabilities 2021: $161,562Net Assets 2021: $121,9912021Assets 2022: $375,864Liabilities 2022: $237,397Net Assets 2022: $138,4672022Assets 2023: $351,946Liabilities 2023: $209,424Net Assets 2023: $142,5222023Assets 2024: $315,582Liabilities 2024: $124,496Net Assets 2024: $191,0862024Assets 2025: $348,548Liabilities 2025: $87,651Net Assets 2025: $260,8972025

Highlighted filing

2021

Assets$283,553
Liabilities$161,562
Net Assets$121,991

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $248,5132011Expenses 2012: $273,9392012Expenses 2013: $258,5882013Revenue 2014: $339,980Expenses 2014: $329,717Net Income 2014: $10,2632014Revenue 2016: $224,300Expenses 2016: $198,552Net Income 2016: $25,7482016Revenue 2017: $218,225Expenses 2017: $197,900Net Income 2017: $20,3252017Revenue 2018: $266,242Expenses 2018: $244,662Net Income 2018: $21,5802018Revenue 2019: $234,706Expenses 2019: $203,079Net Income 2019: $31,6272019Revenue 2020: $400,826Expenses 2020: $378,158Net Income 2020: $22,6682020Revenue 2021: $129,617Expenses 2021: $156,418Net Income 2021: -$26,8012021Revenue 2022: $349,274Expenses 2022: $319,692Net Income 2022: $29,5822022Revenue 2023: $313,630Expenses 2023: $309,575Net Income 2023: $4,0552023Revenue 2024: $340,004Expenses 2024: $291,440Net Income 2024: $48,5642024Revenue 2025: $396,641Expenses 2025: $326,830Net Income 2025: $69,8112025

Highlighted filing

2021

Revenue$129,617
Expenses$156,418
Net Income-$26,801
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 26, 2022
Return Version
2020v4.0
Gross Receipts
$149,602
Mission and Program Overview

Mission

To raise and distribute scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$208,216$132,181▼ $76,035
Rtn Earn Endowment Incm Other Fnds$148,790$121,991▼ $26,799
Savings and Temporary Cash Investments$111,148$111,204▲ $56
Accounts Receivable$23,636$25,600▲ $1,964
Land, Buildings, and Equipment, Net$11,144$7,719▼ $3,425
Prepaid Expenses and Deferred Charges$1,551$6,349▲ $4,798
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$355,695$283,553▼ $72,142
Other Assets Total-$500-
Liabilities
Other Liabilities$189,681$141,061▼ $48,620
Deferred Revenue$15,024$20,501▲ $5,477
Accounts Payable and Accrued Expenses$2,200--
Total Liabilities$206,905$161,562▼ $45,343
Net Assets / Fund Balance
Total Net Assets Fund Balance$148,790$121,991▼ $26,799
Total Liabilities and Net Assets / Fund Balance$355,695$283,553▼ $72,142

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,463$24,003$31,466
Other Land Buildings$256$1,544$1,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jill Miranda BakerPast President
Joe Roth IiiPast President
Terry AbelPresident
Rob StoberPresident Elect
Anna RichardsDirector
Chris TrentineDirector
Frank DerflerDirector
Joe MiklasDirector
Kate DeloachDirector
Matthew TurkDirector
Michael JohnsonDirector
Peter IhrigDirector
Tricia HynesDirector
Dennis CaltagironeArea Governor
Bette BrownFoundation Chai
Joe MolinaroSer at Arms
John GallantSgt-at-arms
Jordan BudnickTreasurer
Kathryn BanickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,627
Program Service Revenue
$0
Investment Income
$138
Other Revenue
$14,852
All Other Contributions
$24,785
Change in Net Assets
$-26,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,500
Other Expenses$15,918
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$108,000--$108,000
Grants to Domestic Orgs$32,500--$32,500
Fees for Services Accounting-$4,550-$4,550
Depreciation Depletion-$3,425-$3,425
Insurance-$2,546-$2,546
All Other Expenses$345$190-$535
Other Expenses$751$390-$390
Advertising-$192-$192
Office Expenses-$96-$96
Total Functional Expenses$141,596$14,822$0$156,418
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Take Stock in ChildrenKey West, FL-Scholarships$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,608
Fundraising Direct Expenses$19,985
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Flea Market$124,450$34,608$19,418$15,190
Total Events$124,450$34,608$19,418$15,190
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Outstanding Scholarships$141,061
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: Form 990 Review Process

Copy of 990 is emailed to the executive officers and reviewed. Changes, if any, are made and a copy is emailed to the entire board of directors. It is then approved at the regularly scheduled monthly board meeting.

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

A public notice is run in the local newspaperinforming the public the annual return has beencompleted and how to view it.all other documents are available to the publicupon request.

Filing and Contact Details

Filer

Filer Name
Upper Keys Rotary Foundation Inc
EIN
65-0385528
Phone
3054513464
Address
P O BOX 1514, TAVERNIER, FL 33070

Signing Officer

Name
Kathryn Banick
Title
Treasurer
Signed
2022-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Banick
Formed
1992
Legal Domicile
Fl
Voting Board Members
19
Independent Board Members
16
Employees
0
Volunteers
100

Preparer

Firm
Keys Accounting & Tax Service Inc
Address
99411 OVERSEAS HWY 4, KEY LARGO, FL 33037
Preparer
Susan B Stein
Phone
3054513464
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

ROUNDING = $2

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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12AREA GOVERNOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt16President Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt17Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt089842
IRS990/FundraisingDirectExpensesAmt019985
IRS990/FundraisingGrossIncomeAmt034608
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt0108000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0108000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0108000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt032500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032500
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0149602
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02546
IRS990/InsuranceGrp/TotalAmt02546
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0138
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0138
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025547
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011144
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07719
IRS990/LandBldgEquipCostOrOtherBssAmt033266
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RAISE AND DISTRIBUTE SCHOLARSHIPS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0148790
IRS990/NetAssetsOrFundBalancesEOYAmt0121991
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt014623
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt014623
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt096
IRS990/OfficeExpensesGrp/TotalAmt096
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0500
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0STORAGE
IRS990/OtherExpensesGrp/Desc1WRITE OFF
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1475
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2390
IRS990/OtherExpensesGrp/ProgramServicesAmt0751
IRS990/OtherExpensesGrp/TotalAmt02958
IRS990/OtherExpensesGrp/TotalAmt1751
IRS990/OtherExpensesGrp/TotalAmt2475
IRS990/OtherExpensesGrp/TotalAmt3390
IRS990/OtherLiabilitiesGrp/BOYAmt0189681
IRS990/OtherLiabilitiesGrp/EOYAmt0141061
IRS990/OtherRevenueMiscGrp/Desc0UNCLAIMED SCHOLARSHIPS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0229
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0229
IRS990/OtherRevenueTotalAmt0229
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01551
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06349
IRS990/PrincipalOfficerNm0KATHRYN BANICK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MISCELLANEOUS CHARITABLE CAUSES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt030000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt030000
IRS990/ProgSrvcAccomActy3Grp/Desc0LOCAL COMMUNITY EVENTS AND PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03596
IRS990/ProgSrvcAccomActy3Grp/GrantAmt02500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0288944
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0215300
IRS990/PYInvestmentIncomeAmt0280
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0162858
IRS990/PYOtherRevenueAmt0111602
IRS990/PYRevenuesLessExpensesAmt022668
IRS990/PYTotalExpensesAmt0378158
IRS990/PYTotalRevenueAmt0400826
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-26801
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0148790
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0121991
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111148
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0111204
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0114627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0288944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0158714
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0191812
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0781962
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0280
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0241

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.49$0.88$2.61$3.97$3.27$0.70
2024Detailed filing. Detailed filing data is available for this year.$3.16$1.24$1.91$3.40$2.91$0.49
2023Detailed filing. Detailed filing data is available for this year.$3.52$2.09$1.43$3.14$3.10$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.76$2.37$1.38$3.49$3.20$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.84$1.62$1.22$1.30$1.56$0.27
2020Detailed filing. Detailed filing data is available for this year.$3.56$2.07$1.49$4.01$3.78$0.23
2019Detailed filing. Detailed filing data is available for this year.$2.98$1.72$1.26$2.35$2.03$0.32
2018Detailed filing. Detailed filing data is available for this year.$2.82$1.88$0.94$2.66$2.45$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.44$1.71$0.73$2.18$1.98$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.24$1.71$0.53$2.24$1.99$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.34$1.06$0.29$3.40$3.30$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.12$0.18$2.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$1.19$0.15$2.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$1.17$0.37$2.49