Civic Intelligence

South Venice Beach Endowment Trust

990 • Fiscal year 2023 • EIN 65-6372220

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 30, 2025

720 Alligator DriveVenice, FL 34293

(941) 493-0006

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.01x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

5th percentile

-73%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$852,139

Down $33,346 (-3.8%) from 2022

Net Assets

Down

$850,198

Down $32,473 (-3.7%) from 2022

Liabilities

Down

$1,941

Down $873 (-31%) from 2022

Revenue

Down

$131,213

Down $37,922 (-22%) from 2022

Expenses

Up

$227,370

Up $42,991 (+23%) from 2022

Net Income

Down

-$96,157

Down $80,913 (-531%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $589,579Liabilities 2011: $17,235Net Assets 2011: $572,3442011Assets 2012: $659,024Liabilities 2012: $29,218Net Assets 2012: $629,8062012Assets 2013: $826,406Liabilities 2013: $57,842Net Assets 2013: $768,5642013Assets 2014: $903,173Liabilities 2014: $44,473Net Assets 2014: $858,7002014Assets 2015: $858,733Liabilities 2015: $50,201Net Assets 2015: $808,5322015Assets 2016: $838,829Liabilities 2016: $45,056Net Assets 2016: $793,7732016Assets 2017: $837,378Liabilities 2017: $44,586Net Assets 2017: $792,7922017Assets 2018: $800,668Liabilities 2018: $28,730Net Assets 2018: $771,9382018Assets 2019: $939,159Liabilities 2019: $45,740Net Assets 2019: $893,4192019Assets 2020: $935,320Liabilities 2020: $44,263Net Assets 2020: $891,0572020Assets 2021: $1,028,778Liabilities 2021: $30,436Net Assets 2021: $998,3422021Assets 2022: $885,485Liabilities 2022: $2,814Net Assets 2022: $882,6712022Assets 2023: $852,139Liabilities 2023: $1,941Net Assets 2023: $850,1982023Assets 2024: $800,382Liabilities 2024: $1,928Net Assets 2024: $798,4542024

Highlighted filing

2023

Assets$852,139
Liabilities$1,941
Net Assets$850,198

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $97,8422011Expenses 2012: $96,3532012Revenue 2013: $202,046Expenses 2013: $109,827Net Income 2013: $92,2192013Revenue 2014: $220,075Expenses 2014: $119,524Net Income 2014: $100,5512014Revenue 2015: $146,012Expenses 2015: $144,381Net Income 2015: $1,6312015Revenue 2016: $130,054Expenses 2016: $186,266Net Income 2016: -$56,2122016Revenue 2017: $363,111Expenses 2017: $350,076Net Income 2017: $13,0352017Revenue 2018: $157,133Expenses 2018: $163,679Net Income 2018: -$6,5462018Revenue 2019: $238,210Expenses 2019: $183,774Net Income 2019: $54,4362019Revenue 2020: $138,498Expenses 2020: $183,664Net Income 2020: -$45,1662020Revenue 2021: $185,958Expenses 2021: $182,912Net Income 2021: $3,0462021Revenue 2022: $169,135Expenses 2022: $184,379Net Income 2022: -$15,2442022Revenue 2023: $131,213Expenses 2023: $227,370Net Income 2023: -$96,1572023Revenue 2024: $172,097Expenses 2024: $256,606Net Income 2024: -$84,5092024

Highlighted filing

2023

Revenue$131,213
Expenses$227,370
Net Income-$96,157
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$278,658
Mission and Program Overview

Mission

To hold, manage and maintain in perpetuity all trust holdings and to provide them for public benefit and the enjoyment of community residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$673,281$666,508▼ $6,773
Land, Buildings, and Equipment, Net$178,743$151,508▼ $27,235
Cash and Non-Interest-Bearing Accounts$5,271$22,863▲ $17,592
Prepaid Expenses and Deferred Charges$9,250$7,314▼ $1,936
Savings and Temporary Cash Investments$18,942$3,946▼ $14,996
Accounts Receivable-$0-
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-
Inventories for Sale or Use-$0-
Total Assets$885,487$852,139▼ $33,348
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,570$720▼ $850
Deferred Revenue$720$720→ $0
Other Liabilities$304$501▲ $197
Total Liabilities$2,594$1,941▼ $653
Net Assets / Fund Balance
Net Assets With Donor Restrictions$450,000$450,000→ $0
Net Assets Without Donor Restrictions$432,893$400,198▼ $32,695
Total Net Assets Fund Balance$882,893$850,198▼ $32,695
Total Liabilities and Net Assets / Fund Balance$885,487$852,139▼ $33,348

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$96,825$142,531$239,356
Equipment$26,800$94,763$121,563
Land$27,883-$27,883
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cheryl CooperTrustee
Gail ParkerTrustee
Joe LewisTrustee
Julie PackardTrustee
Susan JuranelTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$127,025
Investment Income
$3,863
Other Revenue
$325
Change in Net Assets
$-96,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,728
Salaries, Compensation, and Employee Benefits$23,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$27,235--$27,235
Other Salaries and Wages-$21,962-$21,962
Insurance$3,817$9,563-$13,380
All Other Expenses$8,929$3,037-$11,966
Occupancy$8,500--$8,500
Information Technology-$8,383-$8,383
Other Expenses$4,500--$4,500
Office Expenses-$3,453-$3,453
Advertising-$1,915-$1,915
Payroll Taxes-$1,680-$1,680
Fees for Services Accounting-$1,495-$1,495
Total Functional Expenses$175,882$51,488$0$227,370
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
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
Payroll Taxes Payable$501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
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, Section B, Line 11B

The officers review the return and discuss any questions with the preparer if necessary.

Form 990, Part VI, Section B, Line 12C

Board members routinely excuse themselves from participating in any vote that has a relation as described in question 12.

Form 990, Part VI, Section C, Line 19

PROVIDED UPON REQUEST

Filing and Contact Details

Filer

Filer Name
South Venice Beach Endowment Trust
EIN
65-6372220
Phone
9414930006
Address
720 ALLIGATOR DRIVE, VENICE, FL 34293

Signing Officer

Name
Gail Parker
Title
Trustee
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Hough & Company Pa Cpas
Address
248 NOKOMIS AVE S, VENICE, FL 34285
Preparer
Mark S Ring CPA
Phone
9414887768
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

= -$1376

Statement Note 1

HURRICANE HELENE/MILTON POSTPONEMENT OF TIME TO FILE; EXTENSION DATE 5/1/25:Where the IRS has granted a postponement of time to file returns and make payments in response to a federally declared disaster, practitioners located in the covered disaster area, who maintain records necessary to meet a filing or payment deadline for taxpayers located outside the disaster area, may elect to contact the IRS to identify such clients. HOUGH AND CO. IS THE PRACTITIONER OF RECORD FOR THIS TAXPAYER. REF: IR-2024-266 DATED 10/11/2024.

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-96157
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt096265
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018942
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03946
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0410
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt091060
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt091470
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07416
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013578
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015745
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0161080
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0139505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0140305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0133325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0574215
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07416
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013578
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015745
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036739
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0638
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0638
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0665685
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0161080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0139505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0140715
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0224385
IRS990ScheduleA/Total509Grp/TotalAmt0665685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0169134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0139505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0154293
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0240130
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0703062
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt026800
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094763
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121563
IRS990ScheduleD/LandGrp/BookValueAmt027883
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027883
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt096825
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0142531
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0239356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0151508
IRS990ScheduleD/TotalLiabilityAmt0501
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS REVIEW THE RETURN AND DISCUSS ANY QUESTIONS WITH THE PREPARER IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ROUTINELY EXCUSE THEMSELVES FROM PARTICIPATING IN ANY VOTE THAT HAS A RELATION AS DESCRIBED IN QUESTION 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3= -$1376
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HURRICANE HELENE/MILTON POSTPONEMENT OF TIME TO FILE; EXTENSION DATE 5/1/25:Where the IRS has granted a postponement of time to file returns and make payments in response to a federally declared disaster, practitioners located in the covered disaster area, who maintain records necessary to meet a filing or payment deadline for taxpayers located outside the disaster area, may elect to contact the IRS to identify such clients. HOUGH AND CO. IS THE PRACTITIONER OF RECORD FOR THIS TAXPAYER. REF: IR-2024-266 DATED 10/11/2024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Statement Note 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0885487
IRS990/TotalAssetsEOYAmt0852139
IRS990/TotalAssetsGrp/BOYAmt0885487
IRS990/TotalAssetsGrp/EOYAmt0852139
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051488
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227370
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02594
IRS990/TotalLiabilitiesEOYAmt01941
IRS990/TotalLiabilitiesGrp/BOYAmt02594
IRS990/TotalLiabilitiesGrp/EOYAmt01941
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0882893
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0850198
IRS990/TotalProgramServiceExpensesAmt0175882
IRS990/TotalProgramServiceRevenueAmt0127025
IRS990/TotalRevenueGrp/ExclusionAmt016717
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114496
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131213
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0885487
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0852139
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0720 ALLIGATOR DRIVE
IRS990/USAddress/CityNm0VENICE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034293
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAIL PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/DisasterReliefTxt0IR2024-266 HUR MILTON EXT 5/1/25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH VENICE BEACH ENDOWMENT TRUST

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.17$0.26$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.13$0.23$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.88$0.17$0.18$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.03$1.00$0.19$0.18$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.04$0.89$0.14$0.18$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.05$0.89$0.24$0.18$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.03$0.77$0.16$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.04$0.79$0.36$0.35$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.05$0.79$0.13$0.19$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.05$0.81$0.15$0.14$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$0.22$0.12$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.83$0.06$0.77$0.20$0.11$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.03$0.63$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.02$0.57$0.10