Civic Intelligence

Floatarama Inc

EIN 87-3441222 • 501(c)3 • Fort Lauderdale, FL

Profile

The primary exempt purpose of Floatarama Inc is to raise awareness and funds to support at-risk LGBTQ Youth through events including the FLoatarama Flotilla, Sights & Lights cruise, associated activities and other events.

2624 NE 34th StreetFort Lauderdale, FL 33306

floatarama.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

88th percentile

53%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$130,035

Up $44,807 (+53%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$130,035

Up $44,807 (+53%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin71st percentile

Revenue

Up

$277,401

Up $25,221 (+10%) from 2023

Expenses

Up

$232,594

Up $44,058 (+23%) from 2023

Net Income

Down

$44,807

Down $18,837 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$150K$100K$50K$0Assets 2022: $21,584Liabilities 2022: $0Net Assets 2022: $21,5842022Assets 2023: $85,228Liabilities 2023: $0Net Assets 2023: $85,2282023Assets 2024: $130,035Liabilities 2024: $0Net Assets 2024: $130,0352024

Highlighted filing

2024

Assets$130,035
Liabilities$0
Net Assets$130,035
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

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

$300K$200K$100K$0Revenue 2022: $111,528Expenses 2022: $89,944Net Income 2022: $21,5842022Revenue 2023: $252,180Expenses 2023: $188,536Net Income 2023: $63,6442023Revenue 2024: $277,401Expenses 2024: $232,594Net Income 2024: $44,8072024

Highlighted filing

2024

Revenue$277,401
Expenses$232,594
Net Income$44,807
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$130,035
Liabilities
$0
Net assets
$130,035
Revenue
$277,401
Expenses
$232,594
Net income
$44,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$2.77$2.33$0.45
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$2.52$1.89$0.64
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.12$0.90$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$277,401
Mission and Program Overview

Mission

The primary exempt purpose of Floatarama Inc is to raise awareness and funds to support at-risk LGBTQ youth through the FLoatarama Flotilla and associated activities.

The primary exempt purpose of Floatarama Inc is to raise awareness and funds to support at-risk LGBTQ Youth through events including the FLoatarama Flotilla, Sights & Lights cruise, associated activities and other events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,228$130,035▲ $44,807
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$85,228$130,035▲ $44,807
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$85,228$130,035▲ $44,807
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$85,228$130,035▲ $44,807
Total Liabilities and Net Assets / Fund Balance$85,228$130,035▲ $44,807
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Scott SchrammPresident
Roderick MacKenzieVice President and Treasurer
Thomas GehlbachDirector
Brian BenderSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$139,945
Program Service Revenue
$137,456
Investment Income
$0
Other Revenue
$0
All Other Contributions
$139,945
Change in Net Assets
$44,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,594
Grants and Similar Amounts Paid$110,000
Total Fundraising Expense$9,677
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$110,000--$110,000
Advertising$16,285$0$8,696$24,981
Insurance$5,128$634$0$5,762
Other Expenses$4,254$604$131$4,989
Occupancy$2,123$708$708$3,539
Fees for Services Other$1,879$281$0$2,160
All Other Expenses$625$172$17$814
Office Expenses$79$629$79$787
Information Technology$114$68$46$228
Fees for Services Accounting$0$41$0$41
Total Functional Expenses$219,479$3,438$9,677$232,594
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Our Fund FoundationWilton Manors, FL-Re-granting$110,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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 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 A, Line 2

“Scott Schramm (President & Founder) and Roderick MacKenzie (VP, Treasurer and Founder) are married.”

Form 990, Part VI, Section B, Line 11B

“Form 990 reviewed by all Board members and also with members of the organization with applicable expertise.”

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

“Annual review”

Form 990, Part VI, Section C, Line 19

“Available on request”

Filing and Contact Details

Filer

Filer Name
Floatarama Inc
EIN
87-3441222
Phone
2027464093
Address
2624 NE 34th Street, Fort Lauderdale, FL 33306

Signing Officer

Name
Roderick MacKenzie
Title
Treasurer
Phone
2027464093
Signed
2025-05-07

Organization Details

Principal Officer
Scott Schramm
Formed
2021
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
25
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IRS990/OfficeExpensesGrp/FundraisingAmt079
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0629
IRS990/OfficeExpensesGrp/ProgramServicesAmt079
IRS990/OfficeExpensesGrp/TotalAmt0787
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Event Production Costs
IRS990/OtherExpensesGrp/Desc1Event Food & Beverage
IRS990/OtherExpensesGrp/Desc2Meals & Entertainment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt2131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0301
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2604
IRS990/OtherExpensesGrp/ProgramServicesAmt024082
IRS990/OtherExpensesGrp/ProgramServicesAmt154910
IRS990/OtherExpensesGrp/ProgramServicesAmt24254
IRS990/OtherExpensesGrp/TotalAmt024383
IRS990/OtherExpensesGrp/TotalAmt154910
IRS990/OtherExpensesGrp/TotalAmt24989
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Scott Schramm
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813219
IRS990/ProgramServiceRevenueGrp/BusinessCd1813219
IRS990/ProgramServiceRevenueGrp/BusinessCd2813219
IRS990/ProgramServiceRevenueGrp/Desc0FLoatarama Flotilla
IRS990/ProgramServiceRevenueGrp/Desc1FLoatarama Sights & Lights
IRS990/ProgramServiceRevenueGrp/Desc2FLoatarama Other Events
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt090458
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt133507
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt090458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133507
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213491
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0FLoatarama Flotilla and associated activities (June 2024)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt077452
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt090458
IRS990/ProgSrvcAccomActy3Grp/Desc0FLoatarama Sights & Lights Cruise and associated activities (December 2024)
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt030074
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt033507
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other events
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01953
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt013491
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0101942
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt075000
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0113536
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0150238
IRS990/PYRevenuesLessExpensesAmt063644
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0188536
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0252180
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

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