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Acquilus Condominium Assn INC

Jacksonville Beach, FLUnknown exempt organization EIN 20-1428308Revenue $860K in FY2025Latest return filed Feb 24, 2026

On file with the IRSJacksonville Beach, FL

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Administer the operation and management of 48 condominiums known as Acquilus condominiums

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1428308) · Dispute this line
1¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $59K a year · 10% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0.5%
of spending
0.5% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
11.3 mo
of spending, in cash
11.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
48
of 48 voting members
48 of 48 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$860K
-1% vs prior year
Spent
$645K
To programs
0.5%
Net assets
$608K
By yearFY2020–FY2025
Revenue
$860K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$466K
FY2021$461K
FY2022$476K
FY2023$502K
FY2024$871K
FY2025$860K
Expenses
$645K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2021$550K
FY2022$474K
FY2023$593K
FY2024$570K
FY2025$645K
Net assets
$608K
FY2025▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$182K
FY2022$185K
FY2023$93K
FY2024$393K
FY2025$608K

From the FY2025 Form 990 · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $3K Management & general 99% · $642K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Wayne Foret'
President/D
$0Pt VII · Sec A
John Wright JR
Secretarry/O
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Varnadore
Treasurer/O
$0Pt VII · Sec A
Tracy Wind
Vice Preside
$0Pt VII · Sec A
See Acquilus Condominium Assn INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and operates 48 condominiums.

Questions for Acquilus Condominium Assn INC

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Your first name shows with your question. Acquilus Condominium Assn INC answers here, for everyone.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$860K
Ln 12
Gifts and grantsLn 1h$824K
Other incomeLn 4–11$19K
Investment incomeLn 3$17K
Money outPt IX
$645K
Ln 25
Programscol B$3K
Managementcol C$642K
Owns and owesPt X
$608K
net assets · Ln 32
Cash and savingsLn 1–2$606K
Total assetsLn 16$608K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a48
IndependentVI 1b48
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$824K
Investment incomeLn 3$17K
Other incomeLn 4–11$19K
Total revenueLn 12$860K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$558K
Cash and savings togetherLn 1–2$606K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$608K
LiabilitiesLn 26$0
Net assetsLn 32$608K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$387K$606K
Land, buildings, equipmentLn 10c$6K$2K
Total assetsLn 16$393K$608K
LiabilitiesLn 26$0$0
Net assetsLn 32$393K$608K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$92K$92K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$11K$587$10K
OccupancyLn 16$433K$433K
Depreciation, depletion and amortizationLn 22$3K$3K$624
InsuranceLn 23$92K$92K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$645K$3K$642K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 24, 2026 $860K$645K$215K$608K 990 PDF
FY2024Filed with the IRS Feb 24, 2025 $871K$570K$300K$393K 990 PDF
FY2023Filed with the IRS Mar 26, 2024 $502K$593K−$92K$93K 990 PDF
FY2022Filed with the IRS Apr 17, 2023 $476K$474K$3K$185K 990 PDF
FY2021Filed with the IRS Feb 23, 2022 $461K$550K−$90K$182K 990 PDF
FY2020Filed with the IRS Feb 17, 2021 $466K$451K$16K$272K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $860,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $823,800$823,800
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,542$17,017
I-11 Other revenuePrior year $41,247$19,378
I-12 Total revenuePrior year $870,589$860,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $570,472$644,939
I-18 Total expensesPrior year $570,472$644,939
I-19 Revenue less expensesPrior year $300,117$215,256
Part VI · Governance 48 of 48 board members independent, 4 to look at
VI-1a Voting members of the governing body48
VI-1b Independent voting members48
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $860,195 across 5 lines filed
Lines not itemized here account for $1,703 of total revenue; see the IRS return.
VIII-1b Membership dues$823,800
VIII-1h Total contributions, gifts and grants$823,800
VIII-3 Investment incomeRelated to mission $17,017$17,017
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,675$17,675
VIII-12 Total revenueRelated to mission $36,395$860,195
Part IX · Statement of functional expenses $644,939 across 8 lines filed
IX-11a Management feesManagement $92,500$92,500
IX-11b Legal feesManagement $2,772$2,772
IX-11c Accounting feesManagement $3,983$3,983
IX-13 Office expensesPrograms $587 · Management $10,447$11,034
IX-16 OccupancyManagement $433,316$433,316
IX-22 Depreciation, depletion and amortizationPrograms $2,738 · Management $624$3,362
IX-23 InsuranceManagement $92,184$92,184
IX-24 Other expenses (24a–d)Management $5,788$5,788
IX-25 Total functional expensesPrograms $3,325 · Management $641,614 · Fundraising $0$644,939
Part X · Balance sheet $608,210 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $49,109$47,652
X-2 Savings and temporary cash investmentsStart of year $338,315$558,390
X-10c Land, buildings and equipment, netStart of year $5,530$2,168
X-16 Total assetsStart of year $392,954$608,210
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $392,954$608,210
X-32 Total net assets or fund balancesStart of year $392,954$608,210
X-33 Total liabilities and net assetsStart of year $392,954$608,210
Part XI · Reconciliation of net assets $608,210 net assets at year end
XI-1 Total revenue$860,195
XI-2 Total expenses$644,939
XI-3 Revenue less expenses$215,256
XI-4 Net assets at start of year$392,954
XI-10 Net assets at end of year$608,210

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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