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Acquilus Condominium Assn INC FY2021 filing

Jacksonville Beach, FLUnknown exempt organization EIN 20-1428308Revenue $461K in FY2021

On file with the IRS917 North First Street 205 · Jacksonville Beach, FL

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

1¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
1%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$461K
-1% vs prior year
Spent
$550K
To programs
1%
Net assets
$182K
By yearFY2020–FY2025
Revenue
$461K
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$466K
FY2021$461K
FY2022$476K
FY2023$502K
FY2024$871K
FY2025$860K
Expenses
$550K
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2021$550K
FY2022$474K
FY2023$593K
FY2024$570K
FY2025$645K
Net assets
$182K
FY2021▼ -33%
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 FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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% · $7K Management & general 99% · $543K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Sandy Coston
Secretary/D
$0Pt VII · Sec A
Wayne Foret'
President/D
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tracy Wind
Treasurer/D
$0Pt VII · Sec A
See Acquilus Condominium Assn INC executive salaries →

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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.

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$461K
Ln 12
Gifts and grantsLn 1h$421K
Other incomeLn 4–11$40K
Investment incomeLn 3$74
Money outPt IX
$550K
Ln 25
Programscol B$7K
Managementcol C$543K
Owns and owesPt X
$182K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$182K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$421K
Investment incomeLn 3$74
Other incomeLn 4–11$40K
Total revenueLn 12$461K
Assets in detailPt X, end of year
CashLn 1−$653
SavingsLn 2$165K
Cash and savings togetherLn 1–2$165K
Land, buildings, equipmentLn 10c$17K
Total assetsLn 16$182K
LiabilitiesLn 26$0
Net assetsLn 32$182K
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 FY21End FY21
Cash and savingsLn 1–2$250K$165K
Land, buildings, equipmentLn 10c$22K$17K
Total assetsLn 16$272K$182K
LiabilitiesLn 26$0$0
Net assetsLn 32$272K$182K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$70K$70K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$284K$284K
Depreciation, depletion and amortizationLn 22$5K$4K$968
InsuranceLn 23$70K$70K
Other expenses (24a–d)Ln 24$112K$3K$109K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$550K$7K$543K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $860K$645K$215K$608K 990 PDF
FY2024 $871K$570K$300K$393K 990 PDF
FY2023 $502K$593K−$92K$93K 990 PDF
FY2022 $476K$474K$3K$185K 990 PDF
FY2021 Viewing $461K$550K−$90K$182K 990 PDF
FY2020 $466K$451K$16K$272K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $460,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $406,200$420,600
I-9 Program service revenue$0
I-10 Investment incomePrior year $375$74
I-11 Other revenuePrior year $59,669$39,924
I-12 Total revenuePrior year $466,244$460,598
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 $450,732$550,322
I-18 Total expensesPrior year $450,732$550,322
I-19 Revenue less expensesPrior year $15,512−$89,724
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $460,598 across 5 lines filed
Lines not itemized here account for $4,080 of total revenue; see the IRS return.
VIII-1a Federated campaigns$420,600
VIII-1h Total contributions, gifts and grants$420,600
VIII-3 Investment incomeRelated to mission $74$74
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,844$35,844
VIII-12 Total revenueRelated to mission $39,998$460,598
Part IX · Statement of functional expenses $550,322 across 9 lines filed
IX-11a Management feesManagement $70,500$70,500
IX-11b Legal feesManagement $1,859$1,859
IX-11c Accounting feesManagement $1,600$1,600
IX-13 Office expensesManagement $1,877$1,877
IX-16 OccupancyManagement $283,681$283,681
IX-22 Depreciation, depletion and amortizationPrograms $3,747 · Management $968$4,715
IX-23 InsuranceManagement $70,295$70,295
IX-24 Other expenses (24a–d)Programs $3,150 · Management $109,124$112,274
IX-24e All other expensesManagement $3,521$3,521
IX-25 Total functional expensesPrograms $6,897 · Management $543,425 · Fundraising $0$550,322
Part X · Balance sheet $181,837 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,550−$653
X-2 Savings and temporary cash investmentsStart of year $248,097$165,291
X-10c Land, buildings and equipment, netStart of year $21,914$17,199
X-16 Total assetsStart of year $271,561$181,837
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $271,561$181,837
X-33 Total liabilities and net assetsStart of year $271,561$181,837
Part XI · Reconciliation of net assets $181,837 net assets at year end
XI-1 Total revenue$460,598
XI-2 Total expenses$550,322
XI-3 Revenue less expenses−$89,724
XI-4 Net assets at start of year$271,561
XI-10 Net assets at end of year$181,837

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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