Long Key Post 305inc EIN 59-6200259 Form 990 (PDF) Claim this org

Long Key Post 305inc FY2023 filing

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Long Key Post 305inc is a member-serving organization based in St Pete Beach, FL, formed in 1959. For fiscal year 2023 it reported $318K in revenue, $253K in expenses, and $417K in net assets.Pt I

Founded
1959
Type
Mutual-benefit / member-serving · Nonprofit
Location
St Pete Beach, FL
Website
post305.org
Filings
5 on file (2021–2023)
Revenue
$318KFY2023
Expenses
$253K
Net assets
$417K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-6200259 Mutual-benefit / member-serving St Pete Beach, FL Founded 1959
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a member-serving organization
Leadership
Jim Hovis · Officer
Money in and out
$318K revenue, $253K expenses
Bottom line
+20% surplus margin
Reported financial activity · FY2023
Total revenue
$318K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$417K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+20%
revenue over expenses, this year
Program spending
100%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$318K
FY2023▲ +20%
Expenses
$253K
FY2023▼ -2%
Total assets
$517K
FY2023▲ +17%
Total liabilities
$100K
FY20230%
Total revenue
$318K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$417K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$517K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLong Key Post 305inc
EINHdr · item D59-6200259
Principal addressHdr · item CSt Pete Beach, FL
WebsiteHdr · item Jpost305.org
Year of formationHdr · item L1959
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(19) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Officer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2022.
01

Local and community charities

Pt IX · col B
02

Entertainment for membership

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$314K · 99%
Contributions & grants$4K · 1%
Program service revenue99%$314K
Contributions & grants1%$4K
Total revenueLn 12$318K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$253K
Total functional expensesLn 25$253K

Balance Sheet

Part X · end of year
CashLn 1$162K
Total assetsLn 16$517K
Total liabilitiesLn 26$100K
Total net assetsLn 32$417K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $162K · Operating expenses/yr $253K
7.7 months
Where the money goes
Program services
Program services $253K · Total expenses $253K
100%
Management & General
Management & general $0 · Total expenses $253K
0%
Fundraising
Fundraising $0 · Total expenses $253K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $318K
1%
Government reliance
Government grants — · Total revenue $318K
Earned-income share
Program service revenue $314K · Total revenue $318K
99%
Investment reliance
Investment income $0 · Total revenue $318K
0%
Program self-sufficiency
Program service revenue $314K · Total expenses $253K
124%
Growth & trend
Revenue growth (YoY)
This year $318K · Prior year $265K
+20%
Net-asset trend (YoY)
End of year $417K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $318K · Expenses $253K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $517K
Net-asset ratio
Net assets $417K · Total assets $517K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $517K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jim Hovis · Reported title OFFICER · Highest reported compensation $0 · Total expenses $253K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $46K · Total expenses $253K
18%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 20%
Legal fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$396K revenue · ⤓ 990 PDF
FY2024$359K revenue · ⤓ 990 PDF
FY2023$318K revenue · viewing · ⤓ 990 PDF
FY2022$265K revenue · ⤓ 990 PDF
FY2021$201K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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