North Key Largo Utility Corp: FY2020 Nonprofit Profile & Form 990 (EIN 65-0545336)

Revenue by fiscal year
FY2020	$3.8M
FY2021	$4.2M
FY2022	$4.1M
FY2023	$4.6M
FY2024	$4.6M
FY2025	$4.9M

Expenses by fiscal year
FY2020	$3.4M
FY2021	$3.3M
FY2022	$3.6M
FY2023	$3.9M
FY2024	$4.1M
FY2025	$4.3M

Net assets by fiscal year
FY2020	$12.0M
FY2021	$12.9M
FY2022	$13.4M
FY2023	$14.1M
FY2024	$14.5M
FY2025	$15.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1995.

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

Part of a larger organization · Schedule R

North Key Largo Utility Corp files its own Form 990, but Schedule R discloses 2 related entities — figures on this page are for this EIN only, not the whole group.

Ocean Reef Volunteer Fire Department INC · Ocean Reef Community Association INC · See Schedule R

Combined filings · FY2020 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 74% of group revenue.

Group revenue

$5.1M

Group expenses

$4.5M

Group net assets

$15.3M

Ocean Reef Volunteer Fire Department INC · $1.4M rev · $3.4M net assets

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $3.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation

Brooke Weisleder

Director

$0Pt VII · Sec A

Anne Lovett

Director

$0Pt VII · Sec A

Alex Castellanos

Director

$0Pt VII · Sec A

Nip Smith

Director

$0Pt VII · Sec A

Jeffrey Oeltjen

Vice President

$0Pt VII · Sec A

Genaro Iglesias

President

$0Pt VII · Sec A

Nanette Elenbaas

Director

$0Pt VII · Sec A

Gary List

Director

$0Pt VII · Sec A

See North Key Largo Utility Corp 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 15aYes

Programs and updates

Provides clean water services to the Ocean Reef community.

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2020

01

The company owned, operated and maintained a wastewater treatment facility for the residents and businesses of ocean reef community and operated a reverse osmosis irrigation plant for the businesses of ocean reef community during the year.

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2020

Anglers Club Members Association INC and SubsidiaryFY2020$64K

Total grants receivedfrom 1 funder$64K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.8M

Ln 12

Fees for servicesLn 2g$3.3M

Other incomeLn 4–11$367K

Gifts and grantsLn 1h$113K

Money outPt IX

$3.4M

Ln 25

Programscol B$3.4M

Owns and owesPt X

$12.0M

net assets · Ln 32

Cash and savingsLn 1–2$5.4M

Total assetsLn 16$20.0M

LiabilitiesLn 26$8.0M

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$113K

Government grantsLn 1e$113K

Fees for servicesLn 2g$3.3M

Investment incomeLn 3$17K

Other incomeLn 4–11$367K

Total revenueLn 12$3.8M

Assets in detailPt X, end of year

CashLn 1$5.4M

Cash and savings togetherLn 1–2$5.4M

Land, buildings, equipmentLn 10c$14.3M

Other assetsLn 15$70K

Total assetsLn 16$20.0M

LiabilitiesLn 26$8.0M

Net assetsLn 32$12.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$4.9M	$5.4M
Land, buildings, equipmentLn 10c	$14.9M	$14.3M
Total assetsLn 16	$20.8M	$20.0M
LiabilitiesLn 26	$9.2M	$8.0M
Net assetsLn 32	$11.6M	$12.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$119K
Other salaries and wagesLn 7	$371K
Pension plan contributionsLn 8	$31K
Other employee benefitsLn 9	$97K
Payroll taxesLn 10	$35K
Management feesLn 11a	$114K
Legal feesLn 11b	$50K
Accounting feesLn 11c	$54K
Other fees for servicesLn 11g	$50K
Office expensesLn 13	$16K
TravelLn 17	$241
InterestLn 20	$56K
Depreciation, depletion and amortizationLn 22	$1.2M
InsuranceLn 23	$272K
Other expenses (24a–d)Ln 24	$705K
All other expensesLn 24e	$201K
Total functional expensesLn 25	$3.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$4.9M	$4.3M	$534K	$15.1M	990 PDF
FY2024	$4.6M	$4.1M	$471K	$14.5M	990 PDF
FY2023	$4.6M	$3.9M	$653K	$14.1M	990 PDF
FY2022	$4.1M	$3.6M	$539K	$13.4M	990 PDF
FY2021	$4.2M	$3.3M	$904K	$12.9M	990 PDF
FY2020 Viewing	$3.8M	$3.4M	$408K	$12.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $3,769,368 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $117,321$113,303

I-9 Program service revenuePrior year $3,355,021$3,272,755

I-10 Investment incomePrior year $50,312$16,763

I-11 Other revenuePrior year $946,627$366,547

I-12 Total revenuePrior year $4,469,281$3,769,368

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $589,987$652,125

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,056,400$2,709,707

I-18 Total expensesPrior year $3,646,387$3,361,832

I-19 Revenue less expensesPrior year $822,894$407,536

Part VI · Governance 9 of 13 board members independent, no flags

VI-1a Voting members of the governing body13

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,769,368 across 6 lines filed

VIII-1e Government grants$113,303

VIII-1h Total contributions, gifts and grants$113,303

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,272,755$3,272,755

VIII-3 Investment incomeExcluded from tax $16,763$16,763

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $366,547$366,547

VIII-12 Total revenueRelated to mission $3,639,302 · Unrelated business $0 · Excluded from tax $16,763$3,769,368

Part IX · Statement of functional expenses $3,361,832 across 16 lines filed

IX-5 Pay of current officers, directors and key staff$118,630

IX-7 Other salaries and wages$370,611

IX-8 Pension plan contributions$30,889

IX-9 Other employee benefits$96,975

IX-10 Payroll taxes$35,020

IX-11a Management fees$114,300

IX-11b Legal fees$49,972

IX-11c Accounting fees$53,577

IX-11g Other fees for services$49,812

IX-13 Office expenses$16,273

IX-17 Travel$241

IX-20 Interest$55,968

IX-22 Depreciation, depletion and amortization$1,192,769

IX-23 Insurance$271,533

IX-24 Other expenses (24a–d)$704,674

IX-24e All other expenses$200,588

IX-25 Total functional expenses$3,361,832

Part X · Balance sheet $19,995,653 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $4,935,967$5,430,530

X-3 Pledges and grants receivableStart of year $328,118$141,044

X-9 Prepaid expenses and deferred chargesStart of year $61,893$55,272

X-10c Land, buildings and equipment, netStart of year $14,852,731$14,299,035

X-15 Other assetsStart of year $244,001$69,772

X-16 Total assetsStart of year $20,797,379$19,995,653

X-17 Accounts payable and accrued expensesStart of year $231,459$199,076

X-19 Deferred revenueStart of year $3,429,231$3,242,352

X-26 Total liabilitiesStart of year $9,241,690$8,032,428

X-27 Net assets without donor restrictionsStart of year $11,555,689$11,963,225

X-32 Total net assets or fund balancesStart of year $11,555,689$11,963,225

X-33 Total liabilities and net assetsStart of year $20,797,379$19,995,653

Part XI · Reconciliation of net assets $11,963,225 net assets at year end

XI-1 Total revenue$3,769,368

XI-2 Total expenses$3,361,832

XI-3 Revenue less expenses$407,536

XI-4 Net assets at start of year$11,555,689

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$11,963,225

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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North Key Largo Utility Corp FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for North Key Largo Utility Corp

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

North Key Largo Utility Corp FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for North Key Largo Utility Corp

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV