Islamorada Foundation INC: FY2022 Nonprofit Profile & Form 990 (EIN 90-0586396)

Revenue by fiscal year
FY2020	$278K
FY2022	$897K
FY2023	$501K
FY2024	$1.1M

Expenses by fiscal year
FY2020	$59K
FY2022	$129K
FY2023	$86K
FY2024	$106K

Net assets by fiscal year
FY2020	$1.9M
FY2022	$3.1M
FY2023	$3.5M
FY2024	$4.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2011.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $127K Management & general 2% · $2K

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

Chris Frank

Director

$0Pt VII · Sec A

Andre Hopman

Director

$0Pt VII · Sec A

Joseph Mikula

Chairman/ Tr

$0Pt VII · Sec A

Kristi Mikula

Vice Chair

$0Pt VII · Sec A

David Osborn

Secretary

$0Pt VII · Sec A

See Islamorada Foundation 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhance, conserve, and preserve Islamorada's open spaces by providing resources and leadership.

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Provided by the organization

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3 programs · $127K · in their own filed words · FY2022

01

Gib reese park,development,improvements and maintenance to a public park in islamorada FL

$110Kprogram expense

02

Developed and maintains southwinds park, islamorada florida

$17Kprogram expense

03

Open space initiative and membership functions for the organization

$517program 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 · FY2025

Youell Legacy FoundationFY2025$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$897K

Ln 12

Gifts and grantsLn 1h$893K

Investment incomeLn 3$4K

Money outPt IX

$129K

Ln 25

Programscol B$127K

Managementcol C$2K

Owns and owesPt X

$3.1M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$3.1M

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$893K

Investment incomeLn 3$4K

Total revenueLn 12$897K

Assets in detailPt X, end of year

CashLn 1$32K

SavingsLn 2$1.1M

Cash and savings togetherLn 1–2$1.1M

InvestmentsLn 11–13$75K

Land, buildings, equipmentLn 10c$1.8M

Other assetsLn 15$82K

Total assetsLn 16$3.1M

LiabilitiesLn 26$0

Net assetsLn 32$3.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 630

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$438K	$1.1M
InvestmentsLn 11–13	$76K	$75K
Land, buildings, equipmentLn 10c	$1.8M	$1.8M
Total assetsLn 16	$2.3M	$3.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.3M	$3.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$3K	$4K	−$510
Advertising and promotionLn 12	$612	$612
Office expensesLn 13	$2K	$2K
Information technologyLn 14	$200	$200
OccupancyLn 16	$8K	$8K
Conferences, conventions and meetingsLn 19	$10K	$10K
Depreciation, depletion and amortizationLn 22	$88K	$88K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$12K	$12K
Total functional expensesLn 25	$129K	$127K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Nov 17, 2025	$1.1M	$106K	$976K	$4.9M	990 PDF
FY2023Filed with the IRS Dec 6, 2024	$501K	$86K	$415K	$3.5M	990 PDF
FY2022 ViewingFiled with the IRS Nov 13, 2023	$897K	$129K	$769K	$3.1M	990 PDF
FY2021	Not on file
FY2020Filed with the IRS Nov 8, 2021	$278K	$59K	$219K	$1.9M	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 FY2022 990 (6 parts)

Part I · Summary $897,286 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $436,776$893,033

I-9 Program service revenue$0

I-10 Investment incomePrior year $3,682$4,253

I-11 Other revenue$0

I-12 Total revenuePrior year $440,458$897,286

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 $62,888$128,638

I-18 Total expensesPrior year $62,888$128,638

I-19 Revenue less expensesPrior year $377,570$768,648

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-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $897,286 across 5 lines filed

VIII-1a Federated campaigns$143,033

VIII-1f All other contributions, gifts and grants$750,000

VIII-1h Total contributions, gifts and grants$893,033

VIII-3 Investment incomeExcluded from tax $4,253$4,253

VIII-12 Total revenueExcluded from tax $4,253$897,286

Part IX · Statement of functional expenses $128,638 across 10 lines filed

IX-11c Accounting feesManagement $2,450$2,450

IX-11g Other fees for servicesPrograms $3,880 · Management −$510$3,370

IX-12 Advertising and promotionPrograms $612$612

IX-13 Office expensesPrograms $1,532$1,532

IX-14 Information technologyPrograms $200$200

IX-16 OccupancyPrograms $7,782$7,782

IX-19 Conferences, conventions and meetingsPrograms $10,003$10,003

IX-22 Depreciation, depletion and amortizationPrograms $88,372$88,372

IX-23 InsurancePrograms $2,345$2,345

IX-24 Other expenses (24a–d)Programs $11,972$11,972

IX-25 Total functional expensesPrograms $126,698 · Management $1,940 · Fundraising $0$128,638

Part X · Balance sheet $3,083,942 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $23,361$31,795

X-2 Savings and temporary cash investmentsStart of year $414,902$1,097,694

X-8 Inventories for sale or useStart of year $5,500$5,500

X-10c Land, buildings and equipment, netStart of year $1,799,474$1,791,416

X-11 Publicly traded securitiesStart of year $76,042$75,215

X-15 Other assetsStart of year $456$82,322

X-16 Total assetsStart of year $2,319,735$3,083,942

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,319,735$2,333,942

X-28 Net assets with donor restrictions$750,000

X-32 Total net assets or fund balancesStart of year $2,319,735$3,083,942

X-33 Total liabilities and net assetsStart of year $2,319,735$3,083,942

Part XI · Reconciliation of net assets $3,083,942 net assets at year end

XI-1 Total revenue$897,286

XI-2 Total expenses$128,638

XI-3 Revenue less expenses$768,648

XI-4 Net assets at start of year$2,319,735

XI-5 Net unrealized gains (losses) on investments−$4,381

XI-8 Prior period adjustments−$60

XI-10 Net assets at end of year$3,083,942

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Islamorada Foundation INC FY2022 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 Islamorada Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV