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Nonprofiteer
← SWFLCF SUPPORT ORGANIZATION INC

Form 990 for tax year 2022

Filed by SWFLCF SUPPORT ORGANIZATION INC.

Totals

Total revenue
-$363,562
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$363,562
Total assets, end of year
$8,889,875
Total liabilities, end of year
$9,500,000
Net assets or fund balances, end of year
-$610,125
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$527,562

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $164,000

  • 6b · Less rental expenses

    real property $527,562

  • 6c · Rental income or loss

    real property -$363,562

  • 6d · Net rental income or loss

    total -$363,562 · excluded -$363,562

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,203 · end of year $12,226

  • 4 · Accounts receivable

    beginning of year $0 · end of year $85,500

  • 10a · Land, buildings and equipment: cost or other basis

    $10,537,157

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,745,008

  • 10c · Land, buildings and equipment, net

    beginning of year $9,183,234 · end of year $8,792,149

  • 23 · Secured mortgages and notes payable

    beginning of year $9,500,000 · end of year $9,500,000

  • 27 · Net assets without donor restrictions

    beginning of year -$246,563 · end of year -$610,125

Mission and programs · 2022

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, OR TO PERFORM THE FUNCTIONS, OR TO CARRY OUT THE PURPOSES AND/OR ACTIVITIES OF SOUTHWEST FLORIDA COMMUNITY FOUNDATION, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION, SO LONG AS THOSE PURPOSES AND/OR ACTIVITIES ARE WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2).

  • TO ACQUIRE AND OPERATE BY PURCHASE, LEASE, OR GIFT REAL OR PERSONAL PROPERTY INTERESTS IN THE FORMER ATLANTIC COAST TRAIN STATION AND SURROUNDING PROPERTY IN THE CITY OF FORT MYERS; REHABILITATE THE PROPERTY; AND CONSTRUCT A 13,160 SQUARE FOOT BUILDING ADJACENT TO THE TRAIN STATION TO HOUSE THE FOUNDATION'S OFFICES AND A COLLABORATORY, A SPACE WHERE COLLABORATIONS ARE CONDUCTED BETWEEN THE FOUNDATION, NONPROFIT ORGANIZATIONS, GOVERNMENT AGENCIES, AND BUSINESSES TO IMPROVE THE LIVES IN SOUTHWEST FLORIDA.

    Expenses $527,562 · Revenue $78,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Owen

    CEO (THROUGH 5/23/23)

    Total calculated
    $389,052
    From this org
    $0
    From related orgs
    $350,413
    Other
    $38,639
    Hours/week
    5 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,422 related
    Bonus
    $0
    Other
    $0 + $45,991 related
    Deferred
    $0 + $26,061 related
    Nontaxable benefits
    $0 + $12,578 related
    Filer's total
    $0 + $389,052 related

  • Terry Mazany

    DIRECTOR (AS OF 5/23/23)

    Total calculated
    $240,012
    From this org
    $0
    From related orgs
    $231,750
    Other
    $8,262
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,501 related
    Nontaxable benefits
    $0 + $1,761 related
    Filer's total
    $0 + $240,012 related

  • John M Pollock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John T Gamba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald E Penn

    TREASURER (THROUGH 7/1/22)

    Total calculated
    $72,381
    From this org
    $0
    From related orgs
    $68,164
    Other
    $4,217
    Hours/week
    5 + 51 related

  • Marina Nassif

    TREASURER (AS OF 7/1/22)

    Total calculated
    $120,030
    From this org
    $0
    From related orgs
    $104,657
    Other
    $15,373
    Hours/week
    5 + 52 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN. THERE WERE $0 CONTRIBUTIONS INTO THE PLAN AND $0 PAYMENTS FROM THE PLAN FOR CALENDAR YEAR 2022.
PART III - OTHER ADDITIONAL INFORMATION
THE COMPENSATION AND BENEFIT INFORMATION REPORTED IN PART II OF SCHEDULE J IS MERELY PROVIDED AS PART OF THE REQUIRED RELATED ORGANIZATION DISCLOSURE FOR THE SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC. THE SWFLCF SUPPORT ORGANIZATION INC DOES NOT COMPENSATE ANY OF ITS BOARD MEMBERS OR OFFICERS AND DOES NOT HAVE ANY EMPLOYEES. THE COMPENSATION FOR THE ORGANIZATION'S CEO IS SET AND DETERMINED BY ITS RELATED ORGANIZATION, SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC., USING OR MORE OF THE METHODS ON SCHEDULE J, PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323139349303262

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