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Nonprofiteer
← VILLAGE ON THE ISLE FOUNDATION INC

Form 990 for tax year 2023

Filed by VILLAGE ON THE ISLE FOUNDATION INC.

Totals

Total revenue
$209,517
Total expenses
$109,542
Contributions and grants received
$187,872
Grants paid
$100,000
Program service revenue
$0
Investment income
$27,327
Other revenue
-$5,682
Total assets, end of year
$1,269,115
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,269,115
Program services expenses (Part IX)
$100,000
Management and general expenses
$9,542
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $47,231

  • 1f · All other contributions, gifts and grants

    $140,641

  • 1g · Noncash contributions included above

    $120

  • 3 · Investment income

    total $26,214 · excluded $26,214

  • 7a · Gross sales of assets other than inventory

    securities $218,586

  • 7b · Less cost or other basis and sales expenses

    securities $217,473

  • 7c · Gain or loss

    securities $1,113

  • 7d · Net gain or loss

    total $1,113 · excluded $1,113

  • 8a · Fundraising events: gross income

    $16,125

  • 8a · Fundraising events: contributions included on line 1c

    $47,231

  • 8b · Fundraising events: direct expenses

    $21,807

  • 8c · Net income from fundraising events

    total -$5,682 · excluded -$5,682

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 13 · Office expenses

    total $9,542 · management and general $9,542

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $108,094 · end of year $189,212

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,199 · end of year $2,166

  • 11 · Investments: publicly traded securities

    beginning of year $953,910 · end of year $1,077,737

  • 27 · Net assets without donor restrictions

    beginning of year $1,064,203 · end of year $1,269,115

Mission and programs · 2023

Mission

ORGANIZED TO RAISE FUNDS EXCLUSIVELY FOR AND TO SUPPORT THE PROGRAMS OF VILLAGE ON THE ISLE AND ITS RESIDENTS.

Activities or mission (Part I)

TO SUPPORT SOUTHWEST FLORIDA RETIREMENT CENTER, INC. D/B/A VILLAGE ON THE ISLE, INC.

  • THE FOUNDATION IS TO SUPPORT VILLAGE ON THE ISLE (VOTI).

    Expenses $100,000 · Grants $100,000

As filed on the 2023 return.

Listed in Part VII

  • Rev Dr Brian Armen

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chris Menzies

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tom Hanks

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rev Donald Hillerich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Puthoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Douglas Feller

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $349,911
    From this org
    $0
    From related orgs
    $338,224
    Other
    $11,687
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,724 related
    Bonus
    $0 + $67,500 related
    Other
    $0
    Deferred
    $0 + $1,500 related
    Nontaxable benefits
    $0 + $10,187 related
    Filer's total
    $0 + $349,911 related

  • Kathleen Rogers

    CHIEF FINANCIAL OFFICER

    Total calculated
    $259,942
    From this org
    $0
    From related orgs
    $248,669
    Other
    $11,273
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,373 related
    Bonus
    $0 + $33,296 related
    Other
    $0
    Deferred
    $0 + $1,500 related
    Nontaxable benefits
    $0 + $9,773 related
    Filer's total
    $0 + $259,942 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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 4
DOUGLAS FELLER AND SOUTHWEST FLORIDA RETIREMENT CENTER, INC. (THROUGH THE BOARD OF TRUSTEES) ENTERED INTO AN EXECUTIVE EMPLOYMENT AGREEMENT. THIS AGREEMENT IDENTIFIES THE PROVISION OF SERVICES AS WELL AS COMPENSATION AND BENEFITS. COMPENSATION MAY BE ADJUSTED FROM TIME TO TIME. THE EXECUTIVE COMMITTEE (5 MEMBERS), WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS, EVALUATES THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER. AFTER EACH CALENDAR YEAR, AFTER A SATISFACTION OF PERFORMANCE OF CRITERIA AND GOALS IS EVALUATED, THE BOARD OF TRUSTEES IN ITS DISCRETION MAY APPROVE A BONUS BASED ON PERFORMANCE CRITERIA AND GOALS.

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

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
2023
Filed
2 August 2024
IRS schema version
2023v5.1
Source object
202442189349300774

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