Overview
What is I Love My Island Inc?
I Love My Island Inc is a nonprofit organization situated in Merritt Island, Florida. Their primary mission is to aid and support their local community, as well as individuals in need. They actively engage in assisting the community and participating in local events. Their operations are based at 245 Crockett Blvd, providing a tangible presence within the community they serve. The organization's initiatives are geared towards uplifting and empowering their local population, making a positive impact on the lives of many.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 69%)
I Love My Island Inc has received a two-star rating from Charity Navigator, indicating areas needing improvement, particularly in accountability and finance, where it scored 64. The organization demonstrates strong governance with 100% independent board members and no material diversion of assets, reflecting a commitment to ethical oversight. However, it lacks critical policies such as conflict of interest and whistleblower protections, along with missing financial statements and website information.
On the positive side, the organization excels in its program expense ratio, achieving a perfect score of 100%, which signifies its commitment to using funds effectively for its mission. Additionally, it has received perfect scores in areas related to constituent feedback, indicating a robust mechanism for collecting, utilizing, and integrating community input into its operations. This highlights a strong alignment with its constituents' needs and perspectives.
Despite these strengths, the absence of essential financial documentation and policies presents significant limitations that could affect transparency and accountability. The organization may benefit from addressing these gaps to enhance its overall rating and foster greater trust with stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is I Love My Island Inc legitimate?
I Love My Island Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. I Love My Island Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $82,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $262,818
For more financial information, click here
What is the mission statement of I Love My Island Inc?
I Love My Island Inc's mission is centered around assisting the community and offering support to local events and individuals in need. The organization actively works towards this goal, providing aid to families and contributing to community well-being. Their activities are geared towards making a positive impact on the local community, ensuring that events run smoothly and those in need have the necessary support.
Who is the CEO of I Love My Island Inc?
Lou Colombo is the President of I Love My Island Inc.
What is the revenue of I Love My Island Inc?
I Love My Island Inc's revenue in 2022 was $584,158.
Who are the executives of I Love My Island Inc and what are their salaries?
There 36 volunteers at I Love My Island Inc.
Here are 7 key members and their salaries:
- Compensation: $49,000
- Related: $0
- Other: $0
- Compensation: $13,597
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for I Love My Island Inc?
I Love My Island Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of I Love My Island Inc
I Love My Island Inc is a dedicated organization that aims to aid the community and assist local events and individuals in need. Its mission is centered around providing support to the community at large, striving to make a positive impact in various ways. The nonprofit has demonstrated its commitment to this cause by extending a helping hand to families in need within the community. By doing so, I Love My Island Inc plays an essential role in fostering a sense of unity and care within its community.
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Impact
July, 2024
I Love My Island Inc has made a significant impact in MERRITT ISLAND, FL by assisting the local community and families in need. Their support for local events and individuals has helped improve the well-being and quality of life for many people in the area. Their dedication to providing human services and support demonstrates their commitment to making a positive difference in the community.
This information is meant to be a general summary of I Love My Island Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$16,273
- Gross Receipts: $609,815
Assets and Liabilities:
- Total Assets: $193,391
- Total Liabilities: $103,231
- Net Assets: $90,160
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Organization Details
Founding Year
2014
Phone
(321) 453-4121Principal Officer
Lou Colombo
Main Address
245 Crockett Blvd, Merritt Island, FL, 32953
NTEE Category
Code: P20 - Human services
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