Overview
What is Friends Of Lovers Key Inc?
Friends of Lovers Key Inc is a nonprofit organization based in Bonita Springs, Florida, primarily focused on supporting and preserving Lovers Key State Park. Their mission encompasses assisting the park in its recovery from natural disasters, such as Hurricane Ian, and funding projects like the Welcome and Discovery Center. They aim to increase public awareness of the park, strengthen membership, and foster transparency in their financial processes. To achieve these goals, they engage in community outreach, fundraising, and committee reorganization. Currently, due to the damage caused by Hurricane Ian, the park is closed for reconstruction, and Friends of Lovers Key Inc has redirected their efforts towards aiding in the park's recovery.
Official website here: www.friendsofloverskey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
Friends Of Lovers Key Inc has received a low rating of 59%, which indicates significant concerns regarding its accountability and financial practices. While the organization has made positive strides by having a fully independent board and adhering to certain transparency practices, critical policies such as a whistleblower policy and document retention procedures are missing, which is concerning for potential donors and supporters.
The organization's strength lies in its governance, as it demonstrates a commitment to having an independent board and has no reported material diversion of assets. However, the organization struggles with financial efficiency, particularly reflected in its program expense ratio, which is below expectations, indicating that a smaller percentage of its expenses are directed toward its charitable programs.
In summary, while Friends Of Lovers Key Inc shows strengths in governance and transparency in some areas, the lack of essential policies and lower program expense ratio raise red flags regarding its overall effectiveness and financial management. Potential supporters should consider these factors when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Friends Of Lovers Key Inc?
100% of 19 reviewers on Facebook recommend Friends Of Lovers Key Inc. The general sentiment is overwhelmingly positive, highlighting the nonprofit as a beloved destination for nature lovers and those seeking tranquility.
Many users appreciate the serene environment, emphasizing its picturesque landscapes and the opportunity for a peaceful walk along the shores. The combination of pure nature and a well-maintained recreational area makes it a top choice for relaxation in Southwest Florida.
Overall, there's a strong consensus that Friends Of Lovers Key Inc. succeeds in providing a beautiful and calming experience for visitors, making it a valuable spot in the community.
This AI summary has been generated from reviews found on Facebook.
Is Friends Of Lovers Key Inc legitimate?
Friends Of Lovers Key Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Lovers Key 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.friendsofloverskey.org
What is the mission statement of Friends Of Lovers Key Inc?
The Friends of Lovers Key Inc, a non-profit organization, aims to protect, preserve, and support Lovers Key State Park. In 2023, their primary goals include assisting the park's recovery from Hurricane Ian and raising funds for the completion of a Welcome and Discovery Center, its operations, and related education programs. They also aim to increase park visitation and strengthen membership by engaging the community and enhancing awareness. To achieve these objectives, they establish advisory groups, reorganize and restructure committees, and emphasize transparency by making critical data available to the public. Their financial processes and programs are continually updated to respond to financial requirements effectively.
Official website here: www.friendsofloverskey.org
Who is the CEO of Friends Of Lovers Key Inc?
James S Remis is the President And Board Chair of Friends Of Lovers Key Inc.
Official website here: www.friendsofloverskey.org
What is the revenue of Friends Of Lovers Key Inc?
Friends Of Lovers Key Inc's revenue in 2022 was $343,639.
Official website here: www.friendsofloverskey.org
Who are the executives of Friends Of Lovers Key Inc and what are their salaries?
There 100 volunteers at Friends Of Lovers Key Inc.
Here are 12 key members and their salaries:
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Official website here: www.friendsofloverskey.org
Where can I find the form 990 for Friends Of Lovers Key Inc?
Friends Of Lovers Key Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofloverskey.org
Learn more at the official website: www.friendsofloverskey.org
Mission Statement of Friends Of Lovers Key Inc
Friends of Lovers Key Inc, a dedicated nonprofit organization, is committed to safeguarding, conserving, and fostering the development of Lovers Key State Park. In 2023, their mission encompasses four key objectives:
1. Collaborating with park staff, the Florida Park Service, donors, and the local community to aid in the recovery of the park post Hurricane Ian.
2. Launching a substantial fundraising campaign to raise the necessary funds for the park's recovery, completion of the Welcome and Discovery Center, and supporting its ongoing operations and educational programs.
3. Engaging the community and providing education to increase awareness about the park's recovery and the benefits of visiting it, with the aim of strengthening the organization's membership.
4. Establishing a high-level advisory group to advise the board, as well as reorganizing and restructuring committees to clearly define roles, responsibilities, and goals for each.
Additionally, Friends of Lovers Key Inc places a strong emphasis on financial transparency. They aim to update their financial processes and programs regularly to ensure a swift response to all financial requirements. Furthermore, they are willing to publish critical data and information about their operations, preserving the trust that donors place in the organization.
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Impact
June, 2024
Friends Of Lovers Key Inc, through its mission to Protect, Preserve, and Support Lovers Key State Park, has had a significant impact in the face of adversity. After Hurricane Ian caused extensive damage to the park, Friends Of Lovers Key has been actively working to assist the park in its recovery efforts. By collaborating with park staff, the Florida Park Service, members, donors, and the community, the organization aims to help Lovers Key State Park rebuild and reopen stronger than before.
One of the key goals for Friends Of Lovers Key is to raise funds to complete the Welcome and Discovery Center and support its ongoing operations and education programs. This not only enhances the visitor experience but also contributes to the overall conservation and preservation of the park's natural beauty.
Through community involvement and education, Friends Of Lovers Key is also working to raise awareness about the park's restoration efforts and promote a message of "Loving Lovers Key." By engaging with the community and providing updates on the park's progress, the organization is building support for the park's reopening and fostering a stronger connection between people and nature.
Additionally, Friends Of Lovers Key is focused on improving its financial processes and transparency to ensure efficient and effective handling of funds for the park's recovery. By updating financial programs and promoting transparency in its operations, the organization is strengthening donor trust and support for its mission.
Overall, Friends Of Lovers Key Inc's impact lies in its dedicated efforts to help Lovers Key State Park recover from the devastation of Hurricane Ian, preserve the park's natural environment, and foster a sense of community and stewardship towards this important natural resource.
This information is meant to be a general summary of Friends Of Lovers Key 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: $66
- Program Service Revenue: $60,075
- Gross Receipts: $463,008
Assets and Liabilities:
- Total Assets: $1,324,166
- Total Liabilities: $37,457
- Net Assets: $1,286,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education Programs
Revenue
$3,449
Boat Show
Revenue
$18,031
Wedding Vow Renewal Ceremony
Revenue
$7,650
Environmental Speaker Series
Revenue
$3,560
Children Eco Camps
Revenue
$25,302
Organization Details
Founding Year
1997
Phone
(239) 463-4588Principal Officer
James S Remis
Main Address
8700 Estero BLVD, Bonita Springs, FL, 33931
Website
www.friendsofloverskey.orgNTEE Category
Code: C30 - Environment
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