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William R Gaines Jr Veteran Memorial Fund Inc

aka William R Gaines Jr Veteran Memorial Park   |   Port Charlotte, FL   |  http://wrgainesjr.og
GuideStar Charity Check

William R Gaines Jr Veteran Memorial Fund Inc

EIN: 81-5393249

Mission

The goal of the William R. Gaines Jr. Veteran Memorial Fund is to honor his deep commitment and willingness to die for a country he believed in.

Ruling year info

2017

Principal Officer

Michael Gaines

Main address

3280-55A Tamiami Trail Unit 121

Port Charlotte, FL 33952 USA

Show more contact info

Formerly known as

William R Gaines Jr Vetran Memorial Fund Inc

EIN

81-5393249

Subject area info

Community recreation

Parks

Population served info

Children and youth

Families

NTEE code info

Community Recreational Centers (N31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We are developing a public park and memorial to honor those killed in the Beirut bombing on 23 October 1983. The Port Charlotte, Florida park was recently renamed in memory of William R. Gaines, Jr., a local Marine who perished in the tragedy.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

William R Gaines Veteran Memorial Park Project

Helping to raise funds to build new amenities for a public park in Port Charlotte, FL.

Population(s) Served
Families
Children and youth

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The immediate goal is to build the Beirut Peacekeepers Memorial Tower in 2020. This Tower will serve to memorialize the marines, soldiers and sailors killed in the bombing, but will also present a timeline of events leading up to that fateful day. The Tower will educate visitors and preserve the history and legacy of bravery, devotion and sacrifice.

A capital campaign is currently in the quiet phase. Board development is underway and leadership is being installed. Design work is complete and construction is slated to begin by spring of 2020.

The organization is well-placed within the local community, as well as regionally and nationally to succeed.

Quiet fundraising has begun and the project was introduced to a select, but important, audience in October 2019. The design is complete and construction is expected to begin in February 2020. The organization is continuing to develop its board.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.

  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

William R Gaines Jr Veteran Memorial Fund Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 5 years

Months of cash in 2021 info

SOURCE: IRS Form 990

10

Average of 12.2 over 5 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

0%

Average of 0% over 5 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

William R Gaines Jr Veteran Memorial Fund Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

William R Gaines Jr Veteran Memorial Fund Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

William R Gaines Jr Veteran Memorial Fund Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of William R Gaines Jr Veteran Memorial Fund Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 picture_as_pdf View full report cloud_downloadDownload data

Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $308,664 $191,456 $47,925 $43,674 $110,553
As % of expenses 4952.1% 285.1% 327.9% 617.9% 71.4%
Unrestricted surplus (deficit) after depreciation $308,664 $191,456 $47,925 $43,674 $110,553
As % of expenses 4952.1% 285.1% 327.9% 617.9% 71.4%
Revenue composition info
Total revenue (unrestricted & restricted) $310,456 $257,891 $44,827 $46,013 $268,853
Total revenue, % change over prior year 0.0% -16.9% -82.6% 2.6% 484.3%
Program services revenue 0.0% 0.0% 0.0% 67.5% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.7% 3.7% 24.2% 18.0% 2.6%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 98.2% 96.3% 72.6% 4.6% 97.4%
Other revenue 0.1% 0.0% 3.2% 10.0% 0.0%
Expense composition info
Total expenses before depreciation $6,233 $67,158 $14,616 $7,068 $154,919
Total expenses, % change over prior year 0.0% 977.5% -78.2% -51.6% 2091.8%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.0% 7.0% 32.8% 81.5% 3.9%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 86.2% 59.3% 0.0% 90.5%
All other expenses 100.0% 6.8% 7.9% 18.5% 5.7%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $6,233 $67,158 $14,616 $7,068 $154,919
One month of savings $519 $5,597 $1,218 $589 $12,910
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $6,752 $72,755 $15,834 $7,657 $167,829

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 2.0 6.9 4.2 37.7 10.0
Months of cash and investments 594.3 88.1 377.6 722.4 41.2
Months of estimated liquid unrestricted net assets 594.3 89.4 450.0 1004.6 54.4
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $1,024 $38,515 $5,110 $22,232 $128,765
Investments $307,640 $454,730 $454,864 $403,255 $402,652
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $308,664 $500,120 $548,045 $591,719 $702,272

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination
Form 1023/1024 is not available for this organization

Principal Officer

Michael Gaines

Number of employees

Source: IRS Form 990

William R Gaines Jr Veteran Memorial Fund Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

William R Gaines Jr Veteran Memorial Fund Inc

Board of directors
as of 04/06/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Michael Gaines


Board co-chair

Jeffery Mosher

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 3/5/2023
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 03/05/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.