Friends of Lovers Key Inc

Nonprofit profile at a glance

EIN
650770374
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-N 2010
Location
Bonita Springs, FL, USA
Phone
2394634588
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Official website

Reported finances

Revenue
$201,379
Expenses
$256,523
Assets
$1,847,791
Liabilities
$184,620

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • James S Remis (President and Board Chair)

People named in this filing

  • Jason Dolle (Director)
  • Carmen Moch (Director)
  • Michele Dunlap (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

FOLKS Mission - Friends of Lovers Key helping to Protect, Preserve and Support Lovers Key State Park. Major Annual Goals: 1 Work with the park staff, the Florida Park Service, FOLKS member and donors and the community to assist Lovers Key State Park recover from Hurricane Ian, Helene and Milton 2 Through a vigorous fundraising effort, raise the funds necessary to assist with the recovery from the Hurricane, maintain the Welcome and Discovery Center and fund its ongoing operations and related education programs. 3 Through community involvement and education enhance awareness that the Park and the Welcome and Discovery Center will be back stronger from the Hurricanes, and reconnect to the Park through the message - Loving Lovers Key - Again 4 Implement Forward Thinks goals to improve parks sustainability

What it reported doing in 2025

Hurricane Ian made landfall on September 28, 2022, within 10 miles of Lovers Key State Park as a category 5 hurricane. The park was severely damaged from the winds of 150 mph and a 12 foot plus storm surge. This damage caused the park to be closed for reconstruction. In 2024 two additional hurricanes, Helene and Milton severely damaged the park . While the park has partially reopened, and Friends of Lovers Key programs have partially restarted, our efforts have been focused on assisting the park recover from the hurricanes through fund raising and assistance in the replacement of equipment and supplies. In addition, we are developing and implementing sustainability projects such a solor installations for the Park Shop Complex

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 71
  • Accountability: 82
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -27.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 7.2; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 44.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 7 filing controls reported
  • Programs: 5 filed program accomplishments · $205K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.