OLD VERO ICE AGE SITES COMMITTEE INC

EIN: 273101937 501(c)(3)

VERO BEACH, FL

Total Revenue
$27,244
Total Expenses
$98,480
Total Assets
$89,121
Net Assets
$59,076
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
RANDOLPH B OLD
Phone
7725843424
Tax Period
2022-01-01 to 2022-12-31

OLD VERO ICE AGE SITES COMMITTEE INC, founded in 2011, is a micro nonprofit that reported $27K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 261% operating deficit.

Mission

EXCAVATE IMPORTANT ICE AGE ARCHAELOGICAL AND PALEONTOLOGICAL SITES IN VERO BEACH AND INDIAN RIVER COUNTY, FLORIDA; AND IN THE PROCESS PROMOTE EDUCATION AND UNDERSTANDING OF THEIR CONTENTS AND HISTORY.

Program Service Accomplishments

Program 1
Expenses: $92,350

OVIASC, IN PARTNERSHIP WITH INDIAN RIVER STATE COLLEGE, IS TAKING A YEAR AWAY FROM EXCAVATIONS TO DOCUMENT, PUBLISH, AND DISPLAY WHAT HAS BEEN FOUND IN FOUR YEARS OF RESEARCH AT THE CELEBRATED OLD...

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OVIASC, IN PARTNERSHIP WITH INDIAN RIVER STATE COLLEGE, IS TAKING A YEAR AWAY FROM EXCAVATIONS TO DOCUMENT, PUBLISH, AND DISPLAY WHAT HAS BEEN FOUND IN FOUR YEARS OF RESEARCH AT THE CELEBRATED OLD VERO SITE (8IR009). GENERALLY SPEAKING, FOR EACH HOUR OF EXCAVATION, ATTENDANT RESEARCH, ANALYSES, AND WRITE UP TAKE 15 HOURS. IN SHORT, IT IS NOT WHAT YOU FIND BUT WHAT YOU FIND OUT THAT MATTERS. AN ARCHAEOLOGIST'S DUTY TO THE DISCIPLINE AND TO ITS BENEFACTORS IS TO EXPLAIN WHAT HAS BEEN LEARNED, AND HOW ANY SITE FITS INTO THE LOCAL, REGIONAL, AND BROADER CONTEXT. THE OLD VERO SITE IS DIRECTED BY ONE OF THE COUNTRY'S BEST EARLY MAN ARCHAELOGISTS, DR. J.M. ADOVASIO. THE EXCAVATIONS AT THE OLD VERO SITE WERE MONITORED ON A DAILY BASIS BY DR. C.A. HEMMINGS, A RENOWNED FLORIDA EARLY MAN SPECIALIST. THE EXCAVATION SEASON IN THE STUDY AREA USUALLY EXTENDS FROM JANUARY THROUGH JUNE WITH ANALYSES CONTINUING YEAR-ROUND. THE OLD VERO PROJECT AND RELATED RESEARCH IS FUNDED JOINTLY BY DONATIONS TO OVIASC AND MATCHING GRANTS FROM THE STATE OF FLORIDA'S DIVISION OF HISTORIC PRESERVATION. THE OLD VERO SITE WAS FIRST EXCAVATED CA. 100 YEARS AGO BY THEN FLORIDA STATE GEOLOGIST DR. E.H. SELLARDS. THE RECENT EXCAVATIONS HAVE SUGGESTED A HUMAN PRESENCE AT THE OLD VERO SITE THAT MAY BE 13,000 TO 14,000 YEARS OLD, MAKING IT ONE OF THE MOST IMPORTANT EARLY MAN SITES IN THE COUNTRY. OVER 500 SUPPORTERS HAVE HELPED FUND THE PROJECT, 250 LOCAL VOLUNTEERS HAVE WORKED AT THE SITE, AND 1,000 PEOPLE TOURED THE EXCAVATION EACH OF THE LAST THREE SEASONS. EDUCATIONAL PRESENTATIONS AND SITE TOURS HAVE BEEN GIVEN TO A WIDE RANGE OF SCHOOL STUDENTS. DR. ADOVASIO AND DR. HEMMINGS, PLUS OTHER NOTABLE ARCHAEOLOGISTS, HAVE GIVEN TALKS TO AT LEAST 5,000 INTERESTED CITIZENS IN THE LOCAL COMMUNITY AND HAVE ALSO OFFERED PRESENTATIONS AT NATIONAL ARCHAEOLOGICAL CONFERENCES. THE OLD VERO SITE CONTINUES TO RECEIVE NATIONAL PUBLICITY ON A REGULAR BASIS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $27,173
Program Service Revenue $0
Investment Income $71
Other Revenue $0
TOTAL REVENUE $27,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $803
Program Expenses $92,350
Other Expenses $98,480
TOTAL EXPENSES $98,480

Year-over-Year Comparison

2022 2021 Change
Revenue $27,244 $35,005 -0.2%
Expenses $98,480 $33,053 +2.0%
Net Income $-71,236 $1,952 -37.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDOLPH B OLD CHAIRMAN 9.00
Officer Director
$0 $0 $0
ANNE DUNN SECRETARY 9.00
Officer Director
$0 $0 $0
CAROL FENNELL MEMBER 9.00
Director
$0 $0 $0
PEGGY LYON MCCOY MEMBER 9.00
Director
$0 $0 $0
MARY SINGER TREASURER 9.00
Officer Director
$0 $0 $0
RUTH STANBRIDGE MEMBER 9.00
Director
$0 $0 $0
SANDRA RAWLS MEMBER 9.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $27,244 $98,480 $89,121 $-71,236
2021 $35,005 $33,053 $130,737 $1,952
2020 $47,987 $43,672 $128,785 $4,315
2019 $66,272 $136,561 $148,237 $-70,289
2018 $527,607 $467,672 $140,526 $59,935
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