SOUTHWEST FLORIDA MILITARY MUSEUM & LIBRARY INC

EIN: 474992030 501(c)(3) Arts, Culture & Humanities

Fort Myers, FL

Total Revenue
$57,296
Total Expenses
$94,753
Total Assets
$74,649
Net Assets
$-17,377
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
Melissa Lastra
Tax Period
2022-01-01 to 2022-12-31

SOUTHWEST FLORIDA MILITARY MUSEUM & LIBRARY INC, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $57K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 65% operating deficit.

Program Service Accomplishments

Program 1

The Southwest Florida Military Museum Libraty began under the umbrella Invest in Americas Veterans Foundation Inc., which was formed and incorporated as an outreach to local veterans in February...

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The Southwest Florida Military Museum Libraty began under the umbrella Invest in Americas Veterans Foundation Inc., which was formed and incorporated as an outreach to local veterans in February 2009. It first operated at a small storefront on Del Prado Blvd in Cape Coral, FL, before moving its headquarters into a 34,000-square foot facility on Leonard Street on Sept. 9, 2012. In November of 2020 the museum moved to the Edision Mall. The Museum was separately incorporated in 2015. The family-friendly, interactive enviroment features 60 fully dressed mannequins, allowing vistors to better understand the subject and period customs they are viewing. A number of the display stations have individual monitors and two stream videos are included. The history of Cape Corals Iwo Jima statue at Echo Park is presented in a 23 minute streaming video in the Michael Gemi Theater. The secon streaming video honors Capt. Daniel Eggers, a native of cape Coral and a Citadel graduate who was killed in Afghanistan. SW Florid Military Museum Library Inc. is dedicated to honoring our military, preserving and displaying military artifacts and memorabile while educating the public and future generations about our Nations military heritage. We strive to research and present as much United States military history as we can - with displays ranging from the revolutionary war through the Afghanistan conflict. All of our artifacts have been donated or loaned by the military government and very generous individuals. Our volunteers and directors have spent several thousands of hours over the last few years, collecting repairing and cleaning these military items to have them available for viewing to the general public. The southwest Florida Military Museum Library contains over four thousand eight hundred military nonfiction books, manuals, and yearbooks and an extensive collection of books on ships, airplanes, and vehicles and other military subjects. There is a special A1 Cook memorial book model airplan collection as well. A1 Cook was a veteran and author of many war books. There is a large collection of VHS tapes and DVDs pertaining to military history. A 37-star flag is displaed on the back wall of the library. Admission to the Museum is free.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $32,327
Program Service Revenue $0
Investment Income $0
Other Revenue $24,969
TOTAL REVENUE $57,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,932
Fundraising Expenses $275
Other Expenses $52,821
TOTAL EXPENSES $94,753

Year-over-Year Comparison

2022 2021 Change
Revenue $57,296 $203,126 -0.7%
Expenses $94,753 $210,700 -0.6%
Net Income $-37,457 $-7,574 +3.9%
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
3
Independent Members
3
Employees
10
Volunteers
50

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
2
$12,600
Total Directors
3
$12,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Denise Wood VP Aug - Dec 040.00
Officer Director
$12,600 $0 $12,600
Dianee Boland Director 005.00
Director
$0 $0 $0
Melissa Lastra President Aug - Dec 005.00
Officer 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 $57,296 $94,753 $74,649 $-37,457
2021 $203,126 $210,700 $99,658 $-7,574
2020 $237,736 $238,037 $107,122 $-301
2019 $340,350 $285,348 $27,890 $55,002
2018 $227,327 $309,132 $137,941 $-81,805
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