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Friends of the Island Parks Inc

EIN 27-0001681 · Dunedin, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceFair62 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Friends of the Island Parks, Inc., as provided in its bylaws, is to act as a Florida Citizen Support Organization in order to generate additional resources and support for and in the best interest of Honeymoon Island and Caladesi Island state parks, through fundraising, educational, and outreach programs. In 2022 Friends membership was about 650.

Income
$103,649
Spending
$87,011
Spent on programs
63%
Reserves
19.6 months of spending
Largest source of income
other income, 63%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 49% of charities in its peer group (recreation and sports, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 19.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 16% of income.

  • Income trend

    0 of 15

    Income fell 32% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 62 out of 100. Higher than 57% of charities in its peer group (recreation and sports, under $250k).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $11,634 spent. The Friends of the Island Parks Inc continued to support the Florida Park Service mission to provide resource based recreation while preserving, interrpreting and restoring natural and cultural resources by developing and promoting educational tours, ecological displays and learning activities at the Honeymoon Island Rotary Centennial Nature Center RCNC on Honeymoon Island for all visitors to enjoy. The RCNC is open 365 days a year. During 2024 Honeymoon Island Park was closed from September 20, 2024 through the end of the year due to Hurricane Helene and Hurricane Milton damage. In 2024 the Nature Center served approximately 26,000 visitors. The Friends contributed a cash grant of 10,794 to fund a Ranger position at the RCNC and 840 for RCNC WiFi access.
  2. $34,225 spent. The Friends of the Island Parks Friends continued to assist the parks in their mission by fund-raising for the Park. The Friends purchased Club Golf Cart 15,382, John Deere Gator vehicle 13,476, reparied Nature Center stairs 1,720, smal tools for the shop 730, turtle protection wood and fencing 777, reimbursed a staff menber conference fee 1,441, Park employee appreciation event 607, and miscellaneous items 92.
  3. $9,000 spent. The Friends of the Island Parks Inc paid 9,000 for displays for the Caladesi Discovery Center.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2002.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.