LaBelle Nature Park House - Foundation Proposal -

transcript

LaBelle Nature Park LaBelle Nature Park HouseHouse

- Foundation - Foundation Proposal -Proposal -

Presentation by:Presentation by:

John Capece, Ph.D.John Capece, Ph.D.

Intelligentsia International, Inc.Intelligentsia International, Inc.

Narrated by:Narrated by:

Cathy Perry, Intellitemps, Inc.Cathy Perry, Intellitemps, Inc.

Hendry County Courthouse, LaBelle, FloridaHendry County – Pop.

40,000Glades County – Pop.

12,000

LaBelleLaBelle

Nature Nature ParkPark

CaptainCaptainHendryHendryHouseHouse

Park HousePark House

CaloosahatcheeRiver

LaBelleLaBelle

Nature Nature ParkPark

Captain Captain Hendry Hendry HouseHouse

Park HousePark House

Caloosahatchee River

Hendry County Building Industry

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Expenses Amount Annual Years

Purchase $116,000

Closing $4,000

Improvements $20,000

Interest $37,120 8% 4

Taxes $14,000 $3,500 4

Utilities $9,600 $4,800 2

Total $200,720

CHL Park House Holding Costs Estimate

SALE PRICE: $199,000

Paul Puletti, City of LaBelle Mayor

Hendry & Glades, combined, account for only 0.4% of total taxable property value in the 10 counties of south Florida,

The tax base of Hendry & Glades Counties is very limited.

% of Total

County $ Million

0.1% Glades $592

0.3% Hendry $2,329

2.6% Martin $19,328

3.2% Charlotte $23,369

3.5% Monroe $25,828

10.2% Collier $75,240

11.6% Lee $85,669

20.3% Broward $150,285

20.9% Palm Beach $154,186

27.4% Dade $202,125

100% TOTAL $738,950

Section of Tax Code

Description of Organization

General Nature of Activities

Contributions Allowable

501(c)(2)Title Holding Corporation For Exempt Organization

Holding title to property of an exempt organization

501(c)(3)Religious, Educational, Charitable, Scientific, Literary Organizations

Activities of nature implied by description of class of organization

Private Foundations

All 501(c)(3) organizations that don't qualify as public charities. Some private foundations are additionally subclassified as private operating foundations or private non-operating foundations, which receive some of the advantages of public charities.

Structure of Deed Holding Organization

2. John Capece, President

Intelligentsia International

3. Mel Karau, Past President

Rotary Club of LaBelle

Foundation Directors

1. Donor Representative1. Donor Representative

Other Potential Foundation Directors

Planning, Fundraising

Grants, Donations

Full vision of the Center goals

Goals – improving ongoing natural resources education programs for students

Goals – restoring Caloosahatchee oxbows

Goals – constructing canoe landing and outposts

Goals – constructing canoe and kayak trails

Goals – constructing natural resources education center

Goals – establishing international mentorship program

Foundation Project Costs

Purchase Price $199,000

Title Co. Closing Costs $3,100

Property Taxes $4,100

Homeowners Insurance $1,200

Survey $800

Appraisal Fee $300

Purchase Subtotal $208,500

Improvements & Maintenance $5,000

Foundation Administration $6,500

Project Total $220,000