Civic Intelligence

Trefethen Evergreen Improvement

990 • Fiscal year 2023 • EIN 01-0173095

Oct 01, 2022 to Sep 30, 2023 • Filed on Dec 28, 2023

PO Box 87Peaks Island, ME 04108

(207) 318-5759

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.01x

Higher debt load relative to revenue than 45% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

71st percentile

9.1%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-10%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$670,535

Up $55,650 (+9.1%) from 2022

Net Assets

Up

$666,486

Up $58,411 (+9.6%) from 2022

Liabilities

Down

$4,049

Down $2,761 (-41%) from 2022

Revenue

Down

$311,589

Down $35,062 (-10%) from 2022

Expenses

Up

$264,649

Up $19,336 (+7.9%) from 2022

Net Income

Down

$46,940

Down $54,398 (-54%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $200,574Liabilities 2011: $0Net Assets 2011: $200,5742011Assets 2012: $257,739Liabilities 2012: $0Net Assets 2012: $257,7392012Assets 2013: $260,462Liabilities 2013: $0Net Assets 2013: $260,4622013Assets 2014: $299,191Liabilities 2014: $0Net Assets 2014: $299,1912014Assets 2015: $294,271Liabilities 2015: $0Net Assets 2015: $294,2712015Assets 2016: $321,861Liabilities 2016: $0Net Assets 2016: $321,8612016Assets 2017: $377,248Liabilities 2017: $0Net Assets 2017: $377,2482017Assets 2018: $441,676Liabilities 2018: $0Net Assets 2018: $441,6762018Assets 2019: $484,005Liabilities 2019: $0Net Assets 2019: $484,0052019Assets 2020: $484,822Liabilities 2020: $56,102Net Assets 2020: $428,7202020Assets 2021: $603,888Liabilities 2021: $59,167Net Assets 2021: $544,7212021Assets 2022: $614,885Liabilities 2022: $6,810Net Assets 2022: $608,0752022Assets 2023: $670,535Liabilities 2023: $4,049Net Assets 2023: $666,4862023Assets 2024: $739,331Liabilities 2024: $3,269Net Assets 2024: $736,0622024Assets 2025: $940,532Liabilities 2025: $59,719Net Assets 2025: $880,8132025

Highlighted filing

2023

Assets$670,535
Liabilities$4,049
Net Assets$666,486

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $269,593Expenses 2011: $311,130Net Income 2011: -$41,5372011Revenue 2012: $206,148Expenses 2012: $152,263Net Income 2012: $53,8852012Revenue 2013: $178,137Expenses 2013: $181,123Net Income 2013: -$2,9862013Revenue 2014: $210,281Expenses 2014: $172,166Net Income 2014: $38,1152014Revenue 2015: $189,182Expenses 2015: $183,670Net Income 2015: $5,5122015Revenue 2016: $213,014Expenses 2016: $199,822Net Income 2016: $13,1922016Revenue 2017: $242,065Expenses 2017: $199,568Net Income 2017: $42,4972017Revenue 2018: $254,236Expenses 2018: $190,760Net Income 2018: $63,4762018Revenue 2019: $242,971Expenses 2019: $205,718Net Income 2019: $37,2532019Revenue 2020: $144,930Expenses 2020: $188,411Net Income 2020: -$43,4812020Revenue 2021: $331,800Expenses 2021: $245,443Net Income 2021: $86,3572021Revenue 2022: $346,651Expenses 2022: $245,313Net Income 2022: $101,3382022Revenue 2023: $311,589Expenses 2023: $264,649Net Income 2023: $46,9402023Revenue 2024: $339,884Expenses 2024: $297,026Net Income 2024: $42,8582024Revenue 2025: $466,449Expenses 2025: $300,943Net Income 2025: $165,5062025

Highlighted filing

2023

Revenue$311,589
Expenses$264,649
Net Income$46,940
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Dec 28, 2023
Return Version
2022v5.0
Gross Receipts
$330,731
Mission and Program Overview

Mission

The Association supports the Peaks Island community by offering facilities and programs for people of all ages (i) in sailing, boating, water safety, racquet sports, youth camps, performing and visual arts, (ii) in educational programs on history, current affairs, literary, art, music, cultural and other topics of interest, and (iii) in activities offered by other qualifying tax-exempt non-profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$608,075$666,486▲ $58,411
Land, Buildings, and Equipment, Net$247,178$243,572▼ $3,606
Investments in Publicly Traded Securities$156,790$176,461▲ $19,671
Cash and Non-Interest-Bearing Accounts$102,885$130,801▲ $27,916
Savings and Temporary Cash Investments$96,932$104,602▲ $7,670
Accounts Receivable$11,100$15,099▲ $3,999
Total Assets$614,885$670,535▲ $55,650
Liabilities
Other Liabilities$6,810$4,049▼ $2,761
Total Liabilities$6,810$4,049▼ $2,761
Net Assets / Fund Balance
Total Net Assets Fund Balance$608,075$666,486▲ $58,411
Total Liabilities and Net Assets / Fund Balance$614,885$670,535▲ $55,650

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$243,572$290,695$534,267
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Molly Honan DiLorenzoDirector & Chairperson
Grace MacLeodDirector & Vice-Chairperson
Basil KlosteridisDirector
Chris Harper-FaheyDirector
Dorothy SchroederDirector
Francis HavardDirector
Fred SomersDirector
Jeff MarksDirector
Joanne MacIsaacDirector
Julia NordDirector
Keith DavisDirector
Mark MillarDirector
Maureen HallDirector
Meredith BellDirector
Paul CastleDirector
Rick WhaleyDirector
Rob MehardDirector
Chris BellDirector & Secretary
David HaysDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,811
Program Service Revenue
$128,587
Investment Income
$9,248
Other Revenue
$96,943
All Other Contributions
$11,501
Change in Net Assets
$46,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,354
Salaries, Compensation, and Employee Benefits$87,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$79,534
Occupancy$0$0$0$63,128
Insurance$0$0$0$28,064
Depreciation Depletion$0$0$0$26,297
All Other Expenses$0$0$0$14,598
Payroll Taxes$0$0$0$7,761
Advertising$0$0$0$2,001
Other Expenses$0$0$0$2,000
Total Functional Expenses$0$0$0$264,649
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,185
Fundraising Direct Expenses$19,142
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Exchange$2,869
Wedding Deposits$1,030
Club Rental Deposits$150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Trefethen-Evergreen Improvement Association
EIN
01-0173095
Phone
2073185759
Address
PO Box 87, Peaks Island, ME 04108

Signing Officer

Name
David Hays
Title
Treasurer
Phone
2073185759
Signed
2023-12-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hays
Formed
1914
Legal Domicile
Me
Voting Board Members
19
Independent Board Members
19
Employees
17
Volunteers
60

Preparer

Firm
Johnson & Company CPA Pc
Address
180 US ROUTE ONE, SCARBOROUGH, ME 04074
Preparer
Glenn P Johnson CPA
Phone
2075106633
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Members pay dues to join the organization.

Pt VI, Line 7A

Members elect one-third of the board each year at the annual meeting - directors serve for three year terms.

Pt VI, Line 8B

Formal minutes are maintained for all Board of Governors meetings but not by the operating committees.

Pt VI, Line 11B

The filing is prepared by the Treasurer and Assistant Treasurer and reviewed by the Executive Committee of the Board of Governors during the off-season.

Pt VI, Line 19

Financial statements are presented to the membership at the annual meeting.

Pt VI, Line 2

Two of the directors are husband and wife.

Form 990, Part III, Line 4D

We have a small fitness facility and run a youth day 11271. 17700.

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IRS990/LegalDomicileStateCd0ME
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt065310
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Association supports the Peaks Island community by offering facilities and programs for people of all ages (i) in sailing, boating, water safety, racquet sports, youth camps, performing and visual arts, (ii) in educational programs on history, current affairs, literary art, music, cultural and other topics of interest, and (iii) in activities offered by other qualifying tax-exempt non-profit organizations.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0608075
IRS990/NetAssetsOrFundBalancesEOYAmt0666486
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt044043
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt044043
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt052900
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt052900
IRS990/NetUnrelatedBusTxblIncmAmt09248
IRS990/NetUnrlzdGainsLossesInvstAmt011471
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt063128
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Administrative Expenses
IRS990/OtherExpensesGrp/Desc1Direct Program Expenses
IRS990/OtherExpensesGrp/Desc2Payroll Fees
IRS990/OtherExpensesGrp/Desc3Grant Expense
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt09886
IRS990/OtherExpensesGrp/TotalAmt130715
IRS990/OtherExpensesGrp/TotalAmt2665
IRS990/OtherExpensesGrp/TotalAmt32000
IRS990/OtherLiabilitiesGrp/BOYAmt06810
IRS990/OtherLiabilitiesGrp/EOYAmt04049
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt079534
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt07761
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0David Hays
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Youth Programs
IRS990/ProgramServiceRevenueGrp/Desc1Tennis Income
IRS990/ProgramServiceRevenueGrp/Desc2Sailing Income
IRS990/ProgramServiceRevenueGrp/Desc3Boating/Docking Income
IRS990/ProgramServiceRevenueGrp/Desc4Pickleball Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt341953
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4265
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Over 160 adults and youth participated in tennis including instructional lessons by coaches; open play and tournaments.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016090
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025301
IRS990/ProgSrvcAccomActy3Grp/Desc0Over 73 youth received professional educational instruction in sailing optis and 420 sailboats and participated in regional competitions.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt030832
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt043956
IRS990/ProgSrvcAccomActyOtherGrp/Desc0We have a small fitness facility and run a youth day camp and various junior activities for member's children.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt011271
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt017700
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134812
IRS990/PYInvestmentIncomeAmt08509
IRS990/PYOtherExpensesAmt0153667
IRS990/PYOtherRevenueAmt085362
IRS990/PYProgramServiceRevenueAmt0117968
IRS990/PYRevenuesLessExpensesAmt0101338
IRS990/PYSalariesCompEmpBnftPaidAmt091646
IRS990/PYTotalExpensesAmt0245313
IRS990/PYTotalRevenueAmt0346651
IRS990/ReconcilationRevenueExpnssAmt046940
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt052900
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt041953
IRS990/SavingsAndTempCashInvstGrp/BOYAmt096932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104602
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0243572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0290695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0534267
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Wedding Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Club Rental Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Exchange
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0243572
IRS990ScheduleD/TotalLiabilityAmt04049
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members pay dues to join the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members elect one-third of the board each year at the annual meeting - directors serve for three year terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Formal minutes are maintained for all Board of Governors meetings but not by the operating committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The filing is prepared by the Treasurer and Assistant Treasurer and reviewed by the Executive Committee of the Board of Governors during the off-season.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Financial statements are presented to the membership at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Two of the directors are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6We have a small fitness facility and run a youth day 11271. 17700.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.41$0.60$8.81$4.66$3.01$1.66
2024Detailed filing. Detailed filing data is available for this year.$7.39$0.03$7.36$3.40$2.97$0.43
2023Detailed filing. Detailed filing data is available for this year.$6.71$0.04$6.66$3.12$2.65$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.15$0.07$6.08$3.47$2.45$1.01
2021Detailed filing. Detailed filing data is available for this year.$6.04$0.59$5.45$3.32$2.45$0.86
2020Detailed filing. Detailed filing data is available for this year.$4.85$0.56$4.29$1.45$1.88$0.43
2019Summary only. Only limited summary data is available for this year.$4.84$0.00$4.84$2.43$2.06$0.37
2018Summary only. Only limited summary data is available for this year.$4.42$0.00$4.42$2.54$1.91$0.63
2017Summary only. Only limited summary data is available for this year.$3.77$0.00$3.77$2.42$2.00$0.42
2016Summary only. Only limited summary data is available for this year.$3.22$0.00$3.22$2.13$2.00$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$1.89$1.84$0.06
2014Summary only. Only limited summary data is available for this year.$2.99$0.00$2.99$2.10$1.72$0.38
2013Summary only. Only limited summary data is available for this year.$2.60$0.00$2.60$1.78$1.81$0.03
2012Summary only. Only limited summary data is available for this year.$2.58$0.00$2.58$2.06$1.52$0.54
2011Summary only. Only limited summary data is available for this year.$2.01$0.00$2.01$2.70$3.11$0.42