Civic Intelligence

Grindstone Association

990 • Fiscal year 2013 • EIN 01-0202445

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 14, 2014

Organization ProfileN/A
PO Box 2Winter Harbor, ME 04693

(207) 667-6270

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2013 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2013 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2013

Net Margin

85th percentile

22%

Higher net margin than 85% of similar nonprofits.

2013 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2013 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2013

Asset Growth

88th percentile

15%

Faster asset growth than 88% of similar nonprofits.

2013 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

63rd percentile

5.3%

Faster revenue growth than 63% of similar nonprofits.

2013 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$3,003,571

Up $396,350 (+15%) from 2012

Net Assets

Up

$2,997,715

Up $391,621 (+15%) from 2012

Liabilities

Up

$5,856

Up $4,729 (+420%) from 2012

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin85th percentile

Revenue

Up

$413,687

Up $20,937 (+5.3%) from 2012

Expenses

Up

$320,638

Up $7,522 (+2.4%) from 2012

Net Income

Up

$93,049

Up $13,415 (+17%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,440,992Liabilities 2011: $10,630Net Assets 2011: $2,430,3622011Assets 2012: $2,607,221Liabilities 2012: $1,127Net Assets 2012: $2,606,0942012Assets 2013: $3,003,571Liabilities 2013: $5,856Net Assets 2013: $2,997,7152013Assets 2014: $3,236,207Liabilities 2014: $5,327Net Assets 2014: $3,230,8802014Assets 2015: $3,217,264Liabilities 2015: $98,999Net Assets 2015: $3,118,2652015Assets 2016: $3,292,555Liabilities 2016: $27,403Net Assets 2016: $3,265,1522016Assets 2017: $3,558,926Liabilities 2017: $9,369Net Assets 2017: $3,549,5572017Assets 2018: $3,449,735Liabilities 2018: $32,745Net Assets 2018: $3,416,9902018Assets 2019: $3,795,752Liabilities 2019: $9,500Net Assets 2019: $3,786,2522019Assets 2020: $4,344,194Liabilities 2020: $3,425Net Assets 2020: $4,340,7692020Assets 2021: $4,949,323Liabilities 2021: $27,109Net Assets 2021: $4,922,2142021Assets 2022: $4,306,070Liabilities 2022: $16,697Net Assets 2022: $4,289,3732022Assets 2023: $5,832,293Liabilities 2023: $5,516Net Assets 2023: $5,826,7772023Assets 2024: $6,738,121Liabilities 2024: $33,472Net Assets 2024: $6,704,6492024

Highlighted filing

2013

Assets$3,003,571
Liabilities$5,856
Net Assets$2,997,715
Open 2013 Filing

Operations Trend

Revenue Growth63rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $393,558Expenses 2011: $319,294Net Income 2011: $74,2642011Revenue 2012: $392,750Expenses 2012: $313,116Net Income 2012: $79,6342012Revenue 2013: $413,687Expenses 2013: $320,638Net Income 2013: $93,0492013Revenue 2014: $409,377Expenses 2014: $357,741Net Income 2014: $51,6362014Revenue 2015: $633,159Expenses 2015: $434,703Net Income 2015: $198,4562015Revenue 2016: $409,228Expenses 2016: $385,408Net Income 2016: $23,8202016Revenue 2017: $479,855Expenses 2017: $421,169Net Income 2017: $58,6862017Revenue 2018: $575,423Expenses 2018: $403,364Net Income 2018: $172,0592018Revenue 2019: $480,828Expenses 2019: $415,411Net Income 2019: $65,4172019Revenue 2020: $384,294Expenses 2020: $400,564Net Income 2020: -$16,2702020Revenue 2021: $677,119Expenses 2021: $475,516Net Income 2021: $201,6032021Revenue 2022: $673,810Expenses 2022: $522,456Net Income 2022: $151,3542022Revenue 2023: $1,416,740Expenses 2023: $499,086Net Income 2023: $917,6542023Revenue 2024: $918,919Expenses 2024: $689,078Net Income 2024: $229,8412024

Highlighted filing

2013

Revenue$413,687
Expenses$320,638
Net Income$93,049
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 14, 2014
Return Version
2013v3.1
Gross Receipts
$794,171
Mission and Program Overview

Mission

Social club

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,766,879$2,104,028▲ $337,149
Land, Buildings, and Equipment, Net$526,651$533,030▲ $6,379
Investments Other Securities$231,691$203,433▼ $28,258
Cash and Non-Interest-Bearing Accounts$69,388$144,307▲ $74,919
Accounts Receivable$2,600$8,900▲ $6,300
Prepaid Expenses and Deferred Charges$5,390$7,706▲ $2,316
Savings and Temporary Cash Investments$2,063$2,167▲ $104
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,607,221$3,003,571▲ $396,350
Other Assets Total$2,559$0▼ $2,559
Liabilities
Other Liabilities-$3,679-
Accounts Payable and Accrued Expenses$1,127$2,177▲ $1,050
Total Liabilities$1,127$5,856▲ $4,729
Net Assets / Fund Balance
Temporarily Rstr Net Assets$830,897$1,243,462▲ $412,565
Permanently Rstr Net Assets$1,000,000$1,000,000→ $0
Unrestricted Net Assets$775,197$754,253▼ $20,944
Total Net Assets Fund Balance$2,606,094$2,997,715▲ $391,621
Total Liabilities and Net Assets / Fund Balance$2,607,221$3,003,571▲ $396,350

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$482,186-$482,186
Buildings$443,074-$443,074
Land$284,219-$284,219
Other Land Buildings$-676,449$676,449-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,830,897-▲ $351,527-$2,182,371
2012$1,635,897-▲ $195,346-$1,830,897
2011$1,595,887-▲ $46,248$6,000$1,635,897
2010$1,423,083-▲ $183,876$11,000$1,595,887
2009-$275,677-$299$1,423,083
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Martin PotterPresident
Gillian NewsteadVice President
Alita Davis ReedDirector
Deborah O'BrienDirector
Douglas DickDirector
Ellin MillerDirector
Erika LedermanDirector
Howard MarshallDirector
Kimberly HoldenDirector
Virginia LoganDirector
Warren RossDirector
Phelps T RileySecretary
Steven IronsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,000
Program Service Revenue
$307,362
Investment Income
$52,325
Other Revenue
$0
All Other Contributions
$54,000
Change in Net Assets
$93,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,263
Salaries, Compensation, and Employee Benefits$143,375
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$114,781--$114,781
Occupancy$77,544--$77,544
Depreciation Depletion$45,490--$45,490
Other Employee Benefits$18,930--$18,930
Insurance$17,339--$17,339
Payroll Taxes$9,664--$9,664
Fees for Services Accounting-$7,418-$7,418
Office Expenses-$1,596-$1,596
Other Expenses$4,509$1,553-$1,553
All Other Expenses$100$35-$135
Total Functional Expenses$305,386$15,252$0$320,638
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State Income Tax Payable$1,060
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The members represent people from the State of Maine and across the country vacationing in the Winter Harbor, Maine area that pay membership dues in order to help maintain and upkeep the Association's facilities. As a result of paying those membership dues, the members are allowed to use the Association's facilities for the purpose of social interaction and fellowship.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Treasurer and bookkeeper review the 990 before it is signed and filed. The governing body members are spread throughout the United States, making it difficult to have them review the 990 before it is filed. The Association makes every attempt to get the 990 filed timely, without extension. Once the 990 is completed, a copy is sent to all officers for their review. If they have any questions, they contact the Treasurer, who in turns answers the question or gets an answer to the question.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request, copies of the documents will be supplied to the public”

Filing and Contact Details

Filer

EIN
01-0202445
Phone
2076676270

Signing Officer

Name
Steven Irons
Title
Treasurer
Signed
2014-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Irons
Formed
1948
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
0
Employees
15

Preparer

Preparer
James W Wadman CPA
Phone
2076676500
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“There are two endowment funds - a $1,000,000 permanent endowment, with a fair market value of $1,417,598. The $417,598 of income earned is treated as a temporarily restricted asset and is to be used for the operation and maintenance of the swimming pool, pool house and parking lot and a $764,773 temporarily restricted endowment that the $264,773 of income and the $500,000 of principal may be used for capital repair and replacement of existing facilities, including the swimming pool, pool house and parking lot.”

Raw XML AppendixShowing 400 of 482 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Martin Potter
IRS990/Form990PartVIISectionAGrp/PersonNm1Gillian Newstead
IRS990/Form990PartVIISectionAGrp/PersonNm2Steven Irons
IRS990/Form990PartVIISectionAGrp/PersonNm3Phelps T Riley
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IRS990/Form990PartVIISectionAGrp/PersonNm11Virginia Logan
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt021
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt084978
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt084957
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0231691
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0203433
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01766879
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02104028
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0676449
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0526651
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0533030
IRS990/LandBldgEquipCostOrOtherBssAmt01209479
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0380484
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Social club
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02606094
IRS990/NetAssetsOrFundBalancesEOYAmt02997715
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-32653
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-32653
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt031002
IRS990/NetUnrlzdGainsLossesInvstAmt0298572
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt077544
IRS990/OccupancyGrp/TotalAmt077544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01596
IRS990/OfficeExpensesGrp/TotalAmt01596
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02559
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018930
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018930
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Federal Income Tax
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3State Income Tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04650
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11553
IRS990/OtherExpensesGrp/ProgramServicesAmt017029
IRS990/OtherExpensesGrp/ProgramServicesAmt14509
IRS990/OtherExpensesGrp/TotalAmt017029
IRS990/OtherExpensesGrp/TotalAmt14650
IRS990/OtherExpensesGrp/TotalAmt24509
IRS990/OtherExpensesGrp/TotalAmt31553
IRS990/OtherLiabilitiesGrp/EOYAmt03679
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09664
IRS990/PayrollTaxesGrp/TotalAmt09664
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01000000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01000000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07706
IRS990/PrincipalOfficerNm0Steven Irons
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Greens/Pool/Tennis Fees
IRS990/ProgramServiceRevenueGrp/Desc1Initiation Fees
IRS990/ProgramServiceRevenueGrp/Desc2Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc3Other Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06361
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2256968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032394
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2256968
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt026033
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011550
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt099335
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0170611
IRS990/PYProgramServiceRevenueAmt0281865
IRS990/PYRevenuesLessExpensesAmt079634
IRS990/PYSalariesCompEmpBnftPaidAmt0142505
IRS990/PYTotalExpensesAmt0313116
IRS990/PYTotalRevenueAmt0392750
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt093049
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0276435
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02063
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02167
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.54180
IRS990ScheduleD/BuildingsGrp/BookValueAmt0443074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0443074
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt053
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01830897
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02182371
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0351527
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0346
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01635897
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01830897
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0195346
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0238
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01595887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01635897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046248
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt072
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01423083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01595887
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0183876
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt011000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01423083
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0275677
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01423083
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt025000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0299
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0482186
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0482186
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt02619
IRS990ScheduleD/LandGrp/BookValueAmt0284219
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0284219
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-676449
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0676449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0State Income Tax Payable
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.45820
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There are two endowment funds - a $1,000,000 permanent endowment, with a fair market value of $1,417,598. The $417,598 of income earned is treated as a temporarily restricted asset and is to be used for the operation and maintenance of the swimming pool, pool house and parking lot and a $764,773 temporarily restricted endowment that the $264,773 of income and the $500,000 of principal may be used for capital repair and replacement of existing facilities, including the swimming pool, pool house and parking lot.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0533030
IRS990ScheduleD/TotalBookValueSecuritiesAmt0203433
IRS990ScheduleD/TotalLiabilityAmt03679
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members represent people from the State of Maine and across the country vacationing in the Winter Harbor, Maine area that pay membership dues in order to help maintain and upkeep the Association's facilities. As a result of paying those membership dues, the members are allowed to use the Association's facilities for the purpose of social interaction and fellowship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer and bookkeeper review the 990 before it is signed and filed. The governing body members are spread throughout the United States, making it difficult to have them review the 990 before it is filed. The Association makes every attempt to get the 990 filed timely, without extension. Once the 990 is completed, a copy is sent to all officers for their review. If they have any questions, they contact the Treasurer, who in turns answers the question or gets an answer to the question.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,003,571
Liabilities
$5,856
Net assets
$2,997,715
Revenue
$413,687
Expenses
$320,638
Net income
$93,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.74$0.03$6.70$0.92$0.69$0.23
2023Detailed filing. Detailed filing data is available for this year.$5.83$0.01$5.83$1.42$0.50$0.92
2022Detailed filing. Detailed filing data is available for this year.$4.31$0.02$4.29$0.67$0.52$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.95$0.03$4.92$0.68$0.48$0.20
2020Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$0.38$0.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.79$0.48$0.42$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.45$0.03$3.42$0.58$0.40$0.17
2017Summary only. Only limited summary data is available for this year.$3.56$0.01$3.55$0.48$0.42$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.29$0.03$3.27$0.41$0.39$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.22$0.10$3.12$0.63$0.43$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.24$0.01$3.23$0.41$0.36$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.00$0.01$3.00$0.41$0.32$0.09
2012Summary only. Only limited summary data is available for this year.$2.61$0.00$2.61$0.39$0.31$0.08
2011Summary only. Only limited summary data is available for this year.$2.44$0.01$2.43$0.39$0.32$0.07