Civic Intelligence

Grindstone Association

990 • Fiscal year 2018 • EIN 01-0202445

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

Organization ProfileN/A
PO Box 12Winter Harbor, ME 04693

(207) 610-9440

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

30%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Asset Growth

27th percentile

-3.1%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

20%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$3,449,735

Down $109,191 (-3.1%) from 2017

Net Assets

Down

$3,416,990

Down $132,567 (-3.7%) from 2017

Liabilities

Up

$32,745

Up $23,376 (+250%) from 2017

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin89th percentile

Revenue

Up

$575,423

Up $95,568 (+20%) from 2017

Expenses

Down

$403,364

Down $17,805 (-4.2%) from 2017

Net Income

Up

$172,059

Up $113,373 (+193%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2018

Assets$3,449,735
Liabilities$32,745
Net Assets$3,416,990
Open 2018 Filing

Operations Trend

Revenue Growth88th 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

2018

Revenue$575,423
Expenses$403,364
Net Income$172,059
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$871,704
Mission and Program Overview

Mission

Social club

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,401,893$2,049,594▼ $352,299
Investments Other Securities$523,477$766,301▲ $242,824
Land, Buildings, and Equipment, Net$485,510$508,743▲ $23,233
Cash and Non-Interest-Bearing Accounts$127,614$102,654▼ $24,960
Accounts Receivable$13,251$18,238▲ $4,987
Prepaid Expenses and Deferred Charges$7,181$4,205▼ $2,976
Savings and Temporary Cash Investments-$0-
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$3,558,926$3,449,735▼ $109,191
Other Assets Total-$0-
Liabilities
Other Liabilities$641$27,959▲ $27,318
Accounts Payable and Accrued Expenses$4,378$4,786▲ $408
Deferred Revenue$4,350--
Total Liabilities$9,369$32,745▲ $23,376
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,043,964$1,936,158▼ $107,806
Permanently Rstr Net Assets$1,000,000$1,000,000→ $0
Unrestricted Net Assets$505,593$480,832▼ $24,761
Total Net Assets Fund Balance$3,549,557$3,416,990▼ $132,567
Total Liabilities and Net Assets / Fund Balance$3,558,926$3,449,735▼ $109,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$647,233-$647,233
Buildings$476,220-$476,220
Land$284,219-$284,219
Other Land Buildings$-898,929$898,929-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,795,857-▼ $111,290$72$2,684,495
2017$2,600,893-▲ $304,084$109,120$2,795,857
2016$2,457,193-▲ $193,166$49,466$2,600,893
2015$2,466,623-▼ $9,430-$2,457,193
2014$2,182,371-▲ $284,252-$2,466,623
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Robert KramerPresident
Ellin MillerVice President
Chandler WilliamsDirector
Heather IronsDirector
Joseph TownsendDirector
Margaret BennettDirector
Ronert HatcherDirector
Stephen MyersDirector
Theodore MurphyDirector
Victoria GoldsteinDirector
Virginia LoganDirector
Erika LedermanSecretary
Julia PearsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,620
Program Service Revenue
$335,502
Investment Income
$195,301
Other Revenue
$0
All Other Contributions
$44,620
Change in Net Assets
$172,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,924
Salaries, Compensation, and Employee Benefits$154,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$137,240--$137,240
Occupancy$96,914--$96,914
Depreciation Depletion$48,967--$48,967
Insurance$16,207--$16,207
Payroll Taxes$11,200--$11,200
Fees for Services Accounting-$7,147-$7,147
Other Employee Benefits$6,000--$6,000
Fees for Services Other$3,770--$3,770
Other Expenses$2,934$6,677-$2,934
Office Expenses-$1,949-$1,949
All Other Expenses-$121-$121
Total Functional Expenses$349,022$54,342$0$403,364
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
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
Federal Income Tax Payable$26,070
State Income Tax Payable$1,889
Governance and Compliance

Governance Checklist

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

Filer Name
Grindstone Association
EIN
01-0202445
Phone
2076109440
Address
PO Box 12, Winter Harbor, ME 04693

Signing Officer

Name
Julia Pearson
Title
Treasurer
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Pearson
Formed
1948
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
0
Employees
23

Preparer

Firm
James W Wadman CPA
Address
295 MAIN ST, ELLSWORTH, ME 04605-1504
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 $1,767,022. The $767,022 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 $917,473 temporarily restricted endowment that the $417,473 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.”

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IRS990/Form990PartVIISectionAGrp/PersonNm2Julia Pearson
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitiationFeesAndCapContriAmt012600
IRS990/InsuranceGrp/ProgramServicesAmt016207
IRS990/InsuranceGrp/TotalAmt016207
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037574
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt037574
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0523477
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0766301
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02401893
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02049594
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0898929
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0485510
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0508743
IRS990/LandBldgEquipCostOrOtherBssAmt01407672
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0296281
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Social club
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03549557
IRS990/NetAssetsOrFundBalancesEOYAmt03416990
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0157727
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0157727
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0183084
IRS990/NetUnrlzdGainsLossesInvstAmt0-304626
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt096914
IRS990/OccupancyGrp/TotalAmt096914
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01949
IRS990/OfficeExpensesGrp/TotalAmt01949
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06000
IRS990/OtherExpensesGrp/Desc0Federal Income Tax
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2State Income Tax
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038448
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16677
IRS990/OtherExpensesGrp/ProgramServicesAmt025790
IRS990/OtherExpensesGrp/ProgramServicesAmt12934
IRS990/OtherExpensesGrp/TotalAmt038448
IRS990/OtherExpensesGrp/TotalAmt125790
IRS990/OtherExpensesGrp/TotalAmt26677
IRS990/OtherExpensesGrp/TotalAmt32934
IRS990/OtherLiabilitiesGrp/BOYAmt0641
IRS990/OtherLiabilitiesGrp/EOYAmt027959
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0137240
IRS990/OtherSalariesAndWagesGrp/TotalAmt0137240
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011200
IRS990/PayrollTaxesGrp/TotalAmt011200
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01000000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01000000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07181
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04205
IRS990/PrincipalOfficerNm0Julia Pearson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Greens/Pool/Tennis Fees
IRS990/ProgramServiceRevenueGrp/Desc1Initiation Fees
IRS990/ProgramServiceRevenueGrp/Desc2Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc3Other Income
IRS990/ProgramServiceRevenueGrp/Desc4Support Fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010203
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2275980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2275980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt033706
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt070350
IRS990/PYInvestmentIncomeAmt080218
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0261430
IRS990/PYProgramServiceRevenueAmt0329287
IRS990/PYRevenuesLessExpensesAmt058686
IRS990/PYSalariesCompEmpBnftPaidAmt0159739
IRS990/PYTotalExpensesAmt0421169
IRS990/PYTotalRevenueAmt0479855
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0172059
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0318703
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0476220
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0476220
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02795857
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02684495
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-111290
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt072
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02600893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02795857
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304084
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0109120
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02457193
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02600893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0193166
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt049466
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02466623
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02457193
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-9430
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02182371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02466623
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0284252
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0647233
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0647233
IRS990ScheduleD/LandGrp/BookValueAmt0284219
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0284219
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-898929
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0898929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1State Income Tax Payable
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There are two endowment funds - a $1,000,000 permanent endowment, with a fair market value of $1,767,022. The $767,022 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 $917,473 temporarily restricted endowment that the $417,473 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/TotalBookValueLandBuildingsAmt0508743
IRS990ScheduleD/TotalBookValueSecuritiesAmt0766301
IRS990ScheduleD/TotalLiabilityAmt027959
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 President and Treasurer 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. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request, copies of the documents will be supplied to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,449,735
Liabilities
$32,745
Net assets
$3,416,990
Revenue
$575,423
Expenses
$403,364
Net income
$172,059
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