Civic Intelligence

Grindstone Association

990 • Fiscal year 2019 • EIN 01-0202445

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 15, 2020

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

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Asset Growth

83rd percentile

10%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-16%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,795,752

Up $346,017 (+10%) from 2018

Net Assets

Up

$3,786,252

Up $369,262 (+11%) from 2018

Liabilities

Down

$9,500

Down $23,245 (-71%) from 2018

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin74th percentile

Revenue

Down

$480,828

Down $94,595 (-16%) from 2018

Expenses

Up

$415,411

Up $12,047 (+3.0%) from 2018

Net Income

Down

$65,417

Down $106,642 (-62%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2019

Assets$3,795,752
Liabilities$9,500
Net Assets$3,786,252
Open 2019 Filing

Operations Trend

Revenue Growth9th 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

2019

Revenue$480,828
Expenses$415,411
Net Income$65,417
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 15, 2020
Return Version
2019v5.0
Gross Receipts
$533,488
Mission and Program Overview

Mission

Social club

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,049,594$2,494,869▲ $445,275
Investments Other Securities$766,301$754,876▼ $11,425
Land, Buildings, and Equipment, Net$508,743$488,868▼ $19,875
Cash and Non-Interest-Bearing Accounts$102,654$24,522▼ $78,132
Prepaid Expenses and Deferred Charges$4,205$21,244▲ $17,039
Accounts Receivable$18,238$11,373▼ $6,865
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$3,449,735$3,795,752▲ $346,017
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,786$9,499▲ $4,713
Other Liabilities$27,959$1▼ $27,958
Total Liabilities$32,745$9,500▼ $23,245
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,936,158$3,364,325▲ $428,167
Net Assets Without Donor Restrictions$480,832$421,927▼ $58,905
Total Net Assets Fund Balance$3,416,990$3,786,252▲ $369,262
Total Liabilities and Net Assets / Fund Balance$3,449,735$3,795,752▲ $346,017

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$673,383-$673,383
Buildings$482,297-$482,297
Land$284,219-$284,219
Other Land Buildings$-951,031$951,031-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,684,495-▲ $430,286$20$3,114,761
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
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$25,472
Program Service Revenue
$325,274
Investment Income
$130,082
Other Revenue
$0
All Other Contributions
$25,472
Change in Net Assets
$65,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,378
Salaries, Compensation, and Employee Benefits$160,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,669--$147,669
Occupancy$105,769--$105,769
Depreciation Depletion$52,102--$52,102
Insurance$20,619--$20,619
Payroll Taxes$12,364--$12,364
Fees for Services Accounting-$12,303-$12,303
Fees for Services Other$5,170--$5,170
Other Expenses$4,118$4,231-$4,118
Office Expenses-$2,393-$2,393
Total Functional Expenses$372,199$43,212$0$415,411
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
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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

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
2020-06-15
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
24

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 $2,044,721. The $1,044,721 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 $1,070,039 temporarily restricted endowment that the $570,039 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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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/PersonNm2Julia Pearson
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IRS990/Form990PartVIISectionAGrp/PersonNm4Stephen Myers
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt040673
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt040673
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0766301
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0754876
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02049594
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02494869
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0951031
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0508743
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0488868
IRS990/LandBldgEquipCostOrOtherBssAmt01439899
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt052660
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Social club
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03416990
IRS990/NetAssetsOrFundBalancesEOYAmt03786252
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt089409
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt089409
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0115645
IRS990/NetUnrlzdGainsLossesInvstAmt0303845
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0480832
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0421927
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0105769
IRS990/OccupancyGrp/TotalAmt0105769
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02393
IRS990/OfficeExpensesGrp/TotalAmt02393
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Federal Income Tax
IRS990/OtherExpensesGrp/Desc2State Income Tax
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024285
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14231
IRS990/OtherExpensesGrp/ProgramServicesAmt024388
IRS990/OtherExpensesGrp/ProgramServicesAmt14118
IRS990/OtherExpensesGrp/TotalAmt024388
IRS990/OtherExpensesGrp/TotalAmt124285
IRS990/OtherExpensesGrp/TotalAmt24231
IRS990/OtherExpensesGrp/TotalAmt34118
IRS990/OtherLiabilitiesGrp/BOYAmt027959
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147669
IRS990/OtherSalariesAndWagesGrp/TotalAmt0147669
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012364
IRS990/PayrollTaxesGrp/TotalAmt012364
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04205
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021244
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/RelatedOrExemptFuncIncomeAmt09379
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2269893
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2269893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt038653
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt044620
IRS990/PYInvestmentIncomeAmt0195301
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0248924
IRS990/PYProgramServiceRevenueAmt0335502
IRS990/PYRevenuesLessExpensesAmt0172059
IRS990/PYSalariesCompEmpBnftPaidAmt0154440
IRS990/PYTotalExpensesAmt0403364
IRS990/PYTotalRevenueAmt0575423
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt065417
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0316872
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0482297
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0482297
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02684495
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03114761
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0430286
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt020
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02795857
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02684495
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-111290
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt072
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02600893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02795857
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304084
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0109120
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02457193
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02600893
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0193166
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt049466
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02466623
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02457193
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-9430
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0673383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0673383
IRS990ScheduleD/LandGrp/BookValueAmt0284219
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0284219
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-951031
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0951031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There are two endowment funds - a $1,000,000 permanent endowment, with a fair market value of $2,044,721. The $1,044,721 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 $1,070,039 temporarily restricted endowment that the $570,039 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/TotalBookValueLandBuildingsAmt0488868
IRS990ScheduleD/TotalBookValueSecuritiesAmt0754876
IRS990ScheduleD/TotalLiabilityAmt01
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,795,752
Liabilities
$9,500
Net assets
$3,786,252
Revenue
$480,828
Expenses
$415,411
Net income
$65,417
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