Civic Intelligence

Pine Island Camp Inc.

990 • Fiscal year 2020 • EIN 01-0493614

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 11, 2021

PO Box 242Brunswick, ME 04011-0242

(207) 465-3031

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.43x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$73,360

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

51st percentile

6.2%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-45%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,571,416

Up $267,821 (+6.2%) from 2019

Net Assets

Up

$4,288,506

Up $41,930 (+1.0%) from 2019

Liabilities

Up

$282,910

Up $225,891 (+396%) from 2019

Revenue

Down

$652,427

Down $540,420 (-45%) from 2019

Expenses

Down

$755,587

Down $386,734 (-34%) from 2019

Net Income

Down

-$103,160

Down $153,686 (-304%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,006,797Liabilities 2011: $485,820Net Assets 2011: $2,520,9772011Assets 2012: $3,134,253Liabilities 2012: $446,316Net Assets 2012: $2,687,9372012Assets 2013: $3,334,260Liabilities 2013: $311,711Net Assets 2013: $3,022,5492013Assets 2014: $3,418,469Liabilities 2014: $237,196Net Assets 2014: $3,181,2732014Assets 2015: $3,423,764Liabilities 2015: $197,522Net Assets 2015: $3,226,2422015Assets 2016: $3,707,275Liabilities 2016: $163,911Net Assets 2016: $3,543,3642016Assets 2017: $4,074,185Liabilities 2017: $56,042Net Assets 2017: $4,018,1432017Assets 2018: $4,231,692Liabilities 2018: $87,934Net Assets 2018: $4,143,7582018Assets 2019: $4,303,595Liabilities 2019: $57,019Net Assets 2019: $4,246,5762019Assets 2020: $4,571,416Liabilities 2020: $282,910Net Assets 2020: $4,288,5062020Assets 2021: $4,936,224Liabilities 2021: $136,501Net Assets 2021: $4,799,7232021Assets 2022: $6,073,043Liabilities 2022: $123,024Net Assets 2022: $5,950,0192022Assets 2023: $6,468,971Liabilities 2023: $135,756Net Assets 2023: $6,333,2152023Assets 2024: $7,005,440Liabilities 2024: $86,822Net Assets 2024: $6,918,6182024

Highlighted filing

2020

Assets$4,571,416
Liabilities$282,910
Net Assets$4,288,506

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $873,351Expenses 2011: $836,120Net Income 2011: $37,2312011Revenue 2012: $916,326Expenses 2012: $846,563Net Income 2012: $69,7632012Revenue 2013: $1,055,438Expenses 2013: $867,882Net Income 2013: $187,5562013Revenue 2014: $1,004,115Expenses 2014: $894,769Net Income 2014: $109,3462014Revenue 2015: $1,010,786Expenses 2015: $858,249Net Income 2015: $152,5372015Revenue 2016: $1,129,325Expenses 2016: $877,006Net Income 2016: $252,3192016Revenue 2017: $1,386,106Expenses 2017: $968,590Net Income 2017: $417,5162017Revenue 2018: $1,507,072Expenses 2018: $1,131,171Net Income 2018: $375,9012018Revenue 2019: $1,192,847Expenses 2019: $1,142,321Net Income 2019: $50,5262019Revenue 2020: $652,427Expenses 2020: $755,587Net Income 2020: -$103,1602020Revenue 2021: $1,464,455Expenses 2021: $1,174,344Net Income 2021: $290,1112021Revenue 2022: $2,658,947Expenses 2022: $1,325,312Net Income 2022: $1,333,6352022Revenue 2023: $1,637,819Expenses 2023: $1,427,402Net Income 2023: $210,4172023Revenue 2024: $1,426,769Expenses 2024: $1,371,685Net Income 2024: $55,0842024

Highlighted filing

2020

Revenue$652,427
Expenses$755,587
Net Income-$103,160
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 11, 2021
Return Version
2019v5.0
Gross Receipts
$1,663,946
Mission and Program Overview

Mission

Summer camp & related educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,038,542$2,000,680▼ $37,862
Land, Buildings, and Equipment, Net$1,942,755$1,883,325▼ $59,430
Savings and Temporary Cash Investments$120,062$541,182▲ $421,120
Cash and Non-Interest-Bearing Accounts$55,592$100,550▲ $44,958
Pledges and Grants Receivable$63,756$25,000▼ $38,756
Prepaid Expenses and Deferred Charges$54,052$8,301▼ $45,751
Inventories for Sale or Use$7,810$7,710▼ $100
Accounts Receivable$20,026$3,668▼ $16,358
Total Assets$4,303,595$4,571,416▲ $267,821
Other Assets Total$1,000$1,000→ $0
Liabilities
Deferred Revenue-$228,141-
Accounts Payable and Accrued Expenses$46,575$45,525▼ $1,050
Unsecured Notes Loans Payable-$5,000-
Mortgage Notes Payable Secured by Investment Property$10,444$4,244▼ $6,200
Total Liabilities$57,019$282,910▲ $225,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,065,577$4,083,046▲ $17,469
Net Assets With Donor Restrictions$180,999$205,460▲ $24,461
Total Net Assets Fund Balance$4,246,576$4,288,506▲ $41,930
Total Liabilities and Net Assets / Fund Balance$4,303,595$4,571,416▲ $267,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$910,973$998,342$1,909,315
Land$897,513-$897,513
Equipment$74,839$671,827$746,666

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,101,648$121,706▲ $71,634-$2,275,273
2018$1,875,500$202,300▲ $85,365$3,000$2,101,648
2017$1,604,248$254,777▲ $93,827$20,575$1,875,500
2016$1,353,402$105,718▲ $216,016$22,177$1,604,248
2015$1,128,874$152,496▲ $136,644$20,900$1,353,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ben SwanExec DirectoFT$73,360$73,360
Sumner FordPresidentFT$52,985$52,985
Sarah HunterTreasurerPT$41,320$41,320
Emily SwanBusiness ManPT$28,170$28,170

Board Members and Trustees

NameTitle
John GoodhueBoard Chairm
Charlie BoutwellDirector
Chris SchellDirector
Christian BrunetDirector
Henry ClausonDirector
John PollardDirector
Max HuberDirector
Monroe BaldwinDirector
Ned BishopDirector
Nick BellamyDirector
Woody HoytDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$615,390
Program Service Revenue
$12,875
Investment Income
$-17,738
Other Revenue
$41,900
All Other Contributions
$615,390
Change in Net Assets
$-103,160

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded6$100,248
Other Non Cash Contri Table1$3,500
Total Noncash Contributions7$103,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$631,764
Revenue Not Reported on Financial Statements
$20,663
Revenue Not Reported on Form 990
$145,090
Total Revenue per Audited Statements
$776,854
Total Revenue per Form 990
$652,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,866
Salaries, Compensation, and Employee Benefits$344,336
Total Fundraising Expense$46,333
Grants and Similar Amounts Paid$385
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$113,696$77,139$5,000$195,835
Occupancy$84,527$20,500-$105,027
Depreciation Depletion$89,667$12,763-$102,430
Other Employee Benefits$21,615$35,510-$57,125
Other Salaries and Wages$51,205--$51,205
Insurance$27,098$7,779-$34,877
Advertising$31,822--$31,822
Payroll Taxes$11,840$9,719-$21,559
Fees for Service Investment Mgmnt Fees--$20,663$20,663
All Other Expenses$19,190$484-$19,674
Pension Plan Contributions$2,750$15,862-$18,612
Fees for Services Accounting-$18,404-$18,404
Other Expenses$10,975-$20,145$10,975
Office Expenses$605$9,855-$10,460
Information Technology$4,605--$4,605
Conferences and Meetings$50$1,824-$1,874
Fees for Services Legal--$525$525
Grants to Domestic Orgs$385--$385
Interest$332--$332
Fees for Services Other$175--$175
Total Functional Expenses$499,415$209,839$46,333$755,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$755,587
Expenses per Audited Statements$734,924
Total Expenses per Audited Statements$734,924
Expenses Not Reported on Financial Statements$20,663
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ben SwanExec DirectorRent PaidNo$4,500
Whitehead Island CorpShareholdersRent PaidNo$4,000
Sumner FordOfficerRent PaidNo-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Benjamin swan emily swan ex director business mgr married

Form 990, Page 6, Part VI, Line 11B

Treasurer and board member(s) review 990 prior to filing. Comments are discussed with tax preparer and changes are made if needed.

Form 990, Page 6, Part VI, Line 15A

Board has annual executive session to discuss items such as compensation of president

Form 990, Page 6, Part VI, Line 15B

Board has an annual executive session to discuss items such as compensation of treasurer

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Pine Island Camp Inc
EIN
01-0493614
Phone
2074653031
Address
PO BOX 242, BRUNSWICK, ME 04011-0242

Signing Officer

Name
Sarah Hunter
Title
Treasurer
Phone
2077297714
Signed
2021-01-11

Organization Details

Principal Officer
John Goodhue
Formed
1994
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
12
Employees
58
Volunteers
20

Preparer

Firm
SIMENSKY ENGSTROM & ASSOCIATES CPA'S
Address
PO BOX 760, SACO, ME 04072
Preparer
Aubrey G Engstrom Jr
Phone
2072845943
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

LOAN FORGIVENESS 54,000

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Camp uses endowment for scholarships and to help fund capital expenses. Camp also uses a portion of earnings from the endowment to help fund program expenses.

Schedule D, Page 4, Part XI, Line 2D

LOAN FORGIVENESS 54,000

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC DIRECTO
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/OtherExpensesGrp/Desc1EQUIP REPAIRS AND MAINT
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IRS990/OtherExpensesGrp/ProgramServicesAmt0208
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IRS990/OtherExpensesGrp/ProgramServicesAmt212292
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015862
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02750
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt063756
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0JOHN GOODHUE
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0143799
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012875
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IRS990/PYContributionsGrantsAmt0265025
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt039875
IRS990/PYInvestmentIncomeAmt035194
IRS990/PYOtherExpensesAmt0644367
IRS990/PYOtherRevenueAmt028607
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IRS990/PYSalariesCompEmpBnftPaidAmt0458079
IRS990/PYTotalExpensesAmt01142321
IRS990/PYTotalRevenueAmt01192847
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-103160
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt036484
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120062
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0541182
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0139329
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0128750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt082700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0119807
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt078348
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0548934
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 26,645
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0265025
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0262619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0378356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0305861
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt087509
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt083598
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt069396
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt053344
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012875
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0853106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0792921
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0726721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03249644
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt05312
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt023306
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt020826
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt016351
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0372433
IRS990ScheduleA/InvestmentIncomeCYPct00.07000
IRS990ScheduleA/InvestmentIncomePYPct00.06000
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.01$0.09$6.92$1.43$1.37$0.06
2023Detailed filing. Detailed filing data is available for this year.$6.47$0.14$6.33$1.64$1.43$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.12$5.95$2.66$1.33$1.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.14$4.80$1.46$1.17$0.29
2020Detailed filing. Detailed filing data is available for this year.$4.57$0.28$4.29$0.65$0.76$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.30$0.06$4.25$1.19$1.14$0.05
2018Summary only. Only limited summary data is available for this year.$4.23$0.09$4.14$1.51$1.13$0.38
2017Summary only. Only limited summary data is available for this year.$4.07$0.06$4.02$1.39$0.97$0.42
2016Summary only. Only limited summary data is available for this year.$3.71$0.16$3.54$1.13$0.88$0.25
2015Summary only. Only limited summary data is available for this year.$3.42$0.20$3.23$1.01$0.86$0.15
2014Summary only. Only limited summary data is available for this year.$3.42$0.24$3.18$1.00$0.89$0.11
2013Summary only. Only limited summary data is available for this year.$3.33$0.31$3.02$1.06$0.87$0.19
2012Summary only. Only limited summary data is available for this year.$3.13$0.45$2.69$0.92$0.85$0.07
2011Summary only. Only limited summary data is available for this year.$3.01$0.49$2.52$0.87$0.84$0.04