Civic Intelligence

Massachusetts Lobstermen'S Assoc Inc

990 • Fiscal year 2016 • EIN 04-2587614

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 07, 2017

8 Otis PlaceScituate, MA 02066

(781) 545-6984

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

27th percentile

-2.1%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$92,136

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

31st percentile

-2.3%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-5.7%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$650,249

Down $14,979 (-2.3%) from 2015

Net Assets

Down

$642,528

Down $7,338 (-1.1%) from 2015

Liabilities

Down

$7,721

Down $7,641 (-50%) from 2015

Revenue

Down

$343,720

Down $20,776 (-5.7%) from 2015

Expenses

Down

$351,058

Down $111,643 (-24%) from 2015

Net Income

Up

-$7,338

Up $90,867 (+93%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $685,171Liabilities 2011: $26,727Net Assets 2011: $658,4442011Assets 2012: $706,327Liabilities 2012: $19,485Net Assets 2012: $686,8422012Assets 2013: $733,750Liabilities 2013: $16,620Net Assets 2013: $717,1302013Assets 2014: $767,086Liabilities 2014: $19,015Net Assets 2014: $748,0712014Assets 2015: $665,228Liabilities 2015: $15,362Net Assets 2015: $649,8662015Assets 2016: $650,249Liabilities 2016: $7,721Net Assets 2016: $642,5282016Assets 2017: $624,239Liabilities 2017: $3,737Net Assets 2017: $620,5022017Assets 2018: $563,255Liabilities 2018: $2,480Net Assets 2018: $560,7752018Assets 2019: $587,580Liabilities 2019: $3,553Net Assets 2019: $584,0272019Assets 2020: $780,649Liabilities 2020: $205,876Net Assets 2020: $574,7732020Assets 2021: $633,716Liabilities 2021: $100,465Net Assets 2021: $533,2512021Assets 2022: $547,248Liabilities 2022: $27,137Net Assets 2022: $520,1112022Assets 2023: $762,150Liabilities 2023: $5,721Net Assets 2023: $756,4292023Assets 2024: $617,840Liabilities 2024: $35,727Net Assets 2024: $582,1132024

Highlighted filing

2016

Assets$650,249
Liabilities$7,721
Net Assets$642,528

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $359,2072011Expenses 2012: $377,2212012Revenue 2013: $391,257Expenses 2013: $360,969Net Income 2013: $30,2882013Revenue 2014: $387,040Expenses 2014: $356,099Net Income 2014: $30,9412014Revenue 2015: $364,496Expenses 2015: $462,701Net Income 2015: -$98,2052015Revenue 2016: $343,720Expenses 2016: $351,058Net Income 2016: -$7,3382016Revenue 2017: $301,557Expenses 2017: $323,583Net Income 2017: -$22,0262017Revenue 2018: $306,456Expenses 2018: $366,183Net Income 2018: -$59,7272018Revenue 2019: $376,505Expenses 2019: $353,253Net Income 2019: $23,2522019Revenue 2020: $624,664Expenses 2020: $633,918Net Income 2020: -$9,2542020Revenue 2021: $667,385Expenses 2021: $633,824Net Income 2021: $33,5612021Revenue 2022: $442,628Expenses 2022: $455,768Net Income 2022: -$13,1402022Revenue 2023: $872,840Expenses 2023: $636,522Net Income 2023: $236,3182023Revenue 2024: $765,390Expenses 2024: $939,706Net Income 2024: -$174,3162024

Highlighted filing

2016

Revenue$343,720
Expenses$351,058
Net Income-$7,338
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 7, 2017
Return Version
2015v3.0
Gross Receipts
$376,740
Mission and Program Overview

Mission

The promotion of conservation in lobster fisheries, the encouragement of enforcement of marine fisheries laws, the encouragement of sound economical practices, the promotion of cooperation and an exchange of ideas among lobstermen, and the sponsorship and administration of educational and other programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$626,045$593,016▼ $33,029
Investments Other Securities$250,000$250,000→ $0
Land, Buildings, and Equipment, Net$192,531$195,648▲ $3,117
Cash and Non-Interest-Bearing Accounts$98,645$81,510▼ $17,135
Rtn Earn Endowment Incm Other Fnds$23,821$49,512▲ $25,691
Savings and Temporary Cash Investments$35,119$46,328▲ $11,209
Inventories for Sale or Use$22,960$23,427▲ $467
Accounts Receivable$1,486$1,850▲ $364
Prepaid Expenses and Deferred Charges$4,445$596▼ $3,849
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$665,228$650,249▼ $14,979
Other Assets Total$60,042$50,890▼ $9,152
Liabilities
Accounts Payable and Accrued Expenses$11,717$4,871▼ $6,846
Deferred Revenue$1,295$2,850▲ $1,555
Other Liabilities$2,350$0▼ $2,350
Total Liabilities$15,362$7,721▼ $7,641
Net Assets / Fund Balance
Total Net Assets Fund Balance$649,866$642,528▼ $7,338
Total Liabilities and Net Assets / Fund Balance$665,228$650,249▼ $14,979

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$183,686$132,537$316,223
Equipment$3,462$29,308$32,770
Land$8,500-$8,500
Other Assets Org$2,236--
Other Securities$250,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$23,821$5,285--$21,306
2014$29,771$2,350--$23,821
2013$23,903$13,368--$29,771
2012$24,328$4,875--$23,903
2011$9,487$22,841--$24,328
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth CasoniExecutive DirectorFT$83,701$8,435$92,136
William AdlerFormer Executive DirectorPT$19,393$19,393$19,393
William ListerVice President-$1,343$8,064$9,407
Arthur Sawyer JrPresident-$5,776$2,520$8,296
David CasoniSecretary/treasurer-$6,415$1,522$7,937
John CarverVice President-$823-$823
Mark RingDirector-$722-$722
Jarrett DrakeDirector-$721-$721
William DohertyDirector-$697-$697

Board Members and Trustees

NameTitle
Alex BrownDirector
Eric LorentzenDirector
John BarrettDirector
Mike BartlettDirector
Steven HollerDirector
Tom TomkiewiczDirector
William SouzaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$17,050
Program Service Revenue
$182,852
Investment Income
$147,154
Other Revenue
$-3,336
All Other Contributions
$17,050
Change in Net Assets
$-7,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,139
Salaries, Compensation, and Employee Benefits$133,119
Grants and Similar Amounts Paid$7,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$88,402
All Other Expenses---$49,641
Other Salaries and Wages---$34,526
Other Expenses---$17,935
Fees for Services Accounting---$11,635
Travel---$10,717
Payroll Taxes---$10,191
Grants to Domestic Individuals---$7,800
Office Expenses---$6,817
Depreciation Depletion---$3,790
Insurance---$3,614
Fees for Services Legal---$3,516
Conferences and Meetings---$2,546
Total Functional Expenses$0$0$0$351,058
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elizabeth CasoniOfficer of Organization and Family Member of DirectorW-2 CompensationNo$88,402
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a non-stock, not-for-profit association of members. There are three classes of members - regular, associate and honorary. Only regular members have voting rights.

Form 990, Part VI, Section A, Line 7A

Regular members have voting rights to elect members of the association's governing body.

Form 990, Part VI, Section A, Line 7B

Regular members have voting rights to elect or remove members of the board of delegates that is responsible for the general management and direction of the association.

Form 990, Part VI, Section B, Line 11

A copy of form 990 is provided to executive committee members for review and comments by the members prior to filing. Tax preparer is contacted with any questions or comments.

Form 990, Part VI, Section B, Line 12C

Any potential conflicts of interest are discussed at executive committee meetings.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director is reviewed and approved by executive committee members of the board of delegates.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, financial statements and other information is available for public inspection upon request at the offices of the association.

Filing and Contact Details

Filer

Filer Name
MASSACHUSETTS LOBSTERMEN'S ASSOC INC
EIN
04-2587614
Phone
7815456984
Address
8 OTIS PLACE, SCITUATE, MA 02066

Signing Officer

Name
David Casoni
Title
Treasurer
Phone
7815456984
Signed
2017-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Casoni
Formed
1963
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
0

Preparer

Firm
Tonneson & Company Pc
Address
155 MIDDLESEX TURNPIKE SUITE 4, BURLINGTON, MA 01803
Preparer
THOMAS F O'REILLY CPA
Phone
7812459999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Directors fees & expenses 13,549. Miscellaneous 8,490. Postage 5,214. Promotion & donations 5,004. Dues & subscriptions 4,490. Telephone 4,247. Repairs & maintenance 3,634. Outside services 2,883. Real estate taxes 1,347. Utilities 783.

Form 5471, Schedule I, Line 1 and Form 5471, Schedule J - Subpart F Income

Foreign corporation filed a 953(d) election to be treated as a domestic corporation for united states income tax purposes. Consequently, there is no subpart f income.

Financial Statement Notes

PART V, LINE 4:

Scholarship fund for members or their dependents entering college.

PART X, LINE 2:

In determining the recognition of uncertain tax positions, the association applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of june 30, 2016, the association has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The association is not currently under examination by any taxing jurisdiction. The association's federal and state tax returns are generally open for examination for three years following the date filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER EXECUTIVE DIRECTOR
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0376740
IRS990/GrossRentsGrp/RealAmt018000
IRS990/GrossSalesOfInventoryAmt011684
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt03614
IRS990/InventoriesForSaleOrUseGrp/BOYAmt022960
IRS990/InventoriesForSaleOrUseGrp/EOYAmt023427
IRS990/InvestmentIncomeGrp/ExclusionAmt0147067
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0147154
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt087
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0250000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0250000
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0161845
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0192531
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0195648
IRS990/LandBldgEquipCostOrOtherBssAmt0357493
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt022887
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PROMOTION OF CONSERVATION IN LOBSTER FISHERIES, THE ENCOURAGEMENT OF ENFORCEMENT OF MARINE FISHERIES LAWS, THE ENCOURAGEMENT OF SOUND ECONOMICAL PRACTICES, THE PROMOTION OF COOPERATION AND AN EXCHANGE OF IDEAS AMONG LOBSTERMEN, AND THE SPONSORSHIP AND ADMINISTRATION OF EDUCATIONAL AND OTHER PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0649866
IRS990/NetAssetsOrFundBalancesEOYAmt0642528
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01551
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01551
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-4887
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-4887
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OfficeExpensesGrp/TotalAmt06817
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt060042
IRS990/OtherAssetsTotalGrp/EOYAmt050890
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ANNUAL MEETING
IRS990/OtherExpensesGrp/Desc1NEWSLETTER
IRS990/OtherExpensesGrp/Desc2INDUSTRY RELATIONS
IRS990/OtherExpensesGrp/Desc3SPECIAL PROJECTS
IRS990/OtherExpensesGrp/TotalAmt035932
IRS990/OtherExpensesGrp/TotalAmt134020
IRS990/OtherExpensesGrp/TotalAmt229976
IRS990/OtherExpensesGrp/TotalAmt317935
IRS990/OtherLiabilitiesGrp/BOYAmt02350
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt034526
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010191
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04445
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0596
IRS990/PrincipalOfficerNm0DAVID CASONI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2541800
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc2MONTHLY NEWSLETTERS
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL PROJECTS & MIS
IRS990/ProgramServiceRevenueGrp/Desc4SCHOLARSHIPS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt042854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt080760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121833
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25285
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt232120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45285
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt032120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt032041
IRS990/PYGrantsAndSimilarPaidAmt08300
IRS990/PYInvestmentIncomeAmt0147152
IRS990/PYOtherExpensesAmt0310699
IRS990/PYOtherRevenueAmt012296
IRS990/PYProgramServiceRevenueAmt0173007
IRS990/PYRevenuesLessExpensesAmt0-98205
IRS990/PYSalariesCompEmpBnftPaidAmt0143702
IRS990/PYTotalExpensesAmt0462701
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0364496
IRS990/ReconcilationRevenueExpnssAmt0-7338
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-4887
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023821
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt049512
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035119
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046328
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0183686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0132537
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0316223
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt023821
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05285
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021306
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt029771
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02350
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt023821
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt08300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt023903
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt013368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt029771
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt07500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt024328
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04875
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt023903
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt05300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt09487
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt022841
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt024328
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt08000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03462
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029308
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032770
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048654
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12236
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED ENTITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REFUNDABLE INCOME TAXES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0250000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN SUBSIDIARY, AT COST, MLA NON PROFIT BOAT PROTECTION CO-OP LTD.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUND FOR MEMBERS OR THEIR DEPENDENTS ENTERING COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE ASSOCIATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF JUNE 30, 2016, THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ASSOCIATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0195648
IRS990ScheduleD/TotalBookValueOtherAssetsAmt050890
IRS990ScheduleD/TotalBookValueSecuritiesAmt0250000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt019393
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ADLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER EXECUTIVE DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.18$0.36$5.82$7.65$9.40$1.74
2023Detailed filing. Detailed filing data is available for this year.$7.62$0.06$7.56$8.73$6.37$2.36
2022Detailed filing. Detailed filing data is available for this year.$5.47$0.27$5.20$4.43$4.56$0.13
2021Detailed filing. Detailed filing data is available for this year.$6.34$1.00$5.33$6.67$6.34$0.34
2020Detailed filing. Detailed filing data is available for this year.$7.81$2.06$5.75$6.25$6.34$0.09
2019Detailed filing. Detailed filing data is available for this year.$5.88$0.04$5.84$3.77$3.53$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.63$0.02$5.61$3.06$3.66$0.60
2017Detailed filing. Detailed filing data is available for this year.$6.24$0.04$6.21$3.02$3.24$0.22
2016Detailed filing. Detailed filing data is available for this year.$6.50$0.08$6.43$3.44$3.51$0.07
2015Detailed filing. Detailed filing data is available for this year.$6.65$0.15$6.50$3.64$4.63$0.98
2014Detailed filing. Detailed filing data is available for this year.$7.67$0.19$7.48$3.87$3.56$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.17$7.17$3.91$3.61$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.19$6.87$3.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.85$0.27$6.58$3.59