Civic Intelligence

Nahant Preservation Trust Inc.

990 • Fiscal year 2015 • EIN 04-3377763

Jan 01, 2015 to Dec 31, 2015 • Filed on May 24, 2016

PO Box 30Nahant, MA 01908

(508) 878-5118

Siviq Scores

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

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

1.48x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

38th percentile

-1.8%

Faster asset growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

-3.2%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,017,548

Down $37,516 (-1.8%) from 2014

Net Assets

Down

$1,814,319

Down $31,695 (-1.7%) from 2014

Liabilities

Down

$203,229

Down $5,821 (-2.8%) from 2014

Revenue

Down

$137,001

Down $4,579 (-3.2%) from 2014

Expenses

Up

$168,696

Up $24,556 (+17%) from 2014

Net Income

Down

-$31,695

Down $29,135 (-1138%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,028,700Liabilities 2011: $258,852Net Assets 2011: $1,769,8482011Assets 2012: $2,127,620Liabilities 2012: $255,015Net Assets 2012: $1,872,6052012Assets 2013: $2,074,943Liabilities 2013: $226,369Net Assets 2013: $1,848,5742013Assets 2014: $2,055,064Liabilities 2014: $209,050Net Assets 2014: $1,846,0142014Assets 2015: $2,017,548Liabilities 2015: $203,229Net Assets 2015: $1,814,3192015Assets 2016: $1,976,643Liabilities 2016: $166,245Net Assets 2016: $1,810,3982016Assets 2017: $1,957,667Liabilities 2017: $152,731Net Assets 2017: $1,804,9362017Assets 2018: $2,087,609Liabilities 2018: $159,069Net Assets 2018: $1,928,5402018Assets 2019: $2,273,331Liabilities 2019: $199,563Net Assets 2019: $2,073,7682019Assets 2020: $2,208,676Liabilities 2020: $216,806Net Assets 2020: $1,991,8702020Assets 2021: $2,117,784Liabilities 2021: $206,044Net Assets 2021: $1,911,7402021Assets 2022: $1,971,771Liabilities 2022: $320,261Net Assets 2022: $1,651,5102022Assets 2023: $1,796,661Liabilities 2023: $189,271Net Assets 2023: $1,607,3902023Assets 2024: $1,832,020Liabilities 2024: $98,854Net Assets 2024: $1,733,1662024

Highlighted filing

2015

Assets$2,017,548
Liabilities$203,229
Net Assets$1,814,319

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $185,442Expenses 2011: $138,911Net Income 2011: $46,5312011Expenses 2012: $140,6172012Revenue 2013: $113,523Expenses 2013: $137,554Net Income 2013: -$24,0312013Revenue 2014: $141,580Expenses 2014: $144,140Net Income 2014: -$2,5602014Revenue 2015: $137,001Expenses 2015: $168,696Net Income 2015: -$31,6952015Revenue 2016: $146,598Expenses 2016: $150,519Net Income 2016: -$3,9212016Revenue 2017: $162,801Expenses 2017: $168,263Net Income 2017: -$5,4622017Revenue 2018: $611,297Expenses 2018: $487,693Net Income 2018: $123,6042018Revenue 2019: $1,067,536Expenses 2019: $922,308Net Income 2019: $145,2282019Revenue 2020: $1,022,952Expenses 2020: $1,104,850Net Income 2020: -$81,8982020Revenue 2021: $3,698,807Expenses 2021: $3,778,937Net Income 2021: -$80,1302021Revenue 2022: $417,953Expenses 2022: $678,183Net Income 2022: -$260,2302022Revenue 2023: $438,999Expenses 2023: $483,119Net Income 2023: -$44,1202023Revenue 2024: $482,000Expenses 2024: $356,224Net Income 2024: $125,7762024

Highlighted filing

2015

Revenue$137,001
Expenses$168,696
Net Income-$31,695
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 24, 2016
Return Version
2015v2.1
Gross Receipts
$137,001
Mission and Program Overview

Mission

The restoration of historic Coast Guard Station and community center; charge rental fees for use to sustain the purposes to preserve the properties for benefit of the public and community.

The restoration of historical coast guard station and community center; charge rental fees for use to sustain purposes to preserve the properties for benefit of the public and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,026,949$1,992,868▼ $34,081
Loans From Officers Directors$19,690$24,460▲ $4,770
Investments Other Securities$15,000$15,000→ $0
Accounts Receivable-$5,900-
Cash and Non-Interest-Bearing Accounts$10,847$3,780▼ $7,067
Prepaid Expenses and Deferred Charges$2,268--
Total Assets$2,055,064$2,017,548▼ $37,516
Liabilities
Deferred Revenue$176,556$160,888▼ $15,668
Accounts Payable and Accrued Expenses$12,804$17,881▲ $5,077
Total Liabilities$209,050$203,229▼ $5,821
Net Assets / Fund Balance
Unrestricted Net Assets$1,846,014$1,814,319▼ $31,695
Total Net Assets Fund Balance$1,846,014$1,814,319▼ $31,695
Total Liabilities and Net Assets / Fund Balance$2,055,064$2,017,548▼ $37,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,779,068$653,481$2,432,549
Land$213,800-$213,800
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,660
Program Service Revenue
$128,341
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,439
Change in Net Assets
$-31,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,789
Salaries, Compensation, and Employee Benefits$4,907
Total Fundraising Expense$151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,794--$68,794
Occupancy$30,667--$30,667
Office Expenses-$4,442-$4,442
Other Salaries and Wages-$3,900-$3,900
Fees for Services Accounting-$1,750-$1,750
All Other Expenses$829$519$100$1,448
Other Expenses$1,103--$1,103
Interest$784--$784
Payroll Taxes-$507-$507
Comp Disqual Persons-$500-$500
Advertising--$51$51
Travel-$19-$19
Total Functional Expenses$156,908$11,637$151$168,696
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
Loans from Officers, Directors, Trustees, and Key Employees$19,690$24,460▲ $4,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Page 6, Part VI, Line 9

Emily potts 114 pond street nahant, ma 01908 maryann corinha 21 high st nahant, ma 01908 jeffrey musman 15 trimountain rd nahant, ma 01908 dennis maroney 105 pond st nahant, ma 01908 sue branga 13 colby way nahant, ma 01908 sara christie 66 ocean st nahant, ma 01908 mark cullinan 38 ocean st nahant, ma 01908 john dineen 40 pleasant st nahant, ma 01908 al eaton 130 castle road nahant, ma 01908 karent falat 185 bass point road nahant, ma 01908 jonathan gilman colby way nahant, ma 01908 edith hunnewell 174 willow road nahant, ma 01908 carl jenkins 305 nahant road nahant, ma 01908 amy klee 220 nahant road nahant, ma 01908 mickey long 263 nahant road nahant, ma 01908 laura michaud 11 tudor road nahant, ma 01908 roz puleo 21 greystone rd nahant, ma 01908 rebecca richardson 58 winter street nahant, ma 01908 paul richardson 7 intervale road nahant, ma 01908 robert risch 406 nahant road nahant, ma 01908 christopher rogers 46 ocean street nahant, ma 01908 ellen steeves 55 castle road nahant, ma 01908 robert steeves 51 fox hill road nahant, ma 01908 ruthanne switzer 18 harbor view rd nahant, ma 01908 kenneth turino 5 lafayette terrace nahant, ma 01908 peter vernam 21 high st nahant, ma 01908 judy walsh 33 high st nahant, ma 01908

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

Return is reviewed and approved by the treasurer prior to filing.

Form 990, Page 6, Part VI, Line 19

Form 990 and ma form pc are available at the massachusetts attorney general's website. Governing documents are available at the massachusetts secretary of state's website. The organizations conflict of intrest policy is available upon request.

Filing and Contact Details

Filer

Filer Name
Nahant Preservation Trust Inc
EIN
04-3377763
Phone
5088785118
Address
PO BOX 30, NAHANT, MA 01908

Signing Officer

Name
Dennis Maroney
Title
Treasurer
Phone
5088785118
Signed
2016-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Potts
Formed
1996
Legal Domicile
Ma
Voting Board Members
27
Independent Board Members
27
Employees
2

Preparer

Firm
Michael L Hamlin CPA
Address
80 MAPLE ST, STONEHAM, MA 02180-3143
Preparer
Michael L Hamlin
Phone
7814357284
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/MissionDesc0THE RESTORATION OF HISTORICAL COAST GUARD STATION AND COMMUNITY CENTER; CHARGE RENTAL FEES FOR USE TO SUSTAIN PURPOSES TO PRESERVE THE PROPERTIES FOR BENEFIT OF THE PUBLIC AND COMMUNITY.
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1TAXES IN-LIEU
IRS990/OtherExpensesGrp/Desc2MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc3COMMISSIONS
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IRS990/OtherExpensesGrp/ProgramServicesAmt15100
IRS990/OtherExpensesGrp/ProgramServicesAmt23560
IRS990/OtherExpensesGrp/ProgramServicesAmt31103
IRS990/OtherExpensesGrp/TotalAmt046071
IRS990/OtherExpensesGrp/TotalAmt15100
IRS990/OtherExpensesGrp/TotalAmt23560
IRS990/OtherExpensesGrp/TotalAmt31103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03900
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IRS990/OtherWebsiteInd0X
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0128341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt028096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0115160
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0499306
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01700
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IRS990ScheduleA/TotalSupportAmt0164550
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01779068
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0653481
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02432549
IRS990ScheduleD/LandGrp/BookValueAmt0213800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0213800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01992868
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt18318
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt26657
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010735
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt230000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0EMILY POTTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1TIMOTHY BELL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2LYNNE SPENCER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2MEMBER
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IRS990ScheduleL/TotalBalanceDueAmt024460
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMILY POTTS 114 POND STREET NAHANT, MA 01908 MARYANN CORINHA 21 HIGH ST NAHANT, MA 01908 JEFFREY MUSMAN 15 TRIMOUNTAIN RD NAHANT, MA 01908 DENNIS MARONEY 105 POND ST NAHANT, MA 01908 SUE BRANGA 13 COLBY WAY NAHANT, MA 01908 SARA CHRISTIE 66 OCEAN ST NAHANT, MA 01908 MARK CULLINAN 38 OCEAN ST NAHANT, MA 01908 JOHN DINEEN 40 PLEASANT ST NAHANT, MA 01908 AL EATON 130 CASTLE ROAD NAHANT, MA 01908 KARENT FALAT 185 BASS POINT ROAD NAHANT, MA 01908 JONATHAN GILMAN COLBY WAY NAHANT, MA 01908 EDITH HUNNEWELL 174 WILLOW ROAD NAHANT, MA 01908 CARL JENKINS 305 NAHANT ROAD NAHANT, MA 01908 AMY KLEE 220 NAHANT ROAD NAHANT, MA 01908 MICKEY LONG 263 NAHANT ROAD NAHANT, MA 01908 LAURA MICHAUD 11 TUDOR ROAD NAHANT, MA 01908 ROZ PULEO 21 GREYSTONE RD NAHANT, MA 01908 REBECCA RICHARDSON 58 WINTER STREET NAHANT, MA 01908 PAUL RICHARDSON 7 INTERVALE ROAD NAHANT, MA 01908 ROBERT RISCH 406 NAHANT ROAD NAHANT, MA 01908 CHRISTOPHER ROGERS 46 OCEAN STREET NAHANT, MA 01908 ELLEN STEEVES 55 CASTLE ROAD NAHANT, MA 01908 ROBERT STEEVES 51 FOX HILL ROAD NAHANT, MA 01908 RUTHANNE SWITZER 18 HARBOR VIEW RD NAHANT, MA 01908 KENNETH TURINO 5 LAFAYETTE TERRACE NAHANT, MA 01908 PETER VERNAM 21 HIGH ST NAHANT, MA 01908 JUDY WALSH 33 HIGH ST NAHANT, MA 01908
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS REVIEWED AND APPROVED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND MA FORM PC ARE AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE'S WEBSITE. THE ORGANIZATIONS CONFLICT OF INTREST POLICY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02055064

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.10$1.73$0.48$0.36$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.80$0.19$1.61$0.44$0.48$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.32$1.65$0.42$0.68$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.21$1.91$3.70$3.78$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.22$1.99$1.02$1.10$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.20$2.07$1.07$0.92$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.16$1.93$0.61$0.49$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.15$1.80$0.16$0.17$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.17$1.81$0.15$0.15$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.20$1.81$0.14$0.17$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.21$1.85$0.14$0.14$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.07$0.23$1.85$0.11$0.14$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.26$1.87$0.14
2011Summary only. Only limited summary data is available for this year.$2.03$0.26$1.77$0.19$0.14$0.05