Civic Intelligence

Pond Plain Improvement Association

990 • Fiscal year 2020 • EIN 04-3545940

Jan 01, 2020 to Dec 31, 2020 • Filed on May 04, 2021

330 Pond StreetSouth Weymouth, MA 02190

(781) 749-2432

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-163%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

22nd percentile

-3.5%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-48%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$502,323

Down $18,475 (-3.5%) from 2019

Net Assets

Down

$502,323

Down $18,475 (-3.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$11,355

Down $10,643 (-48%) from 2019

Expenses

Down

$29,830

Down $8,569 (-22%) from 2019

Net Income

Down

-$18,475

Down $2,074 (-13%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $520,798Liabilities 2019: $0Net Assets 2019: $520,7982019Assets 2020: $502,323Liabilities 2020: $0Net Assets 2020: $502,3232020Assets 2021: $501,200Liabilities 2021: $0Net Assets 2021: $501,2002021Assets 2022: $548,050Liabilities 2022: $0Net Assets 2022: $548,0502022Assets 2023: $579,786Liabilities 2023: $0Net Assets 2023: $579,7862023Assets 2024: $575,639Liabilities 2024: $0Net Assets 2024: $575,6392024

Highlighted filing

2020

Assets$502,323
Liabilities$0
Net Assets$502,323

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $21,998Expenses 2019: $38,399Net Income 2019: -$16,4012019Revenue 2020: $11,355Expenses 2020: $29,830Net Income 2020: -$18,4752020Revenue 2021: $29,924Expenses 2021: $31,047Net Income 2021: -$1,1232021Revenue 2022: $150,178Expenses 2022: $103,328Net Income 2022: $46,8502022Revenue 2023: $121,592Expenses 2023: $89,856Net Income 2023: $31,7362023Revenue 2024: $90,998Expenses 2024: $95,145Net Income 2024: -$4,1472024

Highlighted filing

2020

Revenue$11,355
Expenses$29,830
Net Income-$18,475
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 4, 2021
Return Version
2020v4.0
Gross Receipts
$11,355
Mission and Program Overview

Mission

To foster a community spirit that will be reflected in greater social activities among its members and a keener participation in civic affairs. To coopaerate in improving and beautifying the town of weymouth as a whole and this section known as pond plain in particular, so as to increase its attractiveness and desireability as a place of residence. To provide educational and recreational facilities for the residents of weymouth and pond plain in particular. Also, to conduct any other programs or activites as may be carried out by a corporation organized under massachusetts general laws, chapter 180 and described in section 501(c)(3) of the internal revenue code. The association is organized for and will be operated exclusively for charitable, literary or educational purposes as set forth in section 501(c)(3) of the internal revenue code, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under said section 501(c)(3) of said co

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$520,798$502,323▼ $18,475
Land, Buildings, and Equipment, Net$509,959$496,067▼ $13,892
Cash and Non-Interest-Bearing Accounts$10,839$6,256▼ $4,583
Total Assets$520,798$502,323▼ $18,475
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$520,798$502,323▼ $18,475
Total Liabilities and Net Assets / Fund Balance$520,798$502,323▼ $18,475

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$492,067$69,624$561,691
Land$4,000-$4,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Timothy P BarryPresident
Cheryl TaylorDirector
Dick BowdenDirector
James GallahueClerk
Carrie MacleanTreasurer
Philip BarthelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,680
Program Service Revenue
$8,675
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,035
Change in Net Assets
$-18,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$13,892--$13,892
Occupancy$4,794--$4,794
Fees for Services Accounting-$4,000-$4,000
Insurance-$3,191-$3,191
Other Expenses-$1,927-$1,927
Total Functional Expenses$18,686$11,144$0$29,830
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 6

The organization offers memberships that will allow the member a reduced rental rate of the hall.

Form 990, Page 6, Part VI, Line 7A

The governing body is made up of voting members assembled during regular or special meetings. Only members living within the pond plain area as defined in the bylaws are award a vote, unless the person is a member of the executive board, chairman of a standing committee or the right to vote is granted to upon them by a two-thirds vote of the active members.

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

The governing board allows the president, vice president or treasurer, based upon availability to review, approve and sign the 990 on behalf of the board.

Form 990, Page 6, Part VI, Line 12C

The board monitors and evaluates any actual or potential conflicts of interest by evaluation of all material facts and circumstances.

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

The organization does not currently compensate the board members and does not maintain any employees. However, the organization's bylaws call for periodic reviews of compensation and whether they are reasonable, based on competent survey information and the result of arm's length bargaining.

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

The organization does not currently compensate the board members and does not maintain any employees. However, the organization's bylaws call for periodic reviews of compensation and whether they are reasonable, based on competent survey information and the result of arm's length bargaining.

Form 990, Page 6, Part VI, Line 19

The organization has their governing documents, conflict of interest policy and financial information available on site, viewable upon request.

Filing and Contact Details

Filer

Filer Name
Pond Plain Improvement Association
EIN
04-3545940
Phone
7817492432
Address
330 POND STREET, SOUTH WEYMOUTH, MA 02190

Signing Officer

Name
Timothy P Barry
Title
President
Phone
7817492432
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy P Barry
Formed
1912
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Lynch Marini & Associates Inc
Address
99 LONGWATER CIRCLE SUITE 200, NORWELL, MA 02061
Preparer
Robert J Lynch CPA
Phone
7818715850
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To foster a community spirit that will be reflected in greater social activities among its members and a keener participation in civic affairs. To coopaerate in improving and beautifying the town of weymouth as a whole and this section known as pond plain in particular, so as to increase its attractiveness and desireability as a place of residence. To provide educational and recreational facilities for the residents of weymouth and pond plain in particular. Also, to conduct any other programs or activites as may be carried out by a corporation organized under massachusetts general laws, chapter 180 and described in section 501(c)(3) of the internal revenue code. The association is organized for and will be operated exclusively for charitable, literary or educational purposes as set forth in section 501(c)(3) of the internal revenue code, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under said section 501(c)(3) of said code.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FOSTER A COMMUNITY SPIRIT THAT WILL BE REFLECTED IN GREATER SOCIAL ACTIVITIES AMONG ITS MEMBERS AND A KEENER PARTICIPATION IN CIVIC AFFAIRS. TO COOPAERATE IN IMPROVING AND BEAUTIFYING THE TOWN OF WEYMOUTH AS A WHOLE AND THIS SECTION KNOWN AS POND PLAIN IN PARTICULAR, SO AS TO INCREASE ITS ATTRACTIVENESS AND DESIREABILITY AS A PLACE OF RESIDENCE. TO PROVIDE EDUCATIONAL AND RECREATIONAL FACILITIES FOR THE RESIDENTS OF WEYMOUTH AND POND PLAIN IN PARTICULAR. ALSO, TO CONDUCT ANY OTHER PROGRAMS OR ACTIVITES AS MAY BE CARRIED OUT BY A CORPORATION ORGANIZED UNDER MASSACHUSETTS GENERAL LAWS, CHAPTER 180 AND DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS ORGANIZED FOR AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE, LITERARY OR EDUCATIONAL PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SAID SECTION 501(C)(3) OF SAID CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OFFERS MEMBERSHIPS THAT WILL ALLOW THE MEMBER A REDUCED RENTAL RATE OF THE HALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS MADE UP OF VOTING MEMBERS ASSEMBLED DURING REGULAR OR SPECIAL MEETINGS. ONLY MEMBERS LIVING WITHIN THE POND PLAIN AREA AS DEFINED IN THE BYLAWS ARE AWARD A VOTE, UNLESS THE PERSON IS A MEMBER OF THE EXECUTIVE BOARD, CHAIRMAN OF A STANDING COMMITTEE OR THE RIGHT TO VOTE IS GRANTED TO UPON THEM BY A TWO-THIRDS VOTE OF THE ACTIVE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD ALLOWS THE PRESIDENT, VICE PRESIDENT OR TREASURER, BASED UPON AVAILABILITY TO REVIEW, APPROVE AND SIGN THE 990 ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MONITORS AND EVALUATES ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST BY EVALUATION OF ALL MATERIAL FACTS AND CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT CURRENTLY COMPENSATE THE BOARD MEMBERS AND DOES NOT MAINTAIN ANY EMPLOYEES. HOWEVER, THE ORGANIZATION'S BYLAWS CALL FOR PERIODIC REVIEWS OF COMPENSATION AND WHETHER THEY ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT CURRENTLY COMPENSATE THE BOARD MEMBERS AND DOES NOT MAINTAIN ANY EMPLOYEES. HOWEVER, THE ORGANIZATION'S BYLAWS CALL FOR PERIODIC REVIEWS OF COMPENSATION AND WHETHER THEY ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL INFORMATION AVAILABLE ON SITE, VIEWABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0520798
IRS990/TotalAssetsEOYAmt0502323
IRS990/TotalAssetsGrp/BOYAmt0520798
IRS990/TotalAssetsGrp/EOYAmt0502323
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02680
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011144
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018686
IRS990/TotalFunctionalExpensesGrp/TotalAmt029830
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0520798
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0502323
IRS990/TotalProgramServiceExpensesAmt018686
IRS990/TotalProgramServiceRevenueAmt08675
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08675
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011355
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0520798
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502323
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0PONDPLAIN.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY P BARRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07817492432
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POND PLAIN IMPROVEMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0POND
ReturnHeader/Filer/EIN0043545940
ReturnHeader/Filer/PhoneNum07817492432
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 POND STREET
ReturnHeader/Filer/USAddress/CityNm0SOUTH WEYMOUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002190
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823467953
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LYNCH MARINI & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt099 LONGWATER CIRCLE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002061
ReturnHeader/PreparerPersonGrp/PhoneNum07818715850
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J LYNCH CPA
ReturnHeader/ReturnTs02021-05-10T10:01:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARRY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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