Civic Intelligence

Pond Plain Improvement Association

990 • Fiscal year 2022 • EIN 04-3545940

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 05, 2023

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

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

64th percentile

9.3%

Faster asset growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

402%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$548,050

Up $46,850 (+9.3%) from 2021

Net Assets

Up

$548,050

Up $46,850 (+9.3%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$150,178

Up $120,254 (+402%) from 2021

Expenses

Up

$103,328

Up $72,281 (+233%) from 2021

Net Income

Up

$46,850

Up $47,973 (+4272%) from 2021

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

2022

Assets$548,050
Liabilities$0
Net Assets$548,050

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

2022

Revenue$150,178
Expenses$103,328
Net Income$46,850
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 5, 2023
Return Version
2022v5.0
Gross Receipts
$150,178
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$501,200$548,050▲ $46,850
Land, Buildings, and Equipment, Net$482,175$492,776▲ $10,601
Cash and Non-Interest-Bearing Accounts$19,025$55,274▲ $36,249
Total Assets$501,200$548,050▲ $46,850
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$501,200$548,050▲ $46,850
Total Liabilities and Net Assets / Fund Balance$501,200$548,050▲ $46,850

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$464,283$97,408$561,691
Other Land Buildings$24,493$507$25,000
Land$4,000-$4,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Timothy P BarryPresident
Brian KintzDirector
Cheryl TaylorDirector
Christopher QuinnDirector
James GallahueClerk
Carrie MacleanTreasurer
Philip BarthelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$118,998
Program Service Revenue
$31,180
Investment Income
$0
Other Revenue
$0
All Other Contributions
$70,289
Change in Net Assets
$46,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,328
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$14,399--$14,399
All Other Expenses$9,929$2,308-$12,237
Occupancy$8,513--$8,513
Other Expenses$4,493$8,590-$4,493
Office Expenses-$4,329-$4,329
Insurance-$1,945-$1,945
Fees for Services Accounting-$1,250-$1,250
Total Functional Expenses$84,906$18,422$0$103,328
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
2023-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy P Barry
Formed
1912
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
0
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.

Form 990, Part IX, Line 24E

Dues 0 2,308 0 quatermaster expense 2,109 0 0 fundraising expense 1,987 0 0 comittee expenses 1,775 0 0 advancement expense 1,737 0 0 scoutmaster expense 977 0 0 summer camp 615 0 0 newsletter expense 369 0 0 bottle drive expense 360 0 0 total 9,929 2,308 0

Form 990, Part XI, Line 9

Cub scout prior year adjustment 0 boy scout prior year adjustment 0

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt013726
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0227181
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
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IRS990ScheduleD/LandGrp/BookValueAmt04000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0464283
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt097408
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0561691
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0507
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0492776
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt8DUES 0 2,308 0 QUATERMASTER EXPENSE 2,109 0 0 FUNDRAISING EXPENSE 1,987 0 0 COMITTEE EXPENSES 1,775 0 0 ADVANCEMENT EXPENSE 1,737 0 0 SCOUTMASTER EXPENSE 977 0 0 SUMMER CAMP 615 0 0 NEWSLETTER EXPENSE 369 0 0 BOTTLE DRIVE EXPENSE 360 0 0 TOTAL 9,929 2,308 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CUB SCOUT PRIOR YEAR ADJUSTMENT 0 BOY SCOUT PRIOR YEAR ADJUSTMENT 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0548050
IRS990/TotalAssetsGrp/BOYAmt0501200
IRS990/TotalAssetsGrp/EOYAmt0548050
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IRS990/TotalContributionsAmt0118998
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018422
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084906
IRS990/TotalFunctionalExpensesGrp/TotalAmt0103328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0501200
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0548050
IRS990/TotalProgramServiceExpensesAmt084906
IRS990/TotalProgramServiceRevenueAmt031180
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031180
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150178
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0501200
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0548050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0PONDPLAIN.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY P BARRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07817492432
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-05
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J LYNCH CPA
ReturnHeader/ReturnTs02023-06-08T11:27:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARRY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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