Civic Intelligence

The Watch Hill Conservancy

990 • Fiscal year 2013 • EIN 05-0506961

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

56 Wells StWesterly, RI 02891

(401) 348-6540

Siviq Scores

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

Liabilities / Assets

35th percentile

0.04x

Higher debt load relative to assets than 35% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

36th percentile

-1.3%

Higher net margin than 36% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

46th percentile

$39,551

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

97th percentile

211%

Faster revenue growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Assets

Down

$2,128,710

Down $7,486 (-0.4%) from 2012

Net Assets

Down

$2,048,414

Down $46,276 (-2.2%) from 2012

Liabilities

Up

$80,296

Up $38,790 (+93%) from 2012

Revenue

$3,279,610

No earlier filing loaded for comparison.

Expenses

Up

$3,321,137

Up $2,208,110 (+198%) from 2012

Net Income

-$41,527

No earlier filing loaded for comparison.

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 2010: $1,842,183Liabilities 2010: $57,505Net Assets 2010: $1,784,6782010Assets 2011: $1,983,980Liabilities 2011: $44,787Net Assets 2011: $1,939,1932011Assets 2012: $2,136,196Liabilities 2012: $41,506Net Assets 2012: $2,094,6902012Assets 2013: $2,128,710Liabilities 2013: $80,296Net Assets 2013: $2,048,4142013Assets 2014: $1,587,620Liabilities 2014: $34,395Net Assets 2014: $1,553,2252014Assets 2015: $2,053,002Liabilities 2015: $28,858Net Assets 2015: $2,024,1442015Assets 2016: $2,083,728Liabilities 2016: $22,235Net Assets 2016: $2,061,4932016Assets 2017: $2,265,939Liabilities 2017: $19,774Net Assets 2017: $2,246,1652017Assets 2018: $2,163,092Liabilities 2018: $19,594Net Assets 2018: $2,143,4982018Assets 2019: $2,116,923Liabilities 2019: $23,259Net Assets 2019: $2,093,6642019Assets 2020: $2,225,068Liabilities 2020: $59,072Net Assets 2020: $2,165,9962020Assets 2021: $2,163,750Liabilities 2021: $27,939Net Assets 2021: $2,135,8112021Assets 2022: $2,131,676Liabilities 2022: $91,806Net Assets 2022: $2,039,8702022Assets 2023: $2,192,497Liabilities 2023: $26,054Net Assets 2023: $2,166,4432023Assets 2024: $2,314,709Liabilities 2024: $55,084Net Assets 2024: $2,259,6252024

Highlighted filing

2013

Assets$2,128,710
Liabilities$80,296
Net Assets$2,048,414

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $697,2642010Revenue 2011: $338,407Expenses 2011: $302,137Net Income 2011: $36,2702011Expenses 2012: $1,113,0272012Revenue 2013: $3,279,610Expenses 2013: $3,321,137Net Income 2013: -$41,5272013Revenue 2014: $265,015Expenses 2014: $758,570Net Income 2014: -$493,5552014Revenue 2015: $960,670Expenses 2015: $461,875Net Income 2015: $498,7952015Revenue 2016: $223,689Expenses 2016: $228,014Net Income 2016: -$4,3252016Revenue 2017: $329,934Expenses 2017: $214,020Net Income 2017: $115,9142017Revenue 2018: $286,514Expenses 2018: $262,715Net Income 2018: $23,7992018Revenue 2019: $474,391Expenses 2019: $600,411Net Income 2019: -$126,0202019Revenue 2020: $398,088Expenses 2020: $367,004Net Income 2020: $31,0842020Revenue 2021: $499,770Expenses 2021: $545,553Net Income 2021: -$45,7832021Revenue 2022: $614,896Expenses 2022: $565,542Net Income 2022: $49,3542022Revenue 2023: $647,199Expenses 2023: $594,659Net Income 2023: $52,5402023Revenue 2024: $804,931Expenses 2024: $739,616Net Income 2024: $65,3152024

Highlighted filing

2013

Revenue$3,279,610
Expenses$3,321,137
Net Income-$41,527
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$3,326,678
Mission and Program Overview

Mission

The watch hill conservancy was incorporated in 1999 to promote the preservation of the natural and built environments of watch hill, ri; to conserve, maintain, and enhance the scenic, open space and historical values and the character of watch hill; to educate the public concerning the same; to acquire and preserve interests in real property; and any other purposes incidental to the aforesaid purposes, whether accomplished within watch hill or in other nearby areas of the town of westerly, ri or stonington, ct.

The watch hill conservancy was incorporated in 1999 to promote the preservation of the natural and built environments of watch hill, ri; to conserve, maintain and enhance the scenic, open space and historical values and the character of watch hill and support the continued vitality and sustainability of the community; to educate the public concerning the same; and to acqure and preserve interests in real property; and any other purposes incidental to the aforesaid purposes, whether accomplished within the watch hill fire district or in nearby areas of the town of westerly, ri or stonington, ct.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,028,005$1,028,005→ $0
Cash and Non-Interest-Bearing Accounts$388,779$519,294▲ $130,515
Investments in Publicly Traded Securities-$428,266-
Savings and Temporary Cash Investments$643,218$60,438▼ $582,780
Inventories for Sale or Use$36,427$27,157▼ $9,270
Prepaid Expenses and Deferred Charges-$22,471-
Total Assets$2,136,197$2,128,710▼ $7,487
Other Assets Total$39,768$43,079▲ $3,311
Liabilities
Accounts Payable and Accrued Expenses$4,789$51,661▲ $46,872
Escrow Account Liability$36,718$28,635▼ $8,083
Total Liabilities$41,507$80,296▲ $38,789
Net Assets / Fund Balance
Unrestricted Net Assets$1,906,837$1,884,552▼ $22,285
Temporarily Rstr Net Assets$187,853$163,862▼ $23,991
Total Net Assets Fund Balance$2,094,690$2,048,414▼ $46,276
Total Liabilities and Net Assets / Fund Balance$2,136,197$2,128,710▼ $7,487

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,028,005-$1,028,005
Equipment-$10,346$10,346
Compensation and Service Providers

Employees

NameTitleBaseTotal
Chaplin BarnesExecutive Di$39,551$39,551
Kimberlie Raynor-russellInterim Dire$19,000$19,000

Highest Paid Contractors

ContractorServicesLocationCompensation
National GridUtil Pole Proj-$1,567,625
Boyle And FogertyUtil Pole Proj-$840,883
The Pentaview CollaborativeUtil Pole Proj-$155,550
Shoreline Lawn ServiceUtil Pole Proj-$136,140
Cherenzia And AssociatesUtil Pole Proj-$108,360
Revenue and Support

Revenue Composition

Contributions and Grants
$3,287,036
Program Service Revenue
$0
Investment Income
$7,451
Other Revenue
$-14,877
All Other Contributions
$180,171
Change in Net Assets
$-41,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,262,586
Salaries, Compensation, and Employee Benefits$58,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,160,620$9,567-$3,170,187
Current Officers, Directors, Trustees, and Key Employees$46,841$11,710-$58,551
Fees for Services Management$23,793$5,948-$29,741
Fees for Services Legal$22,691--$22,691
Office Expenses$17,799$2,283-$20,082
Fees for Services Accounting-$7,625-$7,625
Insurance-$7,027-$7,027
Occupancy-$3,066-$3,066
Fees for Service Investment Mgmnt Fees-$1,267-$1,267
Advertising-$900-$900
Total Functional Expenses$3,271,744$49,393$0$3,321,137
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$31,964
Fundraising Gross Income$20,540
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$126,105$20,540$31,964$-11,424
Total Events$126,105$20,540$31,964$-11,424
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 organizations members have the power to elect or appoint one or more members of the governing body.

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

The organizations members have the power to elect or appoint one or more members of the governing body.

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

After completion, the 990 is reviewed by the executive director, treasurer and office manager. Subsequent to their review, the 990 is then provided to the directors for review and approval prior to filing with the irs.

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

Directors and key employees are required to disclose any potential conflicts of interest in writing on an annual basis. The executive director and attorney regularly monitor foundation relationships and are responsible for raising conflict of interest issues.

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

The compensation for the executive director is determined by recommendation of the finance committee to the board of directors. Compensation is based on an agreed upon anual amount.

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

The compensation for the executive director, key employees and officers is determined by recommendation of the finance committee to the board of directors. Compensation is based on an agreed upon anual amount.

Form 990, Page 6, Part VI, Line 19

990 is available on the guidestar website. In addition, governing documents are available to the public upon request.

Filing and Contact Details

Filer

EIN
05-0506961
Phone
4013486540

Signing Officer

Name
Sharon Ahern
Title
Executive Director
Phone
4013486540
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Ahern
Formed
1999
Legal Domicile
Ri
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Preparer
Terence J Malaghan CPA
Phone
4015962000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The watch hill conservancy was incorporated in 1999 to promote the preservation of the natural and built environments of watch hill, ri; to conserve, maintain and enhance the scenic, open space and historical values and the character of watch hill and support the continued vitality and sustainability of the community; to educate the public concerning the same; and to acqure and preserve interests in real property; and any other purposes incidental to the aforesaid purposes, whether accomplished within the watch hill fire district or in nearby areas of the town of westerly, ri or stonington, ct.

Form 990, Page 2, Part III, Line 4D

The conservancy's newsletter, the watch hill conservator, is circulated to 1300 households in the watch hill area and provides in-depth information on conservation and historic preservation issues, with a special focus on watch hill and the nearby shoreline.

Form 990, Part IX, Line 11G

Infrastructrue enhancement 3,120,196 0 0 naptree conservation program 25,927 0 0 documentary 10,251 0 0 property taxes 2,131 0 0 architectural design 1,665 0 0 special area management plan 450 0 0 annual meeting 0 3,290 0 dues and subscriptions 0 2,788 0 postage and delivery 0 1,869 0 website 0 1,020 0 telephone 0 600 0 0 0 0 summer gala master card fees 217 0 0 web design auction 605 0 0 art commissions 4,250 0 0 miscellaneous 340 0 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The conservancy is acting as an agent for the watch hill fire district during the year ended december 31, 2010, the conservancy accepted a grant of 50,000 on behalf of the fire district. The remaining funds of 36,700 will be disbursed at the direction of the fire district in accordance with grant guidelines.

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IRS990/Form990PartVIISectionAGrp/PersonNm16CHARLES S WHITMAN III
IRS990/Form990PartVIISectionAGrp/PersonNm17CHAPLIN BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm18KIMBERLIE RAYNOR-RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm19PETER B GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm20JANE B O'CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm21RICHARD H SAYRE
IRS990/Form990PartVIISectionAGrp/PersonNm22FREDRICK B WHITTEMORE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt18INTERIM DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT, C
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IRS990/MissionDesc0THE WATCH HILL CONSERVANCY WAS INCORPORATED IN 1999 TO PROMOTE THE PRESERVATION OF THE NATURAL AND BUILT ENVIRONMENTS OF WATCH HILL, RI; TO CONSERVE, MAINTAIN AND ENHANCE THE SCENIC, OPEN SPACE AND HISTORICAL VALUES AND THE CHARACTER OF WATCH HILL AND SUPPORT THE CONTINUED VITALITY AND SUSTAINABILITY OF THE COMMUNITY; TO EDUCATE THE PUBLIC CONCERNING THE SAME; AND TO ACQURE AND PRESERVE INTERESTS IN REAL PROPERTY; AND ANY OTHER PURPOSES INCIDENTAL TO THE AFORESAID PURPOSES, WHETHER ACCOMPLISHED WITHIN THE WATCH HILL FIRE DISTRICT OR IN NEARBY AREAS OF THE TOWN OF WESTERLY, RI OR STONINGTON, CT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-159
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-11424
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-3453
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-3453
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IRS990/NoncashContributionsAmt05831
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0SHARON AHERN
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IRS990/ProgSrvcAccomActy2Grp/Desc02013 WAS THE EIGHTH YEAR OF THE CONSERVANCY'S INVOLVEMENT IN THE NAPATREE POINT CONSERVATION PROGRAM WHICH INCLUDES ENVIRONMENTAL EDUCATION PROGRAMS. IN 2013 THERE WAS A RECORD NUMBER OF PARTICIPATING STUDENTS AND A MARKED SENSE OF COMMUNITY SUPPORT FOR A CONSERVATION REGIME THAT SUPPORTS ENVIRONMENTAL CONSERVATION, TOGETHER WITH PUBLIC ACCESS AND PUBLIC ENJOYMENT OF WATCH HILL'S MOST SIGNIFICANT NATURAL AREA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CONSERVATION ACTIVITIES INCLUDE THE MAINTENANCE OF PROPERTIES CURRENTLY OWNED BY THE CONSERVANCY AS WELL AS EXPLORING THE ACQUISITION OF OTHER PROPERTIES OF NATURAL SIGNIFICANCE. THE CONSERVANCY ALSO OFFERS FREE ARCHITECTURAL DESIGN INFORMATION TO LOCAL PROPERTY OWNERS TO AID THEM IN MAKING PROPERTY RENOVATIONS CONSISTENT WITH THE HISTORY OF THE AREA.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE CONSERVANCY'S NEWSLETTER, THE WATCH HILL CONSERVATOR, IS CIRCULATED TO 1300 HOUSEHOLDS IN THE WATCH HILL AREA AND PROVIDES IN-DEPTH INFORMATION ON CONSERVATION AND HISTORIC PRESERVATION ISSUES, WITH A SPECIAL FOCUS ON WATCH HILL AND THE NEARBY SHORELINE.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0613834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060996
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05538940
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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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.$2.31$0.06$2.26$0.80$0.74$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.19$0.03$2.17$0.65$0.59$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.09$2.04$0.61$0.57$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.03$2.14$0.50$0.55$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.23$0.06$2.17$0.40$0.37$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.02$2.09$0.47$0.60$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.02$2.14$0.29$0.26$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.02$2.25$0.33$0.21$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.02$2.06$0.22$0.23$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.05$0.03$2.02$0.96$0.46$0.50
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.59$0.03$1.55$0.27$0.76$0.49
2013Detailed filing. Detailed filing data is available for this year.$2.13$0.08$2.05$3.28$3.32$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.04$2.09$1.11
2011Summary only. Only limited summary data is available for this year.$1.98$0.04$1.94$0.34$0.30$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.06$1.78$0.70