Civic Intelligence

Laurel Ridge Inc

990 • Fiscal year 2023 • EIN 06-0713414

Nov 01, 2022 to Oct 31, 2023 • Filed on Mar 12, 2024

65 Ide Perrin RoadWoodstock, CT 06281

(860) 928-9174

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

82nd percentile

12%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,585,343

Up $173,376 (+12%) from 2022

Net Assets

Up

$1,578,359

Up $171,729 (+12%) from 2022

Liabilities

Up

$6,984

Up $1,647 (+31%) from 2022

Revenue

Up

$954,531

Up $136,392 (+17%) from 2022

Expenses

Up

$782,902

Up $29,832 (+4.0%) from 2022

Net Income

Up

$171,629

Up $106,560 (+164%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,672,847Liabilities 2011: $345,107Net Assets 2011: $1,327,7402011Assets 2012: $1,754,341Liabilities 2012: $293,899Net Assets 2012: $1,460,4422012Assets 2013: $1,613,647Liabilities 2013: $201,826Net Assets 2013: $1,411,8212013Assets 2014: $1,554,582Liabilities 2014: $155,381Net Assets 2014: $1,399,2012014Assets 2015: $1,468,871Liabilities 2015: $108,421Net Assets 2015: $1,360,4502015Assets 2016: $1,362,047Liabilities 2016: $59,676Net Assets 2016: $1,302,3712016Assets 2017: $1,273,950Liabilities 2017: $16,268Net Assets 2017: $1,257,6822017Assets 2018: $1,262,987Liabilities 2018: $6,432Net Assets 2018: $1,256,5552018Assets 2019: $1,281,268Liabilities 2019: $5,828Net Assets 2019: $1,275,4402019Assets 2020: $1,298,835Liabilities 2020: $4,749Net Assets 2020: $1,294,0862020Assets 2021: $1,346,456Liabilities 2021: $4,865Net Assets 2021: $1,341,5912021Assets 2022: $1,411,967Liabilities 2022: $5,337Net Assets 2022: $1,406,6302022Assets 2023: $1,585,343Liabilities 2023: $6,984Net Assets 2023: $1,578,3592023Assets 2024: $1,741,873Liabilities 2024: $6,961Net Assets 2024: $1,734,9122024Assets 2025: $1,909,878Liabilities 2025: $9,699Net Assets 2025: $1,900,1792025

Highlighted filing

2023

Assets$1,585,343
Liabilities$6,984
Net Assets$1,578,359

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $524,9252011Expenses 2012: $560,8032012Revenue 2013: $444,204Expenses 2013: $492,895Net Income 2013: -$48,6912013Revenue 2014: $601,409Expenses 2014: $614,052Net Income 2014: -$12,6432014Revenue 2015: $588,794Expenses 2015: $627,485Net Income 2015: -$38,6912015Revenue 2016: $622,407Expenses 2016: $680,506Net Income 2016: -$58,0992016Revenue 2017: $654,264Expenses 2017: $698,953Net Income 2017: -$44,6892017Revenue 2018: $696,162Expenses 2018: $697,329Net Income 2018: -$1,1672018Revenue 2019: $728,742Expenses 2019: $709,857Net Income 2019: $18,8852019Revenue 2020: $696,843Expenses 2020: $678,197Net Income 2020: $18,6462020Revenue 2021: $756,602Expenses 2021: $709,087Net Income 2021: $47,5152021Revenue 2022: $818,139Expenses 2022: $753,070Net Income 2022: $65,0692022Revenue 2023: $954,531Expenses 2023: $782,902Net Income 2023: $171,6292023Revenue 2024: $1,016,171Expenses 2024: $859,677Net Income 2024: $156,4942024Revenue 2025: $1,061,688Expenses 2025: $896,340Net Income 2025: $165,3482025

Highlighted filing

2023

Revenue$954,531
Expenses$782,902
Net Income$171,629
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Mar 12, 2024
Return Version
2022v5.0
Gross Receipts
$954,531
Mission and Program Overview

Mission

To operate and maintain a facility offering social and recreational privileges to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,025,317$1,054,703▲ $29,386
Savings and Temporary Cash Investments$297,523$435,463▲ $137,940
Cash and Non-Interest-Bearing Accounts$89,127$95,177▲ $6,050
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,411,967$1,585,343▲ $173,376
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$5,337$6,984▲ $1,647
Total Liabilities$5,337$6,984▲ $1,647
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,406,630$1,578,359▲ $171,729
Total Net Assets Fund Balance$1,406,630$1,578,359▲ $171,729
Total Liabilities and Net Assets / Fund Balance$1,411,967$1,585,343▲ $173,376

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$931,903$1,702,443$2,634,346
Land$103,188-$103,188
Equipment$19,612$62,131$81,743
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judy FergusonPresident
John PagnottaVice President
Dario CavalleroDirector
Erin RoyDirector
Jim MussgnugDirector
Kat QuinaDirector
Tyler CourtneyDirector
Jo-ann TolliverSecretary
Lainee TrudelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$762,381
Investment Income
$485
Other Revenue
$191,665
Change in Net Assets
$171,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,705
Salaries, Compensation, and Employee Benefits$208,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,350$80,277-$181,627
Depreciation Depletion$73,787--$73,787
All Other Expenses$73,748--$73,748
Insurance$53,503--$53,503
Other Expenses$35,534--$35,534
Office Expenses-$34,109-$34,109
Payroll Taxes$7,443$7,443-$14,886
Other Employee Benefits$5,842$5,842-$11,684
Fees for Services Accounting-$10,841-$10,841
Advertising$1,668$468-$2,136
Fees for Services Other-$1,188-$1,188
Total Functional Expenses$642,734$140,168$0$782,902
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 1A

Members elect the board of directors bi-annually. The board of directors must be members in good standing.

Form 990, Part VI, Section A, Line 6

The organization's members consist of voting and non-voting members.

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

The board of directors manage the organization and present business decisions for a vote by members.

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

Members vote on business decisions presented by the board of directors.

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is reviewed by the board of directors prior to issuance.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Laurel Ridge Inc
EIN
06-0713414
Phone
8609289174
Address
65 IDE PERRIN ROAD, WOODSTOCK, CT 06281

Signing Officer

Name
Lainee Trudel
Title
Treasurer
Signed
2024-03-12
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ct
Voting Board Members
238
Independent Board Members
0
Employees
5

Preparer

Firm
Mmnt LLC
Address
160 Chapel Road Suite 301, Manchester, CT 06042
Preparer
Philip S Nemphos
Phone
8606431001
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Stock redemption, net of issuance = $100

Financial Statement Notes

Part X : FIN48 Footnote

The organization believes it has no uncertain tax positions as of october 31,2023. Under the income tax basis of accounting, the organization does not recognize a liability for uncertain tax positions until an agreement and settlement is reached with the taxing authority. The organization's income tax returns are subject to examination by the appropriate taxing jurisdiction generally for three years after they are filed.

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IRS990/OtherRevenueMiscGrp/Desc0CABLE & INTERNET SERVICES
IRS990/OtherRevenueMiscGrp/Desc1CAMP STORE
IRS990/OtherRevenueMiscGrp/Desc2GROUNDS FEE - NONMEMBER
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130596
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt285222
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt130596
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt285222
IRS990/OtherRevenueTotalAmt0191665
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080277
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0101350
IRS990/OtherSalariesAndWagesGrp/TotalAmt0181627
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt07443
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ALL OTHER PROGRAM SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1CAMPING FEES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3SITE RENTALS
IRS990/ProgramServiceRevenueGrp/Desc4SPECIAL EVENTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt139655
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2659630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt332882
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09694
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2659630
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420520
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IRS990/PYInvestmentIncomeAmt01113
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IRS990/PYOtherRevenueAmt0203000
IRS990/PYProgramServiceRevenueAmt0614026
IRS990/PYRevenuesLessExpensesAmt065069
IRS990/PYSalariesCompEmpBnftPaidAmt0188031
IRS990/PYTotalExpensesAmt0753070
IRS990/PYTotalRevenueAmt0818139
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0171629
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0762381
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0297523
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt062131
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081743
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01702443
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02634346
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF OCTOBER 31,2023. UNDER THE INCOME TAX BASIS OF ACCOUNTING, THE ORGANIZATION DOES NOT RECOGNIZE A LIABILITY FOR UNCERTAIN TAX POSITIONS UNTIL AN AGREEMENT AND SETTLEMENT IS REACHED WITH THE TAXING AUTHORITY. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ELECT THE BOARD OF DIRECTORS BI-ANNUALLY. THE BOARD OF DIRECTORS MUST BE MEMBERS IN GOOD STANDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S MEMBERS CONSIST OF VOTING AND NON-VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MANAGE THE ORGANIZATION AND PRESENT BUSINESS DECISIONS FOR A VOTE BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS VOTE ON BUSINESS DECISIONS PRESENTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STOCK REDEMPTION, NET OF ISSUANCE = $100
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0642734
IRS990/TotalFunctionalExpensesGrp/TotalAmt0782902
IRS990/TotalGrossUBIAmt0191665
IRS990/TotalLiabilitiesBOYAmt05337
IRS990/TotalLiabilitiesEOYAmt06984
IRS990/TotalLiabilitiesGrp/BOYAmt05337
IRS990/TotalLiabilitiesGrp/EOYAmt06984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01406630
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01578359
IRS990/TotalProgramServiceExpensesAmt0642734
IRS990/TotalProgramServiceRevenueAmt0762381
IRS990/TotalRevenueGrp/ExclusionAmt0485
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0762381
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0954531
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0191665
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01411967
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01585343
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt065 IDE PERRIN ROAD
IRS990/USAddress/CityNm0WOODSTOCK
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006281
IRS990/VotingMembersGoverningBodyCnt0238
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.solairrl.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAINEE TRUDEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-12

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.91$0.01$1.90$1.06$0.90$0.17
2024Detailed filing. Detailed filing data is available for this year.$1.74$0.01$1.73$1.02$0.86$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.01$1.58$0.95$0.78$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.01$1.41$0.82$0.75$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.34$0.76$0.71$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.29$0.70$0.68$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.01$1.28$0.73$0.71$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.26$0.70$0.70$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.02$1.26$0.65$0.70$0.04
2016Summary only. Only limited summary data is available for this year.$1.36$0.06$1.30$0.62$0.68$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.11$1.36$0.59$0.63$0.04
2014Summary only. Only limited summary data is available for this year.$1.55$0.16$1.40$0.60$0.61$0.01
2013Summary only. Only limited summary data is available for this year.$1.61$0.20$1.41$0.44$0.49$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.29$1.46$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.35$1.33$0.52