Civic Intelligence

Georgica Association

EIN 11-2214851 • 501(c)7 • East Hampton, NY

Profile

Maintain association's physical facilities

74 Montauk Highway Unit 19East Hampton, NY 11937

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

25th percentile

-3.4%

Higher net margin than 25% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-2.0%

Faster asset growth than 28% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

2.2%

Faster revenue growth than 36% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,266,404

Down $25,282 (-2.0%) from 2023

Liabilities

Up

$9,572

Up $157 (+1.7%) from 2023

Net Assets

Down

$1,256,832

Down $25,439 (-2.0%) from 2023

Revenue

Up

$737,948

Up $15,765 (+2.2%) from 2023

Expenses

Up

$763,387

Up $102,621 (+16%) from 2023

Net Income

Down

-$25,439

Down $86,856 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $628,065Liabilities 2010: $4,449Net Assets 2010: $623,6162010Assets 2011: $690,706Liabilities 2011: $23,872Net Assets 2011: $666,8342011Assets 2012: $728,284Liabilities 2012: $21,218Net Assets 2012: $707,0662012Assets 2013: $912,032Liabilities 2013: $85,175Net Assets 2013: $826,8572013Assets 2014: $1,082,417Liabilities 2014: $139,856Net Assets 2014: $942,5612014Assets 2015: $961,951Liabilities 2015: $52,054Net Assets 2015: $909,8972015Assets 2016: $1,150,091Liabilities 2016: $6,477Net Assets 2016: $1,143,6142016Assets 2017: $1,219,663Liabilities 2017: $27,752Net Assets 2017: $1,191,9112017Assets 2018: $1,217,765Liabilities 2018: $55,655Net Assets 2018: $1,162,1102018Assets 2019: $973,859Liabilities 2019: $69,594Net Assets 2019: $904,2652019Assets 2020: $881,368Liabilities 2020: $46,912Net Assets 2020: $834,4562020Assets 2021: $1,054,102Liabilities 2021: $78,131Net Assets 2021: $975,9712021Assets 2022: $1,235,482Liabilities 2022: $14,628Net Assets 2022: $1,220,8542022Assets 2023: $1,291,686Liabilities 2023: $9,415Net Assets 2023: $1,282,2712023Assets 2024: $1,266,404Liabilities 2024: $9,572Net Assets 2024: $1,256,8322024

Highlighted filing

2024

Assets$1,266,404
Liabilities$9,572
Net Assets$1,256,832

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $282,0562010Expenses 2011: $312,1532011Expenses 2012: $372,9382012Revenue 2013: $507,756Expenses 2013: $387,965Net Income 2013: $119,7912013Revenue 2014: $495,698Expenses 2014: $367,307Net Income 2014: $128,3912014Revenue 2015: $381,115Expenses 2015: $413,779Net Income 2015: -$32,6642015Revenue 2016: $644,167Expenses 2016: $410,450Net Income 2016: $233,7172016Revenue 2017: $477,877Expenses 2017: $429,580Net Income 2017: $48,2972017Revenue 2018: $537,116Expenses 2018: $566,917Net Income 2018: -$29,8012018Revenue 2019: $515,138Expenses 2019: $772,983Net Income 2019: -$257,8452019Revenue 2020: $604,027Expenses 2020: $673,836Net Income 2020: -$69,8092020Revenue 2021: $805,181Expenses 2021: $663,666Net Income 2021: $141,5152021Revenue 2022: $896,326Expenses 2022: $651,443Net Income 2022: $244,8832022Revenue 2023: $722,183Expenses 2023: $660,766Net Income 2023: $61,4172023Revenue 2024: $737,948Expenses 2024: $763,387Net Income 2024: -$25,4392024

Highlighted filing

2024

Revenue$737,948
Expenses$763,387
Net Income-$25,439

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.26$0.74$0.76$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.28$0.72$0.66$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.22$0.90$0.65$0.24
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.08$0.98$0.81$0.66$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$0.60$0.67$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.07$0.90$0.52$0.77$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.06$1.16$0.54$0.57$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.03$1.19$0.48$0.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.64$0.41$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.05$0.91$0.38$0.41$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.14$0.94$0.50$0.37$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.09$0.83$0.51$0.39$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.02$0.71$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.02$0.67$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.62$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.0
Gross Receipts
$737,948
Mission and Program Overview

Mission

Maintain Associations Physical Facilities

Maintain association's physical facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,282,271$1,256,832▼ $25,439
Land, Buildings, and Equipment, Net$835,200$777,685▼ $57,515
Cash and Non-Interest-Bearing Accounts$389,827$322,842▼ $66,985
Savings and Temporary Cash Investments$49,325$149,349▲ $100,024
Prepaid Expenses and Deferred Charges$17,334$16,528▼ $806
Total Assets$1,291,686$1,266,404▼ $25,282
Liabilities
Accounts Payable and Accrued Expenses$5,489$7,818▲ $2,329
Other Liabilities$3,926$1,754▼ $2,172
Total Liabilities$9,415$9,572▲ $157
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,282,271$1,256,832▼ $25,439
Total Liabilities and Net Assets / Fund Balance$1,291,686$1,266,404▼ $25,282

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$592,023$1,164,140-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ralph RosenbergPresident
Aaron HsuBoard Member
Aexa ChaeBoard Member
Eleanor HoaglandBoard Member
Elizabeth GormleyBoard Member
Marcia DunnBoard Member
Michael NierenbergBoard Member
Peter KaganBoard Member
Robert CochranBoard Member
Sid PerkinsBoard Member
Melissa BausanoSecretary
Victoria GrahamV,p, Non-tru
Susannah KaganV.p, Non-tru
Amy ThorntonV.p, Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$726,092
Program Service Revenue
$0
Investment Income
$11,856
Other Revenue
$0
Change in Net Assets
$-25,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,861
Salaries, Compensation, and Employee Benefits$379,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$341,538-$341,538
All Other Expenses-$51,481-$51,481
Payroll Taxes-$37,988-$37,988
Insurance-$35,164-$35,164
Other Expenses-$21,806-$21,806
Depreciation Depletion$15,247--$15,247
Fees for Services Accounting-$11,657-$11,657
Office Expenses-$5,848-$5,848
Fees for Services Legal-$885-$885
Total Functional Expenses$15,247$748,140$0$763,387
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll & Sales Tax Payable$1,754
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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, Page 6, Part VI, Line 6

The orgainzation has members which elect the governing body.

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

Full membership elects trustees on an annual basis.

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

Membership have to vote on changes to article of incorportion. Trustee maintain control of all other aspects such as maintenance and administrative tasks.

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

Tax return reviewed and signed by officer/board member prior to filing 990

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Georgica Association
EIN
11-2214851
Address
74 MONTAUK HIGHWAY UNIT 19, EAST HAMPTON, NY 11937

Signing Officer

Name
Amy Thornton
Title
V.p, Treasurer
Phone
6313247323
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ralph Rosenberg
Formed
1984
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
19

Preparer

Firm
Eierman & Schulken Assoc
Address
159-47 102ND STREET, HOWARD BEACH, NY 11414-3516
Preparer
Craig Schulken Ea
Phone
7188351978
Supplemental Narrative

Additional Explanations

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

Depreciation of investment property

Raw XML Appendix335 raw XML fields

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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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01164140
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01756163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL & SALES TAX PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION OF INVESTMENT PROPERTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGAINZATION HAS MEMBERS WHICH ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FULL MEMBERSHIP ELECTS TRUSTEES ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERSHIP HAVE TO VOTE ON CHANGES TO ARTICLE OF INCORPORTION. TRUSTEE MAINTAIN CONTROL OF ALL OTHER ASPECTS SUCH AS MAINTENANCE AND ADMINISTRATIVE TASKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX RETURN REVIEWED AND SIGNED BY OFFICER/BOARD MEMBER PRIOR TO FILING 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0748140
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015247
IRS990/TotalFunctionalExpensesGrp/TotalAmt0763387
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09415
IRS990/TotalLiabilitiesEOYAmt09572
IRS990/TotalLiabilitiesGrp/BOYAmt09415
IRS990/TotalLiabilitiesGrp/EOYAmt09572
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01282271
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01256832
IRS990/TotalRevenueGrp/ExclusionAmt011856
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0737948
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01291686
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01266404
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY THORNTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.P, TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06313247323
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEORGICA ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0112214851
ReturnHeader/Filer/USAddress/AddressLine1Txt074 MONTAUK HIGHWAY UNIT 19
ReturnHeader/Filer/USAddress/CityNm0EAST HAMPTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011937
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113448615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIERMAN & SCHULKEN ASSOC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0159-47 102ND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOWARD BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0114143516
ReturnHeader/PreparerPersonGrp/PhoneNum07188351978
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG SCHULKEN EA
ReturnHeader/ReturnTs02025-11-17T09:41:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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