Civic Intelligence

Fishers Island Recreational Path Foundation

990 • Fiscal year 2023 • EIN 11-3588899

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 19, 2024

PO Box 619Fishers Island, NY 06390

(860) 941-4585

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • NTEE N • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.01x

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

2023 filings • NTEE N • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-179%

Higher net margin than 1% of similar nonprofits.

2023 filings • NTEE N • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2023 filings • NTEE N • $1M-$5M nonprofits • Source year 2023

Asset Growth

19th percentile

-4.6%

Faster asset growth than 19% of similar nonprofits.

2023 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-31%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,394,383

Down $116,111 (-4.6%) from 2022

Net Assets

Down

$2,393,761

Down $116,733 (-4.6%) from 2022

Liabilities

Up

$622

Up $622 from 2022

Revenue

Down

$120,193

Down $54,276 (-31%) from 2022

Expenses

Down

$335,130

Down $49,887 (-13%) from 2022

Net Income

Down

-$214,937

Down $4,389 (-2.1%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,502,186Liabilities 2011: $12011Assets 2012: $4,200,843Liabilities 2012: $42012Assets 2013: $4,212,300Liabilities 2013: $1Net Assets 2013: $4,212,2992013Assets 2014: $3,938,608Liabilities 2014: $892014Assets 2015: $3,646,116Liabilities 2015: $114Net Assets 2015: $3,646,0022015Assets 2016: $3,354,911Liabilities 2016: $128Net Assets 2016: $3,354,7832016Assets 2018: $2,753,352Liabilities 2018: $0Net Assets 2018: $2,753,3522018Assets 2019: $2,473,186Liabilities 2019: $0Net Assets 2019: $2,473,1862019Assets 2020: $2,740,198Liabilities 2020: $0Net Assets 2020: $2,740,1982020Assets 2021: $2,887,759Liabilities 2021: $0Net Assets 2021: $2,887,7592021Assets 2022: $2,510,494Liabilities 2022: $0Net Assets 2022: $2,510,4942022Assets 2023: $2,394,383Liabilities 2023: $622Net Assets 2023: $2,393,7612023Assets 2024: $2,389,928Liabilities 2024: $525Net Assets 2024: $2,389,4032024

Highlighted filing

2023

Assets$2,394,383
Liabilities$622
Net Assets$2,393,761

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $152,875Expenses 2011: $262,238Net Income 2011: -$109,3632011Revenue 2012: $964,845Expenses 2012: $266,191Net Income 2012: $698,6542012Revenue 2013: $326,191Expenses 2013: $314,731Net Income 2013: $11,4602013Revenue 2014: $72,071Expenses 2014: $345,851Net Income 2014: -$273,7802014Revenue 2015: $65,269Expenses 2015: $357,225Net Income 2015: -$291,9562015Revenue 2016: $71,080Expenses 2016: $375,706Net Income 2016: -$304,6262016Revenue 2018: $37,735Expenses 2018: $345,132Net Income 2018: -$307,3972018Revenue 2019: $51,018Expenses 2019: $346,971Net Income 2019: -$295,9532019Revenue 2020: $664,128Expenses 2020: $424,441Net Income 2020: $239,6872020Revenue 2021: $474,123Expenses 2021: $340,514Net Income 2021: $133,6092021Revenue 2022: $174,469Expenses 2022: $385,017Net Income 2022: -$210,5482022Revenue 2023: $120,193Expenses 2023: $335,130Net Income 2023: -$214,9372023Revenue 2024: $431,393Expenses 2024: $359,431Net Income 2024: $71,9622024

Highlighted filing

2023

Revenue$120,193
Expenses$335,130
Net Income-$214,937
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 19, 2024
Return Version
2023v5.0
Gross Receipts
$120,193
Mission and Program Overview

Mission

Fishers island recreational path foundation was established to oversee the construction and maintenance of a public recreational path for the entire fishers island community. By constructing the path, the foundation hopes to promote and improve the health, safety, recreation and well-being of the residents of suffolk county, new york.

Fishers island recreational path foundation was established to oversee the construction and maintenance of a public recreational path for hte entire fishers island community. By constructing the path, the foundation hopes to promote and improve the health, safety, recreation and well-being of hte residents of suffolk county, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,506,166$1,197,242▼ $308,924
Investments in Publicly Traded Securities$751,937$850,141▲ $98,204
Cash and Non-Interest-Bearing Accounts$252,391$347,000▲ $94,609
Total Assets$2,510,494$2,394,383▼ $116,111
Liabilities
Accounts Payable and Accrued Expenses-$622-
Total Liabilities$0$622▲ $622
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,510,494$2,393,761▼ $116,733
Total Net Assets Fund Balance$2,510,494$2,393,761▼ $116,733
Total Liabilities and Net Assets / Fund Balance$2,510,494$2,394,383▼ $116,111

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,197,242$3,913,222$5,110,464
Equipment-$41,845$41,845
Other Land Buildings-$627$627
Compensation and Service Providers

Board Members and Trustees

NameTitle
John McgillianPresident
Bill RidgwayDirector
Brendan CarboneDirector
Bruce HubertDirector
Carter SednaouiDirector
Cindy CollinsDirector
Courtney BoyaDirector
Diane FiskeDirector
Elena BrimDirector
Joe BrockDirector
John BlondelDirector
Kathy HarrisDirector
Kevin ColemanDirector
Pb WeymouthDirector
Tom PattersonDirector
Tory VartanianDirector
Wendy HendersonDirector
Taylor BoswellTreasurer
Richard MillerVP and Secre
Revenue and Support

Revenue Composition

Contributions and Grants
$97,200
Program Service Revenue
$0
Investment Income
$22,993
Other Revenue
$0
All Other Contributions
$97,200
Change in Net Assets
$-214,937

Audited Revenue Reconciliation

Revenue per Audited Statements
$120,193
Revenue Not Reported on Form 990
$98,204
Total Revenue per Audited Statements
$218,397
Total Revenue per Form 990
$120,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,130
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$308,924--$308,924
Fees for Services Accounting-$8,992-$8,992
Insurance$8,623--$8,623
Other Expenses$1,276$275-$275
Office Expenses-$31-$31
Total Functional Expenses$325,006$10,124$0$335,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$335,130
Total Expenses per Audited Statements$335,130
Total Expenses per Form 990$335,130
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
Yes
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
No
Management duties delegated
No

Governance Explanations

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

Copy of 990 is given to board member for approval prior to filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Fishers Island Recreational Path
EIN
11-3588899
Address
PO BOX 619, FISHERS ISLAND, NY 06390

Signing Officer

Name
John Mcgillian
Title
President
Signed
2024-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Mcgillian
Formed
2002
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
Mystic Accounting Group Llp
Address
PO BOX 397, MYSTIC, CT 06355
Preparer
Nanette a Bancroft CPA
Phone
8605361040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fishers island recreational path foundation was established to oversee the construction and maintenance of a public recreational path for the entire fishers island community. By constructing the path, the foundation hopes to promote and improve the health, safety, recreation and well-being of the residents of suffolk county, new york.

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IRS990/PYTotalExpensesAmt0385017
IRS990/PYTotalRevenueAmt0174469
IRS990/ReconcilationRevenueExpnssAmt0-214937
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 259
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt097200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0156400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0460818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0661055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01418715
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022993
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07776
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt068910
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0254
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0259
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95350
IRS990ScheduleA/PublicSupportPY170Pct00.96200
IRS990ScheduleA/PublicSupportTotal170Amt01418715
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt097200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0156400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0460818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0661055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt043242
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01418715
IRS990ScheduleA/TotalSupportAmt01487884
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041845
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041845
IRS990ScheduleD/ExpensesSubtotalAmt0335130
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01197242
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03913222
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05110464
IRS990ScheduleD/NetUnrealizedGainsInvstAmt098204
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0627
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0627
IRS990ScheduleD/RevenueNotReportedAmt098204
IRS990ScheduleD/RevenueSubtotalAmt0120193
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01197242
IRS990ScheduleD/TotalExpensesPerForm990Amt0335130
IRS990ScheduleD/TotalRevenuePerForm990Amt0120193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0218397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0335130
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FISHERS ISLAND RECREATIONAL PATH FOUNDATION WAS ESTABLISHED TO OVERSEE THE CONSTRUCTION AND MAINTENANCE OF A PUBLIC RECREATIONAL PATH FOR THE ENTIRE FISHERS ISLAND COMMUNITY. BY CONSTRUCTING THE PATH, THE FOUNDATION HOPES TO PROMOTE AND IMPROVE THE HEALTH, SAFETY, RECREATION AND WELL-BEING OF THE RESIDENTS OF SUFFOLK COUNTY, NEW YORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF 990 IS GIVEN TO BOARD MEMBER FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02510494
IRS990/TotalAssetsEOYAmt02394383
IRS990/TotalAssetsGrp/BOYAmt02510494
IRS990/TotalAssetsGrp/EOYAmt02394383
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt097200
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010124
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325006
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335130
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0622
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0622
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02510494
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02393761
IRS990/TotalProgramServiceExpensesAmt0325006
IRS990/TotalRevenueGrp/ExclusionAmt022993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120193
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02510494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02394383
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 619
IRS990/USAddress/CityNm0FISHERS ISLAND
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd006390
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN MCGILLIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FISHERS ISLAND RECREATIONAL PATH
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FISH
ReturnHeader/Filer/EIN0113588899
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 619
ReturnHeader/Filer/USAddress/CityNm0FISHERS ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd006390
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472604526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MYSTIC ACCOUNTING GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 397
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYSTIC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006355
ReturnHeader/PreparerPersonGrp/PhoneNum08605361040
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANETTE A BANCROFT CPA
ReturnHeader/ReturnTs02024-11-20T11:22:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01

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.$2.39$0.00$2.39$0.43$0.36$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.12$0.34$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.00$2.51$0.17$0.39$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.00$2.89$0.47$0.34$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.00$2.74$0.66$0.42$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.05$0.35$0.30
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.00$2.75$0.04$0.35$0.31
2016Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$0.07$0.38$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$0.07$0.36$0.29
2014Detailed filing. Detailed filing data is available for this year.$3.94$0.00$0.07$0.35$0.27
2013Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.33$0.31$0.01
2012Summary only. Only limited summary data is available for this year.$4.20$0.00$0.96$0.27$0.70
2011Summary only. Only limited summary data is available for this year.$3.50$0.00$0.15$0.26$0.11