Civic Intelligence

351 Main Street Amagansett Inc

EIN 11-3622572 • 501(c)2 • Amagansett, NY

990-N CoverageNTEE S47

Profile

Holding company for real estate purchased by devon yacht club, inc.

300 Abrahams Landing RdAmagansett, NY 11930-2549

www.devonyc.com

Siviq Scores

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

Liabilities / Assets

98th percentile

4.15x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-4.1%

Faster asset growth than 41% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$419,914

Down $17,833 (-4.1%) from 2021

Liabilities

Up

$1,744,079

Up $44,606 (+2.6%) from 2021

Net Assets

Down

-$1,324,165

Down $62,439 (-4.9%) from 2021

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$62,439

Up $48,495 (+348%) from 2021

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2021: $437,747Liabilities 2021: $1,699,473Net Assets 2021: -$1,261,7262021Assets 2022: $419,914Liabilities 2022: $1,744,079Net Assets 2022: -$1,324,1652022

Highlighted filing

2022

Assets$419,914
Liabilities$1,744,079
Net Assets-$1,324,165
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0Expenses 2021: $13,9442021Expenses 2022: $62,4392022

Highlighted filing

2022

Revenue-
Expenses$62,439
Net Income-
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$419,914
Liabilities
$1,744,079
Net assets
-$1,324,165
Revenue
-
Expenses
$62,439
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.42$1.74$1.32$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.44$1.70$1.26$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 12, 2024
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Holding company for real estate purchased by devon yacht club, inc.

Program Services

DescriptionGrantsExpenses
HOLDING COMPANY FOR REAL ESTATE PURCHASED BY DEVON YACHT CLUB, INC.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID SULLIVANPresident-$0--
LOUISE COLLINSVice President-$0--
GEOFFREY GRANTVice President-$0--
PATRICK COLEMANTreasurer-$0--
SETH HENDONSecretary-$0--
PATRICIA HOLLMANNAssist. Treasurer And Secretary-$0--
Filing and Contact Details

Filer

Filer Name
351 Main Street Amagansett Inc
EIN
11-3622572
Phone
6312676340
Address
300 ABRAHAMS LANDING RD, AMAGANSETT, NY 11930-2549

Signing Officer

Name
David Sullivan
Title
President
Phone
6312676340
Signed
2024-03-12
Discuss with paid preparer
Yes

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: landscaping. Amount: 2,938. Description: miscellaneous. Amount: 545. Description: real estate taxes. Amount: 6,342. Description: insurance. Amount: 8,700. Description: depreciation. Amount: 22,894. Total to form 990-ez, line 16: 41,419.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 550. End of year amount: 1,556. Description: due to devon yacht club. Beg. Of year amount: 1,698,923. End of year amount: 1,742,523.”

Raw XML Appendix123 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum06312676340
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0AMAGANSETT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt0-62439
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0419914
IRS990EZ/GrossReceiptsAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LOUISE COLLINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GEOFFREY GRANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PATRICK COLEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SETH HENDON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PATRICIA HOLLMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5ASSIST. TREASURER AND SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt041419
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0HOLDING COMPANY FOR REAL ESTATE PURCHASED BY DEVON YACHT CLUB, INC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HOLDING COMPANY FOR REAL ESTATE PURCHASED BY DEVON YACHT CLUB, INC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01744079
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt062439
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.DEVONYC.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LANDSCAPING. AMOUNT: 2,938. DESCRIPTION: MISCELLANEOUS. AMOUNT: 545. DESCRIPTION: REAL ESTATE TAXES. AMOUNT: 6,342. DESCRIPTION: INSURANCE. AMOUNT: 8,700. DESCRIPTION: DEPRECIATION. AMOUNT: 22,894. TOTAL TO FORM 990-EZ, LINE 16: 41,419.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 550. END OF YEAR AMOUNT: 1,556. DESCRIPTION: DUE TO DEVON YACHT CLUB. BEG. OF YEAR AMOUNT: 1,698,923. END OF YEAR AMOUNT: 1,742,523.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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