Civic Intelligence

Graybeards Ltd.

990 • Fiscal year 2012 • EIN 11-3635931

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 02, 2013

129-04 Newport Avenue11694
Siviq Scores

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Balance Sheet

Assets

Flat

$879,156

Flat from 2012

Net Assets

Flat

$861,215

Flat from 2012

Liabilities

Flat

$17,941

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$719,792

Down $360 (-0.0%) from 2012

Net Income

-

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.

$1.0M$500K$0Assets 2010: $248,544Liabilities 2010: $41,886Net Assets 2010: $206,6582010Assets 2011: $231,023Liabilities 2011: $10,413Net Assets 2011: $220,6102011Assets 2012: $879,156Liabilities 2012: $17,941Net Assets 2012: $861,2152012Assets 2012: $879,156Liabilities 2012: $17,941Net Assets 2012: $861,2152012Assets 2013: $537,730Liabilities 2013: $151Net Assets 2013: $537,5792013Assets 2014: $360,320Liabilities 2014: $16,100Net Assets 2014: $344,2202014Assets 2016: $130,426Liabilities 2016: $19,251Net Assets 2016: $111,1752016Assets 2017: $127,057Liabilities 2017: $21,760Net Assets 2017: $105,2972017Assets 2018: $164,017Liabilities 2018: $21,760Net Assets 2018: $142,2572018Assets 2019: $242,916Liabilities 2019: $21,760Net Assets 2019: $221,1562019Assets 2020: $242,981Liabilities 2020: $0Net Assets 2020: $242,9812020Assets 2021: $260,498Liabilities 2021: $0Net Assets 2021: $260,4982021Assets 2022: $522,016Liabilities 2022: $3,691Net Assets 2022: $518,3252022Assets 2023: $452,315Liabilities 2023: $0Net Assets 2023: $452,3152023

Highlighted filing

2012

Assets$879,156
Liabilities$17,941
Net Assets$861,215

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $90,0542010Expenses 2011: $186,7092011Expenses 2012: $719,7922012Expenses 2012: $720,1522012Revenue 2013: $796,728Expenses 2013: $1,120,364Net Income 2013: -$323,6362013Revenue 2014: $351,532Expenses 2014: $544,891Net Income 2014: -$193,3592014Revenue 2016: $205,632Expenses 2016: $214,212Net Income 2016: -$8,5802016Revenue 2017: $255,234Expenses 2017: $261,112Net Income 2017: -$5,8782017Revenue 2018: $341,101Expenses 2018: $304,141Net Income 2018: $36,9602018Revenue 2019: $402,135Expenses 2019: $323,236Net Income 2019: $78,8992019Revenue 2020: $388,992Expenses 2020: $426,609Net Income 2020: -$37,6172020Revenue 2021: $415,474Expenses 2021: $397,957Net Income 2021: $17,5172021Revenue 2022: $697,889Expenses 2022: $505,286Net Income 2022: $192,6032022Revenue 2023: $629,217Expenses 2023: $695,227Net Income 2023: -$66,0102023

Highlighted filing

2012

Revenue-
Expenses$719,792
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 2, 2013
Return Version
2012v2.1
Gross Receipts
$1,436,522
Mission and Program Overview

Mission

In the aftermath of the worst act of terriorism committed against the united states of america, september 11, 2001 and the devastating crash of american airlines flight #587, a group of men from rockaway beach recognized the positive impact they could offer the community as a diversified group. In that spirit, graybeards has been dedicated to enhance the lives of others, promote friendship and fellowship among its members, hold meetings and have social gatherings to promote an interest in the community, help those in the community in their time of need, to promote the development/education of the youth of the community and promote a deeper appreciation of patriotism in the community.

Filing and Contact Details

Filer

EIN
11-3635931
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IRS990/ActivityOrMissionDescription0GRAYBEARDS' PROGRAMS ARE HELPFUL IN ESTABLISHING FRIENDSHIPS ON A FIRMER AND LONG LASTING BASIS IN THE AFTERMATH OF THE WORST ACT OF TERRORISM COMMITED AGAINST THE UNITED STATES OF AMERICA ON SEPTEMBER 11, 2001 AND THE DEVASTATING CRASH OF AMERICAN AIRLINES FLIGHT #587. OUR PROGRAMS FOSTER THE GOOD AND WELFARE OF THE COMMUNITY AS WELL AS CARE FOR THOSE IN THE COMMUNITY IN THEIR TIME OF NEED. THIS YEAR, WE ACHIEVED OUR MISSION BY HAVING SEVERAL SOCIAL EVENTS AIMED AT IMPROVING RELATIONSHIPS AND FOR THE PURPOSE OF FUND-RAISING FOR SPECIFIC COMMUNITY RELATED CAUSES.
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IRS990/MissionDescription0IN THE AFTERMATH OF THE WORST ACT OF TERRIORISM COMMITTED AGAINST THE UNITED STATES OF AMERICA, SEPTEMBER 11, 2001 AND THE DEVASTATING CRASH OF AMERICAN AIRLINES FLIGHT #587, A GROUP OF MEN FROM ROCKAWAY BEACH RECOGNIZED THE POSITIVE IMPACT THEY COULD OFFER THE COMMUNITY AS A DIVERSIFIED GROUP. IN THAT SPIRIT, GRAYBEARDS HAS BEEN DEDICATED TO ENHANCE THE LIVES OF OTHERS, PROMOTE FRIENDSHIP AND FELLOWSHIP AMONG ITS MEMBERS, HOLD MEETINGS AND HAVE SOCIAL GATHERINGS TO PROMOTE AN INTEREST IN THE COMMUNITY, HELP THOSE IN THE COMMUNITY IN THEIR TIME OF NEED, TO PROMOTE THE DEVELOPMENT/EDUCATION OF THE YOUTH OF THE COMMUNITY AND PROMOTE A DEEPER APPRECIATION OF PATRIOTISM IN THE COMMUNITY.
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IRS990ScheduleO/GeneralExplanation/Explanation0UPON RECEIPT OF THE FINAL COMPLETED DRAFT OF THE FORM 990, THE FORM 990 HARD COPY IS SENT TO BOARD MEMBERS VIA CERTIFIED MAIL FOR REVIEW BEFORE IT IS FILED. THE BOARD PRESIDENT ASKS FOR A MOTION TO APPROVE AND ACCEPT THE FORM 990 FOR THE CORRESPONDING FISCAL YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation1(I)INTERESTED PARTY TRANSACTIONS: NO DIRECTOR OR OFFICER OF THE ORGANIZATION SHALL HAVE ANY CONFLICTING INTEREST IN ANY TRANSACTION TO WHICH GRAYBEARDS LTD. IS A PARTY, AND GRAYBEARDS LTD. SHALL NOT APPROVE ANY TRANSACTION IN WHICH ANY DIRECTOR OR OFFICER HAS A CONFLICTING INTEREST, UNLESS THE BOARD (I) HAS BEEN MADE AWARE OF (A) THE EXISTENCE AND NATURE OF THE CONFLICTING INTEREST AND (B) ALL FACTS KNOWN TO SUCH CONFLICTED DIRECTOR OR OFFICER RESPECTING THE SUBJECT MATTER OF THE TRANSACTION THAT AN ORDINARILY PRUDENT PERSON WOULD REASONABLY BELIEVE TO BE MATERIAL TO A JUDGMENT ABOUT WHETHER OR NOT TO PROCEED WITH THE TRANSACTION AND (II) HAS APPROVED THE TRANSACTION BY A MAJORITY VOTE, EXCLUDING THE VOTE OF ANY DIRECTOR HAVING A CONFLICTING INTEREST AND OF ANY DIRECTOR WHO HAS A FAMILIAL, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP WITH ANY DIRECTOR OR OFFICER WHO HAS A CONFLICTING INTEREST RESPECTING THE TRANSACTION. THE MINUTES OF THE MEETING SHALL REFLECT COMPLIANCE WITH THE FOREGOING PROVISIONS. DIRECTORS AND OFFICERS SHALL AVOID ANY CONFLICTING INTERESTS BETWEEN THEMSELVES, ON THE ONE HAND, AND GRAYBEARDS LTD.. ON THE OTHER. ANY SITUATION THAT INVOLVES, OR MAY REASONABLY BE INFERRED TO INVOLVE, A CONFLICTING INTERESTS WITH RESPECT GRAYBEARDS LTD. SHALL BE PROMPTLY DISCLOSED TO THE PRESIDENT AND THE BOARD ON AN AD HOC BASIS AS THE SITUATION ARISES. FOR PURPOSES HEREOF, A "CONFLICTING INTEREST" WITH RESPECT TO A TRANSACTION TO WHICH GRAYBEARDS LTD. IS A PARTY SHALL MEAN THAT A DIRECTOR OR OFFICER IS A PARTY TO THE TRANSACTION OR HAS A BENEFICIAL FINANCIAL INTEREST IN OR CLOSELY LINKED TO THE TRANSACTION. (II)ALL DIRECTORS AND OFFICERS, AS WELL AS ANY OTHER STAFF PERSON REQUESTED TO DO SO BY THE PRESIDENT, SHALL HAVE AN OBLIGATION TO DISCLOSE TO THE BOARD OF DIRECTORS ANY TRANSACTION, POTENTIAL TRANSACTION OR CIRCUMSTANCE IN WHICH SUCH PERSON HAS OR COULD HAVE A CONFLICTING INTEREST AS DEFINED ABOVE IN SECTION (I); (III)IN ORDER TO FACILITATE SUCH DISCLOSURE, GRAYBEARDS LTD. SHALL DISTRIBUTE ANNUALLY TO ALL, DIRECTORS, OFFICERS AND. SUCH STAFF A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST, AND ALL DIRECTORS, OFFICERS AND SUCH STAFF SHALL PROMPTLY COMPLETE AND RETURN THE SAME; (IV)IN ADDITION TO COMPLETING SUCH QUESTIONNAIRE, ALL DIRECTORS AND OFFICERS AND SUCH OTHER STAFF SHALL HAVE AN AFFIRMATIVE DUTY TO BRING TO THE ATTENTION OF THE BOARD OF DIRECTORS ANY OTHER TRANSACTION, POTENTIAL TRANSACTION OR CIRCUMSTANCE IN WHICH SUCH PERSON BELIEVES HE OR SHE MAY HAVE A CONFLICTING INTEREST OR COULD REASONABLY BE PERCEIVED BY OTHERS TO HAVE A CONFLICTING INTEREST; AND (V)THE PRESIDENT SHALL DESIGNATE SUCH MEMBERS OF THE BOARD OR STAFF AS HE SHALL DETERMINE TO REVIEW THE FACTS AND CIRCUMSTANCES CONCERNING ANY TRANSACTION, POTENTIAL TRANSACTION OR CIRCUMSTANCE IN WHICH A DIRECTOR, OFFICER OR OTHER STAFF MEMBER HAS OR COULD HAVE A CONFLICTING INTEREST AND TO RECOMMEND TO THE PRESIDENT ANY APPROPRIATE ACTION.
IRS990ScheduleO/GeneralExplanation/Explanation2GRAYBEARDS MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990 AS WELL AS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 129-04 NEWPORT AVENUE, BELLE HARBOR, NY 11694 OR BY CALLING THE ORGANIZATION DIRECTLY AT (718) 634-6812. CURRENTLY, GRAYBEARDS DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY IN PLACE, HOWEVER THE BOARD OF DIRECTORS IS WORKING ON HAVING THIS POLICY IN PLACE BY NEXT FISCAL YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation3THIS RETURN HAS BEEN AMENDED BECAUSE POLICIES HAVE BEEN PUT IN PLACE FOR THE YEAR ENDING 12/31/12
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990 PAGE 1, PART B, AMENDED RETURN
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IRS990/UponRequest0X
IRS990/WebSite0WWW.GRAYBEARDS.COM
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IRS990/YearFormation02001
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0113635931
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ReturnHeader/Filer/Phone07186346812

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.63$0.70$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.70$0.51$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.42$0.40$0.02
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.24$0.00$0.24$0.39$0.43$0.04
2019Summary only. Only limited summary data is available for this year.$0.24$0.02$0.22$0.40$0.32$0.08
2018Summary only. Only limited summary data is available for this year.$0.16$0.02$0.14$0.34$0.30$0.04
2017Summary only. Only limited summary data is available for this year.$0.13$0.02$0.11$0.26$0.26$0.01
2016Summary only. Only limited summary data is available for this year.$0.13$0.02$0.11$0.21$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.35$0.54$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.80$1.12$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.02$0.86$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.02$0.86$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.01$0.22$0.19
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.04$0.21$0.09