Civic Intelligence

Inlet Area Business Association

EIN 16-1614341 • 501(c)6 • Inlet, NY

Profile

Improve the Town of Inlet economy via publicity

PO Box 231Inlet, NY 13360

groupspaces.com/IABA

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Source year 2024

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE S41 • <$500k nonprofits • Source year 2024

Asset Growth

79th percentile

29%

Faster asset growth than 79% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-9.0%

Faster revenue growth than 36% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$151,378

Up $34,368 (+29%) from 2023

Liabilities

Down

$1,000

Down $100 (-9.1%) from 2023

Net Assets

Up

$150,378

Up $34,468 (+30%) from 2023

Revenue

Down

$52,036

Down $5,130 (-9.0%) from 2023

Expenses

Up

$17,568

Up $2,976 (+20%) from 2023

Net Income

Down

$34,468

Down $8,106 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2018: $87,552Liabilities 2018: $0Net Assets 2018: $87,5522018Assets 2019: $98,236Liabilities 2019: $1,597Net Assets 2019: $96,6392019Assets 2020: $83,162Liabilities 2020: $19,690Net Assets 2020: $63,0222020Assets 2021: $117,341Liabilities 2021: $50,408Net Assets 2021: $66,9332021Assets 2022: $74,686Liabilities 2022: $1,350Net Assets 2022: $73,3362022Assets 2023: $117,010Liabilities 2023: $1,100Net Assets 2023: $115,9102023Assets 2024: $151,378Liabilities 2024: $1,000Net Assets 2024: $150,3782024

Highlighted filing

2024

Assets$151,378
Liabilities$1,000
Net Assets$150,378

Operations Trend

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

$100K$50K$0-$50KRevenue 2018: $23,378Expenses 2018: $13,171Net Income 2018: $10,2072018Revenue 2019: $33,835Expenses 2019: $24,751Net Income 2019: $9,0842019Revenue 2020: $3,282Expenses 2020: $36,899Net Income 2020: -$33,6172020Revenue 2021: $7,611Expenses 2021: $4,150Net Income 2021: $3,4612021Revenue 2022: $28,436Expenses 2022: $21,925Net Income 2022: $6,5112022Revenue 2023: $57,166Expenses 2023: $14,592Net Income 2023: $42,5742023Revenue 2024: $52,036Expenses 2024: $17,568Net Income 2024: $34,4682024

Highlighted filing

2024

Revenue$52,036
Expenses$17,568
Net Income$34,468

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$132,617
Mission and Program Overview

Mission

To promote the Town of Inlet and the surrounding area

The purpose of the IABA i sto help improve the business

Program Services

DescriptionGrantsExpenses
Community Pride Day - Cleaning up the roadway banks and gutters.-$5,534
Champagne bus provided on New Years Eve to shuttle patrons between local establishments.-$1,400
Frozen Fire & Lights includes a bonfire, hot dogs, donoughts, and hot chocolate for residents and guests in the Town of Inlet during fireworks over the snow.-$693
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID SCRANTONChairman-$0--
JANE SLACKTreasurer-$0--
LYNN DURKINVice Chairman-$0--
ADELE MURDOCK BURNETTInlet InformationPT$0--
CONNIE PERRYAt Large-$0--
HOLLY KOEPPESecretary-$0--
JANET CARDELLAMembership-$0--
SHARON MILLERMembership-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Black Fly Challenge$115,633$115,633$63,242$52,391
Community Pride Day$6,470$6,470$5,534$936
Total Events$122,103$122,103$93,852$28,251
Political and Lobbying Activity
In-house lobbying only
No
Filing and Contact Details

Filer

Filer Name
Inlet Area Business Association
EIN
16-1614341
In Care Of
% David Scranton
Phone
3153575501
Address
PO Box 231, Inlet, NY 13360

Signing Officer

Name
David Scranton
Title
President
Phone
3153575501
Signed
2025-11-16
Discuss with paid preparer
Yes

Preparer

Firm
VerDack Corp Inc
Address
PO Box 1155, Old Forge, NY 13420
Preparer
Sharon E M Evans
Phone
3153693344
Supplemental Narrative

Additional Explanations

Part I Line 10

Grants and other assistance to domestic organizations and governments $6432.00

Part I Line 10

Grants and other assistance to domestic individuals $1000.00

Part I Line 16

Advertising and promotion $4145.00

Part I Line 16

Other office expenses $40.00

Part I Line 16

Insurance $2732.00

Part I Line 16

Bank Service Charges $588.00

Part I Line 16

Dues & Subscriptions $250.00

Part I Line 16

Lisences and Permits $67.00

Part I Line 13

Champagne Bus $1400.00

Part II Line 24

Inventories for sale or use. Beginning:$5051.00 Ending: $3788.00

Part II Line 26

Grants payable. Beginning:$1000.00 Ending: $1000.00

Part II Line 26

Deferred revenue. Beginning:$100.00 Ending: $0.00

Raw XML Appendix195 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Inlet Area Business Association
IRS990EZ/BooksInCareOfDetail/PhoneNum03153575501
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 231
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Inlet
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd013360
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0111959
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0147590
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt03360
IRS990EZ/CostOfGoodsSoldAmt0159
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt034468
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01400
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0117010
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0151378
IRS990EZ/FundraisingGrossIncomeAmt0122103
IRS990EZ/GrantsAndSimilarAmountsPaidAmt07432
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0135
IRS990EZ/GrossReceiptsAmt0132617
IRS990EZ/GrossSalesOfInventoryAmt0294
IRS990EZ/InvestmentIncomeAmt0910
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt05950
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0115910
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0150378
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0115910
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0150378
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt320.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID SCRANTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JANE SLACK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LYNN DURKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ADELE MURDOCK BURNETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CONNIE PERRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5HOLLY KOEPPE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JANET CARDELLA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7SHARON MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Inlet Information
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4At Large
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Membership
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Membership
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05051
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03788
IRS990EZ/OtherExpensesTotalAmt07822
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The purpose of the IABA i sto help improve the business
IRS990EZ/PrintingPublicationsPostageAmt0914
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Community Pride Day - Cleaning up the roadway banks and gutters.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Champagne bus provided on New Years Eve to shuttle patrons between local establishments.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Frozen Fire & Lights includes a bonfire, hot dogs, donoughts, and hot chocolate for residents and guests in the Town of Inlet during fireworks over the snow.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05534
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt11400
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2693
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt080422
IRS990EZ/SpecialEventsNetIncomeLossAmt041681
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0true
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01100
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt017568
IRS990EZ/TotalProgramServiceExpensesAmt07627
IRS990EZ/TotalRevenueAmt052036
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0groupspaces.com/IABA
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt07850
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt07850
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt093852
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Black Fly Challenge
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Community Pride Day
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013407
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013407
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0115633
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0122103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0115633
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0122103
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028251
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02459
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02459
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt068776
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt063242
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05534
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0860
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0860
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grants and other assistance to domestic organizations and governments $6432.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Grants and other assistance to domestic individuals $1000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising and promotion $4145.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other office expenses $40.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $2732.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Service Charges $588.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Dues & Subscriptions $250.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Lisences and Permits $67.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Champagne Bus $1400.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Inventories for sale or use. Beginning:$5051.00 Ending: $3788.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Grants payable. Beginning:$1000.00 Ending: $1000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Deferred revenue. Beginning:$100.00 Ending: $0.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part II Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part II Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part II Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SCRANTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03153575501
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Inlet Area Business Association
ReturnHeader/Filer/BusinessNameControlTxt0INLE
ReturnHeader/Filer/EIN0161614341
ReturnHeader/Filer/InCareOfNm0% David Scranton
ReturnHeader/Filer/PhoneNum03153575501
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 231
ReturnHeader/Filer/USAddress/CityNm0Inlet
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013360
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208754181
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VerDack Corp Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1155
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Old Forge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013420
ReturnHeader/PreparerPersonGrp/PhoneNum03153693344
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON E M EVANS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-16T17:22:06-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.