Civic Intelligence

Radio Island Marina Club Inc

EIN 20-5727782 • 501(c)7 • Morehead City, NC

Profile

The organization's primary mission is to provide its members with boat storage, club house facilities,recreation activities and to assist them with embarking and and disembarking their boats to and from the water from dry stack slips.

PO Box 97Morehead City, NC 28557

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.38x

Higher debt load relative to assets than 77% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.24x

Higher debt load relative to revenue than 91% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

NTEE N • $1M-$5M nonprofits • Source year 2024

Asset Growth

61st percentile

7.1%

Faster asset growth than 61% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,571,178

Up $170,682 (+7.1%) from 2023

Liabilities

Up

$977,466

Up $49,844 (+5.4%) from 2023

Net Assets

Up

$1,593,712

Up $120,838 (+8.2%) from 2023

Revenue

Up

$785,775

Up $75,988 (+11%) from 2023

Expenses

Up

$664,937

Up $84,530 (+15%) from 2023

Net Income

Down

$120,838

Down $8,542 (-6.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,932,660Liabilities 2011: $190,845Net Assets 2011: $2,741,8152011Assets 2012: $2,851,818Liabilities 2012: $235,520Net Assets 2012: $2,616,2982012Assets 2013: $2,699,330Liabilities 2013: $238,081Net Assets 2013: $2,461,2492013Assets 2014: $2,590,251Liabilities 2014: $268,868Net Assets 2014: $2,321,3832014Assets 2015: $2,491,316Liabilities 2015: $273,781Net Assets 2015: $2,217,5352015Assets 2016: $2,370,364Liabilities 2016: $278,268Net Assets 2016: $2,092,0962016Assets 2017: $2,239,416Liabilities 2017: $285,005Net Assets 2017: $1,954,4112017Assets 2018: $2,201,993Liabilities 2018: $403,648Net Assets 2018: $1,798,3452018Assets 2019: $1,980,364Liabilities 2019: $357,455Net Assets 2019: $1,622,9092019Assets 2020: $1,884,943Liabilities 2020: $374,955Net Assets 2020: $1,509,9882020Assets 2021: $1,795,869Liabilities 2021: $386,655Net Assets 2021: $1,409,2142021Assets 2022: $1,989,370Liabilities 2022: $645,876Net Assets 2022: $1,343,4942022Assets 2023: $2,400,496Liabilities 2023: $927,622Net Assets 2023: $1,472,8742023Assets 2024: $2,571,178Liabilities 2024: $977,466Net Assets 2024: $1,593,7122024

Highlighted filing

2024

Assets$2,571,178
Liabilities$977,466
Net Assets$1,593,712

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $310,601Expenses 2011: $421,128Net Income 2011: -$110,5272011Expenses 2012: $438,1392012Revenue 2013: $311,493Expenses 2013: $466,542Net Income 2013: -$155,0492013Revenue 2014: $315,215Expenses 2014: $455,081Net Income 2014: -$139,8662014Revenue 2015: $364,361Expenses 2015: $468,209Net Income 2015: -$103,8482015Revenue 2016: $365,147Expenses 2016: $490,586Net Income 2016: -$125,4392016Revenue 2017: $370,531Expenses 2017: $508,216Net Income 2017: -$137,6852017Revenue 2018: $361,989Expenses 2018: $518,055Net Income 2018: -$156,0662018Revenue 2019: $426,884Expenses 2019: $602,320Net Income 2019: -$175,4362019Revenue 2020: $428,146Expenses 2020: $541,067Net Income 2020: -$112,9212020Revenue 2021: $477,258Expenses 2021: $578,032Net Income 2021: -$100,7742021Revenue 2022: $484,167Expenses 2022: $549,887Net Income 2022: -$65,7202022Revenue 2023: $709,787Expenses 2023: $580,407Net Income 2023: $129,3802023Revenue 2024: $785,775Expenses 2024: $664,937Net Income 2024: $120,8382024

Highlighted filing

2024

Revenue$785,775
Expenses$664,937
Net Income$120,838

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.98$1.59$0.79$0.66$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.93$1.47$0.71$0.58$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.65$1.34$0.48$0.55$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.39$1.41$0.48$0.58$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.37$1.51$0.43$0.54$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.36$1.62$0.43$0.60$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.20$0.40$1.80$0.36$0.52$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.29$1.95$0.37$0.51$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.37$0.28$2.09$0.37$0.49$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.49$0.27$2.22$0.36$0.47$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.59$0.27$2.32$0.32$0.46$0.14
2013Detailed filing. Detailed filing data is available for this year.$2.70$0.24$2.46$0.31$0.47$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.24$2.62$0.44
2011Summary only. Only limited summary data is available for this year.$2.93$0.19$2.74$0.31$0.42$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 22, 2025
Return Version
2024v5.2
Gross Receipts
$785,775
Mission and Program Overview

Mission

The organization's primary mission is to provide its members with boat storage, club house facilities,recreation activities and to assist them with embarking and and disembarking their boats to and from the water from dry stack slips.

The organization's primary mission is to provide its members with boat storage, club house facilities, recreation activities, and to assist them with embarking and disembarking their boats to and from the water from dry stack slips.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$3,403,189$3,403,189→ $0
Land, Buildings, and Equipment, Net$1,548,077$1,544,363▼ $3,714
Cash and Non-Interest-Bearing Accounts$242,635$491,176▲ $248,541
Accounts Receivable$385,644$392,592▲ $6,948
Savings and Temporary Cash Investments$221,787$139,725▼ $82,062
Prepaid Expenses and Deferred Charges-$1,712-
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,930,315$-1,809,477▲ $120,838
Total Assets$2,400,496$2,571,178▲ $170,682
Other Assets Total$2,353$1,610▼ $743
Liabilities
Other Liabilities$913,258$975,350▲ $62,092
Accounts Payable and Accrued Expenses$14,364$2,116▼ $12,248
Total Liabilities$927,622$977,466▲ $49,844
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,472,874$1,593,712▲ $120,838
Total Liabilities and Net Assets / Fund Balance$2,400,496$2,571,178▲ $170,682

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$778,228$1,215,132$1,993,360
Other Land Buildings$47,663$768,639$816,302
Land$698,808-$698,808
Equipment$0$499,894$499,894
Leasehold Improvements$19,664$49,409$69,073
Compensation and Service Providers

Board Members and Trustees

NameTitle
William NewbernPresident
David CarpenterDirector
David HillDirector
Hardin SigmonDirector
James BrannockDirector
Tim HarringtonDirector
Tommy BennettDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$748,200
Investment Income
$18,487
Other Revenue
$19,088
Change in Net Assets
$120,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,228
Salaries, Compensation, and Employee Benefits$277,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,513--$238,513
Insurance$108,454--$108,454
Occupancy$71,896--$71,896
Depreciation Depletion$35,954--$35,954
Other Employee Benefits$20,222--$20,222
Payroll Taxes$18,974--$18,974
Interest$10,094--$10,094
All Other Expenses$8,619--$8,619
Office Expenses-$6,061-$6,061
Other Expenses$6,456$5,024-$5,024
Fees for Services Accounting-$3,548-$3,548
Fees for Services Other$1,546--$1,546
Total Functional Expenses$650,304$14,633$0$664,937
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
Prepaid Dues, Bim$358,455
Prepaid Association Dues$324,800
N/p Blueharbor Bank$243,586
Property Taxes$48,509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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, Part VI, Section A, Line 6

Individuals owning slips in the radio island marina club, inc. Are members of the organization.

Form 990, Part VI, Section A, Line 7A

All members of the radio island marina club, inc have voting rights regarding election of members of the governing body.

Form 990, Part VI, Section A, Line 7B

Some, but not all, of the decisions of the governing body are subject to approval by the members.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is provided to the board of directors by mail. After their review the 990 including all financial documentation is approved and filed.

Form 990, Part VI, Section C, Line 19

The radio island marina club inc's governing documents and the annual 990 are available to the public at reasonable times during office hours.

Filing and Contact Details

Filer

Filer Name
Radio Island Marina Club Inc
EIN
20-5727782
Phone
2522477580
Address
PO BOX 97, MOREHEAD CITY, NC 28557

Signing Officer

Name
William Newbern
Title
President
Phone
2527252143
Signed
2025-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Newbern
Formed
2006
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
0

Preparer

Firm
Pbmares Llp
Address
3621 JOHN PLATT DRIVE, MOREHEAD CITY, NC 28557
Preparer
Andrew M Brothers CPA
Phone
2527260551
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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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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02118
IRS990/PYOtherExpensesAmt0328378
IRS990/PYOtherRevenueAmt021889
IRS990/PYProgramServiceRevenueAmt0685780
IRS990/PYRevenuesLessExpensesAmt0129380
IRS990/PYSalariesCompEmpBnftPaidAmt0252029
IRS990/PYTotalExpensesAmt0580407
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0709787
IRS990/ReconcilationRevenueExpnssAmt0120838
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0751433
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1930315
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1809477
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0221787
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0139725
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0778228
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01215132
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01993360
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0499894
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0499894
IRS990ScheduleD/LandGrp/BookValueAmt0698808
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0698808
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019664
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049409
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069073
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0768639
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0816302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0324800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1358455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2243586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt348509
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID ASSOCIATION DUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID DUES, BIM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2N/P BLUEHARBOR BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PROPERTY TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01544363
IRS990ScheduleD/TotalLiabilityAmt0975350
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BEAUFORT INLET MARINA INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0THE TWO ENTITIES HAVE THE SAME PRESIDENT OF THE BOARD.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RADIO ISLAND MARINA CLUB INC REIMBURSES BEAUFORT INLET MARINA INC. EXPENSES.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIVIDUALS OWNING SLIPS IN THE RADIO ISLAND MARINA CLUB, INC. ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE RADIO ISLAND MARINA CLUB, INC HAVE VOTING RIGHTS REGARDING ELECTION OF MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME, BUT NOT ALL, OF THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS BY MAIL. AFTER THEIR REVIEW THE 990 INCLUDING ALL FINANCIAL DOCUMENTATION IS APPROVED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RADIO ISLAND MARINA CLUB INC'S GOVERNING DOCUMENTS AND THE ANNUAL 990 ARE AVAILABLE TO THE PUBLIC AT REASONABLE TIMES DURING OFFICE HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02400496
IRS990/TotalAssetsEOYAmt02571178
IRS990/TotalAssetsGrp/BOYAmt02400496
IRS990/TotalAssetsGrp/EOYAmt02571178
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014633
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0650304
IRS990/TotalFunctionalExpensesGrp/TotalAmt0664937
IRS990/TotalGrossUBIAmt034342
IRS990/TotalLiabilitiesBOYAmt0927622
IRS990/TotalLiabilitiesEOYAmt0977466
IRS990/TotalLiabilitiesGrp/BOYAmt0927622
IRS990/TotalLiabilitiesGrp/EOYAmt0977466
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01472874
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01593712
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0650304
IRS990/TotalProgramServiceRevenueAmt0748200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0751433
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0785775
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt034342
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02400496
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02571178
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/USAddress/AddressLine1Txt0PO BOX 97
IRS990/USAddress/CityNm0MOREHEAD CITY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028557
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM NEWBERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02527252143
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RADIO ISLAND MARINA CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0RADI
ReturnHeader/Filer/EIN0205727782
ReturnHeader/Filer/PhoneNum02522477580
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 97
ReturnHeader/Filer/USAddress/CityNm0MOREHEAD CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028557
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540737372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PBMARES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03621 JOHN PLATT DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOREHEAD CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028557
ReturnHeader/PreparerPersonGrp/PhoneNum02527260551
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW M BROTHERS CPA
ReturnHeader/ReturnTs02025-08-28T09:18:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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