Civic Intelligence

Fayson Lakes Association

990 • Fiscal year 2022 • EIN 22-1468840

Mar 01, 2021 to Feb 28, 2022 • Filed on May 25, 2022

Organization ProfileN/A
10 Clubhouse TrailKinnelon, NJ 07405

(973) 838-2043

Siviq Scores

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

Liabilities / Assets

75th percentile

0.48x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

1.09x

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

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Net Margin

83rd percentile

24%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$24,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Asset Growth

10th percentile

-8.1%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

11%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Flat

$1,203,398

Flat from 2022

Net Assets

Flat

$628,822

Flat from 2022

Liabilities

Flat

$574,576

Flat from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin83rd percentile

Revenue

Flat

$529,468

Flat from 2022

Expenses

Flat

$403,504

Flat from 2022

Net Income

Flat

$125,964

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $1,347,832Liabilities 2012: $0Net Assets 2012: $1,347,8322012Assets 2013: $1,383,284Liabilities 2013: $0Net Assets 2013: $1,383,2842013Assets 2014: $1,413,075Liabilities 2014: $0Net Assets 2014: $1,413,0752014Assets 2015: $1,418,901Liabilities 2015: $1,210,666Net Assets 2015: $208,2352015Assets 2016: $1,455,355Liabilities 2016: $1,125,941Net Assets 2016: $329,4142016Assets 2017: $1,457,284Liabilities 2017: $1,036,781Net Assets 2017: $420,5032017Assets 2018: $1,288,715Liabilities 2018: $947,367Net Assets 2018: $341,3482018Assets 2019: $1,157,343Liabilities 2019: $855,532Net Assets 2019: $301,8112019Assets 2020: $1,183,773Liabilities 2020: $763,956Net Assets 2020: $419,8172020Assets 2021: $1,309,950Liabilities 2021: $807,092Net Assets 2021: $502,8582021Assets 2022: $1,203,398Liabilities 2022: $574,576Net Assets 2022: $628,8222022Assets 2022: $1,203,398Liabilities 2022: $574,576Net Assets 2022: $628,8222022Assets 2023: $1,240,045Liabilities 2023: $471,354Net Assets 2023: $768,6912023Assets 2024: $1,401,696Liabilities 2024: $525,839Net Assets 2024: $875,8572024Assets 2025: $1,435,602Liabilities 2025: $431,077Net Assets 2025: $1,004,5252025

Highlighted filing

2022

Assets$1,203,398
Liabilities$574,576
Net Assets$628,822
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

$600K$400K$200K$0-$200KRevenue 2012: $406,900Expenses 2012: $404,966Net Income 2012: $1,9342012Revenue 2013: $295,466Expenses 2013: $260,014Net Income 2013: $35,4522013Revenue 2014: $400,444Expenses 2014: $370,653Net Income 2014: $29,7912014Revenue 2015: $402,973Expenses 2015: $313,117Net Income 2015: $89,8562015Revenue 2016: $445,296Expenses 2016: $324,273Net Income 2016: $121,0232016Revenue 2017: $439,363Expenses 2017: $348,274Net Income 2017: $91,0892017Revenue 2018: $453,851Expenses 2018: $533,006Net Income 2018: -$79,1552018Revenue 2019: $451,067Expenses 2019: $490,604Net Income 2019: -$39,5372019Revenue 2020: $473,811Expenses 2020: $355,805Net Income 2020: $118,0062020Revenue 2021: $477,746Expenses 2021: $394,705Net Income 2021: $83,0412021Revenue 2022: $529,468Expenses 2022: $403,504Net Income 2022: $125,9642022Revenue 2022: $529,468Expenses 2022: $403,504Net Income 2022: $125,9642022Revenue 2023: $535,105Expenses 2023: $395,236Net Income 2023: $139,8692023Revenue 2024: $558,430Expenses 2024: $427,630Net Income 2024: $130,8002024Revenue 2025: $583,486Expenses 2025: $454,760Net Income 2025: $128,7262025

Highlighted filing

2022

Revenue$529,468
Expenses$403,504
Net Income$125,964
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
May 25, 2022
Return Version
2021v4.0
Gross Receipts
$529,468
Mission and Program Overview

Mission

Provide water and beach recreation to lakeside community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$987,932$961,757▼ $26,175
Rtn Earn Endowment Incm Other Fnds$502,858$628,822▲ $125,964
Savings and Temporary Cash Investments$267,211$219,657▼ $47,554
Cash and Non-Interest-Bearing Accounts$54,807$21,984▼ $32,823
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,309,950$1,203,398▼ $106,552
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$666,694$569,654▼ $97,040
Deferred Revenue$2,162$4,918▲ $2,756
Accounts Payable and Accrued Expenses$931--
Other Liabilities$137,305$4▼ $137,301
Total Liabilities$807,092$574,576▼ $232,516
Net Assets / Fund Balance
Total Net Assets Fund Balance$502,858$628,822▲ $125,964
Total Liabilities and Net Assets / Fund Balance$1,309,950$1,203,398▼ $106,552

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$728,255$270,994$999,249
Other Land Buildings$233,502$443,944$677,446
Equipment-$6,687$6,687
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cathy LuisiBusiness ManagerPT$24,000$24,000
John WoodruffMaintenance-$2,640$2,640

Board Members and Trustees

NameTitle
Sara PapendickChairman
Stephen MarchianoPresident
Laurence GanderVice President
Corinne GiffordTrustee
Jeremy RafferTrustee
Mike MahfouzTrustee
Ashley DeversBusiness Manager
Melissa KentSecretary
Robert GalluscioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$529,327
Program Service Revenue
$0
Investment Income
$141
Other Revenue
$0
All Other Contributions
$62,999
Change in Net Assets
$125,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,735
Salaries, Compensation, and Employee Benefits$126,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$89,887--$89,887
Depreciation Depletion---$60,920
Insurance-$60,753-$60,753
All Other Expenses$27,560$9,635-$37,195
Current Officers, Directors, Trustees, and Key Employees-$26,640-$26,640
Interest-$15,114-$15,114
Payroll Taxes$8,091$2,151-$10,242
Other Expenses$10,166$30,122-$10,166
Office Expenses-$4,600-$4,600
Fees for Services Accounting-$2,350-$2,350
Fees for Services Other-$778-$778
Total Functional Expenses$190,441$152,143$0$403,504
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$4
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 11B: Form 990 Review Process

“Discussed at monthly meeting”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The organization makes form 990 available for review by association members upon request”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Fayson Lakes Association
EIN
22-1468840
Phone
9738382043
Address
10 CLUBHOUSE TRAIL, KINNELON, NJ 07405

Signing Officer

Name
Ashley Devers
Title
Business Manager
Signed
2022-05-25
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
5
Independent Board Members
5
Employees
38

Preparer

Firm
Cullari Carrico LLC
Address
55 Lane Road Ste 300, Fairfield, NJ 07004
Preparer
Ellen Mcgraw
Phone
9734063955
Raw XML Appendix397 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.

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IRS990/OtherExpensesGrp/TotalAmt221882
IRS990/OtherExpensesGrp/TotalAmt310166
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0137305
IRS990/OtherLiabilitiesGrp/EOYAmt04
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt089887
IRS990/OtherSalariesAndWagesGrp/TotalAmt089887
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02151
IRS990/PayrollTaxesGrp/ProgramServicesAmt08091
IRS990/PayrollTaxesGrp/TotalAmt010242
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt0424
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0270086
IRS990/PYRevenuesLessExpensesAmt083041
IRS990/PYSalariesCompEmpBnftPaidAmt0124619
IRS990/PYTotalExpensesAmt0394705
IRS990/PYTotalRevenueAmt0477746
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0125964
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0502858
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0628822
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0267211
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0219657
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06687
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06687
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0728255
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0270994
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0999249
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0233502
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0443944
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0677446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0961757
IRS990ScheduleD/TotalLiabilityAmt04
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISCUSSED AT MONTHLY MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES FORM 990 AVAILABLE FOR REVIEW BY ASSOCIATION MEMBERS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01203398
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IRS990/TotalAssetsGrp/EOYAmt01203398
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IRS990/TotalContributionsAmt0529327
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152143
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190441
IRS990/TotalFunctionalExpensesGrp/TotalAmt0403504
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0807092
IRS990/TotalLiabilitiesEOYAmt0574576
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IRS990/TotalLiabilitiesGrp/EOYAmt0574576
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IRS990/TotalProgramServiceExpensesAmt0403504
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt026640
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0141
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0529468
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01309950
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01203398
IRS990/TravelGrp/TotalAmt00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 CLUBHOUSE TRAIL
IRS990/USAddress/CityNm0KINNELON
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007405
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ASHLEY DEVERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAYSON LAKES ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FAYS
ReturnHeader/Filer/EIN0221468840
ReturnHeader/Filer/PhoneNum09738382043
ReturnHeader/Filer/USAddress/AddressLine1Txt010 CLUBHOUSE TRAIL
ReturnHeader/Filer/USAddress/CityNm0KINNELON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270623664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cullari Carrico LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt055 Lane Road Ste 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09734063955
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELLEN MCGRAW
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-27T07:23:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ASHLEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DEVERS
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,203,398
Liabilities
$574,576
Net assets
$628,822
Revenue
$529,468
Expenses
$403,504
Net income
$125,964
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.43$1.00$0.58$0.45$0.13
2024Summary only. Only limited summary data is available for this year.$1.40$0.53$0.88$0.56$0.43$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.47$0.77$0.54$0.40$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.57$0.63$0.53$0.40$0.13
2022Summary only. Only limited summary data is available for this year.$1.20$0.57$0.63$0.53$0.40$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.81$0.50$0.48$0.39$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.76$0.42$0.47$0.36$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.86$0.30$0.45$0.49$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.95$0.34$0.45$0.53$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$1.04$0.42$0.44$0.35$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$1.13$0.33$0.45$0.32$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.42$1.21$0.21$0.40$0.31$0.09
2014Summary only. Only limited summary data is available for this year.$1.41$0.00$1.41$0.40$0.37$0.03
2013Summary only. Only limited summary data is available for this year.$1.38$0.00$1.38$0.30$0.26$0.04
2012Summary only. Only limited summary data is available for this year.$1.35$0.00$1.35$0.41$0.40$0.00