Civic Intelligence

Lake Monroe Sailing Association Incorporated

990 • Fiscal year 2014 • EIN 23-7363158

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

Organization Profilewww.lakemonroesailing.com
PO Box 5966Bloomington, IN 47407-5966

(812) 824-4611

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.10x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.17x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Asset Growth

14th percentile

-18%

Faster asset growth than 14% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$416,183

Down $200,692 (-33%) from 2012

Net Assets

Down

$376,584

Down $169,845 (-31%) from 2012

Liabilities

Down

$39,599

Down $30,847 (-44%) from 2012

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin30th percentile

Revenue

$226,412

No earlier filing loaded for comparison.

Expenses

Up

$234,271

Up $43,676 (+23%) from 2012

Net Income

-$7,859

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$800K$600K$400K$200K$0Assets 2012: $616,875Liabilities 2012: $70,446Net Assets 2012: $546,4292012Assets 2014: $416,183Liabilities 2014: $39,599Net Assets 2014: $376,5842014Assets 2015: $398,041Liabilities 2015: $33,370Net Assets 2015: $364,6712015Assets 2016: $382,900Liabilities 2016: $27,939Net Assets 2016: $354,9612016Assets 2020: $429,047Liabilities 2020: $112,925Net Assets 2020: $316,1222020Assets 2021: $414,417Liabilities 2021: $84,218Net Assets 2021: $330,1992021Assets 2022: $432,445Liabilities 2022: $74,072Net Assets 2022: $358,3732022Assets 2024: $380,259Liabilities 2024: $62,275Net Assets 2024: $317,9842024

Highlighted filing

2014

Assets$416,183
Liabilities$39,599
Net Assets$376,584
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0-$100KExpenses 2012: $190,5952012Revenue 2014: $226,412Expenses 2014: $234,271Net Income 2014: -$7,8592014Revenue 2015: $224,483Expenses 2015: $236,276Net Income 2015: -$11,7932015Revenue 2016: $233,176Expenses 2016: $242,886Net Income 2016: -$9,7102016Revenue 2020: $293,047Expenses 2020: $263,001Net Income 2020: $30,0462020Revenue 2021: $329,215Expenses 2021: $315,138Net Income 2021: $14,0772021Revenue 2022: $321,168Expenses 2022: $292,994Net Income 2022: $28,1742022Revenue 2024: $335,127Expenses 2024: $354,649Net Income 2024: -$19,5222024

Highlighted filing

2014

Revenue$226,412
Expenses$234,271
Net Income-$7,859
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$226,412
Mission and Program Overview

Mission

Provide safe harbor for sailboats used on Monroe Lake Indiana; sailing instruction and recreation as provided by our lease with the Indiana Department of Natural Resources; and provide youth and adult sailing lessons and instructions.

Provide safe harbor for sailboats used on monroe lake indiana; sailing instruction and recreation as provided by our lease with the indiana department of natural resources. Provide youth and adult sailing lessons and instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$311,949$285,382▼ $26,567
Savings and Temporary Cash Investments$111,096$131,636▲ $20,540
Cash and Non-Interest-Bearing Accounts$2,702$-4,761▼ $7,463
Total Assets$427,312$416,183▼ $11,129
Other Assets Total$1,565$3,926▲ $2,361
Liabilities
Mortgage Notes Payable Secured by Investment Property$33,283$28,566▼ $4,717
Other Liabilities$9,586$11,033▲ $1,447
Total Liabilities$42,869$39,599▼ $3,270
Net Assets / Fund Balance
Unrestricted Net Assets$384,443$376,584▼ $7,859
Total Net Assets Fund Balance$384,443$376,584▼ $7,859
Total Liabilities and Net Assets / Fund Balance$427,312$416,183▼ $11,129

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$285,382$546,572$831,954
Other Assets Org$3,926--
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Caylan EvansDirector
Jak DoslowDirector
Joe AkeDirector
Kevin KeoughDirector
Mary Ellen Stacy-BarnardDirector
Mike HughsDirector
Randy GuyDirector
Marilyn CloutierCommodore
JamescClungPast Commodore
Steve BottorffSecretary
Patrick RichardsonTreasurer
Jerry AdkinsVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$7,160
Program Service Revenue
$217,734
Investment Income
$1,518
Other Revenue
$0
Change in Net Assets
$-7,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,083
Salaries, Compensation, and Employee Benefits$83,188
Total Fundraising Expense$4,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$74,935--$74,935
Occupancy$48,208$5,357-$53,565
Depreciation Depletion$47,282$5,254-$52,536
Insurance$13,305$1,478-$14,783
Office Expenses$7,114$791-$7,905
Payroll Taxes$6,763--$6,763
Other Expenses$1,307-$4,246$4,246
All Other Expenses$3,507-$13$3,520
Interest$1,883$209-$2,092
Other Employee Benefits$1,490--$1,490
Information Technology$693$77-$770
Advertising$187$21-$208
Total Functional Expenses$216,825$13,187$4,259$234,271
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Seniority deposits$10,200
Payroll liabilities$833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

Members or stockholder classes and rights Part VI line 6

“Member can be Family - Couple - Single parent family or single member. Dues are paid annually and give rights to vote for Board members, to social events and use of Association assets.”

Member election for additional members Part VI line 7A

“Every September, Board meets to accept nominations Committee results along with any member with 25 signatures of members. Ballot is sent out to members and collcted at the November annual meeting.”

Committee meeting documentation Part VI line 8B

“Minutes are kept of every Board meeting and reviewed by Board at a subsequent meeting”

Form 990 governing body review Part VI line 11

“From 990 reviewed by Board of Directors.”

Other officer or key employee compensation Part VI line 15B

“Compensation of Resident Manager is performed by Commodore and presented to Board of Directors at a regularly scheduled Board meeting.”

Governing documents etc available to public Part VI line 19

“Form 990 available to Public upon request”

Filing and Contact Details

Filer

Filer Name
Lake Monroe Sailing Association Inc
EIN
23-7363158
Address
PO BOX 5966, Bloomington, IN 47407-5966

Signing Officer

Name
Patrick Richardson
Title
Treasurer
Signed
2015-11-11

Organization Details

Formed
1970
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
10
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Change in accounting principle - depreciation - see schedule 3115”

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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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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0546572
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0831954
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03926
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Compensation transfer
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Work in process - bathhouse
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Seniority deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0285382
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03926
IRS990ScheduleD/TotalLiabilityAmt011033
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Member can be Family - Couple - Single parent family or single member. Dues are paid annually and give rights to vote for Board members, to social events and use of Association assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Every September, Board meets to accept nominations Committee results along with any member with 25 signatures of members. Ballot is sent out to members and collcted at the November annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Minutes are kept of every Board meeting and reviewed by Board at a subsequent meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3From 990 reviewed by Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation of Resident Manager is performed by Commodore and presented to Board of Directors at a regularly scheduled Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 available to Public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in accounting principle - depreciation - see schedule 3115
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0427312
IRS990/TotalAssetsEOYAmt0416183
IRS990/TotalAssetsGrp/BOYAmt0427312
IRS990/TotalAssetsGrp/EOYAmt0416183
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07160
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04259
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013187
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0216825
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234271
IRS990/TotalGrossUBIAmt058853
IRS990/TotalLiabilitiesBOYAmt042869
IRS990/TotalLiabilitiesEOYAmt039599
IRS990/TotalLiabilitiesGrp/BOYAmt042869
IRS990/TotalLiabilitiesGrp/EOYAmt039599
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0384443
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0376584
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0216825
IRS990/TotalProgramServiceRevenueAmt0217734
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0160399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0226412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt058853
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0427312
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416183
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0384443
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0376584
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Richardson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake Monroe Sailing Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0237363158
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5966
ReturnHeader/Filer/USAddress/CityNm0Bloomington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0474075966
ReturnHeader/ReturnTs02015-11-14T11:01:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$416,183
Liabilities
$39,599
Net assets
$376,584
Revenue
$226,412
Expenses
$234,271
Net income
-$7,859
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.62$3.18$3.35$3.55$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$0.74$3.58$3.21$2.93$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.14$0.84$3.30$3.29$3.15$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$1.13$3.16$2.93$2.63$0.30
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.28$3.55$2.33$2.43$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.33$3.65$2.24$2.36$0.12
2014Detailed filing. Detailed filing data is available for this year.$4.16$0.40$3.77$2.26$2.34$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.70$5.46$1.91