Civic Intelligence

Lake Monroe Sailing Association Incorporated

990 • Fiscal year 2016 • EIN 23-7363158

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 11, 2017

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

0.07x

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

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.12x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Net Margin

27th percentile

-4.2%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Asset Growth

33rd percentile

-3.8%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

3.9%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$382,900

Down $15,141 (-3.8%) from 2015

Net Assets

Down

$354,961

Down $9,710 (-2.7%) from 2015

Liabilities

Down

$27,939

Down $5,431 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin27th percentile

Revenue

Up

$233,176

Up $8,693 (+3.9%) from 2015

Expenses

Up

$242,886

Up $6,610 (+2.8%) from 2015

Net Income

Up

-$9,710

Up $2,083 (+18%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2016

Assets$382,900
Liabilities$27,939
Net Assets$354,961
Open 2016 Filing

Operations Trend

Revenue Growth57th percentile

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

2016

Revenue$233,176
Expenses$242,886
Net Income-$9,710
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 11, 2017
Return Version
2016v3.0
Gross Receipts
$233,176
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$262,662$238,679▼ $23,983
Savings and Temporary Cash Investments$131,117$132,577▲ $1,460
Cash and Non-Interest-Bearing Accounts$-127$3,475▲ $3,602
Total Assets$398,041$382,900▼ $15,141
Other Assets Total$4,389$8,169▲ $3,780
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,552$18,202▼ $5,350
Other Liabilities$9,818$9,737▼ $81
Total Liabilities$33,370$27,939▼ $5,431
Net Assets / Fund Balance
Unrestricted Net Assets$364,671$354,961▼ $9,710
Total Net Assets Fund Balance$364,671$354,961▼ $9,710
Total Liabilities and Net Assets / Fund Balance$398,041$382,900▼ $15,141

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$238,679$653,207$891,886
Other Assets Org$8,169--
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
Doug ParkerDirector
Len DobbinsDirector
Marci WeaseDirector
Nicolas BabicDirector
Randy GuyDirector
Steve BottorffDirector
Steven BacksDirector
Sue BeckerDirector
Jerry AdkinsCommodore
Becky DobbinsSecretary
Ken KoonsTreasurer
Jim OwenVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$7,340
Program Service Revenue
$223,809
Investment Income
$2,027
Other Revenue
$0
Change in Net Assets
$-9,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,794
Salaries, Compensation, and Employee Benefits$86,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,306--$79,306
Occupancy$53,545$5,949-$59,494
Depreciation Depletion$49,955$5,551-$55,506
Insurance$16,212$1,801-$18,013
Payroll Taxes$6,749--$6,749
Office Expenses$5,599$622-$6,221
Interest$1,311$146-$1,457
Other Expenses$1,267$141-$1,408
Other Employee Benefits$37--$37
Total Functional Expenses$228,676$14,210$0$242,886
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
Seniority deposits$9,700
Payroll liabilities$37
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
Ken Koons
Title
Treasurer
Signed
2017-08-11

Organization Details

Formed
1970
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
13
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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/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Commodore
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0891886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08169
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Work in process - bathhouse
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Seniority deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0238679
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08169
IRS990ScheduleD/TotalLiabilityAmt09737
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/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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0382900
IRS990/TotalAssetsGrp/BOYAmt0398041
IRS990/TotalAssetsGrp/EOYAmt0382900
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07340
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014210
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228676
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242886
IRS990/TotalGrossUBIAmt022936
IRS990/TotalLiabilitiesBOYAmt033370
IRS990/TotalLiabilitiesEOYAmt027939
IRS990/TotalLiabilitiesGrp/BOYAmt033370
IRS990/TotalLiabilitiesGrp/EOYAmt027939
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0364671
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0354961
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0228676
IRS990/TotalProgramServiceRevenueAmt0223809
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0202900
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233176
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022936
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0398041
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0382900
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0364671
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0354961
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN KOONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId036A11DCF39562497327F760E84F2B6B50F5F785C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId036A11DCF39562497327F760E84F2B6B50F5F785C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId035514520172231wjaypj
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-08-11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.68.82.94
ReturnHeader/FilingSecurityInformation/IPDt02017-08-11
ReturnHeader/FilingSecurityInformation/IPTm017:14:16
ReturnHeader/ReturnTs02017-08-11T17:13:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$382,900
Liabilities
$27,939
Net assets
$354,961
Revenue
$233,176
Expenses
$242,886
Net income
-$9,710
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
2016Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)7 • <$500k nonprofits