Civic Intelligence

Sylvan Park Inc

990 • Fiscal year 2021 • EIN 25-1150012

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2021

P O Box 222Natrona Heights, PA 15065

(724) 226-1121

Siviq Scores

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

Liabilities / Assets

77th percentile

0.14x

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.13x

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

54th percentile

7.7%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$12,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

18%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$215,709

Up $52,244 (+32%) from 2019

Net Assets

Up

$186,472

Up $33,284 (+22%) from 2019

Liabilities

Up

$29,237

Up $18,960 (+184%) from 2019

Revenue

Up

$219,621

Up $55,151 (+34%) from 2019

Expenses

Up

$202,627

Up $46,219 (+30%) from 2019

Net Income

Up

$16,994

Up $8,932 (+111%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $189,373Liabilities 2012: $10,669Net Assets 2012: $178,7042012Assets 2013: $190,807Liabilities 2013: $8,985Net Assets 2013: $181,8222013Assets 2015: $142,310Liabilities 2015: $18,000Net Assets 2015: $124,3102015Assets 2016: $150,976Liabilities 2016: $14,236Net Assets 2016: $136,7402016Assets 2017: $153,292Liabilities 2017: $11,040Net Assets 2017: $142,2522017Assets 2018: $156,004Liabilities 2018: $10,878Net Assets 2018: $145,1262018Assets 2019: $163,465Liabilities 2019: $10,277Net Assets 2019: $153,1882019Assets 2021: $215,709Liabilities 2021: $29,237Net Assets 2021: $186,4722021Assets 2022: $212,330Liabilities 2022: $21,878Net Assets 2022: $190,4522022Assets 2024: $199,152Liabilities 2024: $1,051Net Assets 2024: $198,1012024

Highlighted filing

2021

Assets$215,709
Liabilities$29,237
Net Assets$186,472

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $166,9802012Expenses 2013: $163,7682013Revenue 2015: $143,874Expenses 2015: $167,062Net Income 2015: -$23,1882015Revenue 2016: $163,398Expenses 2016: $150,968Net Income 2016: $12,4302016Revenue 2017: $161,317Expenses 2017: $155,805Net Income 2017: $5,5122017Revenue 2018: $156,581Expenses 2018: $154,024Net Income 2018: $2,5572018Revenue 2019: $164,470Expenses 2019: $156,408Net Income 2019: $8,0622019Revenue 2021: $219,621Expenses 2021: $202,627Net Income 2021: $16,9942021Revenue 2022: $227,289Expenses 2022: $223,308Net Income 2022: $3,9812022Revenue 2024: $241,124Expenses 2024: $248,694Net Income 2024: -$7,5702024

Highlighted filing

2021

Revenue$219,621
Expenses$202,627
Net Income$16,994
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2021
Return Version
2020v4.0
Gross Receipts
$273,362
Mission and Program Overview

Mission

To provide pool, waterslide, and recreational activities for members

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$213,508$223,558▲ $10,050
Cash and Non-Interest-Bearing Accounts$65,166$110,991▲ $45,825
Land, Buildings, and Equipment, Net$88,078$77,860▼ $10,218
Prepaid Expenses and Deferred Charges$12,575$12,587▲ $12
Accounts Receivable$7,975$7,975→ $0
Rtn Earn Endowment Incm Other Fnds$-44,032$-37,086▲ $6,946
Total Assets$180,090$215,709▲ $35,619
Other Assets Total$6,296$6,296→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,318$22,941▲ $18,623
Deferred Revenue$6,296$6,296→ $0
Total Liabilities$10,614$29,237▲ $18,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$169,476$186,472▲ $16,996
Total Liabilities and Net Assets / Fund Balance$180,090$215,709▲ $35,619

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$34,497$515,925$550,422
Equipment$29,421$323,982$353,403
Land$13,942-$13,942
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kenneth KosmalTreasurer$12,000$12,000

Board Members and Trustees

NameTitle
Patrick BundyPresident
Dan MorettiBoard Member
Jesus RodriguezBoard Member
Jim WattsBoard Member
John PetersBoard Member
Kevin FischerBoard Member
Mark BlochBoard Member
Vicki FrantzSecretary
Mary Jo MilbergerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$173,570
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$46,051
All Other Contributions
$21,500
Change in Net Assets
$16,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,762
Salaries, Compensation, and Employee Benefits$77,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,197--$60,197
All Other Expenses$18,886--$18,886
Current Officers, Directors, Trustees, and Key Employees$12,000--$12,000
Other Expenses$11,450--$11,450
Depreciation Depletion$10,407--$10,407
Insurance$7,568--$7,568
Payroll Taxes$5,668--$5,668
Fees for Services Accounting$3,475--$3,475
Office Expenses$3,124--$3,124
Total Functional Expenses$202,627$0$0$202,627
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Board hires a general manager to run the pool operations.

Form 990, Page 6, Part VI, Line 6

There are two classes of membership - family and individual. Membership requires a capital contribution to join, and annual maintenance fees.

Form 990, Page 6, Part VI, Line 7A

One third of the board is elected each year at the annual membership meeting, normally held in the spring prior to the pool operations opening.

Form 990, Page 6, Part VI, Line 11B

Annual form 990 presented at the board meeting immediately after filing with the internal revenue service. Financial information reported on the form 990 is normally provided to the board prior to preparation of the form 990.

Form 990, Page 6, Part VI, Line 15A

Board of directors annually sets compensation of the general manager and financial officer.

Form 990, Page 6, Part VI, Line 19

Internal financial statements and budget submitted annually to the membership in advance of the membership meeting. Governing documents are available for inspection at the pool facilities, upon request.

Filing and Contact Details

Filer

Filer Name
Sylvan Park
EIN
25-1150012
Phone
7242261121
Address
P O BOX 222, NATRONA HEIGHTS, PA 15065

Signing Officer

Name
Kenneth Kosmal
Title
Treasurer
Phone
7242265898
Signed
2021-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Bundy
Formed
1964
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
34

Preparer

Firm
Sodini & Company Inc
Address
1527 FREEPORT RD, NATRONA HEIGHTS, PA 15065-1314
Preparer
Robert W Sodini
Phone
7242262211
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING DIFFERENCES 2

Raw XML Appendix356 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD HIRES A GENERAL MANAGER TO RUN THE POOL OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE TWO CLASSES OF MEMBERSHIP - FAMILY AND INDIVIDUAL. MEMBERSHIP REQUIRES A CAPITAL CONTRIBUTION TO JOIN, AND ANNUAL MAINTENANCE FEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONE THIRD OF THE BOARD IS ELECTED EACH YEAR AT THE ANNUAL MEMBERSHIP MEETING, NORMALLY HELD IN THE SPRING PRIOR TO THE POOL OPERATIONS OPENING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL FORM 990 PRESENTED AT THE BOARD MEETING IMMEDIATELY AFTER FILING WITH THE INTERNAL REVENUE SERVICE. FINANCIAL INFORMATION REPORTED ON THE FORM 990 IS NORMALLY PROVIDED TO THE BOARD PRIOR TO PREPARATION OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS ANNUALLY SETS COMPENSATION OF THE GENERAL MANAGER AND FINANCIAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INTERNAL FINANCIAL STATEMENTS AND BUDGET SUBMITTED ANNUALLY TO THE MEMBERSHIP IN ADVANCE OF THE MEMBERSHIP MEETING. GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE POOL FACILITIES, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING DIFFERENCES 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0180090
IRS990/TotalAssetsEOYAmt0215709
IRS990/TotalAssetsGrp/BOYAmt0180090
IRS990/TotalAssetsGrp/EOYAmt0215709
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0173570
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202627
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010614
IRS990/TotalLiabilitiesEOYAmt029237
IRS990/TotalLiabilitiesGrp/BOYAmt010614
IRS990/TotalLiabilitiesGrp/EOYAmt029237
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0169476
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0186472
IRS990/TotalProgramServiceExpensesAmt0202627
IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/ExclusionAmt023754
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022297
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0219621
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180090
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0215709
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0702 BURTNER RD
IRS990/USAddress/CityNm0NATRONA HEIGHTS
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015065
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FACEBOOK.COM/SYLVANPARKINC/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH KOSMAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07242265898
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYLVAN PARK
ReturnHeader/Filer/BusinessNameControlTxt0SYLV
ReturnHeader/Filer/EIN0251150012
ReturnHeader/Filer/PhoneNum07242261121
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 222
ReturnHeader/Filer/USAddress/CityNm0NATRONA HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015065
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251331612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SODINI & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01527 FREEPORT RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NATRONA HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0150651314
ReturnHeader/PreparerPersonGrp/PhoneNum07242262211
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W SODINI
ReturnHeader/ReturnTs02022-08-15T17:54:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KENNETH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOSMAL
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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