Civic Intelligence

Anchor Building Fund Inc

EIN 27-1317072 • 501(c)3 • Lido Beach, NY

Profile

Raise monies to construct a facility for year-round recreation program dedicated to children and adults with special needs who reside in the town of hempstead.

630 Lido BlvdLido Beach, NY 11561

www.campanchor.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

97th percentile

89%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

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

Source year 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 / Assets59th percentile

Assets

$290,600

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$290,600

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin97th percentile

Revenue

$325,000

No earlier filing loaded for comparison.

Expenses

$34,400

No earlier filing loaded for comparison.

Net Income

$290,600

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2014: $290,600Liabilities 2014: $0Net Assets 2014: $290,6002014

Highlighted filing

2014

Assets$290,600
Liabilities$0
Net Assets$290,600
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2014: $325,000Expenses 2014: $34,400Net Income 2014: $290,6002014

Highlighted filing

2014

Revenue$325,000
Expenses$34,400
Net Income$290,600
Open 2014 Filing

Filings

Most recent year

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

Open filing
Assets
$290,600
Liabilities
$0
Net assets
$290,600
Revenue
$325,000
Expenses
$34,400
Net income
$290,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$3.25$0.34$2.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 8, 2015
Return Version
2014v5.0
Gross Receipts
$325,000
Mission and Program Overview

Mission

Raise monies to construct a facility for year-round recreation program dedicated to children and adults with special needs who reside in the town of hempstead.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$290,600-
Total Assets$0$290,600▲ $290,600
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$290,600-
Total Net Assets Fund Balance$0$290,600▲ $290,600
Total Liabilities and Net Assets / Fund Balance$0$290,600▲ $290,600
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
John MalloyPresident
Anna DragoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$325,000
Change in Net Assets
$290,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$25,000-$25,000
Fees for Services Accounting-$9,400-$9,400
Total Functional Expenses$0$34,400$0$34,400
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
Lobbying activity
No
Subject to proxy tax
No
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
No
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, Page 6, Part VI, Line 5

“The organization became aware that the prior treasurer embezzled the organization's entire treasury estimated to be around 1,000,000 over the span of his tenure. This individual has been sentenced and the organization maintains its existence for the forseeable future with the hopes of restitution. The organization's revenues in 2014 of 325,000 comes from a settlement with the bank for its copability in the embezzlement of the funds.”

Form 990, Page 6, Part VI, Line 8A

“NO MEETINGS”

Form 990, Page 6, Part VI, Line 8B

“NO COMMITTEE MEETINGS”

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

“The form 990 will be reviewed by the president who is the signatory on the form.”

Form 990, Page 6, Part VI, Line 19

“The organization will comply with requests for inspection of any available governing documents required by law to be made available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Anchor Building Fund Inc
EIN
27-1317072
Address
630 LIDO BLVD, LIDO BEACH, NY 11561

Signing Officer

Name
John Malloy
Title
President
Signed
2015-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Malloy
Formed
2009
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Fitzsimmons Krantz and Abrams Llp
Address
59 E 54TH ST RM 82, NEW YORK, NY 10022-9207
Preparer
David J Fitzsimmons
Phone
2127594949
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

“The organization no longer raises monies to construct a facility. The town of hempstead stepped in and constructed the facility. Any remaining assets of the organization will be expended (either directly or through transfers) for the benefit of the camp anchor program another 501 c 3 organization.”

Raw XML Appendix224 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/BooksInCareOfDetail/PhoneNum05164316946
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0630 LIDO BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LIDO BEACH
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IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm1ANNA DRAGONE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0325000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0true
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0RAISE MONIES TO CONSTRUCT A FACILITY FOR YEAR-ROUND RECREATION PROGRAM DEDICATED TO CHILDREN AND ADULTS WITH SPECIAL NEEDS WHO RESIDE IN THE TOWN OF HEMPSTEAD.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt0290600
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherRevenueMiscGrp/Desc0SETTLEMENT
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0325000
IRS990/OtherRevenueTotalAmt0325000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0290600
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0325000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0325000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0325000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0325000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0325000
IRS990ScheduleA/TotalSupportAmt0325000
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION BECAME AWARE THAT THE PRIOR TREASURER EMBEZZLED THE ORGANIZATION'S ENTIRE TREASURY ESTIMATED TO BE AROUND 1,000,000 OVER THE SPAN OF HIS TENURE. THIS INDIVIDUAL HAS BEEN SENTENCED AND THE ORGANIZATION MAINTAINS ITS EXISTENCE FOR THE FORSEEABLE FUTURE WITH THE HOPES OF RESTITUTION. THE ORGANIZATION'S REVENUES IN 2014 OF 325,000 COMES FROM A SETTLEMENT WITH THE BANK FOR ITS COPABILITY IN THE EMBEZZLEMENT OF THE FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMMITTEE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT WHO IS THE SIGNATORY ON THE FORM.
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN MALLOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANCHOR BUILDING FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ANCH
ReturnHeader/Filer/EIN0271317072
ReturnHeader/Filer/USAddress/AddressLine1Txt0630 LIDO BLVD
ReturnHeader/Filer/USAddress/CityNm0LIDO BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011561
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132858927
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 E 54TH ST RM 82
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100229207
ReturnHeader/PreparerPersonGrp/PhoneNum02127594949
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J FITZSIMMONS
ReturnHeader/ReturnTs02015-11-12T14:50:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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