Civic Intelligence

Friends of Eagle Island Inc

990 • Fiscal year 2020 • EIN 27-4548675

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 245Livingston, NJ 07039

(973) 996-8306

Siviq Scores

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

Liabilities / Assets

41st percentile

0.06x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • NTEE N • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.49x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • NTEE N • $1M-$5M nonprofits • Source year 2020

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2020 filings • NTEE N • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$66,950

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2020 filings • NTEE N • $1M-$5M nonprofits • Source year 2020

Asset Growth

44th percentile

1.7%

Faster asset growth than 44% of similar nonprofits.

2020 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-28%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,811,590

Up $79,641 (+1.7%) from 2019

Net Assets

Up

$4,543,848

Up $157,221 (+3.6%) from 2019

Liabilities

Down

$267,742

Down $77,580 (-22%) from 2019

Revenue

Down

$549,539

Down $215,348 (-28%) from 2019

Expenses

Down

$392,318

Down $22,262 (-5.4%) from 2019

Net Income

Down

$157,221

Down $193,086 (-55%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $3,016,085Liabilities 2015: $12,835Net Assets 2015: $3,003,2502015Assets 2017: $3,647,668Liabilities 2017: $33,300Net Assets 2017: $3,614,3682017Assets 2018: $4,067,674Liabilities 2018: $27,204Net Assets 2018: $4,040,4702018Assets 2019: $4,731,949Liabilities 2019: $345,322Net Assets 2019: $4,386,6272019Assets 2020: $4,811,590Liabilities 2020: $267,742Net Assets 2020: $4,543,8482020Assets 2021: $5,232,572Liabilities 2021: $186,352Net Assets 2021: $5,046,2202021Assets 2022: $5,919,662Liabilities 2022: $160,122Net Assets 2022: $5,759,5402022Assets 2023: $5,968,766Liabilities 2023: $124,710Net Assets 2023: $5,844,0562023Assets 2024: $6,487,568Liabilities 2024: $170,856Net Assets 2024: $6,316,7122024

Highlighted filing

2020

Assets$4,811,590
Liabilities$267,742
Net Assets$4,543,848

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2015: $2,959,605Expenses 2015: $19,222Net Income 2015: $2,940,3832015Revenue 2017: $502,445Expenses 2017: $200,525Net Income 2017: $301,9202017Revenue 2018: $694,354Expenses 2018: $258,252Net Income 2018: $436,1022018Revenue 2019: $764,887Expenses 2019: $414,580Net Income 2019: $350,3072019Revenue 2020: $549,539Expenses 2020: $392,318Net Income 2020: $157,2212020Revenue 2021: $1,045,517Expenses 2021: $543,145Net Income 2021: $502,3722021Revenue 2022: $1,322,991Expenses 2022: $609,671Net Income 2022: $713,3202022Revenue 2023: $762,658Expenses 2023: $684,942Net Income 2023: $77,7162023Revenue 2024: $1,236,609Expenses 2024: $769,946Net Income 2024: $466,6632024

Highlighted filing

2020

Revenue$549,539
Expenses$392,318
Net Income$157,221
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$554,255
Mission and Program Overview

Mission

Eagle island, inc.'s mission is to inspire and empower girls and young women to be confident, collaborative, and courageous.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,244,470$4,335,602▲ $91,132
Savings and Temporary Cash Investments$194,994$241,909▲ $46,915
Cash and Non-Interest-Bearing Accounts$121,432$126,994▲ $5,562
Pledges and Grants Receivable$139,609$85,154▼ $54,455
Accounts Receivable$21,350$12,820▼ $8,530
Prepaid Expenses and Deferred Charges$8,506$7,559▼ $947
Inventories for Sale or Use$1,588$1,552▼ $36
Total Assets$4,731,949$4,811,590▲ $79,641
Liabilities
Mortgage Notes Payable Secured by Investment Property$254,685$220,749▼ $33,936
Other Liabilities$0$27,055▲ $27,055
Accounts Payable and Accrued Expenses$90,637$19,938▼ $70,699
Total Liabilities$345,322$267,742▼ $77,580
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,297,996$4,435,638▲ $137,642
Net Assets With Donor Restrictions$88,631$108,210▲ $19,579
Total Net Assets Fund Balance$4,386,627$4,543,848▲ $157,221
Total Liabilities and Net Assets / Fund Balance$4,731,949$4,811,590▲ $79,641

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,983,742$189,158$2,172,900
Land$1,411,005-$1,411,005
Leasehold Improvements$719,283$18,443$737,726
Equipment$199,848$102,453$302,301
Other Land Buildings$21,724-$21,724
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula MichelsenExecutive DirectorFT$65,000$1,950$66,950
Katrina DeardenCamp DirectorFT$51,500-$51,500

Board Members and Trustees

NameTitle
Jane EvansCo-president
Karin RutledgeCo-president
Lauren ParmingtonVice President
Marina LowryVice President
Stefanie GoodsellVice President
Carol JackmanDirector
Chris HildebrandDirector
Joe WilliamsDirector
Marie SpessDirector
Shirley GrillDirector
Will HarringtonDirector
Steve ReichAsst. Treasurer
Mary HesselgraveSecretary
Carole MackenzieTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Don Bennet Building MaintenanceGeneral Contracting62 SUNSET AVE, Tupper Lake, NY 12986$189,208
Revenue and Support

Revenue Composition

Contributions and Grants
$550,105
Program Service Revenue
$0
Investment Income
$-1,757
Other Revenue
$1,191
All Other Contributions
$433,166
Change in Net Assets
$157,221

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$48,672Fair Market Value (FMV) at Date of the Gift
Cars and Other Vehicles1$18,000Fair Market Value (FMV) at Date of the Gift
Books and Publications-$280Fair Market Value (FMV) at Date of the Gift
Other Non Cash Contri Table1$141Fair Market Value (FMV) at Date of the G
Other Non Cash Contri Table1$100Fair Market Value (FMV) at Date of the G
Total Noncash Contributions6$67,193-

Audited Revenue Reconciliation

Revenue per Audited Statements
$549,539
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,204
Total Revenue per Audited Statements
$566,743
Total Revenue per Form 990
$549,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$245,186
Salaries, Compensation, and Employee Benefits$147,132
Total Fundraising Expense$31,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,707$35,292$20,450$118,449
Depreciation Depletion$109,487--$109,487
Occupancy$39,601--$39,601
Insurance-$25,803-$25,803
Other Salaries and Wages$9,207$5,182$3,003$17,392
Fees for Services Accounting-$12,900-$12,900
Office Expenses$804$5,336$5,327$11,467
Payroll Taxes$5,935$3,340$1,935$11,210
Interest-$10,717-$10,717
Fees for Services Other$2,750$6,305-$9,055
Other Expenses$5,426$2,068$509$2,068
Travel$1,336--$1,336
Pension Plan Contributions$43$24$14$81
Total Functional Expenses$246,062$115,018$31,238$392,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$409,522
Expenses per Audited Statements$392,318
Total Expenses per Form 990$392,318
Expenses Not Reported on Form 990$17,204
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$667
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Uncle of a Board MemberGeneral ContractorNo$29,636
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance - Ppp Loan$27,055
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Carole mackenzie, treasurer, and steve reich, assistant treasurer, are married. Todd hall of adk camp care is lauren parmington's uncle.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the finance committee before filing.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and member of a committee with governing board-delegated powers shall annually sign a statement that affirms such person has received a copy of the conflict of interest policy, has read and understand the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax exempt purposes.

Form 990, Part VI, Section B, Line 15A

The performance of the executive director is reviewed by all board members. Compensation is reviewed and approved by the board of directors executive committee.

Form 990, Part VI, Section C, Line 18

Audited financial statements are on the website and other documents are made available upon request

Form 990, Part VI, Section C, Line 19

Governing documents, disclosures, explanations, and audited financial statements are on the website, eagleisland.org, and other documents are available on request.

Filing and Contact Details

Filer

Filer Name
Eagle Island Inc
EIN
27-4548675
Phone
9739968306
Address
PO BOX 245, LIVINGSTON, NJ 07039
Doing Business As
Friends of Eagle Island Inc

Signing Officer

Name
Carole L Mackenzie
Title
Treasurer
Phone
9737448660
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carole L Mackenzie
Formed
2011
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
4
Volunteers
109

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Tara Del Gavio
Phone
9739949494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, is not liable for federal and state income taxes. The organization follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2020 and 2019. At december 31, 2020 and 2019, there were no significant income tax uncertainties.

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IRS990/MissionDesc0EAGLE ISLAND, INC.'S MISSION IS TO INSPIRE AND EMPOWER GIRLS AND YOUNG WOMEN TO BE CONFIDENT, COLLABORATIVE, AND COURAGEOUS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION CONTINUED ITS RESTORATION OF THE HISTORIC BUILDINGS ON EAGLE ISLAND INCLUDING THE COMPLETION OF THE CONSTRUCTION WORK FOR THE FIRST NEW YORK STATE REGIONAL ECONOMIC DEVELOPMENT (RDEC) GRANT. IN SUPPORT OF ITS SAVE AMERICA'S TREASURES AND SECOND NEW YORK STATE REDC GRANTS, THE ORGANIZATION DEVELOPED GRANT PROJECT PLANS AND WORKED ON THE CONTRACTOR BID PACKAGE. THE ORGANIZATION ALSO TESTED ITS NEW WATER AND SEPTIC SYSTEMS, MAKING NUMEROUS ADJUSTMENTS AS THE SYSTEMS WENT LIVE. VOLUNTEERS AND CONTRACTORS WORKED ON NUMEROUS PROJECTS MAKING THE FACILITY READY FOR OVERNIGHT CAMPERS.
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