Civic Intelligence

Forster Ranch Master Association I

990 • Fiscal year 2016 • EIN 33-0239012

May 01, 2015 to Apr 30, 2016 • Filed on Feb 21, 2017

C/O Seabreeze-39 Argonaut No 100Aliso Viejo, CA 92656

(949) 855-1800

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.12x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

52nd percentile

7.5%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$3,920,207

No earlier filing loaded for comparison.

Net Assets

$3,759,838

No earlier filing loaded for comparison.

Liabilities

$160,369

No earlier filing loaded for comparison.

Revenue

$1,343,848

No earlier filing loaded for comparison.

Expenses

$1,242,742

No earlier filing loaded for comparison.

Net Income

$101,106

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $3,920,207Liabilities 2016: $160,369Net Assets 2016: $3,759,8382016Assets 2017: $3,928,606Liabilities 2017: $137,447Net Assets 2017: $3,791,1592017Assets 2018: $4,057,288Liabilities 2018: $156,032Net Assets 2018: $3,901,2562018Assets 2019: $3,754,473Liabilities 2019: $129,414Net Assets 2019: $3,625,0592019Assets 2020: $3,479,533Liabilities 2020: $3,121,307Net Assets 2020: $358,2262020Assets 2021: $3,294,183Liabilities 2021: $2,957,964Net Assets 2021: $336,2192021Assets 2022: $3,666,630Liabilities 2022: $3,241,968Net Assets 2022: $424,6622022Assets 2023: $3,792,391Liabilities 2023: $3,308,696Net Assets 2023: $483,6952023Assets 2024: $3,687,643Liabilities 2024: $3,506,779Net Assets 2024: $180,8642024Assets 2025: $2,577,034Liabilities 2025: $2,325,591Net Assets 2025: $251,4432025

Highlighted filing

2016

Assets$3,920,207
Liabilities$160,369
Net Assets$3,759,838

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,343,848Expenses 2016: $1,242,742Net Income 2016: $101,1062016Revenue 2017: $1,347,680Expenses 2017: $1,316,360Net Income 2017: $31,3202017Revenue 2018: $1,358,221Expenses 2018: $1,248,124Net Income 2018: $110,0972018Revenue 2019: $1,374,636Expenses 2019: $1,650,833Net Income 2019: -$276,1972019Revenue 2020: $1,549,908Expenses 2020: $1,559,124Net Income 2020: -$9,2162020Revenue 2021: $1,581,302Expenses 2021: $1,583,949Net Income 2021: -$2,6472021Revenue 2022: $1,102,117Expenses 2022: $1,023,296Net Income 2022: $78,8212022Revenue 2023: $1,319,998Expenses 2023: $1,260,965Net Income 2023: $59,0332023Revenue 2024: $1,414,116Expenses 2024: $1,699,538Net Income 2024: -$285,4222024Revenue 2025: $2,994,434Expenses 2025: $2,941,264Net Income 2025: $53,1702025

Highlighted filing

2016

Revenue$1,343,848
Expenses$1,242,742
Net Income$101,106
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$1,343,848
Mission and Program Overview

Mission

To provide and preserve for the use and enjoyment of the community, civic betterments and social improvements by providing for the preservation of the architecture and appearance of the community by owning, operating and maintaining the properties for use of all.

To provide and preserve for the use and enjoyment of the community, civic betterments and social improvements for an architecturally beautiful appearance and community oriented amenities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,070,365$3,430,014▲ $359,649
Rtn Earn Endowment Incm Other Fnds$3,346,527$3,399,896▲ $53,369
Cash and Non-Interest-Bearing Accounts$706,135$471,072▼ $235,063
Cap Stk Tr Prin Current Funds$312,205$359,942▲ $47,737
Accounts Receivable$15,642$12,557▼ $3,085
Prepaid Expenses and Deferred Charges$8,548$6,564▼ $1,984
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$3,800,690$3,920,207▲ $119,517
Liabilities
Accounts Payable and Accrued Expenses$118,911$118,180▼ $731
Deferred Revenue$23,047$40,862▲ $17,815
Other Liabilities$0$1,327▲ $1,327
Total Liabilities$141,958$160,369▲ $18,411
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,658,732$3,759,838▲ $101,106
Total Liabilities and Net Assets / Fund Balance$3,800,690$3,920,207▲ $119,517
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher CoylePresident
Fred OlsenVice President
David RobinsonMember at Large
Jim HintonMember at Large
Randell YoungMember at Large
Marsha DaerrSecretary
Jack CronkTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bemus LandscapeLandscape MaintenancePO BOX 74268, San Clemente, CA 92673$838,335
City Of San Clemente Water DistrictWater-utility100 AVE PRESIDIO, San Clemente, CA 92672$183,812
Seabreeze ManagementManagement Company39 ARGONAUT AVE 100, Aliso Viejo, CA 92656$126,949
Revenue and Support

Revenue Composition

Contributions and Grants
$1,294,020
Program Service Revenue
$25,686
Investment Income
$24,142
Other Revenue
$0
Change in Net Assets
$101,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,343,848
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,343,848
Total Revenue per Form 990
$1,343,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,242,742
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
All Other Expenses$65,465$20,012-$85,477
Other Expenses$37,950$102,407-$37,950
Total Functional Expenses$1,120,323$122,419$0$1,242,742

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,242,742
Total Expenses per Audited Statements$1,242,742
Total Expenses per Form 990$1,242,742
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Income Taxes Payable$1,327
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Association hires (under a competitive bid process approved by the board of directors) the services of a professional management company which manages the day to day administrative duties of the organization subject to the oversight of the board of directors. The management company acts as an agent for the association.

Form 990, Part VI, Section A, Line 6

As per the governing documents - residents become members by virtue of owning a unit in the community. There is a total of 1,196 members.

Form 990, Part VI, Section A, Line 7A

Members have voting rights accorded to them by virtue of owning a unit in the community as specified in the association's governing documents. The members elect a board of directors which provides oversight for the association business affairs as well as services provided by the management company.

Form 990, Part VI, Section A, Line 7B

The association's governing documents specify the various resolutions requiring membership approval. Most resolutions require only board of directors approval. The association complies with all state requirements for community interest developments regarding membership approval.

Form 990, Part VI, Section B, Line 11

Association's board of directors reviews and approves the tax returns.

Form 990, Part VI, Section B, Line 15

The association has no employees. The association does not compensate its officers or board of directors. No policy or procedure for compensation is required.

Form 990, Part VI, Section C, Line 18

All documents required to be disclosed by the association are available upon request at the offices of its management company.

Form 990, Part VI, Section C, Line 19

All documents required to be disclosed by the association are available upon request at the offices of its management company.

Filing and Contact Details

Filer

Filer Name
Forster Ranch Master Association 1
EIN
33-0239012
Phone
9498551800
Address
C/O SEABREEZE-39 ARGONAUT NO 100, ALISO VIEJO, CA 92656

Signing Officer

Name
Jack Cronk
Title
Treasurer
Phone
9498551800
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chistopher Coyle
Formed
1984
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

Firm
INOUYE SHIVELY & KLATT CPA'S LLP
Address
23041 AVE DE LA CARLOTA STE 310, LAGUNA HILLS, CA 92653-1531
Preparer
Douglas E Shively CPA
Phone
9495866640
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

The process of oversight of the association's audit preparation and approval has not changed during the current fiscal year.

Raw XML Appendix358 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 SCHEDULE C
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IRS990ScheduleD/ExpensesSubtotalAmt01242742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INCOME TAXES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01343848
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01242742
IRS990ScheduleD/TotalLiabilityAmt01327
IRS990ScheduleD/TotalRevenuePerForm990Amt01343848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01343848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01242742
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION HIRES (UNDER A COMPETITIVE BID PROCESS APPROVED BY THE BOARD OF DIRECTORS) THE SERVICES OF A PROFESSIONAL MANAGEMENT COMPANY WHICH MANAGES THE DAY TO DAY ADMINISTRATIVE DUTIES OF THE ORGANIZATION SUBJECT TO THE OVERSIGHT OF THE BOARD OF DIRECTORS. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS PER THE GOVERNING DOCUMENTS - RESIDENTS BECOME MEMBERS BY VIRTUE OF OWNING A UNIT IN THE COMMUNITY. THERE IS A TOTAL OF 1,196 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS HAVE VOTING RIGHTS ACCORDED TO THEM BY VIRTUE OF OWNING A UNIT IN THE COMMUNITY AS SPECIFIED IN THE ASSOCIATION'S GOVERNING DOCUMENTS. THE MEMBERS ELECT A BOARD OF DIRECTORS WHICH PROVIDES OVERSIGHT FOR THE ASSOCIATION BUSINESS AFFAIRS AS WELL AS SERVICES PROVIDED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION'S GOVERNING DOCUMENTS SPECIFY THE VARIOUS RESOLUTIONS REQUIRING MEMBERSHIP APPROVAL. MOST RESOLUTIONS REQUIRE ONLY BOARD OF DIRECTORS APPROVAL. THE ASSOCIATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASSOCIATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION HAS NO EMPLOYEES. THE ASSOCIATION DOES NOT COMPENSATE ITS OFFICERS OR BOARD OF DIRECTORS. NO POLICY OR PROCEDURE FOR COMPENSATION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ASSOCIATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF ITS MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ASSOCIATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF ITS MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS OF OVERSIGHT OF THE ASSOCIATION'S AUDIT PREPARATION AND APPROVAL HAS NOT CHANGED DURING THE CURRENT FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt03920207
IRS990/TotalAssetsGrp/BOYAmt03800690
IRS990/TotalAssetsGrp/EOYAmt03920207
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01294020
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01120323
IRS990/TotalFunctionalExpensesGrp/TotalAmt01242742
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0141958
IRS990/TotalLiabilitiesEOYAmt0160369
IRS990/TotalLiabilitiesGrp/BOYAmt0141958
IRS990/TotalLiabilitiesGrp/EOYAmt0160369
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03658732
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03759838
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt025686
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt025686
IRS990/TotalProgramServiceExpensesAmt01120323
IRS990/TotalProgramServiceRevenueAmt025686
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049828
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01343848
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03800690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03920207
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O SEABREEZE-39 ARGONAUT NO 100
IRS990/USAddress/CityNm0ALISO VIEJO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092656
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK CRONK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09498551800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORSTER RANCH MASTER ASSOCIATION 1
ReturnHeader/Filer/BusinessNameControlTxt0FORS
ReturnHeader/Filer/EIN0330239012
ReturnHeader/Filer/PhoneNum09498551800
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SEABREEZE-39 ARGONAUT NO 100
ReturnHeader/Filer/USAddress/CityNm0ALISO VIEJO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092656
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330382278
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INOUYE SHIVELY & KLATT CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023041 AVE DE LA CARLOTA STE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0926531531
ReturnHeader/PreparerPersonGrp/PhoneNum09495866640
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS E SHIVELY CPA
ReturnHeader/ReturnTs02017-03-09T18:25:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-05-01
ReturnHeader/TaxPeriodEndDt02016-04-30
ReturnHeader/TaxYr02015

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