Civic Intelligence

Sunset Cay Social Club

EIN 47-2295552 • 501(c)7 • Charleston, SC

Profile

The purpose of the organization is to provide a private club for its members. The specific puropose shall be a social club as a meeting place where the private members can hold meetings & gather to promote safe boating practices & interest in sailing & boating.

Psg 125D Wappoo Creek Drive Suite 1Charleston, SC 29412
Siviq Scores

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

Liabilities / Assets

94th percentile

0.77x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$11,027

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

97th percentile

191%

Faster asset growth than 97% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

-5.3%

Faster revenue growth than 37% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,485

Up $4,255 (+191%) from 2023

Liabilities

Down

$4,969

Down $391 (-7.3%) from 2023

Net Assets

Up

$1,516

Up $4,646 (+148%) from 2023

Revenue

Down

$209,233

Down $11,687 (-5.3%) from 2023

Expenses

Down

$199,586

Down $29,732 (-13%) from 2023

Net Income

Up

$9,647

Up $18,045 (+215%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20K$10K$0-$10KAssets 2016: $12,147Liabilities 2016: $18,5472016Assets 2017: $4,609Liabilities 2017: $8,9492017Assets 2018: $10,153Liabilities 2018: $5,9332018Assets 2020: $13,171Liabilities 2020: $5,136Net Assets 2020: $8,0352020Assets 2021: $10,714Liabilities 2021: $5,409Net Assets 2021: $5,3052021Assets 2022: $10,266Liabilities 2022: $5,408Net Assets 2022: $4,8582022Assets 2023: $2,230Liabilities 2023: $5,360Net Assets 2023: -$3,1302023Assets 2024: $6,485Liabilities 2024: $4,969Net Assets 2024: $1,5162024

Highlighted filing

2024

Assets$6,485
Liabilities$4,969
Net Assets$1,516

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $59,103Expenses 2016: $46,393Net Income 2016: $12,7102016Revenue 2017: $55,218Expenses 2017: $53,158Net Income 2017: $2,0602017Revenue 2018: $56,179Expenses 2018: $47,620Net Income 2018: $8,5592018Revenue 2020: $27,336Expenses 2020: $15,972Net Income 2020: $11,3642020Revenue 2021: $40,473Expenses 2021: $43,203Net Income 2021: -$2,7302021Revenue 2022: $216,255Expenses 2022: $216,702Net Income 2022: -$4472022Revenue 2023: $220,920Expenses 2023: $229,318Net Income 2023: -$8,3982023Revenue 2024: $209,233Expenses 2024: $199,586Net Income 2024: $9,6472024

Highlighted filing

2024

Revenue$209,233
Expenses$199,586
Net Income$9,647

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.2
Gross Receipts
$209,233
Mission and Program Overview

Mission

PLEASE SEE SCHEDULE O

The purpose of the organization is to provide a private club for its members. The specific puropose shall be a social club as a meeting place where the private members can hold meetings & gather to promote safe boating practices & interest in sailing & boating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,230$6,485▲ $4,255
Rtn Earn Endowment Incm Other Fnds$-3,130$1,516▲ $4,646
Total Assets$2,230$6,485▲ $4,255
Liabilities
Other Liabilities$4,379$3,883▼ $496
Accounts Payable and Accrued Expenses$981$1,086▲ $105
Total Liabilities$5,360$4,969▼ $391
Net Assets / Fund Balance
Total Net Assets Fund Balance$-3,130$1,516▲ $4,646
Total Liabilities and Net Assets / Fund Balance$2,230$6,485▲ $4,255
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ethan FryeDirectorPT$11,027$11,027
Janice ToolanOfficerPT$5,525$5,525
John OliverDirectorPT$500$500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$209,233
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$9,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,186
Salaries, Compensation, and Employee Benefits$8,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$51,636--$51,636
Occupancy$39,724$4,414-$44,138
Current Officers, Directors, Trustees, and Key Employees$6,720$1,680-$8,400
All Other Expenses$4,940--$4,940
Conferences and Meetings-$3,389-$3,389
Other Expenses$2,037--$2,037
Insurance$1,992--$1,992
Advertising$150--$150
Office Expenses-$142-$142
Total Functional Expenses$189,961$9,625$0$199,586
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
Start Up Funding Loan$3,883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
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

Governing body meeting documentation Part VI line 8A

A non-profit governing body, often referred to as a board of directors or board of trustees, plays a crucial role in the oversight, decision-making, and strategic direction of a non-profit organization. Here is a description of the key aspects and functions of sunset cay social club: composition: the governing body is typically composed of individuals who are committed to the mission and goals of the non-profit organization. Board members may include volunteers, community leaders, experts in relevant fields, and individuals with diverse backgrounds. They also have a fiduciary duty to safeguard the organizations assets and resources. Strategic planning: the board is responsible for setting the overall strategic direction of the non-profit. This involves reviewing and approving the organizations mission, vision, and strategic goals. Boards may also be involved in long-term planning and assessing the organizations impact. Policy development: the governing body establishes policies and guidelines that guide the organizations operations. This includes financial policies, ethical guidelines, and operational protocols. Boards may also be involved in developing risk management hiring and oversight of leadership: the board hires, evaluates, and, if necessary, dismisses the organizations executive leadership (such as the executive director or ceo). Board members provide oversight to ensure that the organization is effectively and ethically managed. Financial oversight: board members are responsible for ensuring the financial health and sustainability of the organization. This includes approving budgets, reviewing financial reports, and ensuring appropriate financial controls are in place. Fundraising and resource development: boards often play a role in fundraising and resource community and stakeholder relations: board members serve as ambassadors for the organization, representing it to the community, stakeholders, and the public. They may be involved in building partnerships, advocating for the organization, and enhancing its public image. Evaluation and accountability: the board monitors the organizations performance against its goals and objectives. Regular evaluations of programs and services help ensure accountability and effectiveness. Conflict of interest management: board members are expected to disclose and manage any

Form 990 governing body review Part VI line 11

A draft copy was sent to the appointed signor of the form 990 prior to submission for review and approval.

Governing documents etc available to public Part VI line 19

All pertinent documents will be made available upon request.

Filing and Contact Details

Filer

Filer Name
Sunset Cay Social Club
EIN
47-2295552
In Care Of
% ETHAN FRYE
Address
PSG 125D WAPPOO CREEK DRIVE SUITE 1, CHARLESTON, SC 29412

Signing Officer

Name
Ethan Frye Director
Title
Director
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
10

Preparer

Firm
Professional Services Group Ltd
Address
125 WAPPOO CREEK DR SUITE D1, CHARLESTON, SC 29412
Preparer
Robert L Berman
Phone
8437959751
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

$44,326 - BAR TIPS

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A NON-PROFIT GOVERNING BODY, OFTEN REFERRED TO AS A BOARD OF DIRECTORS OR BOARD OF TRUSTEES, PLAYS A CRUCIAL ROLE IN THE OVERSIGHT, DECISION-MAKING, AND STRATEGIC DIRECTION OF A NON-PROFIT ORGANIZATION. HERE IS A DESCRIPTION OF THE KEY ASPECTS AND FUNCTIONS OF SUNSET CAY SOCIAL CLUB: COMPOSITION: THE GOVERNING BODY IS TYPICALLY COMPOSED OF INDIVIDUALS WHO ARE COMMITTED TO THE MISSION AND GOALS OF THE NON-PROFIT ORGANIZATION. BOARD MEMBERS MAY INCLUDE VOLUNTEERS, COMMUNITY LEADERS, EXPERTS IN RELEVANT FIELDS, AND INDIVIDUALS WITH DIVERSE BACKGROUNDS. THEY ALSO HAVE A FIDUCIARY DUTY TO SAFEGUARD THE ORGANIZATIONS ASSETS AND RESOURCES. STRATEGIC PLANNING: THE BOARD IS RESPONSIBLE FOR SETTING THE OVERALL STRATEGIC DIRECTION OF THE NON-PROFIT. THIS INVOLVES REVIEWING AND APPROVING THE ORGANIZATIONS MISSION, VISION, AND STRATEGIC GOALS. BOARDS MAY ALSO BE INVOLVED IN LONG-TERM PLANNING AND ASSESSING THE ORGANIZATIONS IMPACT. POLICY DEVELOPMENT: THE GOVERNING BODY ESTABLISHES POLICIES AND GUIDELINES THAT GUIDE THE ORGANIZATIONS OPERATIONS. THIS INCLUDES FINANCIAL POLICIES, ETHICAL GUIDELINES, AND OPERATIONAL PROTOCOLS. BOARDS MAY ALSO BE INVOLVED IN DEVELOPING RISK MANAGEMENT HIRING AND OVERSIGHT OF LEADERSHIP: THE BOARD HIRES, EVALUATES, AND, IF NECESSARY, DISMISSES THE ORGANIZATIONS EXECUTIVE LEADERSHIP (SUCH AS THE EXECUTIVE DIRECTOR OR CEO). BOARD MEMBERS PROVIDE OVERSIGHT TO ENSURE THAT THE ORGANIZATION IS EFFECTIVELY AND ETHICALLY MANAGED. FINANCIAL OVERSIGHT: BOARD MEMBERS ARE RESPONSIBLE FOR ENSURING THE FINANCIAL HEALTH AND SUSTAINABILITY OF THE ORGANIZATION. THIS INCLUDES APPROVING BUDGETS, REVIEWING FINANCIAL REPORTS, AND ENSURING APPROPRIATE FINANCIAL CONTROLS ARE IN PLACE. FUNDRAISING AND RESOURCE DEVELOPMENT: BOARDS OFTEN PLAY A ROLE IN FUNDRAISING AND RESOURCE COMMUNITY AND STAKEHOLDER RELATIONS: BOARD MEMBERS SERVE AS AMBASSADORS FOR THE ORGANIZATION, REPRESENTING IT TO THE COMMUNITY, STAKEHOLDERS, AND THE PUBLIC. THEY MAY BE INVOLVED IN BUILDING PARTNERSHIPS, ADVOCATING FOR THE ORGANIZATION, AND ENHANCING ITS PUBLIC IMAGE. EVALUATION AND ACCOUNTABILITY: THE BOARD MONITORS THE ORGANIZATIONS PERFORMANCE AGAINST ITS GOALS AND OBJECTIVES. REGULAR EVALUATIONS OF PROGRAMS AND SERVICES HELP ENSURE ACCOUNTABILITY AND EFFECTIVENESS. CONFLICT OF INTEREST MANAGEMENT: BOARD MEMBERS ARE EXPECTED TO DISCLOSE AND MANAGE ANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY WAS SENT TO THE APPOINTED SIGNOR OF THE FORM 990 PRIOR TO SUBMISSION FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PERTINENT DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3$44,326 - BAR TIPS
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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ReturnHeader/BusinessOfficerGrp/PersonNm0ETHAN FRYE DIRECTOR
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L BERMAN
ReturnHeader/ReturnTs02025-12-15T18:34:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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