Civic Intelligence

Bethany West Recreational Association Inc

990 • Fiscal year 2018 • EIN 51-0107972

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 06, 2019

PO Box 1142Bethany Beach, DE 19930

(302) 519-4501

Siviq Scores

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

Liabilities / Assets

35th percentile

0.10x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.42x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

1.2%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,580,329

Down $1,712 (-0.1%) from 2017

Net Assets

Up

$1,425,892

Up $14,346 (+1.0%) from 2017

Liabilities

Down

$154,437

Down $16,058 (-9.4%) from 2017

Revenue

Up

$371,131

Up $4,276 (+1.2%) from 2017

Expenses

Down

$356,786

Down $42,090 (-11%) from 2017

Net Income

Up

$14,345

Up $46,366 (+145%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,458,995Liabilities 2011: $108,095Net Assets 2011: $1,350,9002011Assets 2012: $1,345,722Liabilities 2012: $76,230Net Assets 2012: $1,269,4922012Assets 2013: $1,297,990Liabilities 2013: $0Net Assets 2013: $1,297,9902013Assets 2014: $1,487,509Liabilities 2014: $80,995Net Assets 2014: $1,406,5142014Assets 2015: $1,553,966Liabilities 2015: $94,208Net Assets 2015: $1,459,7582015Assets 2016: $1,584,477Liabilities 2016: $140,910Net Assets 2016: $1,443,5672016Assets 2017: $1,582,041Liabilities 2017: $170,495Net Assets 2017: $1,411,5462017Assets 2018: $1,580,329Liabilities 2018: $154,437Net Assets 2018: $1,425,8922018Assets 2019: $1,495,610Liabilities 2019: $99,750Net Assets 2019: $1,395,8602019Assets 2020: $1,531,787Liabilities 2020: $91,849Net Assets 2020: $1,439,9382020Assets 2021: $1,653,438Liabilities 2021: $606,057Net Assets 2021: $1,047,3812021Assets 2022: $1,534,876Liabilities 2022: $505,732Net Assets 2022: $1,029,1442022Assets 2023: $1,405,447Liabilities 2023: $436,693Net Assets 2023: $968,7542023Assets 2024: $1,351,991Liabilities 2024: $535,631Net Assets 2024: $816,3602024

Highlighted filing

2018

Assets$1,580,329
Liabilities$154,437
Net Assets$1,425,892

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $375,172Expenses 2011: $356,356Net Income 2011: $18,8162011Revenue 2012: $289,341Expenses 2012: $370,749Net Income 2012: -$81,4082012Revenue 2013: $364,179Expenses 2013: $335,681Net Income 2013: $28,4982013Revenue 2014: $424,589Expenses 2014: $316,065Net Income 2014: $108,5242014Revenue 2015: $374,583Expenses 2015: $314,981Net Income 2015: $59,6022015Revenue 2016: $378,175Expenses 2016: $347,663Net Income 2016: $30,5122016Revenue 2017: $366,855Expenses 2017: $398,876Net Income 2017: -$32,0212017Revenue 2018: $371,131Expenses 2018: $356,786Net Income 2018: $14,3452018Revenue 2019: $397,023Expenses 2019: $427,055Net Income 2019: -$30,0322019Revenue 2020: $380,926Expenses 2020: $336,848Net Income 2020: $44,0782020Revenue 2021: $553,058Expenses 2021: $368,346Net Income 2021: $184,7122021Revenue 2022: $402,140Expenses 2022: $480,302Net Income 2022: -$78,1622022Revenue 2023: $410,137Expenses 2023: $564,336Net Income 2023: -$154,1992023Revenue 2024: $431,998Expenses 2024: $502,772Net Income 2024: -$70,7742024

Highlighted filing

2018

Revenue$371,131
Expenses$356,786
Net Income$14,345
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 6, 2019
Return Version
2018v3.1
Gross Receipts
$371,131
Mission and Program Overview

Mission

Operations and maintenance of recreational facilities and common interest real estate in the subdivision of bethany west.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,204,974$1,204,974→ $0
Land, Buildings, and Equipment, Net$877,030$824,191▼ $52,839
Savings and Temporary Cash Investments$504,103$578,146▲ $74,043
Rtn Earn Endowment Incm Other Fnds$206,572$220,918▲ $14,346
Cash and Non-Interest-Bearing Accounts$198,489$173,142▼ $25,347
Prepaid Expenses and Deferred Charges$1,773$3,942▲ $2,169
Accounts Receivable$646$908▲ $262
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,582,041$1,580,329▼ $1,712
Liabilities
Deferred Revenue$170,495$150,087▼ $20,408
Accounts Payable and Accrued Expenses-$4,350-
Total Liabilities$170,495$154,437▼ $16,058
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,411,546$1,425,892▲ $14,346
Total Liabilities and Net Assets / Fund Balance$1,582,041$1,580,329▼ $1,712

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$338,536$594,385$932,921
Buildings$368,037$496,850$864,887
Equipment$9,666$98,378$108,044
Land$107,952-$107,952
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike GrantPresident
Ed AppelVice President
Claude DavisMember-at-large
Maury ByrneMember-at-large
Norman KnopfMember-at-large
Ray TilchMember-at-large
Wayne MillerMember-at-large
Jerry DorfmanSecretary
Ron BrousseauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$367,787
Investment Income
$3,344
Other Revenue
$0
Change in Net Assets
$14,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,131
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$371,131
Total Revenue per Form 990
$371,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,661
Salaries, Compensation, and Employee Benefits$27,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$69,680--$69,680
Depreciation Depletion$52,839--$52,839
Other Salaries and Wages$22,461--$22,461
All Other Expenses$21,926--$21,926
Other Expenses$15,084--$15,084
Insurance$11,950--$11,950
Office Expenses$7,256--$7,256
Payroll Taxes$4,664--$4,664
Fees for Services Legal$2,948--$2,948
Fees for Services Accounting$1,500--$1,500
Information Technology$571--$571
Conferences and Meetings$416--$416
Total Functional Expenses$356,786$0$0$356,786

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$356,786
Total Expenses per Audited Statements$356,786
Total Expenses per Form 990$356,786
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
Subject to proxy tax
No
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
No
Other officer compensation reviewed
No
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

The association engaged solutions property management to manage day to day operations.

Form 990, Part VI, Section A, Line 6

Membership consists of the owners of lots in bethany west, bethany beach, delaware.

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

The board of directors are elected at the annual membership meeting by majority vote. Each property is entitled to one vote. The board of directors elect a president, vice president, secretary and treasurer.

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

As stated in the by-laws of the association, the following actions are subject to approval by members: establish, revise or amend the operating rules and regulations, establish or amend by-laws, and acquire, sell, improve or mortgage any interest in real property.

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

President and/or treasurer reviews the 990 before submitting

Form 990, Part VI, Section C, Line 19

These documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Bethany West Recreational
EIN
51-0107972
Phone
3025194501
Address
PO BOX 1142, BETHANY BEACH, DE 19930

Signing Officer

Name
Mike Grant
Title
President
Phone
3025194501
Signed
2019-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Grant
Formed
1967
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
0

Preparer

Firm
Pks & Company Pa
Address
1801 SWEETBAY DRIVE, SALISBURY, MD 21804
Preparer
E Lee Mccabe CPA Cva
Phone
4105465600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 1.

Raw XML Appendix390 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/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0367787
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0206572
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0220918
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0504103
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0578146
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0368037
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0496850
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0864887
IRS990ScheduleD/EquipmentGrp/BookValueAmt09666
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098378
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108044
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0356786
IRS990ScheduleD/LandGrp/BookValueAmt0107952
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0107952
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0338536
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0594385
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0932921
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0371131
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0824191
IRS990ScheduleD/TotalExpensesPerForm990Amt0356786
IRS990ScheduleD/TotalRevenuePerForm990Amt0371131
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0371131
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0356786
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION ENGAGED SOLUTIONS PROPERTY MANAGEMENT TO MANAGE DAY TO DAY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP CONSISTS OF THE OWNERS OF LOTS IN BETHANY WEST, BETHANY BEACH, DELAWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEMBERSHIP MEETING BY MAJORITY VOTE. EACH PROPERTY IS ENTITLED TO ONE VOTE. THE BOARD OF DIRECTORS ELECT A PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS STATED IN THE BY-LAWS OF THE ASSOCIATION, THE FOLLOWING ACTIONS ARE SUBJECT TO APPROVAL BY MEMBERS: ESTABLISH, REVISE OR AMEND THE OPERATING RULES AND REGULATIONS, ESTABLISH OR AMEND BY-LAWS, AND ACQUIRE, SELL, IMPROVE OR MORTGAGE ANY INTEREST IN REAL PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT AND/OR TREASURER REVIEWS THE 990 BEFORE SUBMITTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 1.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01582041
IRS990/TotalAssetsEOYAmt01580329
IRS990/TotalAssetsGrp/BOYAmt01582041
IRS990/TotalAssetsGrp/EOYAmt01580329
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0356786
IRS990/TotalFunctionalExpensesGrp/TotalAmt0356786
IRS990/TotalGrossUBIAmt03344
IRS990/TotalLiabilitiesBOYAmt0170495
IRS990/TotalLiabilitiesEOYAmt0154437
IRS990/TotalLiabilitiesGrp/BOYAmt0170495
IRS990/TotalLiabilitiesGrp/EOYAmt0154437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01411546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01425892
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0356786
IRS990/TotalProgramServiceRevenueAmt0367787
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0367787
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0371131
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03344
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01582041
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01580329
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0692 FENWOOD COURT
IRS990/USAddress/CityNm0BETHANY BEACH
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019930
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTP://WWW.BETHANYWEST.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE GRANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03025194501
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETHANY WEST RECREATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BETH
ReturnHeader/Filer/EIN0510107972
ReturnHeader/Filer/PhoneNum03025194501
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1142
ReturnHeader/Filer/USAddress/CityNm0BETHANY BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019930
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04A3BAC6500CABB8E61BD9BBFEF0A38999B9BA1C7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FA0638373EF953EE43696806DB5F8B2FAC41C639
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.200.59.38
ReturnHeader/FilingSecurityInformation/IPDt02019-02-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:07:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521224986
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKS & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01801 SWEETBAY DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021804
ReturnHeader/PreparerPersonGrp/PhoneNum04105465600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0E LEE MCCABE CPA CVA
ReturnHeader/ReturnTs02019-03-01T09:01:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.54$0.82$0.43$0.50$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.44$0.97$0.41$0.56$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.51$1.03$0.40$0.48$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.65$0.61$1.05$0.55$0.37$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.53$0.09$1.44$0.38$0.34$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.10$1.40$0.40$0.43$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.15$1.43$0.37$0.36$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.17$1.41$0.37$0.40$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.58$0.14$1.44$0.38$0.35$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.09$1.46$0.37$0.31$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.49$0.08$1.41$0.42$0.32$0.11
2013Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.36$0.34$0.03
2012Summary only. Only limited summary data is available for this year.$1.35$0.08$1.27$0.29$0.37$0.08
2011Summary only. Only limited summary data is available for this year.$1.46$0.11$1.35$0.38$0.36$0.02