Civic Intelligence

Montgomery County Education Association

990 • Fiscal year 2014 • EIN 52-0659775

Sep 01, 2013 to Aug 31, 2014 • Filed on Jun 04, 2015

12 Taft Court No 20020850

(301) 294-6232

Siviq Scores

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

Liabilities / Assets

96th percentile

0.78x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

1.64x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Net Margin

57th percentile

7.1%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$169,164

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Asset Growth

35th percentile

0.7%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$6,161,464

Up $45,332 (+0.7%) from 2013

Net Assets

Up

$1,379,721

Up $206,649 (+18%) from 2013

Liabilities

Down

$4,781,743

Down $161,317 (-3.3%) from 2013

Revenue

$2,919,506

No earlier filing loaded for comparison.

Expenses

Down

$2,712,857

Down $8,024 (-0.3%) from 2013

Net Income

$206,649

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.

$10M$5.0M$0Assets 2010: $6,959,970Liabilities 2010: $6,262,758Net Assets 2010: $697,2122010Assets 2011: $6,351,556Liabilities 2011: $5,546,010Net Assets 2011: $805,5462011Assets 2012: $6,204,947Liabilities 2012: $5,128,675Net Assets 2012: $1,076,2722012Assets 2013: $6,116,132Liabilities 2013: $4,943,060Net Assets 2013: $1,173,0722013Assets 2014: $6,161,464Liabilities 2014: $4,781,743Net Assets 2014: $1,379,7212014Assets 2015: $6,102,815Liabilities 2015: $4,379,068Net Assets 2015: $1,723,7472015Assets 2016: $6,206,900Liabilities 2016: $4,154,930Net Assets 2016: $2,051,9702016Assets 2017: $6,334,247Liabilities 2017: $3,801,976Net Assets 2017: $2,532,2712017Assets 2018: $6,685,781Liabilities 2018: $3,659,432Net Assets 2018: $3,026,3492018Assets 2019: $6,887,294Liabilities 2019: $3,500,587Net Assets 2019: $3,386,7072019Assets 2020: $6,726,213Liabilities 2020: $3,324,102Net Assets 2020: $3,402,1112020Assets 2021: $7,023,069Liabilities 2021: $3,414,375Net Assets 2021: $3,608,6942021Assets 2022: $8,415,398Liabilities 2022: $3,346,458Net Assets 2022: $5,068,9402022Assets 2023: $8,990,948Liabilities 2023: $3,386,447Net Assets 2023: $5,604,5012023Assets 2024: $9,402,794Liabilities 2024: $2,956,471Net Assets 2024: $6,446,3232024

Highlighted filing

2014

Assets$6,161,464
Liabilities$4,781,743
Net Assets$1,379,721

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $2,614,8452010Expenses 2011: $2,599,7032011Expenses 2012: $2,461,6582012Expenses 2013: $2,720,8812013Revenue 2014: $2,919,506Expenses 2014: $2,712,857Net Income 2014: $206,6492014Revenue 2015: $3,134,797Expenses 2015: $2,790,771Net Income 2015: $344,0262015Revenue 2016: $3,054,203Expenses 2016: $2,725,980Net Income 2016: $328,2232016Revenue 2017: $3,088,408Expenses 2017: $2,608,107Net Income 2017: $480,3012017Revenue 2018: $3,397,991Expenses 2018: $2,903,913Net Income 2018: $494,0782018Revenue 2019: $3,704,823Expenses 2019: $3,344,465Net Income 2019: $360,3582019Revenue 2020: $3,654,972Expenses 2020: $3,639,568Net Income 2020: $15,4042020Revenue 2021: $3,822,230Expenses 2021: $3,615,647Net Income 2021: $206,5832021Revenue 2022: $6,560,275Expenses 2022: $5,131,399Net Income 2022: $1,428,8762022Revenue 2023: $6,732,475Expenses 2023: $6,196,914Net Income 2023: $535,5612023Revenue 2024: $7,013,603Expenses 2024: $6,082,648Net Income 2024: $930,9552024

Highlighted filing

2014

Revenue$2,919,506
Expenses$2,712,857
Net Income$206,649
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jun 4, 2015
Return Version
2013v4.0
Gross Receipts
$3,344,710
Mission and Program Overview

Mission

To promote the general welfare and professional interest of the mcea members and improve the quality of education they provide to the students of mcps.

To promote the general welfare & professional interest of the educators in montgomery county, md.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,816,116$5,668,641▼ $147,475
Savings and Temporary Cash Investments$74,933$221,718▲ $146,785
Prepaid Expenses and Deferred Charges$41,034$134,258▲ $93,224
Accounts Receivable$31,445$61,119▲ $29,674
Pledges and Grants Receivable$105,206$40,059▼ $65,147
Cash and Non-Interest-Bearing Accounts$71$59▼ $12
Total Assets$6,116,132$6,161,464▲ $45,332
Other Assets Total$47,327$35,610▼ $11,717
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,605,813$4,313,830▼ $291,983
Accounts Payable and Accrued Expenses$325,420$402,539▲ $77,119
Deferred Revenue$11,827$65,374▲ $53,547
Total Liabilities$4,943,060$4,781,743▼ $161,317
Net Assets / Fund Balance
Unrestricted Net Assets$1,173,072$1,379,721▲ $206,649
Total Net Assets Fund Balance$1,173,072$1,379,721▲ $206,649
Total Liabilities and Net Assets / Fund Balance$6,116,132$6,161,464▲ $45,332

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,001,071$805,341$5,806,412
Land$583,411-$583,411
Other Land Buildings$82,123$457,362$539,485
Leasehold Improvements$2,036$837$2,873

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$862--$862-
2012$7,375--$6,513$862
2011$7,330-▲ $45-$7,375
2010$7,285-▲ $45-$7,330
2009$7,166-▲ $119-$7,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas IsraelExecutive DirectorFT$140,519$28,645$169,164
Jon GersonUniserv DirectorFT$115,406$35,529$150,935
Diana White-pettisDirector of OperationsFT$117,920$23,325$141,245

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,717,286
Investment Income
$490
Other Revenue
$201,730
Change in Net Assets
$206,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,919,506
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,919,506
Total Revenue per Form 990
$2,919,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,757,148
Other Expenses$955,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,000,524
Current Officers, Directors, Trustees, and Key Employees---$364,515
Other Employee Benefits---$186,572
Occupancy---$168,247
Depreciation Depletion---$165,304
Interest---$125,561
Pension Plan Contributions---$115,615
Office Expenses---$90,723
Payroll Taxes---$89,922
Fees for Services Other---$39,396
Fees for Services Accounting---$27,745
Information Technology---$17,250
Advertising---$12,409
Other Expenses---$11,716
All Other Expenses---$10,785
Insurance---$9,928
Conferences and Meetings---$9,666
Total Functional Expenses$0$0$0$2,712,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,712,857
Total Expenses per Audited Statements$2,712,857
Total Expenses per Form 990$2,712,857
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The membership of the association consists of non-supervisory, certificated personnel, substitute teachers, and home and hospital teachers.

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

The process on how officers and board members are elected is carried out in accordance to by-laws of the association and is as follows: the credentials and elections committee shall prepare an annual calendar of elections and develop guidelines for the nomination and election of officers, directors, representatives to the local assembly, members of the councils on teaching and learning, msta and nea assemblies, and the general council. Such guidelines shall be presented to the representative assembly for review and adoption no later than november. These guidelines include, but not limited to the following: a. Provisions for open nominations by individual members; b. Provisions for the distribution and the collection of nomination forms; c. Provisions for the publication of nominations in an official publication of the association; d. Provisions for secret ballot election by the membership; e. Provisions for the distribution, collection and tally of the ballots; f. Provision for the election of officers first, then the election of directors; g. Provision that the president, first vice-president, secretary, and treasurer be elected by a majority vote. One half of the director-at-large positions shall be elected each year. The candidates receiving the greatest number of votes shall be elected to the number of positions being filled.

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

The preliminary annual budget projections prepared by director of operations, executive director, and the board of directors are presented to the association's representative assembly for discussion at the ra may meeting and voted on for final approval at the ra's final meeting of the school year. The right to ratify the contract between mcea and mcps shall be by a vote of the active members.

Form 990, Part VI, Section B, Line 11

The form 990 will be reviewed by the executive director, director of operations and the president for accuracy. If no changes are needed, the external accounting firm that prepares the form 990 is notified. When the final copy is prepared, the president will sign it and then it is sent directly to the irs.

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

The executive directors salary is adjusted to maintain a 13% differential above the top of the members scale. Negotiated changes in the member's salary schedule are mirrored in the executive directors salary. The executive directors salary remains comparable to that of a high school principal with the montgomery county public schools.

Form 990, Part VI, Section C, Line 19

Our governing documents, policies, and financial statements are not made available to the general public. However, they are made available to members of our representative assembly for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

EIN
52-0659775
Phone
3012946232

Signing Officer

Name
Douglas Prouty
Title
President
Phone
3012946232
Signed
2015-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Prouty
Formed
1954
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
19
Volunteers
20

Preparer

Preparer
William E Turco CPA
Phone
3012963600
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Broome memorial fund - the corpus is permanently restricted and interest earned on this is temporarily restricted to award a cash stipend to an educator in the mcps system for published material.

PART X, LINE 2:

The association is exempt from income taxes under section 501(c)(5) of the internal revenue code (the code). The association is subject to taxation on net unrelated business income. During the tax years ended august 31, 2014 and 2013, the association had no net unrelated business income. The llc is a single-member llc, and as such, is a "disregarded entity" for federal income tax purposes pursuant to section 7701 of the code. The association adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the association's tax positions and concluded that the association had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Generally, the association is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2011.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17UNISERV DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03344710
IRS990/GrossRentsGrp/RealAmt0559975
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt017250
IRS990/InsuranceGrp/TotalAmt09928
IRS990/InterestGrp/TotalAmt0125561
IRS990/InvestmentIncomeGrp/ExclusionAmt0490
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0490
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01263540
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05816116
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05668641
IRS990/LandBldgEquipCostOrOtherBssAmt06932181
IRS990/LegalDomicileStateCd0MD
IRS990/LessRentalExpensesGrp/RealAmt0425204
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE GENERAL WELFARE AND PROFESSIONAL INTEREST OF THE MCEA MEMBERS AND IMPROVE THE QUALITY OF EDUCATION THEY PROVIDE TO THE STUDENTS OF MCPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04605813
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04313830
IRS990/NetAssetsOrFundBalancesBOYAmt01173072
IRS990/NetAssetsOrFundBalancesEOYAmt01379721
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0134771
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0134771
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0168247
IRS990/OfficeExpensesGrp/TotalAmt090723
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt047327
IRS990/OtherAssetsTotalGrp/EOYAmt035610
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186572
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP RELATIONS
IRS990/OtherExpensesGrp/Desc1REPRESENTATION
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3AMORTIZATION
IRS990/OtherExpensesGrp/TotalAmt0144484
IRS990/OtherExpensesGrp/TotalAmt1110155
IRS990/OtherExpensesGrp/TotalAmt212340
IRS990/OtherExpensesGrp/TotalAmt311716
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0659
IRS990/OtherRevenueTotalAmt0659
IRS990/OtherSalariesAndWagesGrp/TotalAmt01000524
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt089922
IRS990/PensionPlanContributionsGrp/TotalAmt0115615
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0105206
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040059
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041034
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0134258
IRS990/PrincipalOfficerNm0DOUGLAS PROUTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0DUES
IRS990/ProgramServiceRevenueGrp/Desc1UNISERV/NEA
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/ExclusionAmt02500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02294289
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1420497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02294289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1420497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22500
IRS990/ProgSrvcAccomActy2Grp/Desc0ADVOCATED FOR THE COLLECTIVE INTERESTS OF OUR MEMBERS WITH THE SCHOOL ADMINISTRATION AND THE SCHOOL BOARD, OVER ISSUES OF SCHOOL BUDGET, POLICIES, AND IMPLEMENTATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0NEGOTIATED A COLLECTIVE BARGAINING AGREEMENT PROVIDING IMPROVEMENTS IN BENEFITS AND WORKING CONDITIONS FOR OUR MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADVOCATED FOR THE INTERESTS OF IMPROVING OUR SCHOOLS WITH COUNTY AND STATE ELECTED OFFICIALS, THE PRESS, AND THE PUBLIC.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0740
IRS990/PYOtherExpensesAmt0869625
IRS990/PYOtherRevenueAmt0172830
IRS990/PYProgramServiceRevenueAmt02644111
IRS990/PYRevenuesLessExpensesAmt096800
IRS990/PYSalariesCompEmpBnftPaidAmt01851256
IRS990/PYTotalExpensesAmt02720881
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02817681
IRS990/ReconcilationRevenueExpnssAmt0206649
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0134771
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt066300
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt066300
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074933
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0221718
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05001071
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0805341
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05806412
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0862
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt06513
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt07330
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07375
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07285
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07330
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07166
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07285
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0119
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02712857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0583411
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0583411
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02036
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0837
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02873
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082123
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0457362
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0539485
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02919506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BROOME MEMORIAL FUND - THE CORPUS IS PERMANENTLY RESTRICTED AND INTEREST EARNED ON THIS IS TEMPORARILY RESTRICTED TO AWARD A CASH STIPEND TO AN EDUCATOR IN THE MCPS SYSTEM FOR PUBLISHED MATERIAL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (THE CODE). THE ASSOCIATION IS SUBJECT TO TAXATION ON NET UNRELATED BUSINESS INCOME. DURING THE TAX YEARS ENDED AUGUST 31, 2014 AND 2013, THE ASSOCIATION HAD NO NET UNRELATED BUSINESS INCOME. THE LLC IS A SINGLE-MEMBER LLC, AND AS SUCH, IS A "DISREGARDED ENTITY" FOR FEDERAL INCOME TAX PURPOSES PURSUANT TO SECTION 7701 OF THE CODE. THE ASSOCIATION ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05668641
IRS990ScheduleD/TotalExpensesPerForm990Amt02712857
IRS990ScheduleD/TotalRevenuePerForm990Amt02919506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02919506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02712857
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1115406
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt019251
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt115811
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09394
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt119718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS ISRAEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JON GERSON

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.40$2.96$6.45$7.01$6.08$0.93
2023Detailed filing. Detailed filing data is available for this year.$8.99$3.39$5.60$6.73$6.20$0.54
2022Detailed filing. Detailed filing data is available for this year.$8.42$3.35$5.07$6.56$5.13$1.43
2021Detailed filing. Detailed filing data is available for this year.$7.02$3.41$3.61$3.82$3.62$0.21
2020Detailed filing. Detailed filing data is available for this year.$6.73$3.32$3.40$3.65$3.64$0.02
2019Detailed filing. Detailed filing data is available for this year.$6.89$3.50$3.39$3.70$3.34$0.36
2018Detailed filing. Detailed filing data is available for this year.$6.69$3.66$3.03$3.40$2.90$0.49
2017Detailed filing. Detailed filing data is available for this year.$6.33$3.80$2.53$3.09$2.61$0.48
2016Detailed filing. Detailed filing data is available for this year.$6.21$4.15$2.05$3.05$2.73$0.33
2015Detailed filing. Detailed filing data is available for this year.$6.10$4.38$1.72$3.13$2.79$0.34
2014Detailed filing. Detailed filing data is available for this year.$6.16$4.78$1.38$2.92$2.71$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$4.94$1.17$2.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$5.13$1.08$2.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$5.55$0.81$2.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$6.26$0.70$2.61