Civic Intelligence

Assateague Coastal Trust Inc.

990 • Fiscal year 2016 • EIN 52-1250849

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

9842 Main StBerlin, MD 21811

(410) 629-1538

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

31st percentile

-8.4%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-10%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$293,324

Down $26,854 (-8.4%) from 2015

Net Assets

Down

$285,934

Down $27,485 (-8.8%) from 2015

Liabilities

Up

$7,390

Up $631 (+9.3%) from 2015

Revenue

Down

$233,254

Down $26,768 (-10%) from 2015

Expenses

Up

$275,348

Up $11,082 (+4.2%) from 2015

Net Income

Down

-$42,094

Down $37,850 (-892%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $261,464Liabilities 2011: $5,133Net Assets 2011: $256,3312011Assets 2012: $270,768Liabilities 2012: $865Net Assets 2012: $269,9032012Assets 2013: $296,800Liabilities 2013: $7,243Net Assets 2013: $289,5572013Assets 2014: $324,440Liabilities 2014: $2,032Net Assets 2014: $322,4082014Assets 2015: $320,178Liabilities 2015: $6,759Net Assets 2015: $313,4192015Assets 2016: $293,324Liabilities 2016: $7,390Net Assets 2016: $285,9342016Assets 2017: $309,891Liabilities 2017: $10,164Net Assets 2017: $299,7272017Assets 2018: $283,183Liabilities 2018: $8,688Net Assets 2018: $274,4952018Assets 2019: $887,293Liabilities 2019: $600,707Net Assets 2019: $286,5862019Assets 2020: $906,271Liabilities 2020: $547,135Net Assets 2020: $359,1362020Assets 2021: $725,149Liabilities 2021: $235,895Net Assets 2021: $489,2542021Assets 2022: $497,257Liabilities 2022: $91,117Net Assets 2022: $406,1402022Assets 2023: $396,518Liabilities 2023: $7,645Net Assets 2023: $388,8732023Assets 2024: $242,715Liabilities 2024: $7,383Net Assets 2024: $235,3322024

Highlighted filing

2016

Assets$293,324
Liabilities$7,390
Net Assets$285,934

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $192,825Expenses 2011: $279,975Net Income 2011: -$87,1502011Revenue 2012: $314,408Expenses 2012: $310,162Net Income 2012: $4,2462012Revenue 2013: $262,522Expenses 2013: $242,871Net Income 2013: $19,6512013Revenue 2014: $266,679Expenses 2014: $233,828Net Income 2014: $32,8512014Revenue 2015: $260,022Expenses 2015: $264,266Net Income 2015: -$4,2442015Revenue 2016: $233,254Expenses 2016: $275,348Net Income 2016: -$42,0942016Revenue 2017: $321,552Expenses 2017: $307,759Net Income 2017: $13,7932017Revenue 2018: $280,812Expenses 2018: $291,182Net Income 2018: -$10,3702018Revenue 2019: $359,424Expenses 2019: $342,701Net Income 2019: $16,7232019Revenue 2020: $395,095Expenses 2020: $322,545Net Income 2020: $72,5502020Revenue 2021: $499,648Expenses 2021: $369,530Net Income 2021: $130,1182021Revenue 2022: $457,580Expenses 2022: $407,225Net Income 2022: $50,3552022Revenue 2023: $229,239Expenses 2023: $345,868Net Income 2023: -$116,6292023Revenue 2024: $148,058Expenses 2024: $301,599Net Income 2024: -$153,5412024

Highlighted filing

2016

Revenue$233,254
Expenses$275,348
Net Income-$42,094
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$233,254
Mission and Program Overview

Mission

To preserve assateague island and living resources of the coastal bays

To preserve assateague island and living resources of the coastal bays.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$163,015$122,630▼ $40,385
Inventories for Sale or Use$8,246$7,716▼ $530
Accounts Receivable$6,515$5,719▼ $796
Prepaid Expenses and Deferred Charges$3,028$5,433▲ $2,405
Land, Buildings, and Equipment, Net$2,039$1,298▼ $741
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$320,178$293,324▼ $26,854
Other Assets Total$137,335$150,528▲ $13,193
Liabilities
Accounts Payable and Accrued Expenses$6,759$7,389▲ $630
Other Liabilities-$1-
Total Liabilities$6,759$7,390▲ $631
Net Assets / Fund Balance
Unrestricted Net Assets$233,462$198,804▼ $34,658
Temporarily Rstr Net Assets$79,957$87,130▲ $7,173
Total Net Assets Fund Balance$313,419$285,934▼ $27,485
Total Liabilities and Net Assets / Fund Balance$320,178$293,324▼ $26,854

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,298$21,415-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$137,335-▲ $14,608-$150,528
2015$143,511-▼ $4,745-$137,335
2014$90,623$50,000▲ $3,818-$143,511
2013$76,163-▲ $15,287-$90,623
2012$67,561-▲ $9,325-$76,163
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ken WolfPresident
Jeff RoyerVice President
Bill NelsonDirector
Dr Madhumi MitraDirector
Holiday JohnsonDirector
Keith CampbellDirector
Keota SilaphoneDirector
Richard NiemanDirector
Roger LemasterDirector
Tom SimonDirector
Tom SimonSecretary
Harry YeichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,180
Program Service Revenue
$3,321
Investment Income
$604
Other Revenue
$9,149
All Other Contributions
$205,302
Change in Net Assets
$-42,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$165,517
Other Expenses$109,831
Total Fundraising Expense$35,148
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,911$18,992$24,482$150,385
Payroll Taxes$10,758$1,911$2,463$15,132
All Other Expenses$11,500$3,048$459$15,007
Occupancy$7,735$5,310$1,105$14,150
Travel$8,401--$8,401
Information Technology$5,881$1,589$324$7,794
Other Expenses$6,695$24$36$6,755
Fees for Services Legal$5,518$225-$5,743
Fees for Services Accounting$3,815$1,090$545$5,450
Insurance$3,689$1,043$423$5,155
Advertising$3,740$10$203$3,953
Office Expenses$851$1,568$109$2,528
Conferences and Meetings$1,361$312-$1,673
Depreciation Depletion$361$381-$742
Total Functional Expenses$199,328$40,872$35,148$275,348
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

The form 990 is reviewed by the treasurer and select members of the board prior to it being signed. Necessary changes are made prior to it being signed and submitted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Employees and board members are required to disclose any real or apparent conflicts of interest in a annual disclosure statement which they are required to sign.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviews and approves the compensation of all employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are available to the public at the organization's office.

Filing and Contact Details

Filer

Filer Name
Assateague Coastal Trust Inc
EIN
52-1250849
Phone
4106291538
Address
9842 Main St, BERLIN, MD 21811

Signing Officer

Name
Kathy Phillips
Title
Executive Director
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
12
Employees
4

Preparer

Firm
William a Russ CPA Pc
Address
2316 Tucker LN, Gwynn Oak, MD 21207
Preparer
William Russ
Phone
4102459216
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

FUTURE RESERVES

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021415
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02039
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01298
IRS990/LandBldgEquipCostOrOtherBssAmt022713
IRS990/LegalDomicileStateCd0MD
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt01020
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PRESERVE ASSATEAGUE ISLAND AND LIVING RESOURCES OF THE COASTAL BAYS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0313419
IRS990/NetAssetsOrFundBalancesEOYAmt0285934
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02800
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02800
IRS990/NetUnrlzdGainsLossesInvstAmt014608
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01105
IRS990/OccupancyGrp/ManagementAndGeneralAmt05310
IRS990/OccupancyGrp/ProgramServicesAmt07735
IRS990/OccupancyGrp/TotalAmt014150
IRS990/OfficeExpensesGrp/FundraisingAmt0109
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01568
IRS990/OfficeExpensesGrp/ProgramServicesAmt0851
IRS990/OfficeExpensesGrp/TotalAmt02528
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0137335
IRS990/OtherAssetsTotalGrp/EOYAmt0150528
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SUBCONTRACTOR
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt04386
IRS990/OtherExpensesGrp/FundraisingAmt1613
IRS990/OtherExpensesGrp/FundraisingAmt236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01133
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12386
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21850
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt324
IRS990/OtherExpensesGrp/ProgramServicesAmt012725
IRS990/OtherExpensesGrp/ProgramServicesAmt14229
IRS990/OtherExpensesGrp/ProgramServicesAmt25158
IRS990/OtherExpensesGrp/ProgramServicesAmt36695
IRS990/OtherExpensesGrp/TotalAmt018244
IRS990/OtherExpensesGrp/TotalAmt17228
IRS990/OtherExpensesGrp/TotalAmt27008
IRS990/OtherExpensesGrp/TotalAmt36755
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueMiscGrp/Desc0MERCHANDISE SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06349
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06349
IRS990/OtherRevenueTotalAmt06349
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024482
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018992
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0106911
IRS990/OtherSalariesAndWagesGrp/TotalAmt0150385
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02463
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01911
IRS990/PayrollTaxesGrp/ProgramServicesAmt010758
IRS990/PayrollTaxesGrp/TotalAmt015132
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03028
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05433
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03321
IRS990/ProgSrvcAccomActy2Grp/Desc0ALL OTHER PROGRAMS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053938
IRS990/ProgSrvcAccomActy3Grp/Desc0COAST KIDS - PLEASE SEE ATTACHED STATEMENT ON PROGRAM SERVICE ACCOMPLISHMENTS FOR 2016.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029301
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0244187
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01312
IRS990/PYInvestmentIncomeAmt0774
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0106155
IRS990/PYProgramServiceRevenueAmt015061
IRS990/PYRevenuesLessExpensesAmt0-4244
IRS990/PYSalariesCompEmpBnftPaidAmt0156799
IRS990/PYTotalExpensesAmt0264266
IRS990/PYTotalRevenueAmt0260022
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-42094
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02800
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0225900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0244187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0239935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0291506
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01232693
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01774
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013845
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98890
IRS990ScheduleA/PublicSupportTotal170Amt01232693
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0225900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0244187
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0239935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0231165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0291506
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01232693
IRS990ScheduleA/TotalSupportAmt01246538
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.43$0.07$2.35$1.48$3.02$1.54
2023Detailed filing. Detailed filing data is available for this year.$3.97$0.08$3.89$2.29$3.46$1.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.91$4.06$4.58$4.07$0.50
2021Detailed filing. Detailed filing data is available for this year.$7.25$2.36$4.89$5.00$3.70$1.30
2020Detailed filing. Detailed filing data is available for this year.$9.06$5.47$3.59$3.95$3.23$0.73
2019Detailed filing. Detailed filing data is available for this year.$8.87$6.01$2.87$3.59$3.43$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.83$0.09$2.74$2.81$2.91$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.10$0.10$3.00$3.22$3.08$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.93$0.07$2.86$2.33$2.75$0.42
2015Detailed filing. Detailed filing data is available for this year.$3.20$0.07$3.13$2.60$2.64$0.04
2014Summary only. Only limited summary data is available for this year.$3.24$0.02$3.22$2.67$2.34$0.33
2013Summary only. Only limited summary data is available for this year.$2.97$0.07$2.90$2.63$2.43$0.20
2012Summary only. Only limited summary data is available for this year.$2.71$0.01$2.70$3.14$3.10$0.04
2011Summary only. Only limited summary data is available for this year.$2.61$0.05$2.56$1.93$2.80$0.87