Civic Intelligence

Abyc Foundation Inc.

990 • Fiscal year 2016 • EIN 52-1596605

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 11, 2017

Organization ProfileWWW.ABYCINC.ORG
613 Third Street 10Annapolis, MD 21403

(410) 990-4460

Siviq Scores

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

Liabilities / Assets

71st percentile

0.33x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

4.53x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

87th percentile

32%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$138,375

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 74.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

51st percentile

1.4%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$2,565,716

Up $36,318 (+1.4%) from 2015

Net Assets

Up

$1,722,125

Up $61,972 (+3.7%) from 2015

Liabilities

Down

$843,591

Down $25,654 (-3.0%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin87th percentile

Revenue

Up

$186,151

Up $53,210 (+40%) from 2015

Expenses

Up

$125,697

Up $926 (+0.7%) from 2015

Net Income

Up

$60,454

Up $52,284 (+640%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,872,273Liabilities 2010: $1,186,455Net Assets 2010: $1,685,8182010Assets 2011: $2,754,406Liabilities 2011: $1,089,670Net Assets 2011: $1,664,7362011Assets 2012: $2,678,044Liabilities 2012: $1,034,861Net Assets 2012: $1,643,1832012Assets 2013: $2,556,600Liabilities 2013: $965,776Net Assets 2013: $1,590,8242013Assets 2014: $2,578,695Liabilities 2014: $948,089Net Assets 2014: $1,630,6062014Assets 2015: $2,529,398Liabilities 2015: $869,245Net Assets 2015: $1,660,1532015Assets 2016: $2,565,716Liabilities 2016: $843,591Net Assets 2016: $1,722,1252016Assets 2017: $2,424,673Liabilities 2017: $765,735Net Assets 2017: $1,658,9382017Assets 2018: $2,386,107Liabilities 2018: $815,355Net Assets 2018: $1,570,7522018Assets 2019: $2,259,170Liabilities 2019: $787,933Net Assets 2019: $1,471,2372019Assets 2020: $2,112,010Liabilities 2020: $737,553Net Assets 2020: $1,374,4572020Assets 2021: $2,033,845Liabilities 2021: $749,419Net Assets 2021: $1,284,4262021Assets 2022: $1,947,275Liabilities 2022: $400,204Net Assets 2022: $1,547,0712022

Highlighted filing

2016

Assets$2,565,716
Liabilities$843,591
Net Assets$1,722,125
Open 2016 Filing

Operations Trend

Revenue Growth86th percentile

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

$400K$200K$0-$200KRevenue 2010: $130,553Expenses 2010: $276,516Net Income 2010: -$145,9632010Revenue 2011: $123,171Expenses 2011: $143,765Net Income 2011: -$20,5942011Revenue 2012: $78,314Expenses 2012: $99,867Net Income 2012: -$21,5532012Revenue 2013: $49,266Expenses 2013: $100,059Net Income 2013: -$50,7932013Revenue 2014: $119,201Expenses 2014: $79,419Net Income 2014: $39,7822014Revenue 2015: $132,941Expenses 2015: $124,771Net Income 2015: $8,1702015Revenue 2016: $186,151Expenses 2016: $125,697Net Income 2016: $60,4542016Revenue 2017: $23,797Expenses 2017: $86,454Net Income 2017: -$62,6572017Revenue 2018: $42,716Expenses 2018: $131,492Net Income 2018: -$88,7762018Revenue 2019: $37,995Expenses 2019: $137,748Net Income 2019: -$99,7532019Revenue 2020: $57,648Expenses 2020: $150,945Net Income 2020: -$93,2972020Revenue 2021: $66,126Expenses 2021: $155,156Net Income 2021: -$89,0302021Revenue 2022: $372,002Expenses 2022: $109,357Net Income 2022: $262,6452022

Highlighted filing

2016

Revenue$186,151
Expenses$125,697
Net Income$60,454
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 11, 2017
Return Version
2015v3.0
Gross Receipts
$302,474
Mission and Program Overview

Mission

To support the american boat & yacht council, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,369,820$2,292,696▼ $77,124
Cash and Non-Interest-Bearing Accounts$134,805$211,293▲ $76,488
Savings and Temporary Cash Investments-$50,329-
Prepaid Expenses and Deferred Charges$20,960$5,447▼ $15,513
Investments in Publicly Traded Securities$3,813$5,331▲ $1,518
Accounts Receivable-$620-
Total Assets$2,529,398$2,565,716▲ $36,318
Liabilities
Mortgage Notes Payable Secured by Investment Property$826,452$754,957▼ $71,495
Other Liabilities$42,793$83,259▲ $40,466
Accounts Payable and Accrued Expenses-$5,375-
Total Liabilities$869,245$843,591▼ $25,654
Net Assets / Fund Balance
Unrestricted Net Assets$1,655,653$1,676,626▲ $20,973
Temporarily Rstr Net Assets$4,500$45,499▲ $40,999
Total Net Assets Fund Balance$1,660,153$1,722,125▲ $61,972
Total Liabilities and Net Assets / Fund Balance$2,529,398$2,565,716▲ $36,318

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,153,030$598,415$1,751,445
Land$795,000-$795,000
Leasehold Improvements$336,693$163,877$500,570
Other Land Buildings-$124,979$124,979
Equipment$7,973$1,227$9,200
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeOtherTotal
John AdeySecretaryPT$138,375$138,375

Board Members and Trustees

NameTitle
Joseph CharlesChairman
David MarlowVice Chairma
David SlobodienTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$112,561
Program Service Revenue
$80,850
Investment Income
$366
Other Revenue
$-7,626
All Other Contributions
$112,561
Change in Net Assets
$60,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,697
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
Depreciation Depletion$39,021--$39,021
Interest$16,671--$16,671
Fees for Services Accounting-$5,325-$5,325
Travel$4,370--$4,370
Insurance-$4,236-$4,236
Advertising$2,581--$2,581
Other Expenses$2,500--$2,500
Office Expenses-$153-$153
Total Functional Expenses$115,983$9,714$0$125,697
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Abyc$83,259
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review process has or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Executive committee monitors activities and handles conflicts as they arise.”

Form 990, Page 6, Part VI, Line 19

“Made available at main office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Abyc Foundation
EIN
52-1596605
Phone
4109904460
Address
613 THIRD STREET 10, ANNAPOLIS, MD 21403

Signing Officer

Name
John Adey
Title
Secretary
Phone
4109904460
Signed
2017-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Adey
Formed
1989
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Wolfe & Fiedler Pa
Address
634 FREDERICK RD STE 1, CATONSVILLE, MD 21228
Preparer
Brian T Wolfe
Phone
4107470789
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rental expenses 116,323 rental expenses -116,323”

Raw XML Appendix398 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE COMMITTEE MONITORS ACTIVITIES AND HANDLES CONFLICTS AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE AT MAIN OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 116,323 RENTAL EXPENSES -116,323
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131939929
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MARINE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0true
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt060000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1754955
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV LOAN
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AMERICAN BOAT & YACHT COUNCIL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AMERICAN BOAT & YACHT COUNCIL INC
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt045499
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02565716
IRS990/TotalAssetsGrp/BOYAmt02529398
IRS990/TotalAssetsGrp/EOYAmt02565716
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112561
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0115983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125697
IRS990/TotalGrossUBIAmt0-7626
IRS990/TotalLiabilitiesBOYAmt0869245
IRS990/TotalLiabilitiesEOYAmt0843591
IRS990/TotalLiabilitiesGrp/BOYAmt0869245
IRS990/TotalLiabilitiesGrp/EOYAmt0843591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01660153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01722125
IRS990/TotalProgramServiceExpensesAmt0115983
IRS990/TotalProgramServiceRevenueAmt080850
IRS990/TotalRevenueGrp/ExclusionAmt0366
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080850
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0186151
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-7626
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02529398
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02565716
IRS990/TotReportableCompRltdOrgAmt0138375
IRS990/TravelGrp/ProgramServicesAmt04370
IRS990/TravelGrp/TotalAmt04370
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01655653
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01676626
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0613 THIRD STREET 10
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021403
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ABYCINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN ADEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum04109904460
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABYC FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ABYC
ReturnHeader/Filer/EIN0521596605
ReturnHeader/Filer/PhoneNum04109904460
ReturnHeader/Filer/USAddress/AddressLine1Txt0613 THIRD STREET 10
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521798441
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLFE & FIEDLER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0634 FREDERICK RD STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CATONSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021228
ReturnHeader/PreparerPersonGrp/PhoneNum04107470789
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN T WOLFE
ReturnHeader/ReturnTs02017-08-14T10:03:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,565,716
Liabilities
$843,591
Net assets
$1,722,125
Revenue
$186,151
Expenses
$125,697
Net income
$60,454
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.40$1.55$0.37$0.11$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.03$0.75$1.28$0.07$0.16$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.74$1.37$0.06$0.15$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.26$0.79$1.47$0.04$0.14$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.39$0.82$1.57$0.04$0.13$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.77$1.66$0.02$0.09$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.57$0.84$1.72$0.19$0.13$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.53$0.87$1.66$0.13$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.95$1.63$0.12$0.08$0.04
2013Summary only. Only limited summary data is available for this year.$2.56$0.97$1.59$0.05$0.10$0.05
2012Summary only. Only limited summary data is available for this year.$2.68$1.03$1.64$0.08$0.10$0.02
2011Summary only. Only limited summary data is available for this year.$2.75$1.09$1.66$0.12$0.14$0.02
2010Summary only. Only limited summary data is available for this year.$2.87$1.19$1.69$0.13$0.28$0.15