Civic Intelligence

The Dunes Club Incorporated

990 • Fiscal year 2018 • EIN 56-0206714

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

PO Box 1015Atlantic Beach, NC 28512-1015

(252) 726-6444

Siviq Scores

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

Liabilities / Assets

25th percentile

0.19x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.25x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2018

Net Margin

97th percentile

40%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$140,927

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2018

Asset Growth

97th percentile

67%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

96%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,208,171

Up $2,482,231 (+67%) from 2017

Net Assets

Up

$5,042,255

Up $1,910,151 (+61%) from 2017

Liabilities

Up

$1,165,916

Up $572,080 (+96%) from 2017

Revenue

Up

$4,710,269

Up $2,307,430 (+96%) from 2017

Expenses

Up

$2,810,586

Up $524,410 (+23%) from 2017

Net Income

Up

$1,899,683

Up $1,783,020 (+1528%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,365,749Liabilities 2010: $316,487Net Assets 2010: $3,049,2622010Assets 2011: $3,320,440Liabilities 2011: $308,803Net Assets 2011: $3,011,6372011Assets 2012: $3,254,801Liabilities 2012: $275,222Net Assets 2012: $2,979,5792012Assets 2013: $3,297,440Liabilities 2013: $330,145Net Assets 2013: $2,967,2952013Assets 2014: $3,206,452Liabilities 2014: $274,981Net Assets 2014: $2,931,4712014Assets 2015: $3,590,179Liabilities 2015: $733,999Net Assets 2015: $2,856,1802015Assets 2016: $3,522,611Liabilities 2016: $517,185Net Assets 2016: $3,005,4262016Assets 2017: $3,725,940Liabilities 2017: $593,836Net Assets 2017: $3,132,1042017Assets 2018: $6,208,171Liabilities 2018: $1,165,916Net Assets 2018: $5,042,2552018Assets 2019: $8,903,051Liabilities 2019: $3,123,369Net Assets 2019: $5,779,6822019Assets 2020: $8,543,991Liabilities 2020: $2,641,800Net Assets 2020: $5,902,1912020Assets 2021: $8,784,310Liabilities 2021: $2,824,801Net Assets 2021: $5,959,5092021Assets 2022: $8,496,883Liabilities 2022: $3,056,915Net Assets 2022: $5,439,9682022Assets 2023: $7,613,559Liabilities 2023: $2,518,812Net Assets 2023: $5,094,7472023Assets 2024: $7,783,018Liabilities 2024: $2,835,552Net Assets 2024: $4,947,4662024

Highlighted filing

2018

Assets$6,208,171
Liabilities$1,165,916
Net Assets$5,042,255

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,756,615Expenses 2010: $1,689,637Net Income 2010: $66,9782010Expenses 2011: $1,716,7012011Expenses 2012: $1,816,0452012Revenue 2013: $1,874,374Expenses 2013: $1,893,162Net Income 2013: -$18,7882013Revenue 2014: $1,903,071Expenses 2014: $1,971,700Net Income 2014: -$68,6292014Revenue 2015: $2,107,563Expenses 2015: $2,203,748Net Income 2015: -$96,1852015Revenue 2016: $2,159,089Expenses 2016: $2,090,647Net Income 2016: $68,4422016Revenue 2017: $2,402,839Expenses 2017: $2,286,176Net Income 2017: $116,6632017Revenue 2018: $4,710,269Expenses 2018: $2,810,586Net Income 2018: $1,899,6832018Revenue 2019: $3,585,371Expenses 2019: $4,405,043Net Income 2019: -$819,6722019Revenue 2020: $3,538,503Expenses 2020: $3,591,041Net Income 2020: -$52,5382020Revenue 2021: $2,697,627Expenses 2021: $3,077,568Net Income 2021: -$379,9412021Revenue 2022: $3,045,488Expenses 2022: $3,565,009Net Income 2022: -$519,5212022Revenue 2023: $3,728,041Expenses 2023: $4,073,262Net Income 2023: -$345,2212023Revenue 2024: $4,268,314Expenses 2024: $4,415,595Net Income 2024: -$147,2812024

Highlighted filing

2018

Revenue$4,710,269
Expenses$2,810,586
Net Income$1,899,683
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$5,315,116
Mission and Program Overview

Mission

Social & recreational beach club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,574,716$3,854,446▲ $279,730
Accounts Receivable$63,829$2,134,484▲ $2,070,655
Prepaid Expenses and Deferred Charges$21,668$178,733▲ $157,065
Inventories for Sale or Use$62,184$34,829▼ $27,355
Cash and Non-Interest-Bearing Accounts$3,543$5,679▲ $2,136
Total Assets$3,725,940$6,208,171▲ $2,482,231
Liabilities
Mortgage Notes Payable Secured by Investment Property$476,424$660,579▲ $184,155
Accounts Payable and Accrued Expenses$36,624$420,976▲ $384,352
Deferred Revenue$80,788$84,361▲ $3,573
Total Liabilities$593,836$1,165,916▲ $572,080
Net Assets / Fund Balance
Unrestricted Net Assets$3,132,104$5,042,255▲ $1,910,151
Total Net Assets Fund Balance$3,132,104$5,042,255▲ $1,910,151
Total Liabilities and Net Assets / Fund Balance$3,725,940$6,208,171▲ $2,482,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,635,882$1,179,948$3,815,830
Other Land Buildings$517,611$570,277$1,087,888
Equipment$317,214$430,711$747,925
Land$383,739-$383,739
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pete JohnsonGeneral ManagerFT$140,927$140,927

Board Members and Trustees

NameTitle
Jane NewbernBeach/Pool Chair
Walter CraytonHouse Chair
John RisingerPresident
Richard McIntyreV President
John T SmithBldg/Grnds
Grady PrevetteEx Officio
Brian TaylorMember at Large
Ginger GunstenMembership
Michelle GregorySecretary
Robert BittnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,648,851
Investment Income
$-148,892
Other Revenue
$3,210,310
Change in Net Assets
$1,899,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,508,126
Other Expenses$1,302,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,115,432
Depreciation Depletion---$235,327
Other Employee Benefits---$149,419
Current Officers, Directors, Trustees, and Key Employees---$140,927
Occupancy---$136,295
Payroll Taxes---$102,348
All Other Expenses---$91,873
Insurance---$75,539
Other Expenses---$42,428
Fees for Services Accounting---$17,472
Interest---$8,354
Travel---$8,289
Fees for Services Legal---$4,585
Advertising---$317
Total Functional Expenses$0$0$0$2,810,586
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
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 Club has 575 active members.

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

The Club's board of directors consists of 10 elected members and the general manager. The elected board members serve a three year term, rotating 3 new directors to the board each year. The outgoing president serves as the "ex officio" for the following year.

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

The Club's board of directors hold an annual stockholders meeting every July. The members vote on items on the agenda.

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

The Club's bookkeeper and President reviews the 990 and 990T prior to signing and filing. Form 990 and 990T are located at the club's office and are available for all members to review.

Form 990, Part VI, Section B, line 15

General manager's salary is Board approved.

Form 990, Part VI, Section C, line 19

Governing documents are available at organization's principal office.

Filing and Contact Details

Filer

Filer Name
Dunes Club Inc
EIN
56-0206714
Phone
2527266444
Address
PO Box 1015, Atlantic Beach, NC 28512-1015

Signing Officer

Name
Robert Bittner
Title
Treasurer
Phone
2527266444
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Bittner
Formed
1939
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
120
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
3621 John Platt Drive, Morehead City, NC 28557
Preparer
Jeanne Webb
Phone
2527260551
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Issuance of membership certificates 10,125. Redemption of membership certificates -10,125. Book to Tax Depreciation 10,466. Rounding 2.

Form 990, Part XI 2C

The Board of Directors oversees the selection of the independent CPA firm and assumes oversight of the review.

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/Form990PartVIISectionAGrp/TitleTxt6V President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Bldg/Grnds
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt10General Manager
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1432314
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-9509
IRS990/PYOtherExpensesAmt0828398
IRS990/PYOtherRevenueAmt0694331
IRS990/PYProgramServiceRevenueAmt01718017
IRS990/PYRevenuesLessExpensesAmt0116663
IRS990/PYSalariesCompEmpBnftPaidAmt01457778
IRS990/PYTotalExpensesAmt02286176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02402839
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01899683
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02635882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01179948
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03815830
IRS990ScheduleD/EquipmentGrp/BookValueAmt0317214
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0430711
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0747925
IRS990ScheduleD/LandGrp/BookValueAmt0383739
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0383739
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0517611
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0570277
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01087888
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03854446
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Club has 575 active members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Club's board of directors consists of 10 elected members and the general manager. The elected board members serve a three year term, rotating 3 new directors to the board each year. The outgoing president serves as the "ex officio" for the following year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Club's board of directors hold an annual stockholders meeting every July. The members vote on items on the agenda.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Club's bookkeeper and President reviews the 990 and 990T prior to signing and filing. Form 990 and 990T are located at the club's office and are available for all members to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4General manager's salary is Board approved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents are available at organization's principal office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Issuance of membership certificates 10,125. Redemption of membership certificates -10,125. Book to Tax Depreciation 10,466. Rounding 2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Board of Directors oversees the selection of the independent CPA firm and assumes oversight of the review.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03725940
IRS990/TotalAssetsEOYAmt06208171
IRS990/TotalAssetsGrp/BOYAmt03725940
IRS990/TotalAssetsGrp/EOYAmt06208171
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0120
IRS990/TotalFunctionalExpensesGrp/TotalAmt02810586
IRS990/TotalGrossUBIAmt076991
IRS990/TotalLiabilitiesBOYAmt0593836
IRS990/TotalLiabilitiesEOYAmt01165916
IRS990/TotalLiabilitiesGrp/BOYAmt0593836
IRS990/TotalLiabilitiesGrp/EOYAmt01165916
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03132104
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05042255
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01648851
IRS990/TotalReportableCompFromOrgAmt0140927
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04633278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04710269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt076991
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03725940
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06208171
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08289
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03132104
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05042255
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1015
IRS990/USAddress/CityNm0Atlantic Beach
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd0285121015
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.dunes-club.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Bittner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02527266444
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Dunes Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0DUNE
ReturnHeader/Filer/EIN0560206714
ReturnHeader/Filer/PhoneNum02527266444
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1015
ReturnHeader/Filer/USAddress/CityNm0Atlantic Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0285121015
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId076AC36D287B8BFBCDF87A263336D705119C188ED
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.98.98.134
ReturnHeader/FilingSecurityInformation/IPDt02019-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:20:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03621 John Platt Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morehead City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028557
ReturnHeader/PreparerPersonGrp/PhoneNum02527260551
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeanne Webb
ReturnHeader/ReturnTs02019-11-15T08:50:07-06:00
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
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.78$2.84$4.95$4.27$4.42$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.61$2.52$5.09$3.73$4.07$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$3.06$5.44$3.05$3.57$0.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.78$2.82$5.96$2.70$3.08$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.54$2.64$5.90$3.54$3.59$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.90$3.12$5.78$3.59$4.41$0.82
2018Detailed filing. Detailed filing data is available for this year.$6.21$1.17$5.04$4.71$2.81$1.90
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.59$3.13$2.40$2.29$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.52$3.01$2.16$2.09$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.59$0.73$2.86$2.11$2.20$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.21$0.27$2.93$1.90$1.97$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.30$0.33$2.97$1.87$1.89$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.28$2.98$1.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.31$3.01$1.72
2010Summary only. Only limited summary data is available for this year.$3.37$0.32$3.05$1.76$1.69$0.07