Civic Intelligence

St Armands Circle Association Inc

990 • Fiscal year 2018 • EIN 59-1701241

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 27, 2019

300 Madison Dr No 201Sarasota, FL 34236

(941) 388-1554

Siviq Scores

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

Liabilities / Assets

69th percentile

0.06x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

34th percentile

-3.5%

Higher net margin than 34% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

95th percentile

$89,672

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 33.6% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

16th percentile

-21%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

25%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$36,294

Down $9,509 (-21%) from 2017

Net Assets

Down

$34,192

Down $9,404 (-22%) from 2017

Liabilities

Down

$2,102

Down $105 (-4.8%) from 2017

Revenue

Up

$266,989

Up $53,824 (+25%) from 2017

Expenses

Up

$276,393

Up $51,611 (+23%) from 2017

Net Income

Up

-$9,404

Up $2,213 (+19%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $48,899Liabilities 2011: $1,995Net Assets 2011: $46,9042011Assets 2012: $52,067Liabilities 2012: $1,436Net Assets 2012: $50,6312012Assets 2013: $50,736Liabilities 2013: $1,865Net Assets 2013: $48,8712013Assets 2014: $28,289Liabilities 2014: $1,843Net Assets 2014: $26,4462014Assets 2015: $48,068Liabilities 2015: $2,537Net Assets 2015: $45,5312015Assets 2016: $57,905Liabilities 2016: $2,692Net Assets 2016: $55,2132016Assets 2017: $45,803Liabilities 2017: $2,207Net Assets 2017: $43,5962017Assets 2018: $36,294Liabilities 2018: $2,102Net Assets 2018: $34,1922018Assets 2019: $39,477Liabilities 2019: $2,095Net Assets 2019: $37,3822019Assets 2020: $44,092Liabilities 2020: $2,249Net Assets 2020: $41,8432020Assets 2021: $62,229Liabilities 2021: $2,096Net Assets 2021: $60,1332021Assets 2022: $301,041Liabilities 2022: $1,299Net Assets 2022: $299,7422022Assets 2023: $232,385Liabilities 2023: $43,146Net Assets 2023: $189,2392023Assets 2024: $181,285Liabilities 2024: $47,540Net Assets 2024: $133,7452024

Highlighted filing

2018

Assets$36,294
Liabilities$2,102
Net Assets$34,192

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $123,819Expenses 2011: $148,171Net Income 2011: -$24,3522011Revenue 2012: $157,772Expenses 2012: $154,045Net Income 2012: $3,7272012Revenue 2013: $178,392Expenses 2013: $180,152Net Income 2013: -$1,7602013Revenue 2014: $175,385Expenses 2014: $197,807Net Income 2014: -$22,4222014Revenue 2015: $261,390Expenses 2015: $242,305Net Income 2015: $19,0852015Revenue 2016: $255,471Expenses 2016: $245,789Net Income 2016: $9,6822016Revenue 2017: $213,165Expenses 2017: $224,782Net Income 2017: -$11,6172017Revenue 2018: $266,989Expenses 2018: $276,393Net Income 2018: -$9,4042018Revenue 2019: $204,361Expenses 2019: $201,171Net Income 2019: $3,1902019Revenue 2020: $176,384Expenses 2020: $171,923Net Income 2020: $4,4612020Revenue 2021: $220,928Expenses 2021: $202,638Net Income 2021: $18,2902021Revenue 2022: $383,022Expenses 2022: $143,413Net Income 2022: $239,6092022Revenue 2023: $89,077Expenses 2023: $199,580Net Income 2023: -$110,5032023Revenue 2024: $139,129Expenses 2024: $194,623Net Income 2024: -$55,4942024

Highlighted filing

2018

Revenue$266,989
Expenses$276,393
Net Income-$9,404
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 27, 2019
Return Version
2018v3.1
Gross Receipts
$319,015
Mission and Program Overview

Mission

Merchants association to promote st. Armands circle

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$25,944$24,979▼ $965
Cash and Non-Interest-Bearing Accounts$15,598$8,000▼ $7,598
Land, Buildings, and Equipment, Net$4,261$3,315▼ $946
Total Assets$45,803$36,294▼ $9,509
Liabilities
Other Liabilities$2,207$2,102▼ $105
Total Liabilities$2,207$2,102▼ $105
Net Assets / Fund Balance
Unrestricted Net Assets$43,596$34,192▼ $9,404
Total Net Assets Fund Balance$43,596$34,192▼ $9,404
Total Liabilities and Net Assets / Fund Balance$45,803$36,294▼ $9,509

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,315$86,495$89,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Diana CorriganExecutive DirectorFT$89,672$89,672

Board Members and Trustees

NameTitle
Scott MacdonaldPast President
Matt GroverPresident
Eric SeaceVice President/Director of Mark
Barbara PuglieseDirector
Beth JacobsonDirector
Chris LynchDirector
Cleon DixonDirector
Gail LoefgrenDirector
Iva FadleydaneDirector
Jason BurnsDirector
Jennifer MatteoDirector
Kelly DefeboDirector
Michael ValentinoDirector
Rachel KravitzDirector
Ron FullerDirector
Yvonne SchlossDirector
Andrew VacDirector of Membership
Bruce ClarkSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$270,787
Investment Income
$65
Other Revenue
$-3,863
Change in Net Assets
$-9,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,242
Salaries, Compensation, and Employee Benefits$130,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$96,715
Advertising---$96,103
Other Salaries and Wages---$24,687
Payroll Taxes---$8,749
Office Expenses---$6,525
Occupancy---$5,835
Insurance---$3,792
Fees for Services Accounting---$2,400
All Other Expenses---$1,518
Other Expenses---$1,399
Depreciation Depletion---$946
Fees for Services Legal---$806
Information Technology---$683
Interest---$95
Total Functional Expenses$0$0$0$276,393
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,026
Fundraising Gross Income$48,163
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of St Armands$46,663$46,663$18,975$27,688
Total Events$46,663$46,663$22,496$24,167
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$2,102
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

Merchants association to promote st. Armands circle who pay membership fees for joint promotions of the circle.

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

The 990 is reviewed by the treasurer and given to the board members for review and editing before it is filed.

Form 990, Part VI, Section B, Line 12C

The organization annually requires all board members, committees of the board, and staff to review the conflict of interest policy and to complete a conflict of interest questionnaire. They are also encouraged to disclose any potential conflicts as they arise during the year.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are currently available on request.

Filing and Contact Details

Filer

Filer Name
St Armands Circle Association Inc
EIN
59-1701241
Phone
9413881554
Address
300 MADISON DR NO 201, SARASOTA, FL 34236

Signing Officer

Name
Diana M Corrigan
Title
Executive Director
Phone
9413881554
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana M Corrigan
Formed
1987
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
18

Preparer

Firm
Kerkering Barberio & Co
Address
PO BOX 49348, SARASOTA, FL 34230-6348
Preparer
Robert P Clarke
Phone
9413654617
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IRS990/OtherExpensesGrp/Desc1NAUTILUS ESTATE MAINTEN
IRS990/OtherExpensesGrp/Desc2ROUGH & READY
IRS990/OtherExpensesGrp/Desc3MEMBER EXPENSES
IRS990/OtherExpensesGrp/TotalAmt017761
IRS990/OtherExpensesGrp/TotalAmt16479
IRS990/OtherExpensesGrp/TotalAmt21900
IRS990/OtherExpensesGrp/TotalAmt31399
IRS990/OtherLiabilitiesGrp/BOYAmt02207
IRS990/OtherLiabilitiesGrp/EOYAmt02102
IRS990/OtherSalariesAndWagesGrp/TotalAmt024687
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt08749
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DIANA M CORRIGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0156880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1113907
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1113907
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03000
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt094154
IRS990/PYOtherRevenueAmt0-15734
IRS990/PYProgramServiceRevenueAmt0228849
IRS990/PYRevenuesLessExpensesAmt0-11617
IRS990/PYSalariesCompEmpBnftPaidAmt0127628
IRS990/PYTotalExpensesAmt0224782
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0213165
IRS990/ReconcilationRevenueExpnssAmt0-9404
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025944
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024979
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03315
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt086495
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03315
IRS990ScheduleD/TotalLiabilityAmt02102
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022496
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TASTE OF ST ARMANDS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0678
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0678
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046663
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046663
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046663
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046663
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024167
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018975
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018975
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02843
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02843
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MERCHANTS ASSOCIATION TO PROMOTE ST. ARMANDS CIRCLE WHO PAY MEMBERSHIP FEES FOR JOINT PROMOTIONS OF THE CIRCLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE TREASURER AND GIVEN TO THE BOARD MEMBERS FOR REVIEW AND EDITING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ANNUALLY REQUIRES ALL BOARD MEMBERS, COMMITTEES OF THE BOARD, AND STAFF TO REVIEW THE CONFLICT OF INTEREST POLICY AND TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THEY ARE ALSO ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE CURRENTLY AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt045803
IRS990/TotalAssetsEOYAmt036294
IRS990/TotalAssetsGrp/BOYAmt045803
IRS990/TotalAssetsGrp/EOYAmt036294
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0276393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02207
IRS990/TotalLiabilitiesEOYAmt02102
IRS990/TotalLiabilitiesGrp/BOYAmt02207
IRS990/TotalLiabilitiesGrp/EOYAmt02102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043596
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034192
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0270787
IRS990/TotalReportableCompFromOrgAmt089672
IRS990/TotalRevenueGrp/ExclusionAmt0-3798
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0270787
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266989
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045803
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036294
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt043596
IRS990/UnrestrictedNetAssetsGrp/EOYAmt034192
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 MADISON DR NO 201
IRS990/USAddress/CityNm0SARASOTA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034236
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.STARMANDSCIRCLEASSOC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANA M CORRIGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09413881554
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST ARMANDS CIRCLE ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0STAR
ReturnHeader/Filer/EIN0591701241
ReturnHeader/Filer/PhoneNum09413881554
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 MADISON DR NO 201
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034236
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02EE4A4EF04A7B26E08643B74ECFB0DD78F16C98D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0262576631B761DD032A50EB4523BB6276368EFF7

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.48$1.34$1.39$1.95$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.43$1.89$0.89$2.00$1.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.01$3.00$3.83$1.43$2.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.02$0.60$2.21$2.03$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.02$0.42$1.76$1.72$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.02$0.37$2.04$2.01$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$2.67$2.76$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.02$0.44$2.13$2.25$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.03$0.55$2.55$2.46$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.03$0.46$2.61$2.42$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$1.75$1.98$0.22
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$1.78$1.80$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.01$0.51$1.58$1.54$0.04
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.02$0.47$1.24$1.48$0.24
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