Civic Intelligence

Inverness Olde Towne Association Inc

EIN 59-3289247 • 501(c)6 • Inverness, FL

Revoked990-N Coverage

Profile

To promote the inverness community

Revocation date: May 15, 2024

PO Box 771Inverness, FL 34451

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

12th percentile

-49%

Higher net margin than 12% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

9th percentile

-93%

Faster asset growth than 9% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-40%

Faster revenue growth than 15% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$111

Down $1,554 (-93%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue51st percentileNet Margin12th percentile

Revenue

Down

$3,180

Down $2,091 (-40%) from 2019

Expenses

Down

$4,734

Down $5,778 (-55%) from 2019

Net Income

Up

-$1,554

Up $3,687 (+70%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0K$6.0K$4.0K$2.0K$0Assets 2011: $782Liabilities 2011: $1,3302011Assets 2012: $2,564Liabilities 2012: $3,7962012Assets 2013: $1,547Liabilities 2013: $0Net Assets 2013: $1,5472013Assets 2017: $6,856Liabilities 2017: $02017Assets 2019: $1,665Liabilities 2019: $02019Assets 2020: $111Liabilities 2020: $02020

Highlighted filing

2020

Assets$111
Liabilities$0
Net Assets-
Open 2020 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2011: $42,250Expenses 2011: $43,489Net Income 2011: -$1,2392011Revenue 2012: $23,011Expenses 2012: $23,695Net Income 2012: -$6842012Revenue 2013: $8,842Expenses 2013: $6,063Net Income 2013: $2,7792013Revenue 2017: $3,810Expenses 2017: $5,111Net Income 2017: -$1,3012017Revenue 2019: $5,271Expenses 2019: $10,512Net Income 2019: -$5,2412019Revenue 2020: $3,180Expenses 2020: $4,734Net Income 2020: -$1,5542020

Highlighted filing

2020

Revenue$3,180
Expenses$4,734
Net Income-$1,554
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$111
Liabilities
$0
Net assets
-
Revenue
$3,180
Expenses
$4,734
Net income
-$1,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Summary only. Only limited summary data is available for this year.$0.11$0.00$3.18$4.73$1.55
2019Summary only. Only limited summary data is available for this year.$1.67$0.00$5.27$10.5$5.24
2017Summary only. Only limited summary data is available for this year.$6.86$0.00$3.81$5.11$1.30
2013Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$8.84$6.06$2.78
2012Summary only. Only limited summary data is available for this year.$2.56$3.80$23.0$23.7$0.68
2011Summary only. Only limited summary data is available for this year.$0.78$1.33$42.3$43.5$1.24
Latest Detailed Filing

The latest 2020 filing currently has summary financial data only. Showing the latest detailed filing from 2013 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 15, 2014
Return Version
2013v3.1
Gross Receipts
$8,842
Mission and Program Overview

Mission

To promote the inverness community

Program Services

DescriptionGrantsExpenses
A BUSINESS & PROFESSIONAL MEMBERSHIP ORGANIZATION TO COOPERATIVELY ADVERTISE, PROMOTE, ENHANCE AND MARKET THE INVERNESS FLORIDA COMMUNITY.-$6,063
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARLSON ROGERTreasurer/Secretary-$0--
EARNEST MARSHALLPresident-$0--
Filing and Contact Details

Filer

EIN
59-3289247
Phone
3523443366

Signing Officer

Name
Roger Carlson
Title
Treasurer
Phone
3523443366
Signed
2014-05-15
Discuss with paid preparer
Yes

Preparer

Preparer
Vickie Humphrey
Phone
3523413449
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Fundraising expenses 2682. Advertising, admin, office, phone, taxes 2146. Depreciation 102.”

Form 990EZ, Part II, Line 24

“Net office equipment 256.”

Form 990EZ, Part II, Line 26

“Capital city loan 3796. 0.”

Raw XML Appendix102 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ROGER CARLSON
IRS990EZ/BooksInCareOfDetail/PhoneNum03527466483
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine10PO BOX 771
IRS990EZ/BooksInCareOfDetail/USAddress/City0INVERNESS
IRS990EZ/BooksInCareOfDetail/USAddress/State0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode034451
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02308
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01393
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02779
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01004
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt02564
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01547
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt08842
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt06500
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-1232
IRS990EZ/NetAssetsOrFundBalancesEOYAmt01547
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-1232
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt01547
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CARLSON ROGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1EARNEST MARSHALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0256
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0154
IRS990EZ/OtherExpensesTotalAmt04930
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THE INVERNESS COMMUNITY
IRS990EZ/PrintingPublicationsPostageAmt0129
IRS990EZ/ProgramServiceRevenueAmt02342
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0A BUSINESS & PROFESSIONAL MEMBERSHIP ORGANIZATION TO COOPERATIVELY ADVERTISE, PROMOTE, ENHANCE AND MARKET THE INVERNESS FLORIDA COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06063
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03796
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt06063
IRS990EZ/TotalProgramServiceExpensesAmt06063
IRS990EZ/TotalRevenueAmt08842
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 2682. ADVERTISING, ADMIN, OFFICE, PHONE, TAXES 2146. DEPRECIATION 102.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NET OFFICE EQUIPMENT 256.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CAPITAL CITY LOAN 3796. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROGER CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03523443366
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10INVERNESS OLDE TOWNE ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INVE
ReturnHeader/Filer/EIN0593289247
ReturnHeader/Filer/PhoneNum03523443366
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 771
ReturnHeader/Filer/USAddress/City0INVERNESS
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode034451
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Humphrey & Saltmarsh PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103600 E Gulf to Lake Hwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Inverness
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode034453
ReturnHeader/PreparerPersonGrp/PhoneNum03523413449
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VICKIE HUMPHREY
ReturnHeader/ReturnTs02014-05-19T11:26:17-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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