Civic Intelligence

Salisbury Beach Partnership Inc.

990 • Fiscal year 2017 • EIN 77-0681920

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

98 Elm StreetSalisbury, MA 01952

(978) 462-7274

Siviq Scores

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

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

99th percentile

1302%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

87%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$111,847

Up $103,867 (+1302%) from 2016

Net Assets

Up

$80,222

Up $149,867 (+215%) from 2016

Liabilities

Down

$31,625

Down $46,000 (-59%) from 2016

Revenue

Up

$385,133

Up $179,526 (+87%) from 2016

Expenses

Up

$235,266

Up $56,679 (+32%) from 2016

Net Income

Up

$149,867

Up $122,847 (+455%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $0Liabilities 2010: $1,6122010Assets 2011: $0Liabilities 2011: $25,8282011Assets 2012: $10,804Liabilities 2012: $20,1502012Assets 2013: $10,616Liabilities 2013: $20,150Net Assets 2013: -$9,5342013Assets 2014: $15,690Liabilities 2014: $35,150Net Assets 2014: -$19,4602014Assets 2015: $9,635Liabilities 2015: $106,380Net Assets 2015: -$96,7452015Assets 2016: $7,980Liabilities 2016: $77,625Net Assets 2016: -$69,6452016Assets 2017: $111,847Liabilities 2017: $31,625Net Assets 2017: $80,2222017Assets 2018: $147,778Liabilities 2018: $230Net Assets 2018: $147,5482018Assets 2019: $600,691Liabilities 2019: $215,230Net Assets 2019: $385,4612019Assets 2020: $594,876Liabilities 2020: $215,000Net Assets 2020: $379,8762020Assets 2021: $755,379Liabilities 2021: $0Net Assets 2021: $755,3792021Assets 2022: $5,128,794Liabilities 2022: $2,304,508Net Assets 2022: $2,824,2862022Assets 2023: $6,453,006Liabilities 2023: $3,355,188Net Assets 2023: $3,097,8182023Assets 2024: $98,379Liabilities 2024: $13,559Net Assets 2024: $84,8202024

Highlighted filing

2017

Assets$111,847
Liabilities$31,625
Net Assets$80,222

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $172,838Expenses 2010: $152,256Net Income 2010: $20,5822010Revenue 2011: $150,783Expenses 2011: $174,999Net Income 2011: -$24,2162011Revenue 2012: $146,406Expenses 2012: $129,924Net Income 2012: $16,4822012Revenue 2013: $152,413Expenses 2013: $152,601Net Income 2013: -$1882013Revenue 2014: $140,977Expenses 2014: $150,903Net Income 2014: -$9,9262014Revenue 2015: $150,523Expenses 2015: $227,808Net Income 2015: -$77,2852015Revenue 2016: $205,607Expenses 2016: $178,587Net Income 2016: $27,0202016Revenue 2017: $385,133Expenses 2017: $235,266Net Income 2017: $149,8672017Revenue 2018: $243,430Expenses 2018: $204,939Net Income 2018: $38,4912018Revenue 2019: $435,558Expenses 2019: $197,645Net Income 2019: $237,9132019Revenue 2020: $55,837Expenses 2020: $61,422Net Income 2020: -$5,5852020Revenue 2021: $474,651Expenses 2021: $99,148Net Income 2021: $375,5032021Revenue 2022: $2,457,338Expenses 2022: $388,431Net Income 2022: $2,068,9072022Revenue 2023: $1,001,108Expenses 2023: $727,576Net Income 2023: $273,5322023Revenue 2024: $439,541Expenses 2024: $3,452,539Net Income 2024: -$3,012,9982024

Highlighted filing

2017

Revenue$385,133
Expenses$235,266
Net Income$149,867
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$385,133
Mission and Program Overview

Mission

To create and maintain a revitalized Salisbury Beach

Create & maintain a revitalized salisbury beach

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,253$105,453▲ $104,200
Land, Buildings, and Equipment, Net$4,167$3,834▼ $333
Accounts Receivable$2,560$2,560→ $0
Total Assets$7,980$111,847▲ $103,867
Liabilities
Other Liabilities$77,625$31,625▼ $46,000
Total Liabilities$77,625$31,625▼ $46,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$125,412-
Unrestricted Net Assets$-69,645$-45,190▲ $24,455
Total Net Assets Fund Balance$-69,645$80,222▲ $149,867
Total Liabilities and Net Assets / Fund Balance$7,980$111,847▲ $103,867

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,834$1,166$5,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$259,103
Program Service Revenue
$125,901
Investment Income
$129
Other Revenue
$0
All Other Contributions
$259,103
Change in Net Assets
$149,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,266
Total Fundraising Expense$7,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$0$14,610$0$14,610
Advertising$8,720$0$0$8,720
Insurance$0$8,191$0$8,191
Fees for Services Other$0$105$7,500$7,605
Other Expenses$85$773$0$858
All Other Expenses$222$630$0$852
Depreciation Depletion$333$0$0$333
Office Expenses$0$106$0$106
Fees for Services Accounting$0$50$0$50
Total Functional Expenses$201,575$26,191$7,500$235,266
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
Loan payable to SPS Construction$31,245
Newburyport Bank Credit$230
Other Liabilities$150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Salisbury Beach Partnership Inc
EIN
77-0681920
Phone
9784627274
Address
98 Elm Street, Salisbury, MA 01952

Signing Officer

Name
Robert D Glendon
Title
Treasurer
Phone
9784627274
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Glendon
Formed
2007
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Fritz Deguglielmo LLC
Address
8 ESSEX STREET, NEWBURYPORT, MA 01950
Preparer
Stephen J Deguglielmo CPA
Phone
9784622161
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 is reviewed by the board of directors prior to filing. Upon review and approval it is signed by an officer.

Pt VI, Line 19

The Organization provides its governing documents upon request.

Form 990EZ, Part II, Line 26

Loans from affiliates of the President

Form 990EZ, Part II, Line 26

Due to Board Member

Form 990EZ, Part II, Line 26

Newburyport Bank Credit

Form 990, Part IX, Line 24E

Website 396. 0. 396. 0.

Form 990, Part IX, Line 24E

Licenses and fees 100. 0. 100. 0.

Form 990, Part IX, Line 24E

Miscellaneous 222. 222. 0. 0.

Form 990, Part IX, Line 24E

Bank Fees 16. 0. 16. 0.

Form 990, Part IX, Line 24E

Auto 118. 0. 118. 0.

Financial Statement Notes

Pt X, Line 2

The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, "Accounting For Uncertainty in Income Taxes"). The primary tax positions made by the Organization are the existence of Unrelated Business Income Tax and the Organization's status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the years presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organization's Forms 990, Return of Organization Exempt from Income Tax, for the years ending December 31 2017, 2016, 2015 and 2014 are subject to examination by the IRS. Returns are generally subject to examination for 3 years after they are filed.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0128678
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0147938
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0729790
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0125901
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0117733
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt038639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0299047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0129
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.69810
IRS990ScheduleA/PublicSupportPY509Pct00.74370
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0718337
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0141000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt041000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt052500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt046000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0310500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0385004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0199920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0150523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0140977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0152413
IRS990ScheduleA/Total509Grp/TotalAmt01028837
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01028966
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03834
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01166
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt231245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Newburyport Bank Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Loan payable to SPS Construction
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, "Accounting For Uncertainty in Income Taxes"). The primary tax positions made by the Organization are the existence of Unrelated Business Income Tax and the Organization's status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the years presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organization's Forms 990, Return of Organization Exempt from Income Tax, for the years ending December 31 2017, 2016, 2015 and 2014 are subject to examination by the IRS. Returns are generally subject to examination for 3 years after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03834
IRS990ScheduleD/TotalLiabilityAmt031625
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the board of directors prior to filing. Upon review and approval it is signed by an officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization provides its governing documents upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Loans from affiliates of the President
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Due to Board Member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Newburyport Bank Credit
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Website 396. 0. 396. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Licenses and fees 100. 0. 100. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous 222. 222. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Fees 16. 0. 16. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Auto 118. 0. 118. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0125412
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07980
IRS990/TotalAssetsEOYAmt0111847
IRS990/TotalAssetsGrp/BOYAmt07980
IRS990/TotalAssetsGrp/EOYAmt0111847
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0259103
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026191
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0201575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077625
IRS990/TotalLiabilitiesEOYAmt031625
IRS990/TotalLiabilitiesGrp/BOYAmt077625
IRS990/TotalLiabilitiesGrp/EOYAmt031625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-69645
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt080222
IRS990/TotalProgramServiceExpensesAmt0201575
IRS990/TotalProgramServiceRevenueAmt0125901
IRS990/TotalRevenueGrp/ExclusionAmt0129
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0125901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0385133
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07980
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0111847
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-69645
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-45190
IRS990/USAddress/AddressLine1Txt055 Hickory Lane
IRS990/USAddress/CityNm0Boxford
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001921
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT D GLENDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09784627274
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Salisbury Beach Partnership Inc
ReturnHeader/Filer/BusinessNameControlTxt0SALI
ReturnHeader/Filer/EIN0770681920
ReturnHeader/Filer/PhoneNum09784627274

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.08$0.44$3.45$3.01
2023Detailed filing. Detailed filing data is available for this year.$6.45$3.36$3.10$1.00$0.73$0.27
2022Detailed filing. Detailed filing data is available for this year.$5.13$2.30$2.82$2.46$0.39$2.07
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.47$0.10$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.22$0.38$0.06$0.06$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.22$0.39$0.44$0.20$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.24$0.20$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.03$0.08$0.39$0.24$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.08$0.07$0.21$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.11$0.10$0.15$0.23$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.04$0.02$0.14$0.15$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.02$0.01$0.15$0.15$0.00
2012Summary only. Only limited summary data is available for this year.$0.01$0.02$0.15$0.13$0.02
2011Summary only. Only limited summary data is available for this year.$0.00$0.03$0.15$0.17$0.02
2010Summary only. Only limited summary data is available for this year.$0.00$0.00$0.17$0.15$0.02