Civic Intelligence

Salisbury Beach Partnership Inc.

990 • Fiscal year 2018 • EIN 77-0681920

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

79th percentile

32%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-37%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$147,778

Up $35,931 (+32%) from 2017

Net Assets

Up

$147,548

Up $67,326 (+84%) from 2017

Liabilities

Down

$230

Down $31,395 (-99%) from 2017

Revenue

Down

$243,430

Down $141,703 (-37%) from 2017

Expenses

Down

$204,939

Down $30,327 (-13%) from 2017

Net Income

Down

$38,491

Down $111,376 (-74%) from 2017

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

2018

Assets$147,778
Liabilities$230
Net Assets$147,548

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

2018

Revenue$243,430
Expenses$204,939
Net Income$38,491
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$243,430
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$105,453$144,277▲ $38,824
Land, Buildings, and Equipment, Net$3,834$3,501▼ $333
Accounts Receivable$0--
Total Assets$109,287$147,778▲ $38,491
Liabilities
Other Liabilities$31,475$230▼ $31,245
Total Liabilities$31,475$230▼ $31,245
Net Assets / Fund Balance
Unrestricted Net Assets$77,812$147,548▲ $69,736
Temporarily Rstr Net Assets$0--
Total Net Assets Fund Balance$77,812$147,548▲ $69,736
Total Liabilities and Net Assets / Fund Balance$109,287$147,778▲ $38,491

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,501$1,499$5,000
Land$0--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$146,567
Program Service Revenue
$96,863
Investment Income
$0
Other Revenue
$0
All Other Contributions
$146,567
Change in Net Assets
$38,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$204,939
Total Fundraising Expense$18,728
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,231$870$17,925$21,026
All Other Expenses$7,785$1,452$0$9,237
Insurance$6,866$985$0$7,851
Advertising$1,527$0$0$1,527
Fees for Services Accounting$0$1,256$0$1,256
Other Expenses$0$971$0$971
Depreciation Depletion$333$0$0$333
Total Functional Expenses$180,677$5,534$18,728$204,939
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
Newburyport Bank Credit$230
Other Liabilities$0
Loan payable to SPS Construction$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Glendon
Formed
2007
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
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 990, Part IX, Line 24E

Website 829. 0. 829. 0.

Form 990, Part IX, Line 24E

Licenses and fees 160. 0. 160. 0.

Form 990, Part IX, Line 24E

Miscellaneous 391. 100. 291. 0.

Form 990, Part IX, Line 24E

Bank Fees 10. 0. 10. 0.

Form 990, Part IX, Line 24E

Auto 162. 0. 162. 0.

Form 990, Part IX, Line 24E

Halloween Costumes 985. 985. 0. 0.

Form 990, Part IX, Line 24E

Marketing 6700. 6700. 0. 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 2018, 2017, 2016 and 2015 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/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt038639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt012299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0391435
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0129
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.72710
IRS990ScheduleA/PublicSupportPY509Pct00.69810
IRS990ScheduleA/PublicSupportTotal509Amt0814354
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt041000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0141000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt041000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt052500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0305500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0243430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0385004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0199920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0150523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0140977
IRS990ScheduleA/Total509Grp/TotalAmt01119854
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01119983
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03501
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01499
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
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 2018, 2017, 2016 and 2015 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/TotalBookValueLandBuildingsAmt03501
IRS990ScheduleD/TotalLiabilityAmt0230
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/ExplanationTxt2Website 829. 0. 829. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Licenses and fees 160. 0. 160. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Miscellaneous 391. 100. 291. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Fees 10. 0. 10. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Auto 162. 0. 162. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Halloween Costumes 985. 985. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Marketing 6700. 6700. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0109287
IRS990/TotalAssetsEOYAmt0147778
IRS990/TotalAssetsGrp/BOYAmt0109287
IRS990/TotalAssetsGrp/EOYAmt0147778
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0146567
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018728
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05534
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0180677
IRS990/TotalFunctionalExpensesGrp/TotalAmt0204939
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031475
IRS990/TotalLiabilitiesEOYAmt0230
IRS990/TotalLiabilitiesGrp/BOYAmt031475
IRS990/TotalLiabilitiesGrp/EOYAmt0230
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt077812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147548
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0180677
IRS990/TotalProgramServiceRevenueAmt096863
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096863
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0243430
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0109287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0147778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt077812
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0147548
IRS990/USAddress/AddressLine1Txt055 Hickory Lane
IRS990/USAddress/CityNm0Boxford
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001921
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09

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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