Civic Intelligence

Friends of the Coastal Arts Pavilion at Freeman Park Inc.

990 • Fiscal year 2017 • EIN 81-0917191

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 12, 2018

Organization ProfileWWW.FREEMANSTAGE.ORG/COASTAL-ARTS-PAVILION
31556 Winterberry ParkwaySelbyville, DE 19975

(302) 436-6241

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$254,137

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

98th percentile

402%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$863,709

Up $691,496 (+402%) from 2016

Net Assets

Up

$863,709

Up $867,077 (+25745%) from 2016

Liabilities

Down

$0

Down $175,581 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin99th percentile

Revenue

Up

$869,363

Up $869,363 from 2016

Expenses

Down

$2,286

Down $1,082 (-32%) from 2016

Net Income

Up

$867,077

Up $870,445 (+25845%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0-$10MAssets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $172,213Liabilities 2016: $175,581Net Assets 2016: -$3,3682016Assets 2017: $863,709Liabilities 2017: $0Net Assets 2017: $863,7092017Assets 2018: $6,190,319Liabilities 2018: $1,711Net Assets 2018: $6,188,6082018Assets 2019: $8,185,523Liabilities 2019: $0Net Assets 2019: $8,185,5232019Assets 2020: $11,712,682Liabilities 2020: $16,316Net Assets 2020: $11,696,3662020Assets 2021: $11,937,734Liabilities 2021: $14,022Net Assets 2021: $11,923,7122021Assets 2022: $24,528,725Liabilities 2022: $5,848Net Assets 2022: $24,522,8772022Assets 2023: $25,609,308Liabilities 2023: $13,711Net Assets 2023: $25,595,5972023Assets 2024: $29,866,963Liabilities 2024: $0Net Assets 2024: $29,866,9632024

Highlighted filing

2017

Assets$863,709
Liabilities$0
Net Assets$863,709
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $3,368Net Income 2016: -$3,3682016Revenue 2017: $869,363Expenses 2017: $2,286Net Income 2017: $867,0772017Revenue 2018: $5,327,742Expenses 2018: $3,900Net Income 2018: $5,323,8422018Revenue 2019: $1,963,284Expenses 2019: $3,529Net Income 2019: $1,959,7552019Revenue 2020: $3,528,800Expenses 2020: $5,209Net Income 2020: $3,523,5912020Revenue 2021: $1,484,950Expenses 2021: $1,205,762Net Income 2021: $279,1882021Revenue 2022: $13,335,740Expenses 2022: $87,748Net Income 2022: $13,247,9922022Revenue 2023: $2,515,933Expenses 2023: $1,638,584Net Income 2023: $877,3492023Revenue 2024: $5,227,780Expenses 2024: $830,964Net Income 2024: $4,396,8162024

Highlighted filing

2017

Revenue$869,363
Expenses$2,286
Net Income$867,077
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 12, 2018
Return Version
2017v2.3
Gross Receipts
$869,363
Mission and Program Overview

Mission

Supporting the joshua m. Freeman foundation whose mission is to partner to present memorable performances and to provide inspired arts education for all.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$151,000-
Total Assets$172,213$863,709▲ $691,496
Other Assets Total$172,213$712,709▲ $540,496
Liabilities
Other Liabilities$175,581$0▼ $175,581
Total Liabilities$175,581$0▼ $175,581
Net Assets / Fund Balance
Unrestricted Net Assets$-3,368$712,709▲ $716,077
Temporarily Rstr Net Assets-$151,000-
Total Net Assets Fund Balance$-3,368$863,709▲ $867,077
Total Liabilities and Net Assets / Fund Balance$172,213$863,709▲ $691,496

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$712,709--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleOtherTotal
Michelle L FreemanChairman/president$114,069$114,069
Christine ShreveVice President/ Director$3,500$3,500

Board Members and Trustees

NameTitle
Alan LevinDirector
Jose SomaloDirector
L Drexel DavidsonDirector
Sara Chase CarlsonDirector
Debra KilleenDirector (from 11/2017)
Gregory SmithDirector (from 11/2017)
Ginger WardDirector (from 8/2017)
Vincent KilleenDirector (until 9/2017)
Patti GrimesExecutive Director
Virginia Esteban-somaloSecretary/director
Cathy Davies-harmonTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$869,363
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$867,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$869,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$869,363
Total Revenue per Form 990
$869,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,286--$2,286
Total Functional Expenses$2,286$0$0$2,286

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,286
Total Expenses per Audited Statements$2,286
Total Expenses per Form 990$2,286
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Christine a. Shreve has a business relationship with michelle l. Freeman. Virginia esteban somalo and jose somalo have a family relationship.”

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

“The organization's controller reviews the draft of the form 990 with the independent cpa, foundation executive director, and audit committee chair/vp. A copy of the final form 990 was provided to board members in advance of filing with the irs.”

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

“The conflict of interest policy is distributed annually. The form addresses not just the acknowledgement of receiving and reading the form, but requires each individual to affirmatively report potential conflicts. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists.”

Form 990, Part VI, Section B, Line 15

“The organization does not have any employees. All employees are compensated by a related organization, the joshua m. Freeman foundation (jmff). When establishing compensation, extensive analytical research is performed and data is obtained on compensation at all levels of employment within the organization utilizing multiple sources. Such analysis includes comparability data based on geographic area, non-profit classification and budget of the organization. Board members are provided with the analysis prior to the board meeting at which time proposed compensation is deliberated and finalized for the year. The last compensation review took place november 2017.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of the Coastal Arts
EIN
81-0917191
Phone
3024366241
Address
31556 WINTERBERRY PARKWAY, SELBYVILLE, DE 19975

Signing Officer

Name
Michelle L Freeman
Title
Chairman/president
Phone
3024366241
Signed
2018-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Freeman
Formed
2015
Legal Domicile
De
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
9

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other consulting: program service expenses 2,286. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,286.”

Financial Statement Notes

PART X, LINE 2:

“For the years ended december 31, 2017 and 2016, the organization has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0869363
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, THE ORGANIZATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATTI GRIMES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0254137
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. ALL EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION, THE JOSHUA M. FREEMAN FOUNDATION (JMFF). JMFF USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRISTINE A. SHREVE HAS A BUSINESS RELATIONSHIP WITH MICHELLE L. FREEMAN. VIRGINIA ESTEBAN SOMALO AND JOSE SOMALO HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONTROLLER REVIEWS THE DRAFT OF THE FORM 990 WITH THE INDEPENDENT CPA, FOUNDATION EXECUTIVE DIRECTOR, AND AUDIT COMMITTEE CHAIR/VP. A COPY OF THE FINAL FORM 990 WAS PROVIDED TO BOARD MEMBERS IN ADVANCE OF FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY. THE FORM ADDRESSES NOT JUST THE ACKNOWLEDGEMENT OF RECEIVING AND READING THE FORM, BUT REQUIRES EACH INDIVIDUAL TO AFFIRMATIVELY REPORT POTENTIAL CONFLICTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. ALL EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION, THE JOSHUA M. FREEMAN FOUNDATION (JMFF). WHEN ESTABLISHING COMPENSATION, EXTENSIVE ANALYTICAL RESEARCH IS PERFORMED AND DATA IS OBTAINED ON COMPENSATION AT ALL LEVELS OF EMPLOYMENT WITHIN THE ORGANIZATION UTILIZING MULTIPLE SOURCES. SUCH ANALYSIS INCLUDES COMPARABILITY DATA BASED ON GEOGRAPHIC AREA, NON-PROFIT CLASSIFICATION AND BUDGET OF THE ORGANIZATION. BOARD MEMBERS ARE PROVIDED WITH THE ANALYSIS PRIOR TO THE BOARD MEETING AT WHICH TIME PROPOSED COMPENSATION IS DELIBERATED AND FINALIZED FOR THE YEAR. THE LAST COMPENSATION REVIEW TOOK PLACE NOVEMBER 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER CONSULTING: PROGRAM SERVICE EXPENSES 2,286. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,286.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0JOSHUA M FREEMAN FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE CARL M FREEMAN FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1GRANT MAKING ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PRIVATE FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ROCKVILLE
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0151000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0172213
IRS990/TotalAssetsEOYAmt0863709
IRS990/TotalAssetsGrp/BOYAmt0172213
IRS990/TotalAssetsGrp/EOYAmt0863709
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0869363
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalGrossUBIAmt00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$863,709
Liabilities
$0
Net assets
$863,709
Revenue
$869,363
Expenses
$2,286
Net income
$867,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.9$0.00$29.9$5.23$0.83$4.40
2023Detailed filing. Detailed filing data is available for this year.$25.6$0.01$25.6$2.52$1.64$0.88
2022Detailed filing. Detailed filing data is available for this year.$24.5$0.01$24.5$13.3$0.09$13.2
2021Detailed filing. Detailed filing data is available for this year.$11.9$0.01$11.9$1.48$1.21$0.28
2020Detailed filing. Detailed filing data is available for this year.$11.7$0.02$11.7$3.53$0.01$3.52
2019Summary only. Only limited summary data is available for this year.$8.19$0.00$8.19$1.96$0.00$1.96
2018Summary only. Only limited summary data is available for this year.$6.19$0.00$6.19$5.33$0.00$5.32
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.87$0.00$0.87
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.18$0.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00