Civic Intelligence

Warm Beach Water Association

990 • Fiscal year 2017 • EIN 91-6029454

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileN/A
17202 84th Ave NWStanwood, WA 98292

(360) 652-7660

Siviq Scores

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

Liabilities / Assets

54th percentile

0.30x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

1.34x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

94th percentile

37%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

13%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

39%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,014,280

Up $227,102 (+13%) from 2016

Net Assets

Up

$1,419,389

Up $226,084 (+19%) from 2016

Liabilities

Up

$594,891

Up $1,018 (+0.2%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin94th percentile

Revenue

Up

$442,540

Up $124,992 (+39%) from 2016

Expenses

Down

$278,261

Down $13,640 (-4.7%) from 2016

Net Income

Up

$164,279

Up $138,632 (+541%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,789,759Liabilities 2011: $666,032Net Assets 2011: $1,123,7272011Assets 2012: $1,763,113Liabilities 2012: $661,385Net Assets 2012: $1,101,7282012Assets 2013: $1,708,803Liabilities 2013: $640,895Net Assets 2013: $1,067,9082013Assets 2014: $1,690,844Liabilities 2014: $628,202Net Assets 2014: $1,062,6422014Assets 2015: $1,694,309Liabilities 2015: $625,527Net Assets 2015: $1,068,7822015Assets 2016: $1,787,178Liabilities 2016: $593,873Net Assets 2016: $1,193,3052016Assets 2017: $2,014,280Liabilities 2017: $594,891Net Assets 2017: $1,419,3892017Assets 2018: $2,237,374Liabilities 2018: $569,580Net Assets 2018: $1,667,7942018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$2,014,280
Liabilities$594,891
Net Assets$1,419,389
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$500K$0-$500K-$1.0M-$1.5MExpenses 2011: $251,5962011Expenses 2012: $240,5152012Expenses 2013: $255,5772013Revenue 2014: $247,569Expenses 2014: $285,720Net Income 2014: -$38,1512014Revenue 2015: $246,913Expenses 2015: $267,887Net Income 2015: -$20,9742015Revenue 2016: $317,548Expenses 2016: $291,901Net Income 2016: $25,6472016Revenue 2017: $442,540Expenses 2017: $278,261Net Income 2017: $164,2792017Revenue 2018: $471,582Expenses 2018: $290,279Net Income 2018: $181,3032018Revenue 2019: -$1,022,064Expenses 2019: $104,174Net Income 2019: -$1,126,2382019

Highlighted filing

2017

Revenue$442,540
Expenses$278,261
Net Income$164,279
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$442,540
Mission and Program Overview

Mission

A water association whose mission is to provide quality water and distribution to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,521,665$1,586,486▲ $64,821
Land, Buildings, and Equipment, Net$1,284,200$1,205,491▼ $78,709
Savings and Temporary Cash Investments$152,577$320,669▲ $168,092
Cash and Non-Interest-Bearing Accounts$33,822$136,246▲ $102,424
Accounts Receivable$53,802$89,349▲ $35,547
Prepaid Expenses and Deferred Charges$12,133$12,133→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$-328,360$-167,097▲ $161,263
Total Assets$1,787,178$2,014,280▲ $227,102
Other Assets Total$250,644$250,392▼ $252
Liabilities
Mortgage Notes Payable Secured by Investment Property$580,130$562,575▼ $17,555
Accounts Payable and Accrued Expenses$13,743$20,029▲ $6,286
Other Liabilities-$12,287-
Total Liabilities$593,873$594,891▲ $1,018
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,193,305$1,419,389▲ $226,084
Total Liabilities and Net Assets / Fund Balance$1,787,178$2,014,280▲ $227,102

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$979,068$913,770$1,892,838
Equipment$138,434$321,836$460,270
Buildings$57,384$51,589$108,973
Land$30,605-$30,605
Other Assets Org$250,000--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Paul StephensPresident
Joe TruglioVice President
Debbie KellerBoard Member
Randy BrownBoard Member
Dave RidgewaySecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$439,977
Investment Income
$2,563
Other Revenue
$0
Change in Net Assets
$164,279

Audited Revenue Reconciliation

Revenue per Audited Statements
$442,540
Total Revenue per Audited Statements
$442,540
Total Revenue per Form 990
$442,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$278,261
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 Management$80,757--$80,757
Depreciation Depletion$78,708--$78,708
Interest$30,781--$30,781
Occupancy$11,405--$11,405
Fees for Services Accounting$7,150--$7,150
All Other Expenses$7,078--$7,078
Office Expenses$3,358--$3,358
Other Expenses$3,333--$3,333
Fees for Services Legal$390--$390
Total Functional Expenses$278,261$0$0$278,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$278,261
Total Expenses per Audited Statements$278,261
Total Expenses per Form 990$278,261
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Payable$9,187
Member Deposits$3,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Each member owns a share in the water association and the water association then distributes water to the members.”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“Minutes of the board of directors' meetings were taken for every meeting held during the year.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The return and its impact were reviewed by the treasurer of the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Warm Beach Water Association
EIN
91-6029454
Phone
3606527660
Address
17202 84TH AVE NW, STANWOOD, WA 98292

Signing Officer

Name
Dave Ridgeway
Title
Secretary/treasurer
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1928
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Langabeer McKernan Burnett PS
Address
PO Box 1269, Stanwood, WA 98292
Preparer
Jerome Burnett CPA
Phone
3606299545
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Capital raised from new memberships = $64821”

Financial Statement Notes

Part X : FIN48 Footnote

“The Association is exempt from federal income tax under Section 501(c)(12) of the Internal Revenue Code and is classified as other than a private foundation. An organization described in Section 501(c)(12) must receive at least 85% of its income from amounts collected from members for the sole purpose of meeting current and future losses and expenses. Accordingly, no provision for income tax is reflected in these financial statements.The Associations Forms 990, Return of Organization Exempt from Income Tax, for the years ending 2015, 2016, and 2017 are subject to examination by the IRS, generally for three years after they were filed.”

Raw XML Appendix388 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.

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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-328360
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-167097
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0152577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0320669
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt057384
IRS990ScheduleD/BuildingsGrp/DepreciationAmt051589
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0108973
IRS990ScheduleD/EquipmentGrp/BookValueAmt0138434
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0321836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0460270
IRS990ScheduleD/ExpensesSubtotalAmt0278261
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt030605
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030605
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0979068
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0913770
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01892838
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0392
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1250000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE CASH ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBERSHIP PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0442540
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association is exempt from federal income tax under Section 501(c)(12) of the Internal Revenue Code and is classified as other than a private foundation. An organization described in Section 501(c)(12) must receive at least 85% of its income from amounts collected from members for the sole purpose of meeting current and future losses and expenses. Accordingly, no provision for income tax is reflected in these financial statements.The Associations Forms 990, Return of Organization Exempt from Income Tax, for the years ending 2015, 2016, and 2017 are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01205491
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0250392
IRS990ScheduleD/TotalExpensesPerForm990Amt0278261
IRS990ScheduleD/TotalLiabilityAmt012287
IRS990ScheduleD/TotalRevenuePerForm990Amt0442540
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0442540
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0278261
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OWNS A SHARE IN THE WATER ASSOCIATION AND THE WATER ASSOCIATION THEN DISTRIBUTES WATER TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES OF THE BOARD OF DIRECTORS' MEETINGS WERE TAKEN FOR EVERY MEETING HELD DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN AND ITS IMPACT WERE REVIEWED BY THE TREASURER OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CAPITAL RAISED FROM NEW MEMBERSHIPS = $64821
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01787178
IRS990/TotalAssetsEOYAmt02014280
IRS990/TotalAssetsGrp/BOYAmt01787178
IRS990/TotalAssetsGrp/EOYAmt02014280
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0278261
IRS990/TotalFunctionalExpensesGrp/TotalAmt0278261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0593873
IRS990/TotalLiabilitiesEOYAmt0594891
IRS990/TotalLiabilitiesGrp/BOYAmt0593873
IRS990/TotalLiabilitiesGrp/EOYAmt0594891
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01193305
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01419389
IRS990/TotalProgramServiceExpensesAmt0278261
IRS990/TotalProgramServiceRevenueAmt0439977
IRS990/TotalRevenueGrp/ExclusionAmt02563
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0439977
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0442540
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01787178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02014280
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE RIDGEWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WARM BEACH WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0WARM
ReturnHeader/Filer/EIN0916029454
ReturnHeader/Filer/PhoneNum03606527660
ReturnHeader/Filer/USAddress/AddressLine1Txt017202 84TH AVE NW
ReturnHeader/Filer/USAddress/CityNm0STANWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098292
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Langabeer McKernan Burnett PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1269
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stanwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098292
ReturnHeader/PreparerPersonGrp/PhoneNum03606299545
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jerome Burnett CPA
ReturnHeader/ReturnTs02018-05-14T13:41:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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
$2,014,280
Liabilities
$594,891
Net assets
$1,419,389
Revenue
$442,540
Expenses
$278,261
Net income
$164,279
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.02$0.10$1.13
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.57$1.67$0.47$0.29$0.18
2017Detailed filing. Detailed filing data is available for this year.$2.01$0.59$1.42$0.44$0.28$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.59$1.19$0.32$0.29$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.63$1.07$0.25$0.27$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.63$1.06$0.25$0.29$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.64$1.07$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.66$1.10$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.67$1.12$0.25