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Bay Head Improvement Association

Not tax-deductible

Bay Head, NJ501(c)(7)EIN 21-0403202

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Operation of bathing beaches in Bay Head new jersey

Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $46K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$4K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+15% vs prior year
Spent
$1.1M
To programs
0%
Net assets
$676K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +15%
Revenue by fiscal year
FY2020$838K
FY2021$1.0M
FY2022$928K
FY2023$951K
FY2024$1.1M
Expenses
$1.1M
FY2024▲ +17%
Expenses by fiscal year
FY2020$741K
FY2021$889K
FY2022$869K
FY2023$976K
FY2024$1.1M
Net assets
$676K
FY2024▼ -8%
Net assets by fiscal year
FY2020$578K
FY2021$723K
FY2022$725K
FY2023$731K
FY2024$676K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bay Head Improvement Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates bathing beaches in Bay Head, New Jersey.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

Operation of bathing beaches in the borough of bay head , NJ

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$42K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$676K
net assets · Ln 32
Total assetsLn 16$680K
LiabilitiesLn 26$4K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$42K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$0
InvestmentsLn 11–13$603K
Land, buildings, equipmentLn 10c$78K
Total assetsLn 16$680K
LiabilitiesLn 26$4K
Net assetsLn 32$676K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$28K$0
InvestmentsLn 11–13$570K$603K
Land, buildings, equipmentLn 10c$99K$78K
Total assetsLn 16$732K$680K
LiabilitiesLn 26$1K$4K
Net assetsLn 32$731K$676K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$0
Other salaries and wagesLn 7$644K$0$0$0
Payroll taxesLn 10$57K$0$0$0
Office expensesLn 13$19K$0$0$0
OccupancyLn 16$18K$0$0$0
Depreciation, depletion and amortizationLn 22$21K$0$0$0
InsuranceLn 23$134K$0$0$0
Other expenses (24a–d)Ln 24$23K$0$0$0
All other expensesLn 24e$214K$0$0$0
Total functional expensesLn 25$1.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.1M−$46K$676K 990 PDF
FY2023 $951K$976K−$25K$731K 990 PDF
FY2022 $928K$869K$59K$725K 990 PDF
FY2021 $1.0M$889K$147K$723K 990 PDF
FY2020 $838K$741K$98K$578K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,096,099 across 4 lines filed
VIII-1b Membership dues$1,053,918
VIII-1h Total contributions, gifts and grants$1,053,918
VIII-3 Investment incomeUnrelated business $42,181 · Excluded from tax $0$42,181
VIII-12 Total revenueRelated to mission $0 · Unrelated business $42,181 · Excluded from tax $0$1,096,099
Part IX · Statement of functional expenses $1,141,815 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $0$11,725
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$643,544
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$57,353
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$18,675
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$17,781
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$21,092
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$134,110
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$23,127
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$214,408
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,141,815
Part X · Balance sheet $680,272 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $27,555$0
X-9 Prepaid expenses and deferred chargesStart of year $35,928$0
X-10c Land, buildings and equipment, netStart of year $98,730$77,638
X-12 Other securitiesStart of year $570,267$602,635
X-14 Intangible assetsStart of year −$1−$1
X-16 Total assetsStart of year $732,479$680,272
X-17 Accounts payable and accrued expensesStart of year $1,243$4,422
X-26 Total liabilitiesStart of year $1,243$4,422
X-27 Net assets without donor restrictionsStart of year $731,236$675,850
X-32 Total net assets or fund balancesStart of year $731,236$675,850
X-33 Total liabilities and net assetsStart of year $732,479$680,272
Part XI · Reconciliation of net assets $675,850 net assets at year end
XI-1 Total revenue$1,096,099
XI-2 Total expenses$1,141,815
XI-3 Revenue less expenses−$45,716
XI-4 Net assets at start of year$731,236
XI-5 Net unrealized gains (losses) on investments−$9,670
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$675,850

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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