Beach Management Corporation

Charlotte Hall, MDUnknown exempt organization EIN 23-7212045Revenue $92K in FY2021

On file with the IRSbemanco.comPo Box 142 · Charlotte Hall, MD

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To provide benefits to local residents. The organization maintains several beach properties, including waterfront, boat ramps, a pavilion, and other community areas. These areas are for the use of residents and their guests only and not open to the public.

20¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $14K a year · 14% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92K
-21% vs prior year
Spent
$72K
To programs
20%
Net assets
$230K
By yearFY2020–FY2021
Revenue
$92K
FY2021▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$116K
FY2021$92K
Expenses
$72K
FY2021▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$72K
Net assets
$230K
FY2021▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$226K
FY2021$230K

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2021.

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

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $15K Management & general 80% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Beach Management Corporation 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 15aYes

Programs and updates

Maintains beach properties and community areas for local residents' exclusive use.

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Provided by the organization

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1 program · $15K · in their own filed words · FY2021
01

Maintenance of beach properties and piers

$15Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$92K
Ln 12
Gifts and grantsLn 1h$76K
Fees for servicesLn 2g$15K
Other incomeLn 4–11$796
Money outPt IX
$72K
Ln 25
Programscol B$15K
Managementcol C$58K
Owns and owesPt X
$230K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$230K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Fundraising eventsLn 1c$30K
Fees for servicesLn 2g$15K
Other incomeLn 4–11$796
Total revenueLn 12$92K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$29K
Cash and savings togetherLn 1–2$56K
Land, buildings, equipmentLn 10c$142K
Total assetsLn 16$230K
LiabilitiesLn 26$0
Net assetsLn 32$230K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
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 FY21End FY21
Cash and savingsLn 1–2$35K$56K
Land, buildings, equipmentLn 10c$143K$142K
Total assetsLn 16$226K$230K
LiabilitiesLn 26$0$0
Net assetsLn 32$226K$230K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$9K$9K
Payroll taxesLn 10$889$889
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$595$595
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$4K$4K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$33K$10K$23K
Total functional expensesLn 25$72K$15K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $92K$72K$19K$230K 990 PDF
FY2020 $116K$107K$9K$226K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $91,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $95,680$76,170
I-9 Program service revenuePrior year $20,489$14,798
I-10 Investment income$0
I-11 Other revenuePrior year $100$796
I-12 Total revenuePrior year $116,269$91,764
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $9,536$9,397
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $97,942$62,914
I-18 Total expensesPrior year $107,478$72,311
I-19 Revenue less expensesPrior year $8,791$19,453
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $91,764 across 6 lines filed
Lines not itemized here account for $7,461 of total revenue; see the IRS return.
VIII-1b Membership dues$46,298
VIII-1c Fundraising events$29,872
VIII-1h Total contributions, gifts and grants$76,170
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,337$7,337
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $796$796
VIII-12 Total revenueRelated to mission $15,594 · Unrelated business $0 · Excluded from tax $0$91,764
Part IX · Statement of functional expenses $72,311 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $8,508$8,508
IX-10 Payroll taxesManagement $889$889
IX-11b Legal feesManagement $4,675$4,675
IX-11c Accounting feesManagement $1,488$1,488
IX-13 Office expensesManagement $595$595
IX-22 Depreciation, depletion and amortizationManagement $2,094$2,094
IX-23 InsurancePrograms $4,202 · Management $3,525$7,727
IX-24 Other expenses (24a–d)Management $13,291$13,291
IX-24e All other expensesPrograms $10,366 · Management $22,678$33,044
IX-25 Total functional expensesPrograms $14,568 · Management $57,743 · Fundraising $0$72,311
Part X · Balance sheet $230,069 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $6,326$27,116
X-2 Savings and temporary cash investmentsStart of year $28,864$28,903
X-4 Accounts receivableStart of year $47,313$31,990
X-10c Land, buildings and equipment, netStart of year $143,495$142,060
X-16 Total assetsStart of year $225,998$230,069
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $225,998$230,069
X-32 Total net assets or fund balancesStart of year $225,998$230,069
X-33 Total liabilities and net assetsStart of year $225,998$230,069
Part XI · Reconciliation of net assets $230,069 net assets at year end
XI-1 Total revenue$91,764
XI-2 Total expenses$72,311
XI-3 Revenue less expenses$19,453
XI-4 Net assets at start of year$225,998
XI-6 Donated services and use of facilities−$15,359
XI-8 Prior period adjustments−$23
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$230,069

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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