Sky Bryce Association INC FY2024 filing

Not tax-deductible

Basye, VA501(c)(4)Since 1974EIN 23-7326439

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To maintain roads and to further and promote the community welfare of the property owners at Bryce mountain which is located near basye in shenandoah county, virginia.

71¢ of each $1 spent went to programs.
$49K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
4 of 5
filings with a surplus
Average surplus $246K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$260K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+11% vs prior year
Spent
$961K
To programs
71%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +11%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.5M
FY2024$1.4M
Expenses
$961K
FY2024▼ -10%
Expenses by fiscal year
FY2020$1.2M
FY2021$927K
FY2022$1.1M
FY2023$1.1M
FY2024$961K
FY2024$950K
Net assets
$2.0M
FY2024▲ +33%
Net assets by fiscal year
FY2020$904K
FY2021$1.2M
FY2022$1.3M
FY2023$1.5M
FY2024$2.0M
FY2024$2.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1974.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $680K Management & general 29% · $281K

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

8 people listed on the 990; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Office Manager
$48,538Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Bonnie L Henry————$62,897$59,172
Laura McDaniel$59,129$48,538$48,538$41,021$40,028—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains roads and promotes community for property owners.

Provided by the organization

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2 program services account for $680K of program spending, described in the organization's own filed words · FY2023.
01

Road services. Revenues from assessments are not allocated to separate activities.

$427Kprogram expense
02

Patrol services. Revenues from assessments are not allocated to separate activities.

$254Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$80K
Other incomeLn 4–11$36K
Money outPt IX
$961K
Ln 25
Programscol B$680K
Managementcol C$281K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.3M
LiabilitiesLn 26$260K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$80K
Other incomeLn 4–11$36K
Gains on assetsLn 7$32K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$401K
Total assetsLn 16$2.3M
LiabilitiesLn 26$260K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 516
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$1.3M$1.7M
Land, buildings, equipmentLn 10c$351K$401K
Total assetsLn 16$1.7M$2.3M
LiabilitiesLn 26$195K$260K
Net assetsLn 32$1.5M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K$49K
Other salaries and wagesLn 7$383K$323K$60K
Pension plan contributionsLn 8$17K$13K$4K
Other employee benefitsLn 9$65K$45K$19K
Payroll taxesLn 10$36K$27K$9K
Legal feesLn 11b$61K$61K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$11K$1K$9K
Advertising and promotionLn 12$189$189
Office expensesLn 13$23K$13K$10K
Information technologyLn 14$785$785
OccupancyLn 16$25K$20K$5K
Depreciation, depletion and amortizationLn 22$56K$55K$2K
InsuranceLn 23$36K$28K$8K
Other expenses (24a–d)Ln 24$171K$157K$15K
Total functional expensesLn 25$961K$680K$281K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.5M$961K$490K$2.0M 990 PDF
FY2023 $1.3M$1.1M$236K$1.5M 990 PDF
FY2022 $1.3M$1.1M$202K$1.3M 990 PDF
FY2021 $1.2M$927K$306K$1.2M 990 PDF
FY2020 $1.2M$1.2M−$7K$904K 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 $1,451,243 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,335,645$1,335,645
VIII-3 Investment incomeExcluded from tax $48,011$48,011
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,000$32,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,587$35,587
VIII-12 Total revenueRelated to mission $1,403,232 · Unrelated business $0 · Excluded from tax $48,011$1,451,243
Part IX · Statement of functional expenses $960,866 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $48,538$48,538
IX-7 Other salaries and wagesPrograms $322,894 · Management $60,377$383,271
IX-8 Pension plan contributionsPrograms $12,646 · Management $4,390$17,036
IX-9 Other employee benefitsPrograms $45,236 · Management $19,304$64,540
IX-10 Payroll taxesPrograms $26,780 · Management $9,005$35,785
IX-11b Legal feesManagement $60,822$60,822
IX-11c Accounting feesManagement $27,485$27,485
IX-11g Other fees for servicesPrograms $1,400 · Management $9,425$10,825
IX-12 Advertising and promotionManagement $189$189
IX-13 Office expensesPrograms $12,638 · Management $10,345$22,983
IX-14 Information technologyManagement $785$785
IX-16 OccupancyPrograms $19,580 · Management $5,311$24,891
IX-22 Depreciation, depletion and amortizationPrograms $54,786 · Management $1,552$56,338
IX-23 InsurancePrograms $27,508 · Management $8,451$35,959
IX-24 Other expenses (24a–d)Programs $156,741 · Management $14,678$171,419
IX-25 Total functional expensesPrograms $680,209 · Management $280,657 · Fundraising $0$960,866
Part X · Balance sheet $2,253,326 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $684,841$90,435
X-2 Savings and temporary cash investmentsStart of year $582,571$1,639,768
X-4 Accounts receivableStart of year $80,524$122,590
X-10c Land, buildings and equipment, netStart of year $350,544$400,533
X-16 Total assetsStart of year $1,698,480$2,253,326
X-17 Accounts payable and accrued expensesStart of year $113,653$138,522
X-19 Deferred revenueStart of year $38,343$63,043
X-26 Total liabilitiesStart of year $195,497$259,966
X-32 Total net assets or fund balancesStart of year $1,502,983$1,993,360
X-33 Total liabilities and net assetsStart of year $1,698,480$2,253,326
Part XI · Reconciliation of net assets $1,993,360 net assets at year end
XI-1 Total revenue$1,451,243
XI-2 Total expenses$960,866
XI-3 Revenue less expenses$490,377
XI-4 Net assets at start of year$1,502,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,993,360

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

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