Silver Beach Shadowland FY2023 filing

Tax-deductible

Saint Joseph, MI501(c)(3)Community DevelopmentEIN 26-3544635Revenue $365K in FY2023

On file with the IRSshadowlandonsilverbeach.com333 Broad St, 49085-1083 · Saint Joseph, MITax-exempt since Apr 2009Supporting organization — 509(a)(3)

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The corporation shall support Silver Beach carousel society, INC, a michigan nonprofit corporation, and the curious kids' museum, a michigan nonprofit corporation. Support shall include, but not be limited to, providing space for Silver Beach carousel society, INC. And the curious kids' museum operations and managing the Silver Beach development, including conducting related activities.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
1 of 5
filings with a surplus
Average deficit $81K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$365K
-27% vs prior year
Spent
$479K
To programs
57%
Net assets
$996K
By yearFY2020–FY2024
Revenue
$365K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$437K
FY2022$500K
FY2023$365K
FY2024$414K
Expenses
$479K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$421K
FY2021$494K
FY2022$584K
FY2023$479K
FY2024$410K
Net assets
$996K
FY2023▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.1M
FY2023$996K
FY2024$1000K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $273K Management & general 43% · $207K

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

4 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$54,007Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Elizabeth D Harper’s $55K as Former Executive Director is at the 34th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nicole Heugel———$27,429$74,315
Elizabeth D Harper$55,244$54,007———
Elizabeth Harper——$47,408——
Tess Ulrey———$36,618—

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 15aYes

Programs and updates

Provides space and manages development for carousel and children's museum operations.

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Provided by the organization

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1 program · $273K · in their own filed words · FY2023
01

Provided space for the silver beach carousel society, inc and the curious kids' museum, both of which are 510 (c) (3) charities.

$273Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$365K
Ln 12
Fees for servicesLn 2g$338K
Other incomeLn 4–11$26K
Gifts and grantsLn 1h$800
Money outPt IX
$479K
Ln 25
Programscol B$273K
Managementcol C$207K
Owns and owesPt X
$996K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$1.0M
LiabilitiesLn 26$48K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$800
Fees for servicesLn 2g$338K
Investment incomeLn 3$205
Other incomeLn 4–11$26K
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$175K
Cash and savings togetherLn 1–2$175K
Land, buildings, equipmentLn 10c$173K
Other assetsLn 15$632K
Total assetsLn 16$1.0M
LiabilitiesLn 26$48K
Net assetsLn 32$996K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$366K$175K
Land, buildings, equipmentLn 10c$201K$173K
Total assetsLn 16$1.3M$1.0M
LiabilitiesLn 26$213K$48K
Net assetsLn 32$1.1M$996K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K$54K
Other salaries and wagesLn 7$99K$84K$15K
Other employee benefitsLn 9$8K$5K$3K
Payroll taxesLn 10$14K$11K$4K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$3K$3K$679
Information technologyLn 14$26K$10K$16K
OccupancyLn 16$46K$10K$36K
Conferences, conventions and meetingsLn 19$25$25
Depreciation, depletion and amortizationLn 22$28K$25K$3K
InsuranceLn 23$16K$10K$6K
Other expenses (24a–d)Ln 24$135K$56K$79K
All other expensesLn 24e$15K$4K$11K
Total functional expensesLn 25$479K$273K$207K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $414K$410K$4K$1000K 990 PDF
FY2023 Viewing $365K$479K−$114K$996K 990 PDF
FY2022 $500K$584K−$84K$1.1M 990 PDF
FY2021 $437K$494K−$57K$1.2M 990 PDF
FY2020 $265K$421K−$155K$1.3M 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 FY2023 990 (6 parts)
Part I · Summary $364,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $106,386$800
I-9 Program service revenuePrior year $368,432$337,542
I-10 Investment incomePrior year $500$205
I-11 Other revenuePrior year $24,200$26,400
I-12 Total revenuePrior year $499,518$364,947
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $185,480$175,739
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $398,470$303,505
I-18 Total expensesPrior year $583,950$479,244
I-19 Revenue less expensesPrior year −$84,432−$114,297
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $364,947 across 6 lines filed
VIII-1f All other contributions, gifts and grants$800
VIII-1h Total contributions, gifts and grants$800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $337,542$337,542
VIII-3 Investment incomeExcluded from tax $205$205
VIII-6 Net rental income or lossRelated to mission $26,400$26,400
VIII-12 Total revenueRelated to mission $363,942 · Unrelated business $0 · Excluded from tax $205$364,947
Part IX · Statement of functional expenses $479,244 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,007$54,007
IX-7 Other salaries and wagesPrograms $83,925 · Management $15,326$99,251
IX-9 Other employee benefitsPrograms $5,342 · Management $2,877$8,219
IX-10 Payroll taxesPrograms $10,696 · Management $3,566$14,262
IX-11b Legal feesManagement $3,616$3,616
IX-11c Accounting feesManagement $14,494$14,494
IX-12 Advertising and promotionManagement $16,539$16,539
IX-13 Office expensesPrograms $2,714 · Management $679$3,393
IX-14 Information technologyPrograms $10,101 · Management $15,691$25,792
IX-16 OccupancyPrograms $9,930 · Management $35,621$45,551
IX-19 Conferences, conventions and meetingsManagement $25$25
IX-22 Depreciation, depletion and amortizationPrograms $25,320 · Management $2,813$28,133
IX-23 InsurancePrograms $10,278 · Management $5,534$15,812
IX-24 Other expenses (24a–d)Programs $56,107 · Management $78,937$135,044
IX-24e All other expensesPrograms $4,259 · Management $10,847$15,106
IX-25 Total functional expensesPrograms $272,679 · Management $206,565 · Fundraising $0$479,244
Part X · Balance sheet $1,043,997 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $366,056$174,589
X-4 Accounts receivableStart of year $60,741$0
X-8 Inventories for sale or useStart of year $8,080$9,606
X-10c Land, buildings and equipment, netStart of year $200,712$172,579
X-14 Intangible assetsStart of year $55,000$55,000
X-15 Other assetsStart of year $632,223$632,223
X-16 Total assetsStart of year $1,322,812$1,043,997
X-17 Accounts payable and accrued expensesStart of year $106,284$11,674
X-25 Other liabilitiesStart of year $106,265$36,357
X-26 Total liabilitiesStart of year $212,549$48,031
X-27 Net assets without donor restrictionsStart of year $478,041$478,041
X-28 Net assets with donor restrictionsStart of year $632,222$517,925
X-32 Total net assets or fund balancesStart of year $1,110,263$995,966
X-33 Total liabilities and net assetsStart of year $1,322,812$1,043,997
Part XI · Reconciliation of net assets $995,966 net assets at year end
XI-1 Total revenue$364,947
XI-2 Total expenses$479,244
XI-3 Revenue less expenses−$114,297
XI-4 Net assets at start of year$1,110,263
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$995,966

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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