Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
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; $37K paid to officers and key staff.
Jon Galvin’s $37K as Administrato is at the 50th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Jon Galvin | $37,025 | $36,875 | $35,875 |
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
Offers recreational facilities for over a million tourists and boaters.
Questions for Derivera Park Trustees
Your first name shows with your question. Derivera Park Trustees answers here, for everyone.
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To operate the park in accordance with the trust deed as a recreational facility for residents, tourists, and boaters. The park receives one million plus visitors over a seven month season. The park is also to preserve and maintain certain woodlands on the island.
To provide scholarships to local area students by making contributions to the general school scholarship fund. Also to provide small contributions to various not for profit organizations sponsored by local area individuals.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $143K | $180K |
| InvestmentsLn 11–13 | $2.2M | $2.0M |
| Land, buildings, equipmentLn 10c | $782K | $738K |
| Total assetsLn 16 | $3.1M | $3.1M |
| LiabilitiesLn 26 | $401K | $201K |
| Net assetsLn 32 | $2.7M | $2.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $37K | $33K | $4K | |
| Other salaries and wagesLn 7 | $46K | $46K | ||
| Payroll taxesLn 10 | $11K | $10K | $1K | |
| Accounting feesLn 11c | $3K | $3K | $326 | |
| Other fees for servicesLn 11g | $6K | $6K | ||
| Office expensesLn 13 | $5K | $5K | ||
| OccupancyLn 16 | $107K | $107K | ||
| TravelLn 17 | $11K | $11K | ||
| InterestLn 20 | $18K | $18K | ||
| Depreciation, depletion and amortizationLn 22 | $15K | $15K | ||
| InsuranceLn 23 | $19K | $19K | ||
| Other expenses (24a–d)Ln 24 | $24K | $24K | ||
| Total functional expensesLn 25 | $302K | $297K | $5K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $438K | $302K | $136K | $2.9M | 990 PDF |
| FY2023 | $482K | $269K | $213K | $2.7M | 990 PDF |
| FY2022 | $300K | $239K | $61K | $2.5M | 990 PDF |
| FY2021 | $277K | $197K | $80K | $2.5M | 990 PDF |
| FY2020 | $1.4M | $224K | $1.2M | $2.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $437,948 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $437,948 across 7 lines filed
Part IX · Statement of functional expenses $302,147 across 12 lines filed
Part X · Balance sheet $3,083,860 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,882,778 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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