Bowerman-Loreley Beach Association

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Support community events & activities

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average surplus $42K a year · 31% 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
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
46 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 45.8 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173K
+128% vs prior year
Spent
$86K
To programs
38%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$173K
FY2024▲ +128%
Tap a bar for its year
Revenue by fiscal year
FY2020$67K
FY2021$201K
FY2022$155K
FY2023$76K
FY2024$173K
Expenses
$86K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2021$147K
FY2022$71K
FY2023$87K
FY2024$86K
Net assets
$2.6M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.3M
FY2023$2.4M
FY2024$2.6M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $33K Management & general 62% · $53K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Bowerman-Loreley Beach 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds and supports local events and activities that benefit the community.

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Provided by the organization

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3 programs · $27K · in their own filed words · FY2024
01

Picnics & Social

Regular social events to bring the community together to create a pleasant social and joyous theme in the community.

$18Kprogram expense
02

Grants to Community Organizations

Direct financial support to schools, fire companies and organizations giving assistance to needy neighbors.

$8Kprogram expense
03

Holiday Events

Social events for community at easter, christmas, safe halloween program, athletic events and community outreach to needy neighbors in area.

$614program expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$173K
Ln 12
Investment incomeLn 3$94K
Other incomeLn 4–11$79K
Money outPt IX
$86K
Ln 25
Programscol B$33K
Managementcol C$53K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$94K
Other incomeLn 4–11$79K
Gains on assetsLn 7$30K
Total revenueLn 12$173K
Assets in detailPt X, end of year
CashLn 1$327K
Cash and savings togetherLn 1–2$327K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$477K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$225K$327K
InvestmentsLn 11–13$1.7M$1.8M
Land, buildings, equipmentLn 10c$493K$477K
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$16K$16K
Office expensesLn 13$52$52
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$34K$28K$6K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$86K$33K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $173K$86K$87K$2.6M 990 PDF
FY2023 $76K$87K−$11K$2.4M 990 PDF
FY2022 $155K$71K$84K$2.3M 990 PDF
FY2021 $201K$147K$54K$2.4M 990 PDF
FY2020 $67K$71K−$4K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $172,829 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$3,701$93,995
I-11 Other revenuePrior year $79,542$78,834
I-12 Total revenuePrior year $75,841$172,829
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,785$85,689
I-18 Total expensesPrior year $86,785$85,689
I-19 Revenue less expensesPrior year −$10,944$87,140
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $172,829 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $64,372$64,372
VIII-5 RoyaltiesRelated to mission $74,384$74,384
VIII-6 Net rental income or lossRelated to mission $4,450$4,450
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,623$29,623
VIII-12 Total revenueRelated to mission $78,834 · Unrelated business $0 · Excluded from tax $93,995$172,829
Part IX · Statement of functional expenses $85,689 across 8 lines filed
IX-11c Accounting feesManagement $4,190$4,190
IX-11f Investment management feesManagement $15,810$15,810
IX-13 Office expensesManagement $52$52
IX-19 Conferences, conventions and meetingsManagement $1,232$1,232
IX-22 Depreciation, depletion and amortizationManagement $15,573$15,573
IX-23 InsuranceManagement $4,121$4,121
IX-24 Other expenses (24a–d)Programs $27,623 · Management $5,951$33,574
IX-24e All other expensesPrograms $5,092 · Management $6,045$11,137
IX-25 Total functional expensesPrograms $32,715 · Management $52,974 · Fundraising $0$85,689
Part X · Balance sheet $2,567,921 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $225,193$326,878
X-10c Land, buildings and equipment, netStart of year $492,815$477,243
X-12 Other securitiesStart of year $1,700,712$1,763,800
X-16 Total assetsStart of year $2,418,720$2,567,921
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,418,720$2,567,921
X-32 Total net assets or fund balancesStart of year $2,418,720$2,567,921
X-33 Total liabilities and net assetsStart of year $2,418,720$2,567,921
Part XI · Reconciliation of net assets $2,567,921 net assets at year end
XI-1 Total revenue$172,829
XI-2 Total expenses$85,689
XI-3 Revenue less expenses$87,140
XI-4 Net assets at start of year$2,418,720
XI-5 Net unrealized gains (losses) on investments$61,555
XI-8 Prior period adjustments$506
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,567,921

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

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