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Bowerman-Loreley Beach Association FY2023 filing

Not tax-deductible

White Marsh, MD501(c)(4)Community DevelopmentEIN 52-1324070Revenue $76K in FY2023

On file with the IRS11303 Beach Rd, 21162-1605 · White Marsh, MDTax-exempt since Mar 2006

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Support community events & activities

33¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.1 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
$76K
-51% vs prior year
Spent
$87K
To programs
33%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$76K
FY2023▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$67K
FY2021$201K
FY2022$155K
FY2023$76K
FY2024$173K
Expenses
$87K
FY2023▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2021$147K
FY2022$71K
FY2023$87K
FY2024$86K
Net assets
$2.4M
FY2023▲ +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 FY2023 Form 990 · see the original

990 PDF Claim
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 Mar 2006.

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

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $29K Management & general 67% · $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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Kausch
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Niles Jones
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Helen Walper
Director
$0Pt VII · Sec A
Dot Fazeli
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 · $25K · in their own filed words · FY2023
01

Picnics & Social

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

$20Kprogram expense
02

Grants to Community Organizations

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

$5Kprogram expense
03

Holiday Events

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

$400program expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$76K
Ln 12
Other incomeLn 4–11$76K
Investment incomeLn 3$29K
Money outPt IX
$87K
Ln 25
Programscol B$29K
Managementcol C$58K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$225K
Total assetsLn 16$2.4M
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$29K
Other incomeLn 4–11$76K
Gains on assetsLn 7−$33K
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$225K
Cash and savings togetherLn 1–2$225K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$493K
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
Net assetsLn 32$2.4M
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 FY23End FY23
Cash and savingsLn 1–2$202K$225K
InvestmentsLn 11–13$1.6M$1.7M
Land, buildings, equipmentLn 10c$508K$493K
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$35$35
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$15K$15K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$37K$25K$13K
All other expensesLn 24e$10K$4K$6K
Total functional expensesLn 25$87K$29K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $173K$86K$87K$2.6M 990 PDF
FY2023 Viewing $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 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 $75,841 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 $18,584−$3,701
I-11 Other revenuePrior year $136,008$79,542
I-12 Total revenuePrior year $154,592$75,841
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 $71,044$86,785
I-18 Total expensesPrior year $71,044$86,785
I-19 Revenue less expensesPrior year $83,548−$10,944
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 $75,841 across 6 lines filed
VIII-3 Investment incomeExcluded from tax $29,403$29,403
VIII-5 RoyaltiesRelated to mission $76,838$76,838
VIII-6 Net rental income or lossRelated to mission $2,200$2,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$33,104−$33,104
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $504$504
VIII-12 Total revenueRelated to mission $79,542 · Unrelated business $0 · Excluded from tax −$3,701$75,841
Part IX · Statement of functional expenses $86,785 across 8 lines filed
IX-11b Legal feesManagement $35$35
IX-11c Accounting feesManagement $3,669$3,669
IX-11f Investment management feesManagement $14,830$14,830
IX-19 Conferences, conventions and meetingsManagement $1,346$1,346
IX-22 Depreciation, depletion and amortizationManagement $15,337$15,337
IX-23 InsuranceManagement $4,355$4,355
IX-24 Other expenses (24a–d)Programs $24,516 · Management $12,550$37,066
IX-24e All other expensesPrograms $4,400 · Management $5,747$10,147
IX-25 Total functional expensesPrograms $28,916 · Management $57,869 · Fundraising $0$86,785
Part X · Balance sheet $2,418,720 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $202,269$225,193
X-10c Land, buildings and equipment, netStart of year $508,152$492,815
X-12 Other securitiesStart of year $1,565,706$1,700,712
X-16 Total assetsStart of year $2,276,127$2,418,720
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,276,127$2,418,720
X-32 Total net assets or fund balancesStart of year $2,276,127$2,418,720
X-33 Total liabilities and net assetsStart of year $2,276,127$2,418,720
Part XI · Reconciliation of net assets $2,418,720 net assets at year end
XI-1 Total revenue$75,841
XI-2 Total expenses$86,785
XI-3 Revenue less expenses−$10,944
XI-4 Net assets at start of year$2,276,127
XI-5 Net unrealized gains (losses) on investments$153,537
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,418,720

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

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