Drum Point Project INC

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EIN 52-1335361 Mutual-benefit / member-serving Lusby, MD
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$108K
FY2025▲ +13%
Expenses
$80K
FY2025▲ +10%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Offers recreation and fellowship opportunities to members. For fiscal year 2025 it reported $108K in revenue, $80K in expenses, and $489K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Lusby, MD
Filings
5 on file (2021–2025)
Revenue
$108KFY2025
Expenses
$80K
Net assets
$489K
People
4
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Provided by the organization

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Size
$100K–1M
What they do
Offers recreation and fellowship opportunities to members.
Leadership
Russell Tokarski · President
Money in and out
$108K revenue, $80K expenses
Bottom line
+26% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social or recreational club.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

93% to programs

93% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +13% vs prior year

Revenue band $100K–1M, +13% versus the prior filing year (up). See detail →

Reported financial activity · FY2025
Total revenue
$108K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$489K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Surplus margin
+26%
revenue over expenses, this year▲ +8% vs prior filing year
Program spending
93%
of expenses reach programs▼ -2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$532K
FY2025▲ +3%
Total liabilities
$44K
FY2025▼ -23%
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$532K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CDrum Point Project INC
EINHdr · item D52-1335361
Principal addressHdr · item CLusby, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Provided Members with recreational and social activities designed to encourage community spirit and cohesiveness.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$90K · 83%
Other revenue$10K · 9%
Investment income$5K · 4%
Program service revenue$3K · 3%
Contributions & grants83%$90K
Other revenue9%$10K
Investment income4%$5K
Program service revenue3%$3K
Total revenueLn 12$108K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$74K
Management & general7%$5K
Total functional expensesLn 25$80K

Balance Sheet

Part X · end of year
CashLn 1$156K
Total assetsLn 16$532K
Total liabilitiesLn 26$44K
Total net assetsLn 32$489K
Months of cash on handcomputed23.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $156K · Operating expenses/yr $80K
23.5 months
Where the money goes
Program services
Program services $74K · Total expenses $80K
93%
Management & General
Management & general $5K · Total expenses $80K
7%
Fundraising
Fundraising $0 · Total expenses $80K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $90K · Total revenue $108K
83%
Government reliance
Government grants — · Total revenue $108K
—
Earned-income share
Program service revenue $3K · Total revenue $108K
3%
Investment reliance
Investment income $5K · Total revenue $108K
+4%
Program self-sufficiency
Program service revenue $3K · Total expenses $80K
4%
Growth & trend
Revenue growth (YoY)
This year $108K · Prior year $96K
+13%
Revenue CAGR
FY2020 $83K · FY2024 $108K
+7%
Net-asset trend (YoY)
End of year $489K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $108K · Expenses $80K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $532K
—
Net-asset ratio
Net assets $489K · Total assets $532K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $532K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Russell Tokarski · Reported title President · Highest reported compensation $0 · Total expenses $80K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $80K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 7%——
Fundraising cost ratio 0%——
Revenue growth 13%——
Accounting fee ratio 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$108K revenue · viewing · ⤓ 990 PDF
FY2024$96K revenue · ⤓ 990 PDF
FY2023$99K revenue · ⤓ 990 PDF
FY2022$80K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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