Pine Tree Associates INC FY2021 filing

Not tax-deductible

Crownsville, MD501(c)(7)EIN 52-6017028

$40K paid to officers and key staff.
Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
2 of 5
filings with a surplus
Average deficit $30K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$40K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
6% of total assets
Looks good: liabilities are 6% 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
$647K
+18% vs prior year
Spent
$612K
To programs
0%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$647K
FY2021▲ +18%
Revenue by fiscal year
FY2020$547K
FY2021$647K
FY2022$692K
FY2023$767K
FY2024$870K
Expenses
$612K
FY2021▲ +14%
Expenses by fiscal year
FY2020$537K
FY2021$612K
FY2022$753K
FY2023$821K
FY2024$951K
Net assets
$1.0M
FY2021▲ +4%
Net assets by fiscal year
FY2020$972K
FY2021$1.0M
FY2022$946K
FY2023$892K
FY2024$811K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Sep 1960.

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

Who runs it and what they're paid

11 people listed on the 990; $40K paid to officers and key staff.

Part VII, Section A · reportable compensation
Park Manager
$26,109Pt VII · Sec A
Park Manager
$13,588Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barbara Potter$49,082$65,561$59,060$26,109—
Patsi Arrowsmith———$13,588$53,675
Thomas Friedel$24,000————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Pine Tree Associates INC is a member-serving organization based in Crownsville, MD.

Provided by the organization

This section is blank until Pine Tree Associates INC claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

This Organization is a social club serving approximately 600 persons

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$647K
Ln 12
Fees for servicesLn 2g$626K
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$4K
Money outPt IX
$612K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$412K
Total assetsLn 16$1.1M
LiabilitiesLn 26$66K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Noncash giftsLn 1g$14K
Fees for servicesLn 2g$626K
Investment incomeLn 3$35
Other incomeLn 4–11$4K
Gains on assetsLn 7−$9K
Total revenueLn 12$647K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$377K
Cash and savings togetherLn 1–2$412K
Land, buildings, equipmentLn 10c$648K
Other assetsLn 15$12K
Total assetsLn 16$1.1M
LiabilitiesLn 26$66K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 521
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$380K$412K
Land, buildings, equipmentLn 10c$654K$648K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$62K$66K
Net assetsLn 32$972K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$40K$0$0$0
Other salaries and wagesLn 7$142K$0$0$0
Other employee benefitsLn 9$1K$0$0$0
Payroll taxesLn 10$23K$0$0$0
Legal feesLn 11b$22K$0$0$0
Accounting feesLn 11c$9K$0$0$0
Advertising and promotionLn 12$4K$0$0$0
Office expensesLn 13$36K$0$0$0
OccupancyLn 16$241K$0$0$0
TravelLn 17$883$0$0$0
Depreciation, depletion and amortizationLn 22$49K$0$0$0
InsuranceLn 23$29K$0$0$0
Other expenses (24a–d)Ln 24$15K$0$0$0
Total functional expensesLn 25$612K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $870K$951K−$81K$811K 990 PDF
FY2023 $767K$821K−$55K$892K 990 PDF
FY2022 $692K$753K−$60K$946K 990 PDF
FY2021 Viewing $647K$612K$34K$1.0M 990 PDF
FY2020 $547K$537K$9K$972K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $646,807 across 8 lines filed
Lines not itemized here account for $2,720 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$16,089
VIII-1g Noncash contributions (included above)$14,500
VIII-1h Total contributions, gifts and grants$16,089
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $38,508 · Excluded from tax $0$626,342
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $35$35
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,030 · Unrelated business $0 · Excluded from tax $0−$9,030
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,651 · Unrelated business $0 · Excluded from tax $0$10,651
VIII-12 Total revenueRelated to mission $589,455 · Unrelated business $41,228 · Excluded from tax $35$646,807
Part IX · Statement of functional expenses $612,443 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$39,697
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$141,764
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$1,280
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$22,639
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$22,289
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$9,475
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$4,025
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$35,664
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$241,220
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$883
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$49,450
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$29,005
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$15,052
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$612,443
Part X · Balance sheet $1,071,938 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $64,195$35,083
X-2 Savings and temporary cash investmentsStart of year $315,477$376,566
X-10c Land, buildings and equipment, netStart of year $654,143$648,289
X-15 Other assets$12,000
X-16 Total assetsStart of year $1,033,815$1,071,938
X-17 Accounts payable and accrued expensesStart of year $3,521$5,880
X-25 Other liabilitiesStart of year $58,300$59,700
X-26 Total liabilitiesStart of year $61,821$65,580
X-27 Net assets without donor restrictionsStart of year $967,572$1,002,523
X-28 Net assets with donor restrictionsStart of year $4,422$3,835
X-32 Total net assets or fund balancesStart of year $971,994$1,006,358
X-33 Total liabilities and net assetsStart of year $1,033,815$1,071,938
Part XI · Reconciliation of net assets $1,006,358 net assets at year end
XI-1 Total revenue$646,807
XI-2 Total expenses$612,443
XI-3 Revenue less expenses$34,364
XI-4 Net assets at start of year$971,994
XI-10 Net assets at end of year$1,006,358

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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