Brae Burn INC FY2023 filing

Not tax-deductible

Redmond, WA501(c)(7)EIN 91-0841599

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The organization provides a source for recreational activities for the community members.

$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · 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
4 of 5
filings with a surplus
Average surplus $32K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$8K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 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
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$285K
-4% vs prior year
Spent
$307K
Net assets
$413K
By yearFY2020–FY2024
Revenue
$285K
FY2023▼ -4%
Revenue by fiscal year
FY2020$253K
FY2021$267K
FY2022$297K
FY2023$285K
FY2024$332K
Expenses
$307K
FY2023▲ +25%
Expenses by fiscal year
FY2020$211K
FY2021$237K
FY2022$245K
FY2023$307K
FY2024$273K
Net assets
$413K
FY2023▼ -5%
Net assets by fiscal year
FY2020$354K
FY2021$383K
FY2022$434K
FY2023$413K
FY2024$471K

From the FY2023 Form 990 · see the original

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 Jul 1972.

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

Who runs it and what they're paid

7 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$8,483Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Lisa Collier$8,978$8,483

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 activities for community members.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

The organization provides recreational and social opportunities for the members through its ownership and maintenance of a golf course, clubhouse and pool facility.

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Fees for servicesLn 2g$280K
Investment incomeLn 3$4K
Other incomeLn 4–11$850
Money outPt IX
$307K
Ln 25
Owns and owesPt X
$413K
net assets · Ln 32
Cash and savingsLn 1–2$265K
Total assetsLn 16$413K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$280K
Investment incomeLn 3$4K
Other incomeLn 4–11$850
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$240K
Cash and savings togetherLn 1–2$265K
Land, buildings, equipmentLn 10c$148K
Total assetsLn 16$413K
LiabilitiesLn 26$0
Net assetsLn 32$413K
OperationsPt I, VI
EmployeesI 54
VolunteersI 610
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$264K$265K
Land, buildings, equipmentLn 10c$171K$148K
Total assetsLn 16$434K$413K
LiabilitiesLn 26$0$0
Net assetsLn 32$434K$413K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$118K
Payroll taxesLn 10$11K
Accounting feesLn 11c$1K
Office expensesLn 13$4K
OccupancyLn 16$16K
Depreciation, depletion and amortizationLn 22$23K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$128K
Total functional expensesLn 25$307K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $332K$273K$59K$471K 990 PDF
FY2023 Viewing $285K$307K−$22K$413K 990 PDF
FY2022 $297K$245K$52K$434K 990 PDF
FY2021 $267K$237K$29K$383K 990 PDF
FY2020 $253K$211K$42K$354K 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 (4 parts)
Part VIII · Statement of revenue $285,475 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,485$280,485
VIII-3 Investment incomeUnrelated business $4,140$4,140
VIII-6 Net rental income or lossUnrelated business $850$850
VIII-12 Total revenueRelated to mission $280,485 · Unrelated business $4,990 · Excluded from tax $0$285,475
Part IX · Statement of functional expenses $307,238 across 8 lines filed
IX-7 Other salaries and wages$117,543
IX-10 Payroll taxes$10,814
IX-11c Accounting fees$1,310
IX-13 Office expenses$4,073
IX-16 Occupancy$15,589
IX-22 Depreciation, depletion and amortization$22,580
IX-23 Insurance$7,157
IX-24 Other expenses (24a–d)$128,172
IX-25 Total functional expenses$307,238
Part X · Balance sheet $412,716 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $56,945$24,848
X-2 Savings and temporary cash investmentsStart of year $206,919$239,833
X-10c Land, buildings and equipment, netStart of year $170,615$148,035
X-16 Total assetsStart of year $434,479$412,716
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $434,479$412,716
X-33 Total liabilities and net assetsStart of year $434,479$412,716
Part XI · Reconciliation of net assets $412,716 net assets at year end
XI-1 Total revenue$285,475
XI-2 Total expenses$307,238
XI-3 Revenue less expenses−$21,763
XI-4 Net assets at start of year$434,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$412,716

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

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