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Nonprofiteer
← FIRE ISLAND PROPERTY OWNERS ASSOCIATION INC

Form 990 for tax year 2023

Filed by FIRE ISLAND PROPERTY OWNERS ASSOCIATION INC.

Totals

Total revenue
$1,022,912
Total expenses
$826,396
Contributions and grants received
$124,410
Grants paid
$3,000
Program service revenue
$546,232
Investment income
$210,267
Other revenue
$142,003
Total assets, end of year
$2,611,566
Total liabilities, end of year
$82,024
Net assets or fund balances, end of year
$2,529,542
Program services expenses (Part IX)
$471,908
Management and general expenses
$354,488
Fundraising expenses
$0
Program service expenses (Part III)
$471,908

Program services were 57.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $124,410

  • 2a · Program service revenue: HARBOR FEES

    total $282,095 · related or exempt $282,095

  • 2b · Program service revenue: BOAT SLIP FEES

    total $264,137 · related or exempt $264,137

  • 3 · Investment income

    total $50,677 · excluded $50,677

  • 7a · Gross sales of assets other than inventory

    other assets $159,590

  • 7c · Gain or loss

    other assets $159,590

  • 7d · Net gain or loss

    total $159,590 · excluded $159,590

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $102,791 · related or exempt $102,791

  • 11b · Other revenue: EMPLOYEE RETENTION CREDIT

    total $39,212 · related or exempt $39,212

  • 11e · Other revenue, total

    $142,003

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 7 · Other salaries and wages

    total $235,611 · program services $163,954 · management and general $71,657

  • 10 · Payroll taxes

    total $30,570 · program services $10,528 · management and general $20,042

  • 11b · Fees: legal

    total $10,506 · program services $10,506

  • 11c · Fees: accounting

    total $16,021 · management and general $16,021

  • 11d · Fees: lobbying

    total $15,000 · program services $15,000

  • 11g · Fees: other

    total $42,975 · program services $12,787 · management and general $30,188

  • 12 · Advertising and promotion

    total $1,682 · program services $34 · management and general $1,648

  • 16 · Occupancy

    total $29,819 · program services $29,819

  • 17 · Travel

    total $20,300 · program services $8,903 · management and general $11,397

  • 22 · Depreciation, depletion and amortization

    total $46,743 · program services $46,743

  • 23 · Insurance

    total $113,400 · program services $36,774 · management and general $76,626

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $88,306 · program services $18,613 · management and general $69,693

  • 24b · Other expenses: MAINTENANCE & REPAIRS

    total $86,700 · program services $83,750 · management and general $2,950

  • 24c · Other expenses: COMPUTER & TECHNOLOGY

    total $23,083 · program services $500 · management and general $22,583

  • 24d · Other expenses: POSTAGE

    total $21,896 · management and general $21,896

  • 24e · All other expenses

    total $40,784 · program services $30,997 · management and general $9,787

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,250 · end of year $133,881

  • 2 · Savings and temporary cash investments

    beginning of year $463,833 · end of year $446,646

  • 4 · Accounts receivable

    beginning of year $158,264 · end of year $92,933

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,382 · end of year $289,825

  • 10a · Land, buildings and equipment: cost or other basis

    $876,407

  • 10b · Land, buildings and equipment: accumulated depreciation

    $631,873

  • 10c · Land, buildings and equipment, net

    beginning of year $224,979 · end of year $244,534

  • 11 · Investments: publicly traded securities

    beginning of year $1,238,509 · end of year $1,403,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,191 · end of year $82,024

  • 27 · Net assets without donor restrictions

    beginning of year $2,333,026 · end of year $2,529,542

Mission and programs · 2023

Mission

ESTABLISHED TO MAINTAIN, IMPROVE, BEAUTIFY AND PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE FIRE ISLAND PINES COMMUNITY.

  • HARBOR- ESTABLISHED TO OWN, MAINTAIN, IMPROVE & BEAUTIFY THE FIRE ISLAND PINES HARBOR PROPERTY.

    Expenses $367,905 · Revenue $510,956

  • BEACH & COMMUNITY CLEAN-UP- ESTABLISHED TO MAINTAIN, IMPROVE & BEAUTIFY THE SURROUNDING BEACH COMMUNITY.

    Expenses $87,769 · Grants $3,000

  • COSTS INCURRED IN CONJUNCTION WITH THE OPERATION OF THE COMMUNITY CENTER.

    Expenses $14,198 · Revenue $124,410

  • Expenses $2,036

As filed on the 2023 return.

Listed in Part VII

  • Allan Baum

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Alan Brodherson

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Gary Clinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Henniger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bill Hildebrandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Kirtzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Mai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles A Montorio-Archer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anthony Pietrangolare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nate Pinsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leland Rechis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Henry Robin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Russell Saray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Sawyer

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Edwin Schulhafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.0
Source object
202423189349306332

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