Island Grove Residents Association Inc
- Assets
- $11.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edgartown, MA
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 04-2666929
Organization Overview
Island Grove Residents Association Inc is located in Edgartown, MA. The organization was established in 1988. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Grove Residents Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Island Grove Residents Association Inc generated $51.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $63.7k during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAINTAINING COMMON LAND - REPAIRS & MAINTENANCE, SNOWPLOWING, INSURANCE, UTILITIES, REAL ESTATE TAXES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mckay President & Secretary | 4 | $0 | |
Melanie Rankow Prescott Vice President | 2 | $0 | |
Carol Ramsey Trustee | 0.5 | $0 | |
Bruce Rosinoff Trustee | 0.5 | $0 | |
Andrew Keenan Trustee | 0.5 | $0 | |
Francine Agnoli Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,113 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,127 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,044 |
| Occupancy, rent, utilities, and maintenance | $50,638 |
| Printing, publications, postage, and shipping | $367 |
| Other expenses | $7,638 |
| Total expenses | $63,687 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,762 |
| Other assets | $0 |
| Total assets | $11,762 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,762 |