Fire Island Association Inc
- Assets
- $747.4k
- Revenue
- $169.2k
- Investments
- $41.6k
- Employees
- 0
- Location
- Brightwaters, NY
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 13-3131355
Organization Overview
Fire Island Association Inc is located in Brightwaters, NY. The organization was established in 1983. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fire Island 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 12/2023, Fire Island Association Inc generated $169.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $193.6k during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF FIRE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECT FIRE ISLAND AND PROMOTE THE BEST INTERESTS OF ALL ISLAND HOMEOWNERS, BUSINESS OWNERS, AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Goldhirsch President | Officer | 30 | $0 |
Rodman Paul Executive Vice President | Officer | 5 | $0 |
Janet Hurley First Vice President | Officer | 5 | $0 |
Karen Kee Treasurer | Officer | 5 | $0 |
Suzanne Johnson Second Vice President | Officer | 5 | $0 |
Hugh O'brien Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,370 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,544 |
| Total Program Service Revenue | $0 |
| Investment income | $29,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,127 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,767 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $1,370 |
| Office expenses | $338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,691 |
| All other expenses | $16,048 |
| Total functional expenses | $193,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,509 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $535,265 |
| Investments—other securities | $41,554 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $747,366 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,260 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300 |
| Total liabilities | $49,560 |
| Net assets without donor restrictions | $415,439 |
| Net assets with donor restrictions | $282,367 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $747,366 |