Bay Head Improvement Association
- Assets
- $726.7k
- Revenue
- $1.0m
- Investments
- $367.7k
- Employees
- 46
- Location
- Bay Head, NJ
- Founding
- 08/1958
- Data as of
- 12/2021
- EIN
- 21-0403202
Organization Overview
Bay Head Improvement Association is located in Bay Head, NJ. The organization was established in 1958. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Bay Head Improvement Association employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Head Improvement Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Bay Head Improvement Association generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $888.6k during the year ending 12/2021. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF BATHING BEACHES IN BAY HEAD NEW JERSEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BATHING BEACHES IN THE BOROUGH OF BAY HEAD, NJ
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Gage VP | Officer | 5 | $0 |
Ellen Ackersten Secretary | Officer | 5 | $0 |
Thomas P Gage President | Officer | 30 | $0 |
F Gerard Chesterman Treasurer | Officer | 5 | $0 |
Kurt Ackersten Trustee | Trustee | 5 | $0 |
Paul Benziger Jr Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $884,702 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,633 |
| Total Program Service Revenue | $0 |
| Investment income | $20,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,898 |
| 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 | $418,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,092 |
| Insurance | $94,622 |
| All other expenses | $193,503 |
| Total functional expenses | $888,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $129,931 |
| 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 | $35,928 |
| Net Land, buildings, and equipment | $140,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $367,702 |
| Investments—program-related | $0 |
| Intangible assets | -$1 |
| Other assets | $0 |
| Total assets | $726,692 |
| Accounts payable and accrued expenses | $3,882 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $3,882 |
| Net assets without donor restrictions | $722,810 |
| Net assets with donor restrictions | $0 |
| 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 | $726,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Head Improvement Association has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Torosian Foundation Kansas City, MO PURPOSE: ENVIRONMENTAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For New Horizons Inc Hauppauge, NY | $37,483,081 | $43,874,293 |
Feinstein Health Fund Inc Hauppauge, NY | $26,525,981 | $4,778,709 |
Association For Neurologically Impaired Brain Injured Children Oakland Gardens, NY | $9,382,901 | $10,982,997 |
Brain Injury Alliance Of New Jersey Inc North Brunswick, NJ | $2,301,807 | $3,507,261 |
Hudson Valley Mental Health Inc Poughkeepsie, NY | $0 | $1,860,422 |
Dana Alliance For Brain Initiatives Inc New York, NY | $97,683 | $1,932,083 |
Adler Aphasia Center Maywood, NJ | $8,836,078 | $3,241,055 |
Tippecanoe Memory Gardens Inc Buckingham, PA | $5,663,488 | $2,065,383 |
Memorys Garden Inc Albany, NY | $12,027,997 | $1,931,290 |
Childrens Brain Tumor Foundation Inc New York, NY | $1,362,351 | $1,379,183 |
Bridges For Brain Injury Inc Farmington, NY | $208,133 | $1,029,989 |
Bay Head Improvement Association Bay Head, NJ | $726,692 | $1,035,334 |