Eastman Community Association
- Assets
- $25.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Grantham, NH
- Founding
- 12/1972
- Data as of
- 03/2023
- EIN
- 23-7153126
Organization Overview
Eastman Community Association is located in Grantham, NH. The organization was established in 1972. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastman Community Association 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 03/2023, Eastman Community Association generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.8m during the year ending 03/2023. While expenses have increased by 3.1% per year over the past 8 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
OPERATION OF A FOUR SEASON RECREATION COMMUNITY WITH APPROXIMATELY 1,420 ASSESSABLE PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FOUR SEASON RECREATION COMMUNITY WITH 1,420 PROPERTIES, INCLUDING RECREATION FACILITIES, PROGRAMS, SECURITY AND ROAD MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Matson President Through 9/1/22 | OfficerTrustee | 1 | $0 |
Richard Karash Treasurer Through 9/1/2022 | OfficerTrustee | 1 | $0 |
Lynn Kisselbach Director Through 9/1/2022, President As Of 9/1/202 | OfficerTrustee | 1 | $0 |
Phillip Langsdorf Vice President Through 9/1/22 | OfficerTrustee | 1 | $0 |
Susan Meyer Director | Trustee | 1 | $0 |
Beth Truax Director Through 9/1/2022, Vice President As Of 9/ | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Construction Corporation Road Improvements | 3/30/23 | $890,643 |
Hansen Bridge Cove Drive Bridge Work | 3/30/23 | $293,350 |
Country Club Enterprises Golf Cart Repairs And Purchase | 3/30/23 | $231,894 |
Performance Janitorial Services Cleaning Services | 3/30/23 | $147,464 |
Lineberry Tennis Racket Ball Courts | 3/30/23 | $118,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $7,259,931 |
| Investment income | $60,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,514,743 |
| 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 | $4,827 |
| Fees for services: Accounting | $17,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,087,060 |
| Advertising and promotion | $82,645 |
| Office expenses | $157,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,720 |
| Travel | $8,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,941 |
| Interest | $105,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,582,647 |
| Insurance | $178,885 |
| All other expenses | $373,476 |
| Total functional expenses | $6,790,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,425 |
| Savings and temporary cash investments | $5,719,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,656 |
| Prepaid expenses and deferred charges | $38,538 |
| Net Land, buildings, and equipment | $18,410,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $866,172 |
| Total assets | $25,388,278 |
| Accounts payable and accrued expenses | $345,991 |
| Grants payable | $0 |
| Deferred revenue | $3,285,787 |
| 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 | $3,426,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $896,312 |
| Total liabilities | $7,954,405 |
| Net assets without donor restrictions | $0 |
| 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 | $17,433,873 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,388,278 |