The Preservation Association Of Beaver Island
- Assets
- $3.2m
- Revenue
- $364.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Beaver Island, MI
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 38-3192993
Organization Overview
The Preservation Association Of Beaver Island is located in Beaver Island, MI. The organization was established in 1995. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Preservation Association Of Beaver Island employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Association Of Beaver Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Preservation Association Of Beaver Island generated $364.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $341.9k during the year ending 12/2021. While expenses have increased by 4.8% 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
RESTORATION OF HISTORIC LANDMARKS AND OPERATION OF A COMMUNITY CENTER AND COMMUNITY RADIO STATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC COMMUNITY CENTER AND LOCAL RADIO STATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Dean Former Managing Director | 40 | $49,155 | |
Paul Cole Managing Director | 40 | $11,077 | |
Judith Gallagher President | Trustee | 10 | $0 |
Eric Hodgins Board Chair | Trustee | 1 | $0 |
Kevin Boyle Vice President | Trustee | 30 | $0 |
Steven Scott Treasurer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,323 |
| Related organizations | $0 |
| Government grants | $20,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,702 |
| Total Program Service Revenue | $11,632 |
| Investment income | $40,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95,371 |
| Net Income from Fundraising Events | $25,938 |
| Net Income from Gaming Activities | $6,330 |
| Net Income from Sales of Inventory | $16,057 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,355 |
| 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 | $115,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,486 |
| Office expenses | $7,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $200 |
| 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 | $99,717 |
| Insurance | $11,063 |
| All other expenses | $0 |
| Total functional expenses | $341,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| 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 | $14,759 |
| Prepaid expenses and deferred charges | $5,909 |
| Net Land, buildings, and equipment | $2,105,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $291,436 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,199,455 |
| Accounts payable and accrued expenses | $20,596 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $70,596 |
| Net assets without donor restrictions | $2,622,313 |
| Net assets with donor restrictions | $506,546 |
| 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 | $3,199,455 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Preservation Association Of Beaver Island has recieved totaling $113,907.
| Awarding Organization | Amount |
|---|---|
Welter Foundation Inc Bristol, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $75,000 |
Hunting Foundation Grand Rapids, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $20,000 |
Charlevoix County Community Foundation East Jordan, MI PURPOSE: General operations | $10,205 |
Declan Drumm Sullivan Memorial Fund Long Grove, IL PURPOSE: DONATION | $7,500 |
Dean L Buntrock Foundation Oakbrook Terrace, IL PURPOSE: OPERATING NEEDS | $500 |
Fall Creek Valley Foundation Inc Venice, FL PURPOSE: UNSPECIFIED PROGRAM SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Land Reform Inc Flint, MI | $4,615,802 | $4,633,000 |
Otsego County Economic Alliance Inc Gaylord, MI | $173,571 | $2,171,893 |
Taliesin Preservation Inc Spring Green, WI | $4,141,300 | $2,912,475 |
Michigan League Of Conservation Voters Education Fund Ann Arbor, MI | $2,117,866 | $2,173,600 |
Halter Wildlife Inc Pleasant Prairie, WI | $2,698,381 | $1,665,084 |
Marshall Area Economic Development Alliance Marshall, MI | $870,752 | $1,562,359 |
Columbus Recreation And Parks Foundation Columbus, OH | $1,131,377 | $798,091 |
Sustainable Purchasing Council Grandville, MI | $420,834 | $655,241 |
Alpha Pi Alliance For The Preserva Tion Of Historic Places Inc Verona, WI | $16,278 | $246,592 |
Southern Indiana Cooperative Weed Management Area Inc Bedford, IN | $176,212 | $498,239 |
Whitewater Canal Trail Inc Brookville, IN | $1,012,026 | $945,526 |
Coalition For Sustainable Initiatives Whitefish Bay, WI | $10,950 | $440,660 |