Nonprofit · EIN 04-2589866
SILVER BEACH IMPROVEMENT ASSOCIATION
Tax-exempt (reinstated) · BELMONT, MA 02478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $138,845 | $137,866 | $979 | $434,075 | – | $434,075 |
| December 31, 2023 | 990-EZ | $138,290 | $138,804 | -$514 | $433,098 | – | $433,098 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $113,020
- Program service revenue
- $25,825
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $43,860
- Other expenses
- $94,006
Balance sheet and other
- Total assets, start of year
- $433,096
- Total assets, end of year
- $434,075
- Total liabilities, end of year
- –
- Net assets, end of year
- $434,075
- Cash, savings and investments
- $68,430
- Land and buildings
- $231,900
- Gross receipts
- $138,845
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL HALLORAN | PRESIDENT | 0 | $0 |
| RONALD FERNANDES | TREASURER | 0 | $0 |
| KELLY STRAIN | SECRETARY | 0 | $0 |
| WILLIAM SHOULDICE | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PENELOPE FLEMING | PRESIDENT | 0 | $0 |
| RONALD FERNANDES | TREASURER | 0 | $0 |
| MEGHAN ROGERS | SECRETARY | 0 | $0 |
| RAYMOND LOFSTROM | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 108 FARNHAM ST, BELMONT, MA 02478-3178
- In care of
- % RYAN HUTCHINS
- Signed the 990-EZ
- RONALD FERNANDES, TREASURER
- Phone
- (617) 594-1082
- Return prepared by
- CULLEN MURPHY & CO PC
Mission
TO MAINTAIN BEACH, PROVIDE LIFEGUARDS, SWIM LESSONS, MAINTAIN TENNIS COURT, CONDUCT CHILDREN'S SOCIAL EVENTS INCLUDING MOVIES, COOKOUTS, ARTS AND CRAFTS, DANCES ETC., PERIODIC MEMBERSHIP MEETINGS AND SOCIAL EVENTS TO IMPROVE SILVER BEACH.
Program accomplishments
- PERIODIC MEETINGS AND SOCIAL EVENTS ARE PROVIDED TO MEMBERS FOR A NOMINAL FEE. THE EVENTS FURTHER THE ORGANIZATIONS EXEMPT PURPOSE BY KEEPING MEMBERS INFORMED OF BEACH SERVICES AND CHILDREN'S ACTIVITIES INCLUDING SWIM LESSONS, ARTS AND CRAFTS AND WATER SAFETY PROCEDURES. ASSOCIATION LOGO HATS AND SHIRTS, PRIMARILY FOR CHILDREN, ARE SOLD AT A NOMINAL COST TO FURTHER GOODWILL AND ENCOURAGE MEMBERSHIP PARTICIPATION. EVENTS INCLUDE MOVIES, COOKOUTS, CHILDREN DANCES, GAMES AND OTHER EVENTS OPEN TO ALL ASSOCIATION MEMBERS AND FAMILIES. ALL PROCEEDS ARE USED TO MAINTAIN BEACH AND TENNIS COURTS.
- SEE SCHEDULE O
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 04-2589866
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99)
- Assets (IRS master file)
- $434,075
- Income (IRS master file)
- $138,845
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- February 10, 2014
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $138,845 | $137,866 | $434,075 | XML |
| 990-EZ | December 2023 | $138,290 | $138,804 | $433,098 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2589866).
Questions about SILVER BEACH IMPROVEMENT ASSOCIATION
- What is the EIN of SILVER BEACH IMPROVEMENT ASSOCIATION?
- The employer identification number (EIN) of SILVER BEACH IMPROVEMENT ASSOCIATION is 04-2589866.
- Is SILVER BEACH IMPROVEMENT ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to SILVER BEACH IMPROVEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SILVER BEACH IMPROVEMENT ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SILVER BEACH IMPROVEMENT ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SILVER BEACH IMPROVEMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SILVER BEACH IMPROVEMENT ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SILVER BEACH IMPROVEMENT ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $138,845, expenses of $137,866 and total assets of $434,075 at year end.
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All nonprofits in BELMONT · Massachusetts · Recreation and sports