Nonprofit · EIN 85-2656502
THE COMPLEX SAG HARBOR INC
Tax-exempt · RIVERSIDE, CT 06878
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $29 | $31,951 | -$31,922 | $15,404,637 | $16,264,894 | -$860,257 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $29
Expenses
- Grants and similar amounts paid
- $22,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,014
- Program services (functional)
- $23,717
- Management and general (functional)
- $8,234
Balance sheet and other
- Total assets, start of year
- $15,436,559
- Total assets, end of year
- $15,404,637
- Total liabilities, end of year
- $16,264,894
- Net assets, end of year
- -$860,257
- Land, buildings and equipment
- $15,180,176
- Net assets without donor restrictions
- -$860,257
- Gross receipts
- $29
- Employees
- 0
- State of legal domicile
- NY
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 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM POTTER | President Trustee or director, Officer | 20 | $0 |
| MARIE LAFERRARA | Treasurer Trustee or director, Officer | 1 | $0 |
| DANE SAYLES | Secretary Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 57 WILLOWMERE CIR, RIVERSIDE, CT 06878-2504
- In care of
- % TRACY MITCHELL
- Principal officer (990 for 2023)
- ADAM POTTER, 57 WILLOWMERE CIRCLE, RIVERSIDE, CT 06878
- Signed the 990
- ADAM POTTER, Chairman
- Phone
- (212) 724-2345
- Return prepared by
- SABEL & OPLINGER CPA PC
Mission
Friends of Bay Street and Sag Harbor Redevelopment, Inc. is organized for the purposes which are exclosively charitable, educational, scientific, religious and literary within the meaning of section 501(c)(3) of the IRC of 1986. The charity will primarily accomplish these purposes by acquiring real property on the easten end of Long Island, New York and developing the real property by building a theater on the property to be dedicated to and to support and preserve the performing arts community in the area. Specifically, once the property has been acquired and the theater constructed, the theater will be used by Bay Street Theater Festival, Inc., a nonprofit performing arts organization. By doing so, the Charity will provide the local community with access to innovative, emerging, challenging and classic theater and performing arts. The charity's other activity will be to raise funds to support the project through capital campaign.
Program accomplishments
- Acquiring real property on the eastern end of Long Island, NY and developing the real property by building a theater on the property to be dedicated to and to support and preserve the performing arts community in the area.Expenses $23,717
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2656502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $15,404,637
- Income (IRS master file)
- $29
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $29 | $31,951 | $15,404,637 | XML |
| 990 | June 2023 | $13 | $973,594 | $15,436,559 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 85-2656502).
Questions about THE COMPLEX SAG HARBOR INC
- What is the EIN of THE COMPLEX SAG HARBOR INC?
- The employer identification number (EIN) of THE COMPLEX SAG HARBOR INC is 85-2656502.
- Is THE COMPLEX SAG HARBOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to THE COMPLEX SAG HARBOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COMPLEX SAG HARBOR INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE COMPLEX SAG HARBOR INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE COMPLEX SAG HARBOR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of THE COMPLEX SAG HARBOR INC?
- The 990 for the year ended June 30, 2024 names ADAM POTTER.
- Who are the officers and directors of THE COMPLEX SAG HARBOR INC?
- The 990 for the year ended June 30, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE COMPLEX SAG HARBOR INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $29, expenses of $31,951 and total assets of $15,404,637 at year end.
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