MISQUAMICUT BUSINESS ASSOCIATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MISQUAMICUT BUSINESS ASSOCIATION (EIN 05-0462666)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-15
IRS object ID
201311359349306741
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-15T14:48:44-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GOTHIE HOYT FILIPPETTI & MALAGHAN LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1107 AIRPORT RDAddressLine1
CityWESTERLYCity
StateRIState
ZIP Code028913420ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN050462666EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MISQUAMICUT BUSINESS ASSOCIATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMISQNameControl

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1302AddressLine1
CityWESTERLYCity
StateRIState
ZIP Code02891ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCASWELL COOKE JRName
TitleEXECUTIVE DIRECTORTitle
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTERENCE J MALAGHAN CPAName
Phone4015962000Phone
Date Prepared2013-05-15DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonCASWELL COOKE JRNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 1302AddressLine1
CityWESTERLYCity
StateRIState
ZIP Code02891ZIPCode
FieldValueIRS element (for citing)
Gross Receipts234901GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.MISQUAMICUT.ORG/EVENTSWebSite
Type Of Organization AssociationXTypeOfOrganizationAssociation
Year Formation2000YearFormation
State Legal DomicileRIStateLegalDomicile
Activity Or Mission DescriptionTHE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE MISQUAMICUT BEACH AREA THROUGH VARIOUS EVENTS AND FUNCTIONS OPEN TO THE GENERAL PUBLIC. THE ASSOCIATION CONSIDERS AND ADDRESSES COMMON PROBLEMS INVOLVED IN OPERATING A BUSINESS IN THE MISQUAMICUT BEACH AREA AND TO SECURE COOPERATIVE ACTION IN ADVANCING COMMON PURPOSES OF THE MEMBERS OF THE ASSOCIATION.ActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees10TotalNbrEmployees
Total Nbr Volunteers18TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year28750ContributionsGrantsPriorYear
Contributions Grants Current Year31210ContributionsGrantsCurrentYear
Program Service Revenue Prior Year29245ProgramServiceRevenuePriorYear
Program Service Revenue CY37852ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Prior Year45020OtherRevenuePriorYear
Other Revenue Current Year35516OtherRevenueCurrentYear
Total Revenue Prior Year103015TotalRevenuePriorYear
Total Revenue Current Year104578TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year56834SalariesEtcPriorYear
Salaries Etc Current Year58809SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year42224OtherExpensePriorYear
Other Expenses Current Year40514OtherExpensesCurrentYear
Total Expenses Prior Year99058TotalExpensesPriorYear
Total Expenses Current Year99323TotalExpensesCurrentYear
Revenues Less Expenses Prior Year3957RevenuesLessExpensesPriorYear
Revenues Less Expenses CY5255RevenuesLessExpensesCY
Total Assets BOY3351TotalAssetsBOY
Total Assets EOY8629TotalAssetsEOY
Total Liabilities BOY-23TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY3374NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY8629NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE MISQUAMICUT BEACH AREA THROUGH VARIOUS EVENTS AND FUNCTIONS OPEN TO THE GENERAL PUBLIC. THE ASSOCIATION CONSIDERS AND ADDRESSES COMMON PROBLEMS INVOLVED IN OPERATING A BUSINESS IN THE MISQUAMICUT BEACH AREA AND TO SECURE COOPERATIVE ACTION IN ADVANCING COMMON PURPOSES OF THE MEMBERS OF THE ASSOCIATION.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
DescriptionSTREET AND BEACH CLEAN UP OF THE MISQUAMICUT BEACH BUSINESS DISTRICTDescription

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionOPERATE TOURIST BOOTH ON ATLANTIC AVENUE IN MISQUAMICUT TO ASSIST AND ACCOMODATE VISITORS WITH THEIR LODGING, ENTERTAINMENT AND TRAVELING NEEDS WHILE VISITING THE AREADescription

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionHOST SPECIAL EVENTS DURING THE SUMMER MONTHS FOR GENERAL PUBLICDescription
FieldValueIRS element (for citing)
Described In501 C3falseDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredfalseScheduleORequired
Number Forms Transmitted With10967NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingfalseComplianceWithBackupWitholding
Number Of Employees10NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionstrueNonDeductibleContributions
Non Deductible DisclosuretrueNonDeductibleDisclosure
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMICHELLE HOODNamePerson
Telephone Number4015562093TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line155 BUCKEYE BROOK ROADAddressLine1
CityCHARLESTOWNCity
StateRIState
ZIP Code02813ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
CASWELL COOKE JR
EXECUTIVE DI25.00X2937003724
THOMAS JASULAVIC
DIRECTOR2.00X000
GENE ARGANESE
DIRECTOR2.00X000
MICHELLE VACCA
DIRECTOR2.00X000
RENEE BAILEY
DIRECTOR2.00X000
STANTON TERRANOVA III
DIRECTOR2.00X000
TIM BRENNAN
DIRECTOR2.00X000
JOHN LAYTON
DIRECTOR2.00X000
JEN DUGAS
DIRECTOR2.00X000
REBECCA GREENE
DIRECTOR2.00X000
KIMBERLY WRIGHT
DIRECTOR2.00X000
SCOTT CAMPBELL
DIRECTOR2.00X000
GEORGE TATTERSALL
PRESIDENT2.00000X
VALERIE SALERNO
VICE PRESIDE2.00000X
ROBERT BARBER
SECRETARY4.00000X
REBECCA COLUCCI
TREASURER2.00000X
FieldValueIRS element (for citing)
Total Reportable Comp From Org29370TotalReportableCompFromOrg
Total Other Compensation3724TotalOtherCompensation
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Government Grants18000GovernmentGrants
All Other Contributions13210AllOtherContributions
Total Contributions31210TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MEMBER DUES2703527035
SPECIAL EVENTS1081710817
FieldValueIRS element (for citing)
Total Program Service Revenue37852TotalProgramServiceRevenue
Gross Income Fundraising Events160285GrossIncomeFundraisingEvents
Fundraising Direct Expenses130323FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column29962TotalRevenueColumn
Exclusion$29,962ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SCRAP METAL SALES24832483
OTHER INCOME17451745
TRAFFIC ISLAND SPONSORSHIP12501250

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column76TotalRevenueColumn
Related Or Exempt Function Income76RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue5554TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column104578TotalRevenueColumn
Related Or Exempt Function Income43406RelatedOrExemptFunctionIncome
Exclusion$29,962ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total33094Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total20169Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total5546Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total1407Total

Advertising Advertising

FieldValueIRS element (for citing)
Total7102Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total7346Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total150Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total748Total

Travel Travel

FieldValueIRS element (for citing)
Total1670Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1748Total

Insurance Insurance

FieldValueIRS element (for citing)
Total1892Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
SPECIAL EVENTS8706
HURRICANE CLEAN-UP4192
ROAD CREW SUPPLIES2015
BANK/CREDIT CARD FEES1322

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total2216Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total99323Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY2268BOY
EOY616EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis11473LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec3460LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY1083BOY
EOY8013EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY3351BOY
EOY8629EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY-23BOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY-23BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY3374BOY
EOY8629EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3374BOY
EOY8629EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3351BOY
EOY8629EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses5255ReconcilationRevenueExpenses
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis11473OtherCostOrOtherBasis
Depreciation3460Depreciation
Book Value8013BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings8013TotalOfBookValueLandBuildings

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1SPRINGFESTIVQALNameOfEvent1
Gross Receipts Event182900GrossReceiptsEvent1
Gross Revenue Event182900GrossRevenueEvent1
Other Direct Expenses Event163159OtherDirectExpensesEvent1
Name Of Event2FALL FESTIVALNameOfEvent2
Gross Receipts Event266899GrossReceiptsEvent2
Gross Revenue Event266899GrossRevenueEvent2
Other Direct Expenses Event266097OtherDirectExpensesEvent2
Total Number Of Other Events1TotalNumberOfOtherEvents
Gross Receipts Other Events10486GrossReceiptsOtherEvents
Gross Revenue Other Events10486GrossRevenueOtherEvents
Other Direct Expenses Other Events1067OtherDirectExpensesOtherEvents
Gross Receipts Total160285GrossReceiptsTotal
Gross Revenue Total Events160285GrossRevenueTotalEvents
Other Direct Expenses Total Events130323OtherDirectExpensesTotalEvents
Direct Expense Summary Events130323DirectExpenseSummaryEvents
Net Income Summary29962NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990 - ORGANIZATION'S MISSIONTHE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE MISQUAMICUT BEACH AREA THROUGH VARIOUS EVENTS AND FUNCTIONS OPEN TO THE GENERAL PUBLIC. THE ASSOCIATION CONSIDERS AND ADDRESSES COMMON PROBLEMS INVOLVED IN OPERATING A BUSINESS IN THE MISQUAMICUT BEACH AREA AND TO SECURE COOPERATIVE ACTION IN ADVANCING COMMON PURPOSES OF THE MEMBERS OF THE ASSOCIATION.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
COMPENSATION PROCESS FOR TOP OFFICIALFORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF DIRECTORS HIRES, TERMINATES, EVALUATES AND APPROVES COMPENSATION INCREASES AND DECREASES. A UNANIMOUS VOTE MUST BE REACHED FOR ANNUAL COMPENSATION INCREASES FOR THE EXECUTIVE DIRECTOR.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, POLICIES, & FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST THAT INCLUDES A PHYSICAL MAILING ADDRESS. ALL NON-PUBLIC PERSONAL INFORMATION OF EACH INDIVIDUAL OFFICER, DIRECTOR, OR EMPLOYEE WILL BE RELEASED ONLY UPON THE WRITTEN CONSENT OF EACH INDIVIDUAL.

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