Amagansett Life-saving and Coast Guard Station Society Inc
Nonprofit profile at a glance
- EIN
- 452832134
- IRS 990-EZ coverage
- 2015–2017
- Forms available
- Form 990-EZ 2017, Form 990-N 2014
- Location
- Amagansett, NY, USA
- Phone
- 5168856454
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $128,490
- Expenses
- $31,275
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- DAVID LYS (PRESIDENT)
People named in this filing
- DAVID LYS (PRESIDENT)
- MICHAEL CINQUE (VICE PRESIDE)
- STEVE MARZO (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The amagansett life-saving and coast guard station society is an organization devoted to the restoration of the amagansett life-saving and coast guard station building. This building is historically important to the area and to other enthusiasts. The society works to restore the building by pursuing funding for, and overseeing the historically-accurate restoration of, the historic 1902 u.s. Life-saving service station at amagansett. The structure, and the land upon which it stands, is owned by the town of east hampton. The society is a nonprofit 501(c(3) corporation domiciled in the state of New York. The proposed nonprofit corporation plans to raise funds to complete the restoration of the life-saving station. The coporation will enter into a management agreement with the town of east hampton and take responsibility for controlling the uses to which the building wil be put. These to convey the history of the u.s. Life-saving service and its successor, the u.s. Coast guard; and various
What it reported doing in 2017
Renovation of historical site-improvements in 2017 51,917
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 82
- Sustainability: 54
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.7%; rating input score 51
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 75.7%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 41.2% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 67.1% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -58.1% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 50.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $65K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 4 of 5 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2015 to 2017
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.