Portage Lakers Sno-Mobile Club Inc
- Assets
- $431.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portage Lake, ME
- Founding
- 01/1977
- Data as of
- 06/2024
- EIN
- 01-0346197
Organization Overview
Portage Lakers Sno-Mobile Club Inc is located in Portage Lake, ME. The organization was established in 1977. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portage Lakers Sno-Mobile Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Portage Lakers Sno-Mobile Club Inc generated $120.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $73.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
0
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Buckingham Treasurer | 5 | $0 | |
Josh Spooner President | 2 | $0 | |
Bruce Laveway Vice-President | 2 | $0 | |
Tammy Kenney Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,429 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,243 |
| Investment income | $2,729 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $43,143 |
| Total Revenue | $120,544 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,500 |
| Salaries, other compensation, and employee benefits | $300 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $37,220 |
| Printing, publications, postage, and shipping | $1,484 |
| Other expenses | $33,188 |
| Total expenses | $73,692 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,315 |
| Other assets | $0 |
| Total assets | $431,615 |
| Total liabilities | $0 |
| Net assets or fund balances | $431,615 |