Satuit Boat Club Inc
- Assets
- $272.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Scituate, MA
- Founding
- 12/1946
- Data as of
- 12/2023
- EIN
- 04-6014740
Organization Overview
Satuit Boat Club Inc is located in Scituate, MA. The organization was established in 1946. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Satuit Boat 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 12/2023, Satuit Boat Club Inc generated $198.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $168.5k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Shea Rear Commodore | 0 | $0 | |
Brendan Murphy Vice Commodore | 0 | $0 | |
Randy Robertson Secretary | 0 | $0 | |
Jerome Murphy Treasurer | 0 | $0 | |
Gregg Mcbride Commodore | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $60,443 |
| Membership dues | $131,320 |
| Investment income | $7,129 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,892 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,973 |
| Professional fees and other payments to independent contractors | $6,660 |
| Occupancy, rent, utilities, and maintenance | $35,770 |
| Printing, publications, postage, and shipping | $1,411 |
| Other expenses | $66,647 |
| Total expenses | $168,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,207 |
| Other assets | $0 |
| Total assets | $272,341 |
| Total liabilities | $4,266 |
| Net assets or fund balances | $268,075 |