South Norwalk Boat Club

Organization Overview

South Norwalk Boat Club is located in Norwalk, CT. The organization was established in 1943. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. South Norwalk Boat Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 11/2021, South Norwalk Boat Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.1m during the year ending 11/2021. While expenses have increased by 9.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUITABLE CLUBHOUSE, GROUNDS AND ANCHORAGE FOR THE CONVENIENCE OF ITS MEMBERS; TO ENCOURAGE AND PARTICIPATE IN ALL SPORTS AND RECREATION, PARTICULARLY BOATING; TO ENCOURAGE GOOD FRIENDSHIP AMONG ITS MEMBERS BY PROMOTING AND SPONSORING ALL SOCIAL ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SUITABLE CLUBHOUSE, GROUNDS AND ANCHORAGE FOR THE CONVENIENCE OF ITS MEMBERS; TO ENCOURAGE AND PARTICIPATE IN ALL SPORTS AND RECREATION, PARTICULARLY BOATING; TO ENCOURAGE GOOD FRIENDSHIP AMONG ITS MEMBERS BY PROMOTING AND SPONSORING ALL SOCIAL ACTIVITIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$415,237
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$415,237
Total Program Service Revenue$297,116
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $36,996
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$4
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $275,065
Miscellaneous Revenue$0
Total Revenue $1,024,410

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