Belmar Fishing Club Inc
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Belmar, NJ
- Founding
- 12/1937
- Data as of
- 12/2021
- EIN
- 21-0405040
Organization Overview
Belmar Fishing Club Inc is located in Belmar, NJ. The organization was established in 1937. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Belmar Fishing Club Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmar Fishing 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 12/2021, Belmar Fishing Club Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $843.1k during the year ending 12/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPORT OF FISHING BY ROD AND REEL; TO ASSIST IN THE PREVENTING OF VIOLATIONS OF LAWS RELATIVE TO FISHING; TO SUPPORT LEGISLATION TO PROTECT GAME FISH AND THEIR FEEDING & SPAWING GROUNDS; TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SALT WATER FISHING ACCESS TO ALL MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Bryan President | Officer | 20 | $0 |
Kevin O'leary Vice President | Officer | 20 | $0 |
Kevin Doyle Treasurer | Officer | 10 | $0 |
Mike Nicusanti Secretary | Officer | 5 | $0 |
Michael Szotak Board Member | Trustee | 5 | $0 |
Leslie Capestro Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $920,065 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,784 |
| Total Program Service Revenue | $0 |
| Investment income | $1,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,053 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,231,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,417 |
| Pension plan accruals and contributions | $4,240 |
| Other employee benefits | $47,354 |
| Payroll taxes | $46,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,943 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,456 |
| Insurance | $101,774 |
| All other expenses | $295,957 |
| Total functional expenses | $843,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,481 |
| Savings and temporary cash investments | $972,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $458,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,784 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,544,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,541,255 |
| Accounts payable and accrued expenses | $40,153 |
| Grants payable | $0 |
| Deferred revenue | $685,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $725,703 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,815,552 |
| Total liabilities and net assets/fund balances | $3,541,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blooming Grove Hunting & Fishing Club Blooming Grove, PA | $11,619,934 | $3,517,448 |
Association Of New Jersey Rifle & Pistol Clubs Inc North Haledon, NJ | $2,355,853 | $1,657,391 |
Central Jersey Rifle & Pistol Club Inc Jackson, NJ | $6,082,656 | $1,426,655 |
Peconic River Sportsmans Club Inc Manorville, NY | $3,555,154 | $1,613,904 |
Belmar Fishing Club Inc Belmar, NJ | $3,541,255 | $1,231,136 |
Anglers Club Of New York New York, NY | $1,363,741 | $661,855 |
Rochester Brooks Gun Club Inc Rush, NY | $1,271,123 | $861,779 |
Iron City Fishing Club Pittsburgh, PA | $1,555,305 | $727,326 |
Posh Pets Rescue Inc New York, NY | $200,004 | $624,219 |
Iroquois Boating & Fishing Club Conneaut Lake, PA | $1,492,471 | $787,030 |
Palmyra Sportsmens Assn Inc Annville, PA | $1,762,778 | $592,904 |
Philadelphia Gun Club Newtown, PA | $3,943,559 | $703,989 |