Captains And Boat Owners Association Inc
- Assets
- $401.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Fortescue, NJ
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 22-2254345
Organization Overview
Captains And Boat Owners Association Inc is located in Fortescue, NJ. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Captains And Boat Owners Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Captains And Boat Owners Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Captains And Boat Owners Association Inc generated $89.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $105.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
OPERATING AND MAINTAINING THE FORTESCUE CREEK MARINA AS A BOAT HARBOR FOR MEMBERSHIP AND THE PUBLIC AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Todd Treasurer | 1 | $3,300 | |
Dave Sharpless Vice President | 1 | $1,500 | |
Charlie Higbee Harbor Master | 1 | $500 | |
Mike Rothman Secretary | 1 | $3,000 | |
Joseph Maffei President | 1 | $3,000 | |
John E Ronketty Sr Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,599 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,098 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,063 |
| Professional fees and other payments to independent contractors | $4,065 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,350 |
| Total expenses | $105,478 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,884 |
| Other assets | $0 |
| Total assets | $400,972 |
| Total liabilities | $166,520 |
| Net assets or fund balances | $234,452 |