Brands Lake Fishing Club Inc
- Assets
- $581.7k
- Revenue
- $130.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Wapakoneta, OH
- Founding
- 01/1965
- Data as of
- 12/2023
- EIN
- 34-6533752
Organization Overview
Brands Lake Fishing Club Inc is located in Wapakoneta, OH. The organization was established in 1965. 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 12/2023, Brands Lake Fishing Club Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brands Lake 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 12/2023, Brands Lake Fishing Club Inc generated $130.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $169.1k during the year ending 12/2023. While expenses have increased by 12.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A FISHING CLUB AND OPERATING AS TO CREATE SPORTSMANSHIP AND FELLOWSHIP IN SO DOING. APPROXIMATELY 350 MEMBERS ONLY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FISHING CLUB AND OPERATING AS TO CREATE SPORTSMANSHIP AND FELLOWSHIP IN SO DOING. APPROXIMATELY 350 MEMBERS ONLY CLUB.
OPERATION OF A FISHING CLUB AND OPERATING AS TO CREATE SPORTSMANSHIP AND FELLOWSHIP IN SO DOING. APPROXIMATELY 350 MEMBERS ONLY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jurosic President | OfficerTrustee | $0 | |
Terry Schultz Club Secreta | OfficerTrustee | $0 | |
Marvin Shaw Treasurer | OfficerTrustee | $0 | |
John Kaeck Trustee | Trustee | $0 | |
Mark Fritz Trustee | Trustee | $0 | |
Jason Ridenour Financial Se | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,732 |
| 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 | $27,732 |
| Total Program Service Revenue | $3,393 |
| Investment income | $5,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,472 |
| Net Gain/Loss on Asset Sales | $2,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $64,963 |
| Net Income from Sales of Inventory | $23,315 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,702 |
| 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 | $42,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $398 |
| 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 | $51 |
| Advertising and promotion | $0 |
| Office expenses | $10,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,826 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,210 |
| Insurance | $2,639 |
| All other expenses | $1,100 |
| Total functional expenses | $169,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,600 |
| Savings and temporary cash investments | $72,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $325,413 |
| Investments—publicly traded securities | $180,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,703 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,223 |
| Total liabilities | $2,223 |
| 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 | $579,480 |
| Total liabilities and net assets/fund balances | $581,703 |