Libertyville Boat Club
- Assets
- $92.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 28
- Location
- Libertyville, IL
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 36-2382136
Organization Overview
Libertyville Boat Club, operating under the name Lake Minear Beach, is located in Libertyville, IL. The organization was established in 0000. 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. As of 12/2021, Lake Minear Beach employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Minear Beach is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Lake Minear Beach generated $195.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $156.9k during the year ending 12/2021. While expenses have increased by 4.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION MANAGES A MEMBERS ONLY BEACH CLUB THAT PROVIDES BOATING, SWIMMING AND FISHING ACCESS TO MEMBERS AND THEIR FAMILIES. MEMBER ACTIVITIES INCLUDE A FISHING DERBY, SUMMER PARTY AND CONCESSION STAND.
Describe the Organization's Program Activity:
Part 3
MEMBERSHIP DUES PROVIDE FUNDS FOR LIFEGUARDS, INSURANCE, AND PROPERTY MAINTENANCE TO ENABLE THE BOARD TO PROVIDE A CLEAN, SAFE SWIMMING ENVIRONMENT FOR APPROX. 500 MEMBERS AND THEIR FAMILIES.
MANAGEMENT OPERATES A CONCESSION STAND SELLING PACKAGED, VENDING TYPE FOOD TO MEMBERS FOR PICNICKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Karcavich Director | 8 | $3,000 | |
Doug Snook Director | 6 | $1,200 | |
Gregory Palubicki Treasurer | 2 | $0 | |
Megan Pickell Director | 5 | $0 | |
David Van Brunt Director | 0 | $0 | |
Elizabeth Bryant Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $705 |
| Total Program Service Revenue | $186,152 |
| Membership dues | $0 |
| Investment income | $143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,697 |
| Total Revenue | $195,697 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,899 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $884 |
| Printing, publications, postage, and shipping | $414 |
| Other expenses | $73,655 |
| Total expenses | $156,852 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,021 |
| Other assets | $0 |
| Total assets | $92,121 |
| Total liabilities | $0 |
| Net assets or fund balances | $92,121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Downers Grove Swim And Raquet Club Downers Grove, IL | $1,117,120 | $881,688 |
West Swim Club Inc Willowbrook, IL | $811,668 | $867,248 |
Southeastern Swim Club Incorporated Fishers, IN | $283,230 | $634,562 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |