Detroit Boat Club
- Assets
- $56.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/1944
- Data as of
- 12/2023
- EIN
- 38-0477600
Organization Overview
Detroit Boat Club is located in Detroit, MI. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit 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 12/2023, Detroit Boat Club generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $36.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 5 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
SOCIAL AND BOATING ACTIVITIES - MONTHLY MEMBERSHIP DINNERS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Thull Obrien Past Commodore | 2 | $0 | |
Gary E Kus Commodore | 4 | $0 | |
John C Barker Vice Commodore | 4 | $0 | |
Richard Morris Rear Commodore | 2 | $0 | |
B Jill Courson Director | 2 | $0 | |
Joseph Tatham Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $201 |
| Total Program Service Revenue | $27,555 |
| Membership dues | $11,099 |
| Investment income | $214 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,001 |
| Total Revenue | $40,070 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,115 |
| Occupancy, rent, utilities, and maintenance | $9,240 |
| Printing, publications, postage, and shipping | $1,526 |
| Other expenses | $23,071 |
| Total expenses | $35,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,530 |
| Other assets | $0 |
| Total assets | $56,788 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,788 |