Edison Boat Club
- Assets
- $177.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Clair Shores, MI
- Founding
- 01/1936
- Data as of
- 12/2021
- EIN
- 38-1234192
Organization Overview
Edison Boat Club is located in St Clair Shores, MI. The organization was established in 1936. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Edison Boat Club 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, Edison Boat Club generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $26.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STIMULATE INTEREST IN BOATING
Describe the Organization's Program Activity:
Part 3
MAINTAIN DOCKING/BOATING STORAGE FACILITIES FOR MEMBERS TO FACILITATE COMRADERY, INFORMATION SHARING AND PROMOTE INTEREST IN THE SPORT OF BOATING.
PURCHASE OF BOAT EQUIPMENT,PERFORMANCE OF BOAT MAINTENANCE, DEPRECIATION AND INSURANCE ON CLUB BOATS AND HOSTING ORGANIZED REGATTAS IN SUPPORT OF SAILING EDUCATION TO INCREASE MEMBER'S BOATING SKILLS FURTHER THEIR INTEREST IN THE SPORT.
COMMITTEE ACTIVITIES, DANCES, RECEPTIONS, SAILING REGATTAS, ORGANIZED BOATING EVENTS AND SEMINARS TO PROMOTE SOCIAL INTERACTION AMONG MEMBERS AND OTHERS INTERESTED IN PROMOTING THE SPORT OF BOATING AND IMPROVING THEIR SKILLS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Babcock Vice Commodore | 15 | $0 | |
Kevin Webb Director | 5 | $0 | |
Amy Somers Director | 5 | $0 | |
David Spiers Treasurer | 15 | $0 | |
John Loftus Commodore | 15 | $0 | |
William Wayland Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,100 |
| Membership dues | $1,800 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,000 |
| Total Revenue | $18,933 |
| 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 | $4,026 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,136 |
| Total expenses | $26,162 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,659 |
| Other assets | $0 |
| Total assets | $177,748 |
| Total liabilities | $4 |
| Net assets or fund balances | $177,744 |
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