The Ludington Outboard Boat Club
- Assets
- $172.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 38-2105768
Organization Overview
The Ludington Outboard Boat Club is located in Ludington, MI. The organization was established in 2007. 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. Ludington Outboard 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 12/2022, Ludington Outboard Boat Club generated $100.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $85.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
BOAT DOCKS - ARE USED TO SUPPORT THE LOCAL FISHING ANDBOATING INDUSTRIES THAT HELP TO SUPPORT THE LOCAL COMMUNITY. EXCESS PROCEEDS ARE DONATED TO LOCAL CHAITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Howell Commodore | 10 | $0 | |
Tim Henion Vice Comm | 10 | $0 | |
Dean Samuels Rear Comm | 5 | $0 | |
Pete Oquist Treasurer | 10 | $0 | |
Mary Beth Nelson Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,335 |
| Membership dues | $32,885 |
| Investment income | $249 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72 |
| Total Revenue | $100,900 |
| 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 | $11,125 |
| Occupancy, rent, utilities, and maintenance | $57,021 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,214 |
| Total expenses | $85,360 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,314 |
| Other assets | $0 |
| Total assets | $172,212 |
| Total liabilities | $872 |
| Net assets or fund balances | $171,340 |