Chesapeake Bay Power Boat Association Inc
- Assets
- $185.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewater, MD
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 52-1518978
Organization Overview
Chesapeake Bay Power Boat Association Inc is located in Edgewater, MD. The organization was established in 1992. 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. Chesapeake Bay Power Boat Association 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, Chesapeake Bay Power Boat Association Inc generated $49.4k 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 (8.2%) each year. All expenses for the organization totaled $37.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) 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
HOST BOATING EVENTS ON THE CHESAPEAKE BAY, FOOD DRIVES, TOYS FOR TODDLERS, CHESAPEAKE BAY SWIM FOR MARCH OF DIMES, AND BOATING SAFETY TRAINING FOR MEMBERS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lenny Nemec President | 0 | $0 | |
Ed Cameron Vice President | 0 | $0 | |
Jim Meyers Secretary | 0 | $0 | |
Dale Dixon Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,935 |
| Membership dues | $10,560 |
| Investment income | $8,875 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,370 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $2,616 |
| Printing, publications, postage, and shipping | $35,332 |
| Other expenses | $0 |
| Total expenses | $37,948 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,877 |
| Other assets | $0 |
| Total assets | $185,877 |
| Total liabilities | $0 |
| Net assets or fund balances | $185,877 |