East Cooper Outboard Motor Club
- Assets
- $425.5k
- Revenue
- $126.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, SC
- Founding
- 09/1995
- Data as of
- 08/2022
- EIN
- 57-0780854
Organization Overview
East Cooper Outboard Motor Club is located in Mt Pleasant, SC. The organization was established in 1995. 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. East Cooper Outboard Motor 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 08/2022, East Cooper Outboard Motor Club generated $126.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $118.4k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LARGEST FUNDRAISER IS OUR ANNUAL TURKEY SHOOT. THIS YEAR WE RAISED $66,447 SECTION XIII-1C AND XIII-8A. WE DONATED THE PROCEEDS OF $31,573 TO THE EAST COOPER OUTBOARD BENEFICENT GROUP 58-2342112SECTION IX-1. THE EAST COOPER OUTBOARD BENEFICENT GROUP IS OUR 501C3 CHARITABLE ORGANIZATION THAT THEN DONATES THIS MONEY TO WORTHY LOCAL 501C3 CHARITIES. SOME OF THE CHARITIES THAT RECEIVE MONEY ARE EAST COOPER MEALS ON WHEELS MY SISTER'S HOUSE SCHOLARSHIPS TO NEEDY STUDENTS COASTAL CONSERVATION ASSOCIATION SOUTH CAROLINA AND MANY MORE. THE EAST COOPER OUTBOARD HAS BEEN RAISING MONEY THROUGH OUR TURKEY SHOOT FOR OVER 50 YEARS.
MEETING AND SOCIAL EXPENSES TO SERVE THE INTERESTS OF BOAT OWNERS AND PROMOTE THE SAFE USE OF BOATING AND CONSERVATION OF OUR NATURAL RESOURCES. THE EAST COOPER OUTBOARD MOTOR CLUB HAS MONTHLY MEETINGS WHERE WE MEET WITH THE LOCAL CHARITIES THAT WE DONATE MONEY TO. THIS GIVES THE LOCAL CHARITIES A FORUM TO DISCUSS WHAT THERE ORGANIZATION WILL DO WITH THE PROCEEDS TO DISCUSS UPCOMING PROJECTS AND GENERALLY KEEP THE MEMBERS INFORMED. THESE MEETING ARE CRITICAL IN MAKING SURE OUR DONATIONS ARE USED WISELY. THE MEETING ALSO ALLOWS FOR MARINE BIOLOGISTS AND CONSERVATIONISTS THE OPPORTUNITY TO MEET WITH OVER 100 BOAT OWNERS AND FISHERMAN AT EACH MEETING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Gladden Jr Treasurer | Officer | 8 | $0 |
Mark Law Membership Chairman | Officer | 3 | $0 |
Matt Williams Dd Chairman | Officer | 4 | $0 |
Larry Eppersimons Member At Large | Officer | 3 | $0 |
John Gourdin Secretary | Officer | 4 | $0 |
John Curry Chance Nilsen | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,562 |
| Fundraising events | $20,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,982 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,066 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,423 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $766 |
| Office expenses | $714 |
| Information technology | $0 |
| Royalties | $11,880 |
| Occupancy | $7,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,642 |
| Insurance | $11,761 |
| All other expenses | $2,225 |
| Total functional expenses | $118,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,542 |
| Savings and temporary cash investments | $176,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,734 |
| Net Land, buildings, and equipment | $195,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $425,503 |
| Accounts payable and accrued expenses | $17,928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,407 |
| Total liabilities | $57,335 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $87,926 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $280,242 |
| Total liabilities and net assets/fund balances | $425,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Standard Club Johns Creek, GA | $15,932,702 | $5,650,853 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |