Low Tide Motors Inc
- Assets
- $28.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 84-2755828
Organization Overview
Low Tide Motors Inc is located in Brooklyn, NY. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Tide Motors Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Low Tide Motors Inc generated $122.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $114.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE MEMBERSHIP SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Henshaw Treasurer | 20 | $0 | |
Noah Chamis President | 10 | $0 | |
Andrew Kashian Secretary | 1 | $0 | |
David Whitcraft Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,290 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,290 |
| 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 | $1,226 |
| Occupancy, rent, utilities, and maintenance | $90,561 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,206 |
| Total expenses | $113,993 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,709 |
| Other assets | $0 |
| Total assets | $28,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,709 |