Lake Chelan Boating Club Inc
- Assets
- $162.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chelan, WA
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 91-0780838
Organization Overview
Lake Chelan Boating Club Inc is located in Chelan, WA. The organization was established in 1965. 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. Lake Chelan Boating Club Inc 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 12/2022, Lake Chelan Boating Club Inc generated $74.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $48.3k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION PROVIDES ANNUAL SCHOLARSHIPS. ANY UNUSED SCHOLARSHIP IS RETURNED TO THE CLUB FOR FUTURE SCHOLARSHIP USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Nelson Commodore | 5 | $0 | |
Jeannette Krumm Secretary | 5 | $0 | |
Mary Briggs Treasurer | 5 | $0 | |
Brad Soliday Co Social Chair | 5 | $0 | |
Steve Briggs Memb. Chair | 5 | $0 | |
Jeff Peterson Lucerne Cochair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $55,625 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,485 |
| Other Revenue | $0 |
| Total Revenue | $74,221 |
| 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 | $11,652 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,618 |
| Total expenses | $48,270 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,095 |
| Other assets | $0 |
| Total assets | $162,324 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,324 |