Kennebunk River Club
- Assets
- $3.7m
- Revenue
- $808.0k
- Investments
- $0.0
- Employees
- 23
- Location
- Kennebunkport, ME
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 01-0100593
Organization Overview
Kennebunk River Club is located in Kennebunkport, ME. The organization was established in 1960. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Kennebunk River Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebunk River Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Kennebunk River Club generated $808.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $866.9k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE ORGANIZATION THAT PROVIDES BOATING ACCOMODATIONS, SPORTING ACTIVITIES, AND SOCIAL EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF TENNIS COURTS TO MEMBERS.
PROVISION OF BOAT SLIPS AND OTHER BOATING SERVICES TO MEMBERS.
PROVISION OF SOCIAL ACTIVITES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Johnson Director | Trustee | 3 | $0 |
Marla Katz Director | Trustee | 1 | $0 |
Lisa Kendrick Director | Trustee | $0 | |
Mark Lamarre Director | Trustee | 1 | $0 |
Cheryll Pendergast Director | Trustee | 1 | $0 |
John Rinaldi Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $466,895 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,496 |
| Total Program Service Revenue | $302,686 |
| Investment income | $29,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $257,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,139 |
| Advertising and promotion | $0 |
| Office expenses | $14,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,423 |
| Insurance | $39,097 |
| All other expenses | $68,662 |
| Total functional expenses | $866,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,659 |
| Savings and temporary cash investments | $792,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,398 |
| 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 | $11,520 |
| Net Land, buildings, and equipment | $2,811,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48 |
| Total assets | $3,744,609 |
| Accounts payable and accrued expenses | $7,243 |
| Grants payable | $0 |
| Deferred revenue | $44,900 |
| 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 | $6,358 |
| Total liabilities | $58,501 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,686,108 |
| Total liabilities and net assets/fund balances | $3,744,609 |