Lake Mansfield Trout Club
- Assets
- $3.2m
- Revenue
- $845.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Stowe, VT
- Founding
- 12/1948
- Data as of
- 10/2021
- EIN
- 03-0135990
Organization Overview
Lake Mansfield Trout Club is located in Stowe, VT. The organization was established in 1948. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Lake Mansfield Trout Club employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mansfield Trout Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Lake Mansfield Trout Club generated $845.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $816.4k during the year ending 10/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL/RECREATION CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN PROPERTY FOR THE USE OF ITS MEMBERS WHICH INCLUDES LAKE, DAM, FISHING, AND OTHER RECREATIONAL ACTIVITIES INCLUDING CLUB FACILITIES/LODGING.
MAINTAIN PROPERTY FOR THE USE OF ITS MEMBERS WHICH INCLUDES LAKE, DAM, FISHING, AND OTHER RECREATIONAL ACTIVITIES INCLUDING CLUB FACILITIES/LODGING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Adams 2nd Vice Pre | Officer | 5 | $0 |
Scott Boardman President | Officer | 5 | $0 |
Tim Burke 1st Vice Pre | Officer | 5 | $0 |
Kenneth Valentine Secretary | Officer | 5 | $0 |
Stuart Weppler Treasurer | Officer | 5 | $0 |
Cliff Deetjen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $387,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,767 |
| Total Program Service Revenue | $407,224 |
| Investment income | $15,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,286 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,998 |
| 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 | $368,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,548 |
| Payroll taxes | $37,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,555 |
| Advertising and promotion | $0 |
| Office expenses | $17,217 |
| Information technology | $2,944 |
| Royalties | $0 |
| Occupancy | $56,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,196 |
| Insurance | $40,953 |
| All other expenses | $43,159 |
| Total functional expenses | $816,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,108 |
| Savings and temporary cash investments | $103,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,087 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,670,892 |
| Investments—publicly traded securities | $1,159,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,317 |
| Total assets | $3,183,971 |
| Accounts payable and accrued expenses | $28,860 |
| 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 | $1,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,993 |
| Total liabilities | $61,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $210,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $87,739 |
| Retained earnings, endowment, accumulated income, or other funds | $2,824,725 |
| Total liabilities and net assets/fund balances | $3,183,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peconic River Sportsmans Club Inc Manorville, NY | $3,555,154 | $1,613,904 |
Lake Mansfield Trout Club Stowe, VT | $3,183,971 | $844,998 |
Anglers Club Of New York New York, NY | $1,363,741 | $661,855 |
Nantucket Anglers Club Inc Nantucket, MA | $898,940 | $805,730 |
Rochester Brooks Gun Club Inc Rush, NY | $1,271,123 | $861,779 |
Falmouth Rod & Gun Club Inc Falmouth, MA | $671,051 | $732,090 |
Laconia Rod & Gun Club Laconia, NH | $810,834 | $627,098 |
Gun Owners Action League Inc Northborough, MA | $539,897 | $695,790 |
Posh Pets Rescue Inc New York, NY | $200,004 | $624,219 |
Braintree Rifle & Pistol Club Inc Braintree, MA | $5,274,059 | $808,444 |
Andover Sportsmans Club Inc Andover, MA | $1,422,440 | $746,197 |
New York State Amateur Trapshooting Association Lockport, NY | $391,483 | $413,532 |