East Chop Beach Club
- Assets
- $956.6k
- Revenue
- $578.4k
- Investments
- $0.0
- Employees
- 33
- Location
- Oak Bluffs, MA
- Founding
- 07/1934
- Data as of
- 02/2023
- EIN
- 04-1269560
Organization Overview
East Chop Beach Club is located in Oak Bluffs, MA. The organization was established in 1934. 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 02/2023, East Chop Beach Club employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Chop Beach Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, East Chop Beach Club generated $578.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $693.4k during the year ending 02/2023. While expenses have increased by 4.5% per year over the past 8 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
EAST CHOP BEACH CLUB IS A MEMBERSHIP ORGANIZATION PROVIDING MEMBERS WITH THE USE OF BEACH, BATHING FACILITIES, HARBOR FACILITIES, AND BOAT STORAGE AND LAUNCHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATED THE BUILDINGS,BEACH AND BEACH HOUSE AND THE HARBOR FACILITIES FOR ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Corvese President | OfficerTrustee | 5 | $0 |
Stan Widger Vice-President | OfficerTrustee | 2 | $0 |
Al Van Ranst Treasurer | OfficerTrustee | 5 | $0 |
Sharon Robinson Secretary | OfficerTrustee | 5 | $0 |
Matt Nerney Director | Trustee | 5 | $0 |
Ed Zephir Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,537 |
| Total Program Service Revenue | $541,267 |
| Investment income | $1,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,440 |
| 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 | $578,390 |
| 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 | $221,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,554 |
| Insurance | $25,397 |
| All other expenses | $26,769 |
| Total functional expenses | $693,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,472 |
| Savings and temporary cash investments | $423,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,531 |
| 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 | $9,567 |
| Net Land, buildings, and equipment | $449,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,578 |
| Accounts payable and accrued expenses | $5,125 |
| Grants payable | $0 |
| Deferred revenue | $11,150 |
| 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 | $0 |
| Total liabilities | $16,275 |
| Net assets without donor restrictions | $940,303 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $956,578 |