Norwalk Boat Club Inc
- Assets
- $275.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 08/1945
- Data as of
- 12/2023
- EIN
- 06-0474960
Organization Overview
Norwalk Boat Club Inc is located in Norwalk, CT. The organization was established in 1945. 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. Norwalk Boat Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Norwalk Boat Club Inc generated $72.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $88.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE SAFE BOATING AND HOST SOCIAL EVENTS AND ACTIVITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Polocka Trustee | 3 | $0 | |
Justin Saunders Vice Commodore | 3 | $0 | |
Al Williams Trustee | 3 | $0 | |
Jerry Ribeiro Commodore | 2 | $0 | |
Sue Scoggins Financial Secretary | 4 | $0 | |
Sue Powers Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,022 |
| Total Program Service Revenue | $7,867 |
| Membership dues | $43,369 |
| Investment income | $2,181 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,916 |
| Total Revenue | $72,524 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,195 |
| Total expenses | $88,195 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,395 |
| Other assets | $0 |
| Total assets | $275,923 |
| Total liabilities | $30,628 |
| Net assets or fund balances | $245,295 |