Old Black Point Association Inc
- Assets
- $991.8k
- Revenue
- $410.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Niantic, CT
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 06-0625729
Organization Overview
Old Black Point Association Inc is located in Niantic, CT. The organization was established in 1942. 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 12/2021, Old Black Point Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Black Point Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Old Black Point Association Inc generated $410.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $410.7k during the year ending 12/2021. 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
TO PROVIDE VARIOUS SERVICES FOR THE BENEFIT OF THE ASSOCIATION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VARIOUS BENEFITS FOR THE ASSOCIATION INCLUDING BUT NOT LIMITED TO RECREATIONAL ACTIVITIES AND PRIVATE SECURITY. APPROXIMATELY 190 MEMBER OF VARIOUS LEVELS OF MEMBERSHIPS ARE BEING SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ferreira Vice President | OfficerTrustee | 1 | $0 |
Linda Stein Secretary | OfficerTrustee | 1 | $0 |
Henry Amdur President | OfficerTrustee | 1 | $0 |
Heidi Wissmiller Governor | OfficerTrustee | 1 | $0 |
Ann Marie Mulready Treasurer | OfficerTrustee | 1 | $0 |
Pamela Thompson Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $385,260 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,260 |
| Total Program Service Revenue | $24,931 |
| Investment income | $165 |
| 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 | $410,356 |
| 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 | $42,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,702 |
| Fees for services: Accounting | $4,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,377 |
| Advertising and promotion | $0 |
| Office expenses | $114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,423 |
| 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 | $29,887 |
| Insurance | $36,291 |
| All other expenses | $72,141 |
| Total functional expenses | $410,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,825 |
| Savings and temporary cash investments | $341,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,641 |
| 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 | $5,643 |
| Net Land, buildings, and equipment | $556,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $991,757 |
| Accounts payable and accrued expenses | $24,498 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,498 |
| Net assets without donor restrictions | $829,537 |
| Net assets with donor restrictions | $137,722 |
| 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 | $991,757 |
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