Antique And Classic Boat Society Inc
- Assets
- $1.5m
- Revenue
- $507.3k
- Investments
- $1.0m
- Employees
- 3
- Location
- Clayton, NY
- Founding
- 01/1987
- Data as of
- 11/2021
- EIN
- 14-6081693
Organization Overview
Antique And Classic Boat Society Inc is located in Clayton, NY. The organization was established in 1987. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 11/2023, Antique And Classic Boat Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Antique And Classic Boat Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Antique And Classic Boat Society Inc generated $507.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $404.4k during the year ending 11/2021. 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
THE VISION OF THE ANTIQUE AND CLASSIC BOAT SOCIETY, INC. IS TO PROVIDE AN ORGANIZATION WHEREIN PEOPLE WITH A COMMON INTEREST IN AND LOVE OF HISTORIC, ANTIQUE AND CLASSIC BOATS CAN COME TOGETHER WITH FRIENDS AND COLLEAGUES IN A SPIRIT OF FELLOWSHIP AND FUN TO SHARE DREAMS, ADVENTURES, KNOWLEDGE, HISTORY AND EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE LOVE AND ENJOYMENT OF ALL ASPECTS OF CLASSIC BOATING. IN FURTHERANCE OF THAT GOAL, ACBS ALSO PROVIDES SCHOLARSHIPS TO WORTHY STUDENTS SEEKING CAREERS IN THE FIELD OF ANTIQUE MARINE RESTORATION AND PRESERVATION. ACBS ALSO ACTS AS A CENTRAL GOVERNING BODY FOR THE CLASSIC BOATING HOBBY AND OUR CHAPTERS.MEMBERSHIP IN ACBS ALSO PROVIDES ACCESS TO A RANGE OF INFORMATION RANGING FROM OUR AWARD WINNING MAGAZINE, THE RUDDER, TO RESTORATION VIDEOS AND NUMEROUS MEMBER DISCOUNTS, INCLUDING DISCOUNTS ON BOAT INSURANCE. OUR REGULAR ACTIVITIES INCLUDE BOAT SHOWS, RESTORATION SYMPOSIUMS, AND QUARTERLY MEETINGS IN SOME OF THE MOST BEAUTIFUL BOATING AREAS IN NORTH AMERICA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Barrick Member | Trustee | 1 | $0 |
Tim Bush Past President | OfficerTrustee | 1 | $0 |
Rob Lyons President | OfficerTrustee | 1 | $0 |
Terry Feist Member | Trustee | 1 | $0 |
Maggi Cassell Secretary | OfficerTrustee | 1 | $0 |
Ed Andrews Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,537 |
| Investment income | $23,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,622 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $480 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,295 |
| Statement of Expenses | |
|---|---|
| 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. | $80,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,456 |
| Other employee benefits | $0 |
| Payroll taxes | $6,528 |
| Fees for services: Management | $6,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,880 |
| Advertising and promotion | $9,000 |
| Office expenses | $18,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,820 |
| 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 | $5,893 |
| Insurance | $23,688 |
| All other expenses | $0 |
| Total functional expenses | $404,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,640 |
| Savings and temporary cash investments | $108,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,868 |
| Prepaid expenses and deferred charges | $25,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,012,012 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,544,435 |
| Accounts payable and accrued expenses | $5,610 |
| Grants payable | $0 |
| Deferred revenue | $40,195 |
| 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 | $23,119 |
| Total liabilities | $68,924 |
| 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 |
| Total liabilities and net assets/fund balances | $1,475,511 |