Tonawanda Island Launch Club Inc
- Assets
- $126.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tonawanda, NY
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 16-0877690
Organization Overview
Tonawanda Island Launch Club Inc is located in Tonawanda, NY. The organization was established in 1969. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Tonawanda Island Launch 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 12/2021, Tonawanda Island Launch Club Inc generated $55.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $63.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF SAFE BOATING ON THE NIAGARA RIVER AND SURROUNDING LAKES AND WATER FRONTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Mckie 3rd Trustee | 5 | $0 | |
Lisa Schroeder Secretary | 5 | $0 | |
Angela Mcdonald Treasurer | 5 | $0 | |
Sharon Fiegl Past Commodore | 5 | $0 | |
Tim Joldos Financial Secretary | 5 | $0 | |
Dave Maloney 2nd Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,116 |
| Membership dues | $26,275 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,391 |
| 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 | $125 |
| Occupancy, rent, utilities, and maintenance | $9,108 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,569 |
| Total expenses | $63,102 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,282 |
| Other assets | $0 |
| Total assets | $126,706 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,706 |
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