Sabine River Rats Inc
- Assets
- $218.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Karnack, TX
- Founding
- 07/2008
- Data as of
- 03/2022
- EIN
- 20-8945733
Organization Overview
Sabine River Rats Inc is located in Karnack, TX. The organization was established in 2008. 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. Sabine River Rats Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2022, Sabine River Rats Inc generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $38.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Keith Franks President | 0 | $0 | |
Brad Franks Vice Preside | 0 | $0 | |
Chris Taylor Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,650 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $973 |
| Gain or Loss | $8,582 |
| Net Income from Gaming & Fundraising | $39,383 |
| Other Revenue | $0 |
| Total Revenue | $58,588 |
| 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 | $700 |
| Occupancy, rent, utilities, and maintenance | $20,422 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,331 |
| Total expenses | $38,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,394 |
| Other assets | $0 |
| Total assets | $218,776 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,776 |
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