Ocean Beach And Bay Club

Organization Overview

Ocean Beach And Bay Club is located in Lavallette, NJ. The organization was established in 1955. 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 12/2023, Ocean Beach And Bay Club employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Beach And Bay Club 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, Ocean Beach And Bay Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $874.2k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND PROTECT THE GENERAL WELFARE AND PROPERTY RIGHTS OF THE PROPERTY OWNERS IN THEIR USE AND ENJOYMENT OF THE PROPERTY AT OCEAN BEACH IN THE BOROUGH OF LAVALLETTE IN OCEAN COUNTY NEW JERSEY. AND TO PROMOTE THE IMPROVEMENT OF ALL NATURAL FACILITIES OF THE BEACH FRONT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE AND PROTECT GENERAL WELFARE AND PROPERTY RIGHTS OF THE PROPERTY OWNERS IN THEIR USE AND ENJOYMENT OF THE PROPERTY AT OCEAN BEACH IN THE TOWNSHIP OF TOMS RIVER IN OCEAN COUNTY, NEW JERSEY. TO PROMOTE THE IMPROVEMENT OF ALL NATURAL FACILITIES OF THE BEACH FRONT AND BAY FRONT OF OCEAN BEACH.


DEPRECIATION


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Board, Officers & Key Employees

Name (title)Compensation
Sharon Anderola
Trustee
$0
Monica Anton
Trustee
$0
Bob Bandel
Trustee
$0
Mike Haney
Trustee
$0
Tom Zich
Trustee
$0
Frank Augustine
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$850,218
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$28,289
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$878,507
Total Program Service Revenue$175,584
Investment income $26,789
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,650
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $7,619
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$7,915
Miscellaneous Revenue$0
Total Revenue $1,082,234

Peer Organizations

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