Cape May Marlin & Tuna Club Inc is located in Cape May, NJ. The organization was established in 2011. 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 12/2019, Cape May Marlin & Tuna Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape May Marlin & Tuna 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 12/2019, Cape May Marlin & Tuna Club Inc generated $235.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $227.0k during the year ending 12/2019. While expenses have increased by 12.0% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND MAINTIAN A PRIVATE CLUB FOR THE RECREATIONAL AND SOCIAL ENJOYMENT OF ITS MEMBERS AND FOR THE PROMOTION OF FISHING IN CAPE MAY COUNTY AND ITS SURROUNDING WATERS. ALSO TO ESTABLISH AND MAINTAIN A MUTUALLY BENEFICIAL RELATIONSHIP WITH OTHER CLUBS AND ORGANIZATIONS INVOLVED IN THE SPORT OF FISHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE FACILITES AND MEETING ROOMS FOR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carl Ascoli Vice Preside | Officer | $0 | |
Nadya Lawrence Secretary | Officer | $0 | |
John Riccardi Treasurer | Officer | $0 | |
Chris Riley President | Officer | $0 | |
Leroy Wooster Asst Treasur | Officer | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,200 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,200 |
Total Program Service Revenue | $234,597 |
Investment income | $5 |
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 | $235,802 |
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 | $39,907 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $19,413 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $7,355 |
Information technology | $5,787 |
Royalties | $0 |
Occupancy | $22,915 |
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 | $6,757 |
Insurance | $7,807 |
All other expenses | $0 |
Total functional expenses | $227,003 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $69,751 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $7,810 |
Prepaid expenses and deferred charges | $4,940 |
Net Land, buildings, and equipment | $109,245 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,000 |
Total assets | $200,746 |
Accounts payable and accrued expenses | $2,785 |
Grants payable | $0 |
Deferred revenue | $29,275 |
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 | $32,060 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $49,000 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $119,686 |
Total liabilities and net assets/fund balances | $200,746 |
Over the last fiscal year, we have identified 1 grants that Cape May Marlin & Tuna Club Inc has recieved totaling $2,750.
Awarding Organization | Amount |
---|---|
Diller Foundation Inc Stone Harbor, NJ PURPOSE: TO ASSIST THE FOUNDATION IN THE PURCHASE OF NEW COMPUTERS AND UPDATE THEIR WEBSITE. | $2,750 |
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