Broad Sound Tuna Club Inc is located in Revere, MA. The organization was established in 1987. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Sound 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 12/2022, Broad Sound Tuna Club Inc generated $48.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $49.2k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDES A VENUE FOR FAMILY AND GROUP FISHING ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joe Molloy Commodore | 10 | $0 | |
Name Not Listed Treasurer | 10 | $0 | |
Brian Macdonald Director | 5 | $0 | |
Herman Pereira Director | 5 | $0 | |
Tony Mcclain Director | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $48,737 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $48,737 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $8,559 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $40,657 |
Total expenses | $49,216 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $135,448 |
Other assets | $0 |
Total assets | $160,192 |
Total liabilities | $122,821 |
Net assets or fund balances | $37,371 |