Lebanon Outing Club Inc
- Assets
- $129.8k
- Revenue
- $222.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, NH
- Founding
- 04/1988
- Data as of
- 06/2024
- EIN
- 22-2839786
Organization Overview
Lebanon Outing Club Inc is located in Lebanon, NH. The organization was established in 1988. 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. Lebanon Outing Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Lebanon Outing Club Inc generated $222.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $197.4k during the year ending 06/2024. While expenses have increased by 6.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW COST RECREATION TO FAMILIES & SCHOOLS LOCATED IN THE UPPER VALLEY OF NEW HAMPSHIRE & VERMONT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Grant President | 40 | $63,000 | |
Stephanie Vallee Vice President | 2 | $0 | |
Beth Plante Treasurer | 4 | $0 | |
Calli Grant Secretary | 4 | $0 | |
Robert Morse Director | 1 | $0 | |
Stephanie Graudons Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $211,701 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,490 |
| Total Revenue | $222,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,450 |
| Other employee salaries and wages | $2,600 |
| Pension plans, employee benefits | $0 |
| Interest | $3,685 |
| Taxes | $6,200 |
| Depreciation | $9,044 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,295 |
| Total operating and administrative expenses | $197,449 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $197,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,091 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $112,739 |
| Other assets | $0 |
| Total assets | $129,830 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $64,085 |
| Other liabilities | $1,777 |
| Total liabilities | $65,862 |
Grants Awarded
Over the last fiscal year, Lebanon Outing Club Inc has awarded $650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TARA GERAGHTY-MOATS PURPOSE: SCHOLARSHIP FOR SKI JUMPING AND RELATED ACTIVITIES. | $550 |
THE EASTERN SKI JUMPING & NORDIC COMBINES FOUNDATON INC PURPOSE: MEMORIAL DONATION | $100 |