Presque Isle Harbor Association
- Assets
- $2.0m
- Revenue
- $877.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Presque Isle, MI
- Founding
- 09/1979
- Data as of
- 03/2023
- EIN
- 23-7318288
Organization Overview
Presque Isle Harbor Association is located in Presque Isle, MI. The organization was established in 1979. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 03/2023, Presque Isle Harbor Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presque Isle Harbor Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Presque Isle Harbor Association generated $877.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $693.7k during the year ending 03/2023. While expenses have increased by 1.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Campo President | OfficerTrustee | $0 | |
Dennis Cleary Director | Trustee | $0 | |
Rob Crook Director | Trustee | $0 | |
Dennis Fauver Director | Trustee | $0 | |
Vickie Fields Treasurer | OfficerTrustee | $0 | |
Dave Larkin Sevretary | Trustee | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $874,325 |
| Investment income | $3,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,679 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $877,138 |
| 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 | $297,660 |
| Pension plan accruals and contributions | $7,623 |
| Other employee benefits | $54,850 |
| Payroll taxes | $33,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,825 |
| Fees for services: Accounting | $4,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,219 |
| Office expenses | $4,240 |
| Information technology | $26,288 |
| Royalties | $0 |
| Occupancy | $134,242 |
| Travel | $2,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,083 |
| All other expenses | $13,996 |
| Total functional expenses | $693,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,036 |
| Savings and temporary cash investments | $553,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $918,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,468 |
| Total assets | $1,990,714 |
| Accounts payable and accrued expenses | $23,930 |
| Grants payable | $0 |
| Deferred revenue | $332,241 |
| 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 | $215,962 |
| Total liabilities | $572,133 |
| Net assets without donor restrictions | $1,409,081 |
| Net assets with donor restrictions | $9,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,990,714 |