Marannook Inc
- Assets
- $2.9m
- Revenue
- $1.6m
- Investments
- $177.0k
- Employees
- 30
- Location
- Lafayette, AL
- Founding
- 08/1977
- Data as of
- 12/2022
- EIN
- 23-7439467
Organization Overview
Marannook Inc is located in Lafayette, AL. The organization was established in 1977. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Marannook Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marannook 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 12/2022, Marannook Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $781.6k during the year ending 12/2022. While expenses have increased by 12.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING COUNSELORS IN BIBLE PRINCIPLES AND APPLYING THOSE PRINCIPLES TO CAMPERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BIBLE TRAINING TO COLLEGE AGE STUDENTS. COSTS INCLUDE MATERIALS, ADMINISTRATIVE PERSONNEL, SUPPORT PERSONNEL AND ROOM & BOARD RELATED EXPENSES. THESE COSTS ARE FUNDED THROUGH CHARITABLE GIVING.
CHRISTIAN CAMPING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Boles Chairman | OfficerTrustee | 0 | $0 |
Dimon Kendrick-Holmes Vice Chairman | OfficerTrustee | 0 | $0 |
Adam Sanders Board Member | Trustee | 0 | $0 |
Carol Ann Peake Board Member | Trustee | 0 | $0 |
Mike Johnson Board Member | Trustee | 0 | $0 |
Roy Washburn Secretary | OfficerTrustee | 0 | $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 | $1,315,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,315,415 |
| Total Program Service Revenue | $317,413 |
| Investment income | $506 |
| 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 | -$15,282 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,618,052 |
| 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 | $295,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $7,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,124 |
| Travel | $3,666 |
| 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 | $217,707 |
| Insurance | $21,177 |
| All other expenses | $41,303 |
| Total functional expenses | $781,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,300 |
| Savings and temporary cash investments | $202,805 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,197,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $177,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,859,755 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $121,672 |
| 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 | $121,672 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,738,083 |
| 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 | $2,859,755 |