Lake Leelanau Rowing Club
- Assets
- $7.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Leelanau, MI
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 27-3114958
Organization Overview
Lake Leelanau Rowing Club is located in Lake Leelanau, MI. The organization was established in 2013. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Lake Leelanau Rowing Club 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, Lake Leelanau Rowing Club generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $34.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Montie Director | 0 | $0 | |
Arnold Lande Director | 0 | $0 | |
Erik Zehender President/secretary | 5 | $0 | |
Lois Roper Forrester Treasurer | 0.5 | $0 | |
Viktor Grebennykov Coach (part-Time) | 10 | $2,420 | |
Elizabeth Saunders Coach (part-Time) | 2 | $1,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014 |
| Total Program Service Revenue | $21,550 |
| Membership dues | $4,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,564 |
| 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 | $12,314 |
| Occupancy, rent, utilities, and maintenance | $495 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,460 |
| Total expenses | $34,269 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $602 |
| Other assets | $0 |
| Total assets | $7,288 |
| Total liabilities | $74,175 |
| Net assets or fund balances | -$66,887 |