Nautical Donations Inc
- Assets
- $108.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 30-0103944
Organization Overview
Nautical Donations Inc is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nautical Donations 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, Nautical Donations Inc generated $187.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $188.0k during the year ending 12/2022. While expenses have increased by 11.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MEMBER ORGANIZATIONS & THEIR PROGRAMS THROUGH THE SALE OF DONATED BOATS AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3
RECREATION, SPORTS, LEISURE, ATHLETICS: SOLICITED BOAT DONATIONS ON BEHALF OF MEMBERS, SOLD 12 DONATED BOATS TO RAISE FUNDS TO SUPPORT MEMBER ORGANIZATIONS AND THEIR PROGRAMS PROMOTING BOATING, OUTREACH THROUGH BOATING AND BOATING EDUCATION.
RECREATION, SPORTS, LEISURE, ATHLETICS: SOLICITED BOAT EQUIPMENT DONATIONS ON BEHALF OF MEMBERS TO RAISE FUNDS TO SUPPORT MEMBER ORGANIZATIONS AND THEIR PROGRAMS PROMOTING BOATING, OUTREACH THROUGH BOATING AND BOATING EDUCATION.
BOAT STORAGE AND REPAIR AND OVERHEAD FOR INVENTORY OF DONATED BOATS AND EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deane Tank Board Member | 0.5 | $0 | |
Robert Bied Board Member | 0.5 | $0 | |
John G Crowley Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,824 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $189 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,013 |
| 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 | $69,365 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,653 |
| Total expenses | $188,027 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,521 |
| Other assets | $0 |
| Total assets | $108,521 |
| Total liabilities | $0 |
| Net assets or fund balances | $108,521 |