Columbus Beach Club Inc
- Assets
- $2.4m
- Revenue
- $873.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Indian River, MI
- Founding
- 01/1967
- Data as of
- 09/2024
- EIN
- 31-4152765
Organization Overview
Columbus Beach Club Inc is located in Indian River, MI. The organization was established in 1967. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2024, Columbus Beach Club Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Beach Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2024, Columbus Beach Club Inc generated $873.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $551.8k during the year ending 09/2024. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THIS SOCIAL CLUB EXISTS TO PROMOTE A SUMMER RECREATIONAL COMMUNITY MARKED BY MULTI-GENERATIONAL FAMILY AND PERSONAL RELATIONSHIPS AMONG THOSE WHO HAVE STRONG HISTORIC TIES TO THE BURT LAKE REGION OF NORTHERN MICHIGAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS AND IMPROVES SOCIAL AND RECREATIONAL FACILITIES FOR ITS MEMBERS AND GUESTS. THE MAJORITY OF MEMBERS ARE SEASONAL. THERE ARE A NUMBER WHO LIVE AT THE CLUB YEAR AROUND.
THE CLUB MAINTAINS AND IMPROVES SOCIAL AND RECREATIONAL FACILITIES FOR ITS MEMBERS AND GUESTS. THE MAJORITY OF MEMBERS ARE SEASONAL. THERE ARE A NUMBER WHO LIVE AT THE CLUB YEAR AROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trina Secor President | Officer | $0 | |
David Campbell Vice Preside | Officer | $0 | |
Chris Steward Treasurer | Officer | $0 | |
Sherrie Snyder Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $532,680 |
| 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 | $532,680 |
| Total Program Service Revenue | $48,291 |
| Investment income | $289,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$851 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,285 |
| 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 | $173,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,341 |
| Payroll taxes | $14,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,550 |
| 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 | $3,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,647 |
| Travel | $0 |
| 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 | $68,057 |
| Insurance | $11,767 |
| All other expenses | $52,668 |
| Total functional expenses | $551,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,311 |
| Savings and temporary cash investments | $224,349 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $844,989 |
| Investments—publicly traded securities | $1,321,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,429,759 |
| Accounts payable and accrued expenses | $1,663 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $60,761 |
| Total liabilities | $62,424 |
| Net assets without donor restrictions | $1,046,576 |
| Net assets with donor restrictions | $1,320,759 |
| 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 | $2,429,759 |