Cowan Lake Sailing Association
- Assets
- $296.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lewis Center, OH
- Founding
- 08/1957
- Data as of
- 12/2021
- EIN
- 31-6035755
Organization Overview
Cowan Lake Sailing Association is located in Lewis Center, OH. The organization was established in 1957. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Cowan Lake Sailing Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Cowan Lake Sailing Association generated $83.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $79.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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 |
|---|---|---|---|
Michael Conrad Vice-Commodore | 10 | $0 | |
Pete Japikse Commodore | 10 | $0 | |
Tom Antunes Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,123 |
| Membership dues | $80,484 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $282 |
| Total Revenue | $83,897 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $40,447 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,000 |
| Total expenses | $79,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $149,305 |
| Other assets | $0 |
| Total assets | $296,503 |
| Total liabilities | $987 |
| Net assets or fund balances | $295,516 |
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