Newport Harbor Association Inc
- Assets
- $1.2m
- Revenue
- $702.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Bratenahl, OH
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 34-1680760
Organization Overview
Newport Harbor Association Inc is located in Bratenahl, OH. The organization was established in 2002. 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 12/2022, Newport Harbor Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Harbor Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Newport Harbor Association Inc generated $702.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $581.1k during the year ending 12/2022. While expenses have increased by 4.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER AND MAINTAIN NEWPORT HARBOR, A MARINA DEVELOPMENT IN BRATENAHL, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF NEWPORT HARBOR INCLUDING REPAIRS, UTILITIES, REAL ESTATE TAXES, SUPPLIES, EQUIPMENT, AND PERIODIC DREDGING OF THE HARBOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Myeroff Treasurer | OfficerTrustee | 2 | $0 |
James Voos Secretary | OfficerTrustee | 2 | $0 |
Thomas Mcdonald President | OfficerTrustee | 2 | $0 |
Bob Wallens Board Member | OfficerTrustee | 2 | $0 |
Steve Fishman Board Member | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $701,459 |
| Investment income | $495 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $701,954 |
| 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 | $219,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,675 |
| Payroll taxes | $23,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,084 |
| Fees for services: Accounting | $5,032 |
| 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 | $7,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,838 |
| Interest | $1,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,213 |
| Insurance | $21,638 |
| All other expenses | $37,351 |
| Total functional expenses | $581,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,490 |
| Savings and temporary cash investments | $626,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,608 |
| 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 | $452,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,176,475 |
| Accounts payable and accrued expenses | $77,584 |
| Grants payable | $0 |
| Deferred revenue | $23,451 |
| 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 | $34,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $135,545 |
| Net assets without donor restrictions | $1,040,930 |
| Net assets with donor restrictions | $0 |
| 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 | $1,176,475 |
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