Rattlesnake Island Club Inc
- Assets
- $4.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Port Clinton, OH
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 34-1878939
Organization Overview
Rattlesnake Island Club Inc is located in Port Clinton, OH. The organization was established in 2000. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Rattlesnake Island Club Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rattlesnake Island 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 12/2021, Rattlesnake Island Club Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL, RECREATIONAL AND BOATING CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES A CLUB FACILITY FOR ITS MEMBERS AND THEIR GUESTS CONSISTING OF A RESTAURANT, LODGING, BAR & POOL AREA, GIFT SHOP, GOLF COURSE, AND BOATING MARINA
COST OF OCCUPANCY OF FACILITIES LOCATED ON GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcdonald Vice Preside | Officer | 1 | $0 |
Robert M Serpentni President | Officer | 1 | $0 |
Frank Ilcin Director | Trustee | 1 | $0 |
Charles Koch Chairman | Trustee | 1 | $0 |
James Tesar Director | Trustee | 1 | $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 | $1,336,784 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,478,628 |
| 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 | $393,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,671 |
| Payroll taxes | $32,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,040 |
| 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 | $10,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,866 |
| Travel | $17,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,875 |
| Insurance | $37,021 |
| All other expenses | $52,506 |
| Total functional expenses | $1,219,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,377 |
| Prepaid expenses and deferred charges | $9,488 |
| Net Land, buildings, and equipment | $3,784,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,955,354 |
| Accounts payable and accrued expenses | $14,757 |
| 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 | $47,424 |
| Total liabilities | $62,181 |
| Net assets without donor restrictions | $3,893,173 |
| 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 | $3,955,354 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Michigan Sports Commission Grand Rapids, MI | $8,430,553 | $1,952,933 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Wattles Park Mens Club Inc Ceresco, MI | $839,499 | $1,725,864 |
Rattlesnake Island Club Inc Port Clinton, OH | $3,955,354 | $1,478,628 |
Youth Challenge Westlake, OH | $4,644,386 | $1,454,380 |
St Margarets House South Bend, IN | $3,080,061 | $1,550,820 |
Ima Recreation Association Burton, MI | $1,066,982 | $939,967 |
Riverside Camping Assn Lancaster, PA | $1,315,552 | $1,190,999 |
Avon Junior Athletic Association Inc Avon, IN | $324,932 | $875,417 |
Nine 13 Inc Indianapolis, IN | $464,758 | $788,750 |
Ice House Skating Academy Hartland, MI | $45,831 | $787,193 |
Challenge Mountain Of Walloon Hills Inc Boyne City, MI | $1,595,012 | $1,068,376 |