French Island Marina & Boat Club Inc
- Assets
- $131.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Hatfield, IN
- Founding
- 02/2004
- Data as of
- 12/2020
- EIN
- 35-1055985
Organization Overview
French Island Marina & Boat Club Inc is located in Hatfield, IN. The organization was established in 2004. 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 12/2020, French Island Marina & Boat Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French Island Marina & Boat 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 12/2020, French Island Marina & Boat Club Inc generated $91.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $87.5k during the year ending 12/2020. While expenses have increased by 12.4% per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
MAINTAIN A RECREATIONAL FACILITY FOR ITS MEMBERS ALONG THE OHIO RIVER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Silke President | 5 | $0 | |
Brenda Kay Bates Treasurer | 5 | $0 | |
Chip Wood Vice Preside | 5 | $0 | |
Buffy Crowley Secretary | 5 | $0 | |
Kelly Laib Signing Offi | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $865 |
| Total Program Service Revenue | $60,819 |
| Membership dues | $12,980 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,023 |
| Other Revenue | $7,007 |
| Total Revenue | $91,696 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,362 |
| Professional fees and other payments to independent contractors | $820 |
| Occupancy, rent, utilities, and maintenance | $9,973 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,317 |
| Total expenses | $87,472 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,538 |
| Other assets | $0 |
| Total assets | $131,179 |
| Total liabilities | $27,505 |
| Net assets or fund balances | $103,674 |
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