International Model Power Boat Association
- Assets
- $64.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 07/1990
- Data as of
- 10/2022
- EIN
- 35-1582618
Organization Overview
International Model Power Boat Association is located in Toledo, OH. The organization was established in 1990. 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. International Model Power Boat Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2022, International Model Power Boat Association generated $45.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $38.0k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE INTEREST IN & EDUCATE ABOUT THE SPORT OF MODEL POWER BOAT RACING, ESTABLISH & PROVIDE UNIFORM RULES, AND SPONSOR SANCTIONED REGATTAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Rupley Secretary | 0 | $19,600 | |
Matthew Schofield Vice Preside | 0 | $0 | |
Fred Lumb Jr President | 0 | $0 | |
Kim Grim Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $41,350 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,915 |
| Total Revenue | $45,268 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,362 |
| Professional fees and other payments to independent contractors | $1,020 |
| Occupancy, rent, utilities, and maintenance | $2,826 |
| Printing, publications, postage, and shipping | $849 |
| Other expenses | $11,897 |
| Total expenses | $37,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,124 |
| Other assets | $0 |
| Total assets | $64,124 |
| Total liabilities | $408 |
| Net assets or fund balances | $63,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Collegiate Water Polo Association Bridgeport, PA | $228,874 | $712,974 |
Dayton Raiders Facilities Inc Beavercreek, OH | $1,039,430 | $598,004 |
Emmaus Aquatic Club Emmaus, PA | $617,320 | $944,594 |