Danville Boat Club
- Assets
- $362.9k
- Revenue
- $247.4k
- Investments
- $0.0
- Employees
- 25
- Location
- Danville, IL
- Founding
- 01/1939
- Data as of
- 09/2023
- EIN
- 37-0749473
Organization Overview
Danville Boat Club is located in Danville, IL. The organization was established in 1939. 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. As of 09/2023, Danville Boat Club employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danville Boat Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Danville Boat Club generated $247.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $234.4k during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Antonini Commodore/president | OfficerTrustee | 5 | $0 |
Ron Reich First Vice | OfficerTrustee | 8 | $0 |
Jeff O'brien Second Vice | OfficerTrustee | 2 | $0 |
Becky Albin Secretary/treasurer | OfficerTrustee | 8 | $0 |
Deb Fridy Director | Trustee | 2 | $0 |
Jt Watts Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,526 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,989 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,770 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,411 |
| Net Income from Gaming Activities | $3,115 |
| Net Income from Sales of Inventory | $57,070 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,365 |
| 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 | $99,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,531 |
| Office expenses | $1,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,341 |
| Insurance | $15,754 |
| All other expenses | $15,559 |
| Total functional expenses | $234,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,567 |
| Prepaid expenses and deferred charges | $4,354 |
| Net Land, buildings, and equipment | $180,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,870 |
| Accounts payable and accrued expenses | $11,645 |
| Grants payable | $0 |
| Deferred revenue | $63,134 |
| 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 | $3,747 |
| Unsecured mortgages and notes payable | $5,000 |
| Other liabilities | $151,575 |
| Total liabilities | $235,101 |
| Net assets without donor restrictions | $0 |
| 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 | $127,769 |
| Total liabilities and net assets/fund balances | $362,870 |