Leisure Hour Club
- Assets
- $62.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albion, MI
- Founding
- 07/1938
- Data as of
- 12/2023
- EIN
- 38-1269013
Organization Overview
Leisure Hour Club is located in Albion, MI. The organization was established in 1938. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Leisure Hour Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Leisure Hour Club generated $27.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $25.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
FRATERNAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Zaremba President | 20 | $0 | |
Della Zaremba Treasurer | 5 | $0 | |
Tony Weaver Trustee | 5 | $0 | |
Michelle Dye Bar Manager | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,105 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,422 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $50 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,366 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $13,532 |
| Total expenses | $25,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,861 |
| Other assets | $0 |
| Total assets | $62,128 |
| Total liabilities | $54,491 |
| Net assets or fund balances | $7,637 |