Swan Boat Club
- Assets
- $615.0k
- Revenue
- $257.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Newport, MI
- Founding
- 12/1949
- Data as of
- 04/2022
- EIN
- 38-1331045
Organization Overview
Swan Boat Club is located in Newport, MI. The organization was established in 1949. 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 04/2022, Swan Boat Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swan 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 04/2022, Swan Boat Club generated $257.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $151.3k during the year ending 04/2022. While expenses have increased by 0.6% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION - BOATING AND SAILING CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DOCK SPACE FOR BOATERS AND HALL FOR OTHER FELLOWSHIP ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Johnson Director | Trustee | 5 | $0 |
Diane Medina Director | Trustee | 5 | $0 |
Susan Stevenson Director | Trustee | 5 | $0 |
Sheryl Stiles Treasurer | Officer | 10 | $0 |
Richard Liberty Vice Commodore | Officer | 10 | $0 |
Robert Schneider Commodore | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,448 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,778 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,361 |
| Net Income from Gaming Activities | $8,898 |
| Net Income from Sales of Inventory | $95,175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,446 |
| 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 | $33,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,087 |
| Office expenses | $6,901 |
| Information technology | $7,611 |
| Royalties | $0 |
| Occupancy | $76,607 |
| Travel | $189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $245 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,090 |
| Insurance | $1,819 |
| All other expenses | $0 |
| Total functional expenses | $151,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,378 |
| Savings and temporary cash investments | $165,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $381,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,994 |
| Accounts payable and accrued expenses | $1,581 |
| 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 | $0 |
| Total liabilities | $1,581 |
| 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 | $613,413 |
| Total liabilities and net assets/fund balances | $614,994 |