Point Nipigon On-The-Straits Resort Club
- Assets
- $632.8k
- Revenue
- $327.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Cheboygan, MI
- Founding
- 09/1946
- Data as of
- 06/2022
- EIN
- 38-1400713
Organization Overview
Point Nipigon On-The-Straits Resort Club, operating under the name Point Nipigon-On-The-Straits Resort, is located in Cheboygan, MI. The organization was established in 1946. 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. Point Nipigon-On-The-Straits Resort is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Point Nipigon-On-The-Straits Resort generated $327.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $309.1k during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 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
TO PROVIDE AND ENCOURAGE A FOSTERING OF RESPECTFUL AND HARMONIOUS LIVING, FOR ALL AGES, THROUGH A WELL MAINTAINED RESORT THAT IS A SAFE AND SECURE CONSERVANCY OF ITS NATURAL BEAUTY SUPPORTED THROUGH STEWARDSHIP AND A PRUDENT MANAGEMENT OF ITS RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED IN BEAUGRAND TOWNSHIP OF CHEBOYGAN COUNTY, MI, THE CORPORATION COLLECTS MEMBER DUES TO FUND COSTS ASSOCIATED WITH MAINTAINING A RESORT ASSOCIATION AND PROVIDING SOCIAL CLUB ACTIVITIES FOR ITS MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Welling Lifka Jr President | Officer | 4 | $0 |
Steve Patterson Treasurer | Officer | 3 | $0 |
Carolyn Cregar Vice Preside | Officer | 3 | $0 |
Elizabeth Avery Secretary | Officer | 3 | $0 |
Gina Norton Director | Trustee | 2 | $0 |
David Belanger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $179,583 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,967 |
| Noncash contributions included in lines 1a–1f | $124,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,550 |
| Total Program Service Revenue | $2,850 |
| Investment income | -$503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,215 |
| 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 | $70,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,739 |
| Fees for services: Accounting | $17,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,573 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,664 |
| Insurance | $14,975 |
| All other expenses | $7,332 |
| Total functional expenses | $309,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,099 |
| Savings and temporary cash investments | $154,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $460,167 |
| Investments—publicly traded securities | $19,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $632,801 |
| Accounts payable and accrued expenses | $2,285 |
| 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 | $1,636 |
| Other liabilities | $4,897 |
| Total liabilities | $8,818 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,725 |
| Paid-in or capital surplus, or land, building, or equipment fund | $302,450 |
| Retained earnings, endowment, accumulated income, or other funds | $319,808 |
| Total liabilities and net assets/fund balances | $632,801 |
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