Economic Club Of Traverse City Inc
- Assets
- $127.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 38-2528542
Organization Overview
Economic Club Of Traverse City Inc is located in Traverse City, MI. The organization was established in 1998. 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. Economic Club Of Traverse City Inc 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 12/2023, Economic Club Of Traverse City Inc generated $70.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $75.5k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Jolly Director | 0.5 | $0 | |
Norm Plumstead President | 1 | $0 | |
Kathy Dixon Director | 0.5 | $0 | |
Jan Chapman Director | 0.5 | $0 | |
Des Worthington Vp/treasurer | 1 | $0 | |
Rebecca Teahen Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $69,966 |
| Investment income | $157 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,123 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $684 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,840 |
| Total expenses | $75,524 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,616 |
| Other assets | $0 |
| Total assets | $127,616 |
| Total liabilities | $0 |
| Net assets or fund balances | $127,616 |