River Noire Yacht Club Condominium Association
- Assets
- $190.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Haven, MI
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 38-3060584
Organization Overview
River Noire Yacht Club Condominium Association is located in South Haven, MI. The organization was established in 1993. 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. River Noire Yacht Club Condominium Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, River Noire Yacht Club Condominium Association generated $121.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $80.5k during the year ending 12/2021. While expenses have increased by 14.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SAFELY MAINTAINED BOAT SLIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Schroeder President | 3 | $750 | |
Mary Dovgin Secretary | 5 | $0 | |
Marc Weber Vice President | 3 | $0 | |
John Reichardt Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $120,090 |
| Investment income | $244 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,540 |
| Total Revenue | $121,749 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,538 |
| Professional fees and other payments to independent contractors | $11,146 |
| Occupancy, rent, utilities, and maintenance | $48,824 |
| Printing, publications, postage, and shipping | $342 |
| Other expenses | $18,699 |
| Total expenses | $80,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,549 |
| Other assets | $0 |
| Total assets | $190,136 |
| Total liabilities | $5,930 |
| Net assets or fund balances | $184,206 |
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