Blue Water Offshore Racing Association Inc
- Assets
- $33.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Clair, MI
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 38-3377746
Organization Overview
Blue Water Offshore Racing Association Inc is located in St Clair, MI. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Water Offshore Racing Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Blue Water Offshore Racing Association Inc generated $23.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $5.8k during the year ending 12/2021. While expenses have increased by 12.0% 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
TO SUPPORT LOCAL SERVICE ORGANIZATIONS INCLUDING ST. CLAIR ROTARY, KNIGHTS OF COLUMBUS, ST. CLAIR LIONS CLUB, ST. CLAIR HIGH SCHOOL, CITY OF ST. CLAIR, THE NAVAL SEA CADET PROGRAM AND OTHER LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Brunner President | 7 | $0 | |
Robert C Currier Secretary / Treasurer | 10 | $0 | |
Edward Butch Kindsvater Jr Vice President | 7 | $0 | |
Kris Paul Board Member | 5 | $0 | |
Scott Rowse Board Member | 5 | $0 | |
Robert C Mclaren Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $425 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$77,394 |
| Other Revenue | $0 |
| Total Revenue | $23,131 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $1,078 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $5,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,714 |
| Other assets | $0 |
| Total assets | $33,714 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,714 |