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.
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 |
|---|---|---|---|
Steven Brunner President | 7 | $0 | |
Robert C Currier Secretary / Treasurer | 10 | $0 | |
Scott Rowse Board Member | 5 | $0 | |
Edward Butch Kindsvater Jr Vice President | 7 | $0 | |
Robert C Mclaren Board Member | 3 | $0 | |
Brian Kowalski 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Water Offshore Racing Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |