Seaway Boat Club Of Wyandotte
- Assets
- $342.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wyandotte, MI
- Founding
- 07/1950
- Data as of
- 12/2021
- EIN
- 38-6037673
Organization Overview
Seaway Boat Club Of Wyandotte is located in Wyandotte, MI. The organization was established in 1950. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Seaway Boat Club Of Wyandotte 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, Seaway Boat Club Of Wyandotte generated $58.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. 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 |
|---|---|---|---|
Dennis Porter Commodore | 10 | $0 | |
Dan Martin Fleet Captain | 10 | $0 | |
Tom Clarkson Treasurer | 10 | $0 | |
Patrick Sullivan Bar Manager | 10 | $0 | |
Frank Labeau Fin Sec | 10 | $0 | |
Karl Welch Vice Commodore | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $961 |
| Total Program Service Revenue | $0 |
| Membership dues | $37,155 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,473 |
| Other Revenue | $0 |
| Total Revenue | $58,543 |
| 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 | $1,106 |
| Occupancy, rent, utilities, and maintenance | $20,636 |
| Printing, publications, postage, and shipping | $1,087 |
| Other expenses | $15,216 |
| Total expenses | $38,045 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,266 |
| Other assets | $0 |
| Total assets | $342,158 |
| Total liabilities | $0 |
| Net assets or fund balances | $342,158 |
Peer Organizations
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|---|---|---|
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Dayton Raiders Facilities Inc Beavercreek, OH | $1,039,430 | $598,004 |
Huron Valley Swim Club Ann Arbor, MI | $1,978,507 | $809,520 |