Seaway Boat Club Of Wyandotte
- Assets
- $375.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wyandotte, MI
- Founding
- 07/1950
- Data as of
- 12/2022
- 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 12/2022, Seaway Boat Club Of Wyandotte generated $73.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $40.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 8 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 |
|---|---|---|---|
Vince Quinn Past Comm | 10 | $0 | |
Mike Brown Resident Agent | 5 | $0 | |
Dennis Porter Commodore | 10 | $0 | |
Dan Martin Fleet Captain | 10 | $0 | |
Tom Clarkson Treasurer | 10 | $0 | |
Frank Labeau Fin Sec | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,235 |
| Total Program Service Revenue | $0 |
| Membership dues | $44,155 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,147 |
| Other Revenue | $0 |
| Total Revenue | $73,911 |
| 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 | $1,730 |
| Occupancy, rent, utilities, and maintenance | $30,030 |
| Printing, publications, postage, and shipping | $2,252 |
| Other expenses | $6,755 |
| Total expenses | $40,767 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $179,410 |
| Other assets | $0 |
| Total assets | $375,302 |
| Total liabilities | $0 |
| Net assets or fund balances | $375,302 |