Island City Snowmobile Club Inc
- Assets
- $216.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, WI
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 39-1474122
Organization Overview
Island City Snowmobile Club Inc is located in Cumberland, WI. The organization was established in 2005. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island City Snowmobile Club Inc 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, Island City Snowmobile Club Inc generated $51.5k 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 (5.0%) each year. All expenses for the organization totaled $89.7k during the year ending 12/2021. 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 PROVIDE GROOMED SNOWMOBILE TRAILS FOR ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Laursen Director | 1 | $0 | |
Tom Goldsmith Treasurer | 2 | $0 | |
Chris Munden President | 1 | $0 | |
Bob Donatell Director | 1 | $0 | |
Nick Stair Vice Preside | 1 | $0 | |
Lori Cordes Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,992 |
| Total Program Service Revenue | $38,005 |
| Membership dues | $0 |
| Investment income | $1,227 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,303 |
| Other Revenue | $0 |
| Total Revenue | $51,527 |
| 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 | $465 |
| Occupancy, rent, utilities, and maintenance | $518 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $88,632 |
| Total expenses | $89,673 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,444 |
| Other assets | $0 |
| Total assets | $216,735 |
| Total liabilities | $41,326 |
| Net assets or fund balances | $175,409 |
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