Grand Lake Sailing Club Inc
- Assets
- $330.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grove, OK
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 43-1138637
Organization Overview
Grand Lake Sailing Club Inc is located in Grove, OK. The organization was established in 1978. 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. Grand Lake Sailing 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 12/2022, Grand Lake Sailing Club Inc generated $119.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $113.8k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDEDRECREATIONALSAILINGFACILITIESANDINSTRUCTIONTOMEMBERSANDOTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Leach Commodore | 5 | $0 | |
Craig Hannon Secretary | 5 | $0 | |
David Maxey Vice Commodore | 5 | $0 | |
Mary A Frear Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,730 |
| Total Program Service Revenue | $0 |
| Membership dues | $113,369 |
| Investment income | $143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,349 |
| 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 | $25,346 |
| Occupancy, rent, utilities, and maintenance | $43,466 |
| Printing, publications, postage, and shipping | $573 |
| Other expenses | $44,380 |
| Total expenses | $113,765 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,411 |
| Other assets | $0 |
| Total assets | $330,796 |
| Total liabilities | $91,084 |
| Net assets or fund balances | $239,712 |
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