Cape May Paddle Club
- Assets
- $137.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marmora, NJ
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 46-4624639
Organization Overview
Cape May Paddle Club is located in Marmora, NJ. The organization was established in 2015. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Cape May Paddle Club 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, Cape May Paddle Club generated $166.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $155.2k during the year ending 12/2022. While expenses have increased by 17.5% 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
NO GRANTS RECEIVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sean Scarborough Executive Di | 1 | $0 | |
Christopher David Scarborough Secretary | 1 | $0 | |
Stephen Todd Scarborough Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $166,803 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $166,810 |
| 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 | $2,800 |
| Occupancy, rent, utilities, and maintenance | $104,459 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,945 |
| Total expenses | $155,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,601 |
| Other assets | $0 |
| Total assets | $137,601 |
| Total liabilities | $104,502 |
| Net assets or fund balances | $33,099 |
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