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 12/2023, Cape May Paddle Club generated $128.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $120.7k during the year ending 12/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Program Activity:
Part 3
NO GRANTS RECEIVED
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Sean Scarborough Executive Di | 1 | $0 | |
Stephen Todd Scarborough Treasurer | 1 | $0 | |
Christopher David Scarborough Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $128,393 |
Investment income | $7 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $128,400 |
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 | $1,350 |
Occupancy, rent, utilities, and maintenance | $69,246 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $50,110 |
Total expenses | $120,706 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $22,805 |
Other assets | $0 |
Total assets | $40,793 |
Total liabilities | $0 |
Net assets or fund balances | $40,793 |