Port Bay Improvement Association
- Assets
- $194.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wolcott, NY
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 51-0195161
Organization Overview
Port Bay Improvement Association is located in Wolcott, NY. The organization was established in 1976. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Bay Improvement Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Port Bay Improvement Association generated $60.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $57.4k during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE MAINTENANCE AND IMPROVEMENT TO THE WATERS OF PORT BAY THAT IS NOT SPECIFICALLY OWNED BY PROPERTY HOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Hilbert Secretary | 3 | $0 | |
Christopher Forster Director | 3 | $0 | |
Lori Furguson President | 5 | $0 | |
Doug Mcavoy Director | 3 | $0 | |
Mike Faillace Director | 3 | $0 | |
Chip Compertore Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $59,858 |
| Investment income | $548 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,406 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $908 |
| Other expenses | $56,497 |
| Total expenses | $57,405 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,021 |
| Other assets | $0 |
| Total assets | $194,021 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,021 |
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