Old Dominion Boat Club is located in Alexandria, VA. The organization was established in 1972. 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. As of 12/2021, Old Dominion Boat Club employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Dominion Boat Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Old Dominion Boat Club generated $1.1m 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 (19.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING MEMBERS WITH ACCESS TO WATERWAYS AND SOCIALIZATION WITH OTHER BOAT OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROMOTES CHARTIABLE, COMMUNITY, AND ATHELIC WATER RELATED ACTIVITIES AND FELLOWSHIP AMONG ITS APPROXIMATELY 700 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bruce Catts President | Officer | 2 | $0 |
Sue Rushkowski Vice President | Officer | 2 | $0 |
Robert J Test Treasurer | Officer | 10 | $0 |
Bob Waters Secretary | Officer | 10 | $0 |
Adam Berman Commodore | Officer | 2 | $0 |
David Wilkes Governor | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,121,574 |
Investment income | $907 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$22,294 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,105,837 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $12,249 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $255,641 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,325 |
Payroll taxes | $68,228 |
Fees for services: Management | $45,646 |
Fees for services: Legal | $2,697 |
Fees for services: Accounting | $4,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $66,324 |
Advertising and promotion | $0 |
Office expenses | $174,014 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,055 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $100,451 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $110,159 |
Insurance | $49,845 |
All other expenses | $44,475 |
Total functional expenses | $1,304,084 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,605,098 |
Savings and temporary cash investments | $35,982 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $32,697 |
Prepaid expenses and deferred charges | $31,883 |
Net Land, buildings, and equipment | $9,342,862 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $196,692 |
Total assets | $11,245,214 |
Accounts payable and accrued expenses | $101,420 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,328,744 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $33,357 |
Total liabilities | $3,463,521 |
Net assets without donor restrictions | $7,781,693 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,245,214 |
Organization Name | Assets | Revenue |
---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |