The Propeller Club Of The United States Port Of Norfolk
- Assets
- $34.4k
- Revenue
- $46.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 54-1123794
Organization Overview
The Propeller Club Of The United States Port Of Norfolk is located in Norfolk, VA. The organization was established in 1986. 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. Propeller Club Of The United States Port Of Norfolk is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Propeller Club Of The United States Port Of Norfolk generated $46.7k 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 (11.3%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Propeller Club Of The United States Port Of Norfolk has awarded 18 individual grants totaling $182,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT THE AMERICAN MERCHANT MARINE AND SUPPORT CIVIC AND MARITIME ACTIVITIES ON BOTH THE LOCAL AND NATIONAL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND SUPPORT THE AMERICAN MERCHANT MARINE AND SUPPORT CIVIC AND MARITIME ACTIVITIES ON BOTH THE LOCAL AND NATIONAL LEVELS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Strickland President | OfficerTrustee | 3 | $0 |
Jeanne Noonan 1st Vice President | OfficerTrustee | 3 | $0 |
Terrell Moses Treasurer | OfficerTrustee | 2 | $0 |
Camille Cherry 2nd Vice President | OfficerTrustee | 2 | $0 |
Mike Mullen Secretary | OfficerTrustee | 2 | $0 |
Ken Kimball Past President | OfficerTrustee | 0.1 | $0 |
Financial Statements
| 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 | $37,080 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325 |
| Advertising and promotion | $0 |
| Office expenses | $4,087 |
| Information technology | $1,728 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,185 |
| Interest | $0 |
| Payments to affiliates | $6,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,905 |
| All other expenses | $0 |
| Total functional expenses | $42,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,425 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,425 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $34,425 |
| Total liabilities and net assets/fund balances | $34,425 |
Grants Awarded
Over the last fiscal year, The Propeller Club Of The United States Port Of Norfolk has awarded $77,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: TO PROVIDE SUPPORT TO LOCAL ORGANIZATIONS. | $25,000 |
Washington, DC PURPOSE: TO PROVIDE SUPPORT TO LOCAL ORGANIZATIONS. | $20,000 |
Norfolk, VA PURPOSE: TO PROVIDE SUPPORT TO LOCAL ORGANIZATIONS. | $19,500 |
Norfolk, VA PURPOSE: TO PROVIDE SUPPORT TO LOCAL ORGANIZATIONS. | $7,500 |
Arlington, VA PURPOSE: TO PROVIDE SUPPORT TO LOCAL ORGANIZATIONS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |
Wildcat Cliffs Country Club Inc Highlands, NC | $17,268,619 | $5,709,162 |
Foundation Of Shalom Park Inc Charlotte, NC | $31,348,548 | $4,099,264 |