Propeller Club Of The United States Port Of Newport News Va
- Assets
- $82.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 07/1945
- Data as of
- 12/2022
- EIN
- 54-6045242
Organization Overview
Propeller Club Of The United States Port Of Newport News Va is located in Newport News, VA. The organization was established in 1945. 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 Newport News VA 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 12/2022, Propeller Club Of The United States Port Of Newport News VA generated $95.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $76.9k during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Program Activity:
Part 3
SPONSORS LUNCHES, DINNER AND OTHER EVENTS MONTHLY TO PROVIDE LOCAL FORUMS FOR DISCUSSION AND SPEECHES PERTAINING TO MARITIME MATTERS AND IMPLEMENT LOCAL AND NATIONAL OBJECTIVES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda King Chairman | 0 | $0 | |
Dave Batdorf President | 0 | $0 | |
Bob Crofton 1st VP | 0 | $0 | |
William L Adams Jr 2nd VP | 0 | $0 | |
Phil Gross Secretary | 0 | $0 | |
Kelly Brown Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $588 |
| Total Program Service Revenue | $55,563 |
| Membership dues | $8,646 |
| Investment income | $41 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,670 |
| Other Revenue | $0 |
| Total Revenue | $95,508 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $60,871 |
| Total expenses | $76,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,367 |
| Other assets | $0 |
| Total assets | $82,367 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,367 |