Propeller Club Of The United States Port Of Newport News Va
- Assets
- $63.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 54-6045242
The information for Propeller Club Of The United States Port Of Newport News Va is as of the organization's most recent filing in December 2020. This organization is located in Newport News, VA and has been in existence for 75 years, following its founding in 1945.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Propeller Club Of The United States Port Of Newport News Va's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that make available to members and their guests and facilities for recreational activities, sports and games. Additionally, the organization is classified as a 501(c)(6) organization, which according to the IRS, are Business Leagues, Chambers of Commerce, and Real Estate Boards.
Program Areas
The program area sponsors lunches, dinners and other events monthly to provide local forums for discussion and speeches pertaining to maritime matters and to implement local and national objectives and programs.
Organization Growth
The Propeller Club Of The United States Port Of Newport News Va has experienced overall growth over the past five years. Total Revenue has increased from $68.0K in 2016 to $73.6K in 2020. However, Program Service Revenue has decreased from $38.0K in 2016 to $35.8K in 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda King Chairman | 0 | $0 | |
Bob Crofton 1st VP | 0 | $0 | |
William L Adams Jr 2nd VP | 0 | $0 | |
Dave Batdorf President | 0 | $0 | |
Phil Gross Secretary | 0 | $0 | |
Kelly Brown Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,292 |
| Total Program Service Revenue | $11,848 |
| Membership dues | $7,580 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,161 |
| Other Revenue | $0 |
| Total Revenue | $52,909 |
| 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 | $625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $16,364 |
| Total expenses | $32,345 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,767 |
| Other assets | $0 |
| Total assets | $63,767 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,767 |
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