Whittier Marina Condominium Association Inc
- Assets
- $1.3m
- Revenue
- $592.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Anchorage, AK
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 56-2487799
Organization Overview
Whittier Marina Condominium Association Inc is located in Anchorage, AK. The organization was established in 2005. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Whittier Marina Condominium Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whittier Marina Condominium Association Inc 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, Whittier Marina Condominium Association Inc generated $592.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $715.5k during the year ending 12/2021. While expenses have increased by 8.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A MARINA IN WHITTIER ALASKA FOR THE BENEFIT OF ITS MEMBERS/OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATS A MARINA IN WHITTIER ALASKA FOR ITS MEMBERS/OWNERS.
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 |
|---|---|---|---|
Richard Weldin Vice President | OfficerTrustee | 2 | $0 |
Bob Neumann Treasurer | OfficerTrustee | 2 | $0 |
Chris Hubble President | OfficerTrustee | 2 | $0 |
Greg Kisling Secretary | OfficerTrustee | 2 | $0 |
Mike Murphy Director | Trustee | 2 | $0 |
John Hall Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $456,840 |
| 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 | $456,840 |
| Total Program Service Revenue | $0 |
| Investment income | -$31,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $592,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $94,146 |
| 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 | $94,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,663 |
| Fees for services: Management | $18,909 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,323 |
| Travel | $743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $124,541 |
| All other expenses | $5,610 |
| Total functional expenses | $715,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,214 |
| 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 | $1,283,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,336,898 |
| 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 | $193 |
| Total liabilities | $193 |
| 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 | $1,336,705 |
| Total liabilities and net assets/fund balances | $1,336,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bike Works Seattle Seattle, WA | $2,382,984 | $2,496,673 |
La Clippers Foundation Bellevue, WA | $1,269,800 | $3,468,997 |
Kitsap Tennis And Athletic Center Bremerton, WA | $1,011,335 | $966,802 |
Iron Dog Race Anchorage, AK | $171,552 | $865,550 |
Whittier Marina Condominium Association Inc Anchorage, AK | $1,336,898 | $592,121 |
Rave Foundation Seattle, WA | $574,075 | $1,049,128 |
Kenai River Sportfishing Association Inc Soldotna, AK | $4,804,569 | $446,757 |
International Drop-In Center Seattle, WA | $297,820 | $664,556 |
Girls On The Run Of Puget Sound Seattle, WA | $556,463 | $634,259 |
Whatcom Events Bellingham, WA | $171,139 | $467,467 |
Swell Events Washougal, WA | $134,026 | $356,415 |
Washington State Referee Committee Seattle, WA | $407,256 | $427,289 |