Homosassa Fishing Club
- Assets
- $3.1m
- Revenue
- $725.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Atlanta, GA
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 58-0599447
Organization Overview
Homosassa Fishing Club is located in Atlanta, GA. The organization was established in 1991. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Homosassa Fishing Club employed 14 individuals. This organization is the central organization for a national or regional group of organizations. Homosassa Fishing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Homosassa Fishing Club generated $725.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $559.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES RECREATIONAL FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RECREATIONAL FACILITIES FOR ITS MEMBERS. 83 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bo O'kelley Director | Trustee | 0.2 | $0 |
David Watson Director | Trustee | 0.2 | $0 |
Mike Wallace Director | Trustee | 0.2 | $0 |
Tom Willingham Director | Trustee | 0.2 | $0 |
Stewart Calhoun Director | Trustee | 0.2 | $0 |
Von Fassnacht Director | Trustee | 0.2 | $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 | $115,579 |
| Noncash contributions included in lines 1a–1f | $49,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,579 |
| Total Program Service Revenue | $604,096 |
| Investment income | $3,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| 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 | $142,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,194 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,117 |
| Travel | $2,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,382 |
| Interest | $3,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $85,793 |
| All other expenses | $2,267 |
| Total functional expenses | $559,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,472 |
| Savings and temporary cash investments | $25,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,476 |
| 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 | $2,922,197 |
| Investments—publicly traded securities | $176,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,147,711 |
| 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 | $59,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,211 |
| Total liabilities | $74,958 |
| 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 | $3,072,753 |
| Total liabilities and net assets/fund balances | $3,147,711 |