Islamorada Fishing Club Inc
- Assets
- $1.2m
- Revenue
- $976.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Islamorada, FL
- Founding
- 08/1956
- Data as of
- 12/2021
- EIN
- 59-0708176
Organization Overview
Islamorada Fishing Club Inc is located in Islamorada, FL. The organization was established in 1956. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, 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. Islamorada Fishing Club 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, Islamorada Fishing Club Inc generated $976.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $713.8k during the year ending 12/2021. While expenses have increased by 2.8% 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
FISHING AND SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED SPORT FISHING, GOOD FELLOWSHIP, AND CONSERVATION OF NATURAL RESOURCES THROUGH EDUCATION, MEETINGS, AND TOURNAMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Culberson Secretary | Officer | 5 | $0 |
Joe Roth III President | Officer | 5 | $0 |
Kenny Gentes 1st Vice President | Officer | 5 | $0 |
Allen Wood 2nd Vice President | Officer | 5 | $0 |
Audra Hill Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,279 |
| 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 | $344,279 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,063 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $281,189 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $976,251 |
| 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 | $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 | $970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,375 |
| Advertising and promotion | $430 |
| Office expenses | $3,827 |
| Information technology | $8,113 |
| 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 | $0 |
| Interest | $14,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,681 |
| Insurance | $32,997 |
| All other expenses | $562,417 |
| Total functional expenses | $713,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,731 |
| Prepaid expenses and deferred charges | $38,120 |
| Net Land, buildings, and equipment | $434,963 |
| Investments—publicly traded securities | $155,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $599 |
| Other assets | $2,925 |
| Total assets | $1,157,209 |
| Accounts payable and accrued expenses | $9,183 |
| 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 | $295,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,406 |
| Total liabilities | $316,080 |
| 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 | $841,129 |
| Total liabilities and net assets/fund balances | $1,157,209 |
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Jacksonville Skeet And Trap Club Inc Jacksonville, FL | $1,938,947 | $964,023 |
Islamorada Fishing Club Inc Islamorada, FL | $1,157,209 | $976,251 |
Greater Jacksonville Fishing Tournament Inc Jacksonville, FL | $154,301 | $673,316 |
Elbert County Gun Club Inc Elberton, GA | $1,092,588 | $764,249 |
Palm Beach County Fishing Foundation Inc West Palm Beach, FL | $1,949,170 | $894,839 |
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