Manatee River Pram Fleet
- Assets
- $1.3m
- Revenue
- $100.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palmetto, FL
- Founding
- 08/1953
- Data as of
- 05/2023
- EIN
- 59-6151488
Organization Overview
Manatee River Pram Fleet is located in Palmetto, FL. The organization was established in 1953. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Manatee River Pram Fleet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Manatee River Pram Fleet generated $100.7k 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 (20.4%) each year. All expenses for the organization totaled $161.4k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNDS OF THE MANATEE RIVER PRAM FLEET ALLOW THE EDUCATION AND TRAINING OF SAILING AND WATER SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Richey Secretary | 2 | $0 | |
Jay Taylor Director | 2 | $0 | |
Susan Tibbits Director | 2 | $0 | |
Gary Alderman President | 2 | $0 | |
Thomas Grubb Director | 2 | $0 | |
Creighton Beddows Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,858 |
| Interest on Savings | $8,349 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,929 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,441 |
| Total Revenue | $100,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,846 |
| Other employee salaries and wages | $26,004 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,386 |
| Depreciation | $46,878 |
| Occupancy | $2,037 |
| Travel, conferences, and meetings | $2,588 |
| Printing and publications | $0 |
| Other expenses | $35,355 |
| Total operating and administrative expenses | $161,394 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $161,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,449 |
| Savings and temporary cash investments | $310,506 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $871,906 |
| Other assets | $400 |
| Total assets | $1,299,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,698 |
| Total liabilities | $2,698 |