Thorobred Nautical Team Parent Association Inc
- Assets
- $388.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Versailles, KY
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 61-1332825
Organization Overview
Thorobred Nautical Team Parent Association Inc is located in Versailles, KY. The organization was established in 2004. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thorobred Nautical Team Parent Association Inc 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 12/2022, Thorobred Nautical Team Parent Association Inc generated $67.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $68.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED LOCAL YOUTH WITH THE OPPORTUNITY TO DEVELOP SWIMMING SKILLS AND PARTICIPATE IN AMATEUR COMPETITIONS AT LOCAL AND STATE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Zinner President | 0 | $0 | |
John Higdon Secretary | 0 | $0 | |
Lindsay Jackson Finance Chair | 0 | $0 | |
William Jackson VP | 0 | $0 | |
Marvin Watson Coach | 40 | $22,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,682 |
| Total Program Service Revenue | $65,619 |
| Membership dues | $460 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,936 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $24,831 |
| Printing, publications, postage, and shipping | $426 |
| Other expenses | $24,086 |
| Total expenses | $68,279 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $388 |
| Other assets | $0 |
| Total assets | $388 |
| Total liabilities | $0 |
| Net assets or fund balances | $388 |