Lake Claiborne Inc
- Assets
- $254.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Gibson, MS
- Founding
- 11/1965
- Data as of
- 12/2023
- EIN
- 64-0363182
Organization Overview
Lake Claiborne Inc is located in Port Gibson, MS. The organization was established in 1965. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Lake Claiborne Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Lake Claiborne Inc generated $139.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $148.0k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATES LAKE AND RELATED FACILITIES FOR MEMBER USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Fife President | 1 | $0 | |
Walter Cade Jr Secretary Treasurer | 5 | $0 | |
Rhonda Bourgeois Vice President | 1 | $0 | |
Don Hynum Director | 1 | $0 | |
Hayden Quimby Director | 1 | $0 | |
Charles K Green Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $117,081 |
| Investment income | $1,326 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $21,327 |
| Total Revenue | $139,734 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,830 |
| Professional fees and other payments to independent contractors | $6,245 |
| Occupancy, rent, utilities, and maintenance | $95,197 |
| Printing, publications, postage, and shipping | $9,711 |
| Other expenses | $23,013 |
| Total expenses | $147,996 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,194 |
| Other assets | $0 |
| Total assets | $254,611 |
| Total liabilities | $3,233 |
| Net assets or fund balances | $251,378 |