Galveston Boat Club Inc

Organization Overview

Galveston Boat Club Inc is located in Galveston, TX. The organization was established in 1943. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Galveston Boat Club Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galveston Boat 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 12/2023, Galveston Boat Club Inc generated $344.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $227.7k during the year ending 12/2023. While expenses have increased by 4.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE STORAGE & LAUNCH FACILITIES & SOCIAL EVENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEMBERS WITH VARIOUS SERVICES SUCH AS BOAT STALL & SHED RENTALS, CLUBHOUSE & LAUNCH FACILITIES, & SOCIAL ACTIVITIES. THERE ARE APPROXIMATELY 355 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Kelso
Commodore
$0
Andrew Leslie
Fleet Captain
$0
Robin Polzin
Treasurer
$0
Brent Masel
Secretary
$0
Mike Bell
Director
$0
Lee Kinard
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$327,912
Investment income $20,246
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $500
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$4,431
Miscellaneous Revenue$0
Total Revenue $344,227

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