Ingleside Beach Club
- Assets
- $494.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ingleside, TX
- Founding
- 11/2018
- Data as of
- 01/2022
- EIN
- 74-6104828
Organization Overview
Ingleside Beach Club is located in Ingleside, TX. The organization was established in 2018. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Ingleside Beach Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 01/2022, Ingleside Beach Club generated $79.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $70.8k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 3 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
DUE TO THE ONGOING COVID-19 PANDAMIC, THERE WERE NO SPECIAL EVENTS HELD AT THE CLUB THIS FISCAL YEAR. WE HOPE TO BE ABLE TO HOLD SOME OF OUR EVENTS IN THE UPCOMING YEAR. THE CLUB DID RETURN SOMEWHAT TO HOLDING DINNERS FOR THE MEMBERSHIP DURING THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Davis Treasurer | 5 | $0 | |
Tom Daley President | 5 | $0 | |
Patt Watson Director | 3 | $0 | |
Pattyemiller Director | 3 | $0 | |
Andrew Frazier 2 VP | 5 | $0 | |
Scott Deihl Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68 |
| Total Program Service Revenue | $4,874 |
| Membership dues | $72,069 |
| Investment income | $2,072 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $31,113 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,669 |
| Total expenses | $70,782 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $362,901 |
| Other assets | $0 |
| Total assets | $494,885 |
| Total liabilities | $0 |
| Net assets or fund balances | $494,885 |
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