Ingleside Beach Club
- Assets
- $374.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ingleside, TX
- Founding
- 11/2018
- Data as of
- 01/2024
- 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 01/2024, Ingleside Beach Club generated $76.7k 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 (8.8%) each year. All expenses for the organization totaled $108.8k during the year ending 01/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
DUE TO THE ONGOING COVID-19 PANDAMIC, THERE WERE LIMITED SPECIAL EVENTS HELD AT THE CLUB THIS FISCAL 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 1st Vice President | 2 | $0 | |
Bill Clyburn 2nd VP | 5 | $0 | |
Elaine Holcomb President | 5 | $0 | |
Allison Gillespie Director | 5 | $0 | |
Patt Watson Director | 5 | $0 | |
Mary Beth Rhule Knippa Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,449 |
| Membership dues | $62,133 |
| Investment income | $4,112 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,694 |
| 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 | $68,437 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,353 |
| Total expenses | $108,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $313,824 |
| Other assets | $0 |
| Total assets | $374,494 |
| Total liabilities | $0 |
| Net assets or fund balances | $374,494 |