South Michigan Wheels Inc
- Assets
- $80.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tipton, MI
- Founding
- 07/2006
- Data as of
- 12/2020
- EIN
- 86-1072506
Organization Overview
South Michigan Wheels Inc is located in Tipton, MI. The organization was established in 2006. 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. South Michigan Wheels Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, South Michigan Wheels Inc generated $18.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $16.4k during the year ending 12/2020. While expenses have increased by 1.6% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Turner Secretary | 0 | $0 | |
Pat June President | 1 | $0 | |
Roland Benjamin Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,575 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,575 |
| 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 | $1,175 |
| Occupancy, rent, utilities, and maintenance | $10,572 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,615 |
| Total expenses | $16,362 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $371 |
| Other assets | $0 |
| Total assets | $80,483 |
| Total liabilities | $48,719 |
| Net assets or fund balances | $31,764 |
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