Indianola Beach Improvement Club
- Assets
- $697.4k
- Revenue
- $95.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianola, WA
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 91-6051621
Organization Overview
Indianola Beach Improvement Club is located in Indianola, WA. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianola Beach Improvement Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Indianola Beach Improvement Club generated $95.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $84.0k during the year ending 12/2022. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER COMMUNITY RESPONSIBILITY AMONG RESIDENTS, MAINTAIN PROPERTIES FOR THEIR USE, AND TO SUPPORT OTHER NON-PROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN EXPENSES WITH OUR FUNCTION ARE THOSE OF OCCUPANCY AND MAINTENANCE OF OPEN SPACES, TIDELANDS, PLAYGROUNDS, CLUBHOUSE & POST OFFICE FOR THIS UNINCORPORATED VILLAGE OF ABOUT 1,800 PEOPLE. WE HIRE A PRIVATE SECURITY SERVICE DURING THE SUMMER TO KEEP OUR RESIDENTS, GUEST, AND THE PROPERTIES SAFE AND SECURE. WE SPONSOR A RECYCLING PROGRAM IN ADDITION TO PROVIDING WASTE MANAGEMENT FOR OUR COMMUNITY AREAS. OUR CLUBHOUSE IS AN OFFICIAL RED CROSS EMERGENCY SHELTER WITH AN INSTALLED GENERATOR AND WRITTEN EMERGENCY PROCEDURES. WE OPERATE ON A "NO DEFICIT" YEARLY BUDGET APPROVED IN ADVANCE BY THE GOVERNING BOARD. REVENUE FROM COMMUNITY EVENTS AND FACILITY RENTALS IS REINVESTED IN OCCUPANCY EXPENSES.
WE PUBLISH A SMALL NEWSLETTER AND COMMUNITY CALENDAR 10 TIMES PER YEAR. DISTRIBUTION IS FREE TO ALL RESIDENTS OF INDIANOLA. IT PROVIDES NEWS AND ANNOUNCEMENTS OF INTEREST WHILE FOSTERING COMMUNITY SPIRIT.
WE SPONSOR COMMUNITY EVENTS TO FOSTER COMMUNITY SPIRIT AND GOODWILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Cartwright Director | Trustee | $0 | |
Susan Hancock Director | Trustee | $0 | |
Kim Hatchel Secretary | Trustee | $0 | |
Doug Hayward Director | Trustee | $0 | |
Karen Kinneard President | OfficerTrustee | $0 | |
Joni Landeen Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,383 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,573 |
| 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 | $55,956 |
| Total Program Service Revenue | $45,226 |
| Investment income | -$14,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $8,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,582 |
| Advertising and promotion | $0 |
| Office expenses | $10,562 |
| Information technology | $128 |
| Royalties | $0 |
| Occupancy | $43,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,047 |
| Interest | $0 |
| Payments to affiliates | $1,000 |
| Depreciation, depletion, and amortization | $10,801 |
| Insurance | $9,846 |
| All other expenses | $0 |
| Total functional expenses | $83,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,141 |
| Savings and temporary cash investments | $124,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $535,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $697,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $697,428 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $697,428 |