Peninsula Oilers Baseball Club Inc
- Assets
- $290.4k
- Revenue
- $257.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Kenai, AK
- Founding
- 10/1994
- Data as of
- 09/2021
- EIN
- 92-0136498
Organization Overview
Peninsula Oilers Baseball Club Inc is located in Kenai, AK. The organization was established in 1994. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Peninsula Oilers Baseball Club Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Oilers Baseball Club Inc 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 09/2021, Peninsula Oilers Baseball Club Inc generated $257.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $282.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AMATEUR BASEBALL PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF AMATEUR BASEBALL AND PROMOTION OF RECREATION FOR SPECTATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Tice Treasurer | OfficerTrustee | 20 | $22,325 |
Nicole Witt Director | Trustee | 2 | $0 |
Mike Baxter Director | Trustee | 2 | $0 |
Dan Aaronson Director | Trustee | 2 | $0 |
Sharon Hale Vice President | OfficerTrustee | 2 | $0 |
Duke Minium Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,855 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $89,431 |
| Net Income from Sales of Inventory | $13,039 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,750 |
| Advertising and promotion | $2,757 |
| Office expenses | $8,065 |
| Information technology | $8,022 |
| Royalties | $0 |
| Occupancy | $32,774 |
| Travel | $65,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,205 |
| Insurance | $9,294 |
| All other expenses | $0 |
| Total functional expenses | $282,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,226 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,431 |
| Accounts payable and accrued expenses | $5,620 |
| 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 | $154,826 |
| Total liabilities | $160,446 |
| Net assets without donor restrictions | $129,985 |
| 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 |
| Total liabilities and net assets/fund balances | $129,985 |