Outrigger Canoe Club
- Assets
- $72.1m
- Revenue
- $15.2m
- Investments
- $35.2m
- Employees
- 229
- Location
- Honolulu, HI
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 99-0051520
Organization Overview
Outrigger Canoe Club is located in Honolulu, HI. The organization was established in 1943. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Outrigger Canoe Club employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outrigger Canoe Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Outrigger Canoe Club generated $15.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $13.3m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ATHLETIC SPORTS AND ACTIVITIES, PROVIDE FOR SOCIAL INTERACTION BETWEEN ITS MEMBERS AND CULTIVATE THE ADVANCEMENT OF LEARNING OF THE ARTS AND SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF ATHLETIC ACTIVITIES
SOCIAL ACTIVITIES TO PROMOTE SPORTSMANSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Foster Director | Trustee | 1 | $0 |
Emily Porter President Elect, Secretary | OfficerTrustee | 1 | $0 |
Curt Deweese President | OfficerTrustee | 1 | $0 |
Art Mallet Treasurer | OfficerTrustee | 1 | $0 |
Kevin Greenwell Asst Treasurer | OfficerTrustee | 1 | $0 |
Evie Black Asst Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,500 |
| Total Program Service Revenue | $9,925,028 |
| Investment income | $704,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $140,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,451,374 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,217,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,506 |
| 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 | $291,822 |
| Other salaries and wages | $5,114,751 |
| Pension plan accruals and contributions | $91,452 |
| Other employee benefits | $1,136,220 |
| Payroll taxes | $647,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,259 |
| Fees for services: Accounting | $69,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,107 |
| Advertising and promotion | $0 |
| Office expenses | $264,270 |
| Information technology | $55,077 |
| Royalties | $0 |
| Occupancy | $1,798,934 |
| Travel | $6,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,088,205 |
| Insurance | $482,983 |
| All other expenses | $1,064,184 |
| Total functional expenses | $13,327,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270 |
| Savings and temporary cash investments | $6,853,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,451,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $313,888 |
| Prepaid expenses and deferred charges | $503,452 |
| Net Land, buildings, and equipment | $8,300,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,241,239 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,454,275 |
| Total assets | $72,120,113 |
| Accounts payable and accrued expenses | $1,162,071 |
| 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 | $21,233,982 |
| Total liabilities | $22,396,053 |
| Net assets without donor restrictions | $49,570,730 |
| Net assets with donor restrictions | $153,330 |
| 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 | $72,120,113 |