The Ludington Outboard Boat Club in Ludington, Michigan (MI)
Table of contents:
The Ludington Outboard Boat Club | |
Employer Identification Number (EIN) | 382105768 |
Name of Organization | The Ludington Outboard Boat Club |
In Care of Name | Deborah Mccarthy |
Address | PO BOX 95, Ludington, MI 49431-0095 |
Subsection | Pleasure, Recreational, or Social Club |
Ruling Date | 01/2007 |
Deductibility | Contributions are not deductible |
Foundation | All organizations except 501(c)(3) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $226,107 |
Amount of Income | $140,392 |
Form 990 Revenue Amount | $110,447 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club |
Non-representatives - add comments:
Amount of income in 2013: $140,392 (it was $148,390 in 2012)
This organization: | $140,392 |
Other organizations performing similar types of work: | $62,479 |
Assets in 2013: $226,107 (it was $243,836 in 2012)
The Ludington Outboard Boat Club: | $226,107 |
Other organizations performing similar types of work: | $41,400 |
Expenses in 2013: $103,176
The Ludington Outboard Boat Club: | $103,176 |
Other organizations performing similar types of work: | $49,751 |
Income to expenses ratio in 2013: 1.4
This organization: | 1.4 |
Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 1.7%
This organization: | 1.7% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $83,819 | $115,733 | $110,447 |
Contributions, gifts, grants, and similar amounts received | $2,011 | $1,982 | $1,831 |
Program service revenue including government fees and contracts | $21,697 | $41,638 | $41,462 |
Membership dues and assessments | $14,130 | $34,572 | $28,461 |
Investment income | $153 | $267 | $171 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $45,828 | $37,274 | $38,522 |
Gross sales of inventory, less returns and allowances | $88,699 | $69,931 | $68,467 |
Less: cost of goods sold | $42,871 | $32,657 | $29,945 |
Other revenue | $0 | $0 | $0 |
Total expenses | $67,842 | $95,679 | $103,176 |
Total net assets | $54,782 | $74,836 | $82,107 |
Excess/Deficit for the year | $15,977 | $20,054 | $7,271 |
Net assets or fund balances at beginning of year | $38,805 | $54,782 | $74,836 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $74,836 | $82,107 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $54,782 | $243,836 | $226,107 |
Total liabilities | $0 | $169,000 | $144,000 |
Net assets or fund balances | $54,782 | $74,836 | $82,107 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
Total amount involved | $0 | $0 | |
Initiation fees and capital contributions | $0 | $34,572 | $28,461 |
Gross receipts for public use of club facilities | $2,310 | $1,970 | $1,956 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | Not provided |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Treasure Island Tennis & Yacht Club | 400 Treasure Island Cswy, Treasure Is, FL 33706-1131 | FL | 2007-10 | $3,103,974 |
2 | Tau Kappa Epsilon Fraternity Inc, 298 Iota Zeta Colony | 747 Comstock Ave, Syracuse, NY 13210-2820 | NY | 2004-02 | $249,224 |
3 | Travis Pointe Country Club | 2829 Travis Pointe Rd, Ann Arbor, MI 48108-9551 | MI | 2000-05 | $4,928,077 |
4 | Village Club | 190 E Long Lake Rd, Bloomfld Hls, MI 48304-2325 | MI | 1968-06 | $3,122,510 |
5 | St Clair Golf Club Inc | PO BOX 5, St Clair, MI 48079-0005 | MI | 2015-04 | $1,243,817 |
6 | Reining Michigan Inc | 1690 N Hicks Rd, Midland, MI 48642-7765 | MI | 2013-09 | $299,466 |
7 | Western Michigan Snowmobile Council Inc | 10791 Wildwood Rd, Shelbyville, MI 49344-9674 | MI | 2010-12 | $275,539 |
8 | Blue Water Sportsmans Association Inc | PO BOX 610464, Port Huron, MI 48061-0464 | MI | 2010-06 | $263,203 |
9 | Michigan Sting Hockey Club | 17368 Buckingham Ave, Beverly Hills, MI 48025-3208 | MI | 2013-11 | $210,253 |
10 | Whitmore Lake Rod And Gun Club | 11150 Lemen Rd, Whitmore Lake, MI 48189-9713 | MI | 2011-04 | $199,484 |
11 | Byc | 831 E Huron River Dr, Belleville, MI 48111-2874 | MI | 2010-03 | $187,340 |
12 | Saugatuck Yacht Club | PO BOX 178, Saugatuck, MI 49453-0178 | MI | 2010-08 | $183,905 |
13 | Michigan Jci Senate | 308 Ave De Lafayette, Monroe, MI 48162-3559 | MI | 2014-10 | $170,548 |
14 | West Livingston Wheels Inc | 10866 Cedar Lake Rd, Pinckney, MI 48169-8887 | MI | 2003-07 | $155,868 |
15 | Post Balloon Club Inc | 275 Cliff St, Battle Creek, MI 49014-6354 | MI | 2011-09 | $149,112 |
16 | The Ludington Outboard Boat Club | PO BOX 95, Ludington, MI 49431-0095 | MI | 2007-01 | $140,392 |
17 | Dewitt Area Swim Team, Mma Hurricanes | PO BOX 403, Dewitt, MI 48820-0403 | MI | 2013-08 | $134,412 |
18 | West Michigan Flying Club | 5990 E Summit Ave, Fruitport, MI 49415-9777 | MI | 2014-02 | $133,606 |
19 | House Corporation Of The Beta Omicron Chapter Of Alpha Sigma Phi | 160 Dandt Rd, Custer, MI 49405-9650 | MI | 2014-11 | $127,602 |
20 | Conca D Oro Club | 43843 Romeo Plank Rd, Clinton Twp, MI 48038-1297 | MI | 2012-03 | $114,018 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 11,322 |
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