Navy - Marine Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161116817 ✦ Lockport, NY ✦ Designated as a 501(c)(7)

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Overview

What is Navy - Marine Club Inc?

Navy - Marine Club Inc is a nonprofit organization that fosters camaraderie among its members, who are associated with the Navy and Marine Corps. The club's primary objective is to uphold the traditions and champion the interests of the United States, Navy, and Marine Corps. They achieve this through various activities, including operating a Bell Jar Income Bar and food sales. The club serves as a platform for its members to connect and contribute to promoting their shared values.

Is Navy - Marine Club Inc legitimate?

Navy - Marine Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Navy - Marine Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Navy - Marine Club Inc?

The Navy - Marine Club Inc, composed of members from the Navy Marine Corps League, gathers for camaraderie with a primary objective of safeguarding the traditions and fostering the advancement of interests related to the United States, Navy, and Marine Corps. Their activities aim at preserving the heritage and promoting the well-being of these entities. One of their programs includes organizing a Bell Jar Income Bar and Food Sales event.

Who is the CEO of Navy - Marine Club Inc?

Stephen M Kosut Jr is the Chairman of Navy - Marine Club Inc.

What is the revenue of Navy - Marine Club Inc?

Navy - Marine Club Inc's revenue in 2022 was $208,920.

Who are the executives of Navy - Marine Club Inc and what are their salaries?


Here are 4 key members and their salaries:


Michael Reed (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Stemper (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Lauer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Kosut (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Navy - Marine Club Inc?

Navy - Marine Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Navy - Marine Club Inc

Navy-Marine Club Inc, a nonprofit organization, brings together members of the Navy and Marine Corps in fellowship. Their primary mission is to preserve the traditions and champion the interests of the United States, Navy, and Marine Corps. By fostering a sense of camaraderie among its members, Navy-Marine Club Inc plays a vital role in advancing these shared values. Their activities often include programs centered around the Bell Jar Income Bar and Food Sales, further enhancing their community-building efforts.

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Impact




October, 2024

Navy - Marine Club Inc fosters a strong sense of community and camaraderie among its members, who include veterans and supporters of the Navy and Marine Corps. By bringing individuals together, the organization preserves and honors the rich traditions and history associated with these branches of service.

Through various programs and activities, such as food sales and events that utilize the Bell Jar Income Bar, the club not only enhances member engagement but also raises funds that can support its mission. This financial support enables the club to engage in initiatives that advocate for the interests of the Navy and Marine Corps, ensuring that the contributions and sacrifices of service members are acknowledged and celebrated.

Additionally, the club's emphasis on fellowship promotes mental well-being and provides a network of support for veterans, helping them connect with one another and share experiences. In this way, Navy - Marine Club Inc plays a vital role in strengthening the bonds of friendship and support within the veteran community, while also actively working to promote the values and legacy of the United States Navy and Marine Corps.




This information is meant to be a general summary of Navy - Marine Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$208,920 (2022)
Expenses
$60,681 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $173,936
  • Gross Receipts: $326,864

Assets and Liabilities:

  • Total Assets: $410,434
  • Total Liabilities: $1,190
  • Net Assets: $409,244

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Games of Chance

Revenue

$173,936

Organization Details

Founding Year

1950

Principal Officer

Stephen M Kosut Jr

Main Address

37 Park Avenue, Lockport, NY, 14094

NTEE Category

Code: W30 - Public benefit

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