Elba-Mar Boat Club

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

EIN: 381545700 ✦ Grosse ile, MI ✦ Designated as a 501(c)(7)

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Overview

What is Elba-Mar Boat Club?

Elba-Mar Boat Club is a community organization located in Grosse Ile, MI. Their primary focus is the promotion of safe boating and the facilitation of engaging activities for its members. The club's mission involves encouraging responsible boating practices and fostering a vibrant community among its members. This nonprofit organization contributes to the boating community in Grosse Ile, offering a platform for safety and camaraderie.

Is Elba-Mar Boat Club legitimate?

Elba-Mar Boat Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Elba-Mar Boat Club 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: $2,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,678

For more financial information, click here

What is the mission statement of Elba-Mar Boat Club?

The Elba-Mar Boat Club, serving as a swimming league or club, is dedicated to the promotion of safe boating and member activities. Its mission is centered around ensuring the safety of its members while engaging them in various boat-related activities. The club aims to foster a secure environment for its members when they are on the water, while also providing opportunities for them to participate in club-organized activities.

Who is the CEO of Elba-Mar Boat Club?

Terrance Teifer is the Treasurer of Elba-Mar Boat Club.

What is the revenue of Elba-Mar Boat Club?

Elba-Mar Boat Club's revenue in 2022 was $981,147.

Who are the executives of Elba-Mar Boat Club and what are their salaries?

The average compensation at Elba-Mar Boat Club during 2022 was $12,648. There are 14 employees at Elba-Mar Boat Club.


Here are 8 key members and their salaries:


Terrance Teifer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Purcell (Harbor Master)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Holman (Pc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arnie Montemayor (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Beason (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Pogorzelski (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Waddell (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Skilliter (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Elba-Mar Boat Club?

Elba-Mar Boat Club's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Elba-Mar Boat Club

Elba-Mar Boat Club, as a swimming league or club, is committed to a mission that prioritizes the promotion of safe boating and member activities. This mission is geared towards ensuring the safety and enjoyment of its members while they engage in boating activities. By emphasizing safety, the club seeks to prevent accidents and mishaps that could potentially mar the boating experience. Additionally, the club's focus on member activities indicates a commitment to fostering a sense of community among its members. This could involve organizing social events, competitions, or workshops related to boating, thereby enhancing the members' overall experience.

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Impact




October, 2024

Elba-Mar Boat Club significantly impacts the Grosse Ile community by fostering a culture of safe boating practices and enhancing recreational opportunities for its members. Through organized activities, the club promotes awareness around water safety, ensuring that both seasoned boaters and novices have access to essential resources and training. This focus on safety not only empowers individuals but also cultivates a responsible boating environment that benefits the entire community.

Additionally, by providing a platform for members to engage in various activities, Elba-Mar strengthens community ties and encourages social interaction among residents. The club serves as a hub for local boating enthusiasts, hosting events that build camaraderie and promote a shared love of water-related recreation. This combination of safety and community engagement enriches the lives of those involved and contributes to a vibrant, connected neighborhood in Grosse Ile.




This information is meant to be a general summary of Elba-Mar Boat Club. 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
$981,147 (2022)
Expenses
$948,842 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,523
  • Program Service Revenue: $886,658
  • Gross Receipts: $1,067,002

Assets and Liabilities:

  • Total Assets: $874,771
  • Total Liabilities: $128,015
  • Net Assets: $746,756

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Programs

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

DUES & INITIATION FEES

Revenue

$190,398

RESTAURANT & BAR

Revenue

$216,864

GAS DOCK

Revenue

$213,755

BOAT DOCKAGE & STORAGE

Revenue

$173,174

EE RETENTION CREDIT

Revenue

$59,298

Organization Details

Founding Year

1953

Principal Officer

Terrance Teifer

Main Address

PO BOX 569, GROSSE ILE, MI, 48138

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