Overview
What is Somerset Boat Club Inc?
Somerset Boat Club Inc is a social organization, specifically a boat club, with approximately 60 members. This nonprofit entity, located beyond the scope of the provided information, focuses on promoting social activities amongst its members. The club's primary mission revolves around boating, fostering a sense of camaraderie and shared experiences among its members.
Is Somerset Boat Club Inc legitimate?
Somerset Boat Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Somerset Boat 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: $60,793
For more financial information, click here
What is the mission statement of Somerset Boat Club Inc?
Somerset Boat Club Inc is primarily focused on providing a social activity, specifically a boat club for approximately 60 members. While the provided information does not detail an explicit mission statement, it can be inferred that the club's purpose is to offer a communal boat-related environment for its members to engage and enjoy shared experiences. The club may not have a formal mission statement centered around community development, autism support, or global child welfare like other organizations mentioned, but its social activity mission remains its core function.
What is the revenue of Somerset Boat Club Inc?
Somerset Boat Club Inc's revenue in 2024 was $240,988.
Who are the executives of Somerset Boat Club Inc and what are their salaries?
The average compensation at Somerset Boat Club Inc during 2024 was $12,159. There are 5 employees at Somerset Boat Club Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Somerset Boat Club Inc?
Somerset Boat Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Somerset Boat Club Inc
Somerset Boat Club Inc is dedicated to providing a social activity, specifically serving as a boat club for its 60 members. While the provided information is limited, it suggests that the club's focus is primarily on creating a community around boating. This nonprofit organization likely offers opportunities for its members to enjoy boating activities together, fostering camaraderie and shared experiences. However, without further details, the specifics of Somerset Boat Club Inc's activities and the extent of its offerings remain unclear.
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Impact
October, 2024
Somerset Boat Club Inc serves as a vibrant social hub for boating enthusiasts in Somerset, Kentucky. With a membership of 60, the club fosters a strong sense of community among its members, providing them with opportunities to connect, share experiences, and engage in various recreational activities. The club’s mission centers around enhancing the recreational boating experience, promoting fellowship, and encouraging outdoor activities. Through organized events and gatherings, Somerset Boat Club Inc not only enriches the lives of its members but also contributes to the local culture and economy by drawing attention to the natural beauty of the area and encouraging recreational tourism.
This information is meant to be a general summary of Somerset Boat 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $16
- Gross Receipts: $240,988
Assets and Liabilities:
- Total Assets: $273,912
- Total Liabilities: $61,793
- Net Assets: $212,119
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Organization Details
Founding Year
1968
Principal Officer
Terri Hundley
NTEE Category
Code: N03 - Recreation
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