Elba-mar Boat Club
501(c)(7)
Only null% goes to programs Strong reserves Growing revenue
Elba-mar Boat Club is a 501(c)(7) organization based in Grosse Ile, Michigan, registered in 1954, with $856,646 in FY2022 revenue. CharityIndex grades it C+.
Po Box 569, Grosse Ile, MI, 48138 EIN 38-1545700 Since 1954
Revenue (FY2022)
$857K
▼ 12.7% vs prior year
Expenses (FY2022)
$880K
Net assets
$724K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Elba-mar Boat Club— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating10 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elba-mar Boat Club: 10 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Elba-mar Boat Club— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elba-mar Boat Club: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 569, Grosse Ile, MI, 48138
- City
- Grosse Ile
- State
- Michigan
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $711K (FY2019) to $857K (FY2022) across 4 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $145KNet assets $724K
Operating margin
-2.7%
Spent more than it raised in the latest fiscal year.
Total assets
$868K
Total liabilities
$145K
Net assets
$724K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $856,646▼12.7% | $879,777▼7.3% | $723,624▼3.1% | $868,289▼0.7% | 990 |
| 2021 | $981,147▲16.4% | $948,842▲25.6% | $746,756▲4.5% | $874,771▲5.2% | 990 |
| 2020 | $842,688▲18.5% | $755,659▲5.8% | $714,448▲13.8% | $831,842▲6.6% | 990 |
| 2019 | $711,052 | $714,384 | $627,599 | $780,209 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Elba-mar Boat Club a legitimate nonprofit?
- Yes. Elba-mar Boat Club is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 38-1545700, based in Grosse Ile, Michigan.
- What is Elba-mar Boat Club's EIN?
- Elba-mar Boat Club's Employer Identification Number (EIN) is 38-1545700.
- How much revenue does Elba-mar Boat Club report?
- Elba-mar Boat Club reported $856,646 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Elba-mar Boat Club have?
- CharityIndex grades Elba-mar Boat Club C+, based on financial health (reserves and operating margin).
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Data for Elba-mar Boat Club (EIN 38-1545700) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.