Overview

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Est.

1968

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Somerset Boat Club Inc is a nonprofit organization dedicated to promoting social activities through water sports, serving a membership of 60 individuals. With an operating budget of $235.5K and total revenue of $269.7K in the 2025 filing year, the club focuses on fostering community engagement and recreational opportunities on the water. The organization does not appear to rely on a single funder for 50% or more of its revenue.

Mission Statement

SOCIAL ACTIVITY-60 MEMBER BOAT CLUB
Revenues
$269.7K
Expenses
$235.5K
Net Income:
+$34.2K
Assets
$295.8K
Liabilities
$53.8K
Net Assets:
+$242K
Operating Budget
$235.5K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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T
Terri Hundley
Board Member
E
Eddie Deaton
Board Member
C
Carter Ross Iii
Executive

Frequently Asked Questions

What is SOMERSET BOAT CLUB INC’s budget?
In 2025, SOMERSET BOAT CLUB INC reported an annual operating budget of around $236 thousand. More detailed financial information is available to registered users.
What causes does SOMERSET BOAT CLUB INC support?
SOMERSET BOAT CLUB INC supports work in Water sports.
Where does SOMERSET BOAT CLUB INC operate?
SOMERSET BOAT CLUB INC is headquartered in Somerset, KY.