Somerset Boat Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 75,559 | 77,587 | −2,028 | 19.1 | 25% |
| 2013 | 73,873 | 84,758 | −10,885 | 15.3 | 24% |
| 2014 | 114,473 | 95,217 | 19,256 | 17.3 | 23% |
| 2015 | 129,522 | 120,822 | 8,700 | 14.8 | 18% |
| 2016 | 145,912 | 139,962 | 5,950 | 13.0 | 16% |
| 2017 | 146,115 | 149,862 | −3,747 | 12.1 | 20% |
| 2018 | 163,506 | 167,895 | −4,389 | 10.5 | 20% |
| 2019 | 153,044 | 136,640 | 16,404 | 14.8 | 24% |
| 2020 | 201,195 | 164,664 | 36,531 | 15.0 | 24% |
| 2021 | 159,969 | 169,340 | −9,371 | 13.9 | 0% |
| 2022 | 225,632 | 209,718 | 15,914 | 12.1 | 19% |
| 2023 | 215,986 | 191,586 | 24,400 | 14.8 | 21% |
| 2024 | 240,988 | 269,651 | −28,663 | 9.3 | 23% |
In its most recent public year (2024), this organization spent $28,663 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 19.1 in 2012. Staff pay was 23% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Somerset Boat Club Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works