Civic Intelligence

Nbc Inc

990 • Fiscal year 2019 • EIN 54-1461275

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 04, 2020

Organization Profilewww.norfolkboatclub.com
432 W Freemason StreetNorfolk, VA 23510

(757) 200-9680

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.31x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.78x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Net Margin

96th percentile

45%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

40%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$447,938

Up $66,279 (+17%) from 2018

Net Assets

Up

$310,720

Up $81,716 (+36%) from 2018

Liabilities

Down

$137,218

Down $15,437 (-10%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin96th percentile

Revenue

Up

$176,051

Up $50,102 (+40%) from 2018

Expenses

Down

$95,992

Down $24,882 (-21%) from 2018

Net Income

Up

$80,059

Up $74,984 (+1478%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $114,292Liabilities 2011: $189Net Assets 2011: $114,1032011Assets 2012: $107,859Liabilities 2012: $240Net Assets 2012: $107,6192012Assets 2013: $121,278Liabilities 2013: $0Net Assets 2013: $121,2782013Assets 2014: $128,876Liabilities 2014: $0Net Assets 2014: $128,8762014Assets 2015: $133,605Liabilities 2015: $0Net Assets 2015: $133,6052015Assets 2016: $366,786Liabilities 2016: $178,651Net Assets 2016: $188,1352016Assets 2017: $391,011Liabilities 2017: $167,331Net Assets 2017: $223,6802017Assets 2018: $381,659Liabilities 2018: $152,655Net Assets 2018: $229,0042018Assets 2019: $447,938Liabilities 2019: $137,218Net Assets 2019: $310,7202019Assets 2020: $481,750Liabilities 2020: $125,100Net Assets 2020: $356,6502020Assets 2021: $516,468Liabilities 2021: $117,745Net Assets 2021: $398,7232021Assets 2022: $521,685Liabilities 2022: $83,238Net Assets 2022: $438,4472022Assets 2023: $552,686Liabilities 2023: $61,355Net Assets 2023: $491,3312023Assets 2024: $560,613Liabilities 2024: $38,462Net Assets 2024: $522,1512024

Highlighted filing

2019

Assets$447,938
Liabilities$137,218
Net Assets$310,720
Open 2019 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0Expenses 2011: $80,9072011Expenses 2012: $81,8982012Revenue 2013: $100,520Expenses 2013: $86,912Net Income 2013: $13,6082013Revenue 2014: $96,059Expenses 2014: $88,735Net Income 2014: $7,3242014Revenue 2015: $88,055Expenses 2015: $83,326Net Income 2015: $4,7292015Revenue 2016: $155,013Expenses 2016: $100,367Net Income 2016: $54,6462016Revenue 2017: $141,298Expenses 2017: $106,105Net Income 2017: $35,1932017Revenue 2018: $125,949Expenses 2018: $120,874Net Income 2018: $5,0752018Revenue 2019: $176,051Expenses 2019: $95,992Net Income 2019: $80,0592019Revenue 2020: $141,321Expenses 2020: $95,588Net Income 2020: $45,7332020Revenue 2021: $143,528Expenses 2021: $101,455Net Income 2021: $42,0732021Revenue 2022: $143,214Expenses 2022: $103,490Net Income 2022: $39,7242022Revenue 2023: $158,578Expenses 2023: $105,977Net Income 2023: $52,6012023Revenue 2024: $151,875Expenses 2024: $121,055Net Income 2024: $30,8202024

Highlighted filing

2019

Revenue$176,051
Expenses$95,992
Net Income$80,059
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 4, 2020
Return Version
2019v5.1
Gross Receipts
$176,193
Mission and Program Overview

Mission

To provide a meeting place for informal member gatherings and social events for members.

The Norfolk Boat Club is a social club operated for the benefit of its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$317,699$329,951▲ $12,252
Cap Stk Tr Prin Current Funds$223,929$230,661▲ $6,732
Savings and Temporary Cash Investments$54,425$105,642▲ $51,217
Rtn Earn Endowment Incm Other Fnds$5,075$80,059▲ $74,984
Cash and Non-Interest-Bearing Accounts$10,315$12,762▲ $2,447
Inventories for Sale or Use$437$282▼ $155
Accounts Receivable$-1,217$-699▲ $518
Total Assets$381,659$447,938▲ $66,279
Liabilities
Mortgage Notes Payable Secured by Investment Property$152,655$137,218▼ $15,437
Total Liabilities$152,655$137,218▼ $15,437
Net Assets / Fund Balance
Total Net Assets Fund Balance$229,004$310,720▲ $81,716
Total Liabilities and Net Assets / Fund Balance$381,659$447,938▲ $66,279

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$328,832$84,876$413,708
Equipment$1,119$3,305$4,424

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$54,425$50,000▲ $1,217-$105,642
2018$52,872$1,000▲ $553-$54,425
2017$52,554-▲ $318-$52,872
2016$52,513-▲ $41-$52,554
2015$50,999$1,439▲ $75-$52,513
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Ted YoakumParty Chairman
Evan HarrellCaptain
Jack KavanaughCommodore
Adam SaichMembership
Jack AnkersonPast Commodore
Bruce BesleyPaymaster
Bruce WilcoxSecretary
David PaddockVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$174,636
Investment Income
$1,217
Other Revenue
$198
Change in Net Assets
$80,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,135$60,000-$61,135
Depreciation Depletion-$13,350-$13,350
Interest-$7,384-$7,384
Fees for Services Accounting-$1,693-$1,693
Other Expenses$165--$165
Total Functional Expenses$13,565$82,427$0$95,992
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Prepaid Taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Nbc Inc
EIN
54-1461275
Phone
7572009680
Address
432 W FREEMASON STREET, NORFOLK, VA 23510

Signing Officer

Name
Jack Kavanaugh
Title
Commodore
Phone
7573736464
Signed
2020-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Mckinnon Commodore
Formed
1988
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
H Herbert Stanley Jr CPA Pc
Address
PO BOX 268, GLOUCESTER, VA 23061
Preparer
H Herbert Stanley Jr
Phone
8046937571
Supplemental Narrative

Additional Explanations

Form 990, Part X, Section ASSETS, Line 2

“Deceased member included 50,000 to the endowment in his will.”

Form 990, Part XI, Section PRIOR PERIOD ADJUSTMENTS, Line 8

“Nbc, inc. Is on a cash basis and prepaid dues and credits occationally apply to prior period dues, slip fees, and party expenses. Every effort is made to apply those open credits prior to the end of the year, however, occasionally, they are left open until the charges are paid in full and effect prior year income.”

Raw XML AppendixShowing 400 of 409 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt054425
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0105642
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01217
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt052872
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt054425
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0553
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt052554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt052872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt052513
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt052554
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050999
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01439
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt052513
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt075
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01119
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04424
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0328832
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt084876
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0413708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0329951
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DECEASED MEMBER INCLUDED 50,000 TO THE ENDOWMENT IN HIS WILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NBC, INC. IS ON A CASH BASIS AND PREPAID DUES AND CREDITS OCCATIONALLY APPLY TO PRIOR PERIOD DUES, SLIP FEES, AND PARTY EXPENSES. EVERY EFFORT IS MADE TO APPLY THOSE OPEN CREDITS PRIOR TO THE END OF THE YEAR, HOWEVER, OCCASIONALLY, THEY ARE LEFT OPEN UNTIL THE CHARGES ARE PAID IN FULL AND EFFECT PRIOR YEAR INCOME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part X, Section ASSETS, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XI, Section PRIOR PERIOD ADJUSTMENTS, Line 8
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NORFOLK BOAT CLUB
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0546008780
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt081490
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0BUILDING OWNER
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt060000
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0432 W FREEMASON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NORFOLK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd023510
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0381659
IRS990/TotalAssetsEOYAmt0447938
IRS990/TotalAssetsGrp/BOYAmt0381659
IRS990/TotalAssetsGrp/EOYAmt0447938
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082427
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013565
IRS990/TotalFunctionalExpensesGrp/TotalAmt095992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0152655
IRS990/TotalLiabilitiesEOYAmt0137218
IRS990/TotalLiabilitiesGrp/BOYAmt0152655
IRS990/TotalLiabilitiesGrp/EOYAmt0137218
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0229004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0310720
IRS990/TotalProgramServiceExpensesAmt013565
IRS990/TotalProgramServiceRevenueAmt0174636
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0447938
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01361 LLEWELLYN AVE
IRS990/USAddress/CityNm0NORFOLK
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023517
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK KAVANAUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum07573736464
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NBC INC
ReturnHeader/Filer/BusinessNameControlTxt0NBCI
ReturnHeader/Filer/EIN0541461275
ReturnHeader/Filer/PhoneNum07572009680
ReturnHeader/Filer/USAddress/AddressLine1Txt0432 W FREEMASON STREET
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023510
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E00D54B43106C02FE752C167E0C03031F5FC0C3D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0434216FF135B08D18DB1BC0BE676B84619736828
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.184.171.42
ReturnHeader/FilingSecurityInformation/IPDt02020-06-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:55:25
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H HERBERT STANLEY JR CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 268
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLOUCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$447,938
Liabilities
$137,218
Net assets
$310,720
Revenue
$176,051
Expenses
$95,992
Net income
$80,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$0.38$5.22$1.52$1.21$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$0.61$4.91$1.59$1.06$0.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.83$4.38$1.43$1.03$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$1.18$3.99$1.44$1.01$0.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$1.25$3.57$1.41$0.96$0.46
2019Detailed filing. Detailed filing data is available for this year.$4.48$1.37$3.11$1.76$0.96$0.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$1.53$2.29$1.26$1.21$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.91$1.67$2.24$1.41$1.06$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$1.79$1.88$1.55$1.00$0.55
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.88$0.83$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.96$0.89$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$1.01$0.87$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.81