Civic Intelligence

Nbc Inc

990 • Fiscal year 2023 • EIN 54-1461275

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 15, 2024

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

(757) 625-8785

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.11x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

89th percentile

33%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

63rd percentile

5.9%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

11%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$552,686

Up $31,001 (+5.9%) from 2022

Net Assets

Up

$491,331

Up $52,884 (+12%) from 2022

Liabilities

Down

$61,355

Down $21,883 (-26%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin89th percentile

Revenue

Up

$158,578

Up $15,364 (+11%) from 2022

Expenses

Up

$105,977

Up $2,487 (+2.4%) from 2022

Net Income

Up

$52,601

Up $12,877 (+32%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2023

Assets$552,686
Liabilities$61,355
Net Assets$491,331
Open 2023 Filing

Operations Trend

Revenue Growth59th 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

2023

Revenue$158,578
Expenses$105,977
Net Income$52,601
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 15, 2024
Return Version
2023v5.0
Gross Receipts
$158,578
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$398,723$438,730▲ $40,007
Land, Buildings, and Equipment, Net$366,131$349,336▼ $16,795
Savings and Temporary Cash Investments$116,983$119,268▲ $2,285
Cash and Non-Interest-Bearing Accounts$43,147$85,091▲ $41,944
Pd in Cap Srpls Land Bldg Eqp Fund$39,724$52,601▲ $12,877
Other Notes and Loans Receivable, Net$1,500$0▼ $1,500
Inventories for Sale or Use$230$230→ $0
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$-6,306$-1,239▲ $5,067
Total Assets$521,685$552,686▲ $31,001
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$83,237$61,355▼ $21,882
Other Liabilities$1--
Total Liabilities$83,238$61,355▼ $21,883
Net Assets / Fund Balance
Total Net Assets Fund Balance$438,447$491,331▲ $52,884
Total Liabilities and Net Assets / Fund Balance$521,685$552,686▲ $31,001

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$348,936$146,698$495,634
Equipment$400$5,209$5,609
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
William Grainger1st Lieutenant
Don Gantt2nd Lieutenant
Ray GessnerCaptain
David PaddockCommodore
John T KavanaghPast Commodore
Bruce R BesleyPaymaster
Bruce WilcoxSecretary
Rick AlexanderVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$156,003
Investment Income
$2,365
Other Revenue
$210
Change in Net Assets
$52,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,977
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
Depreciation Depletion-$16,795-$16,795
Interest-$3,374-$3,374
Fees for Services Accounting-$1,530-$1,530
All Other Expenses$475$807-$1,282
Other Expenses$3,950$450-$450
Fees for Services Other$250--$250
Total Functional Expenses$23,021$82,956$0$105,977
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Nbc Inc
EIN
54-1461275
Phone
7576258785
Address
432 W FREEMASON STREET, NORFOLK, VA 23510

Signing Officer

Name
John T Kavanaugh
Title
Past Commodore
Phone
7573736464
Signed
2024-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David G Paddock
Formed
1988
Legal Domicile
Va
Voting Board Members
100
Independent Board Members
0
Employees
0

Preparer

Firm
Stanley Financial Inc
Address
215 Brooke Ave Unit 104, Norfolk, VA 23510
Preparer
Mark S Stanley
Phone
7576350265
Raw XML AppendixShowing 400 of 412 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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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0886
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0103490
IRS990/PYOtherRevenueAmt0577
IRS990/PYProgramServiceRevenueAmt0141751
IRS990/PYRevenuesLessExpensesAmt039724
IRS990/PYTotalExpensesAmt0103490
IRS990/PYTotalRevenueAmt0143214
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt052601
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010098
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116983
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0119268
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05609
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0348936
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0146698
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0495634
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0349336
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NORFOLK BOAT CLUB 54-6008780
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0BUILDING OWNER
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0432 W FREEMASON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NORFOLK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd023510
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0521685
IRS990/TotalAssetsEOYAmt0552686
IRS990/TotalAssetsGrp/BOYAmt0521685
IRS990/TotalAssetsGrp/EOYAmt0552686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082956
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023021
IRS990/TotalFunctionalExpensesGrp/TotalAmt0105977
IRS990/TotalGrossUBIAmt02365
IRS990/TotalLiabilitiesBOYAmt083238
IRS990/TotalLiabilitiesEOYAmt061355
IRS990/TotalLiabilitiesGrp/BOYAmt083238
IRS990/TotalLiabilitiesGrp/EOYAmt061355
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0438447
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0491331
IRS990/TotalProgramServiceExpensesAmt018036
IRS990/TotalProgramServiceRevenueAmt0156003
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0158578
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02365
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0521685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0552686
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt0100
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.norfolkboatclub.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN T KAVANAUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PAST COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum07573736464
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NBC INC
ReturnHeader/Filer/BusinessNameControlTxt0NBCI
ReturnHeader/Filer/EIN0541461275
ReturnHeader/Filer/PhoneNum07576258785
ReturnHeader/Filer/USAddress/AddressLine1Txt0432 W FREEMASON STREET
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023510
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010549041
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stanley Financial Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215 Brooke Ave Unit 104

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$552,686
Liabilities
$61,355
Net assets
$491,331
Revenue
$158,578
Expenses
$105,977
Net income
$52,601
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
2023Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)7 • $500k-$1M nonprofits