Okoboji Yacht Club
- Assets
- $3.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, IA
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 23-7409197
Organization Overview
Okoboji Yacht Club is located in Milford, IA. The organization was established in 1975. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Okoboji Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Okoboji Yacht Club generated $46.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $46.4k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OKOBOJI YACHT CLUB, INC ACHIEVES GOALS BY CONDUCTING REGATTAS, CLUB RACES, AND SOCIAL FUNCTIONS. THE ORGANIZATION HAS APPROXIMATELY 500 MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Names Of Directors See Schedule O | 0.1 | $0 | |
Bradley D Farrar Executive Director | 5 | $3,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $118,350 |
| Investment income | $113 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$73,505 |
| Other Revenue | $0 |
| Total Revenue | $46,022 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,467 |
| Professional fees and other payments to independent contractors | $4,740 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,193 |
| Total expenses | $46,400 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,085 |
| Other assets | $0 |
| Total assets | $3,446 |
| Total liabilities | $1,274 |
| Net assets or fund balances | $2,172 |