Leatherlips Yacht Club Inc
- Assets
- $358.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Powell, OH
- Founding
- 12/1976
- Data as of
- 12/2023
- EIN
- 31-0896393
Organization Overview
Leatherlips Yacht Club Inc is located in Powell, OH. The organization was established in 1976. 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. Leatherlips Yacht Club Inc 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, Leatherlips Yacht Club Inc generated $162.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $154.4k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mandry Commodore | 20 | $0 | |
Robert White Vice Commodore | 10 | $0 | |
Matt Pittsenbarger Rear Commodore | 10 | $0 | |
Warren Watkins Fleet Captain | 10 | $0 | |
Carolyn Tanner Secretary | 11 | $0 | |
Dick Bartz Member At Large | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490 |
| Total Program Service Revenue | $72,066 |
| Membership dues | $83,855 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,545 |
| Total Revenue | $161,956 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,216 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $40,289 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $69,907 |
| Total expenses | $154,412 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $253,229 |
| Other assets | $0 |
| Total assets | $358,106 |
| Total liabilities | $4,770 |
| Net assets or fund balances | $353,336 |