Cleveland Yachting Club Inc
- Assets
- $11.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 224
- Location
- Rocky River, OH
- Founding
- 05/1951
- Data as of
- 09/2021
- EIN
- 34-0154090
Organization Overview
Cleveland Yachting Club Inc is located in Rocky River, OH. The organization was established in 1951. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Cleveland Yachting Club Inc employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Yachting 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 09/2021, Cleveland Yachting Club Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.6m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCKING, HAUL AND LAUNCH, RELATED BOATING SERVICES
FOOD AND BEVERAGE SALES
MISCELLANEOUS MEMBER SOCIAL FUNCTIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin T Carroll Commodore | Officer | 0.7 | $0 |
Michael F Mansuetto Rear Commodore | Officer | 0.7 | $0 |
Daniel Clevenger Vice Commodore | Officer | 0.7 | $0 |
Andrew E Drumm Fleet Captain | Officer | 0.7 | $0 |
Marc Dallas Chief Operating Officer | Officer | 48 | $0 |
Laura D Goldberg Trustee | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,977,986 |
| Investment income | $834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$412,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,581,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $228,514 |
| Payroll taxes | $16,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,513 |
| Insurance | $150,852 |
| All other expenses | $291,313 |
| Total functional expenses | $2,596,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,002,875 |
| Savings and temporary cash investments | $258,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,002,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $134,351 |
| Prepaid expenses and deferred charges | $86,224 |
| Net Land, buildings, and equipment | $7,537,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,961 |
| Total assets | $11,024,901 |
| Accounts payable and accrued expenses | $451,466 |
| Grants payable | $0 |
| Deferred revenue | $406,137 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $857,603 |
| Net assets without donor restrictions | $10,167,298 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,024,901 |
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