Western Reserve Yacht Club
- Assets
- $467.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand River, OH
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 34-1365160
Organization Overview
Western Reserve Yacht Club is located in Grand River, OH. The organization was established in 1987. 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. Western Reserve 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, Western Reserve Yacht Club generated $173.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $123.7k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 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
TO PROMOTE AND ENCOURAGE THE SPORT OF YACHTING, TO ENCOURAGE THE MEMBERS TO BECOME FAMILIAR WITH AND TO ADHERE TO THE RULES AND LAWS OF NAVIGATION AND SEAMANSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Powell Commodore | 5 | $0 | |
Don Walton Treasurer | 5 | $0 | |
Chris Aruta Vice-Commodore | 5 | $0 | |
Vicki Hall Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Total Program Service Revenue | $151,034 |
| Membership dues | $15,879 |
| Investment income | $1,484 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,562 |
| Total Revenue | $173,009 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $828 |
| Occupancy, rent, utilities, and maintenance | $59,971 |
| Printing, publications, postage, and shipping | $434 |
| Other expenses | $62,442 |
| Total expenses | $123,675 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,037 |
| Other assets | $0 |
| Total assets | $466,993 |
| Total liabilities | $44,032 |
| Net assets or fund balances | $422,961 |