The Pontiac Yacht Club
- Assets
- $486.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pontiac, MI
- Founding
- 05/1947
- Data as of
- 10/2022
- EIN
- 38-1254659
Organization Overview
The Pontiac Yacht Club is located in Pontiac, MI. The organization was established in 1947. 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. Pontiac 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 10/2022, Pontiac Yacht Club generated $131.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $139.2k during the year ending 10/2022. While expenses have increased by 6.5% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
RAN SAILBOAT RACES EVERY WEDNESDAY EVENING AND SUNDAY WITH SOME MONDAY EVENINGS FROM MAY THROUGH SEPTEMBER. HELD SIX SOCIAL EVENTS AND TWO MAJOR INVITATIONAL REGATTAS. PROVIDED DOCK, DRYSAIL, AND RACK STORAGE FOR 168 SAILBOATS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Gardner President | 8 | $0 | |
Chaturi Edrisinha Secretary | 4 | $0 | |
Salo Korn Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $40,809 |
| Membership dues | $90,388 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,197 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $40,437 |
| Printing, publications, postage, and shipping | $4,374 |
| Other expenses | $94,390 |
| Total expenses | $139,201 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,812 |
| Other assets | $0 |
| Total assets | $486,622 |
| Total liabilities | $0 |
| Net assets or fund balances | $486,622 |
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