St Croix Yacht Club
- Assets
- $433.7k
- Revenue
- $214.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Stillwater, MN
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 41-1491616
Organization Overview
St Croix Yacht Club is located in Stillwater, MN. The organization was established in 1985. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, St Croix Yacht Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix 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 12/2021, St Croix Yacht Club generated $214.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $232.6k during the year ending 12/2021. 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
THE PROMOTION OF SOCIAL, BOATING AND AQUATIC FUNCTIONS ON THE ST. CROIX AND UPPER MISSISSIPPI RIVERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN ENVIRONMENT WHICH ENHANCES SOCIAL AND AQUATIC EXPERIENCES FOR ITS 200+ MEMBERS AND THEIR GUESTS AND FAMILIES AT CLUBHOUSE AND 2 BEACHES.
ASSISTING OUR MEMBERSHIP IS THE EDUCATION AND PROMOTION OF THEIR AQUATIC EXPERIENCE. THIS IS ACCOMPLISHED THROUGH MEMBER ORIENTATION IN WHICH NEW MEMBERS ARE INSTRUCTED IN THE APPROPRIATE METHODS OF USING THE BEACHES WITH THEIR VESSELS, WATER SAFETY PROVIDING CONTACT WITH EXPERIENCED EXISTING MEMBERS. THESE EDUCATIONAL ORIENTATIONS ARE HELD AT THE CLUBHOUSE AND ARE OFFERED DURING THE BOATING SEASON. IN ADDITION WE PROVIDE BOATING EDUCATION ON NAVIGATION AND BOAT OPERATION TO OUR MEMBERS.
PROMOTING GOOD STEWARDSHIP OF OUR RIVERS AND COMMUNITY BY WORKING WITH THE DNR, LOCAL SHERIFF'S DEPARTMENTS AND THE LOCAL FOOD SHELF. WE ALSO PUBLISH A NEWSLETTER 3 TIMES A YEAR THAT INCLUDES ARTICLES PERTINENT TO OUR MEMBERS FOR BOTH SOCIAL AND BOATING EDUCATION. THIS INCLUDES ARTICLES BY OUR SAFETY OFFICER, BEACH CAPTAINS, COMMODORE, BRIDGE, AND OTHER EXPERIENCED MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Terpstra Commodore | Officer | 10 | $0 |
Brian Larsen Steward | Officer | 10 | $0 |
Dan Mitchell Judge Advocate | Officer | 1 | $0 |
Mark George MD Medical Officer | Officer | 1 | $0 |
John Dow Vice Commodore | Officer | 10 | $0 |
Wayne Watson Rear Commodore | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $204,415 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,825 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,850 |
| 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 | $31,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,771 |
| Office expenses | $22,561 |
| Information technology | $6,763 |
| Royalties | $0 |
| Occupancy | $24,091 |
| 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 | $0 |
| Insurance | $6,802 |
| All other expenses | $0 |
| Total functional expenses | $232,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,528 |
| Savings and temporary cash investments | $85,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,112 |
| Net Land, buildings, and equipment | $277,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,656 |
| Accounts payable and accrued expenses | $26,186 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $28,686 |
| Net assets without donor restrictions | $0 |
| 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 | $404,970 |
| Total liabilities and net assets/fund balances | $433,656 |
Peer Organizations
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|---|---|---|
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Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
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North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
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Spring Hill Golf Club Wayzata, MN | $14,177,799 | $4,336,296 |
Chenequa Country Club Inc Hartland, WI | $8,162,285 | $3,577,706 |
Tuckaway Country Club Inc Franklin, WI | $8,452,752 | $4,849,926 |
Lake Geneva Country Club Fontana, WI | $6,852,229 | $4,168,458 |
West Bend Country Club West Bend, WI | $5,974,564 | $4,364,708 |