Cambridge Yacht Club is located in Cambridge, MD. The organization was established in 1943. 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, Cambridge Yacht Club employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge 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, Cambridge Yacht Club generated $635.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $591.2k 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
A SOCIAL CLUB WITH EMPHASIS ONMARINE ACTIVITIES INCLUDING SAIL TRAINING AND RACING, DINING AND BARFACILITIES AND OTHER RECREATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SOCIAL CLUB WITH EMPHASIS ON MARINE ACTIVITIES INCLUDING SAIL TRAINING AND RACING, DINING ANDBAR FACILITIES AND OTHER RECREATIONAL ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Trevor Carouge Vice Commodore | OfficerTrustee | 2 | $0 |
Bill Clyde Commodore | OfficerTrustee | 2 | $0 |
Graham Ward Rear Commodore | OfficerTrustee | 2 | $0 |
Chris Young Treasurer | OfficerTrustee | 2 | $0 |
Kevin Diaz Fleet Captain | OfficerTrustee | 2 | $0 |
Rev Canon Bernie Schroeder Fleet Chaplain | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $237,476 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $65 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $237,541 |
Total Program Service Revenue | $228,637 |
Investment income | $2,795 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,425 |
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 | $154,458 |
Miscellaneous Revenue | $0 |
Total Revenue | $635,920 |
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 | $188,145 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $25,495 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,188 |
Office expenses | $7,470 |
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 | $51,095 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $95,057 |
Insurance | $37,277 |
All other expenses | $25,538 |
Total functional expenses | $591,227 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $36,361 |
Savings and temporary cash investments | $299,793 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $186,946 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $21,620 |
Prepaid expenses and deferred charges | $11,949 |
Net Land, buildings, and equipment | $1,287,782 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $520 |
Other assets | $0 |
Total assets | $1,844,971 |
Accounts payable and accrued expenses | $33,849 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $888,133 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $204,534 |
Total liabilities | $1,126,516 |
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 | $718,455 |
Total liabilities and net assets/fund balances | $1,844,971 |
Organization Name | Assets | Revenue |
---|---|---|
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Lancaster Country Club Lancaster, PA | $38,766,757 | $8,916,109 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Country Club Of York York, PA | $13,796,902 | $5,721,703 |
Commandeire D Amerique De La Dover, DE | $4,301,112 | $4,778,231 |
Doylestown Country Club Doylestown, PA | $7,389,930 | $5,828,287 |