Eastport Yacht Club Ltd is located in Annapolis, MD. The organization was established in 1996. 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 12/2021, Eastport Yacht Club Ltd employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastport Yacht Club Ltd 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, Eastport Yacht Club Ltd generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE SAILING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF PLEASURE SAILING. DEVELOP & SUSTAIN INTEREST IN WATERCRAFTS OF ALL TYPES. SPONSOR SAILING EVENTS & FURTHER THE ENJOYMENT OF SAILING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Mcquay Club Manager Beginning March 2021 | Officer | 40 | $92,238 |
Toby Tomko Club Manager Through February 2021 | Officer | 40 | $44,423 |
Lee Maynard Vice Commodore | OfficerTrustee | 2 | $0 |
Mark Jones Commodore | OfficerTrustee | 2 | $0 |
Stephanie Sams Treasurer | OfficerTrustee | 2 | $0 |
Liz Filter Past Commodore | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,616,743 |
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 | $1,616,743 |
Total Program Service Revenue | $717,990 |
Investment income | $117 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $25,806 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $27,884 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,404,552 |
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. | $141,632 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $271,569 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $24,496 |
Payroll taxes | $101,555 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,830 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,563 |
Advertising and promotion | $0 |
Office expenses | $66,051 |
Information technology | $52,876 |
Royalties | $0 |
Occupancy | $143,627 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $177,981 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $256,404 |
Insurance | $88,697 |
All other expenses | $0 |
Total functional expenses | $1,722,556 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,302,064 |
Savings and temporary cash investments | $424,818 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $55,974 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $68,778 |
Prepaid expenses and deferred charges | $71,101 |
Net Land, buildings, and equipment | $7,065,182 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,617 |
Total assets | $9,010,534 |
Accounts payable and accrued expenses | $115,366 |
Grants payable | $0 |
Deferred revenue | $190,739 |
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 | $3,704,214 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $424,818 |
Total liabilities | $4,435,137 |
Net assets without donor restrictions | $4,575,397 |
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 | $9,010,534 |
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Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
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Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |