Beaufort Yacht Club
- Assets
- $217.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beaufort, SC
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 57-0346483
Organization Overview
Beaufort Yacht Club is located in Beaufort, SC. The organization was established in 1991. 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. Beaufort 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, Beaufort Yacht Club generated $119.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $80.6k during the year ending 12/2021. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CLUB ORGNAIZED FOR PLEASURE AND RECREATION OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mitchell Secretary | 2 | $0 | |
Chris Jones Commodore | 2 | $0 | |
Kendall F Erickson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $84,815 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16,367 |
| Total Revenue | $119,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,143 |
| Professional fees and other payments to independent contractors | $4,250 |
| Occupancy, rent, utilities, and maintenance | $49,354 |
| Printing, publications, postage, and shipping | $7,561 |
| Other expenses | $1,264 |
| Total expenses | $80,572 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,584 |
| Other assets | $0 |
| Total assets | $217,912 |
| Total liabilities | $5,183 |
| Net assets or fund balances | $212,729 |
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