Yacht Club Of Hhi Homeowners Inc
- Assets
- $238.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 12/2007
- Data as of
- 10/2023
- EIN
- 57-0730567
Organization Overview
Yacht Club Of Hhi Homeowners Inc is located in Hilton Head Island, SC. The organization was established in 2007. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Yacht Club Of Hhi Homeowners Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Yacht Club Of Hhi Homeowners Inc generated $125.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $108.0k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
WEEKLY DINNERS, SAILING REGATTAS AND SOCIAL GATHERINGS FOR MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathe Golden Commodore | 4 | $0 | |
Michael Gilroy Vice Commodore | 2 | $0 | |
John Westervelt Rear Commodore | 2 | $0 | |
Linda Bange Secretary | 3 | $0 | |
James Manning Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $60,171 |
| Membership dues | $65,753 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,924 |
| 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 | $5,955 |
| Occupancy, rent, utilities, and maintenance | $56,216 |
| Printing, publications, postage, and shipping | $1,263 |
| Other expenses | $44,603 |
| Total expenses | $108,037 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,023 |
| Other assets | $0 |
| Total assets | $238,433 |
| Total liabilities | $48,944 |
| Net assets or fund balances | $189,489 |