Savannah Yacht Club Inc
- Assets
- $14.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 154
- Location
- Savannah, GA
- Founding
- 04/1963
- Data as of
- 12/2021
- EIN
- 58-0555047
Organization Overview
Savannah Yacht Club Inc is located in Savannah, GA. The organization was established in 1963. 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, Savannah Yacht Club Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah Yacht Club Inc 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, Savannah Yacht Club Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 4.0% 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
OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK AND SPORTS FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.
OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leopoldo M Luistro Vi General Mana | Officer | 48 | $47,627 |
Toby Moreau Past Commodo | OfficerTrustee | 1 | $0 |
Denton Stone Vice Commodo | OfficerTrustee | 1 | $0 |
Jim Sheffield Commodore | OfficerTrustee | 1 | $0 |
Richard Coomer Rear Commodo | OfficerTrustee | 1 | $0 |
Melissa Foster Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,032,748 |
| Investment income | $3,886 |
| 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 | $2,334,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,783,830 |
| 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. | $47,627 |
| Compensation of current officers, directors, key employees. | $6,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,562,939 |
| Pension plan accruals and contributions | $53,980 |
| Other employee benefits | $299,394 |
| Payroll taxes | $132,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,251 |
| Advertising and promotion | $29,814 |
| Office expenses | $43,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $593,548 |
| 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 | $755,385 |
| Insurance | $360,252 |
| All other expenses | $148,501 |
| Total functional expenses | $5,856,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,421 |
| Savings and temporary cash investments | $4,199,474 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $813,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $134,257 |
| Prepaid expenses and deferred charges | $89,315 |
| Net Land, buildings, and equipment | $8,750,915 |
| Investments—publicly traded securities | $33,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,817 |
| Other assets | $359,576 |
| Total assets | $14,659,615 |
| Accounts payable and accrued expenses | $582,852 |
| Grants payable | $0 |
| Deferred revenue | $514,446 |
| 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 | $1,097,298 |
| Net assets without donor restrictions | $13,562,317 |
| 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 | $14,659,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |