Lauderdale Yacht Club Inc
- Assets
- $35.9m
- Revenue
- $10.6m
- Investments
- $2.7m
- Employees
- 296
- Location
- Fort Lauderdale, FL
- Founding
- 06/1940
- Data as of
- 04/2023
- EIN
- 59-0326329
Organization Overview
Lauderdale Yacht Club Inc is located in Fort Lauderdale, FL. The organization was established in 1940. 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 04/2023, Lauderdale Yacht Club Inc employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lauderdale 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 04/2023, Lauderdale Yacht Club Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $13.1m during the year ending 04/2023. While expenses have increased by 8.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wil H Shriner Commodore | OfficerTrustee | 5 | $0 |
Thomas T Coon Jr ESQ Vice Commodore | OfficerTrustee | 1 | $0 |
James Maus Rear Commodore | OfficerTrustee | 1 | $0 |
W Grey Marker Treasurer | OfficerTrustee | 3 | $0 |
John Swadener Secretary | OfficerTrustee | 1 | $0 |
Charles Caulkins ESQ Legal Officer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown & Brown Of Florida Inc Insurance | 4/29/21 | $332,357 |
Avmed Health Insurance | 4/29/21 | $267,101 |
Pnc Bank Financial | 4/29/21 | $259,755 |
Chubb Group Of Ins Co Insurance | 4/29/21 | $204,970 |
Broward Co Tax Collector Taxes | 4/29/21 | $203,198 |
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 | $7,211,275 |
| Investment income | $24,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,853 |
| Net Gain/Loss on Asset Sales | -$16,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,245,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,607,857 |
| 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 | $5,859,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $971,045 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,233 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $876,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $740,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,696,948 |
| Insurance | $606,377 |
| All other expenses | $475,947 |
| Total functional expenses | $13,060,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,281 |
| Savings and temporary cash investments | $401,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,159,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $329,397 |
| Prepaid expenses and deferred charges | $240,056 |
| Net Land, buildings, and equipment | $30,536,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,725,593 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,824 |
| Total assets | $35,930,007 |
| Accounts payable and accrued expenses | $1,044,057 |
| Grants payable | $0 |
| Deferred revenue | $1,173,129 |
| 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 | $17,778,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,141 |
| Total liabilities | $20,038,996 |
| Net assets without donor restrictions | $15,891,011 |
| 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 | $35,930,007 |