Carlouel Yacht Club
- Assets
- $4.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 129
- Location
- Clearwater, FL
- Founding
- 01/1981
- Data as of
- 10/2021
- EIN
- 59-0558704
Organization Overview
Carlouel Yacht Club is located in Clearwater, FL. The organization was established in 1981. 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 10/2021, Carlouel Yacht Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlouel 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 10/2021, Carlouel Yacht Club generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.2m during the year ending 10/2021. While expenses have increased by 2.8% per year over the past 6 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
FOOD AND BEVERAGE SERVICES PROVIDED TO MEMBERS IN A PRIVATE, MEMBER OWNED, SOCIAL CLUB SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB CONSISTED OF APPROXIMATELY 492 MEMBERS AS OF OCTOBER 31, 2021. FOOD, BEVERAGE AND OTHER ENTERTAINMENT ARE PROVIDED TO THE CLUB'S MEMBERS. THE CLUB MAINTAINS A CLUBHOUSE TO PROVIDE LUNCHEON AND DINNER SERVICES TO ITS MEMBERS AND THEIR GUESTS, AND BANQUETS AND PARTIES FOR ITS MEMBERS. THE CLUB MAINTAINS TWO OUTDOOR POOLS AND TENNIS RECREATIONAL FACILITIES FOR USE BY ITS MEMBERS AND THEIR GUESTS. MEMBERS MAY PARTICIPATE IN SWIM MEETS AND OTHER TOURNAMENTS. THE CLUB'S OTHER PROGRAM SERVICES INCLUDE CAMP CARLOUEL, A SUMMER DAY PROGRAM FOR CHILDREN, MAINTENANCE OF CABANAS THAT MAY BE RENTED BY THE MEMBERS, PRIVATE BEACH ACCESS, TEMPORARY BOAT DOCKAGE, AND OTHER MISCELLANEOUS MEMBERSHIP PROGRAMS. THE CLUB OFFERS VARIOUS TYPES OF WATERCRAFT, INCLUDING 3 OUTBOARD RESCUE BOATS, 11 SAILING PRAMS, 24 KAYAKS AND 6 STAND UP PADDLE BOARDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Williams Former General Manager | 40 | $168,856 | |
Brad Meinck Vice Commodore | OfficerTrustee | 1 | $0 |
Robert Metz Rear Commodore | OfficerTrustee | 1 | $0 |
John Connelly Past Commodore | OfficerTrustee | 1 | $0 |
Chris Foley Commodore | OfficerTrustee | 1 | $0 |
Peter Jones Treasurer | OfficerTrustee | 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 | $2,468,042 |
| Investment income | $1,615 |
| 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 | $1,296,369 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,216,568 |
| 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. | $168,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,985,618 |
| Pension plan accruals and contributions | $30,602 |
| Other employee benefits | $277,829 |
| Payroll taxes | $177,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,375 |
| Fees for services: Accounting | $48,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,315 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,184 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,117 |
| Insurance | $221,719 |
| All other expenses | $88,073 |
| Total functional expenses | $4,247,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,060 |
| Prepaid expenses and deferred charges | $116,569 |
| Net Land, buildings, and equipment | $2,934,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,528 |
| Total assets | $4,260,634 |
| Accounts payable and accrued expenses | $280,025 |
| Grants payable | $0 |
| Deferred revenue | $43,000 |
| 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 | $1,127,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,320 |
| Total liabilities | $1,536,969 |
| Net assets without donor restrictions | $2,723,665 |
| 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 | $4,260,634 |
Peer Organizations
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|---|---|---|
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 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
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 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |