Naples Yacht Club Inc

Organization Overview

Naples Yacht Club Inc is located in Naples, FL. The organization was established in 1960. 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 09/2021, Naples Yacht Club Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naples 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 09/2021, Naples Yacht Club Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE NAPLES YACHT CLUB (NYC) IS A PRIVATE YACHT AND SOCIAL CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLUB MAINTAINS A DINING FACILITY FOR THE BENEFIT OF ITS MEMBERS. FOR THE YEAR 09/30/21, FOOD AND BEVERAGE SALES TOTALED $ 1,956,605 OF WHICH $166,229 WAS NON-MEMBER RELATED.


THE CLUB MAINTAINS A MARINA AREA FOR THE BENEFIT OF ITS MEMBERS. FOR THE YEAR 09/30/21, MARINA SALES TOTALED $ 583,636 OF WHICH $ 117,895 WAS NON-MEMBER RELATED.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Mooney
General Manager
$263,334
Christina Fridley
Cfo/controller
$122,113
Michael Katz
Executive Chef
$109,720
Joseph W Mcclanathan
Commodore
$0
Richard B Maxwell
Vice Commodore
$0
Kathy P King
Rear Commodore
$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$4,646,087
Investment income $2,169
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 $1,104,047
Miscellaneous Revenue$0
Total Revenue $6,123,873

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Naples Yacht Club Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Robert And Virginia Cornog Family Foundation

Naples, FL

PURPOSE: SCHOLARSHIP FUND

$1,000
View Grant Recipient Profile

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