Bay Waveland Yacht Club Inc
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 40
- Location
- Bay St Louis, MS
- Founding
- 03/1984
- Data as of
- 09/2022
- EIN
- 64-0297127
Organization Overview
Bay Waveland Yacht Club Inc is located in Bay St Louis, MS. The organization was established in 1984. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Bay Waveland Yacht Club Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Waveland 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 09/2022, Bay Waveland Yacht Club Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 2.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY-WAVELAND YACHT CLUB, INC. PROVIDES DIFFERENT SAILING EVENTS AND COMPETITIONS THROUGHOUT THE YEAR AS ONE OF ITS PROGRAM SERVICES TO ITS MEMBERSHIP. THE CLUB HAD 512 MEMBERS AS OF THE END OF ITS FISCAL YEAR.
THE BAY-WAVELAND YACHT CLUB, INC. PROVIDES FISHING AND BOATING TOURNAMENTS FOR ITS MEMBERS.
THE BAY-WAVELAND YACHT CLUB, INC. PROVIDES DOCKS AND DOCKING FOR VARIOUS BOATS AND SMALL CRAFTS FOR ITS MEMBERS AND GOVERNMENT AGENCIES ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Edwards Commodore | OfficerTrustee | 1 | $0 |
Tommy Heausler Vice Commodore | OfficerTrustee | 1 | $0 |
Zak Fanberg Treasurer | OfficerTrustee | 1 | $0 |
Kathi Troendle Secretary | OfficerTrustee | 1 | $0 |
Marc Eagan Rear Commodore | OfficerTrustee | 1 | $0 |
Bob Rosamond Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $779,923 |
| 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 | $779,923 |
| Total Program Service Revenue | $204,755 |
| Investment income | $123 |
| 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 | $367,106 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,351,907 |
| 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 | $459,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,991 |
| Payroll taxes | $45,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,716 |
| Advertising and promotion | $200 |
| Office expenses | $39,620 |
| Information technology | $0 |
| 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 | $3,198 |
| Interest | $20,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,714 |
| Insurance | $121,051 |
| All other expenses | $109,352 |
| Total functional expenses | $1,221,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,180 |
| Savings and temporary cash investments | $363,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,037 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,083,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $846 |
| Total assets | $2,722,850 |
| Accounts payable and accrued expenses | $171,783 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $472,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $643,800 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $247,570 |
| Paid-in or capital surplus, or land, building, or equipment fund | $622,120 |
| Retained earnings, endowment, accumulated income, or other funds | $1,209,360 |
| Total liabilities and net assets/fund balances | $2,722,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Waveland Yacht Club Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Southern Sailing Foundation At New Orleans Metairie, LA PURPOSE: US SAILING REGATTA GREAT OAKS QUALIFYING | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Hoover Country Club Birmingham, AL | $6,182,336 | $5,552,776 |
Dothan Country Club Dothan, AL | $9,614,467 | $5,061,847 |
River Hills Club Of Jackson Inc Jackson, MS | $9,139,589 | $4,526,237 |
Hot Springs Country Club Inc Hot Springs, AR | $2,661,246 | $3,999,960 |
Fayetteville Country Club Fayetteville, AR | $3,475,139 | $2,992,560 |
Jonesboro Country Club Inc Jonesboro, AR | $7,876,752 | $3,184,262 |
Diamante Members Club Inc Hot Springs Village, AR | $6,478,164 | $2,689,723 |
Cedar Creek Yacht Club Inc Mount Juliet, TN | $5,465,434 | $1,466,060 |
White Horse Holding Corporation Memphis, TN | $25,729,235 | $3,077,604 |