Shreveport Yacht Club Inc
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Shreveport, LA
- Founding
- Data as of
- 12/2022
- EIN
- 72-0406559
Organization Overview
Shreveport Yacht Club Inc is located in Shreveport, LA. As of 12/2022, Shreveport Yacht Club Inc employed 31 individuals. Shreveport 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 12/2022, Shreveport Yacht Club Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 17.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER INTEREST AMONG ITS MEMBERS IN MOTOR BOATING, SAIL BOATING, FISHING, SOCIAL AND OTHER RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE RECREATIONAL BOATING, INSTRUCTION IN BOATING SAFETY, & BOAT SLIP RENTAL/STORAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Hathaway Commodore | OfficerTrustee | 10 | $0 |
William Bradford Vice Commodo | OfficerTrustee | 10 | $0 |
Jeffrey Little Treasurer | OfficerTrustee | 10 | $0 |
James Coe Secretary | OfficerTrustee | 10 | $0 |
Brian Fulco Rear Commodo | OfficerTrustee | 10 | $0 |
Shelly Wagner Director At | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $611,181 |
| 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 | $611,181 |
| Total Program Service Revenue | $324,053 |
| Investment income | $77 |
| 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 | $379,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,317,576 |
| 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 | $58,080 |
| 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 | $533,427 |
| Pension plan accruals and contributions | $3,934 |
| Other employee benefits | $36,927 |
| Payroll taxes | $42,801 |
| Fees for services: Management | $5,717 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,848 |
| Office expenses | $8,426 |
| Information technology | $1,295 |
| 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 | $77,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,450 |
| Insurance | $86,420 |
| All other expenses | $38,659 |
| Total functional expenses | $1,255,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,608 |
| Savings and temporary cash investments | $53,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $666 |
| Inventories for sale or use | $37,693 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,882,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,229,469 |
| Accounts payable and accrued expenses | $2,110 |
| 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 | $1,935,961 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,872 |
| Total liabilities | $1,948,943 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $120,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $66,377 |
| Retained earnings, endowment, accumulated income, or other funds | $1,094,149 |
| Total liabilities and net assets/fund balances | $3,229,469 |