Lake Worth Sailing Club Inc
- Assets
- $142.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/1955
- Data as of
- 12/2023
- EIN
- 75-6036258
Organization Overview
Lake Worth Sailing Club Inc is located in Fort Worth, TX. The organization was established in 1955. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Worth Sailing 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 12/2023, Lake Worth Sailing Club Inc generated $83.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $82.2k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MEMBERSHIP DUES AND COMMUNITY EVENTS, LESS FACILITIES AND OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Brandt Commodore | 4 | $0 | |
Aaron Brandt Vice Commodore | 6 | $0 | |
Cheryl Springer Treasurer | 4 | $0 | |
Andy Katz Secretary | 2 | $0 | |
David Tyler Race Committee | 2 | $0 | |
Gray Noyes Vice Race Commi | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,948 |
| Total Program Service Revenue | $43,471 |
| Membership dues | $35,852 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,113 |
| Occupancy, rent, utilities, and maintenance | $60,188 |
| Printing, publications, postage, and shipping | $250 |
| Other expenses | $16,612 |
| Total expenses | $82,163 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,170 |
| Other assets | $0 |
| Total assets | $142,676 |
| Total liabilities | $0 |
| Net assets or fund balances | $142,676 |