Lake Bluff Yacht Club
- Assets
- $74.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- Data as of
- 12/2022
- EIN
- 88-0788720
Organization Overview
Lake Bluff Yacht Club is located in Lake Bluff, IL. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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 Bluff 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 12/2022, Lake Bluff Yacht Club generated $59.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $62.7k during the year ending 12/2022. While expenses have increased by 28.0% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Palizza Commodore | 1 | $0 | |
Rob Stelling Vice Commodore | 1 | $0 | |
Louis Gordon Treasurer | 1 | $0 | |
Leland Brode Membership Chair | 1 | $0 | |
Doug Warren Race Director | 1 | $0 | |
Carman Hammond Social Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,278 |
| Membership dues | $30,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,050 |
| Total Revenue | $59,528 |
| 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 | $9,502 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,175 |
| Total expenses | $62,677 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,387 |
| Other assets | $0 |
| Total assets | $74,387 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,387 |