Port Madison Yacht Club Inc

Organization Overview

Port Madison Yacht Club Inc is located in Bainbridge Island, WA. The organization was established in 1966. 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. Port Madison 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 12/2021, Port Madison Yacht Club Inc generated $197.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $126.9k during the year ending 12/2021. While expenses have increased by 1.7% 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

EDUCATION, RECREATIONAL & SOCIAL SAILING SERVICES & ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTENANCE AND OWNERSHIP COSTS ASSOCIATED WITH MEMBER CLUBHOUSE AND PROPERTY, INCLUDING DOCKS AND MOORAGE FACILITIES. USED FOR MEMBER ACTIVITIES AND SERVICES.


SPONSOR OF CLUB AND OPEN SAILING RACES AND SUMMER SAILING LESSONS FOR MEMBERS AND NON-MEMBERS.


SOCIAL EVENTS TO FOSTER SAILING AND COMMUNITY FOR MEMBERS AND THEIR FAMILIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$51,057
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,180
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$53,237
Total Program Service Revenue$144,228
Investment income $396
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 $0
Miscellaneous Revenue$0
Total Revenue $197,861

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Port Madison Yacht Club Inc has recieved totaling $3,950.

Awarding OrganizationAmount
Bainbridge Island Parks Foundation

Bainbridge Island, WA

PURPOSE: YOUTH PROGRAM

$3,950
View Grant Recipient Profile

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