Poulsbo Yacht Club
- Assets
- $2.1m
- Revenue
- $504.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Poulsbo, WA
- Founding
- 01/1967
- Data as of
- 06/2024
- EIN
- 91-6069045
Organization Overview
Poulsbo Yacht Club is located in Poulsbo, WA. The organization was established in 1967. 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 06/2024, Poulsbo Yacht Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poulsbo 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 06/2024, Poulsbo Yacht Club generated $504.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $364.3k during the year ending 06/2024. While expenses have increased by 8.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB PROMOTION RECREATIONAL BOATING IN THE PACIFIC NORTHWEST
Describe the Organization's Program Activity:
Part 3 - Line 4a
POULSBO YACHT CLUB PROMOTES THE USE OF WATERCRAFT FOR SOCIAL AND RECREATIONAL PURPOSES. THE CLUB OWNS AND OPERATES A MARINA AND SHORESIDE FACILITIES FOR THE USE OF ITS MEMBERS. THE CLUB ALSO SPONSORS A JUNIOR SAILING PROGRAM WHICH TEACHES SAILING SKILLS TO AREA YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Mackall Trustee | Trustee | 2 | $0 |
Matt Werner Vice Rear Commodore | OfficerTrustee | 4 | $0 |
Andy Fox Trustee | Trustee | 2 | $0 |
John Hunt Rear Commodore | OfficerTrustee | 4 | $0 |
Nick Valladarez Trustee | Trustee | 2 | $0 |
Peggy Sue Drury Commodore | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $190,189 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,289 |
| Total Program Service Revenue | $215,300 |
| Investment income | $34,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,636 |
| 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 | $8,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,667 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,169 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,841 |
| Insurance | $35,957 |
| All other expenses | $38,137 |
| Total functional expenses | $364,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,875 |
| Savings and temporary cash investments | $1,065,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,855 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $968,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,425 |
| Total assets | $2,149,736 |
| Accounts payable and accrued expenses | $42,895 |
| 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 | $18,117 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,012 |
| Net assets without donor restrictions | $1,129,067 |
| Net assets with donor restrictions | $959,657 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,149,736 |