St Francis Yacht Club
- Assets
- $22.0m
- Revenue
- $14.2m
- Investments
- $10.1m
- Employees
- 159
- Location
- San Francisco, CA
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 94-0830750
Organization Overview
St Francis Yacht Club is located in San Francisco, CA. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, St Francis Yacht Club employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Francis 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 12/2021, St Francis Yacht Club generated $14.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Francis Yacht Club has awarded 29 individual grants totaling $323,666. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX-EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meagher General Manager | Officer | 40 | $374,046 |
Aaron Johnson Executive Chef | 40 | $182,276 | |
Michael Perry Clubhouse Manager | 40 | $162,716 | |
Ross Schiveley Tinsley Island Manager | 40 | $162,673 | |
Noel Omila Assistant Gm-Membership | 40 | $158,653 | |
Asif Ehsan Controller | 40 | $114,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,951 |
| Total Program Service Revenue | $7,673,554 |
| Investment income | $128,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,849,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,152,861 |
| 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. | $395,818 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,718,002 |
| Pension plan accruals and contributions | $133,196 |
| Other employee benefits | $1,432,811 |
| Payroll taxes | $345,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,226 |
| Fees for services: Accounting | $77,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,815 |
| Fees for services: Other | $753,112 |
| Advertising and promotion | $0 |
| Office expenses | $1,009,862 |
| Information technology | $220,539 |
| Royalties | $0 |
| Occupancy | $1,047,275 |
| Travel | $20,867 |
| 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 | $1,051,083 |
| Insurance | $486,270 |
| All other expenses | $0 |
| Total functional expenses | $12,481,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,743,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,398,774 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $353,633 |
| Prepaid expenses and deferred charges | $330,809 |
| Net Land, buildings, and equipment | $7,268,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,065,358 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,341 |
| Total assets | $21,989,998 |
| Accounts payable and accrued expenses | $2,010,873 |
| Grants payable | $0 |
| Deferred revenue | $815,219 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,673,993 |
| Total liabilities | $5,500,085 |
| Net assets without donor restrictions | $14,904,914 |
| Net assets with donor restrictions | $1,584,999 |
| 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 | $21,989,998 |
Grants Awarded
Over the last fiscal year, St Francis Yacht Club has awarded $7,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bristol, RI PURPOSE: TO PROMOTE CIVIC ENGAGEMENT THAT PROTECTS AND SUSTAINS SAN FRANCISCO SAILING. | $5,000 |
San Francisco, CA PURPOSE: TO PROMOTE CIVIC ENGAGEMENT THAT PROTECTS AND SUSTAINS SAN FRANCISCO PARKS. | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Francis Yacht Club has recieved totaling $30,300.
| Awarding Organization | Amount |
|---|---|
St Francis Sailing Foundation San Francisco, CA PURPOSE: ST. FRANCIS JR. SAILING PROGRAM | $30,300 |
Endowment Analysis
| Beg. Balance | $1,461,730 |
| Earnings | $202,208 |
| Admin Expense | $150,000 |
| Ending Balance | $1,513,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |