Santa Cruz Yacht Club
- Assets
- $1.2m
- Revenue
- $861.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Santa Cruz, CA
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 94-6041657
Organization Overview
Santa Cruz Yacht Club is located in Santa Cruz, CA. The organization was established in 1984. 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 12/2022, Santa Cruz Yacht Club employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Cruz 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, Santa Cruz Yacht Club generated $861.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $875.8k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE YACHTING AND THE SCIENCE AND THE ART OF DESIGNING, BUILDING, NAVIGATING AND HANDLING OF YACHTS AND SMALL BOATS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRY DOCK AND WET SLIP STORAGE FOR BOATS BELONGING TO MEMBERS AND GUESTS. INCLUDES HOIST FOR BOAT LAUNCHING, MAINTENANCE, AND REPAIR OF FACILITIES
ENCOURAGE YACHTING AND THE SCIENCE AND THE ART OF DESIGNING, BUILDING, NAVIGATING AND HANDLING OF YACHTS AND SMALL BOATS
INSTRUCTION IN SAILING, RACING, AND CRUISING, FOR JUNIOR MEMBERS AND GUESTS. USES BOATS AND FACILITIES OWNED BY THE CLUB. INCLUDES SEVERAL RACES HOSTED BY THE CLUB.
SOCIAL AND RECREATIONAL FUNCTIONS HOSTED BY THE CLUB, INCLUDING ANNUAL BANQUET, LIGHTED BOAT PARADE, LUNCHEONS, CHILDREN'S PROGRAMS. MEMBERS USE OF FACILITIES, EQUIPMENT AND SUPPLIES OWNED BY THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Gilmore Rear Commodo | OfficerTrustee | $0 | |
Carrie Darling Director | Trustee | $0 | |
Tom Postlewaite Director | Trustee | $0 | |
Mark Merritt Port Captain | OfficerTrustee | $0 | |
Vance Landis-Carey Commodore | Trustee | $0 | |
Sarah Raymoure Regatta Chai | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $366,804 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,280 |
| Total Program Service Revenue | $327,965 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $108,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $861,023 |
| 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 | $162,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,066 |
| Payroll taxes | $14,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $274 |
| Office expenses | $0 |
| 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 | $75,843 |
| Insurance | $44,594 |
| All other expenses | $129,604 |
| Total functional expenses | $875,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,952 |
| Savings and temporary cash investments | $30,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,316 |
| Prepaid expenses and deferred charges | $1,390 |
| Net Land, buildings, and equipment | $1,039,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,234,320 |
| Accounts payable and accrued expenses | $46,404 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,704 |
| Total liabilities | $241,108 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $993,212 |
| Total liabilities and net assets/fund balances | $1,234,320 |