Lake Washington Sailing Club
- Assets
- $90.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Sacramento, CA
- Founding
- 01/1956
- Data as of
- 06/2022
- EIN
- 94-6103111
Organization Overview
Lake Washington Sailing Club is located in West Sacramento, CA. The organization was established in 1956. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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 Washington Sailing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Lake Washington Sailing Club generated $80.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $56.9k during the year ending 06/2022. While expenses have increased by 14.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Remedios Diva Treasurer | 8 | $0 | |
Mark Velasquez Commodore | 5 | $0 | |
John Mathias Vice Commodore | 5 | $0 | |
William Herion Port Captain | 8 | $0 | |
George Biery Sailing Officer | 10 | $0 | |
John Ritter Communication Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $551 |
| Total Program Service Revenue | $40,744 |
| Membership dues | $38,836 |
| Investment income | $48 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $627 |
| Total Revenue | $80,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $6,487 |
| Salaries, other compensation, and employee benefits | $10,539 |
| Professional fees and other payments to independent contractors | $5,164 |
| Occupancy, rent, utilities, and maintenance | $17,363 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,384 |
| Total expenses | $56,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,729 |
| Other assets | $0 |
| Total assets | $90,758 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,758 |
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