Tahoe Yacht Club
- Assets
- $1.2m
- Revenue
- $828.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Tahoe City, CA
- Founding
- 05/1958
- Data as of
- 12/2023
- EIN
- 94-6103596
Organization Overview
Tahoe Yacht Club is located in Tahoe City, CA. The organization was established in 1958. 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 12/2023, Tahoe Yacht Club employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahoe 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 12/2023, Tahoe Yacht Club generated $828.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $806.5k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TAHOE YACHT CLUB IS TO PROMOTE CAMARADERIE AMONG ITS MEMBERS AND GUESTS IN A WELCOMING ATMOSPHERE BY HOSTING YEAR-ROUND BOATING, SOCIAL AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS AND SOCIAL EVENTS FOR APPROXIMATELY 450 MEMBERS
EDUCATIONAL SAILING PROGRAM FOR MEMBERS
RACES, REGATTAS, BOAT SHOWS AND SPECIAL EVENTS PRODUCED FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Shaw Director | Trustee | 0 | $0 |
Terra Kanwetz Director | Trustee | 0 | $0 |
Vincent Forte Director | Trustee | 0 | $0 |
John Sakrison Sr Staff Commod | Trustee | 0 | $0 |
Jamie Arno Director | Trustee | 0 | $0 |
Matt Taylor Director | Trustee | 0 | $0 |
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 | $41,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,925 |
| Total Program Service Revenue | $603,177 |
| Investment income | $817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,697 |
| Net Gain/Loss on Asset Sales | $11,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $157,252 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,185 |
| 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 | $207,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,000 |
| Payroll taxes | $19,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,116 |
| Fees for services: Accounting | $21,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,795 |
| Travel | $240 |
| 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 | $50,893 |
| Insurance | $34,259 |
| All other expenses | $219,177 |
| Total functional expenses | $806,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,202 |
| Savings and temporary cash investments | $668,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,199 |
| Prepaid expenses and deferred charges | $274,048 |
| Net Land, buildings, and equipment | $147,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,195 |
| Total assets | $1,219,876 |
| Accounts payable and accrued expenses | $41,803 |
| Grants payable | $0 |
| Deferred revenue | $266,045 |
| 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 | $0 |
| Total liabilities | $307,848 |
| Net assets without donor restrictions | $912,028 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,219,876 |