Tahoe Yacht Club
- Assets
- $976.8k
- Revenue
- $666.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Tahoe City, CA
- Founding
- 05/1958
- Data as of
- 12/2021
- 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 12/2021, Tahoe Yacht Club employed 13 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 12/2021, Tahoe Yacht Club generated $666.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $483.5k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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
2021
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 377 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 |
|---|---|---|---|
John Sakrison Commodore | Officer | 0 | $0 |
Sol Gold Vice Commodore | Officer | 0 | $0 |
Jerry Landers Port Captain | Officer | 0 | $0 |
Lynn Mullen Rear Commodore | Officer | 0 | $0 |
Bob Horvath Director | Trustee | 0 | $0 |
Gerald Landers 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 | $72,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,070 |
| Total Program Service Revenue | $430,263 |
| Investment income | $662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,341 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $88,403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,804 |
| 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 | $129,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,290 |
| Fees for services: Accounting | $23,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $6,136 |
| Office expenses | $631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,919 |
| 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 | $14,927 |
| Insurance | $19,664 |
| All other expenses | $131,117 |
| Total functional expenses | $483,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,016 |
| Savings and temporary cash investments | $532,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,302 |
| Prepaid expenses and deferred charges | $203,632 |
| Net Land, buildings, and equipment | $78,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,160 |
| Total assets | $976,777 |
| Accounts payable and accrued expenses | $30,877 |
| Grants payable | $0 |
| Deferred revenue | $203,969 |
| 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 | $234,846 |
| Net assets without donor restrictions | $741,931 |
| 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 | $976,777 |
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