Balboa Yacht Club

Organization Overview

Balboa Yacht Club is located in Corona Del Mar, CA. The organization was established in 1945. 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 11/2021, Balboa Yacht Club employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balboa 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 11/2021, Balboa Yacht Club generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $5.8m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEMBERS A SITUS TO EXERCISE THEIR FIRST AMENDMENT RIGHT OF FREE ASSOCIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL SERVICES ARE DIRECTED TOWARD THE MEMBERS' ENJOYMENT OF THEIR CLUB


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Board, Officers & Key Employees

Name (title)Compensation
D Beek
Commodore
$0
P Blank
R. Commodore
$0
T Cannon
V. Commodore
$0
R Taylor
CFO
$0
R Waier
Judge Advocate
$0
K Duarte
Port Captain
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,380,193
Investment income $2,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,021,592
Miscellaneous Revenue$0
Total Revenue $6,404,152

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