Coronado Cays Yacht Club
- Assets
- $2.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Coronado, CA
- Founding
- 09/1973
- Data as of
- 11/2021
- EIN
- 95-2818860
Organization Overview
Coronado Cays Yacht Club is located in Coronado, CA. The organization was established in 1973. 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, Coronado Cays Yacht Club employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coronado Cays 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, Coronado Cays Yacht Club generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 11/2021. While expenses have increased by 3.0% per year over the past 6 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
SOCIAL CLUB FOR THE BENEFIT OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RECREATIONAL BOATING ACTIVITIES AND DINING FACILITIES FOR MEMBERS AND THEIR GUESTS
OPERATION OF RECREATIONAL BOATING ACTIVITIES AND DINING FACILITIES FOR MEMBERS AND THEIR GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Gorman Secretary | OfficerTrustee | 4 | $0 |
Mark Metzger Treasurer | OfficerTrustee | 4 | $0 |
Rome Ventura Rear Commodo | OfficerTrustee | 4 | $0 |
Jerry Rosenbusch Commodore | OfficerTrustee | 4 | $0 |
Sue Steven Vice Commodo | OfficerTrustee | 4 | $0 |
Kelly Cooper Power Captai | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $886,924 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,281 |
| 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 | $1,116,205 |
| Total Program Service Revenue | $531,362 |
| Investment income | $1,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,916 |
| 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 | $452,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,150,440 |
| 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 | $940,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,797 |
| Payroll taxes | $87,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,949 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,461 |
| Advertising and promotion | $3,336 |
| Office expenses | $129,395 |
| Information technology | $28,069 |
| Royalties | $0 |
| Occupancy | $234,221 |
| Travel | $2,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,948 |
| Insurance | $94,229 |
| All other expenses | $6,708 |
| Total functional expenses | $1,881,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,361 |
| Savings and temporary cash investments | $630,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,840 |
| Prepaid expenses and deferred charges | $28,351 |
| Net Land, buildings, and equipment | $1,901,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,757 |
| Other assets | $0 |
| Total assets | $2,782,709 |
| Accounts payable and accrued expenses | $79,204 |
| Grants payable | $0 |
| Deferred revenue | $7,800 |
| 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 | $647,930 |
| Other liabilities | $234,928 |
| Total liabilities | $969,862 |
| Net assets without donor restrictions | $1,812,847 |
| 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 | $2,782,709 |
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Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
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St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |