Corsair Yacht Club
- Assets
- $81.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seal Beach, CA
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 95-3453659
Organization Overview
Corsair Yacht Club is located in Seal Beach, CA. The organization was established in 1966. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Corsair 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, Corsair Yacht Club generated $108.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. While expenses have increased by 11.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
YACHT CLUB FOR THE BENEFIT OF THE MEMBERS BY THE MEMBERS OF THE CLUB.NO MEMBERS BENEFITED FROM CLUB MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Dewitt Vice Commodore | 1 | $0 | |
Brooke Alberts Rear Commodore | 1 | $0 | |
Tim Deleo Port Captain | 1 | $0 | |
Karafaye Buffa Director | 1 | $0 | |
Jamie Blair Secretary/treas | 1 | $0 | |
Warren Stone Jr S Commodore | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,642 |
| Investment income | $143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $49,553 |
| Other Revenue | $0 |
| Total Revenue | $108,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $32,257 |
| Printing, publications, postage, and shipping | $4,894 |
| Other expenses | $69,245 |
| Total expenses | $107,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,388 |
| Other assets | $0 |
| Total assets | $80,976 |
| Total liabilities | $248 |
| Net assets or fund balances | $80,728 |
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