South Shore Yacht Club
- Assets
- $54.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/1960
- Data as of
- 12/2023
- EIN
- 95-6102269
Organization Overview
South Shore Yacht Club is located in Newport Beach, CA. The organization was established in 1960. 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. South Shore 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, South Shore Yacht Club generated $106.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $101.0k during the year ending 12/2023. While expenses have increased by 5.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ACTIVITIES, WHICH INCLUDE SAILBOAT RACING, OTHER BOATING AND RELATED SOCIAL EVENTS, ARE DESIGNED TO PROMOTE THE SPORT OF SAILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Marshall Treasurer | 6 | $0 | |
Jim Coleman Rear Commodore | 6 | $0 | |
Jeffifer J Johns Staff Commodore | 6 | $0 | |
Andrea Haro Secretary | 6 | $0 | |
Tom Noto Commodore | 6 | $0 | |
Clive Gurwitz Vice Commodore | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,965 |
| Membership dues | $86,874 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,799 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,245 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,700 |
| Occupancy, rent, utilities, and maintenance | $33,329 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,712 |
| Total expenses | $100,986 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,634 |
| Other assets | $0 |
| Total assets | $54,625 |
| Total liabilities | $522 |
| Net assets or fund balances | $54,103 |