Lahaina Yacht Club
- Assets
- $670.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Lahaina, HI
- Founding
- 08/1971
- Data as of
- 12/2021
- EIN
- 99-0117458
Organization Overview
Lahaina Yacht Club is located in Lahaina, HI. The organization was established in 1971. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Lahaina 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, Lahaina Yacht Club generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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 ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO FURTHER KNOWLEDGE AND EDUCATION CONCERNING THE OCEAN AND ITS USES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDED ACTIVITIES WHICH FURTHER KNOWLEDGE AND EDUCATION REGARDING THE OCEAN AND ITS USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee A Meyer Office Mgr | Officer | 40 | $51,502 |
Lynn Tenney Secretary | Officer | 2 | $0 |
Zachary Laprade Rc Sail/director | Officer | 1 | $0 |
Laura Lodato Port Captain | Officer | 2 | $0 |
David Williams Staff Commodore | Officer | 1 | $0 |
Herbert Phillips Fleet Captain | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $361,927 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,101 |
| Total Program Service Revenue | $961,535 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,158 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,443,890 |
| 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. | $51,502 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,703 |
| Payroll taxes | $77,401 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,994 |
| 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 | $13,526 |
| Insurance | $52,079 |
| All other expenses | $280,485 |
| Total functional expenses | $1,303,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,692 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $69,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,226 |
| Accounts payable and accrued expenses | $84,580 |
| Grants payable | $0 |
| Deferred revenue | $194,135 |
| 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 | $150,000 |
| Total liabilities | $428,715 |
| Net assets without donor restrictions | $241,511 |
| 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 | $670,226 |
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