Lake Champlain Yacht Club

Organization Overview

Lake Champlain Yacht Club is located in Shelburne, VT. The organization was established in 1968. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lake Champlain Yacht Club employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Champlain 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, Lake Champlain Yacht Club generated $272.5k 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 $269.4k during the year ending 12/2023. While expenses have increased by 1.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A SAILING SCHOOL TO PROMOTE SAILBOAT RACING AND GENERAL BOATING ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECT MEMBERSHIP FEES CLUB ADMINISTRATION


PROVIDE MOORINGS & STEWARDS FOR MEMBERS


PROVIDE SAILING LESSONS


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Board, Officers & Key Employees

Name (title)Compensation
Jill Gagne
Commodore
$0
Jay Heaslip
Treasurer
$0
Betsey Dempsey
Secretary
$0
John Stetson
Vice Commodore
$0
Gene Cloutier
Rear Commodore
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$160,041
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$160,041
Total Program Service Revenue$105,216
Investment income $7,265
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 $0
Miscellaneous Revenue$0
Total Revenue $272,522

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