Larchmont Yacht Club
- Assets
- $28.5m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 630
- Location
- Larchmont, NY
- Founding
- 12/1934
- Data as of
- 09/2023
- EIN
- 13-1716713
Organization Overview
Larchmont Yacht Club is located in Larchmont, NY. The organization was established in 1934. 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 09/2023, Larchmont Yacht Club employed 630 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larchmont 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 09/2023, Larchmont Yacht Club generated $14.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $14.1m during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSTILL AND ENHANCE AN INTEREST IN YACHTING AND PROVIDE AN ACTIVE ENJOYABLE SOCIAL ENVIRONMENT FOR ITS MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Leicht Commodore | OfficerTrustee | 3 | $0 |
J Christopher Schoen Vice Commodore | OfficerTrustee | 3 | $0 |
Andrew B Weiss Rear Commodore | OfficerTrustee | 3 | $0 |
Merrill A Ulmer Secretary | OfficerTrustee | 3 | $0 |
Collamore R Crocker Treasurer | OfficerTrustee | 3 | $0 |
Hl Devore Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Mcnulty Tennis Pro | 9/29/17 | $261,661 |
Ilidio Bastos Mason Contractor | 9/29/17 | $114,690 |
Paul Mcnulty Tennis Pro | 9/29/17 | $261,661 |
Ilidio Bastos Mason Contractor | 9/29/17 | $114,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $8,633,037 |
| Investment income | $102,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $189,124 |
| Net Gain/Loss on Asset Sales | $14,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,471,874 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,410,842 |
| 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 | $6,360,485 |
| Pension plan accruals and contributions | $280,033 |
| Other employee benefits | $1,101,430 |
| Payroll taxes | $717,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,516 |
| Fees for services: Accounting | $30,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $536,837 |
| Advertising and promotion | $0 |
| Office expenses | $150,263 |
| Information technology | $26,670 |
| Royalties | $0 |
| Occupancy | $800,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $278,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,713,734 |
| Insurance | $549,640 |
| All other expenses | $0 |
| Total functional expenses | $14,105,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,775 |
| Savings and temporary cash investments | $4,683,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,336,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $306,975 |
| Prepaid expenses and deferred charges | $234,983 |
| Net Land, buildings, and equipment | $20,533,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $414,100 |
| Total assets | $28,513,295 |
| Accounts payable and accrued expenses | $1,195,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,240,073 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,891,198 |
| Total liabilities | $12,327,253 |
| Net assets without donor restrictions | $16,186,042 |
| 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 | $28,513,295 |