Northern Lake George Yacht Club
- Assets
- $313.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hague, NY
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 14-1307127
Organization Overview
Northern Lake George Yacht Club is located in Hague, NY. The organization was established in 1977. 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. Northern Lake George 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, Northern Lake George Yacht Club generated $145.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $123.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,080 |
| Total Program Service Revenue | $48,792 |
| Membership dues | $77,266 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$350 |
| Other Revenue | $0 |
| Total Revenue | $145,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,765 |
| Professional fees and other payments to independent contractors | $2,402 |
| Occupancy, rent, utilities, and maintenance | $47,373 |
| Printing, publications, postage, and shipping | $2,416 |
| Other expenses | $30,188 |
| Total expenses | $123,144 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,419 |
| Other assets | $0 |
| Total assets | $313,614 |
| Total liabilities | $0 |
| Net assets or fund balances | $313,614 |
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