Northern Lake George Yacht Club
- Assets
- $384.1k
- Revenue
- $257.0k
- Investments
- $0.0
- Employees
- 27
- Location
- Hague, NY
- Founding
- 12/1977
- Data as of
- 12/2023
- 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. As of 12/2023, Northern Lake George Yacht Club employed 27 individuals. 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 12/2023, Northern Lake George Yacht Club generated $257.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $189.8k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 5 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
SPORTS AND SOCIAL, WE ORGANIZE AND CONDUCT A SUMMER YOUTH PROGRAM IN SAILING, SWIMMING, WATER SAFETY, AND TENNIS. WE CONDUCT SAILING COMPETITIONS ON WEEKEND MORNINGS IN THE SUMMER. WE CONDUCT OTHER RECREATIONAL ACTIVITIES INCLUDING PICKLEBALL, TENNIS, AND SOCIAL ACTIVITIES FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB ORGANIZES AND CONDUCTS A SUMMER YOUTH TRAINING PROGRAM. STUDENTS 4 TO 16 YEARS OLD ARE TRAINED IN SAILING, SWIMMING, WATER SAFETY, AND TENNIS. ABOUT 150 STUDENTS FROM MEMBER AND NON-MEMBER FAMILIES WERE ENROLLED IN THE PROGRAM. PROGRAM EXPENSES ARE INCLUDED IN THIS FORM PART VIII LINE 7 AND 10 PAYROLL, AND OTHER EXPENSES IN LINES 13, 14, 16, AND 24A.
THE CLUB CONDUCTS REGULAR SAILING COMPETITIONS IN ONE DESIGN SAILBOATS ON SATURDAY AND SUNDAY MORNINGS MID-JUNE THROUGH MID-AUGUST. AN ESTIMATED 115 PEOPLE WERE INVOLVED WITH THE COMPETITIONS. PROGRAM EXPENSES ARE INCLUDED IN LINES 16 AND 24B.
THE CLUB HOSTS A NUMBER OF RECREATIONAL AND SOCIAL ACTIVITIES TO PROMOTE CONTACT AND ENCOURAGE LIFELONG FRIENDSHIPS AMONG OUR MEMBERS. RECREATIONAL ACTIVITIES INCLUDE BUT ARE NOT LIMITED TO ADULT SAILING AND PICKLEBALL FOR ALL AGES. SOCIAL ACTIVITIES INCLUDE OPENING CEREMONIES AND PICNIC, AN AWARDS CEREMONY AND DINNER, A FLAG OFFICERS RECEPTION, AND A SQUARE DANCE, AMONG OTHERS.
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 |
|---|---|---|---|
Olivia Lucier Junior Program Manager (weekly Hours Reflect July And Aug Only) | Officer | 5 | $4,800 |
Elizabeth Alexander Asst Manager (weekly Hours Reflect July And August Only) | Officer | 5 | $4,000 |
Jon Krahulik Director | Trustee | 2 | $0 |
Diane Rottier Director | Trustee | 2 | $0 |
Cheryl Solomon Director | Trustee | 2 | $0 |
Todd Wilson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,039 |
| Fundraising events | $434 |
| Related organizations | $13,144 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,148 |
| Total Program Service Revenue | $74,108 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,952 |
| 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. | $8,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,969 |
| 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 | $2,952 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $52,717 |
| 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 | $0 |
| Insurance | $17,797 |
| All other expenses | $0 |
| Total functional expenses | $189,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,970 |
| Savings and temporary cash investments | $154,147 |
| 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 | $2,745 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $205,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,057 |
| Accounts payable and accrued expenses | $241 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $175,876 |
| Paid-in or capital surplus, or land, building, or equipment fund | $205,195 |
| Retained earnings, endowment, accumulated income, or other funds | $2,745 |
| Total liabilities and net assets/fund balances | $384,057 |