La Salle Yacht Club Inc
- Assets
- $730.7k
- Revenue
- $923.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Niagara Falls, NY
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 16-0723957
Organization Overview
La Salle Yacht Club Inc is located in Niagara Falls, NY. The organization was established in 1946. 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 12/2021, LA Salle Yacht Club Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Salle Yacht Club Inc 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, LA Salle Yacht Club Inc generated $923.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $828.7k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE LASALLE YACHT CLUB IS TO FOSTER SAFE,COMPETENT AND ENJOYABLE BOATING ON THE UPPER NIAGARA RIVER1) LIFE SAVING-TO AID/ASSIST OFFICIAL MARINE AGENCIES AND OFFER ASSISTANCE AND PROTECTION OF THE LIVES OF ALL THOSE BOATING ON THE UPPER NIAGARA RIVER. CLUB DOCK FACILITIES ARE AVAILABLE FOR USE BY GOVERNMENT AGENCIES TO SECURE DISABLED BOATS ABOVE THE FALLS.CLUB MEMBERS AND BOATS ALSO PROVIDE EMERGENCY ASSISTANCE TO BOATERS IN DISTRESS.2) WATERWAYS- TO CONSTANTLY ADVOCATE TO CITY, STATE AND FEDERAL GOVERNMENT TO PROVIDE PROPERLY OPERATED WATERWAYS AND MAINTAIN/IMPROVE ALL NAVIGABLE WATERWAYS IN THE UPPER NIAGARA RIVER.3) EDUCATION-TO EDUCATE THE GENERAL PUBLIC TO APPRECIATE THE SPORT AND PLEASURE DERIVED FROM BOATING IN THE VICINITY AND TO ENCOURAGE THE STUDY AND PRACTICE OF SAFE SEAMANSHIP, PILOTING AND NAVIGATION. CLUBHOUSE FACILITIES ARE AVAILABLE AND USED FOR SAFE BOATING CLASSES.4) BOATING-TO DEVELOP AND FOSTER BOATING AND SAILING ON THE UPPER NIAGARA R
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER SAFE AND ENJOYABLE BOATING IN UPPER NIAGARA RIVER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sid Saverino Vice Commodore | OfficerTrustee | 2 | $0 |
Ted Weed Rear Captain | OfficerTrustee | 2 | $0 |
Mark Mcdonald Commodore | OfficerTrustee | 2 | $0 |
Kenneth Argona Treasurer | OfficerTrustee | 2 | $0 |
Marty Houck Director | OfficerTrustee | 1 | $0 |
Timothy Phillips Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $167,688 |
| 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 | $167,688 |
| Total Program Service Revenue | $755,351 |
| Investment income | $0 |
| 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 | $923,039 |
| 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 | $252,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,482 |
| Office expenses | $6,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,742 |
| 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 | $55,456 |
| Insurance | $28,457 |
| All other expenses | $35,040 |
| Total functional expenses | $828,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,369 |
| Savings and temporary cash investments | $223,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,722 |
| Prepaid expenses and deferred charges | $10,536 |
| Net Land, buildings, and equipment | $321,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $730,669 |
| Accounts payable and accrued expenses | $7,503 |
| 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 | $19,294 |
| Total liabilities | $26,797 |
| Net assets without donor restrictions | $703,872 |
| 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 | $730,669 |
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