Bay Yacht Club
- Assets
- $342.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 23-7255729
Organization Overview
Bay Yacht Club is located in Corpus Christi, TX. The organization was established in 1973. 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. Bay 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 12/2022, Bay Yacht Club generated $57.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $77.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZE AND FUND BOATING ACTIVITIES; PROMOTE BOATING SAFETY; PROVIDE SOCIAL ACTIVITIES FOR BOATING ENTHUSIASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Vaughn Commodore | 3 | $0 | |
Jim Zelnik Vice Commodo | 3 | $0 | |
Mary Kay Schultz Rear Commodo | 3 | $0 | |
Rick Bell Secretary | 3 | $0 | |
Walter Crawford Treasurer | 3 | $0 | |
Harry Armenia Past Commodo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,975 |
| Total Program Service Revenue | $0 |
| Membership dues | $48,139 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,053 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $48,637 |
| Printing, publications, postage, and shipping | $315 |
| Other expenses | $28,814 |
| Total expenses | $77,816 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,026 |
| Other assets | $0 |
| Total assets | $342,603 |
| Total liabilities | $47,467 |
| Net assets or fund balances | $295,136 |