Port Ludlow Yacht Club
- Assets
- $351.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Ludlow, WA
- Founding
- 08/1981
- Data as of
- 12/2022
- EIN
- 23-7268741
Organization Overview
Port Ludlow Yacht Club is located in Port Ludlow, WA. The organization was established in 1981. 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. Port Ludlow 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, Port Ludlow Yacht Club generated $134.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $142.1k during the year ending 12/2022. While expenses have increased by 14.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED EDUCATION AND SOCIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Gilbreath Commodore | 10 | $0 | |
Anrea Pistay Vice Commodore | 10 | $0 | |
Eric Leonard Secretary | 10 | $0 | |
Robin King Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $719 |
| Total Program Service Revenue | $51,186 |
| Membership dues | $51,500 |
| Investment income | $970 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,659 |
| Other Revenue | $0 |
| Total Revenue | $134,337 |
| 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 | $3,226 |
| Occupancy, rent, utilities, and maintenance | $28,601 |
| Printing, publications, postage, and shipping | $3,096 |
| Other expenses | $103,034 |
| Total expenses | $142,104 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $343,229 |
| Other assets | $0 |
| Total assets | $351,227 |
| Total liabilities | $10,235 |
| Net assets or fund balances | $340,992 |
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