Vancouver Lake Sailing Club Incorporated
- Assets
- $546.1k
- Revenue
- $75.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 11/1975
- Data as of
- 12/2023
- EIN
- 23-7289084
Organization Overview
Vancouver Lake Sailing Club Incorporated is located in Vancouver, WA. The organization was established in 1975. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Vancouver Lake Sailing Club Incorporated 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, Vancouver Lake Sailing Club Incorporated generated $75.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $82.0k during the year ending 12/2023. While expenses have increased by 2.9% 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
TO PROMOTE SMALL BOAT SAILING AND RACING IN THE VANCOUVER WASHINGTON AREA WITH LESSONS GUIDANCE AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING TO PROMOTE SMALL BOAT SAILING AND RACING IN THE VANCOUVER WASHINGTON AREA BY PROVIDING A LOW COST FACILITY FOR DAY SAILING AND RACING SAILBOATS TO CLUB MEMBERS. SOCIAL EVENTS ONSITE TO PROMOTE INTERACTION AND POSITIVE EXPERIENCES TO CLUB MEMBERS AROUND THE SPORT OF SAILING. BOAT STORAGE CAPACITY AND SUBSTANTIAL DOCKS ENHANCE THE OVERALL SAILING EXPERIENCE.
CONTINUING TO PROMOTE SMALL BOAT SAILING AND RACING IN THE VANCOUVER WASHINGTON AREA BY DEVELOPING A YOUTH SAILING SCHOOL PROGRAM FOR MEMBER PARENT YOUTHS AND PLANS TO EXPAND TO INCLUDE YOUTH OUTSIDE OR CLUB MEMBERS.
CONTINUING TO PROMOTE SMALL BOAT SAILING AND RACING IN THE VANCOUVER WASHINGTON AREA BY HOSTING A LIGHTNING FLEET CLASS REGATTA KNOWN AS THE ANNUAL DEBENEDETTI REGATTA HELD IN EARLY JUNE AND BY HOSTING A LASER FLEET CLASS REGATTA KNOWN AS THE BLOOMING ALGAE LASER REGATTA HELD IN MID-JULY. THE CLUB ALSO HOSTED THISTLE FLEET DISTRICT REGATTA IN MID JUNE AND A YOUTH REGATTA WAS HELD IN LATE JUNE OF THIS YEAR.
PROMOTING RADIO CONTROLLED MODEL BOAT SAILING AND RACING IN THE VANCOUVER WASHINGTON AREA BY HOSTING THE PNW DF95 DISTRICT REGATTA HELD IN THE EARLY SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Manix Race Captain | Officer | 20 | $0 |
Ed Bourguignon Membership | Officer | 20 | $0 |
Jim David Secretary | Officer | 20 | $0 |
Craig Ekstrand Treasurer | Officer | 20 | $0 |
Carl Peterson Vice Commodore | Officer | 20 | $0 |
Jeff Mahnke Commodore | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,112 |
| 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 | $37,112 |
| Total Program Service Revenue | $29,027 |
| Investment income | $1,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,320 |
| 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 | $75,435 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $960 |
| Advertising and promotion | $250 |
| Office expenses | $924 |
| Information technology | $1,517 |
| Royalties | $0 |
| Occupancy | $23,181 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,330 |
| Insurance | $12,152 |
| All other expenses | $2,303 |
| Total functional expenses | $81,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,934 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $357,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,109 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $546,109 |
| 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 | $546,109 |