Laser Regatta Squadron
- Assets
- $299.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermitage, TN
- Founding
- 08/1974
- Data as of
- 03/2024
- EIN
- 23-7372614
Organization Overview
Laser Regatta Squadron, operating under the name Harbor Island Yacht Club, is located in Hermitage, TN. The organization was established in 1974. 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. Harbor Island 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 03/2024, Harbor Island Yacht Club generated $152.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $139.2k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SAILBOAT TRAINING, RACING, CRUISING AND SOCIAL EVENTS FOR SAILORS
Describe the Organization's Program Activity:
Part 3
SAILING EVENTS - MEMBER RACES AND SOCIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Smokler Commodore | 10 | $0 | |
Tim Parshall Vice Commodore | 7 | $0 | |
Jay Pigue Secretary | 7 | $0 | |
Jeff Sonsino Board Member | 5 | $0 | |
Elizabeth Porter Board Member | 5 | $0 | |
Linda Morris Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,365 |
| Membership dues | $149,693 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $152,072 |
| 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 | $122,391 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,845 |
| Total expenses | $139,236 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,383 |
| Other assets | $0 |
| Total assets | $299,039 |
| Total liabilities | $3,124 |
| Net assets or fund balances | $295,915 |