Detroit Regional Yacht-Racing Association
- Assets
- $80.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Clair Shores, MI
- Founding
- 11/1992
- Data as of
- 09/2023
- EIN
- 23-7420779
Organization Overview
Detroit Regional Yacht-Racing Association is located in St Clair Shores, MI. The organization was established in 1992. 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. Detroit Regional Yacht-Racing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Detroit Regional Yacht-Racing Association generated $63.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $62.5k during the year ending 09/2023. While expenses have increased by 3.9% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Prophit Director | 1 | $0 | |
Thomas Fraser Director | 1 | $0 | |
Jeffrey Henderson Commodore | 3 | $0 | |
Ric Schmidt Vice Commodore | 2 | $0 | |
Timothy Mcguire Rear Commodore | 2 | $0 | |
Larry Breskin Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,193 |
| Total Program Service Revenue | $0 |
| Membership dues | $33,996 |
| Investment income | $1,573 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,762 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,770 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,039 |
| Printing, publications, postage, and shipping | $1,152 |
| Other expenses | $15,544 |
| Total expenses | $62,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,462 |
| Other assets | $0 |
| Total assets | $80,373 |
| Total liabilities | $9,211 |
| Net assets or fund balances | $71,162 |