Buckeye Lake Yacht Club
- Assets
- $4.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 62
- Location
- Buckeye Lake, OH
- Founding
- 00/0000
- Data as of
- 08/2023
- EIN
- 31-6010814
Organization Overview
Buckeye Lake Yacht Club is located in Buckeye Lake, OH. The organization was established in 0000. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Buckeye Lake Yacht Club employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckeye Lake 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 08/2023, Buckeye Lake Yacht Club generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.6m during the year ending 08/2023. While expenses have increased by 8.2% per year over the past 8 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
SOCIAL CLUB FORMED TO PROMOTE SAILING AND BOATING THROUGH EDUCATION, TRAINING AND COMPETITIVE RACING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF BUILDING AND FACILITIES USED FOR SAILING, RACING AND SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Mcentire Trustee | Trustee | 5 | $0 |
Mark Pyle Trustee | Trustee | 5 | $0 |
Bruce Ames Trustee | Trustee | 5 | $0 |
Mark Russell Trustee | Trustee | 5 | $0 |
Charlie Campbell Trustee | Trustee | 5 | $0 |
Jeff Hamilton Commodore | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,048,184 |
| Investment income | $4,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,955 |
| 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 | $2,040,638 |
| 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 | $552,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,422 |
| Payroll taxes | $68,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,708 |
| Fees for services: Accounting | $42,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,154 |
| Advertising and promotion | $0 |
| Office expenses | $15,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,500 |
| Insurance | $41,974 |
| All other expenses | $172,335 |
| Total functional expenses | $1,649,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $532,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,066 |
| Prepaid expenses and deferred charges | $20,127 |
| Net Land, buildings, and equipment | $3,532,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $641,930 |
| Total assets | $4,890,020 |
| Accounts payable and accrued expenses | $46,015 |
| Grants payable | $0 |
| Deferred revenue | $368,835 |
| 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 | $557,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $972,179 |
| Net assets without donor restrictions | $0 |
| 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 | $2,238,873 |
| Retained earnings, endowment, accumulated income, or other funds | $1,678,968 |
| Total liabilities and net assets/fund balances | $4,890,020 |