Buckeye Lake Yacht Club
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 60
- Location
- Buckeye Lake, OH
- Founding
- 00/0000
- Data as of
- 08/2021
- 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 08/2021, Buckeye Lake Yacht Club employed 60 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 08/2021, Buckeye Lake Yacht Club generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.3m during the year ending 08/2021. While expenses have increased by 6.7% per year over the past 6 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
2021
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 |
|---|---|---|---|
Brian Jones Governor | Officer | 0.5 | $0 |
Jeff Hamilton Rear Governor | Officer | 2 | $0 |
Bruce Ames Commodore | Officer | 5 | $0 |
Charlie Campbell Vice Commodore | Officer | 2 | $0 |
Mike Bruckelmeyer Governor | Officer | 0.5 | $0 |
Greg Tobias Governor | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,800 |
| 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 | $99,800 |
| Total Program Service Revenue | $1,503,760 |
| Investment income | $1,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $255 |
| 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 | $1,605,017 |
| 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 | $469,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,207 |
| Payroll taxes | $52,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,525 |
| Advertising and promotion | $0 |
| Office expenses | $13,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,514 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,733 |
| Insurance | $39,345 |
| All other expenses | $101,423 |
| Total functional expenses | $1,292,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $492,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,066 |
| Prepaid expenses and deferred charges | $4,785 |
| Net Land, buildings, and equipment | $3,079,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,695,400 |
| Accounts payable and accrued expenses | $13,343 |
| Grants payable | $0 |
| Deferred revenue | $252,392 |
| 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 | $322,679 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $588,414 |
| 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 | $868,113 |
| Total liabilities and net assets/fund balances | $3,695,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buckeye Lake Yacht Club has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: JUNIOR TRAINING PROGRAM | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |
Lancaster Country Club Lancaster, PA | $38,766,757 | $8,916,109 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
Country Club Of York York, PA | $13,796,902 | $5,721,703 |
Portage Country Club Akron, OH | $15,375,950 | $5,578,447 |
Tau Kappa Epsilon Fraternity Inc Indianapolis, IN | $5,851,438 | $5,058,540 |
Summit Hills Country Club Inc Crestview Hills, KY | $10,857,837 | $5,231,377 |