Cleveland Yachting Club Inc
- Assets
- $12.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 255
- Location
- Rocky River, OH
- Founding
- 05/1951
- Data as of
- 09/2023
- EIN
- 34-0154090
Organization Overview
Cleveland Yachting Club Inc is located in Rocky River, OH. The organization was established in 1951. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Cleveland Yachting Club Inc employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Yachting Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Cleveland Yachting Club Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. While expenses have increased by 5.1% 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
PRIVATE SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCKING, HAUL AND LAUNCH, RELATED BOATING SERVICESFOOD AND BEVERAGE SALESMISCELLANEOUS MEMBER SOCIAL FUNCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Saltis Trustee | Trustee | 0.7 | $0 |
Steve Kmetz Trustee | Trustee | 0.7 | $0 |
Trevor Stohr Trustee | Trustee | 0.7 | $0 |
Daniel O'donnell Trustee | Trustee | 0.7 | $0 |
John H Opdycke III Trustee | Trustee | 0.7 | $0 |
Christopher M Zito Trustee | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,347 |
| 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 | $127,347 |
| Total Program Service Revenue | $5,362,281 |
| Investment income | $94,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$1,147,169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,447,373 |
| 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 | $791,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $277,909 |
| Payroll taxes | $64,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $360,126 |
| Advertising and promotion | $0 |
| Office expenses | $104,270 |
| Information technology | $11,872 |
| Royalties | $0 |
| Occupancy | $172,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $792,088 |
| Insurance | $235,400 |
| All other expenses | $48,277 |
| Total functional expenses | $3,920,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $872,250 |
| Savings and temporary cash investments | $2,594,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $857,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,674 |
| Prepaid expenses and deferred charges | $67,397 |
| Net Land, buildings, and equipment | $7,679,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,961 |
| Total assets | $12,239,054 |
| Accounts payable and accrued expenses | $707,403 |
| Grants payable | $0 |
| Deferred revenue | $446,896 |
| 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 | $1,154,299 |
| Net assets without donor restrictions | $11,084,755 |
| 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 | $12,239,054 |