Put In Bay Yacht Club
- Assets
- $643.2k
- Revenue
- $302.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Putinbay, OH
- Founding
- 07/1924
- Data as of
- 10/2020
- EIN
- 34-0922493
Organization Overview
Put In Bay Yacht Club is located in Putinbay, OH. The organization was established in 1924. 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 10/2020, Put In Bay Yacht Club employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Put In Bay 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 10/2020, Put In Bay Yacht Club generated $302.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $235.0k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PUT-IN-BAY YACHT CLUB(PIBYC) IS DEDICATED TO PROMOTING ALL FORMS OF YACHTING, POWER BOATING, SAILING, AND OTHER AQUATIC SPORTS. ANNUAL EVENTS INCLUDE CRUISE OUTS, PICNICS, PARTIES, AND NUMEROUS OTHER SOCIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB HOUSE PROVIDES FOOD, RECREATIONAL AND BOATING FACILITIES FOR ITS 400 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian D Leonard Commodore | OfficerTrustee | 3 | $0 |
Marcia Ashley Vice Commodore | OfficerTrustee | 3 | $0 |
Raymond M Arth Treasurer | OfficerTrustee | 3 | $0 |
Connie Miller Secretary | OfficerTrustee | 3 | $0 |
Jeff Berquist Rear-Commodore | OfficerTrustee | 3 | $0 |
Doug Seib Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,004 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,350 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $103,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,489 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $86,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $822 |
| Fees for services: Accounting | $2,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,275 |
| Office expenses | $3,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,407 |
| Travel | $1,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,561 |
| Insurance | $11,010 |
| All other expenses | $0 |
| Total functional expenses | $234,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,390 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,747 |
| Total assets | $643,207 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $118,775 |
| Total liabilities | $118,775 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $524,432 |
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