Put In Bay Yacht Club
- Assets
- $1.0m
- Revenue
- $412.9k
- Investments
- $0.0
- Employees
- 29
- Location
- Putinbay, OH
- Founding
- 07/1924
- Data as of
- 10/2023
- 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 10/2023, Put In Bay Yacht Club employed 29 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 10/2023, Put In Bay Yacht Club generated $412.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $395.6k during the year ending 10/2023. While expenses have increased by 13.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A SOCIAL ORGANIZATION DEDICATED TO PROMOTING ALL FORMS OF AQUATIC ACTIVITIES: SAILING, POWER BOATING, AND CRUISING. PRIMARY EVENTS INCLUDE HOSTING SAILBOAT AND POWERBOAT REGATTAS FOR ADULTS AND JUNIORS, ORGANIZING CRUISE-OUTS, AND SOCIAL ACTIVITIES. OPERATE A RESTAURANT AND BAR FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB HOUSE PROVIDES FOOD, RECREATIONAL AND BOATING FACILITIES FOR ITS 650 MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven G Harris Commodore | OfficerTrustee | 2 | $0 |
Constance S Miller Vice-Commodore | OfficerTrustee | 2 | $0 |
Douglas Seib Rear Commodore | OfficerTrustee | 2 | $0 |
Susan D Fegen Auxiliary President | Trustee | 2 | $0 |
Jeffrey S Berquist Immediate Past Commodore | Trustee | 1 | $0 |
G Scott Owens Trustee | Trustee | 5 | $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 | $6,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,340 |
| Total Program Service Revenue | $241,016 |
| Investment income | $3,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,405 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,809 |
| Net Income from Gaming Activities | $15,452 |
| Net Income from Sales of Inventory | $131,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,892 |
| 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 | $155,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,861 |
| Advertising and promotion | $2,507 |
| Office expenses | $7,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,972 |
| Travel | $429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,213 |
| Insurance | $23,724 |
| All other expenses | $0 |
| Total functional expenses | $395,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,966 |
| 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 | $12,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $779,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,336 |
| Total assets | $1,014,166 |
| 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 | $155,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,447 |
| Total liabilities | $161,896 |
| Net assets without donor restrictions | $852,270 |
| 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 | $1,014,166 |