Ottawa River Yacht Club
- Assets
- $1.1m
- Revenue
- $116.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Toledo, OH
- Founding
- 01/1970
- Data as of
- 09/2020
- EIN
- 34-1007496
Organization Overview
Ottawa River Yacht Club is located in Toledo, OH. The organization was established in 1970. 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 09/2020, Ottawa River Yacht Club employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ottawa River 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 09/2020, Ottawa River Yacht Club generated $116.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $130.4k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. 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
TO PROMOTE & ENCOURAGE BOAT SAFETY AWARENESS AND FELLOWSHIP AMONG MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS MAINTAINED ITS FACILITIES TO PROMOTE & ENCOURAGE BOAT SAFETY AWARENESS AND FELLOWSHIP AMONG MEMEBERS.
TO PROMOTE & ENCOURAGE BOAT SAFETY AWARENESS AND FELLOWSHIP AMONG MEMBERDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike E Murphy Commodore | Officer | 0 | $0 |
Creighton Wack Vice Connodo | Officer | 0 | $0 |
Dennis Murphy Jr Recording Se | Officer | 0 | $0 |
Kevin Barber Entertainmen | Officer | 0 | $0 |
Tom Wolfe Yard Master | Officer | 0 | $0 |
Ben Hazzard Dock Master | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,039 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,988 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,186 |
| 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 | $7,700 |
| Other salaries and wages | $35,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,823 |
| 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 | $0 |
| Insurance | $11,982 |
| All other expenses | $0 |
| Total functional expenses | $130,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,753 |
| Savings and temporary cash investments | $30,408 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,126,898 |
| 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 | $10,000 |
| Other liabilities | $2,270 |
| Total liabilities | $12,270 |
| 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 | $1,114,628 |
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